hello geeks....

im thinking of going into business with my friend and need some advice/information..

the salon in question will be a hairdressing and beauty salon... hairdressing and nails will take place at the front part of the shop and beauty treatments will be carried out at the back of the store...

can anyone advise me as to what price is normally charged to rent a room out to beauty therapists....?

things included by us will be water, elect, rates, advertising, promotion and the bigger equipment inside the room ( ie couch, desks, etc..)

should we rent out the room by weekly charge..? or a monthly charge....?

any help will be appreciated...

forgot to add...

the location of this salon is on a main road in outer london.... (zone 4 underground)

the room at the back is quite big - possibly be able to make two room out of one depending on what treatment are being offered..

Hi there

My experience has been per day normally - adds up to weekly total - adds up to monthly cost. I payed weekly then.....now in a different situation my landlord is happy to recieve payment monthly.
This is something that can be negotiated between relevant parties....
If I was to rent out any of my floor space fully stocked & equiped,promo etc included I'd be asking no less than $45.00 per day...I was paying $40.00 per day - another $150 per week 10 years ago for a nail station & I supplied my own stock & product. The desk & chairs - promotions - refreshments etc were provided by the salon...
Just a guideline from my experience's.....

HtH

XX J XX

I was paying £20 per day at a village location (not exactly central) and now have moved to a better salon in the High Street at £30 per day, providing all my own products, etc.

thanks for the replies geeks...

can i just ask... is it a common practice that if beauty therapists were to rent a rent from somewhere.. that they provide their own products and the salon owner provides larger equipments like couch/ tables/ chairs etc....?

Not sure how it works, different for everyone. I provide all my own equipment and products. That way, if anything gets broken etc, I can replace myself...

how much rent do you pay....?

sorry geeks...

just bumping this back up as im in desperate need of more advice....

The beauty therapists where I worked provide all their own products, couches, towels, etc and pay £20 per day (that wasn't High Street location) so I think it would be more in a prime position.

Whatever you go for, you can always say it is up for review in 3 months. Alternatively, you could go for a percentage of the income of the therapist.

thanks chris..

i only do nails and my friend only does hairdressing.. so we have not many knowledge in the beauty side of things....

we did think about taking a percentage rather than a room rental charge...

in your experience.... which - in the salon owners point of view - a better option...? what are the pros and cons of charging one flat fee for the room and taking a percentage...? the obvious thing of course would be how many clients they get... but are there anything else that we should consider..?

By going for a percentage of income from the therapist you will maximise your earning, because you will earn money from every single beauty client that walks through your door.

If you set a rent price, you are capping your potential income. For instance - if you agree a set rent with the beauty therapist (this goes for hairdressers and nail techs too), and they become MEGA busy and are earning a bomb, you are missing out, and it its YOUR salon. By taking a percentage, you are free to earn more, as the therapist gets more busy as a clientelle is built up.

The way this works for everyone is that the therapist will not have to stump up money she has not made, to pay the 'set rent' figure, if for whatever reason she is NOT that busy - and you will not loose your therapist because she is not paying out and becoming out of pocket.

It is partly up to the therapist to get clients in, as she wants to maximise her own earnings, but if you want your salon to get a great reputation, its also up to you to get clients in the door, via advertising and other methods - and by knowing you will be earning money from every client that walks in, it will strive you on too.

Hope this helps, The average room to rent price in my local town, in the town centre is around £25 a day. xxx

I think for the salon owners it is probably financially more beneficial to employ the therapist on a basic wage + commission. However, if you don't want that hassle, I would go for percentage. Good luck!

i rent a room within a sunbed shop and i pay £45 aweek i buy all the products and equipment i even pay for my advertising i everything is inwith the rent such as water, electric, gas, i think £45 is a reasonable rate even for your neck of the woods i wouldnt charge anything more £65 a week hope this helps

hi, i rented a room in an upstairs hairdressers and i paid £50 a week for the empty room i provided everything and all bills were included, not bad but found out the hairdresser was only paying £70 for the whole shop and she had 3 rooms!

never really thought about the point tha you have made.... thanks a lot fifi..!! and thanks to the other geeks too....

can i just also ask... if i was to take a percentage.... what percentage is 'normal'...?