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  • Alejandro Abreu

Is Opening a Salon Suite Right for You?

The real answer: It depends.

If you're a cosmetologist contemplating whether to continue working in a salon for a salary or to start your own business by opening a salon suite in a place like Qumeni Salon Suites, there are several factors to consider. This guide will help you weigh the pros and cons to make an informed decision.

Luxury salon suite for cosmetologist
Luxury Salon Suites

Calculate Your Current Income

Begin by determining your current total compensation. This includes your base salary, commissions, and any additional benefits. Common benefits in the cosmetology industry include health insurance, food, licensing, and training. Add these to your salary and commissions to get your total annual income.

Next, consider how many weeks you work each year. Generally, this is your total number of full or nearly full workweeks. For this example, let's assume a typical work schedule of 48 weeks per year, allowing for four weeks of vacation. According to the US Bureau of Labor Statistics, the median annual salary for Barbers, Hairstylists, and Cosmetologists is $35,080, translating to about $730.80 per week.

Calculate the Costs of Running Your Own Salon Suite

Renting a salon suite comes with additional costs. For instance, you can rent a state-of-the-art suite at a place like Qumeni Salon Suites for around $200 per week. You also need to factor in additional expenses such as supplies, insurance, and marketing. Adding these costs to your current income gives you a clear idea of how much revenue you need to generate on your own to match or exceed your current earnings.

Given the above, let's consider the weekly costs of running your own salon suite. Adding rent and an estimated $50 for supplies to your weekly salary brings your required weekly income to approximately $980.80. If you're a full-time cosmetologist, you should aim to generate over $1,000 in services each week to justify the switch to a salon suite.

Assess Your Client Base

Generating more than $1,000 usually means that at least 100 clients consider you as their primary cosmetologist. To gauge whether you're ready to make this move, consider your current client base. If you serve two or more clients daily, you might be in a good position to run your own suite. However, it's crucial to have a solid understanding of your client base and their loyalty. Building a successful salon suite business depends on maintaining a steady stream of clients.

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Qumeni Salon Suites

Consider the Quality of the Salon Suite

Clients often visit salons not just for the services but also for the experience. If you decide to open a suite, ensure it's as safe, clean, and comfortable as the salon where you currently work. Ideally, aim for a space that's even more luxurious to attract and retain clients. If you don't want to worry about that, get a suite in Qumeni Salon Suites and you can be sure your clients will be happy.

In Conclusion

Opening a salon suite can be a rewarding venture, offering more independence and potential for higher earnings. However, it comes with additional responsibilities and costs. Before making the leap, carefully assess your current income, client base, and the costs of running your own suite. If you find that you're already serving enough clients and are ready to take on additional responsibilities, a salon suite could be the right choice for you.

If you're ready to explore this option, consider renting a suite at Qumeni Salon Suites. We offer a high-quality, comfortable environment that will help you and your clients thrive in your new venture.

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