What is a salon rental? What do you need to rent a salon suite? How long does the whole rental process take? There are so many questions about the salon rental process. Our goal, in this article, is to answer those major questions and set your mind at ease about a possible salon suite rental.
We are Hill Country Salon Suites, serving the Greater Georgetown/Sun City area with twenty-six salon rental opportunities. Call us today at 512-380-2500 for more information.
What is a salon rental?
A salon rental is known by many names. A salon suite rental, salon booth rental, salon chair rental, all of these basically mean the same thing. A salon rental is a business model in which a stylist leases salon space from an owner to provide beauty and/or wellness services. The stylist pays a fixed recurring monthly fee (rent) to the owner of the building. This arrangement benefits both parties because it can reduce costs and add revenue for both the stylist and the owner.
This is not a franchise arrangement. In every possible way, the stylist is an independent owner of their salon. The only thing they don’t own is the salon studio where the business is located. Really, this is a typical real estate lease arrangement. The only difference is a suite is being rented rather than a standalone building.
What you need for a salon suite rental?
The information we are about to share is our opinion and our opinion only, but it is based on experience and solid market research.
The first thing you need is the money to make this happen; usually, that means the initial rental payment, possible a damage deposit of some sort, possibly an extra month in advance, but that will depend completely upon the rental agency you are dealing with. Check to see what rental specials they offer. This can help when moving into a new location.
You should also have a nest egg of a couple months financial cushion to protect you during the first few lean months.
Second, you need game. By that we mean you need skills and you need outstanding customer service.
Third, you need management and marketing skills/knowledge.
Fourth, you need an outstanding work ethic and a strong emotional constitution. There will be lean months and there will be tough times; are you strong enough to endure and persevere?
Finally, you need a rock steady belief in yourself
Some of these things you will gain in time. Some you may already have. Some can be gained through training and mentoring. And, sadly, some you may never have, which is why this is not a business arrangement for just anyone.
How long would it take for this rental process to play out?
From the moment you pay your first month of rent to the moment you open the doors for business, no more than a month will transpire. Many times you can move in immediately. That is more than enough time for you to obtain your business license and any other permits you need, contract for whatever products you plan on selling, and decorate your salon suite.
A final word about Hill Country Salon Suite.
And we will help you every step of the way. Hill Country Salon Suites is locally owned and operated, and our goal is to help new entrepreneurs to attain their dreams. We offer a twenty-six step business plan, and tips and suggestions for marketing. You will need support and guidance, and we offer ours to you free of charge. Tips for success when renting a hair salon suite? We’ve got them for you. Call us today for a tour.
