This question about renting a spa or owning a spa is a bit of a trick question, but it is designed that way to point out some important information you need before you make your decision. We are Salon & Spa Galleria, leading the way in Fort Worth with twenty-three salon suite rental locations. Call us at 817-917-1416 for more information about the outstanding rental package we offer.
Now, let’s cut through the confusion about renting vs owning so you can make an informed decision.
This question about a spa is primarily a question about location.
Whenever anyone decides to own a retail business, the first question to pop up is location. Do you rent a retail location or do you purchase a retail location. Confusion always arises for the uninformed, so let’s cut through that confusion right now. It is entirely possible to own a business but not own the building that business is located in. In fact, it is done daily across the country, by a majority of small businesses.
And, to take that a step further, it is the approach we believe to be the best for someone desiring to open a spa, no matter where they are located.
The advantages of leasing a spa location.
The primary advantage of leasing a location vs owning one is cost. To purchase a retail building to house spas, you are looking at in investment of a half-million dollars, at least, and few fledgling business owners have that sort of cash. Even if you can secure a loan with a bank for that amount of money, you are then looking at “mortgage” payments of several thousand dollars per month, and that can be crippling for a small business just starting out.
Lease a suite location and you are looking at much less liability, and a monthly lease cost under one-thousand dollars. For a small business, looking to gain a solid foundation, starting small, with small overhead, is crucial, and that means leasing the location rather than buying it.
The disadvantages of purchasing a retail location
There is no doubt that there are tax advantages to owing a retail building, but those advantages are offset by the risk involved, and very few small businesses can take on the risk of a large monthly bank payment. You are basically beginning your business ownership with a figurative gun to your head, and that is not a good recipe for success.
We will say this until we are blue in the face: Start small, minimize your risk, and grow into success. It is the only logical way to approach business ownership in the salon and spa industry.
A final word about Salon & Spa Galleria.
Salon & Spa Galleria is locally owned and operated, with twenty-three locations in the Greater Fort Worth Metro area. Our spa suites for rent begin at $75 per week, and that rental price includes the following amenities:
- 24/7 salon access
- 24/7 security monitoring
- Plenty of parking for tenants and clients
- Convenient access
- Handicap accessible
- Wide hallways
- Comfortable waiting area
- On site laundry room free to all tenants. We even provide the soap.
- Break room with microwave, sink, Keurig, refrigerator
- Endless instant hot water with tankless hot water heaters.
- Smart TV with fiber in each room
- Free wifi for tenants and your customers
- Decorate your suite how you want!
- Utilities included (water and elec)
- Wash bowl or sink in each suite
- Beautiful state-of-the-art equipment available
Call us today about spa space for rent and arrange for a tour of our facilities.
