$10,000 for a room is a bit expensive but considering you get those extra little bits it's not too bad.Sydney prices can be $7000 to $12000 per room to rent for the year. That usually gets you the room, outgoings all paid for, use of toilet and very rarely a kitchen. No secretary, no help at all.So your deal is ok.You can hire a room in Newcastle for about $6,500 per year for the same.
$200 pw is what I negotiatied flat rate - 52 w per yearMore viable than 30% for the weeks that i work :DIf my electricity usage is more than $500per 1/4 then i will need to contribute a proportionI also supply my my own linen, laundering costs, table, oils & all gear, take most own bookings, own insurance & accreditation etcThey supply main street exposure, treatment room,waiting room, small kitchen, heating & cooling,storage space, secretary for taking some new appointments and a few referrals per month
30%! That is soooooo cheap.If your premises looks after most of the ongoing expenses then you are on a cracker of a deal.
Percentage agreements are always fraught with the win-lose mentality. It is a bugger of an arrangement. It is the principle upon which most franchise inventors make their fortune. Often the people who buy the franchise are left with debt, ongoing staffing issues, and overpriced support from franchise headquarters. This is due to the cost of the franchise PLUS the ongoing franchise fees, of up to 10%. The main gripe is; "the harder I work, the more THEY make, from my hard work". This is the same in our industry.Pretend for a moment that you are the main lease holder. They will ask you, "...if you were happy with 30% when you "signed up for the deal", then why now are you dissatisfied?" They will say ... "You knew that it was 30%, you accepted 30%, you paid 30%, but, now, because your earnings have increased you have become dissatisfied with the agreement ?" Perhaps 30% suited you early in the arrangement, when you weren't so busy. If that has changed, or you have had a change of mind, and you have no formal (fixed time frame) agreement, I would certainly be seeking a renegotiation if you feel that you are being duped. You provide great service right ? When you work in this industry, you not only have to earn money, you must also earn; respect, trustworthiness, reliability, to name a few. These are other intangible nuggets that you are 'bringing to the table' when you are negotiating with current or future landlords.In general 30% is good. But, as mentioned it depends on what's included. Inquisitive's deal is good. We'd be interested to hear if that deal was as a result of a negotiation, or a direct offer that came from either party. Would you prefer to pay the main lease holder 10%? Be careful with your answer ... You may need to pay extras like: electricity, water, phone, laundry, supply your own table, a prescribed amount of Public Liability insurance, printing costs, cleaning, rubbish removal, signage, etc ... In fact, I know of a therapist who was charged $2 per shift, on top their rental fee (which was low, at $40/day) for toilet paper ! As one of my mentors often says to me; accept it, change it, or leave it ... that's all there is. You will either: (a) accept the deal as it is - 30%, and get on with life; (b) renegotiate a lower rate or a capped rate (say, $100/day) or a flat rental rate or; (c) find somewhere else to go. They are the options. I earnestly hope it is an easy and fruitful decision that you make. All the best.PS. The deal is .... you must let us know what happens ! ; )
Not knowing any of your circumstances, I agree with inquisitive, make sure you make a list of everything that your "rent" pays for. If you are still thinking you are getting less bang for your buck, check out the other comparable premises and price compare from there.Keep in mind that often if you are paying a percentage of your daily takings, you are often not paying for any holidays/days off which is something else to consider.
All depends on the circumstances. 30% is actually quite cheap.We pay 40% at our clinic but the owners supply - rent - all outgoings (elec, water, rates, insurances, gas, etc) - pay for all oils, waxes, towels and washing - detergents, kitchen stuff, cleaning services - admin staff for 20 hrs per week - all adverts, promosAnd more stuff. Hence all that for 40% is a pretty good deal for me. I walk in, work, go home. Money goes into my bank account at the end of two weeks.You need to consider all this stuff to see if you are getting a good deal or not.
Hello allPlease HelpI am currently paying 30% of my total clients which is getting ridiculous averaging up to $145/day in a small rural town 45 min from a city. I think a Flat rate would be better of maybe ? $100 per day
Rent of Premises costings for a country Remedial/Myotherapy ]Practice
