If you do, you’ll want to make sure that you can keep them happy at your new hair salon. You may find that a less-expensive option is actually a better fit for your small business. What Type of Salon Would You Like to Open?ĭo you want to create a trendy, state-to-the-art hair salon in the busiest neighborhood, or a cozy, small town establishment? This will impact your costs.īefore you pull the trigger on any salon location, think carefully about your clientele, brand image and marketing strategy. Either way, always factor mortgage or rent into your expense budget per month. Make sure to set aside a downpayment if you’re looking to own a salon. While it can be quite expensive to buy your own salon building outright, even with a mortgage (again this varies a lot, depending on location and business size), rent can add up quickly over time, too.ĭo your homework and see what the average rent prices are for businesses in your area. When it comes to salon expenses, this is a big one. Things to Consider Before Planning Your New Salon Business owners will need to consider everything from the salon location, decor, the expense of buying or leasing new salon equipment, staffing needs, as well as any local permits, insurance or zoning for your new business space. What about starting a salon from scratch? This will almost certainly cost more. Before committing to a location, it’s a good idea to do some research and make sure that you’re buying a business that’s actually profitable. Remember that the price of the salon will depend a lot on the location, what condition the property is in, and the equipment that comes with it. Remodelling can cost at least $32,000 on average. These will inevitably add to the cost- you may want to do an updated salon fit-out, rebrand with new marketing, change the decor or just lease some new equipment if things look a bit dated. Although the salon will probably come with equipment, supplies and staff (you may not need to hire anyone new), you’ll likely want to make a few changes in order to make it your own. If, however, you want to build your own salon, this amount can increase to anywhere between $100,000 and $500,000 depending on your business plan and requirements.įor those of us who want to open a salon on a limited budget, buying an existing salon can be a great way to get into business quickly. So, you’ll need to have some money set aside for this. If you’ve decided to purchase an existing salon, you should plan to spend somewhere between $40,000 and $250,000. They’ll also help you to build a solid budget and get an idea of the cost to start.įirst of all, you’ll need to decide whether you want to buy an existing salon and make it your own, or build your own hair/ beauty salon from the ground up. All of these will help you to grow your business. Additional things to consider are staffing, your salons physical location, your advertising / marketing plan and salon booking software to allow clients to self book in those crucial first few weeks. Let’s take a closer look.ĭo you plan to set up a high-end beauty salon and spa with the latest equipment, or is the salon you want a smaller-scale, local hair salon? The type of salon and your business plan will impact your average cost when planning your startup expenses. How much does it cost to open a salon suite? Less than a small salon. How much does it cost to open a small salon? Less than a large one. The cost of opening a salon varies depending on your business plan and goals. ![]() Like any business, you’ll need to do a bit of homework to figure out your startup costs. The truth is that there’s not a single answer to this question. A common question that I often hear is “How much does it cost to open a salon?” Many salon owners struggle to cope up with the right amount when planning their new business.
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