The best ways to get funds to open a salon??? -

theprofessional · **The best ways to get funds to open a salon??? -** 12-17-2006, 07:36 PM

From people that have opened a salon or barbershop or know some things about opening a salon, what was the best way to fund the opening of a salon? Do you get a small business loan? Did you save up and if so, how much did you have to save up (Around how much). Did you buy or lease a place? Did the place you get already have equipment in it? I am very interested in knowing

admin · 12-21-2006, 10:20 AM

Good question. I know a lot of young barbers and stylists really don't know the steps on opening their own spot.

sherubshalos · 01-01-2007, 04:10 PM

I was able to use personal funds to purchase a equipment from a salon that was going out of business. I basically took over the existing lease. It is somewhat difficult without a sufficient amount of start-up funds. Things are going great but I am pretty much just keeping the doors open. I have a full time job that I can't seem to get away from right now, which takes away from my available time at the salon. I am also having a hard time finding someone to rent my additional booth to.

MsBonita · 01-03-2007, 08:53 PM

Quote:

Originally Posted by sherubshalos

I was able to use personal funds to purchase a equipment from a salon that was going out of business. I basically took over the existing lease. It is somewhat difficult without a sufficient amount of start-up funds. Things are going great but I am pretty much just keeping the doors open. I have a full time job that I can't seem to get away from right now, which takes away from my available time at the salon. I am also having a hard time finding someone to rent my additional booth to.

I too used personal funds to get my salon up and running. I have a 2 booth salon. 1 booth is occupied by msyelf and the other is rented out. I work outside the salon as well. So therefore if I can not make it to the salon on any given day and the booth renter does not come in my doors are not open. In which I feel it hurts my business. But the booth renter's rent is paying 90% of my lease. Feel like I am caught in between a rock and a hard place. I want to work in there as well as own it.

sherubshalos · 01-03-2007, 11:00 PM

My salon is never open during the day, except for vacation time from my other job. I also get more hang-ups on my answering machine then messages. That being said, I'm too afraid the just quit the full-timejob to promote my business. I'm pretty sure some of my cl ients are tired of waiting for me get to the salon in the later afternoon/evening!