Bplans has you covered. Is your primary concern building a clear roadmap for growth? No two salons are alike. So take the time to create your own financial forecasts and do enough market research so you have a solid plan for success.
It is estimated that there are around , self-employed hairdressers within the UK. Of this number, a good number ply their trade by renting a single chair from an already established salon. This arrangement has dual benefits. Whilst the stylist gains a premise to trade out of, it also affords the salon a passive wage and an option to extend the range of services their salon can offer.
Many salons and barber shops are structured with a booth rent model, this can be a challenging business model, but it can work if you are diligent in modeling your financials to determine your breakeven point for the salon. First, we are going to create sales projections for the Booth Rentals and then sales projections for the Product sales. So I added Booth Rent as a product. You could also choose to add it as a service with a monthly sales cycle, but I chose product.