Find The Right Salon Space

By Lauren Salapatek | 09/29/2011 2:29:00 PM

 

Getty Images(Photo by Lisa Maree Williams/Getty Images) Commercial real estate guru, and President of Cursor Realty Corp, Willow Shambeck, works directly with renters looking for the perfect salon space. Here she provides SALON TODAY with tips on what salon owners should consider before buying in regards to market, location and incoming costs.

SCOUT YOUR MARKET and know your competition. Who are the strong salons in the area and why? Who are the weak salons in the market and why? Use this information to mold yourself into one of the successful ones.

KNOW CLIENT DEMOGRAPHICS like income levels, age and ethnicity. Then seek the neighborhood that fits within these demographics.

LOCATION IS CRUCIAL. Most customers will only travel 5 miles to a salon, so find a location close to your target customer.

SHOPPING CENTER ALERT. If you are seeking a shopping center location, be aware of the co-tenants and be sure that you are not competing with their services. For example if you offer nail services, an existing nail salon in the center may have a restriction not allowing you to enter the center. Be sure to ask the owner or leasing person if there are any conflicts.

SIZE OF SALON. Lease rates are based on a per square foot price so every square foot of your salon should be utilized and profitable.

PRE-EXISTING SPACE. Due to high incoming costs for a salon (impact fees, plumbing) it is best to find a pre-existing salon space. This can be accomplished by purchasing an existing salon or keeping an eye on our targeted market for recently closed/relocated space.

EXPLORE THE MARKET for new retail space. A developer can typically assist with incoming costs by putting your required plumbing in during initial construction.


GET A GOOD REAL ESTATE REPRESENTATIVE.
These agents that can assist you in your site selection process. They should be experienced in lease negotiation, site selection and be familiar with local codes and market history. They can save you thousands of dollars not to mention time.

 

 

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ABOUT THE AUTHOR: Lauren Salapatek

Lauren Salapatek Lauren Salapatek, Web Editor for Modern Salon | Salon Today | First Chair.

(Previous positions: Associate Editor/E-Newsletter Content Production Manager)

Since January 2010, Lauren has worked for Modern Salon Media covering salon style, product and beauty trends, and business editorial for both print and online content. As of October 2013, Lauren’s role changed to Web Editor—now she manages all online editorial content for modernsalon.com, salontoday.com and firstchair.com. As part of her responsibilities, she creates, edits, organizes and curates content for all Modern Salon Media’s websites; manages the creation and production of all Salon e-newsletters; promotes Modern Salon Media’s digital content via several social media accounts (Facebook, Twitter, Pinterest); and maintains an editorial calendar to keep all Modern Salon Media’s websites timely and current.

You can find Lauren on Google+ or e-mail her at lsalapatek@modernsalon.com.

 


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