Free Hair and Beauty Salon Sample Business Plan PDF

Author: Elon Glucklich

Elon Glucklich

6 min. read

Updated February 7, 2024

Looking for a free,  downloadable hair and beauty salon sample business plan Word doc  or  PDF  to help you create a business plan of your own? Bplans has you covered.

Keep in mind that you don’t need to find a sample business plan that exactly matches your business. Whether you’re launching an upscale, full-service salon in a bustling city or a neighborhood barbershop, the details will be different, but the bones of the plan will be the same.

Are you writing a business plan for your salon because you’re seeking a loan? Is your primary concern building a clear roadmap for growth? Either way, you’re going to want to edit and customize it so it fits your particular company.

No two salons are alike. Your business model will be different if you’re renting space to independent hairstylists, rather than taking on employees, for example. So take the time to create your own financial forecasts and do enough market research so you have a solid plan for success.

  • What should you include in a hair and beauty salon business plan?

Your hair and beauty salon business plan doesn’t need to be hundreds of pages—keep it as short and concise as you can. You’ll probably want to include each of these sections:

  • Executive summary
  • Company summary and funding needs
  • Products and services
  • Marketing plan
  • Management team
  • Financial plan

One of the things that makes a salon business plan different from some service-based business plans is that you might decide to offer a combination of products and services.

Maybe you’ll sell shampoo, beard oil, or other cosmetics and beauty products, in addition to offering services like haircuts, manicures, or massages. If that’s the case, make sure you include your ideas for upselling products to customers to increase the value of every appointment you book.

Here’s an example of a salon business plan outline.

Hair and beauty salon sample business plan outline.

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  • The 7 elements of an effective hair and beauty salon business plan

1. Executive Summary

The  executive summary  provides a high-level overview of your business plan. It should outline the objectives of your hair and beauty salon, such as to offer high-quality services, to expand the client base, or to break into a new market.

Your salon’s mission statement should describe its purpose and what sets it apart from competitors. For example, you may aim to offer a personalized experience for each customer or provide eco-friendly hair and beauty services.

The keys to success are the factors that will help your salon thrive. These may include a prime location, hiring experienced staff, excellent customer service, or a unique product and service range.

2. Company Summary and Funding Needs

The company summary offers a detailed overview of your salon, including its legal structure , location, and history. Also, it highlights your salon’s funding needs if you are seeking financial support.

Clearly state how much funding you need, what you will use it for, and how it will benefit the salon. For instance, you may need funds to renovate the premises, purchase equipment, or boost marketing efforts.

3. Salon Products and Services

This section should detail the products and services your hair or beauty salon will offer. These may include haircuts, hair treatments, manicures, pedicures, massages, and beauty treatments.

If you plan to retail beauty products such as shampoos, conditioners, or skin care items, include this information too. Highlight any unique services or products that differentiate your salon from competitors.

4. Salon Marketing Plan and Analysis

Your marketing plan should outline the strategies you will use to attract and retain customers. These strategies might include social media advertising, loyalty programs, partnerships with local businesses, and special promotions.

Additionally, you should conduct a thorough market analysis. Understand your target customers, their preferences, and their spending habits. Identify your competitors, their strengths and weaknesses, and how you can differentiate your salon.

5. Salon Management Team

The management team section provides information about the salon’s key personnel. This could include the salon owner, managers, stylists, beauticians, and other staff members. Highlight their roles, responsibilities, qualifications, and experience.

If you plan to rent chairs to independent stylists rather than hiring employees, describe how this arrangement will work and the advantages it offers for your business.

6. Financial Plan and Forecasts

Your financial plan should present detailed financial projections, including revenue, costs, and profitability. Include a cash flow statement, income statement, and balance sheet. This section should clearly demonstrate the salon’s potential profitability and financial viability.

Also, outline your pricing strategy. How have you priced your services and products, and how do these prices compare with competitors? What are your wage costs, and how will they affect your profitability?

7. Appendix

The appendix includes any additional supporting documents that complement your business plan. This might be market research data, lease agreements, employee contracts, or licensing and permit documents.

While not always necessary, the appendix can provide valuable context and proof to support your business plan’s content.

  • Crafting a Successful Salon Business Plan: Key Considerations

Understanding your target clientele’s needs is crucial to writing a hair or beauty salon business plan that you can put into action. To ensure your business plan is the foundation of a growing operation rather than just checking boxes, ask yourself whether you’re taking these considerations into account.

1. Comprehensive Services Offering

In the beauty industry, customer preferences vary significantly, and staying versatile in your offerings can help cater to a broader clientele. Include a wide range of services that cater to different demographics. You may also consider offering unique or specialized services that distinguish your salon from others.

2. Pricing Strategy

Pricing can make or break your salon. Competitive pricing attracts customers, but your pricing should also cover your costs and ensure profitability. Effective market research can help you understand the average cost of services in your area, which you can use to set your prices competitively.

3. Salon Atmosphere

The ambiance of a salon plays a significant role in attracting and retaining customers. Consider factors like décor, cleanliness, and customer service when planning your salon.

4. Staff Training and Expertise

Quality service is crucial in the hair and beauty industry since word-of-mouth exposure from existing clients is a major driver of new business. Investing in ongoing staff training ensures that your team stays updated with the latest trends, techniques, and customer service skills.

5. Digital Presence

Although word of mouth is one business driver, many of today’s customers research online before visiting a salon. Having a strong online presence, including a well-designed website, effective search engine optimization and active social media accounts, can significantly boost your business.

  • Download your free hair and beauty salon sample business plan PDF

Download this  hair and beauty salon sample business plan PDF  for free right now, or visit Bplans’ gallery of more than  550 sample business plans  if you’re looking for more options.

There are  plenty of reasons  salon business owners can benefit from  writing a business plan —you’ll need one if you’re seeking a loan or investment.

Even if you’re not seeking funding, the process of thinking through every aspect of your business will help you make sure you’re not overlooking anything critical as you grow.

Content Author: Elon Glucklich

Elon is a marketing specialist at Palo Alto Software, working with consultants, accountants, business instructors and others who use LivePlan at scale. He has a bachelor's degree in journalism and an MBA from the University of Oregon.

Check out LivePlan

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Table of contents, crafting your waxing salon business plan.

  • 14 May, 2024

waxing salon business plan

Planning Your Waxing Salon Business

Before embarking on the journey of starting a waxing salon business, it is essential to develop a comprehensive business plan. A well-crafted business plan serves as a roadmap, guiding you through the process of launching and running a successful salon. It outlines your salon’s vision, operational strategies, and financial plan, providing a solid foundation for your venture.

Importance of a Business Plan

Creating a business plan is crucial for several reasons. Firstly, it helps establish the identity and direction of your waxing salon. By defining your mission, vision, and values, you can shape your salon’s unique selling proposition and brand positioning in the market. The business plan acts as a blueprint for your salon’s growth and success.

Secondly, a business plan enables you to navigate the competitive landscape. Through market research and analysis, you can identify industry trends, target customer segments, and understand your competitors’ strengths and weaknesses. This information allows you to develop strategies that differentiate your salon and attract a loyal clientele.

Thirdly, a well-structured business plan helps you secure funding for your waxing salon. Investors and lenders often require a comprehensive business plan to evaluate the viability of your venture. By including financial projections, marketing strategies, and operational plans, you can demonstrate the potential profitability and return on investment.

Elements of a Business Plan

A thorough waxing salon business plan should include the following key elements:

Executive Summary : This section provides a concise overview of your salon’s business concept, market positioning, management team, and financial summary. It serves as an introduction to your business plan, capturing the attention of potential investors or lenders.

Company Summary and Funding Needs : This section delves into the details of your waxing salon, providing information about its legal structure, location, target market, and growth plans. It also outlines your funding requirements, including any startup costs, equipment purchases, and working capital needs.

Salon Products and Services : Here, you will describe the range of waxing services your salon will offer. Consider offering comprehensive services that cater to various demographics, as well as unique or specialized services that differentiate your salon from others. Research the average cost of services in your area to set competitive prices that cover your costs and ensure profitability.

Salon Marketing Plan and Analysis : This section outlines your marketing strategies to attract and retain customers. It includes a thorough analysis of your target market, competitor analysis, and a detailed marketing plan that utilizes both online and offline channels to reach your audience. Consider incorporating local SEO strategies and social media engagement to increase visibility and attract customers.

Salon Management Team : Provide an overview of the key members of your management team, highlighting their qualifications and relevant experience. This section demonstrates the expertise and skills that will drive your salon’s success.

Financial Plan and Forecasts : The financial section of your business plan should include revenue projections, startup costs, operating expenses, and expected profitability. Utilize financial forecasting tools to estimate your salon’s financial performance over the next few years. This information is crucial for attracting investors and lenders, as it demonstrates the potential return on investment.

Appendix : Include any supporting documents, such as market research data, permits and licenses, lease agreements, supplier contracts, and other relevant information.

By developing a detailed business plan that encompasses these essential elements, you lay the foundation for a successful waxing salon business. Remember to regularly review and update your plan as your salon evolves and new opportunities arise.

Business Overview

When crafting a waxing salon business plan, it’s essential to provide a comprehensive overview of the business. This section should cover key aspects such as the salon’s design and atmosphere, the waxing services offered, and the pricing structure. By addressing these elements, potential investors and stakeholders can gain a clear understanding of the salon’s unique value proposition.

