We empower beauty industry professionals with financial clarity and confidence. Our expert bookkeeping services are designed to help salons and beauty entrepreneurs streamline their finances so they can focus on running their business. With personalized support and industry-specific expertise, we ensure your financial foundation is strong, allowing your business to grow and thrive.
Let us handle the financials so you can keep growing your salon with confidence
Bookkeeping
Gain peace of mind with our flat-fee bookkeeping services, guaranteed turnaround times, and a monthly financial statement package that is both timely and accurate. Your can count on us to keep your finances in order.
Our turnkey bookkeeping services are designed specifically for the salon industry, providing detailed monthly reports-including income statements, balance sheets, and management reports. Our industry expertise ensures accurate categorization of expenses and revenue, while our multi-step review process guarantees precision and reliability. Our timely turnaround keeps your information and in control of your salon's financial health. Let us handle the numbers so you can focus on growing your business.
Monthly bookkeeping services start at $630 per month.
Succession Planning
At Summit Salon Business Center, we believe it's never too early to plan your exit strategy. Succession planning is key to ensuring your brand's legacy continues with a strong team of leaders who are ready to take the reins. By planning ahead, you protect the value of what you've built, maximize your return, and ensure a smooth transition-so your hard work continues to thrive long after you step away.
Empower your leadership team with the knowledge and tools to navigate the path to ownership. From the valuation process to presenting opportunities to potential shareholders and collaborating with new partners, we offer the tools and support needed to ensure a smooth transition. With our transaction simulator, you can map out shareholder transactions and the mechanics of ownership transition, giving you the confidence to make informed decisions and capitalize on the success you’ve built.
Want to know which valuation package is right for you? Visit our FAQ page to understand why a valuation matters—and find the option that best fits your goals.
Lease Negotiation
There is no substitute for experience. Our consultants have knowledge gained from hundreds of lease negotiations. Get the most out of your lease and your space!
Secure your salon’s future with expert Lease Negotiation support. Whether signing a new lease or renewing an existing one, our consultants—backed by experience from hundreds of negotiations—help you navigate terms that align with your goals and financial success. A lease is one of the most important and costly agreements you’ll ever sign, and missteps can make profitability an uphill battle. Don’t let that happen to you. We’ll guide you every step of the way, ensuring you secure a lease that supports your vision and sets your business up for long-term success.
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Financial Foundations
Take control of your salon’s financial future with expert insights on profitability, budgeting, lease negotiations, and tax strategies. Explore our latest resources to help you maximize revenue, streamline expenses, and build long-term financial stability.
What You Need to Know Before Signing a Lease
Lynn Chisholm
Understanding Tenant Improvement Allowance
When negotiating a commercial lease, one of the most critical aspects to understand is the Tenant Improvement Allowance (TIA). This is the money a landlord offers to help cover the cost of building out or renovating the leased space. However, before getting too excited about this financial incentive, it’s essential to clarify exactly what the landlord is paying for and how it impacts your overall lease agreement.
What is the Landlord Paying For?
If the landlord is offering a Leasehold Improvement Allowance, here are key questions to ask:
- Is the allowance covering the landlord’s required work? If so, there should be an appendix to the lease detailing the division of responsibilities between the landlord and tenant—even if the tenant is handling all the construction work.
- What is included in the build-out? Are there provisions for a ceiling, demising walls, an electrical panel, plumbing stub-ups, HVAC units and distribution? These are typically part of the landlord’s work to ensure the space is in a “vanilla shell” condition, meaning it is move-in ready.
- Is the Tenant Improvement Allowance repayable? A true allowance should not be tied to an amount the tenant must repay in case of default, nor should it factor into the calculation for Basic Rent.
Negotiate Like A Boss
Lynn Chisholm, Salon Leasing Consultant
Lynn Chisholm has dedicated the past thirty years to the commercial real estate industry. She is an authority in lease negotiation, with experience ranging from national, regional, and small, independent clients. In the professional beauty industry, reducing overhead costs is critical. As a leasing consultant with Summit Salon Business Center, Lynn walks through the process step by step with salon owners. Read on to learn Lynn’s tips for smart salon renewal leasing strategy.
A key question to ask yourself eighteen to twenty-four months before your lease expires is, “Do I want to remain in this location?”
If the answer is yes, and you do not have a renewal clause, here is Lynn’s advice: “Without time and negotiation, you will be signing off on the highest rate the landlord offers you. Worst case scenario, you risk losing your space if the landlord chooses not to renew your lease. You may then be scrambling to find a new location. If your lease has already expired and the landlord even allows you to stay until you can move into a new location, they may charge you double the rent until you leave.”
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Taxes: What Salon and Spa Owners Need to Know for 2025
For salon and spa owners, financial management is more than just a year-end concern—it’s an essential, ongoing process that impacts profitability, growth, and long-term sustainability. Tax preparation, while often viewed as a burden, presents an opportunity to assess the financial health of your business, optimize expenses, and plan strategically for the future.
As 2025 approaches, ensuring accurate financial reporting and proper tax compliance should be a priority. A well-structured reporting system not only simplifies tax season but also provides deeper insights into revenue trends, cost efficiencies, and overall business performance. Below, we explore key financial best practices to ensure a smooth and efficient tax process.
The Role of Robust Financial Reporting in Tax Preparation
A primary challenge during tax season is consolidating and verifying financial data, including revenue streams, expenses, and payroll obligations. Inaccurate or incomplete records can lead to reporting errors, missed deductions, and potential compliance risks. To mitigate these challenges, salon and spa owners should implement a structured approach to financial tracking that includes the following:
moreMeet Our Financial Services Team
Meet your team of bookkeeping professionals with elevated salon-specific industry knowledge, here to support you your salons goals
