Average Salon Suite Rental Prices in the US
Published May 20, 2023
If you’re a stylist or beautician, you’re probably dreaming of having your own salon. Unfortunately, starting a salon business isn’t exactly cheap. Some even have to shell out millions of dollars of initial investment.
Because of this, many are turning to salon suites. It makes it easier for aspiring salon owners like you to take the plunge and start your own business. But how much does it cost to rent a salon suite in the US?
On average, salon suite rental prices in the US can range from $125 to as much as $400 per week. In some cities, it can even go up to $800, especially in very posh areas. There are a lot of factors that can affect rental rates, hence the wide range in prices.
If you’re planning to rent a salon suite and wondering how much it will cost, here’s a quick guide for you. In this post, we’re listing down the advantages of renting a salon suite and the factors affecting their rental rates.
Benefits of Renting a Salon Suite
Here are some of the most compelling reasons why renting a salon suite is ideal for aspiring salon owners:
1. Minimal start-up capital
One of the biggest hurdles for every aspiring salon owner is the large initial investment. In the US, you’ll need around $100,000 to $500,000 to open your own salon. A large chunk of that goes to construction or renovation expenses.
Renting a salon suite takes away the need to construct or renovate your own salon space. Plus, it already has ready amenities, from lounge and reception areas to large mirrors and storage spaces. This reduces your required initial investment by about 70% to 80%.
2. Easier to set up and start
Renovating a space or constructing a new one can take weeks or months. Renting a salon suite eliminates the need for all that, making it easier and much faster to set up and start your business.
3. Lesser overhead
Overhead costs like security cameras, property taxes, and maintenance expenses are usually covered by the landlord or are divided among the tenants. So you’ll pay lesser overhead than in traditional salon setups.
4. Low risk
Since you don’t need to shell out a large initial investment, there is lower risk. If the business doesn’t go as smoothly as you planned, it’s easier to discontinue operations since you don’t have to worry about disposing of assets.
5. More accessible for customers
With salon suites, you’ll share a workspace with other beauty experts. This makes your salon more accessible to potential clients. They can just walk to your salon after their lash appointment next door.
Besides, most salon suites are located in prime areas with sufficient parking spaces. So your clients won’t have a hard time making it to their appointments.
Factors Affecting Salon Rental Cost
As mentioned, there are a lot of factors that can affect salon rental costs. This includes:
As you know, rental rates in highly urbanized cities like New York and Los Angeles tend to be higher. So a salon suite in those areas will undoubtedly cost double or even triple what you would have paid in, say, Des Moine or Charleston.
Suites in prime commercial areas with lots of foot traffic tend to be more expensive too.
Obviously, the better amenities, the higher the rent you have to pay. Suites on the cheaper end of the price spectrum tend to have basic amenities like:
- airconditioning/heating system
- salon chairs
- storage cabinets
While more expensive salon suites tend to have more luxurious amenities like:
- security cameras
- reception areas
- waiting lounge
- individual refrigerator
3. Suite size
Suites come in various sizes. A standard salon suite is around 100 to 200 square feet. But some could be as large as 2,000 to 4,000 square feet.
Obviously, the bigger the space, the higher the rent would be. Some also offer shared suites which tend to be cheaper. But if your budget allows, you can also go for a double suite.
4. Current market rates
Like any lease transaction, a salon suite’s rent is also affected by prevailing market rates. During economic downturns, rent prices tend to go down. But when the economy is doing great, you’ll find rent prices skyrocketing.
5. Brand name of the salon
A salon suite’s reputation also affects its rate. If the salon suite’s branding is geared toward well-off customers, the rent also tends to be higher.
Wrapping It Up
Having your own salon means doing away with commissions and start booking your own clients. But if you’re still trying to build your name in the beauty industry, renting a salon suite is more cost-efficient. Aside from needing very minimal startup cost, you’ll also be more accessible to your customers. Plus, you won’t have to worry about the little details like maintenance, security cameras, or hiring a reception staff. All you need to do is get your tools and start booking clients.
Lease Salon Space In Royal Palm Beach Florida
Fulfill your dreams and be your own boss when you lease salon space in Palm Beach Florida with us. Our beautiful salon spaces come with complimentary laundry and cleaning services and a flexible lease agreement you can afford. Our salon suites come with many amenities including free cleaning service, televisions, storage space, and more. Contact us now to book a tour or learn more.
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About The Author
Judy Ponio is the lead writer for the Salon Suites of Palm Beach website and blog. Her many years of blogging experience and passions for beauty trends helps her create content that has helped millions of people worldwide.