Salon Design and Build
Senior Project @ Cosmo Beauty Academy
“Salon Design & Build”
By
Thomas Blazak & Felicia Rosales
The purpose of this essay is to inform you of how we would build a booth rental salon in an existing building. In this essay you will find the projected overall cost of the tenant improvements to the existing building, the projected start up cost of the new salon, and the overall budget analysis of income vs. expenses.
We will start with a generalized business plan of operating a salon with 4 hairstylists, 1 esthetician all renting full time stations in a 700 sqft. Salon. Our desire will be to create a self supporting salon with renters to offset the cost of the startup capital needs as well as the sustaining growth of the salons present needs and future growth. Each full time renter will be required to pay a monthly rent of $550.00 per month. They will be required to carry their own liability insurance as well as, file their own taxes. We will have one credit card terminal that they will be allowed to have an account on so they can accept credit card payments for their services. The salon will provide back bar and towel service for each renter. The esthetician will have a private room for his/her services. We have found a building that would fit the need and it is only $650.00 per month.
We have secured a $20,000 loan with a 10 year repayment structure at 7% interest rate to use as start up capital to transform this 700 square foot area into a beautiful and stylish salon & spa. Here is a 10 step process of what we will need to do and have already done. 1. Find a location (hopefully with plenty of visibility and potential walk in clients) 2. Contact the building owner (future landlord) 3. Meet with Landlord to negotiate a lease & terms 4. Hire a designer to layout the salon 5. Take design & layout with lease agreement to the City Planning Commission to get a building permit 6. Use temporary building permit
“Salon Design & Build”
By
Thomas Blazak & Felicia Rosales
The purpose of this essay is to inform you of how we would build a booth rental salon in an existing building. In this essay you will find the projected overall cost of the tenant improvements to the existing building, the projected start up cost of the new salon, and the overall budget analysis of income vs. expenses.
We will start with a generalized business plan of operating a salon with 4 hairstylists, 1 esthetician all renting full time stations in a 700 sqft. Salon. Our desire will be to create a self supporting salon with renters to offset the cost of the startup capital needs as well as the sustaining growth of the salons present needs and future growth. Each full time renter will be required to pay a monthly rent of $550.00 per month. They will be required to carry their own liability insurance as well as, file their own taxes. We will have one credit card terminal that they will be allowed to have an account on so they can accept credit card payments for their services. The salon will provide back bar and towel service for each renter. The esthetician will have a private room for his/her services. We have found a building that would fit the need and it is only $650.00 per month.
We have secured a $20,000 loan with a 10 year repayment structure at 7% interest rate to use as start up capital to transform this 700 square foot area into a beautiful and stylish salon & spa. Here is a 10 step process of what we will need to do and have already done. 1. Find a location (hopefully with plenty of visibility and potential walk in clients) 2. Contact the building owner (future landlord) 3. Meet with Landlord to negotiate a lease & terms 4. Hire a designer to layout the salon 5. Take design & layout with lease agreement to the City Planning Commission to get a building permit 6. Use temporary building permit