If there is only one word of advice we can give to anyone looking to rent a salon booth for rent, it would be this: big things can come in small packages! Huge profits can flow from a one-person business, and that is what we want to talk about in this article.
We are Salon & Spa Galleria, and we have painted the Fort Worth, Texas landscape with seventeen locations for those looking for salon suite rentals. Call us at 972-691-7300 for more information about how you can become a successful business owner in the beauty industry with Salon and Spa Galleria in your corner providing assistance.
What do large profits in a small business look like?
It begins with this statement of fact: when you own your own business, you keep 100% of the profits you earn. Let’s break that down and think about it for a moment, using very general figures to illustrate our point.
Let’s say you rent a salon suite from Salon & Spa Galleria, or some rental agency like Salon & Spa. You pay the ridiculously-low price of $75 per week for the salon booth rental. You pay your monthly insurance payment. And you pay for any products you sell from your salon suite. Toss in miscellaneous expenses along the way, and you are facing a monthly expense total of maybe $750-$1000.
On the plus side of the ledger, you average five customers per day, at an average price of $75 per customer. Without a doubt that is a low figure, but let’s use it. One-day earnings of $375, one-week earnings of $1875, and one-month earnings of $7500.
How is that one-person business sounding so far?
And we hear you saying “but what about utilities, what about WiFi, what about furnishings?” And to that we say all of those incidental costs are included in the $75 per week rental fee at Salon & Spa Galleria, and we also include your own web page, laundry facilities, a concierge, 24/7 access to your salon booth, and security monitoring.
You can’t do it working in a beauty salon owned by someone else
Working for someone else, in a beauty salon you do not own, means working for commissions in the 40% range. There is absolutely no way you can see profits of $6500 per month by working for commissions. No way!
And, when it’s time for expansion . . .
And yes, the sky is the limit. What if you want to expand? What if you want to hire one or two other beauticians to work for you? If that is the case, all you do is rent a large salon suite at Salon & Spa Galleria, and literally rake in the profits.
A word about Salon & Spa Galleria
It all sounds so simple. It all sounds so appealing. And yes, it probably sounds impossible. But it is not. Salon & Spa Galleria makes it as easy as is humanly possible for talented beauty professionals to start their own business AND be successful at it. We are with you every step of the way, providing marketing and business advice, supporting you with the full force of the Salon & Spa Galleria name, a name which means quality in the Fort Worth Metro area.
Call us today! Isn’t it time you start earning an income which reflects your talents?