How much money would be needed to start up a small salon/spa?

  • Thread starter Thread starter ™DIMPLES.
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™DIMPLES.

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Also, does having a business degree help with getting a loan or anything because every small business owner I know never graduated from college.
 
SALON AND SPA IS A WASTE DON'T OPEN THERE ARE TO MANY THESE DAYS AND U WILL GO BANKRUPT AND GOING TAKE TO LONG FOR LOAN
 
Well that depends on what type of product you use and equipment you buy. You can go low end and only need a few thousand or do the right thing and go higher end and pay more but you will make a good name for yourself.
 
Having a degree does zero for being considered a business loan. What really matters is if your business is a "needed" service, in your community. If you live in a rich, or a resort town....your chances of getting approved would be high. Otherwise, find other funding sources. Minimum required start-up for a salon/spa, is about $75,000-$110,000.
 
Associations may be a good avenue to explore. These organizations will address many of the thoughts, questions and concerns you'll inevitably have as well as many you haven't anticipated yet. http://www.ncacares.org/ -- National Cosmetology Associationhttp://www.experienceispa.com/ISPA/ -- International Spa Associationhttp://www.dayspaassociation.com/ -- Day Spa Associationhttp://www.salons.org/index2.html -- The Salon Associationhttp://www.probeautyfederation.org/ -- Professional Beauty Federationhttp://www.naccas.org/ -- The National Accrediting Commission of Cosmetology Arts and Sciences (NACCAS) Research, research, research – this cannot be stressed enough. Read as much as you can about the industry. Here are some book titles that are relevant:* Spa Business Strategies: A Plan for Success by Janet M. D'Angelo* SalonOvations' Day Spa Operations (S Business Series) by Erica Miller* Start Your Own Hair Salon and Day Spa by Eileen Figure Sandlin* 101 Media and Marketing Tips for Salon Owners, Stylists and Managers by Nanette Miner* Successful Salon Management, 5E by Edward Tezak* Beyond Beauty: Cosmetology Business Information and Resources by Janie BuchananThere are plenty of free informational resources out there. Check out these free articles:http://ezinearticles.com/?Making-A-Solid-Spa-Business-Plan&id=110641 – Making a Solid Spa Business Plan by Shaunta Pleasanthttp://ezinearticles.com/?Producing-A-Successful-And-Complete-Salon-Business-Plan&id=110657 – Producing a Successful and Complete Salon Business Plan by Shaunta Pleasanthttp://www.ezinearticles.com/?Buying-Wholesale-Salon-Equipment&id=66927 – Buying Wholesale Salon Equipment by Josh RiversideHope that helps! I wish you much success & happiness in all your ventures!
 
search: Business Empire MagazineIt won't let me put a link but they have a lot of useful information related to business that should answer your questions.
 
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