I am doing research to back my case in my current salon. I booth rent for $500.00/month, which is somewhat high for my area. The owner has informed us (I am one of 2 booth renters...the other is a busy massage therapist) that our rent is going up by @25.00/month, and will increase by that amount every year. I think this is pretty steep. In 4 years I will be paying $600.00/month. and so on with no cap. I don't disagree on increasing rent yearly AS LONG as it is reasonable. This is where it gets even sticker.
Initially I agreed to this rent figure because it included a plumbed pedi chair. The room is very small, and the chair has since been disposed of as it began leaking and couldn't be repaired (it was a used unit that they purchased before I started there. They told me they bought the pedi chair in order to attract a nail tech, which it did add to the allure.) They refused to replace it as a new unit was too expensive. I now have a sink in the room in the place of the chair. (yes, I have learned many lessons) I know that the massage therapist pays $25.00 less a month than I do, for more than double the space. My question is this: What is the normal standard expectation for basing rent and rent increases? My understanding is there are 2 ways of establishing rent. 1) by square footage, and 2) by income tier, with increase being based on a percentage of the base. (In our region, stylists commonly pay ~$150-$200/week, and nailtechs $100-$125/week to start). I am trying to learn so if I'm wrong, please let me know. I also know that an incoming stylist that is going to booth rent will also be paying the same rent as I am with the same increase yearly. The other 2 stylists are commission based. Does anyone have any input? Sorry so long. Thanks! Debbie in VA -- You received this message because you are subscribed to the Google Groups "NailTech" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/nailtech?hl=en.
