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How to Shop for a Salon Space

3 monthes ago   |   By Beauty Launchpad

Francesca Moisin
You've penned a business plan, waded through finances and- finally!-it's time to shop for the perfect salon space. “Renting space will be one of your biggest operating expenses,” says Jonathan Wasserstrum, CEO of SquareFoot , a New York- based commercial real estate company. Therefore, go into the process with a clear sense of what you can afford.
Budget
Here's a good rule of thumb: Allocate 3 to 10 percent of salon gross monthly sales to lease payments. “But remember that retail tenants typically pay two rents,” says Dale Willerton, The Lease Coach and author of...
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