Whether you’re moving your business to a new location or finally starting your salon business from the ground up, one of the first steps is acquiring your new space. Salon studio rentals are an excellent way to socialize with other members of the local beauty industry community and a method to start your business on a budget. Before you choose your studio, first consider our guide to what you need to know before renting a salon studio.
Be Prepared for the Costs
The first step for your move into a new salon suite is ensuring that your budget can squeeze in the expenses. Prepare your bank account for a down payment and regular rental payments to the owner of the salon suites. If you don’t have a location in mind yet, make a list of the nearest salon studio buildings and their costs. If they have similar costs, you may need to list additional notes about the location, additional fees, and regular traffic.
Know the Terms of Your Lease
Read your lease carefully. You need to know exactly what the owner of the suites is providing you with and what you can do with the space. If you need to buy your own furniture and supplies, it’s best that you know ahead of time so you can put aside money for each expense. If the owner doesn’t allow modifications and renovations inside the studio, then you’ll need to improvise. Look for the different ways you can organize the salon suite to create a space that is truly yours.
Consider the Limitations of a Salon Studio
Though salon studios are a cheaper option than owning a separate salon building, they do have their downsides. The design of a salon studio complex is less accessible for walk-ins than a separate business would be. One of the most important facts to remembering when considering what you need to know before renting a salon studio is that you may have to work harder than you would normally to advertise your salon services online and offline. Find ways to separate your business from the others in the building, such as through having a target market, providing unique services, and utilizing a specific brand of products.
Consider teaming up with other studios in the building that offer different services to get your name out there. Renting a studio will help you socialize and make friends as long as your mind is open to it. Once you’ve generated enough business, you can take your salon wherever you want to—whether you want to open a business downtown or stay in the studio complex is up to you!
