If you are interested in health and wellness and like working with people, you may want to start an IV hydration business in a rented salon suite. This entrepreneurial adventure offers you the chance to help people achieve their health and wellness goals with the potential to make good money.
Over the years, non-hospital use for IV hydration has risen in popularity. Many people are choosing these treatments to boost their health and wellness. Drip hydration can deliver minerals, vitamins, fluids, electrolytes, and other supplements to the client. In turn, it can boost energy, ease headaches, and improve the user’s overall health. Before embarking on this journey, you need to decide if it is the right step for you.
We are Hill Country Salon Suites, serving the Greater Georgetown area with twenty-six luxury salon suites, perfect for someone looking to rent a suite for an IV hydration business. Call us at 512-380-2500 for more information.
The benefits of an IV hydration business
First, you will have to go over the benefits of the business. Look at the positives:
- A popular part of the health and wellness movement
- Offers flexible and convenient services for patients
- Potential for steady growth
- Services can be offered from a storefront or mobile unit
- Low startup costs and good margins
Earning potential
Before getting into any new business, you need to analyze the earning potential. Take time to decide whether this industry is worth the investment where you can earn a high return on investment. For the most part, an IV hydration business does have the potential to offer an excellent return for those new entrepreneurs.
Remember that your revenue potential will depend on your investment, sales, service demand, and business size. On average, a single IV hydration session costs $280. If you schedule four to five sessions per day, you could make $400,000 in annual revenue. Considering the average industry margin of 35%, it is possible to make $140,000 in profit. That is just the start!
Full-service IV hydration lounges often book 8-10 clients daily, meaning $600,000 in annual revenue with a $210,000 estimated profit. As you grow your business, it could mean higher profits in the future
Rent a salon suite instead of an entire building
One of the major expenses for such an enterprise is the cost of your location. Purchasing a retail location is out of the question for most people. In fact, leasing a standalone retail location will set you back a few five thousand dollars or more, per month, a hefty overhead cost which has the potential to cripple a new business.
That is why renting a salon suite in a salon suite rental building is the best route to take if you are just starting out. For under a thousand dollars per month you can rent a beautiful salon studio, and with agencies like Hill Country Salon Suites, free amenities like utilities and Wi-Fi are included in the rental payment.
Starting small and growing into success really makes the best sense if you are just starting out on a venture like IV Hydration.
A final word about Hill Country Salon Suites
Hill Country Salon Suites is locally owned and operated. We have a prime location in Georgetown, a short golf cart ride away from Sun City, a rapidly growing retirement community of 17,000 residents, guaranteeing that you will always have customers for that new business of yours. Call us today for current salon room rental pricing.
