Looking for a trendy and rewarding business idea that has in relation with beauty industry? Consider nail salon business as it is one of the flourishing industries in the present time period. To feel good, looking good is essential and we, the women are always in search of fresh and inventive ways to enhance our external look. Most of us often visit nail salons to have the luxury of manicure and pedicure or sometimes to avail the specialized nail care services to increase the beauty of our hands and legs along with the nails. Hence, in order to simplify the requirements of the nail problems particularly, distinct nail salon business has been established.
The nail salon industry has been expanding at a faster rate, employing 3 million people. As per estimates, the revenue share by this industry is US$8.54 billion which is record-breaking. It has also been ascertained to be an ever-developing industry in the coming era. The nail technicians i.e. either females or males can have the best career opportunity by starting a nail salon business The idea offsetting up this type of business is the best option for any budding entrepreneur as there are very good chances of return on investment.
Why Start a Nail Salon?
A woman always wants to look elegant and stylish as they hate for being shabby at any time of the day. That is why they prefer to keep a well-groomed set of nails. They desire to go for manicure or pedicure services along with the good nail paint colors. All these services can be offered under one shelter i.e. nail salon studio. However, before starting this business, you must get full information about it i.e. how much costs will it require, it should be started on the small scale or large scale, etc. This business is one of the profitable trades in which the investment is less and return is more.
Start-up Costs of Nail Salon Business
The costs of setting up a nail salon business vary according to the place from it get starts. You can begin this business from your home with very less investment because the resources that you require in running this trade are very reasonable to buy. In case, if you want to begin a nail salon mobile business, then you will need around $6,000 to $51,000.
Some people have big investors to invest in their business venture, and then they can open a nail salon in a building but for this, huge investment will be required. In this particular case, the start-up expenses will be comprised of the building, goods, equipment, and marketing.
Prospective Earnings of nail salon owners
The incomes of the nail salon owners will range from $14,000 to $185,000 or more. The earnings will also depend on upon the scope and site of the nail salon. But before starting a nail salon business, the owner also has to fetch some required licenses if they want to run it legally in their state.
Types of Essential licenses
There are few essential licenses and permits that are required if you want to start a nail salon business in your city. If you are not certified or authorized by your state then, it will be advisable to hire a technician who possesses all those licenses. Some of the important licenses are as follows:
- Operator LicenseThe owner of the nail salon should have an operator license issued by the state. In order to obtain this license, the applicant should have a diploma certificate or similar degree, and must complete a minimum of 1,500 hours of beauty college training with a state-permitted facility. The owner also has to pass the operator license test.
- Supplementary LicensesThe owners of the nail salon business who want to lend out their shops to the third party should act in accordance with the supplementary licensing requirements. The owners who belong to these categories should grasp a state-allotted cosmetology certificate also. The aspirants must also pay the valid license fee along with the application.
- Salon LicenseThe location of the nail salon should meet its state zoning necessities in addition to the location criterion defined by the Cosmetology Instruction. The Cosmetology Commission necessitates each single salon to have the required space area for setting up the salon and if they want to have more additional licenses, then the covered area should also have to increase. As soon as the commission finishes the final review and approves the nail salon for operation, the owner can apply for the license for the salon.
Starting a nail salon business might seem to be a simple job, but, without correct guidance, this can turn out to be the complicated issue. So, you must follow all the criteria and requirements that are laid by the government of your state if you want to run this business effectively and successfully. The main aim must be to provide quality service to the clients of your nail salon and maintain a good relationship with them. In fact, you must try to make your customers well satisfied with your services.