Why a spa rental space?
Opening a new med spa is a sound business decision in today’s world. Med spas are rapidly growing in number, their market share is increasing, and it is a service which is in high demand.
That being said, starting small in a spa rental space is, in our opinion, the wise first step, and in this article we will explain why. We are Hill Country Salon Suites, serving the Greater Georgetown/Sun City Metro area with affordable luxury salon suites. Call us at 512-380-2500 for more information about current pricing and availability.
What is a med spa?
“The American Med Spa Association defines a Medical Spa or so-called Med Spa as a hybrid between an aesthetic medical center and a day spa” with four core elements: (1) the provision of non-invasive (i.e. non-surgical) aesthetic medical services; (2) under the general supervision of a licensed physician; (3) performed by trained, experienced and qualified practitioners; (4) with onsite supervision by a licensed healthcare professional.”
As mentioned earlier, med spas are rapidly gaining in popularity and the #1 demographic group is the 55+ group, retired with disposable income to spend on such luxuries and personal care.
Med spa essentials.
So, what is needed to open a med spa? A partial list of essentials, certainly not a complete list, would be:
- 1) Facial Beds and Chairs A facial bed or chair is the most basic furniture needed in any aesthetic medical practice or day spa.
- 2) Massage Tables.
- 3) Injectable Tools.
- 4) Facial Steamers.
- 5) Magnifying Lamp.
- 6) Laser Equipment and Radiofrequency Devices.
- 7) Microdermabrasion Machines.
- 8) Sterilizing Equipment.
Add to that list the obvious, a place to “call home,” plus whatever product you plan on selling, plus permits and licensing and insurance. What should immediately become obvious is that the start-up cost of a med spa is going to be pricey and considerable . . . which leads us to the next important word of advice.
Start small in a spa rental space, grow large in time.
By far, the largest out-of-pocket expense in opening a med spa is the cost of securing a location for that spa. The common approach, in the past, was to lease a standalone building or retail storefront with room enough for several offices, a reception area, and several workstations. The cost of such an undertaking? Easily $10,000 or more just to open the doors of that spa location; then add to that the cost of equipment and, well, it is easy to see why, in the past, this was primarily a venture only appealing to financially secure investors.
But what about small-time investors? What about the middle-class spa professionals who have a dream of one day owning their own business?
Drum roll please . . . welcome to the world of the spa space rental, otherwise known as a salon suite rental.
With this spa space rental business model, instead of leasing an entire building, you simply lease a spa suite, or pair of suites, just room enough for one or two spa professionals, and at a considerably lower cost. This approach leaves you with a monthly leasing fee of a couple thousand dollars rather than ten thousand or more, meaning this is affordable and doable for our aforementioned middle-class entrepreneur.
And where do you find a spa room rental like the one mentioned above?
A final word about Hill Country Salon Suites.
Hill Country Salon Suites is locally owned and operated in Georgetown, Texas, offering twenty-six salon suites for rent, perfect opportunities for those looking to own a beauty salon, hair salon, nail salon, or med spa/day spa. Call us and ask us about our full list of amenities included in the monthly rental.
