If you like dealing with the public and helping to raise people's self-esteem, knowing how to set up a Nail Salon Business Plan.
In addition to being
profitable, another good news is that it is possible to start simply and expand
later. For example, you can set up a home salon, a mobile salon, etc.
Added to this, there
is still the option of segmenting the public, such as setting up a children's Nail
Salon and dedicating itself only to this sector. In other words, the options
are diverse.
But how much would it
cost to take a project like this and make it a reality? What does it take, in
terms of equipment, to set up a simple and cheap Nail Salon? Legally speaking,
what would be the rules that need to be followed?
These and other
questions will be clarified in this article. So, read on and find out all about
this type of business!
Why set up a Nail
Salon?
Before knowing how to
set up a Nail Salon, it is important to check if this segment is worth
investing in. Do you agree?
In other words, even
though the country is going through several crises, the beauty segment is one
of those that manage to keep the public.
This is because,
although factors related to the economy may reduce the frequency of customers
in the salons, services related to self-esteem will always be sought after by
consumers.
How to set up a Nail
Salon from scratch?
With that in mind, how
about now knowing how to set up a Nail Salon and, in this way, undertake in
this sector? See below!
Choose the location
The first step to
knowing how to set up a nail salon business plan is good planning. Thus, the idea is to start by defining the
place of installation of your business.
As mentioned, one of
the advantages of this type of venture is that it can be mounted in your home
or on a mobile base (like a trailer), reducing initial expenses.
Define the services
Once the space has
been defined, it is necessary to choose which services will be offered to
acquire the necessary furniture and equipment later.
It is worth
remembering that a salon can offer basic services, such as men's, women's and
children's haircuts, painting, chemicals, etc., but also services such as
manicures and pedicures, body aesthetics, and bride's day, among others.
It all depends on the
size of the environment and the audience you want to reach.
Equip the space
The assembly of the
structure is another point of the doubt for those looking to know how to set up
a Nail Salon, especially when starting a business. One of the first questions
raised is how many and which furniture to buy.
Here, it is essential
not to invest more than necessary but also as a way to reduce extra expenses.
But, at the same time, avoid purchasing less than your business needs, as this
can create discomfort for you and your customers.
Thus, balance is the
secret to creating an environment that is pleasant to the eyes and, above all,
functional.
Thus, some of the
basic items that every Nail Salon needs to have are:
- cutting chairs;
- chairs, armchairs or sofas for waiting;
- washbasins;
- auxiliary carts;
- mirrors;
- sterilizing ovens;
- professional equipment such as dryer, board, scissors
kit, and cutting machines;
- professional hair products;
- professional makeup products.
It is also worth
remembering that it is important to determine a space to serve as a stock of
products, as well as items of comfort to the public, such as a TV set or sound
system, good ventilation and painting on the walls that contribute to the
feeling of well-being and hygiene.
How much does it
cost to open a Nail Salon?
Knowing this, maybe
your new question is how to set up a simple and cheap Nail Salon, right?
A small space in a
neighborhood without employees can cost approximately $ 10 thousand for
assembly.
Those looking to set
up a medium-sized business with a few employees for services such as manicures
and makeup can spend between $35,000 to $50,000.
Regarding the monthly
costs, it also depends on the size. On average, a Nail Salon with three
employees, plus the owner, can lead to fixed expenses ranging from $7,000 to
$10,000 per month.
This includes costs
such as:
- light;
- Water;
- rent;
- employee salary;
- telephone and internet;
- products;
- equipment maintenance;
- taxes according to the chosen tax framework.
What is the profit
of a Nail Salon?
Like many other
businesses, the profit of a Nail Salon is directly related to expenses
generated by each service, amounts charged for them, also the flow of monthly
customers.
Because of this, it is
not easy to say how much a business in this sector can earn per month. However,
it is possible to guide pricing, an issue that influences your income.
To determine the price
of a service—for example, a cut—you must start by identifying the costs
involved. That is material, light, water, labor, etc.
In general, the
recommendation is to add 80% to 150% of the cost value and, thus, arrive at the
price that will be charged to the customer. However, factors such as salon
location and service complexity also need to be considered.