Salon Design and Atmosphere

The design and atmosphere of a waxing salon play a crucial role in attracting and retaining clients. Creating a welcoming and comfortable environment is essential to ensure a positive experience for customers. The salon’s design should incorporate elements that promote relaxation and cleanliness, such as comfortable seating, soothing lighting, and an organized layout.

Additionally, the atmosphere should reflect the brand identity and target audience. For instance, a salon targeting a younger demographic may opt for a modern and trendy aesthetic, while a more upscale establishment may focus on elegance and luxury. The overall ambiance should align with the salon’s mission and values, creating a memorable and enjoyable experience for clients.

Waxing Services Offered

The range of waxing services offered is a crucial aspect of a waxing salon business plan. It’s important to outline the different types of waxing services available, such as facial waxing, body waxing, or specialty waxing (e.g., Brazilian waxing). Each service should be described in detail, including the techniques used, expected results, and any special considerations or aftercare instructions.

To maximize revenue potential, consider offering a variety of esthetician services alongside waxing, such as facials, chemical peels, or microdermabrasion. This diversification can attract clients seeking specialized skincare treatments and contribute to increased revenue for the salon ( LinkedIn ). Additionally, offering combined packages, such as a haircut and facial package, can further enhance revenue opportunities ( LinkedIn ).

Pricing Structure

Establishing a well-defined pricing structure is essential for a successful waxing salon. The pricing should be competitive within the local market while considering factors such as the quality of service, expertise of estheticians, and the salon’s overall brand positioning. Conducting market research to understand the average pricing in the area can help inform the salon’s pricing strategy.

It’s important to offer pricing options that cater to various client preferences. This can include a tiered pricing structure based on the complexity of the waxing service, such as different rates for basic waxing versus specialty waxing. Additionally, consider offering discounted packages or membership programs for clients who require regular waxing treatments, as this can help foster customer loyalty.

By providing a detailed overview of the salon’s design and atmosphere, the waxing services offered, and the pricing structure, the business plan sets a solid foundation for the success of the waxing salon. This information helps potential investors and stakeholders understand the unique aspects of the business and its potential for growth.

Market Analysis

A comprehensive market analysis is an essential component of any successful waxing salon business plan . Understanding the beauty and personal care market, as well as the competitive landscape, will help you make informed decisions and position your salon for success.

Beauty and Personal Care Market

The beauty and personal care market is a thriving industry with significant growth potential. According to Kadence , the global sales of beauty products are projected to reach $716 billion by 2025. This demonstrates the immense opportunities available within the industry.

In recent years, the beauty industry has witnessed a shift towards inclusivity and diversity. The market has expanded beyond traditional gender norms, with an increased focus on targeting men, non-binary individuals, and individuals of all ages and ethnicities. This inclusive approach has broadened the customer base and opened up new avenues for growth and innovation.

Additionally, there has been a notable increase in male grooming products, with the global beauty and personal care market experiencing a 6.5% growth in this segment in 2020 ( Kadence ). This trend presents an opportunity for waxing salons to cater to male clientele and diversify their customer base.

Competitive Landscape

The waxing industry operates within the broader personal care services sector. According to IBISWorld , the Personal Waxing & Nail Salons industry in the US is highly competitive, with a market share concentration of . The top four companies in the industry generate of industry revenue.

As of , the market size of the Personal Waxing & Nail Salons industry in the US is measured at . The industry is projected to grow over the next five years ( IBISWorld ). The level of competition is overall, but competition is highest among smaller industry players.

To succeed in this competitive landscape, it’s crucial to differentiate your waxing salon by offering unique services, exceptional customer experiences, and a strong brand identity. Conducting a thorough analysis of your competitors will help you identify their strengths and weaknesses, enabling you to position your salon strategically.

By understanding the market trends and competition, you can tailor your marketing strategies, pricing structure, and service offerings to meet the needs and preferences of your target audience. This information will also inform your financial projections and funding sources, ensuring a solid foundation for your waxing salon business.

In the next sections, we will delve into the financial planning aspects of your business and explore effective marketing and growth strategies to help your waxing salon thrive in this competitive market.

Financial Planning

In order to create a successful waxing salon business, it is crucial to have a solid financial plan in place. This section will explore two key aspects of financial planning: revenue projections and funding sources.

Revenue Projections

Revenue projections are an essential component of any waxing salon business plan. These projections provide an estimate of the expected financial outcomes over a period of five years, including revenue, profit margins, and expenditure. By forecasting revenue, salon owners can gauge the financial feasibility of their business and make informed decisions regarding pricing, marketing, and resource allocation.

Creating accurate revenue projections requires careful analysis of various factors, such as the local market, target audience, pricing structure, and anticipated customer volume. It is important to consider both the fixed costs, such as rent, utilities, and insurance, as well as the variable costs, such as product inventory and staff wages. By factoring in these costs, salon owners can determine their break-even point and set realistic revenue goals.

To help with revenue projections, salon owners can consult industry benchmarks and market research to gain insights into the average revenue generated by similar businesses in their area. Additionally, utilizing salon management software or spreadsheet tools can streamline the process of tracking and analyzing financial data.

Funding Sources

When starting a waxing salon business, securing adequate funding is crucial. Funding sources can come from a variety of places, including personal savings, loans, and investments. Determining the right funding sources for your business depends on various factors, such as the initial startup costs, projected revenue, and your personal financial situation.

Some common funding sources for a waxing salon business include:

Personal Savings: Many salon owners choose to fund their business using personal savings. This allows for greater control and avoids the burden of debt repayment. However, it’s important to carefully assess the impact on personal finances and ensure sufficient funds for both business and personal expenses.

Business Loans: Salon owners can explore options for business loans from banks or other financial institutions. These loans can provide the necessary capital to cover startup costs, equipment purchases, and initial operating expenses. It’s important to research and compare different loan options to find the best terms and interest rates.

Investors: In some cases, salon owners may seek investors who are willing to provide capital in exchange for a share of the business. This can be beneficial for accessing larger amounts of funding and leveraging the expertise and network of the investors. However, it’s essential to have a clear agreement and understanding with investors regarding ownership and profit distribution.

Grants and Government Programs: Some grants and government programs are available to support small businesses in specific industries. Researching and applying for these opportunities can provide additional funding or resources.

When seeking funding, it’s important to have a well-prepared business plan, financial projections, and supporting documents to demonstrate the viability and potential return on investment for your waxing salon business.

By carefully considering revenue projections and exploring various funding sources, salon owners can develop a strong financial foundation for their waxing salon business and set themselves up for long-term success.

Market Trends and Strategies

To create a successful waxing salon business, it’s important to stay updated on the latest market trends and develop effective strategies. Two key trends in the beauty industry that can significantly impact your waxing salon are inclusivity and diversity, as well as targeting millennials and Gen Z.

Inclusivity and Diversity in the Industry

The beauty industry has seen a significant shift towards inclusivity and diversity in recent years. It is no longer limited to a specific gender, age group, or ethnicity. Salons are increasingly catering to a wider range of customers, including men, non-binary individuals, and people of all ages and ethnicities. Embracing inclusivity and diversity in your waxing salon can help you attract a diverse customer base and create a welcoming environment for all.

To promote inclusivity and diversity, consider offering a variety of waxing services tailored to different needs and preferences. Train your staff to be knowledgeable and sensitive to the needs of diverse clientele. By providing a safe and inclusive space, you can build a loyal customer base and differentiate your salon from competitors.

Targeting Millennials and Gen Z

Millennials and Gen Z are influential in driving trends and shaping the beauty industry. They are tech-savvy, socially conscious, and highly engaged on social media platforms. To effectively target these demographics, it’s essential to understand their preferences and behaviors.

Engaging with millennials and Gen Z through social media platforms like Instagram, TikTok, and YouTube can significantly boost your salon’s visibility and attract a younger clientele. Consider partnering with influencers or micro-influencers who align with your salon’s values and target audience. These influencers can promote your services, share their experiences, and generate buzz around your salon.

Additionally, offering unique experiences and customization options can appeal to millennials and Gen Z. Consider incorporating innovative techniques, such as organic waxing products, eco-friendly practices, or personalized waxing packages. By staying on top of emerging trends and catering to the preferences of these generations, you can position your waxing salon as a trendy and desirable destination.

Understanding and incorporating these market trends and strategies can give your waxing salon a competitive edge in the industry. By embracing inclusivity and diversity, and effectively targeting millennials and Gen Z, you can attract a broader customer base and enhance your salon’s reputation. Stay tuned to industry developments and adapt your strategies accordingly to ensure the long-term success of your waxing salon business.

Marketing and Growth Strategies

To ensure the success and growth of your waxing salon business, implementing effective marketing strategies is crucial. In today’s digital age, two key strategies that can help attract new clients and expand your reach are local SEO and social media engagement.

Local SEO and Visibility

Utilizing local SEO techniques is essential for attracting new clients to your waxing salon. By optimizing your online presence to appear in local search results, you can effectively target individuals in your area who are actively seeking waxing services. Here are a few strategies to improve your local SEO:

Google My Business : Create a Google Business Profile to ensure your salon appears in Google Maps and local search results. This will provide potential clients with essential information such as your location, contact details, and customer reviews.

