![]() ![]() If you’re looking for an estimate, Iota Communications reported that businesses typically spend $2.10 per square foot on utilities. Utility costs also partly depend on usage, so if you have booth tenants, you should factor utility expenses into the rent you set. Your salon will need the basics like water and electricity, but you’ll also need to factor in business necessities like Wi-Fi, phone, and heating and air conditioning. Industry research suggests that in late 2021, the average US commercial rent was $9.54 per square foot. ![]() But wherever you live, rent is likely to be your biggest salon expense. A large, modern studio in downtown Manhattan will obviously cost more than a modest salon space in a small town. What you pay for rent depends on your location, foot traffic, and the quality of the property. Now, let’s discuss 12 of the most common salon expenses in detail. Long story short, if you own (or rent) a physical salon space, many of your expenses will be associated with the simple reality of owning and maintaining a property. Similarly, if you run a salon where everyone’s a full-time employee, you’ll have more expenses associated with hiring costs, products, HR management, payroll, and training. For instance, if you run a booth rental salon and offer your tenants lots of extras like drinks and snacks, towel laundry service, and Wi-Fi, your costs will be higher when compared to a salon that just offers the basics. For example, if you run a hair salon, you’ll need different products than a nail salon.Įxpenses also vary depending on your business model. The specific expenses of running your salon depend on the services you provide. Learn more What are common monthly salon expenses?
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