A fully-stocked salon can meet every possible beauty need, but it doesn’t come cheap for owners. The average total cost of beauty salon equipment is $27,000, which comes on top of budgeted rent, licensing fees, and marketing costs. And even that number fluctuates wildly depending on the equipment quality.
Equipment is a major expense for any business, let alone a salon trying to find its footing or expand its clientele. It’s essential to put some thought into not just what equipment you’re going to need, but into how you intend to buy it. Many beauty salons lease equipment, others buy it outright, and some will seek financing options. As you’re creating a budget, take some time to review the pros and cons of each approach.