Mrs B
Member
Hi Everybody,
This is my first post on this site although I've been viewing it for a while and I must say there's tons of really interesting stuff to read. I completed an L & P course in March of this year and was lucky enough to find a hair salon who were interested in renting out space to a nail technician. Things have been going OK up until recently. I had a few technical hitches, but have picked up some useful tips and advice from this site (thanks). The problem I have at the moment is that I am paying 40% of my takings as rent and my takings have fallen in recent weeks. I am now at a point where I can't afford to buy stock to sell(the salon owner also expects 40% of stock sales, too) and I am considering asking the salon owner if she would agree to a rent reduction until my client base increases. My questions really are, is 40% rent the going rate?. Should I be paying 40% of stock sales, bearing in mind I am buying stock from my 60% earnings and are the summer months traditionally a little quieter?.
I would really appreciate some views on this before I go blundering in with any my requests.
Ta,
Shazz
This is my first post on this site although I've been viewing it for a while and I must say there's tons of really interesting stuff to read. I completed an L & P course in March of this year and was lucky enough to find a hair salon who were interested in renting out space to a nail technician. Things have been going OK up until recently. I had a few technical hitches, but have picked up some useful tips and advice from this site (thanks). The problem I have at the moment is that I am paying 40% of my takings as rent and my takings have fallen in recent weeks. I am now at a point where I can't afford to buy stock to sell(the salon owner also expects 40% of stock sales, too) and I am considering asking the salon owner if she would agree to a rent reduction until my client base increases. My questions really are, is 40% rent the going rate?. Should I be paying 40% of stock sales, bearing in mind I am buying stock from my 60% earnings and are the summer months traditionally a little quieter?.
I would really appreciate some views on this before I go blundering in with any my requests.
Ta,
Shazz