Online Directories : List your waxing salon in online directories that focus on local businesses, such as Yelp and Yellow Pages. Ensure that your business information, including your website and contact details, is accurate and up to date.

Keyword Optimization : Incorporate location-specific keywords in your website content, meta tags, and headings to improve your visibility in local search results. For example, include phrases like “waxing salon in [your city]” or “best waxing services near me”.

Online Reviews : Encourage satisfied clients to leave positive reviews on platforms like Google My Business. Reviews not only enhance your local SEO but also build trust among potential clients. Consider offering incentives for customer referrals to further boost your reputation and attract new clients.

Social Media Engagement

Developing a strong social media presence can be a powerful tool for attracting new clients and fostering engagement with your waxing salon. Here are some strategies to effectively engage with your target audience on social media:

Platform Selection : Identify the social media platforms that are most popular among your target audience, such as Facebook, Instagram, TikTok, or YouTube. Maintain an active presence on these platforms and regularly share content that showcases your expertise, educates potential clients, and highlights your salon’s unique offerings.

Visual Appeal : Use high-quality images and videos to showcase your waxing services and create an aesthetically pleasing social media feed. Before-and-after photos, client testimonials, and behind-the-scenes glimpses can captivate your audience and generate interest in your salon.

Educational Content : Share informative content about waxing techniques, aftercare tips, and industry trends. This positions your salon as a knowledgeable authority and helps build trust with potential clients.

Engagement and Interaction : Respond to comments, direct messages, and inquiries promptly and courteously. Engage with your audience by asking questions, running contests or giveaways, and encouraging user-generated content. This fosters a sense of community and loyalty among your followers.

Collaborations and Influencers : Consider partnering with local influencers or beauty bloggers who align with your brand values. Collaborations can help expand your reach and introduce your waxing salon to new audiences.

By implementing these marketing and growth strategies, you can increase the visibility of your waxing salon, attract new clients, and foster long-term relationships with your target audience. Remember to track the effectiveness of your strategies through analytics and make adjustments as needed to optimize your marketing efforts.

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How to successfully start a waxing salon business.

How To Successfully Start a Waxing Salon Business

Creating a business is almost always easier said than done, but anyone can begin with this guide on how to successfully start a waxing salon business. Jump into the hair removal scene and impress clients with one-of-a-kind customer service. Of course, you’ll need to devise a plan before looking into legal requirements and marketing yourself to the public.

Create a Plan

Every thriving business begins with a plan, as this prepares the owner for potential costs while also keeping them organized. Not only that, but a business plan also gives you the chance to set different goals and deadlines.

As you devise your vision, remember to look into both startup and ongoing costs you may encounter. Keep in mind that defining costs requires an in-depth understanding of the industry. You’ll need to cover:

  • Employee wages
  • Supplies and equipment
  • Salon furniture

By looking into these costs, you’ll better know how much money to initially invest in the salon as well as how much to charge per service. 

Deciding on Pricing

Settling on a price can be a bit of a challenge. You need to make a profit to cover supply costs and employee wages, but you can’t overcharge customers. Find out what other spas and salons in your area charge for similar services.

As you narrow your scope, it’s always helpful to have a location and target market in mind since you’ll want to investigate the prices of similar salons.

Think of a Name

Every business needs a name to register and to create customer recognition, so take time to brainstorm if you don’t already have something in mind. Stick to something that’s easy to say  and  remember.

Understand the Industry

Regardless of your demographic, a vast knowledge of the industry keeps success within reach. It always helps to know  how to make waxing more comfortable . Additionally, you should remain aware of new products or tools that help with hair removal.  

Decide On a Target Market

While salons are for everyone, you need to narrow down who you primarily want to market toward, as this helps in deciding on a location as well as what method of marketing would work best. Some tactics may be better than others, depending on your client’s interests and habits.

Scope Out the Perfect Spot

Finding the perfect spot takes time. Remember to decide on a convenient location for people to see and access, so you always have new customers walking into your salon. If you’re having a hard time scoping out the ideal location, then think of your target market and what areas they frequent.

Look Into Legalities

Opening and owning a salon also comes with various legal requirements. For instance, you’ll have to decide on a business structure, and many recommend choosing a corporation or limited liability company (LLC) for legal protection.

Obtain Permits & Licenses

Before you can open your doors, you’ll need a few permits for your space and work. Since the required licenses for small businesses differ from location to location, you should check with your town or city’s office to ensure you fill out all the necessary paperwork.

Like any business within the cosmetics field, you and every working technician need a beautician’s license to work. It’s also a good idea to have a liability waiver for all new clients to fill out before receiving your service.

Get Insurance

Business insurance is important because it can financially protect your spa against vandalism, property damage, or catastrophic events depending on the type you get.

Get a Tax ID

Registering for federal and state taxes is essential, and you’ll have to track revenue, asset costs, and more throughout the year. These are just some of the many things you need to note when tax season rolls around.

Create a Business Account

Since you need to track all business-related expenses, consider opening a separate bank account, and only use that money for your salon. Then, take things a step further by getting a credit card solely for your business. In doing this, you separate business money from your personal funds.

Prepare for Opening Day

Take time to vet all potential candidates as you assemble the perfect team for your salon. Remember to only hire those with a cosmetics license, and make sure your new employees align with the company culture you plan to establish. Ask about each individual’s experience as well as how they’d handle various hypothetical situations.

Stock Up on Supplies

Once you have a location and covered all the legal requirements, it’s time to order supplies to ensure you have what you need on opening day! You’ll need a few salon essentials, like towels and disinfectants, but you also need some beauty supplies. Stock up on necessary goods like:

  • Waxing strips
  • Soft and hard wax
  • Wax heaters
  • Applicators
  • Cosmetic tools

In addition to this, you should purchase comfortable furniture both for the reception space and for client rooms. Experts also recommend having light snacks and beverages for clients to keep them comfortable during their stay.

Shop at Bombshell

Looking for high-quality wax that melts quickly and keeps removal painless? Then shop at Bombshell Wax! We offer wholesale professional wax that’s safe for all skin types, so your clients won’t have to worry about skin allergies when they visit your salon.

Market Your Salon

The final preparation-related step on how to successfully start a waxing salon business is to market yourself; that way, everyone knows who to turn to for hair removal. Begin by creating a website with crucial information:

  • Business name
  • Salon address
  • Forms of contact
  • Services and prices

Additionally, you should have social media accounts and hand out flyers to those passing by the salon. Think about what best caters to your target demographic, as some social media platforms may work better than others. The more you market your salon, the easier it becomes to drive up sales.

Open Your Salon

At long last, it’s time to welcome clients into your salon. On opening day, consider offering promotional prices to intrigue more people. Likewise, post about the big day on all your business’s social media platforms to remind potential customers it’s finally time to book an appointment.

Opening a salon of your own takes time, but in the end, this endeavor is always worth it as you watch your business flourish. After creating a plan and filling out all the required paperwork, purchase quality supplies to keep your clients feeling satisfied. At Bombshell, you can buy  professional waxing supplies  ranging from wax to applicators to melting pots. Begin welcoming clients through your door today!

How To Successfully Start a Waxing Salon Business

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Waxing Business

Back to All Business Ideas

The Ultimate Guide to Opening Your Own Waxing Business

Written by: Carolyn Young

Carolyn Young is a business writer who focuses on entrepreneurial concepts and the business formation. She has over 25 years of experience in business roles, and has authored several entrepreneurship textbooks.

Edited by: David Lepeska

David has been writing and learning about business, finance and globalization for a quarter-century, starting with a small New York consulting firm in the 1990s.

Published on May 9, 2023 Updated on July 3, 2024

The Ultimate Guide to Opening Your Own Waxing Business

Investment range

$6,300 - $53,300

Revenue potential

$65,000 - $540,800 p.a.

Time to build

0 – 3 months

Profit potential

$45,500 - $162,240 p.a.

Industry trend

People of all genders turn to waxing services for body hair removal, whether they go to a waxing salon or an in-home mobile waxing service. Waxing is a huge industry, worth nearly $30 billion, which is indicative of the high demand for body hair removal.

If you want to tap into a profitable industry, you could start your own waxing business and make a good living as an entrepreneur.

But first, you need to have some business knowledge. Fortunately, this step-by-step guide has all the business insights you need to start a successful waxing business.

Looking to register your business? A limited liability company (LLC) is the best legal structure for new businesses because it is fast and simple.

Form your business immediately using ZenBusiness LLC formation service or hire one of the Best LLC Services .

Step 1: Decide if the Business Is Right for You

Pros and cons.

  • Growing market
  • Choose from business model options, mobile or a salon
  • Good profit margins
  • Compete with big salons
  • Investment required

Waxing industry trends

Industry size and growth.

Waxing industry size and growth

  • Industry size and past growth – The U.S. personal waxing and nail salons industry is worth $29.9 billion in 2023 after growing an impressive 8.6% annually for the last five years.(( https://www.ibisworld.com/united-states/market-research-reports/personal-waxing-nail-salons-industry/ ))
  • Growth forecast – The U.S. personal waxing and nail salons industry is projected to grow 1.9% in 2023.
  • Number of businesses – In 2023, 479,103 personal waxing and nail salon businesses are operating in the U.S.
  • Number of people employed – In 2023, the U.S. personal waxing and nail salons industry employs 703,910 people. 

