I bought a really helpful book the other day by Ego Iwegbu-Daley who has had nail bars in Selfridges and Top Shop among others. It helps guide you through the process of planning and launching a nail bar. It was quite pricey but the advice is so specialised that it is worth it. Anyway, she says that one of the cons of taking on self-employed nail techs is that even if the salon gets busier and busier the rental you receive remains the same -this is quite a draw back that I had not fully appreciated.
Nail Bar advice
- Thread starter Chloe D
- Start date
Help Support SalonGeek:
I sorry but I really think this is a silly argument. Rent can only be charged by the size of the space and cannot be profit related! Ideally the rent for the space should be set at the going rate in your area and that's all you can expect.
Peoples mortgages don't go up and down with the occupiers earning do they
HTH
jes
Quite right - I am just looking for the rent from the nail techs to help me cover the rent for the premises. I am all over the place now wondering whether employing staff is actually going to be a better solution. Argh!!!!!
Flesh_and_Bone
Well-Known Member
If you decide to employ rather than rent out the space, you will have to remember that you can never abdicate from your responsibilities to your staff as their employer... You will have to run a payroll and deal with tax and NI (or pay your accountant to do it), if you have more than 5 staff you are required by law to offer a stakeholder pension plan, you will need Personnel advice in order not to inadvertently breach your employees rights (of which they have many), if you decide to reduce staff you will have redundancy payments to make... Your income may drop during times of sickness and holidays or simply because the salon is quiet - but you must still pay your staff... the list goes on and you need to be very sure that the drawbacks of renting space outweighs the responsibilities of an employer before you go ahead.
Good luck Sx
persianista
Well-Known Member
You cannot have self employed techs in, with no outgoings to yourself, and expect to share in any sucess that they have. A few techs paying table rent will probably tick a shop over, but you would never make serious money. The only way to acheive that is to take on the risk yourself and employ people.
It is looking like I will employ staff and take the risks that come with that. I need to keep my eye on the profit my nail bar can make and make sure there is room for growth. I cannot see how I can do this using self-employed nail techs.
I also read something else interesting this morning about setting up a nail bar/beauty salon in that at least 30% of your floor space should be dedicated to retail as treatments alone will not generate a great deal of turnover. This is something that i have never seen in any salon I have been in, bar an Elemis/Espa etc salon perhaps. It made me wonder if this is actually a good route to go down.
I also read something else interesting this morning about setting up a nail bar/beauty salon in that at least 30% of your floor space should be dedicated to retail as treatments alone will not generate a great deal of turnover. This is something that i have never seen in any salon I have been in, bar an Elemis/Espa etc salon perhaps. It made me wonder if this is actually a good route to go down.
