The Cost of Opening a Beauty Salon Business
Beauty salon businesses offer services that will never be outdated or go out of style. Furthermore, it does not take years of higher education to run a beauty salon, although an individual will want to get some sort of professional training and a diploma from a well-known beauty school such as Evergreen Beauty College. Following is some important cost related information for those who would like to start a beauty salon.
Estimated Cost of Starting a Beauty Salon Business
The cost of renting a place varies depending on where a person starts his or her business. Some of the many costs involved in starting a salon include:
- getting a business permit
- renting or leasing a shop area
- hiring qualified stylists
- buying beauty equipment
- advertising the new salon
Experts estimate that it costs between $5,000 and $10,000 to start a new salon. This does not include the costs of having to pay for employee salaries, health insurance and other ongoing expenses on a monthly basis.
Starting a Beauty Salon Business at Home
A qualified hair stylist can start a beauty salon business at home. Doing so reduces costs as a person does not have to rent another location, but it does add some new costs and can be a hassle. A person who wants to start an at home business of this nature will need to check into local laws to see if this is permitted in his or her area.
A home salon will also need to have a business license along with all the equipment that a regular salon has. A person who starts a home-based business of this nature should still expect to spend at least $5,000 to start and advertise such a business. If the business grows, then a person will need to hire hair stylists, manicurists, massage therapists and other experts to handle the increased number of clients.
Renting a Chair
Those who are unable to start their own business may want to consider renting a chair from a salon owner. A person who does so only has to pay a certain amount to the salon owner every month; the rest of the money earned goes to his or her own pocket. The costs involved in such a set up are minimal; all an individual needs is a diploma from a beauty college such as Evergreen Beauty College and the willingness to do good work at a reasonable price.
Starting a beauty salon business is doable, but a person should accurately estimate the costs and be sure that he or she can afford to start such a venture. Considering all the venue options is also wise, as the business’ new location will have a large bearing on whether or not it will be successful.
If you want to start your own beauty salon business, you should at least be a qualified hair stylist. Evergreen Beauty College offers beauty courses at affordable rates. In addition to that, they also offer business management courses.