Trends and challenges

Waxing Industry Trends and Challenges

  • The Brazilian wax is still one of the most popular waxing services.
  • More and more men are getting various waxing services, giving waxing businesses a boost.
  • Laser hair removal is a relatively new body hair removal process, and some people are choosing that over waxing.
  • Waxing injuries can occur, which creates liability for waxing businesses.

Demand hotspots

Waxing Industry demand hotspots

  • Most popular states – The most popular states for estheticians are Washington, Maryland, and Connecticut. (( https://www.zippia.com/esthetician-jobs/best-states/ ))
  • Least popular states – The least popular states for estheticians are Indiana, Kentucky, and Nebraska.

What kind of people work in waxing?

Waxing industry demographics

  • Gender – 94% of estheticians are female, while 6% are male. (( https://www.zippia.com/esthetician-jobs/demographics/ ))
  • Average level of education – The average esthetician has a bachelor’s degree.
  • Average age – The average esthetician in the US is 34.9 years old.

How much does it cost to start a waxing business?

If you start a mobile waxing business, you can expect to spend about $6,000 for equipment, supplies, and a van to transport your equipment. Starting a waxing salon can cost $50,000 or more. Costs include the space rental and preparation, and a labor and operating budget. 

You’ll need a handful of items to successfully launch your waxing business, including: 

  • Wax Heaters / Pots
  • Waxing Rollers 
  • Wax Strips 
  • Wax Solvent Cleaner
  • Pre and Post Waxing Oil
  • Tables/Beds
Start-up CostsBallpark RangeAverage
Setting up a business name and corporation$100 - $500$300
Business licenses and permits$100 - $300$200
Insurance$100-$500$300
Website$500 - $1,000$750
Waxing equipment and supplies$3,000 - $10,000$6,500
Salon space rental and preparation$0 - $20,000$10,000
Van for a mobile waxing service - down payment$2,000 - $0$1,000
Sales and marketing budget$500 - $1,000$750
Operating budget$0 - $20,000$10,000
Total$6,300 - $53,300$29,800

How much can you earn from a waxing business?

Waxing Business earning forecast

What you charge for various waxing services may range from $15 for a small area to $300 for a full body wax. These calculations will assume an average price per customer of $50. Your profit margin with a mobile waxing business should be about 70%. 

In your first year or two, you might have 25 customers a week, bringing in $65,000 in revenue. This would mean $45,500 in profit, assuming that 70% margin. 

As you gain traction, you might open a salon and have 200 customers a week, but your labor and operating costs would reduce your profit margin to about 30%. With annual revenue of $540,800, you’d make a tidy profit of $162,240.

What barriers to entry are there?

There are a few barriers to entry for a waxing business. Your biggest challenges will be:

  • Funding the startup costs
  • Competing with established salons

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Step 2: hone your idea.

Now that you know what’s involved in starting a waxing business, it’s a good idea to hone your concept in preparation to enter a competitive market. 

Market research could give you the upper hand even if you’ve got the perfect product. Conducting robust market research is crucial, as it will help you better understand your customers, your competitors, and the broader business landscape.

Analyze your competitors 

Research waxing businesses in your area to examine their services, price points, and customer reviews.

  • Make a list of waxing businesses that offer similar services. 
  • Review your competitors’ services – their features, pricing, and quality – and marketing strategies.
  • Check out their online reviews and ratings on Google, Yelp, and Facebook to get an idea of what their customers like and dislike.
  • Identify your competitors’ strengths and weaknesses. 

This should identify areas where you can strengthen your business and gain a competitive edge to make better business decisions.

Why? Identify an opportunity

You’re looking for a market gap to fill. For instance, maybe the local market is missing a hair removal business that offers laser hair removal as well as waxing, or a waxing business that caters to men.

sample business plan for waxing salon

You might consider targeting a niche, such as Brazilian waxes.

This could jumpstart your word-of-mouth marketing and attract clients right away. 

What? Determine your services

In addition to waxing services for men and women, you could offer other services like manicures and pedicures, facials, and massages.

How much should you charge for waxing services?

Your prices should be based on market prices in your area, but also on your costs.

Once you know your costs, use this Step By Step profit margin calculator to determine your mark-up and final price points. Remember, the prices you use at launch should be subject to change if warranted by the market.

Who? Identify your target market

Waxing appeals to people of all ages and income levels, so you should spread out your marketing to include Tiktok, Instagram, and Facebook.

Where? Choose a waxing business location

In the early stages, you may want to run your business from home if you’re starting as a mobile waxing service. But once you open a salon, you’ll likely need to hire workers for various roles and will need to rent out a salon space. You can find commercial space to rent in your area on sites such as Craigslist , Crexi , and Instant Offices .

When choosing a commercial space, you may want to follow these rules of thumb:

  • Central location accessible via public transport
  • Ventilated and spacious, with good natural light
  • Flexible lease that can be extended as your business grows
  • Ready-to-use space with no major renovations or repairs needed

Waxing Business idea rating

Step 3: Brainstorm a Waxing Business Name

Here are some ideas for brainstorming your business name:

  • Short, unique, and catchy names tend to stand out
  • Names that are easy to say and spell tend to do better 
  • Name should be relevant to your product or service offerings
  • Ask around — family, friends, colleagues, social media — for suggestions
  • Including keywords, such as “waxing” or “body hair removal”, boosts SEO
  • Name should allow for expansion, for ex: “AllureAesthetics Hub” “GlowGrove Beauty Labs” over “SmoothSilk Wax Studio” or “BareBliss Waxworks”
  • A location-based name can help establish a strong connection with your local community and help with the SEO but might hinder future expansion

Once you’ve got a list of potential names, visit the website of the US Patent and Trademark Office to make sure they are available for registration and check the availability of related domain names using our Domain Name Search tool. Using “.com” or “.org” sharply increases credibility, so it’s best to focus on these. 

Find a Domain

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Finally, make your choice among the names that pass this screening and go ahead and reserve your business name with your state, start the trademark registration process, and complete your domain registration and social media account creation. 

Your business name is one of the key differentiators that sets your business apart. Once you pick a name, reserve it and start with the branding, it’s hard to switch to a new name. So be sure to carefully consider your choice before moving forward.

Step 4: Create a Waxing Business Plan

Here are the key components of a business plan:

what to include in a business plan

  • Executive Summary: Provide a concise summary of your business plan, highlighting your goals and the unique aspects of your services.
  • Business Overview: Describe the nature of your waxing business, specifying the types of waxing services you’ll offer, such as facial waxing or body waxing.
  • Product and Services: Detail the specific waxing treatments and packages you’ll provide, emphasizing any specialty services like Brazilian waxing or eyebrow shaping.
  • Market Analysis: Analyze the local market for waxing services, considering factors like customer demand, pricing trends, and potential competitors.
  • Competitive Analysis: Identify other waxing salons in your area, highlighting your salon’s competitive advantages, such as quality of service, pricing, or convenient location.
  • Sales and Marketing: Explain your strategies for attracting clients, including advertising, promotions, and building customer loyalty through excellent service.
  • Management Team: Introduce key team members, such as estheticians and front desk staff, emphasizing their qualifications and expertise in the beauty industry.
  • Operations Plan: Outline the daily operations of your waxing salon, covering everything from appointment scheduling and client consultations to hygiene and safety protocols.
  • Financial Plan: Present financial projections, including startup costs, expected revenue, and profitability estimates based on pricing, customer volume, and recurring business.
  • Appendix: Include any relevant licenses or certifications needed to operate a waxing salon, as well as product information and details about your salon’s location and interior.

If you’ve never created a business plan, it can be an intimidating task. You might consider hiring a business plan specialist to create a top-notch business plan for you.

Step 5: Register Your Business

Registering your business is an absolutely crucial step — it’s the prerequisite to paying taxes, raising capital, opening a bank account, and other guideposts on the road to getting a business up and running.

Plus, registration is exciting because it makes the entire process official. Once it’s complete, you’ll have your own business! 

Choose where to register your company

Your business location is important because it can affect taxes, legal requirements, and revenue. Most people will register their business in the state where they live, but if you are planning to expand, you might consider looking elsewhere, as some states could offer real advantages when it comes to waxing businesses. 

If you’re willing to move, you could really maximize your business! Keep in mind, it’s relatively easy to transfer your business to another state. 

Choose your business structure

Business entities come in several varieties, each with its pros and cons. The legal structure you choose for your waxing business will shape your taxes, personal liability, and business registration requirements, so choose wisely. 

Here are the main options:

types of business structures

  • Sole Proprietorship – The most common structure for small businesses makes no legal distinction between company and owner. All income goes to the owner, who’s also liable for any debts, losses, or liabilities incurred by the business. The owner pays taxes on business income on his or her personal tax return.
  • General Partnership – Similar to a sole proprietorship, but for two or more people. Again, owners keep the profits and are liable for losses. The partners pay taxes on their share of business income on their personal tax returns.
  • Limited Liability Company ( LLC ) – Combines the characteristics of corporations with those of sole proprietorships or partnerships. Again, the owners are not personally liable for debts.  Here’s how to form an LLC .
  • C Corp – Under this structure, the business is a distinct legal entity and the owner or owners are not personally liable for its debts. Owners take profits through shareholder dividends, rather than directly. The corporation pays taxes, and owners pay taxes on their dividends, which is sometimes referred to as double taxation.  Read how to start a corporation here .
  • S Corp – An S-Corporation refers to the tax classification of the business but is not a business entity. An S-Corp can be either a corporation or an LLC , which just need to elect to be an S-Corp for tax status. In an S-Corp, income is passed through directly to shareholders, who pay taxes on their share of business income on their personal tax returns.

