Whether you’re scrubbing hair washing sinks, sweeping hair off the floor, wiping the payment desk, polishing mirrors, or simply keeping the bathroom spotless, cleaning must be factored into your salon expenses. It’s boring but true - your salon will need to be kept squeaky clean if you want to impress clients. You can also include items like tea, coffee, bottled water, and snacks in this bucket - whether for employees only or clients too. Average product costs also depend on the services you offer and the products you offer for sale. Product expenses vary the most because you have the freedom to choose the products you want to use. It helps to invest in team management software with a dedicated payroll tool like Homebase so you can track hours accurately, keep data and payments secure, deal with taxes, and pay your employees automatically. Payrollįull-time employees require regular pay, which business owners know quickly becomes much more complicated than a quick pen-and-paper calculation. If you’re looking for an estimate, Iota Communications reported that businesses typically spend $2.10 per square foot on utilities. Utility costs also partly depend on usage, so if you have booth tenants, you should factor utility expenses into the rent you set. Your salon will need the basics like water and electricity, but you’ll also need to factor in business necessities like Wi-Fi, phone, and heating and air conditioning. Industry research suggests that in late 2021, the average US commercial rent was $9.54 per square foot. But wherever you live, rent is likely to be your biggest salon expense. A large, modern studio in downtown Manhattan will obviously cost more than a modest salon space in a small town. What you pay for rent depends on your location, foot traffic, and the quality of the property. Now, let’s discuss 12 of the most common salon expenses in detail. Long story short, if you own (or rent) a physical salon space, many of your expenses will be associated with the simple reality of owning and maintaining a property. Similarly, if you run a salon where everyone’s a full-time employee, you’ll have more expenses associated with hiring costs, products, HR management, payroll, and training. For instance, if you run a booth rental salon and offer your tenants lots of extras like drinks and snacks, towel laundry service, and Wi-Fi, your costs will be higher when compared to a salon that just offers the basics. For example, if you run a hair salon, you’ll need different products than a nail salon.Įxpenses also vary depending on your business model. The specific expenses of running your salon depend on the services you provide. Learn more What are Common Monthly Salon Expenses?
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