Knowing When To Take The Next Step
Often, running your own business means that youre looking to grow and expand.
You already have an entrepreneurial spirit, so it makes sense that youd only hope to run a successful business with the hopes of expanding.
Because of that, its important to know when you should change your location and when you should add staff.
If youve developed a client base that you simply cannot fit into your salon suite space location, its time to start looking around for a bigger suite to rent if that doesnt seem like a possibility, you might want to take the next step and either rent an entire building for your salon, or purchase your own building for your salon.
Another key point to examine within your business is when to add staff to work for you. If you notice that your clientele has expanded so much that youre having to turn people away, it might be time to start adding staff to work with you.
The last thing you want is to turn clients away, especially when they cant get enough of your talent. If this sounds like an issue youre dealing with, start considering candidates who could partner with you in your salon space.
Overall, dont be afraid to let your business grow!
You set off on your own for a reason, and you never want to stifle your creativity, progress, or success as a professional.
Dont let change scare you!
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Put Your Customers First
When you become a member of LuxSpace Studios, you are joining a community that puts your customers first. We’ve carefully considered the overall experience of your unique and creative profession and have created a new standard in the salon and spa studio industry.
Your clients expect the best service you can provide. We offer you a luxurious, modern setting where you can deliver their expectations.
Where Do You See Your Salon In 5
Try to create an as vivid picture as possible in your mind about where you and your salon business 5-10 years from now.
What does your salon look like? Who are you working with? Whats your clients like? What does it feel like to be there?
This does not mean that what youre imagining is where you should start your business. However, having a vivid picture in your mind of where you eventually will be will help guide you, even if subconsciously, in many decisions along the way to get there.
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License & Protect Yourself Properly
Okay, okay we admit it, this isnt the most exciting part about renting a salon suite, but you guys, stick with us, its necessary to talk about licensing.
Actually, its critical.
Make sure that before you start running a business out of your badass little salon suite that youre properly licensed and insuredotherwise, youll be dealing with some costly, next-level headaches.
Be sure you obtain all the necessary licenses and protections, such as:
If youre renting your own salon suite, you probably already have your cosmetology license. But, if for some reason you dont, we recommend obtaining that ASAP. Even if its not legally required in your state, being a licensed professional is always going to put you steps ahead of any competitionplus, its something youre going to want to hang up in your salon suite studio that says, Hey, look, I am a badassheres proof.
Get in touch with your local government and schedule an appointment with the department that grants business licenses. We promise this part isnt as scary as it sounds.
Cosmetology State Board Requirements
You probably need to schedule an appointment with your states cosmetology board so they can give your space the once-over approval. This means that youll have to know whats required and what needs to be implemented before they check your space . Youll need to know your states specific guidelines, CEUs, license renewal periods, fees, and more.
Professional Liability Insurance
Sola Salon Rental Prices
The initial rental price of a Sola Salon Suite is around $ 300 per week, and you need a 2-week deposit before you go inside.
They pay your salon license for you, but you will need to renew your insurance manually at the beginning of each year.
Then you have to consider the hidden costs and laundry, supplies, accountant and credit card fees, phone bills and of course, dont forget to set aside money for taxes.
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Quick Intro: Whats A Salon Suite Heres Why You Should Consider It
At Beauty Insurance Plus, were all about helping professionals growand we realize that sometimes, that means providing a super sturdy foundational knowledge to build upon. So, were breaking down some serious basicsjust for a secondbefore we dive into the more complex portions of renting or owning your salon suite.
A salon suite is basically a mini salon that lets beauty professionals from all types of industries
to rent their own small salon, spa, or shop without the risks, overhead, and expenses that come with owning an entire building.
So, in other words, a salon suite is like a place that youre renting from a landlordthe salon, spa, or shop thats within that space is yours and youre in charge of what happens in there. The room itself, well, that belongs to someone else.
You have the luxury and hard-earned right of running your own business without dealing with the headache, cost, and risk of being the owner of an entire buildingleave that for the landlord, right?
Before we move on, lets get something straightthis isnt salon booth rental.
Salon booth rental implies that youre paying someone to let you rent a space within their own salon suiteyou know, like youre renting a booth or station inside someone elses salon. So, you work at that booth, but youre obligated to follow the rules of that salon and youre definitely not going to have any say on what happens within that salon.
