A fast-growing beauty school is betting its lipstick and mascara on Baltimore. Regency Beauty Institute of Minneapolis has opened a new campus at 8660 Pulaski Highway in Rosedale, with classes to begin in March.
And the company has plans to open more schools in the region, spokesman Paul Kriloff says. The company invests between $750,000 and $1 million in each school, whose sizes range from 6,000 to 7,000 square feet. Kriloff could not say yet where the other new locations will be located.
Regency opened 17 new campuses last year and is counting on similar growth this year. The 50-year-old company currently operates 60 campuses in 17 states.
In choosing a new location, Regency looks for an area where this is strong job demand and skilled faculty that can offer its classes on hair cutting, nail care and skin care. Baltimore offered both, Kriloff says.
"We have been impressed with the caliber of people who have expressed interest in joining our team," he says. The Baltimore school will employ about seven.
Regency chose the Pulaski Highway spot because it is easy for students to get to and is located in a busy neighborhood with a strong retail environment. The 6,400-square-foot Rosedale building is near Route 40 and the Golden Ring Mall Shopping Center.
The school offers 18 to 20 classes a year that cost between $16,000 and $18,000 per year. New full-time classes begin every four weeks while part-time classes begin every eight weeks.
H&R Retail LLC's Geoffrey Mackler brokered the real estate deal locally on behalf of Regency.
Regency will open new campuses this year in Arkansas, Indianapolis and in Manassas, Va.
Source: Paul Kriloff, Regency Beauty Institute
Writer: Julekha Dash