How much do salon suites cost to rent?
Renting a salon suite is a lucrative opportunity for independent beauty specialists to gain the desired flexibility and freedom. Finally, you can go private and take the helm of your business boat.
Is this where you are currently heading? Hold on to sign a lease for the first studio facility you’ve encountered on the web. Let’s talk numbers first:
- How much does it cost to rent a salon suite in different parts of the US?
- What does the price cover, and why does it vary in the same location?
- Does renting a suite carry financial and professional benefits for beauticians?
It’s time to get the answers and a better understanding of commercial expenses.
The cost of a salon suite rental in the US
So, you’ve been employed as a hair stylist or nail artist for a while and decided to take control of your career in the beauty industry. The next thing you want to do is move into an enclosed place in a state associated with high demand for your services and break free from commission-based earnings.
But how much does it cost to rent a salon space in the West, Northeast, and other parts of America? This is probably the first question popping up in your head, but the answer isn’t straightforward. It’s like an onion – there are layers to consider: location, square footage, utilities, extras, etc.
To answer briefly, the price for your beauty space will vary from $500 to $2,500 per month, according to 2024’s listings. If you feel a bit baffled about that range (we bet you do), let’s zoom in on the details associated with salon suite rental costs.
How is the price tag shaped?
Like any other property for rent, salon suites comply with unwritten real estate laws. Rentals often depend on the plurality of real estate factors, like how expensive commercial properties are in a particular neighborhood and what you get with one.
In other words, rent prices are not a shot in the dark. They are set based on many things you should be aware of before shaking hands with the lessor:
- Location. Where your studio sits matters the most. For example, you may be spending around $1,000 a month for rent in Oregon and be asked for as much weekly in New York. Proximity to densely populated and historical sites can also increase the rent compared to suburban areas.
- Facilities. Square footage isn’t everything, but it also affects your weekly fee. Roomy suites with perks like private bathrooms and extra storage space naturally have a higher price tag. And if the place comes fully furnished, expect the costs to go up, too.
- Competition. The supply-demand law applies to the beauty service market. If there aren’t dozens of other salons in the same neighborhood, the lessor may sweeten the deal with a reduced rental. Yet, it will likely shoot up in locations where the client’s attention is the hardest to capture.
- Reputation. Studios that have an abundance of excellent reviews are usually more expensive than those rated lower. Renting a space with a reputable brand is about being part of that brand. It gives you a credibility boost and involves higher salon suite rental costs.
Professional advice: Do not go for the lowest rental in a state or city without giving other options any thought. Evaluate the perks you get for the cost, when you’re likely to reach the breakeven point with each space, and what other expenses may hit you along the way.
Is a studio rental beneficial for me?
If you aim to start independently with minimal obligations, the answer is ‘yes.’ There are many compelling reasons why investing in a private beauty space makes sense.
Play by your rules
A private studio is a cradle for your inner entrepreneur. You are free to build your brand, create a unique atmosphere, and attract clients the way you want.
Plus, you can focus on exploring new services or products without the constraints of a traditional salon environment, where work rules have a crippling effect on your ambitions. There are no such rules in a rented studio, as you are the one who decides on operation hours, space personalization, and work-related processes.
Make as much money as you can
The cost to rent a salon suite shouldn’t be frightening, no matter how many figures. In a private suite, the earnings are all yours – and this is what really matters. If they greatly exceed your expenses, rental fees are fair. Besides, you can set your prices for treatments and items for sale and retain full control over revenue streams.
Renting a suite offers nearly the same benefits as opening your own studio but is much more cost-effective and less risky. It saves you from upfront investment in property, furniture, and amenities like WiFi routers and connections.
Go independent (as long as it feels right)
Renting gives you the power to rip apart the chains of the employer. This independence includes complete control over business decisions and client relationships.
However, you are not left unassisted if an emergency occurs. The rental cost often includes maintenance services for faulty equipment and tools and the lessor’s help with payment processing. Chances are, you will also be assisted in getting a license for specific beauty treatments.
Saving money on salon rentals
Here’s what you can do to fork out fewer earnings for a studio:
- Share the cost of a salon suite rental with another professional and implement shifts.
- Sell eye creams, anti-aging products, or other items for extra income.
- Offer multiple beauty services if you’re a multitalented professional.
- Negotiate lease terms or discounts for long-term commitments.
- Opt for a small or single-window studio that typically comes at a lower rent.
- Consider less crowded areas where rents are more affordable.
Another win-win way to save money on rentals is to sign a contract with Optima Salon Suites. The cost to rent a salon suite with us starts at $249 per week, which will get you up and running in an exclusive location in the selected state.