We recommend that new business owners choose LLC as it offers liability protection and pass-through taxation while being simpler to form than a corporation. You can form an LLC in as little as five minutes using an online LLC formation service. They will check that your business name is available before filing, submit your articles of organization , and answer any questions you might have. 

Form Your LLC

Choose Your State

We recommend ZenBusiness as the Best LLC Service for 2024

sample business plan for waxing salon

Step 6: Register for Taxes

The final step before you’re able to pay taxes is getting an Employer Identification Number , or EIN. You can file for your EIN online or by mail or fax: visit the IRS website to learn more. Keep in mind, if you’ve chosen to be a sole proprietorship you can simply use your social security number as your EIN. 

Once you have your EIN, you’ll need to choose your tax year. Financially speaking, your business will operate in a calendar year (January–December) or a fiscal year, a 12-month period that can start in any month. This will determine your tax cycle, while your business structure will determine which taxes you’ll pay.

sample business plan for waxing salon

The IRS website also offers a tax-payers checklist , and taxes can be filed online.

It is important to consult an accountant or other professional to help you with your taxes to ensure you are completing them correctly.

Step 7: Fund your Business

Securing financing is your next step and there are plenty of ways to raise capital:

types of business financing

  • Bank loans: This is the most common method but getting approved requires a rock-solid business plan and strong credit history.
  • SBA-guaranteed loans: The Small Business Administration can act as guarantor, helping gain that elusive bank approval via an SBA-guaranteed loan .
  • Government grants: A handful of financial assistance programs help fund entrepreneurs. Visit Grants.gov to learn which might work for you.
  • Friends and Family: Reach out to friends and family to provide a business loan or investment in your concept. It’s a good idea to have legal advice when doing so because SEC regulations apply.
  • Crowdfunding: Websites like  Kickstarter  and  Indiegogo  offer an increasingly popular low-risk option, in which donors fund your vision. Entrepreneurial crowdfunding sites like  Fundable  and  WeFunder  enable multiple investors to fund your business.
  • Personal: Self-fund your business via your savings or the sale of property or other assets.

Bank and SBA loans are probably the best option, other than friends and family, for funding a waxing business. You might also try crowdfunding if you have an innovative concept.  

Step 8: Apply for Business Licenses and Permits

Starting a waxing business requires obtaining a number of licenses and permits from local, state, and federal governments.

Your state may require licenses for your estheticians and for your salon. Check with your state for requirements. 

Federal regulations, licenses, and permits associated with starting your business include doing business as (DBA), health licenses and permits from the Occupational Safety and Health Administration ( OSHA ), trademarks, copyrights, patents, and other intellectual properties, as well as industry-specific licenses and permits. 

You may also need state-level and local county or city-based licenses and permits. The license requirements and how to obtain them vary, so check the websites of your state, city, and county governments or contact the appropriate person to learn more. 

You could also check this SBA guide for your state’s requirements, but we recommend using MyCorporation’s Business License Compliance Package . They will research the exact forms you need for your business and state and provide them to ensure you’re fully compliant.

This is not a step to be taken lightly, as failing to comply with legal requirements can result in hefty penalties.

If you feel overwhelmed by this step or don’t know how to begin, it might be a good idea to hire a professional to help you check all the legal boxes.

Step 9: Open a Business Bank Account

Before you start making money, you’ll need a place to keep it, and that requires opening a bank account .

Keeping your business finances separate from your personal account makes it easy to file taxes and track your company’s income, so it’s worth doing even if you’re running your waxing business as a sole proprietorship. Opening a business bank account is quite simple, and similar to opening a personal one. Most major banks offer accounts tailored for businesses — just inquire at your preferred bank to learn about their rates and features.

Banks vary in terms of offerings, so it’s a good idea to examine your options and select the best plan for you. Once you choose your bank, bring in your EIN (or Social Security Number if you decide on a sole proprietorship), articles of incorporation, and other legal documents and open your new account. 

Step 10: Get Business Insurance

Business insurance is an area that often gets overlooked yet it can be vital to your success as an entrepreneur. Insurance protects you from unexpected events that can have a devastating impact on your business.

Here are some types of insurance to consider:

types of business insurance

  • General liability: The most comprehensive type of insurance, acting as a catch-all for many business elements that require coverage. If you get just one kind of insurance, this is it. It even protects against bodily injury and property damage.
  • Business Property: Provides coverage for your equipment and supplies.
  • Equipment Breakdown Insurance: Covers the cost of replacing or repairing equipment that has broken due to mechanical issues.
  • Worker’s compensation: Provides compensation to employees injured on the job.
  • Property: Covers your physical space, whether it is a cart, storefront, or office.
  • Commercial auto: Protection for your company-owned vehicle.
  • Professional liability: Protects against claims from a client who says they suffered a loss due to an error or omission in your work.
  • Business owner’s policy (BOP): This is an insurance plan that acts as an all-in-one insurance policy, a combination of the above insurance types.

Step 11: Prepare to Launch

As opening day nears, prepare for launch by reviewing and improving some key elements of your business. 

Essential software and tools

Being an entrepreneur often means wearing many hats, from marketing to sales to accounting, which can be overwhelming. Fortunately, many websites and digital tools are available to help simplify many business tasks.  

You may want to use industry-specific software, such as Vagaro , MarketBox , or Salon Management , to manage your bookings, customers, and payments.

  • Popular web-based accounting programs for smaller businesses include Quickbooks , Freshbooks , and Xero . 
  • If you’re unfamiliar with basic accounting, you may want to hire a professional, especially as you begin. The consequences for filing incorrect tax documents can be harsh, so accuracy is crucial.

Create a website

Website development is crucial because your site is your online presence and needs to convince prospective clients of your expertise and professionalism. You can create your own website using services like WordPress, Wix, or Squarespace . This route is very affordable, but figuring out how to build a website can be time-consuming. If you lack tech-savvy, you can hire a web designer or developer to create a custom website for your business.

Your customers are unlikely to find your website, however, unless you follow Search Engine Optimization (SEO) practices. SEO will help your website appear closer to the top in relevant search results, a crucial element for increasing sales. 

Make sure that you optimize calls to action on your website. Experiment with text, color, size, and position of calls to action such as “Book Now”. This can sharply increase purchases. 

Here are some powerful marketing strategies for your future business:

  • Social Media Flash Specials: Leverage the power of social media by offering flash specials exclusively to your followers, creating urgency and driving immediate bookings.
  • Client Loyalty Programs: Implement a loyalty program rewarding clients for repeat visits, encouraging customer retention and word-of-mouth referrals.
  • Educational Content: Create informative content about the benefits of waxing, debunking myths, and providing aftercare tips on platforms like Instagram and YouTube to position yourself as an expert.
  • Partnerships with Local Gyms or Spas: Forge partnerships with local fitness centers or spas to cross-promote services, tapping into their customer base for potential clients.
  • Seasonal Promotions: Introduce seasonal promotions, such as “summer-ready” packages or holiday-themed discounts, aligning your services with the current needs and trends.
  • Mobile Waxing Services: Offer on-site services for events, weddings, or busy professionals, bringing the convenience of waxing to your clients’ doorstep.
  • Referral Discounts: Encourage clients to refer friends by offering discounts for both the existing and new clients, creating a network of satisfied customers.
  • Google My Business Optimization: Optimize your Google My Business profile with accurate information, high-quality images, and client reviews to enhance your local search visibility.
  • Specialized Packages for Men: Create tailored packages for men, tapping into an underserved market and breaking down stereotypes about male grooming.
  • Community Sponsorships: Sponsor local events or sports teams to increase brand visibility within the community, fostering a positive reputation for your waxing business.

Focus on USPs

unique selling proposition

Unique selling propositions, or USPs, are the characteristics of a product or service that sets it apart from the competition. Customers today are inundated with buying options, so you’ll have a real advantage if they are able to quickly grasp how your waxing business meets their needs or wishes. It’s wise to do all you can to ensure your USPs stand out on your website and in your marketing and promotional materials, stimulating buyer desire. 

Global pizza chain Domino’s is renowned for its USP: “Hot pizza in 30 minutes or less, guaranteed.” Signature USPs for your waxing business could be:

  • Safe and convenient waxing services for men and women
  • Hair removal in the comfort of your home
  • Need a same day appointment? Give us a call

You may not like to network or use personal connections for business gain. But your personal and professional networks likely offer considerable untapped business potential. Maybe that Facebook friend you met in college is now running a waxing business, or a LinkedIn contact of yours is connected to dozens of potential clients. Maybe your cousin or neighbor has been working in waxing businesses for years and can offer invaluable insight and industry connections. 

