📢 Lease or Buy? Let’s Talk Salon Suites! 💇🏽♀️💈Leasing vs. buying your commercial space—both paths can lead to a thriving salon suites business! Here’s what you should consider: ✅ Leasing:
• 🛠 Lower upfront costs – You can keep more cash available for renovations, marketing, or hiring a great team.
• 📍Flexible leases – If you need to expand or relocate, it’s easier to make a move. Great for testing new locations or markets • 🔑 But, no equity build-up – Monthly payments go toward rent instead of an asset you own. Rent can increase
✅ Buying:
• 🏠 Property ownership – You’re investing in an asset that can appreciate over time.
• 💸 But, Higher initial investment – You’ll likely need a larger down payment and financing. • 💼 More Responsibility – you take on more responsibility as the owner
Ultimately, the right choice depends on your goals and financial situation. Whether you lease or buy, planning and research are key—make sure to factor in growth plans, location, and your overall business strategy. When done right, both options can set you up for success! ✨ Ready to own your own salon suite business? I’m hosting a FREE live event this week at 7 PM EST / 4 PM PST! Click the link in my bio to sign up. See you there! 🚀
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