A number of hairdressing businesses currently for sale over the internet indicate that purchasing a business can cost anywhere between £5,000 and £59,000. As an example, The Cottage Barbers on the outskirts of Birmingham cost the owner Anita Barlow £13,000.
In most hairdressers’ that are up for sale, fixtures and fittings are almost always bought up with the shop itself. If yours is the exception, or you are going to refurbish the place and start again then there are rough guidelines to what you could expect to pay.
Anthony Holland and Romano Zullo of Zullo and Pack in Nottingham have recently had their salon refurbished. Their costs are similar to those that a startup might incur:
For fitting out units, mirror units, partitions and a reception area, it cost them £8,000. Legal costs were £2,000. New flooring cost them £1,500. Signage for their salon was a further £500. It is worth bearing in mind that the design was carried out by a designer from a TV home makeover show and that this is a large city centre business. Smaller local businesses may well be slightly more modest in their spending.
When Linda Heald moved her business into new premises, she spent £1,000 on basic salon fittings and a further £3,000 on chairs and dryers. Having sat down and costed all the equipment she had to buy to fully kit out her salon she found out that it cost her around £1,800.
“You could stagger these costs though and just get essentials and then buy extras as you begin to make a profit. Also, you must remember to set aside money for the taxman right from day one,” she says.
What equipment do you need and how much will it cost?
(Prices provided by Linda Heald, Keeping Up Appearances, Chichester)
|Pair of clippers
Small neck clippers
Set of heated rollers
Hot brushes (one small, one large)
Two pairs of tongs
Infra/Solar (for the bleaching of hair)
Trolley (mid range) for rollers etc
Trolley for tinting/perming equipment
Hydraulic cutting/styling chair
Cups and saucers, tea and coffee etc
Scissors (Mid range – important purchase)
Selection of brushes, combs, clips etc)
Printing of appointment cards (per 1000)
Colours, Shampoos, styling products etc
Record card system
Rollers and perm wave curlers
Two dozen towels
Basin & Backwash chair