We are going to give you two answers to this question about the cost of owning a hair salon in Fort Worth. One answer will be a bit discouraging; the other quite hopeful.
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.
First hair salon option.
You have dreamt about owning a Fort Worth hair salon for years. You have gone to school, learned your trade, honed your skills, and it is now time to take the leap into business ownership.
And it is now time for a reality check. Let’s say you need about 1,000 square feet of retail space for your hair salon suite. In a desirable area of Fort Worth, retail space can easily cost over $5 per square foot, meaning your retail space will cost you $5,000 per month for rent. Now toss in monthly utilities, toss in the cost of furniture, the cost of signage, the cost of insurance, a few more miscellaneous costs, and it is easy to see why so many talented hair stylists opt to work for commissions in a hair salon owned by someone else.
Is this option possible? Of course, but you better have a considerable nest egg of savings, and you better have a very faithful core of clients who will follow you to your new location.
The risk factor of Option #1: Very high!
Second hair salon option.
The second option is to rent a salon suite from a place like Salon & Spa Galleria. Cost? Luxury salon suites start at $75 per week, and that cost includes utilities, WiFi, a free HDTV, laundry facilities, a web page, a 26-step marketing plan, monthly workshops, 24/7 access . . . we have literally had clients who opened their doors for business, in one of our salon suites, for as little as $1000 investment, and the monthly overhead is so low that you are able to grow in your business gradually without having to worry about meeting steep monthly expenses.
Do the math; the truth if indisputable.
Does our way work in Fort Worth? Before COVID, we had ten Salon & Spa Galleria locations in the Greater Fort Worth area; today, three years later, we have twenty-three locations. We more than doubled our size during one of the worst pandemics, and ensuing horrible economic downfalls, this country has seen in decades.
The math cannot be argued with or disputed. For hair stylists with minimal savings but a ton of talent, this approach to hair salon ownership is the only approach which makes sense. Retail property in Fort Worth is not going to decrease in price in the coming years; you know that and we know that, so why not take the approach which bypasses large expenses and makes business ownership affordable?
A final word about Salon & Spa Galleria.
Salon & Spa Galleria is locally owned and operated. We invite you to call us and arrange for a tour. During that tour, take a detour and talk to some of our current clients; ask them for their opinion of Salon & Spa Galleria. We are quite confident that their reviews will be positive.