About 70% of our students have long term goals of self-employment.  We offer the following advice to our students: Choose your start-up location in a neighbourhood where you see yourself in the long run.  Clients will follow if you move nearby 😉

In this article, we review different rental options for budding beauty industry entrepreneurs.

RENTING SPACE IN A SPA or SALON

Renting a room (or chair) in a spa or salon is a good way to get your toes wet in the world of commerce. This option allows a certain amount of independence, it’s like renting a room  in a house where a family lives. For example, you may be able to set your own hours, but will be limited to their hours of operation.

A benefit of this arrangement is cross-promotion.  Renting space from an existing beauty business could give you access to a pool of existing clients. People who rent space in a spa/salon usually do so with the hopes that their business will also be visited by that spa/salon’s regular clients.  Cross promotion is mutually convenient ONLY when you rent from an establishment that offers different services than you.

Be prepared for conflict if you offer the same services as your landlord!

What can I expect my rental fee to be?

Your rental fee will depend on multiple factors.  The location of the establishment and the size of the room you will be renting are primary factors. The best way to conduct your research is to inquire about other places renting nearby (even if you are not interested in those locations).  

Also ask what is included in the fee. Things to consider are:

• How will your clients pay? Will you be getting your own pos or will you be using theirs? 

• Will their receptionist be greeting your clients? 

• Will you be using their washer/dryer?

• Who will clean the common areas?

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RENTING SPACE IN A COMMUNITY

Renting space in a community such as My Lofts or Citizen Salon Studios is a new concept worth exploring! This option is good for service providers with a small-medium client base. It allows for more independence and is an excellent choice for service providers whose goal is to earn a comfortable income.

Renting space in a community is like living in a furnished condo with utilities and amenities included. Rent is understandably higher as it can include equipment, furniture, and services such as online booking and marketing. It also includes maintenance of common areas.

Another pro of renting space in a community is the love and support from your neighbours. You all have something in common- an entrepreneurial spirit and your love for the beauty industry!

On the other side of that coin, your neighbours are also your competitors. There’s nothing wrong with a little competition! We advise our students to see competition in a positive light- it keeps us on our toes and reminds us daily to treat our clients like important guests J

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RENTING SPACE ALONE

Renting a store front space is a goal for service providers who want to run an entire operation. This option requires a larger financial investment and an existing client base.

This option is like renting an entire house for yourself and your family (staff). It is maximum commitment for maximum independence. You are responsible for every aspect of your business.

We do not recommend renting an entire spa/salon in hopes to rent out rooms/chairs while you build your clientele.  Do not overextend yourself! What if you aren’t able to rent ‘that chair’ or ‘that room’ in time?

Making sound financial decisions during the start-up phase is what will take your business into year 2. Try not to rely on credit and keep your overhead as low as possible for as long as possible.

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Are you interested in self employment? ESG offers short training courses to help you reach your goals one step at a time.

With ESG, you can custom-design your beauty career by taking the courses you are interested in. If you are joining the beauty industry, we recommend starting off with esthetics basics like Manicures and Pedicures or Waxing and Tinting.

EXECUTIVE SPA GROUP

Beauty Industry Resource Centre

Post Chair/Room Rental Job Listings Alberta

In a previous article, LinkedIn reports IBISWorld’s notes stating that beauty industry employment will grow steadily through 2017 at a nearly 4% annual rate.

Though these are U.S. figures, Canada is expecting a similar growth rate at 3.1%. In the article What’s Next? Beauty Industry Trends Point to Blooming Booth Rental Market, Elizabeth Kraus discusses relevant industry news as well as 6 ways the growing booth rental market might change the Beauty Industry.

Renting space in your salon/spa has pros and cons. Success in this personnel model depends primarily on 2 factors: your knowledge of rules and regulations on this topic, and the tenant/landlord relationship you conduct.

Like Judiffier Pearson says in the behindthechair.com’s article Booth Renting 101: A Guide for Owners and Renters, “The true spirit of booth renting is a tenant-landlord relationship”. Remember, this is an article from the U.S. thereby Canadian information may differ.

If you are well-informed, renting space in your salon or spa can be an excellent method of secure income.

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Executive Spa Group provides Alberta beauty industry employers an opportunity to promote their rental opportunities. This is a complimentary service we offer to cultivate Alberta’s beauty industry.

Our job bank features a Room/Chair Rental category where you can post as many details you would like to describe.

Our job bank is free, fast and easy to use. When you post your listing with Executive Spa Group, you are able to post multiple listings for up to 30 days at a time. Candidates submit their resume and other application material directly to you, thereby allowing you to be fully in control of the screening and hiring process.

By advertising in our room rental job bank, you will ensure your posting is seen by beauty professional job seekers across Alberta. Our room rental opportunities job bank can help you reach more qualified service providers than ever before. Simply complete our template outlining the skill set you require and submit it for posting. It’s that easy. And because Executive Spa Group specializes in the beauty industry, finding service providers has never been so easy!
Why post with Executive Spa Group?

• Our job bank is Alberta Beauty Industry focused
• Our job bank is visited by Service Providers in Alberta looking for their next employment opportunity
• Executivespagroup.com attracts top industry employers and job seekers
• Our job bank is easy-to-use
• Our job bank is absolutely FREE!

To post your chair/ room rental job listings click HERE.

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EXECUTIVE SPA GROUP