The possibilities are endless, so it’s a good idea to review your personal and professional networks and reach out to those with possible links to or interest in waxing. You’ll probably generate new customers or find companies with which you could establish a partnership. 

Step 12: Build Your Team

If you’re starting out small as a mobile service, you may not need any employees. But as your business grows and you open a salon, you will need workers to fill various roles. Potential positions for a waxing business include:

  • Estheticians – perform waxing services
  • Receptionist – greet customers, take calls, make appointments
  • Marketing Lead – create and implement marketing strategies
  • General Manager – scheduling, accounting

At some point, you may need to hire all of these positions or simply a few, depending on the size and needs of your business. You might also hire multiple workers for a single role or a single worker for multiple roles, again depending on need. 

Free-of-charge methods to recruit employees include posting ads on popular platforms such as LinkedIn, Facebook, or Jobs.com. You might also consider a premium recruitment option, such as advertising on Indeed , Glassdoor , or ZipRecruiter . Further, if you have the resources, you could consider hiring a recruitment agency to help you find talent. 

Step 13: Start Making Money!

Waxing is an in-demand service, as evidenced by the size of the market and its recent growth. By starting your own waxing business, you’ll be serving that demand and making a good living. Whether you start a mobile service or a salon, you’ll have great profit potential and an opportunity to grow your business.

Now that you understand the business, you’re ready to get your successful waxing business going!

  • Waxing Business FAQs

A waxing business can be profitable, as it offers a specialized service that is in demand by many people. With proper marketing, competitive pricing, excellent service quality, and a loyal customer base, a waxing business has the potential to generate consistent revenue and profit.

During a typical day at a waxing business, estheticians perform various waxing treatments for clients. This involves preparing the treatment area, sanitizing equipment, and using high-quality waxing products to remove unwanted hair from different parts of the body. Estheticians also provide aftercare instructions and ensure a comfortable and hygienic environment for clients.

A waxing business is a type of personal care service that specializes in hair removal using waxing techniques. This business typically offers services such as eyebrow shaping, leg waxing, bikini waxing, Brazilian waxing, and more.

Yes, it is possible to start a waxing business on the side, depending on your local regulations and personal circumstances. Starting a business on the side means that you would be running the waxing business while also maintaining your primary job or other commitments.

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  • Decide if the Business Is Right for You
  • Hone Your Idea
  • Brainstorm a Waxing Business Name
  • Create a Waxing Business Plan
  • Register Your Business
  • Register for Taxes
  • Fund your Business
  • Apply for Business Licenses and Permits
  • Open a Business Bank Account
  • Get Business Insurance
  • Prepare to Launch
  • Build Your Team
  • Start Making Money!

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How to Start a Profitable Waxing Business [11 Steps]

Business steps:, 1. perform market analysis., are waxing businesses profitable, 2. draft a waxing business plan., how does a waxing business make money, 3. develop a waxing brand., how to come up with a name for your waxing business, 4. formalize your business registration., resources to help get you started:, 5. acquire necessary licenses and permits for waxing., what licenses and permits are needed to run a waxing business, 6. open a business bank account and secure funding as needed., 7. set pricing for waxing services., what does it cost to start a waxing business, 8. acquire waxing equipment and supplies., list of software, tools and supplies needed to start a waxing business:, 9. obtain business insurance for waxing, if required., 10. begin marketing your waxing services., 11. expand your waxing business..

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The Ultimate Guide to Opening Your Own Waxing Business

Waxing business

In recent years, the personal grooming industry has witnessed a surge in demand for professional waxing services. This increasing popularity has presented a lucrative opportunity for aspiring entrepreneurs looking to establish their own waxing business. Opening a waxing salon can be a rewarding venture, but it requires careful planning, attention to detail, and a strong commitment to providing exceptional services. In this article, we will explore the essential steps involved in starting your own waxing business and setting it up for success.

1. Research and Market Analysis

Before embarking on any business venture, thorough research and analysis are crucial. Familiarize yourself with the waxing industry, current trends, and consumer preferences. Identify your target market and competition in the area where you plan to open your salon. Understanding the demand, competition, and potential profitability will help you make informed decisions throughout the process.

2. Develop a Business Plan

A well-crafted business plan is the foundation for a successful waxing business. It should outline your goals, target market, marketing strategies, pricing structure, financial projections, and operational details. A business plan also plays a vital role in securing funding from potential investors or financial institutions.

3. Choose a Strategic Location

4. obtain necessary licenses and permits:.

Ensure you comply with all legal requirements to operate a waxing business. Obtain the necessary licenses and permits from local authorities. This may include a cosmetology or esthetician license, a business license, health department permits, and insurance coverage. Complying with regulations demonstrates professionalism and ensures the safety and well-being of your clients.

5. Set Up Your Salon Space

Create a welcoming and comfortable ambiance for your clients. Design an appealing interior that reflects your brand and fosters a relaxing environment. Invest in high-quality equipment, such as waxing beds, wax warmers, sterilization tools, and comfortable seating. Additionally, stock up on high-quality waxing products and ensure your salon meets all hygiene and safety standards.

6. Hire and Train Skilled Staff

Employ experienced and well-trained estheticians who possess a strong understanding of waxing techniques and customer service. Provide thorough training on proper sanitation practices, waxing procedures, and client communication. Exceptional service and a friendly, professional approach will help build a loyal customer base.

7. Marketing and Promotions

Develop a comprehensive marketing strategy to promote your waxing business. Utilize both online and offline channels, including social media platforms, local advertising, partnerships with complementary businesses, and word-of-mouth referrals. Offer attractive introductory packages or loyalty programs to attract new customers and encourage repeat business.

8. Focus on Customer Satisfaction

Customer satisfaction is paramount in the service industry. Strive to create a positive experience for each client by providing personalized treatments, maintaining a clean and hygienic environment, and offering excellent customer service. Listen to feedback and continuously improve your services based on customer preferences.

9. Marketing and Promotions

Stay updated with the latest waxing techniques, trends, and industry developments. Attend workshops, conferences, and trade shows to expand your knowledge and skills. Consider offering additional services or introducing innovative treatments to cater to evolving customer demands.

10. Focus on Customer Satisfaction

Nurture relationships with your clients and make them feel valued. Engage with them through social media platforms, email newsletters, and personalized offers. Encourage clients to provide testimonials and reviews to showcase the quality of your services and use positive feedback to build credibility and attract new customers.

11. Choose high-quality wax! Cirépil by Perron Rigot, creator of the original BLUE wax offering superior efficiency and effectiveness!

Opening your own waxing business can be an exciting and profitable venture if approached with careful planning and attention to detail. By conducting thorough market research, developing a solid business plan, creating a welcoming ambiance, and providing exceptional customer service, you can establish a successful waxing salon that stands out in the competitive market. Embrace ongoing education, adapt to changing trends, and continually prioritize customer satisfaction to ensure long-term success in this booming industry.

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  • All Blog Posts
  • June 7, 2022

How to Create a Business Plan for Your Salon & Spa

A business plan for your salon & spa is crucial to plan for success. A business plan will help you to determine what you want your salon & spa to offer, where you want to take your salon’s growth, boost your salon & spa business’s productivity, direction, and help you make informed decisions. 

If you go the route of having business loans, grants, or investors, a business plan is necessary in order to show your plan to receive the financing. 

How do you start writing your business plan? While you may have had the dream of what you want out of your salon and spa for many years, it’s time to get them down on paper. 

Start with a mission statement. This is the immediate purpose of your salon business and goals within the next year. What is the value of YOUR salon & spa? Why would people come to your salon & spa over others? 

Next, begin the executive statement. Here you will clarify what you’re aiming to achieve with your salon & spa. This is the most important section of your business plan. Include goals, value proposition and divide your statement into sections of opportunity, financial expectations, and intentions of the salon and spa. Be concise in this statement, as you will go into further detail later in the business plan. 

Identify your target market. Salons and spas service all genders and age groups. Your target audience can include working professionals, college students and teenagers, homemakers, to-be-Brides, and even children. Each group may have different types of services. So make sure you list down each individual section of your target market and what services they would require. 

Take a look at what your competitors are doing. See what other salons and spas are doing and see if there are any opportunities to offer something not already being offered. Also look at the price point of other salons and spas in your target market. You don’t want to price yourself out of your market right out of the gate. 

Next, is your business description. The services your salon & spa will offer, packages, theme and/or ambiance of your salon & spa, and your logo! 

Make a plan for advertising. Make sure your business is listed in online directories, create a website and/or a mobile application, and streamline all social media outlets (having the same name for all outlets is a major plus). 

Last, determine your financial plan. Set prices for services, evaluate fixed costs (rent, mortgage, payroll), and variable costs (supplies, electricity). Set sales and revenue projections, expense budget, profit margins, and liabilities. Determine your cash flow statement and break even analysis. While coming up with your financial plan, it may get overwhelming. You can always reach out to professionals to assist.

Complete Guide: How To Open a Salon & Spa

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sample business plan for waxing salon

How to Start a Waxing Salon Business

Waxing Salons have become increasingly popular in the U.S. Turns out body waxing is quickly going mainstream for all genders and ages. As a result, this year, 304,333 waxing salons were reported across the country with an annual growth of 6.9% (according to IBIS World). 

