Do you know the average income of a nail salon owner ranges from $40,000 to $75,000? It's all due to the rapidly growing nail salon industry & increasing demand if getting nail treatments. A nail salon artist can open their own salon in a suitable location with good business skills, but all it takes is an investment. So how much does it cost to open a nail salon?
The average cost of opening a full-fledged nail salon can be around $150,000 & it includes purchasing your own building, its construction, equipment, insurance & all other expenses. However, the cost can go up to even $750,000 to $1 Million, depending on the location & the luxurious experience you will provide.
Let's get to know this topic in detail!
How much does it cost to open a nail salon?
Apart from all the equipment costs, the cost of opening a nail salon varies depending on the location, cost of building & how luxurious you will make your salon. So let's have a look at the cost for all the factors for opening a nail salon:
Building Cost – If you buy your own building, the cost will vary between $75k to $125k for a 1000 sq. ft. salon. However, if you are purchasing an existing salon, then you may need to pay between $40k to $250k depending on the location & business goodwill. You can even rent a salon shop if you want to.
Salon Equipment: The cost of chairs, manicure station, other salon inventory & furniture will cost around $5k to $10k. However, it can go up, depending on the quantity.
Initial Supplies – The initial supplies like nail polishes, shampoos, artificial nail extensions, etc., can cost around $1k to $2k.
Staff Salaries – Staff salaries will take a considerable part of your salon budget. If you hire a nail technician, it will cost $22k to $43k monthly, a receptionist for $17k to $29k. However, if you will do this on your own, then you can save this cost too.
Other miscellaneous expenses- Other expenses like insurance, licenses may cost around $1k to $2k.
Generally, opening a full-fledged salon will cost you between $150,000 and $200,000, depending on the level of luxury you want.
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How much does it cost to start a nail business at home?
Opening a nail salon will be a lot more affordable as you will save the highest cost of renting or buying a salon. Moreover, you will need not hire a nail technician & or receptionist. You are the boss & you are the worker in the nail business at home.
The average cost of opening a nail business at home will be $1400 to $1600. In addition, you need to purchase a manicure station costing between $300 to $400, a pedicure chair for around $300- $1000, drying lamps between $50-$100 & equipment sanitizers for $50-$100.
For just starting salon artists, opening a nail salon at home will be great as it will make your client base & experience.
What do you need to start your own nail business?
The main requirement of opening a nail business has a nail salon license. You should be certified & licensed according to US laws & then you can open a nail salon as per your budget.
Also, you should definitely have some budget to open a salon along with a nail artist license. Moreover, you should complete all the legal requirements before opening a nail salon artist. However, these are not required in the case of opening a nail salon at home.
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How much does a nail salon owner make?
The nail salon industry is growing & it is currently valued at $8 Billion. So surely one can make a good amount of money from a nail salon. The average income of a nail salon owner is between $40,000 to $75,000 per year.
If talking about earning per process, then the manicure typically costs between $15 to $50. Likewise, the pedicures cost between $15 to $75, acrylic set costs $30-$100 & gel nails vary between $45-$75. The price might even increase based on where the salon is located and how much experience the staff has.
So the nail salon business surely pays well.
This was all about the nail salon business costs & the requirements. We hope you found all information you sought. Now help us by commenting your thoughts & suggestions on this article!
Thank you for reading!