The widest gap in the beauty industry is the gap between hair salon employee and hair salon owner.
The first works hard at their craft, is the face of the beauty salon, and is the reason why a particular hair salon is successful. The latter takes home the profits and attends Chamber of Commerce luncheons.
The first might, in a good year, make $50,000 if the stars perfectly align. The latter is looking at six-figure income and major tax deductions . . . plus the prestige which accompanies business ownership.
We are Salon & Spa Galleria, serving the Greater Fort Worth area with twenty-three salon suite rental locations. Call us at 817-917-1416 for more information; but first, let’s talk about making the jump from employee to owner.
What keeps most talented hair stylists from owning a hair salon.
In the world we all grew up in, owning any business required some serious investment capital. That is, in fact, the reality which keeps most talented beauticians from owning their own salon. Pay for a great retail location, pay for furnishings, equipment, signage, utilities, WiFi, a web page, marketing . . . it is no exaggeration that all of those expenses, added together, could easily cost $10,000 immediate outlay plus several thousand dollars per month. And there are not that many hair stylists who have that kind of cash sitting in the bank.
And so they continue to work in a hair salon owned by someone else, working for a 40% commission, a steady job, for sure, but no chance of advancement. The earning ceiling is low and it will remain low throughout their stay in that situation.
Steady work going nowhere.
The new hair salon world.
Now, imagine ownership without those initial expenses. Imagine ownership without huge monthly expenses. Imagine owning a hair salon which is a one-chair hair salon rather than a five-or-six chair salon.
What we just described is the new world of hair salon ownership. It is now possible, and it is happening in every major city across the United States, for one person, with very little in the way of investment capital, to own a hair salon, and the secret is in shrinking down the traditional ownership model.
Let’s look at how Salon & Spa Galleria does it in Fort Worth.
Salon & Spa Galleria leads the way in Fort Worth.
Instead of leasing a retail storefront or building, which will easily cost from $5000-$10,000 per month, our business model calls for you to lease a salon suite, one room, at a much lower cost . . . salon suites starting at $75 per week.
But that’s not all! Included in that rental fee are all utilities, WiFi, laundry facilities, a web page, a free marketing program, free HDTV, and furnishings if needed. With our business model, it is easy to envision the monthly expenses totaling, maybe, $500-$750, plus the cost of any product you plan on selling.
Do the math. If the expenses we mentioned are accurate, and they are, and if the average customer will pay $75 per visit, you will need to see ten customers, in a month, to cover expenses. Everything else over that will be profit.
A final word about Salon & Spa Galleria.
Are we painting an unrealistic picture? Salon & Spa Galleria has twenty-three locations in the Greater Fort Worth area, and we are confident you could speak to any of our current customers, and they will agree with the picture we have painted.
Call us today! Stop being an employee and become the hair salon owner you always wanted to be.