Many hair stylists are drawn to the industry for its independence and control, renting a chair in a salon or working as an independent contractor. Being an owner of your own salon/ suite generally can expect to have a net profit of 11-15%, although you can make this profit figure higher or lower as you see fit. It is very rare to find a really good salon owner that rents out independent chairs.
But that is why we have been rated number one in the industry. Over 60% of the U.S. is renting nationally. The most current trend in the beauty industry is the continued growth of booth rental model business. By the recently polled statistics of the industry, it’s said that nearly 70% of all U.S. salons will offer some form of booth rental by the year 2017. Throughout the years we have come to find the passion for the beauty industry will fund powerful futures and a rewarding life when working smart.