If you want to start your own hair salon but don’t have the assets, renting a barber chair is a perfect option. Renting a chair in a salon is not new. On average, more than 50% of hairdressers or stylists are on a rental basis or self-employed.
How does renting a barber chair work?
For renting a barber chair, there are three options. What you have to pay depends on which option you are choosing.
Percentage of Earnings
In this chair rental agreement, you have to pay 40 to 60 % of your total taking to the salon owner.
In this chair agreement, the stylist and dresser have to pay a fixed rent for the chair.
In this option, you have to calculate your monthly income first to check if it will be beneficial for you.
Percentage plus Rent
In the Percentage plus Rent option, you have to pay a fixed amount of small rent every month and a small percentage of the dresser taking.
Tips for renting a barber chair for a salon
If you’re considering renting a barber chair for your salon business, here are some tips to keep in mind:
Research the Market
Before renting your barber chair, research the market in your area to determine the rent of the barber chair. This will give you an idea of what to charge as well as what to expect in terms of competition.
Create a Rental Agreement
It’s necessary to have a rental agreement in place to protect both yourself and the renter. The agreement should outline the rental terms, which include the rental price, payment schedule, and other relevant details.
Set Clear Expectations
Make sure your renters understand what is expected of them while using your barber chair. This includes keeping the area clean and tidy, using the equipment responsibly, and respecting other renters in the salon.
Promote Your Rental
Once you’ve got your rental agreement in place and your expectations set, it’s time to start promoting your rental. Reach out to local barbers and stylists to let them know you have a chair available, and consider posting on social media or online marketplaces to attract a wider audience.
Pros of renting a barber chair
Renting a barber chair has many advantages for independent hair stylists or barbers. Here are some of the pros:
Renting a barber chair allows hairstylists or barbers to set schedules by themselves, choose their own clients, and work at their own pace. This flexibility is ideal for those who want to work part-time, have other obligations, or prefer to work independently.
Low Startup Costs
Renting a barber chair is a cost-effective way for independent hair stylists or barbers to start their own businesses. It eliminates the need to purchase or lease a storefront, equipment, and supplies, which can be expensive.
Buying the best barber chairs for sale costs you $1000, plus you will need to purchase other equipment, so the collective cost will increase considerably that a startup stylist can not afford.
Sharing a salon space with other hairstylists or barbers can create opportunities for networking and collaboration. It can lead to referrals and cross-promotion, which can help build a clientele and grow the business.
Renting a barber chair provides access to a professional and fully equipped salon environment, which can enhance the hairstylist’s or barber’s image and credibility. It also creates a sense of community and support among peers.
Focus on Service
Renting a barber chair allows hairstylists or barbers to focus solely on providing high-quality service to their clients without the added responsibilities of running a business. This can lead to increased job satisfaction and better customer satisfaction.
Cons of renting a barber chair
While renting a barber chair has many advantages, there are also some disadvantages you need to consider. Here are some of the cons:
Lack of Control
Renting a barber chair means the hairstylist or barber has limited control over the salon environment. They did not control the salon’s operating hours, rules, or policies, which can impact their ability to attract and retain clients.
Barber chairs in a salon can be limited, which means that the hairstylist or barber may not have access to a chair in need. This can lead to missed appointments and lost business.
Although renting a barber chair is less expensive than starting a salon from scratch, there are still costs associated with running a business. This includes supplies, equipment, marketing, and insurance.
Sharing a salon space with other hairstylists or barbers can lead to competition for getting clients. This can be challenging for those who are new to the industry or have limited experience.
Limited Growth Potential
Renting a barber chair can limit the hairstylist’s or barber’s ability to grow their business. They may be unable to expand their services or hire additional staff, thus limiting their earning potential.