Table of Contents

If you are looking to start a waxing salon business, you need to be ahead of the competition. Overall, venturing into this kind of business requires eight crucial steps: 

1. Conducting Market Research 

4. Obtaining the necessary permits, licenses, and policies

8. Marketing & Advertising 

Conducting Market Research 

This should always be the first thing you do before starting any type of business venture. But, within the salon industry, it is absolutely necessary!

But you cannot stop there. You need to dig deeper and analyze:

By doing this, you will have a better understanding as to what to expect and will be able to create a successful business plan based on the information you gathered. 

Developing a Business Plan 

The next step will be developing a comprehensive business plan. It may seem overwhelming, but trust me, there is no mystery behind it! A business plan is just a written document that explains what your business is, where you want it to go, and how you will get there. 

A good business plan will consider four things:

Forming a legal entity.

Once you have registered your company, you will need to obtain an Employer Identification Number (EIN), also known as a tax ID. Keep in mind that, generally, you won’t be able to operate before getting it. Thus, the fastest and most straightforward way to obtain an EIN is to apply directly using the  IRS website .

Lastly, you will need to open a business bank account. Tracking your expenses and income sources is critical to comprehend your salon’s financial performance. Besides, it will considerably simplify the tax filing process. 

Obtaining the necessary permits, licenses, and policies

Like any other business, you will need to procure several permits before you can start operating. As a rule of thumb, you will need a business license and a resale permit (if you are planning on selling beauty products). 

Nonetheless, waxing salons required additional permits. The number of documents needed will vary depending on your location and the scope of services you offer. However, almost every territory requires you to have a Cosmetology or Beautician’s License. 

Keep in mind that all employees who provide waxing services must have valid professional licenses and that these need to be displayed for inspectors and clients to see. Also, note that permits tend to expire after two years, and hence, you would need to renew them continually.

The Commercial General Liability policy is the most important. Remember working with wax is a tricky and delicate thing — and this will protect you (and your business) from third-party bodily injury, property damage, and theft on your premises. 

5 Best Nail Salon POS Systems.

Choosing a place .

There are many things you need to consider when selecting the perfect place to establish your waxing salon. These include space requirements, location, and price.

Additionally, you must secure a good location. Consider highly populated areas near to restaurants and other retail businesses, as this will organically drive traffic to your salon. Also, try to choose a place that is easily spotted from the street with large windows and clear signage. 

Finally, consider pricing. As part of business development, you may have already decided if you need to rent or purchase a space for your salon. So, if you decided on renting a space, remember that it should not amount to more than 10% of your income. As a first-time salon owner, you might not know what this number is. Thus, go back to your business plan and look at your financial projections to come up with an estimate. 

Purchasing Supplies

A vital part of your business is, as expected, the wax and other supplies needed for your salon. Hence, you must have a clear sense of what is indispensable and what is secondary, to avoid making unnecessary purchases. 

There are many other things that are not directly related to waxing that you will need to purchase, such as cleaning supplies (e.g., disinfectant, paper towels, wipes, trash bags), courtesy products for clients (e.g., water bottles, light snacks), equipment (e.g., waxing tables, chairs, lounging chairs), and so on. Thus, keep all of these ‘additional’ expenses in mind when creating your budget. 

Hiring Personnel

Like with any other company hiring the right staff can make or break your business — especially in the service industry. Consequently, the beauticians and specialists you decide to hire should have a series of personality traits and professional characteristics such as:

Vast experience in the field

Great interpersonal skills.

All customer-facing roles require individuals to have excellent interpersonal skills. However, when it comes to cosmetology, clients must feel comfortable with the person who is servicing them. Thus, hiring friendly and approachable estheticians will allow your clientele to grow. 

Good time-management skills

Working at a waxing salon can be highly stressful. So, to succeed, you will need to hire people that can work under particular time constraints and pressure. Remember, clients do not like missing appointments or having to wait long periods to be serviced. 

What Qualities Make a Good Hairdresser? (Personality traits) 

Marketing & advertising.

Thus, think about starting a website and building your online presence through social media. Marketing channels are not only a way of informing clients about services, prices, and promotions; they are also outlets for interaction. Ergo, your goal should be to create a two-way channel where clients feel part of the salon, creating a community. This will allow you to develop long-lasting relationships.  

Related Questions

Should i consider acquiring a franchise.

Starting a hair removal business from scratch is hard work. This is why many first-time owners find that franchises offer more support and shorten the time it takes for a salon to be successful. 

How much does it cost to open a waxing salon?

Remember that to have a fully functioning salon. You will need to incur a series of expenses including, but not limited to, permits, licenses, insurance policies, equipment, supplies, labor costs, rent, and utilities.

Looking to start your own Salon? Get the documents you need to get organized and funded here .

Please note: This blog post is for educational purposes only and does not constitute legal advice. Please consult a legal expert to address your specific needs.

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Competitive Analysis for a Waxing Salon (Example)

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  • December 29, 2023
  • Business Plan , Competitive Analysis

sample business plan for waxing salon

A competitive analysis is not just a tool for gauging the position of your waxing salon in the market and its key competitors; it’s also a fundamental component of your business plan.

This analysis helps in identifying your waxing salon’s unique selling points, essential for differentiating your business in a competitive market.

In addition, competitive analysis is integral in laying a solid foundation for your business plan. By examining various operational aspects of your competitors, you gain valuable information that ensures your business plan is robust, informed, and tailored to succeed in the current market environment.

sample business plan for waxing salon

Waxing Salon Business Plan

sample business plan for waxing salon

Fully editable 30+ slides Powerpoint presentation business plan template.

Download an expert-built 30+ slides Powerpoint business plan template

Identifying Your Competitors in the Waxing Salon Industry

The first step towards an effective competitive analysis is identifying your direct and indirect competitors within the local waxing salon market. Direct competitors might include nearby waxing salons or beauty spas offering waxing services as a primary focus. Indirect competitors could range from full-service beauty salons to DIY at-home waxing kits and laser hair removal clinics.

Utilize online platforms like Google Maps, Yelp, or specialized salon directories to map out and understand the geographical distribution of competitors. Online reviews and ratings on platforms such as Yelp can provide valuable insights into the strengths and weaknesses of your competitors. For instance, glowing reviews praising the professionalism and use of high-quality waxing products at a salon can indicate a competitive strength.

Waxing Salon Competitors’ Strategies

Analyzing your competitors’ strategies involves exploring various facets of their business approach:

  • Service Offerings: Evaluate the range of services provided by competitors. Some salons might specialize in specific waxing techniques like Brazilian waxing or offer a wider array of services encompassing body waxing, facial waxing, or even specialized treatments like sugaring or threading.
  • Quality and Techniques: Consider the quality of services and techniques employed. Salons emphasizing organic or hypoallergenic waxing products might cater to a different clientele compared to those emphasizing speed and efficiency.
  • Pricing and Packages: Compare pricing structures and available packages. Are your prices competitive with budget-friendly salons targeting cost-conscious clients, or do you align more with premium salons offering luxury waxing experiences?
  • Marketing and Branding: Investigate how competitors market their services. Are they leveraging social media platforms, partnering with influencers, or employing loyalty programs to retain customers?
  • Customer Experience: Assess the overall customer experience at rival salons. Factors such as ambiance, cleanliness, professionalism, and customer service significantly impact client satisfaction and retention.
  • Innovative Practices: Explore if competitors are adopting technological advancements or innovative practices. For instance, some salons might utilize online booking systems or offer personalized skincare consultations alongside waxing services.

What’s Your Waxing Salon’s Value Proposition?

Defining your waxing salon’s unique value proposition is crucial in setting yourself apart from competitors. Whether it’s specializing in painless waxing techniques, promoting eco-friendly products, or offering customized post-waxing skincare regimens, identifying your salon’s unique strengths is imperative.

Utilize customer feedback and industry trends to recognize gaps in the market. For example, if there’s a growing demand for natural, cruelty-free waxing products and none of your competitors are addressing this need, it presents an opportunity for your salon to stand out.

Consider your salon’s location and clientele. A salon situated in a bustling urban area might emphasize convenience and quick, efficient services, whereas a salon in a suburban neighborhood might focus on creating a relaxing and spa-like experience.

How To Summarize It All In Your Business Plan?

Competitors’ strategies and market positioning can be superposed with your own waxing salon’s value proposition by laying out on a page (or a presentation slide) the main differentiating factors. These factors will show investors and banks:

  • How each competitor is positioned in the market
  • How your waxing salon compares vs. competitors (what’s your value proposition )

In a competitive analysis, various parameters are used to compare and contrast your waxing salon with its competitors. The parameters listed below are examples of what you might include in your analysis. 

They are not exhaustive but serve as a guide to help you understand key aspects to consider. Each parameter provides insights into different facets of the competitive landscape, helping to paint a comprehensive picture of where your waxing salon stands.

The geographical location of a waxing salon holds substantial weight in its success trajectory. It dictates foot traffic, accessibility, and the demographics attracted. For instance, a salon situated in a bustling urban area might draw in working professionals seeking quick grooming solutions, while one located in a residential neighborhood may cater to clients looking for a more relaxed, personalized experience.

Moreover, location influences logistical elements such as supply chain efficiency and delivery reach. A salon close to suppliers or with an extended delivery radius gains logistical advantages.

