Space For Lease For Nail Salons in Austin
Deciding to lease your own salon space is an exciting step, but finding the perfect spot involves more than the old “location, location, location” adage would lead you to believe.
Leasing a nail salon suite is an exciting step forward for your business, but it comes with complex leases and costly mistakes if you don’t know what you’re doing. That gorgeous space you fell in love with might not have the neighbors or amenities that are essential to your salon’s success. Worse, if the lease terms for that “perfect” spot don’t mesh with the projected needs or growth of your business, your dream location might turn into a nightmare.
The entire process of signing a commercial lease is confusing by design and for inexperienced business owners, it can be hard to know where to start.
Making an informed decision is critical and you’ll want to negotiate the best possible lease from the start. Working with an experienced commercial agent is a must because they’ll help you find the perfect space, they will also represent your best interests during the negotiation process.
While you may think that you can handle the process of signing a lease on your own, you’re actually taking on a big risk that could lead to a failed business. There are quite a few special terms and complex clauses in these leases which can trip you up easily and have long-term negative effects.
With the help of a professional agent like Commercial Lease Locators, you can avoid costly problems and set your business up for success when leasing retail space.
Not every agent has the knowledge or experience necessary to negotiate a good deal on a commercial lease. For the best results, only use an agent with expertise in the field of commercial leases and tenant representation.
Renting or Leasing Nail Salon Suites
Most nail salon facilities find their ideal location on highly trafficked retail shopping centers that lack competition.
However, there is still a strong case to be made for looking at sub markets of Austin that are underserved because you might be the only service provider in town.
Whether you have a good idea about where you want to locate your new business or you are going into the process completely blind, having an expert agent to help is invaluable.
We will ensure you make a good decision by analyzing things like traffic flow, nearby competition, ease of access and parking options.
After viewing mutliple properties we’ll work together to determine which one works best with your concept. From there we will open communications with the property owner and start down the path of negotiating a lease that fits your business model.
Best of all, the service we offer is free to you the business owner.
If you’re ready to make the move into a new salon space, save yourself some headaches by considering these key factors before signing on the dotted line.
Leasing Nail Salon Boutiques… Don’t Lose Money
Austin, Texas is booming right now and there is strong demand for automotive repair services across the city. While this means competition can be fierce for prime properties, it is still possible to secure a decently priced location with the help of a great tenant representative.
So many people enter into commercial leases without understanding CAM, which stands for Common Area Maintenance and refers to extra fees charged to you by the landlord for maintenance on common areas.
Often, landlords try to sneak extra charges in via CAM fees. You also need to be careful that an aggressive increase schedule is not built into the lease. If possible, you should negotiate a ‘CAM stop lease’ which limits or freezes fee increases.
Figuring out CAPEX Responsibilities
Before signing on the dotted line, you need to be 100% clear about your responsibilities when it comes to Capital Expenditures (CAPEX). Many people have been burnt in the past when they are hit with an unexpected bill for HVAC replacement in the building! This is exactly the kind of thing that can sink your business if you are not careful.
Negotiating an Assignable Lease
Our agents always negotiate assignable leases wherever possible – it just makes sense. With this clause in the documents, it allows you to assign the lease to another person or sublet the property under certain conditions.
Having an assignable option is most important if you want to sell in the future. A lot of the value of your business is in its location and with this clause you can guarantee that the location can be transferred to a new owner.
You would be surprised at how many people agree to a commercial lease without negotiating at all. As the renter, you are making a large, long term financial commitment and you should always seek concessions from the landlord in return for this. Most commercial landlords are more than accommodating, but if you don’t ask, you wont get!
Great Retail Tenants
Good neighbors can be a boon to your business, just as bad neighbors can drive people away. Scout locations that have nearby businesses that are complementary to yours. Ultimately, you’re looking for businesses that attract a similar clientele or can be used for cross-promotion.
Salon owners seeking a spot in a commercial plaza or strip mall should attempt to obtain a noncompete clause in the lease. This addition would prevent the landlord from renting space to any other nail salons.
With the help of a commercial real estate agent, you can avoid these common problems and many more.
Set Up Your Nail Salon Lease in The Best Location
If you’re ready to start searching for a new location or you want to add a new location to your automotive business, then the first thing you should do is call us or fill out the contact request form below.
Based on this information, we will work tirelessly to find you the perfect location and ensure that the negotiations result in a good deal for you.
Why would you struggle along looking on your own or waste your time with inexperienced agents when you can work with the best? Use the knowledge and experience of the Commercial Lease Locators team to get a great deal on your next commercial lease.
Start Your Search Today