Rent a room prices and conditions

[georgieanne]

Hello,

I have in a bit of a rut. I have a medium sized room (already decorated) available for a lady who wishes to do physiotherapy, massage etc.. (lowest treatment price is £25.00 for 40minutes)

- her products and equipment will be provided by her
- she only can do evenings (6 onwards) due to a full time job, which if it takes of and she creates a good client base she will quit and work full time in the room.
- I dont know what to charge say for an evening (around 5pm - 9.00pm)
- also due to her times and me locking up I will be open longer , a lot longer
Im stuck in what to charge as although its a few hours each evening, her treatment prices will be a good earner due to her being a specialist, however I dont want her to turn down as its too high too soon, also I will be sending any of my clients wanting massage etc to her (im just doing facials and facial massage)

any help, advice and experiences welcome!

 

[mobile-hands]

Hi,
I'm not a salon owner but I am renting a room (or about too) so thought it might help to her the view from someone who has just yesterday agreed a room rental contract.

Starting in September I will be working 9-7pm Wed-Friday (10 hours) and Saturday 9-4pm (7) and have agreed £300 a month for the first 3 months and then £350 after that, this work out at approx £18.75 (£22) a day or £2 (£2.36) an hour.

I have done lots of calculations over the last few days and I have to say it is very scary but I have decided to take the plunge.

At the most she could probably do 3 treatments between 6pm-9pm, she will take £75 and that’s if she does fill all her slots... I’m not banking on being so lucky when I start out.

Out of this she will need to pay for the products she will use oil, couch roll etc (I base this at 10%) £7.50 and then there is tax approx £13.50, taking her down to £54 a night. From this she will need to pay you rent.

You both need to make sure you are benefiting from the deal, you have electric/gas/water etc to pay.

Would you trust her with a key so you didn't have to stick around?

Why don't you agree a trail rate so she can test the water herself but you are also making something from it and then say in 3/6 months time increase it... this deal is what clinched it for me.

Hope this helps, it’s not easy on either side... good luck.
Angela

 

[ch-ela]

Hi,
I'm not a salon owner but I am renting a room (or about too) so thought it might help to her the view from someone who has just yesterday agreed a room rental contract.

Starting in September I will be working 9-7pm Wed-Friday (10 hours) and Saturday 9-4pm (7) and have agreed £300 a month for the first 3 months and then £350 after that, this work out at approx £18.75 (£22) a day or £2 (£2.36) an hour.

I have done lots of calculations over the last few days and I have to say it is very scary but I have decided to take the plunge.

At the most she could probably do 3 treatments between 6pm-9pm, she will take £75 and that’s if she does fill all her slots... I’m not banking on being so lucky when I start out.

Out of this she will need to pay for the products she will use oil, couch roll etc (I base this at 10%) £7.50 and then there is tax approx £13.50, taking her down to £54 a night. From this she will need to pay you rent.

You both need to make sure you are benefiting from the deal, you have electric/gas/water etc to pay.

Would you trust her with a key so you didn't have to stick around?

Why don't you agree a trail rate so she can test the water herself but you are also making something from it and then say in 3/6 months time increase it... this deal is what clinched it for me.

Hope this helps, it’s not easy on either side... good luck.
Angela

It sounds like you have a good deal there! Are those opening hours fixed? Where I first started, I had similar trading hours, but these were reduced after a few weeks. There were other issues too, that I wont go into here.

It must be an exciting time for you... hope you have time to enjoy it!

 

[ch-ela]

Hello,

I have in a bit of a rut. I have a medium sized room (already decorated) available for a lady who wishes to do physiotherapy, massage etc.. (lowest treatment price is £25.00 for 40minutes)

- her products and equipment will be provided by her
- she only can do evenings (6 onwards) due to a full time job, which if it takes of and she creates a good client base she will quit and work full time in the room.
- I dont know what to charge say for an evening (around 5pm - 9.00pm)
- also due to her times and me locking up I will be open longer , a lot longer
Im stuck in what to charge as although its a few hours each evening, her treatment prices will be a good earner due to her being a specialist, however I dont want her to turn down as its too high too soon, also I will be sending any of my clients wanting massage etc to her (im just doing facials and facial massage)

any help, advice and experiences welcome!

Have you thought about asking for a % instead of a fixed rent to start off with?

 

[mobile-hands]

It sounds like you have a good deal there! Are those opening hours fixed? Where I first started, I had similar trading hours, but these were reduced after a few weeks. There were other issues too, that I wont go into here.

It must be an exciting time for you... hope you have time to enjoy it!

Hi
I am self employed and will have a key so it has been agreed I work the hours I want, However out of courtesy of my clients, the salon owner and hairdressers I will work the hours given of provide enough notice as they will be booking in treatment when I’m out or while doing a treatment.

Been doing so much paperwork and finance stuff in preparation it’s all a little scary but I am excited, can't believe it’s actually happening... feels very surreal.
Thanks