Positioning

Understanding how your salon is positioned in comparison to competitors helps in articulating its unique stance in the market. For instance, a salon specializing in sensitive skin options might carve a niche segment compared to others that focus on a broader array of waxing services.

This factor aids in recognizing market trends and potential gaps, offering opportunities to capture specific clientele seeking specialized services.

The distinction between franchised and independently owned waxing salons significantly impacts operational models and brand strength. Franchised salons often benefit from established brand recognition and standardized procedures, while independent salons might emphasize local charm and unique offerings.

Google Reviews

Customer reviews on platforms like Google provide valuable insights into a salon’s service quality and reputation. High ratings and positive reviews contribute to attracting new clients, showcasing customer satisfaction and service excellence.

Pricing strategies influence the perceived value of services and target customer segments. Salons with premium pricing may target a higher-end market, whereas those with competitive pricing might appeal to a broader audience.

Waxing Services Offered

The variety of waxing services offered, including body waxing, facial waxing, or specialized options for sensitive skin, reflects the salon’s expertise and caters to diverse client needs.

  • Body Waxing: Assess the range and quality of body waxing services provided by competitors. This includes evaluating the types of body waxing offered, techniques utilized, and the overall customer experience related to body waxing treatments.
  • Facial Waxing: Analyze competitors’ focus on facial waxing services, including the variety of treatments available, expertise in delicate facial areas, and the use of specialized products for facial hair removal.
  • Sensitive Skin Options: Evaluate how competitors address the needs of clients with sensitive skin. This includes examining the availability of hypoallergenic waxing products, specialized techniques, and any specific protocols aimed at ensuring a comfortable experience for individuals with sensitive skin.

Additional Services

Providing additional services beyond waxing, such as skincare consultations, body treatments, or bundled services, adds value and differentiation to a waxing salon’s offerings.

Private Rooms

Offering private rooms for waxing sessions enhances client comfort and privacy, distinguishing the salon’s service experience.

Membership Options

Membership programs or loyalty initiatives foster client retention and engagement, providing incentives for regular customers.

  • Marketing Strategies : Evaluate competitors’ advertising channels and promotional tactics in the waxing industry to discern effective marketing approaches, such as online campaigns, partnerships, or influencer collaborations.
  • Customer Service: Assess the quality of customer service offered by competitors, including staff professionalism, friendliness, and responsiveness during waxing sessions. This evaluation aids in identifying areas for improvement and enhancing the overall client experience.
  • Brand Presence: Analyze the online and offline brand presence of competitors in the waxing salon market. This encompasses social media engagement, community involvement, and overall brand reputation, offering insights into effective branding strategies to elevate your salon’s visibility and reputation.
  • Product Innovation: Stay abreast of competitors’ advancements and new service offerings within the waxing industry. Understanding trends in waxing techniques, skincare products, or specialized treatments helps inspire innovation and ensures your salon remains competitive and relevant.
  • Supplier Relationships: Investigate suppliers and partnerships within the waxing industry to discern their impact on competitors’ service quality, product availability, and pricing strategies. Understanding these dynamics aids in making informed decisions regarding product sourcing and service enhancements in your own salon.

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COMMENTS

  1. Waxing Salon Business Plan PDF Example

    February 28, 2024. Business Plan. Creating a comprehensive business plan is crucial for launching and running a successful waxing salon. This plan serves as your roadmap, detailing your vision, operational strategies, and financial plan. It helps establish your salon's identity, navigate the competitive market, and secure funding for growth.

  2. Executive Summary of a Waxing Salon: Template & Example

    A waxing salon business plan needs a straightforward executive summary. This part of your plan is the first thing investors and partners see, and it should clearly outline what your waxing salon is all about. It's where you explain what makes your waxing salon different and worth investing in. We recommend using a two-slide PowerPoint format ...

  3. Waxing Business Plan Template & Guidebook

    How to Write a Waxing Business Plan in 7 Steps: 1. Describe the Purpose of Your Waxing Business. The first step to writing your business plan is to describe the purpose of your waxing business. This includes describing why you are starting this type of business, and what problems it will solve for customers. This is a quick way to get your mind ...

  4. Free Hair and Beauty Salon Sample Business Plan PDF

    The 7 elements of an effective hair and beauty salon business plan. 1. Executive Summary. The executive summary provides a high-level overview of your business plan. It should outline the objectives of your hair and beauty salon, such as to offer high-quality services, to expand the client base, or to break into a new market.

  5. Beauty Salon Business Plan PDF Example

    Our beauty salon business plan is designed with clarity and thoroughness, addressing all crucial aspects needed for a comprehensive business plan. It details the salon's operations, strategic approach, market environment, competitive landscape, management team, and financial projections. Executive Summary: Provides a snapshot of your beauty ...

  6. The Roadmap to Success: Crafting Your Waxing Salon Business Plan

    A thorough waxing salon business plan should include the following key elements: Executive Summary: This section provides a concise overview of your salon's business concept, market positioning, management team, and financial summary. It serves as an introduction to your business plan, capturing the attention of potential investors or lenders.

  7. How To Successfully Start a Waxing Salon Business

    Create a Business Account. Since you need to track all business-related expenses, consider opening a separate bank account, and only use that money for your salon. Then, take things a step further by getting a credit card solely for your business. In doing this, you separate business money from your personal funds.

  8. Sample Salon Business Plan

    A beauty salon business plan example can be a great resource to draw upon when creating your own plan, making sure that all the key components are included in your document. The salon business plan sample below will give you an idea of what one should look like. It is not as comprehensive and successful in raising capital for your salon as ...

  9. The Ultimate Guide to Opening Your Own Waxing Business

    People of all genders turn to waxing services for body hair removal, whether they go to a waxing salon or an in-home mobile waxing service. Waxing is a huge industry, worth nearly $30 billion, which is indicative of the high demand for body hair removal. ... Step 4: Create a Waxing Business Plan. Here are the key components of a business plan:

  10. PDF Free Version of Growthinks Salon Business Plan Template

    The real version of Growthink's Ultimate Salon Business Plan Template is much more than a fill-in-the-blanks template. That template professionally guides you step-by-step so you can quickly, easily and expertly complete your business plan. Perhaps most importantly, it includes complete financial projections.

  11. How to Start a Profitable Waxing Business [11 Steps]

    Generally, businesses offering waxing services will need to obtain a cosmetology license, a business license and an occupational permit. Additionally, businesses may need to secure a zoning permit from the local government and liability insurance. 6. Open a business bank account and secure funding as needed.

  12. The Ultimate Guide to Opening Your Own Waxing Business

    1. Research and Market Analysis. Before embarking on any business venture, thorough research and analysis are crucial. Familiarize yourself with the waxing industry, current trends, and consumer preferences. Identify your target market and competition in the area where you plan to open your salon. Understanding the demand, competition, and ...

  13. How to Create a Business Plan for Your Salon & Spa

    A business plan for your salon & spa is crucial to plan for success. A business plan will help you to determine what you want your salon & spa to offer, where you want to take your salon's growth, boost your salon & spa business's productivity, direction, and help you make informed decisions. If you go the route of having business loans ...

  14. Sales & Marketing Plan Example for a Waxing Salon

    This comprehensive guide is tailored to assist you in devising an effective sales and marketing plan that aligns with your waxing salon's objectives. Analyze the market to discern your competition and comprehend your clients' needs. Develop your salon's brand, position it in the market, explore diverse marketing channels, and delve into ...

  15. How to Start a Waxing Salon Business

    If you are looking to start a waxing salon business, you need to be ahead of the competition. Overall, venturing into this kind of business requires eight crucial steps: Conducting Market Research. Developing a Business Plan. A good business plan will consider four things: Forming a Legal Entity. Obtaining the necessary permits, licenses, and ...

  16. How To Start Your Own Waxing Business

    How to set up your own waxing business. 1. Select a company name and define your brand. Choose a name that represents your skills or is unique to you. Incorporating the word waxing after your company name might be a good idea for potential clients to search for you and find you more quickly, for example, Emily Jones Waxing.

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    Likino-Dulyovo Tourism: Tripadvisor has 61 reviews of Likino-Dulyovo Hotels, Attractions, and Restaurants making it your best Likino-Dulyovo resource.

  18. Waxing Salon Business Plan

    Fully editable 30+ slides Powerpoint presentation business plan template for waxing salons. 5,900+ downloads. Free support.

  19. Plan Your Trip to Elektrostal: Best of Elektrostal Tourism

    A mix of the charming, modern, and tried and true. See all. Apelsin Hotel. 43. from $48/night. Apart Hotel Yantar. 2. from $28/night. Elektrostal Hotel.

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  22. How to Prepare a SWOT for a Waxing Salon

    Jennifer. December 29, 2023. Business Plan, SWOT. A SWOT analysis is a strategic tool that is essential for the development of a robust business plan for a waxing salon. It assesses the Strengths, Weaknesses, Opportunities, and Threats that can impact the business's viability and growth. Here's a detailed guide on how to conduct a SWOT ...

  23. Competitive Analysis for a Waxing Salon (Example)

    A competitive analysis is not just a tool for gauging the position of your waxing salon in the market and its key competitors; it's also a fundamental component of your business plan.. This analysis helps in identifying your waxing salon's unique selling points, essential for differentiating your business in a competitive market.