Should You Own or Lease Your Cosmetology School Building

Should you own or lease the building for your cosmetology school? It’s a big decision with long-term financial implications, and in this episode of The Cosmetology School Accounting Podcast, host Desarie Anderson, CPA, breaks it all down. If you’re considering property ownership, there are three essential elements you must have in place before making the leap: ✔ Good Business Records – Lenders and investors want to see well-maintained financials before approving a loan. Are yours in order? ✔ Money in the Bank – Cash flow is key! Learn how to build a real estate readiness fund and ensure you're financially prepared for ownership. ✔ A Solid Commercial Realtor – Not all realtors understand the unique needs of beauty schools. Find out how the right professional can help you secure the perfect property. This episode is packed with practical financial insights, industry-specific advice, and actionable steps to help you prepare for one of the biggest investments in your business. Whether you're ready to buy now or just planning for the future, you’ll walk away with a clear strategy to position your school for long-term success. 🎧 Tune in now to make a smart, financially sound decision about your school’s future! 🔹 Loved the episode? Subscribe, leave a review, and share it with other beauty school owners! 🔹 Need help organizing your finances? Reach out to Desarie for expert guidance tailored to cosmetology schools.