Your dream of opening a successful salon is about to come true! You've studied hard, trained, saved, and now, the time has come. There is a price tag though, uncover the upfront and hidden costs involved in starting your salon.
Opening the doors to a salon requires a solid business structure and smart investments. Know what to expect, and you can avoid both financial and legal surprises.
In this SalonCA article, you will discover the real costs of opening a salon, what should be included in your budget, and the legal requirements involved in its successful beginning.
Hair Salon Opening Expenses List
Part of opening a successful hair salon or barbershop is the understanding of the expenses involved. The following are standard expenses that new salons will need to consider and plan for in their budget:
Cosmetology Licensing - To open a salon, you must be a licensed cosmetologist. The cost of getting a cosmetology license from a reputable school can range between $10,000 and $20,000.
Rent - Location and square footage will determine the rent for a salon. Expect to see a range from $1,800 to $5,000 per month or more.
Renovations - It is highly unlikely to walk into the perfect setup for your salon. Improvements, installations, or renovations may cost from $5,000 to $15,000.Read More