New start up - please help with costings

[Rebecca.james184]

Hi all, I'm putting together a business plan for a new salon which will provide hair services plus barber services. Would you be be kind enough to post a monthly breakdown of your costs if you are UK based please? Bonus points for East of England. We are new to this but have a very creative vision we're hoping to execute and it includes a salon!
Thanks so much.

 

[ecogloves]

I don't have one for UK, but there are many salon communities here in the USA where owners share their costings, but...

1. Location & Rent​

• Deposit & Rent: $2,000 – $10,000/month (depending on location)
• Utilities: $500 – $1,000/month
• Renovations & Interior Design: $10,000 – $50,000

Tip: Prime locations (e.g., in malls or urban areas) will cost more, but they attract higher foot traffic.

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2. Licenses, Permits, and Insurance​

• Business License: $50 – $400
• Cosmetology/Salon License: $100 – $500
• Insurance (liability, property, worker’s comp): $500 – $2,000 annually
• Signage Permits: $200 – $500

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3. Equipment and Furniture​

• Styling Stations (mirrors, chairs, cabinets): $500 – $2,500 per station
• Wash Stations: $1,000 – $2,500 each
• Dryers and Hair Steamers: $500 – $1,500 each
• Tools (scissors, clippers, etc.): $1,000 – $2,500
• Reception Area (desk, chairs, waiting furniture): $2,000 – $5,000

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4. Inventory and Supplies​

• Initial Product Inventory (shampoos, dyes, skincare): $5,000 – $10,000
• Towels, Capes, and Disposables: $500 – $2,000
• POS System and Software: $500 – $1,500
• Miscellaneous Supplies (cleaning, refreshments, etc.): $300 – $1,000

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5. Staffing Costs​

• Employee Wages: $2,000 – $6,000/month per employee (depending on experience and location)
• Training: $500 – $2,000
• Uniforms (if applicable): $300 – $1,000

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6. Marketing and Branding​

• Website and Branding: $2,000 – $5,000
• Local Ads, Social Media Ads, Flyers: $500 – $2,000
• Grand Opening Event: $1,000 – $5,000

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Total Estimated Costs​

• Low-End: $50,000 – $75,000 (smaller, simple setup)
• Mid-Range: $100,000 – $150,000 (moderate size, urban location)
• High-End: $200,000+ (premium location and design)