If you own a beauty salon, then you are able to draw a salary that ranges from $30,000 to $80,000 per year. Your geographic location and the number of customers you have will greatly impact where you fall in that range. However, day spa owners fall into a pay range of $35,000 to $120,000 per year with smaller day spa owners making anywhere from $80,000 to $100,000 per year.
If your goal is to increase salon sales and make more money with your hair salon, one solution is to turn the salon into a day spa. With this option, you are going to have to make some changes to your business model that will require significant investments in your businesses' future.
What Does A Day Spa Offer?
According to the fashionista.com, services at a day spa usually include hair styling, nail manicures, pedicures, massages and facials. Currently, your hair salon may only offer hair services. While you may do an excellent job of styling and cutting hair, you may not reach your revenue goals if you do not expand your service offering.
What Do You Need To Become A Day Spa?
The three biggest investments you will have when it comes to transitioning from a hair salon to a day spa are location, personnel, and equipment.
MassageTherapy.com helps us to see just how many different elements go into developing your day spa. If your current space is not big enough, then you will either need to remodel or move. No matter what you decide to do with your location, it is recommended that you hire a day spa consultant and day spa designer to develop a space that maximizes your income potential.
The initial investment in converting your salon into a spa will run into the thousands of dollars; a merchant cash advance can help you get the ball rolling. A merchant cash advance will supply the funds you need to find a new spot or remodel the space you have. It will also help you to get the tanning equipment, massage therapy equipment, pedicure chairs and equipment you will need to transform your good business into a great one.
Some Real Numbers
According to entrepreneur.com, your operating costs for your day spa will run around 45 percent of your revenue. A merchant cash advance can also help you to meet those initial operating cost while your business builds momentum. The funding solution can help you meet your expenses as your business becomes profitable.
The financial benefits of transitioning your hair salon into a day spa are significant. In order to make this transition, you will need to invest in your location, equipment, and personnel needs. With a merchant cash advance, you can make your small business dreams come true and enjoy the financial boost that makes the investment worthwhile.
