Business At A Glance
Startup Costs: $100,000 +
Franchises Available? Yes
Online Operation? No
Business Overview
There are numerous approaches that can betaken when considering starting a hair salon as a new businessenterprise. The first approach is to establish a hair salon thatoperates from a fixed storefront location. The second approach is tostart a mobile hair salon.
Prior to starting a hair salon, consider thefollowing aspects of the business.
- Location. Is there a suitable location available for the business inyour community? Good locations for a hair salon can include a homebased hair salon (providing the proper zoning is in place or can easilybe secured), a busy mall or strip plaza, and the lobby retail area of alarge office building or complex.
- Competition and pricepoint. How much competition is there in the local market, and is thereroom for another hair salon? What is the competition charging forservices? Can a profit or reasonable return on investment beaccomplished?
- Services provided. Will the salon be afull-service hair salon that also provides additional services, such asmanicures and facial treatments? Or will the mainstay of the businessbe haircuts and hair styling? There are also additional considerations,such as staff and certifications. To generate additional revenue andprofits, sell hair care products at the salon. The products can includeshampoos, conditioners and all other related hair care products.
Forthe really innovative entrepreneur: Seek to develop your own hair careproducts line, as there are many manufacturers of hair care productsthat do private label manufacturing. This means that the manufacturerwill place its product in your packaging, under your product name.Private label packaging is a fantastic way to not only give yourbusiness the look of professionalism and success, it’s also a way towholesale your products nationally.