Sola Salon Studios’ Business Model Revolutionizes The Salon Industry Opens Fourth San Diego Location In Encinitas
SOLA SALON STUDIOS’ BUSINESS MODEL REVOLUTIONIZES THE SALON INDUSTRY, OPENS FOURTH SAN DIEGO LOCATION IN ENCINITAS
~ Salon Studio Concept Empowers Beauty Professionals to Pursue their Entrepreneurial Dreams Without the Overhead of Owning a Traditional Sa
SAN DIEGO, CA â Sola Salon Studios, , the originator of the salon studio business model and the fastest growing salon franchise in the nation, has opened its fourth San Diego location in Encinitas. Sola reinvents the standard salon model by renting high-quality individual salon studios at prices similar to chair rentals at local traditional salons. This alternative salon model enables stylists to operate their own business without the risks and challenges that come from owning a conventional salon.
Sola was established in 2003 in Colorado and now has more than 70 locations in 20 states and serves over 2,000 beauty professionals nationwide. With four locations throughout San Diego County, including La Jolla, Mission Valley, Fashion Valley and the newest addition in Encinitas, Sola is quickly expanding and gaining popularity amongst hair and beauty professionals seeking freedom to work on their own terms, be their own boss, control their schedule, sell their favorite retail lines, design their salon space and keep more of the money they earn.
– Want to avoid salon politics and drama
– Have an established client base
– Desire to hold onto more profits by selling their favorite retail line
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Tips For Stylists Going Solo
The company offers lots of tips for stylists going solo. The blog on their website is updated with information. Thus, in the day-to-day operation of a salon new styling. Also, it includes beauty techniques and marketing strategies.
Recent entries coached beauty entrepreneurs on how to do taxes, relieve stress, and get more client reviews. Also, you can use the companys app. So, they also offer ongoing seminars to keep stylists, manicurists, and others informed of the newest strategies. They keep the salon improving its business.
The 5 Best Salon Suites Franchises Of 2022
This annual list of the best salon suites franchises was revised and updated on February 10, 2022.
Beauty is a growing industry. While services meant to improve our appearance, like hairdressers and nail salons, have always been popular, the whole industry has gained renewed traction and credibility in the social media age. The growth of beauty-oriented social media personalities and YouTube channels has pushed the art of makeup into the mainstream and validated those who use the services of these skilled professionals.
The beauty industry is worth $511 billion globally. A large part of this is made up of cosmetic sales, but salons also play a significant part, selling products as well as services. There are over 1.1 million hair and nail salons in the US, and they made more than $57 billion in sales in 2019. Salon suites are a way for people who lack beautician training but have a gift for management or property to get in on this market.
The salon industry has typically been dominated by independent shops, but thats a very expensive route for beauticians to go. Another way to get started is to get hired into an existing salon and work on commission, which means keeping only about 40% of ones earnings on average. A third option is to rent a space within an existing salon, but in this case you still have to operate under the rules, and hours, of the salon owner.
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Breaking Down The Basics Behind Renting Your Own Salon Suite
The best thing about a career in the beauty industry? If you do it right, youll never get stuck feeling stagnant.
In an industry of our size thats filled with such diversity and demand, theres always room for your thriving career to push the boundaries, open exciting doors, and of course, grow to be larger than life.
While there are millions of ways for you to push your beauty pro career even further, theres one undeniably bold and rewarding strategy out there that we cant help but get behindrunning your own salon suite.
There are endless points in the pros column when it comes to renting your own salon suite spacefor starters, renting your own salon suite means that you can be your own damn boss! That authority, coupled with the freedom to be as creative as you want, run things the way you want, and employ the help you want, can unlock a whole new level of potential for your career.
Of course, that doesnt mean the process is always going to be easy. Just like with any step in your career, youll have to tackle new obstacles, take on new challenges, and learn how to transition to running your own business.
To paraphrase an insanely well-known clichéits not always going to be easy, but you better believe its going to be damn worth it in the end.
So, before we start, answer one question for usare you ready to live the suite life?
Yeah, we thought you might be.
How Do You Build Clientele Booth Rent
13 Strategies For Building Your Brand as a Salon Booth Renter Learn What It Means to Be a Salon Booth Renter . Know the Salon Booth Rental Salon Rules. Get a Rental Contract. Build a Following of Loyal Customers. Set up Your Prices. Get on Social Media. Choose Your Products. Know Your Products and Services.
Sola Salon Prices And Services
Sola Salon provides clientele with top-notch services. Sola Salon decides to go with the approach of giving you your own salon space sans the typical risks of traditional salon ownership. With this sort of business, they manage to house experienced aestheticians, nail stylists, massage therapists, hairdressers, and other salon professionals under one roof.
