Should I rent out the chairs in my hair salon in Bronx ny or pay the hair stylist weekly?

Answer 1

First you are going to have to figure out which is a better solution for your area. Would it be more for you to pay your stylist a percentage plus supply all the back bar and styling product or would you make more money just having booth renters who buy their own products? Do you want to control when the stylist work or just have them set their own schedule? If they work for you will you be doing all the advertising to get clients? If you rent the booths will they have to have their own clientele? What are other salons in your area doing. How much will you charge for booth rent compared to what percentage stylist/owner? If they rent the booth will they be using the salon phone or will they have to supply their own way for the clients to set appointments? Booth rent is a for sure income but depending on the amount of booths and the clients they have you might make more with percentage. You could also do both, depending on what each stylist wants but that could get confusing on product and money unless you are good at keeping track of that sort of thing.