Struggling to Keep Your Salon Start-up Costs in Check? Go Through This
When it comes to styling hair, putting high or low lights or perfecting the art of cutting hair- most of the salon professionals consider themselves to be possessing significant expertise. However, what puts them in a fix is how to have control over their salon costs and polishing its budget.
When you go solo into the salon world as a salon suite owner, your financial health becomes your responsibility. This means making a decision that involves your business planning and budgeting. And the best of us can throw a fit at the piling up of bills that makes us dread being our own boss.
However, all of this can be avoided if you know what you are in for and how much your salon start-up is going to cost.
Actual Costs of Salon a Start-Up
It is imperative that you dissect salon start-up costs from day one so that your business can run smoothly in the long run.
1. Requirements General to all Businesses
Opening a salon suite requires the right set of licenses, and these licenses tend to be quite pricey most of the times. A licensed beautician is a foremost requirement implying that you and all your personnel possess some form of state cosmetology license or has been a part of the accredited beautician program. These licenses need to be posted in your salon premises.
A seller’s permit is required if you plan to feature products at your salon to upsell clients. A license indicating the business registration is also required which needs renewal every year.
Small business insurance acts as a life-saver for salon owners against some liabilities. This is your solution to injuries on-premise, theft, loss of equipment and any other legal occurrences that require insurance.
The Building Costs
Depending upon your desired location, size and your overall aspirations regarding the ambiance of your business, you can reflect on the costs of your salon start-up.
Your salon theme can be a major a factor in attracting potential clients that are your target. This can vary from creating an intimate set-up as that of an upscale boutique, or more of a relaxed environment catering to families. Your clientele should take into account the neighborhood, the competitors in the area and what you have in your mind about your start-up.
Specific Salon Equipment
This remains at the core of your salon services since the right equipment is about finding the balance between spending too little and not enough. Some necessary salon equipment for your salon suite is as follows:
This is required for pre-haircut and post-coloring phases and consist of a bowl and a chair duo.
Consisting primarily of a mirror, storage drawers, tool compartment and an electrical outlet, this is the place where all the magic happens. Depending on your budget, these chairs can be bought separately.
A small front desk and furniture will do for the reception area. This can further be decorated with your retail products which bear a price list of your own. Experts recommend since this is your first impression to your clients make it an affordable and impressive one.
If you are planning to have coloring services, this station cannot be left out. Since the coloring needs heat to set in, drying stations with bulbs are necessary.
2. Reliable Payment System
There is a lot to keep in mind when selecting the payment methods since handling finances are one of your major responsibilities. An ideal payment comprises of:
- Accepts all forms of payment including credit and debit cards
- Possess quick processing time
- Quick to set up and operate
- Has strong security
Grace Williams is a salon suite owner and a part-time blogger who takes a keen interest in coming up with the most affordable ways to start a salon suite business. Through her blogs, she aspires to help every salon suite owner big or small, to make a successful transition into an Affordable Salon Suite.