Opening Your Own Hair Salon. Part Five

The boring bits

• You’ll normally pay rates/insurance and all other outgoings on a building ask the agent for a Disclosure statement with a copy of the lease.
• Roughly what you can expect to pay; Rates aprox $2000.00, Insurance aprox $1200.00, Water rates aprox $1000.00
• Get everything sorted with local authorities you must have your set up to a certain health standard ( cost $100-200.00)
• Get everything sorted with local authorities you must have your set up to a certain health standard, ring and get stuff sent out saves time.
• Get business name rego ( cost $80-$150.00). You can do this online at Business Victoria. I’ll get Dean to post all the details on how to register the business yourself. No need to pay anyone to do this it really easy.

Cheers
Jeremy

Opening a Hair Salon. Part Four

The All Important Lease Part Two

• Whatever they’re asking for rent, take 20% off, but always say you’re negotiable; this is what it’s going to cost you !!!!!!!!!!
  
• You can set a commencement date to stretch things out and pay the security deposit first then the rent when you commence your lease.
• Don’t be put off if your agent hasn’t got back to you but keep ringing. You might know someone he knows so try everything to find out who the owner is: talk to the neighbors, make them your friends so they want you there as well. You are going to make it pumping for everyone, the owner is getting a great long term tenant – be pushy!
  
• Lawyers are over rated, but well if it’s your first lease think about it. Cost aprox $500-750.00
• You only want the standard commercial lease relevant to your state/ country minimal yearly increases in rent, it’s all negotiable.
• Your rent free period is in essence what gives you the ability to build a salon with not to much else. (except your scissors which you can get for less from www.scissorsforstylists.com.au)

Cheers
Jeremy