View the latest estimated Sola Salon prices and services below.
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So Should You Rent A Salon Suite
These are just a few of the pros and cons to contemplate when considering renting a salon suite. Remember, you are essentially deciding whether or not you will be an employee at a salon or an independent contractor running your own business.
Can you see yourself taking on hours outside of work to run the business side of the salon for the possibility of great success? If that sounds exciting, then you may be ready to accept the challenge.
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Heres A Quick List Of Tasks And Items You Should Focus On In The First Few Weeks Of Your New #solaboss Life
Lean Into Sola Tools
- Download the Sola Pro app to get access to exclusive product deals, education, perks and more.
- Sign up for SolaGenius our cutting-edge, all-in-one salon management app designed to help you run your Sola like a BOSS!
- Create your Sola webpage. The Sola website gets over one million visitors per month! Many of these people are looking for a new beauty professional to book an appointment with. Using the Sola Pro app, you can easily update your own Sola webpage with beautiful pictures, a robust bio, hours and a booking link. And the best part? Its free to all Sola professionals! At Sola, weve made it easy to increase your online presence and keep your books full.
- Visit the Sola Blog to find marketing ideas, tips and success stories from other Sola owners.
- Subscribe to the Sola Stories Podcast. Whether youre looking for a marketing quick tip, advice from a fellow Sola professional or inspiration from some of our industrys thought-leaders, to the Sola Stories Podcast for your on-the-go inspo!
- Take the initiative to walk around and meet the other Sola pros in your location This is not only a great way to cross-promote your business to attract new customers, but to also get to know your amazing Sola community!
Protect Yourself + Your Business
Now, you may be tempted to run to IKEA, HomeGoods, or Target and start picking out some décor . But first and foremost, lets get all the important business stuff taken care of.
Other Sola Salon Concerns
Most stylists offer online booking and cancellation. So, you dont need to waste time on the phone to make an appointment.
The service, the cost, studio cleanliness, and décor vary. It is according to the stylist in the studio suite, and to a lesser extent. It is the franchise owner who oversees each location.
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How Much Does A Sola Salon Studios Franchise Cost
There is an investment level of £575,000 for an exclusive country master franchise, to be paid upon signing of the master franchise agreement. The minimum investment is £1,000,000 for the initial one-time country master franchise fee and for the build out of the first Sola® studio in the country.
Unit opening fee: There is no fee for the first unit opened in the territory. There is a 30 per cent local unit franchise fee or a minimum of £2,500 per unit for additional units opened and operated by the master franchisee.
The advertising fee is 3 per cent of the gross turnover of all units in the territory that is to be spent by the master franchisee in their territory, while there is a royalty fee of 6 per cent on company-owned units, while 30 per cent of the royalty charged to franchised units is paid to the franchisor.
A percentage of each unit franchise fee paid to the country master franchisee will be paid to the franchisor.
Commercial space of 4,500 to 9,000 sq. ft. is leased and then build out in ~100 square foot spaces for rent by individual stylists and related service providers. The revenue for a Sola® Salon unit is focused on the occupancy of the spaces rented. In the US, the average occupancy is 89 per cent. The average square feet for a Sola® unit is 5,700 and that results in 25 rentable spaces.
Sola Salon: 25 Salons In One Place A Boon For Independent Stylists
Some people thrive on the hustle-bustle of a salon setting, the occasionally boisterous conversations and the energetic interaction between customers and stylists.
Others, not so much.
This is my speed, for sure here, its all about the hair, said Sarah Carpenter, standing in her cozy upstairs corner salon overlooking Pack Square Park. So much drama in that other scenario. Im about the hair, all about the good hair.
For her, the perfect spot for a salon was tucked inside Sola Salon Studios on College Street. Located on the renovated second floor of a 1920s red brick building, Sola is actually home to 25 individual salon spaces.
The concept allows stylists like Carpenter who want to own their own business but may lack the capital to build or buy a salon to run their own show. Sola opened two years ago and is about 75 percent full, said owner Elizabeth Mailander.
The operation now includes 20 individual businesses, nearly all hair styling salons and almost all women, but it also includes an esthetician and a massage therapist. The tenants own their businesses but pay weekly rent to Mailander, whose company provides the chairs, cabinets, running water, heating and air conditioning, and common bathrooms and a laundry room. She in turn pays franchise fees to Colorado-based Sola.
The idea, Mailander said, is to take the headache out of business ownership.
Salon owners can decorate the spaces, many of which have exposed brick, to their liking.
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