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Report Finds that 47% of Salons and Barbershops Could not Afford To Pay October Lease – Business Information

Alignable, a web based community for small companies, issued their October Lease Report. That is primarily based on a ballot of three,181 small enterprise house owners performed by Alignable from 10/8/21 to 10/28/21.

In response to the report, greater than 40% of small companies in key industries weren’t in a position to pay their October lease in full and on time. The highest class for lease delinquency this month is magnificence.

Of the small companies surveyed, 32% have been nonetheless involved in regards to the Delta variant of COVID-19.  Different elements of concern included growing inflation, provide chain points, and the labor scarcity. 

Practically half (47%) of magnificence salons and barbers could not afford their lease, with important percentages of small enterprise house owners within the following industries demonstrating comparable challenges:

  • 42% in building (for the second month in a row)
  • 41% of occasion planners & staffers, together with photographers & videographers (up 6%)
  • 41% of eating places (down 10%)
  • 40% of creatives, together with designers, entertainers & artists (up 9%)
  • 39% within the journey/lodging trade (up 17%)
  • 36% in transportation (up 6%)
  • 33% of shops (down 7%)

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Initially posted on Modern Salon

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