So you've decided to open your own hair salon. It's easy to understand why. People will always visit hair salons; they care about their hair, and they want to look their best. Additionally, there are many benefits to owning your own hair salon as opposed to working as a hairstylist in another person's salon. By owning a salon, you can control the focus of the business, hire people that you genuinely want to work with, and ensure that your services are properly priced.
But before you open a hair salon, you need to find the right space for it. There is a lot of competition for business spaces. Vacancy rates for both retail spaces and industrial real estate have declined in recent years. They were projected to hit 13.9% and 6.5% respectively as of 2020's third quarter, according to U.S. commercial property statistics. So what goes into choosing a good hair salon suite? Let's find out.
1. Are You Going Fully Independent?
People rent out hair salon suites for two reasons. They either plan on running a full hair salon with multiple employees (who will often specialize in different services, with some being colorists and others focusing on cutting hair) or they wish to be fully independent. A fully independent hairstylist might have their own salon suite, offering their services on their own with no employees. This will certainly impact the type of suite you look for.
2. Is It Up To Code?
A hair salon owner needs to make sure that they are following the rules and regulations of their area. You can't rent out a space just because it looks good. You need to ensure that it's up to code and that if it isn't, alterations can be made to bring it up to code.
3. Is Your Landlord Willing?
Let your potential landlord know about your intentions for the space. You don't want to run into any issues or stress down the road if they object to you running a hair salon.
4. Is It In A Good Location?
Location matters. You don't want to be in an area that's too competitive, but you also need to be conveniently located for your clients.
Opening a hair salon is exciting! You'll just want to make sure that you're picking a space that's right for your goals.