Start up

Costs

The following check list covers the major costs that are likely to be incurred in setting up as a hairdresser. The prices quoted are intended as guidelines only and the check list is not exhaustive. The initial cost to any business is the acquisition of premises which will vary according to location, size and whether they are rented, freehold or leasehold. The cost of refurbishment and compliance with Planning, Fire and Health & Safety regulations should also be considered.

The cost of the main items of business equipment and specialist equipment/licences required for a hairdressing business, based on outright new purchase, is likely to be from around £5,000, depending on the size of the salon and the range of items required.

Some allowance should be made for the cost of such items as printing, stationery, advertising, signs and memberships. (Membership of the National Hairdressers' Federation currently costs £130 per year, which includes legal insurance cover.)

Theft is a potential problem, so the cost of effective security measures should be considered. This might be from £2,000 depending on the range of devices installed.

The price of a suitable vehicle will vary according to the age, make and condition; however, a new small car or van costs from around £8,000.

The New Earnings Survey 2001 quotes average gross weekly wages for hairdressers of £213.90. These are UK averages which will be subject to regional variations.

The cost of engaging professionals such as accountants should be considered, as should any insurance costs. Details of specialist brokers can be obtained from trade journals or trade associations and tailored policies may be available from the large insurers.