While owning your own independent hair salon, and signing a franchise agreement with a hair salon chain, are essentially about being a business owner, there are some fundamental differences which you should be aware of, and we will dive into those differences in this article. We are Salon & Spa Galleria, leading the way in the Greater Fort Worth area with twenty-two salon suite rental locations and no, we are not a franchise opportunity. Call us at 817-917-1416 for more information about what we can do for you.
Now, though, let’s talk about franchises vs independent businesses.
The advantages of a hair salon franchise.
When you enter into a franchise agreement, it is a perfect example of “been there, done that, written the book.” The business model is already established. There is a track record of success. There is a team of advisors who have seen it all and pretty much have a solution for any problem. You are basically plugging in your personality and drive and desire into a formula which has been designed to succeed.
Yes, you still have to do the work and yes, you still have to put in the hours and yes, there is still an element of risk, but . . . the risk is considerably less than it is for an independent business just starting out.
The disadvantages of a hair salon franchise.
Without attempting to sound negative because that is not our intention, a franchise situation is somewhat anti-creativity. You are pretty much locked into the winning formula, pretty much locked in to responding to situations the way the formula tells you to respond.
This is not necessarily a negative. Many franchise owners love the fact that the outline for success is so clearly spelled out, and all they have to do is follow the script. However, there are creatives in this world, and creatives, by their very nature, have a very hard time following a script.
Why go independent?
Again, we are not saying that going independent is the best route to success. All we are saying is that independence and free-thinking are greatly valued by a certain segment of the population, and that segment might be better served owning independent beauty salon vs franchises.
From a tax standpoint, there is very little, if any, difference in going independent or owning a franchise. From a profit standpoint again, very little difference. Yes, you will pay a franchise fee, but honestly, the franchise fee is generally less than, or equal to, the average start-up costs of an independent business.
However, the Salon and Spa Galleria way, we believe, is the best of both worlds.
A final word about Salon & Spa Galleria.
Salon & Spa Galleria leases luxury salon suites, starting as low as $75 per week, and that price includes most secondary expenses like WiFi and utilities. You are still the business owner when you rent at Salon & Spa Galleria, but you also have our experience and support behind you. It is not a franchise situation. All we do is lease the salon suite to you; you keep 100% of the profits; and you have the Salon & Spa Galleria location as an added advantage.
Call us today, and ask us about availability in any of our twenty-two locations.
