Thanks MJ...so what I hear you saying is your rent is approximately 25% of your monthly take. Gross income I assume? I also think it is a regional thing. I know where you are located and I'm sure you pay much more than I do in Richmond Suburbia. However, I probably average 25% of my monthly gross. My issue is how much increase per year. A 3% increase on $500.00 would be $15.00/month. Does that get figured on the new base each year? Or would it be on the original booth rent? Trying to get a handle on this...
Debbie in VA On Tue, Sep 25, 2012 at 11:13 PM, [email protected] <[email protected]>wrote: > Debbie, I pay the same for my room as a hairstylist....it is a prime > location and I have just a sink in my room which for me works out just fine > because I do waterless pedicures. You would croak if you knew what I paid > a month :/. I figure if my rent is on average is what I make in one week > during the month that works for me. I get a 3% raise per year....I can go > with it or move on. > > Smiles, > M J Zwirowski > > Dashing Diva Professional~National ESC Trainer > Tipz n Toez, Ltd.~Owner/Nail Technician/Reflexologist > 630-292-6504 > > > On Sep 25, 2012, at 9:38 PM, Debbie Wade <[email protected]> wrote: > > > 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. > > > > -- > 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. > > -- 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.
