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Good Afternoon Everyone,
Just got back from getting my hair cut. Have been seeing the same lady for almost 3 years but this was the 1st time I saw her in the new location.
Her new location is in a 4,000 square foot space in a massive shopping center(that has quite a few open spaces FYI) that is shared amongst 34 other hairdressers/manicurists. Each has their own individual space where they act as their own independent contractors.
It's very similar to this one https://salonlofts.com/
She mentioned she pays $1,120 per month for her 100 square foot space.
This includes in her space:
All 35 spaces are sold out, so the owner is making almost 480k in revenues per year for this space. I have no clue what his expenses are but essentially just operating as a landlord who's in charge of utilities,cleanliness and maintenance.
Just found this to be an intriguing business which could be replicated in many areas. It's never been easier to start a business, and a lot of these hairdressers don't need the salon owner anymore to drum up business and "look out for them".
Has anyone else come across these recently or something similar?
Just got back from getting my hair cut. Have been seeing the same lady for almost 3 years but this was the 1st time I saw her in the new location.
Her new location is in a 4,000 square foot space in a massive shopping center(that has quite a few open spaces FYI) that is shared amongst 34 other hairdressers/manicurists. Each has their own individual space where they act as their own independent contractors.
It's very similar to this one https://salonlofts.com/
She mentioned she pays $1,120 per month for her 100 square foot space.
This includes in her space:
- Shampoo Station
- Adjustable chair for customer
- Heating/Air control
- All utilities
- Basic Cable
All 35 spaces are sold out, so the owner is making almost 480k in revenues per year for this space. I have no clue what his expenses are but essentially just operating as a landlord who's in charge of utilities,cleanliness and maintenance.
Just found this to be an intriguing business which could be replicated in many areas. It's never been easier to start a business, and a lot of these hairdressers don't need the salon owner anymore to drum up business and "look out for them".
Has anyone else come across these recently or something similar?
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