Can you afford to buy an existing Georgetown spa? Can you afford to lease one? We will take a look at those two questions and provide the answers you need to make an informed decision moving forward. We are Hill Country Salon Suites, offering affordable spa rooms for rent in Georgetown. Call us at 512-380-2500 for more information about current pricing and availability of outstanding spa space for rent.
What an existing Georgetown spa will cost.
There is no easy answer to this question. Real estate prices are dependent, of course, on location as well as availability and the size of the property. There are hard and soft costs associated with construction and furnishing, etc., and those costs will differ depending upon location as well.
Using the industry standard, you can get a rough idea by figuring out how much space you will need for your spa and multiplying that figure by $200 per square foot. In other words, if you project a space of 2,500 square feet, and are looking at an approximate cost of $500,000 to make that dream of yours a reality.
Again, we caution you, this is a ballpark figure, and it can vary greatly depending upon where you are located.
What about a suite for rent?
If a half-million dollars is a bit out of your price range, you might want to consider shrinking your dream down to a manageable size and obtaining a spa rental space. Right off the top you are eliminating the cost of construction, the hassle of government permits, and all other headaches associated with starting from scratch.
Which leaves you with two options in the rental option: you can rent a retail building location, or you can rent a salon suite/spa suite, and operate a much smaller enterprise.
If you rent a stand-alone building, you are looking at a monthly lease payment of $5000 or more. You are then looking at employee costs, furnishings, signage, insurance, etc, all of which can be crippling if you are under-financed.
Or, you can simply rent a salon suite, in which case your lease payment will be under $1,000, and many of the operational costs will be included in the lease payment.
Let’s look at our own Hill Country business model for an example.
Best spa for rent opportunity in Georgetown.
Included in our monthly lease payment are the following amenities:
- 24/7 Access to your own private suite
- Split leasing available
- Marketing tricks and tips on promoting your business
- Complimentary Wi-Fi
- Established social media and online presence
- HDTVs in each suite
- Free Press Release to promote your business on the web
- Fully enclosed, private, locking suites
- Decorate your suite with your personal style!
- Control the temperature of your suite with your very own AC/Heater!
- Washers and dryers on site – FREE laundry for you to use and we provide the soap!
- Complimentary personal web page
- All utilities included
Which leaves you with the cost of insurance, the cost of products you want to sell in your spa, and the cost of business license and permits.
A much more affordable path to take.
A final word about Hill Country Salon Suites.
Hill Country Salon Suites has twenty-six salon suites available for future entrepreneurs. Our location near Sun City is as close to perfect as you can get, and our business plan is a proven winner. Call us today and arrange for a tour of our facilities. And check out our salon suites blog for more information.