If you decide to sell
products in your Salon, your profit margin should be between 80% and 120% on
each item sold.
How to legalize a Nail
Salon?
In fact, according to
Maven Business Plans, the USA Support Service for Micro and Small Enterprises,
this is the economic activity with the highest record in the category — 8.1%
according to 2022 data.
For more information
visit https://www.mbplans.com/
However, as far as
taxation is concerned, both can benefit from the Partner Salon Law, which
reduces the taxes owed by this segment.
In a nutshell, the tax
amount paid by the Nail Salon applies only to the owner's share; that is, the
amount transferred to other professionals, such as manicurists, other
hairdressers, etc., is calculated as already withdrawn.
How to start a
salon with little money?
Yes, the investment
will depend on what you have or can get on the market. Remember that starting
with active debt is not always the best alternative. In this case, it is better
to think of a smaller business with fewer activities and expand as revenue
increases.
A partnership can also
be a solution, but we always emphasize that a contract and general alignment of
responsibilities, rights and duties among all partners is necessary. Everything
that is discussed before and after can be charged professionally and legally.
Check credit lines for
micro and small entrepreneurs, but do so with the help of someone who knows
rates, terms, commitments and guarantees. There are excellent cheap credit
opportunities for those who do everything right.
Is delivery Nail
Salon an option?
Delivery modalities
are growing on all business fronts. Therefore, you must think about your
audience, understand their reality, schedules, and availability and draw up a
plan that includes all of this.
It is also very
important in this modality to analyze absolutely everything you will need to
attend at home. For example, you can't order cotton from the customer, right?
For delivery, a
separate structure is required. You cannot compete in terms of time and
structure with the physical business. They are different things and should be
treated as different businesses. The professional in your company who only
delivers delivery should be ready to leave at any time according to the
established schedule. He can't finish a job at the Salon and leave "when
he can" to serve the customer who scheduled the delivery.
Children's Salon,
worth the investment?
Children's salons
usually have a higher cost to operate. Therefore, it is necessary to create a
playful space with toys and attractions where the child feels at ease, relaxed
and excited so that the service can be done.
Basic equipment for
children's Nail Salon
- Chairs and benches with mirrors in lively, colorful and
fun frames;
- washbasins and dryers;
- Scissors, pliers, combs and brushes;
- Equipment for manicure, pedicure and podiatrist;
- Haircut sets such as cape, combs and brushes;
- Tables and chairs for a manicure in smaller sizes made
especially for children;
- TV sets;
- Greenhouses for sterilization, etc.
Professional
training for children's Nail Salon
Professionals working
with children need solid training, agility and resilience. Often the child
fights and sets up a real war in the chair. With psychology, some pleasantries
and the participation of parents, it is possible to transform a tense moment
into a pleasant experience for everyone. The salons dispute the best
professionals in this area as they captivate small customers and their parents.
Promotions:
understanding your customer and offering interesting offers
What is your freest
day at the Salon? Monday? How about creating an exclusive offer for this day?
20%, 30% you choose the percentage and which services are included in it and
disclose. Follow the movement and see if it made sense and if customers started
to frequent your Salon more on Monday. You can also think of packages, such as
four manicures a month for 3. Or a frequent customer, the last one is free if
you get four haircuts a year. Use creativity and listen to the customer. You
can often do informal research and establish the best alternative for your
audience.
And don't forget those
VIP customers who regularly attend your Salon. Why not offer a customer
referral program? Like a mileage program where your customer accumulates points
that can be exchanged for service. There are many alternatives. Choose the one
that best suits your audience and get to work!
Nail Salon: it's
not complicated; it's a business possibility
Knowing how to set up
a Nail Salon can seem a little complicated when we get to the bureaucratic
part.
The good thing is that
you can solve all these issues without leaving your home because opening a
business on the internet is possible and quite fast!
Step by Step for
opening your Nail Salon with reliable accounting
Once you have
understood how to open a Nail Salon, you can check out the Step by Step on how
to open a business with us; we will instruct you on everything you need to
know. Its differential with a reliable accounting is not to fall into the
commonplace and to be recognized as complying with all necessary legal
obligations. That way, you will always have your company within the rules, and
you won't have scares that can even lead to bankruptcy.
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