The lack of funds to remodel the salon is no one's own problem, and each salon owner will be struggling to balance the costs for remodeling so that it is suitable for the business situation. Here are a few ways that Luxspa thinks can help you remodel your salon while on a budget and still have a chance to replace your old pedicure chairs with new ones.
Think about a suitable finance option if you want to remodel your salon while on a budget
Some pedicure chair dealers often offer customers who want to remodel while on a budget a finance program where they can pay their orders in installments on a monthly basis. At Luxspa, we will need customers to fill in their information in an installment registration form. With this information, the finance company will process and check if the registered business is eligible for an installment loan.
If your application is approved, finance will send you an email with details of the contract terms, interest rates, as well as installment options you can choose from. After agreeing on the option you want, Luxspa's staff will help you finalize your invoice so that it can be sent to the finance company for the next steps. As soon as Luxspa receives the funds from the finance company, you can complete the order and just wait for the chair to be delivered to your salon.
For customers who have owned their salons for more than 4-5 years and have excellent credit & 700 fico+, the finance company can potentially offer additional cash to the customer to go with the financing of their salon equipment. They can use the funds to go towards their remodel to cover costs like construction, supplies, etc..
The cash-out program allows the customer to get an additional 50% amount of of the invoice cost paid out in cash to them.
For example: You purchase $40,000 of pedicure chairs/salon furniture from Lux Spa. The finance company can potentially offer you an additional $20,000 in cash directly payable to them upon closing of the loan.
This benefits the customer with helping to preserve cash flow for the business and retain working capital.
2. Buying pre-owned pedicure chairs (used, refurbished or renewed)
This is also a very popular remodeling solution that many people go for. If you want to remodel your salon while on a budget, consider buying the pre-owned pedicure chairs. Usually, in the pedicure chair market, used chairs are often cheaper than half or even a third of the price of new chairs. This also means that you can save 50%-60% of the regular amount that is usually spent on buying pedicure chairs - which is quite reasonable for those who have a tight budget!
Although used pedicure chairs are often not as beautiful and new as brand-new ones, they can, most of the time, still do their job perfectly well. Used spa chairs are available in 3 main types: used, refurbished, and renewed. Read more about how to distinguish those 3 types of chairs here. You will be able to learn more about which type of pre-owned chairs you should choose to manage to get quality products while being able to remodel your salon while on a budget.
Plus, if you're lucky enough, you can still get pretty new pre-owned pedicure chairs for a fraction of the price. On sites like ghecu.com, and ebay.com, ... different models of pre-owned chairs are newly listed every day. Make sure you visit these sites daily to increase the chance of finding a bargain so that you can remodel your salon while on a budget.
3. Looking for discount deals on special occasions and holidays
At the end of the year, the holidays or remodeling season, you will see a lot of great deals from spa chair companies. This is the time when you can buy a pedicure chair at a great price, especially if you are local, and your old pedicure chair is in good condition. At Luxspa, we take back customers' old pedicure chairs and bring new pedicure ones to your salon for orders from 5 chairs ( and also to locations that are under 13 hours of driving).
Moreover, you will get a certain amount of discount for each old chair that you have. This is a very preferential policy that not many spa chair dealers in the market can offer.
We hope that you have learned a few ways to remodel your salon while on a budget. If you have any questions, please leave a message on our website for support on trade-ins, package deals, and finance options!