Owners of nail salons can earn, on average, $40,000-$75,000 per year. The average income varies depending on the location of the salon, the number of clients served, the range of services offered, and overall business management. Industry reports and survey data analysis help give a clearer picture of potential earnings.
Diverse Earnings Across Salon Types
Nail salon owner salary differs by type of salon and services offered:
- Hair salon owners make an average of $74,699.
- Spa owners earn about $108,000 per year.
- Salon suite owners typically make over $100,000 per year.
Location also significantly impacts salary averages, with the highest being in San Francisco.
Nail Salon Startup and Operating Costs
Starting a nail salon incurs costs ranging from $50,000-$100,000 or more, which includes:
- Equipment
- Staff
- Marketing
- Rent
- Licensing and permits
Profitability hinges on effective business management, market saturation, and average employee salaries.
Improving Nail Tech Salaries and Business Revenue
Nail techs generally earn $60-$150 per day, with tips adding an additional 10-25%. Earnings are influenced by factors such as experience and the state in which the salon operates. To increase revenue, salon owners can:
- Limit services to those most profitable
- Increase service prices
- Sell retail products
- Offer loyalty programs
- Engage in social media marketing
Global Salon Industry
The average salon owner makes $51,517 in 2023 (US). With the global salon industry valued at $215.65 billion in 2022, the field shows diverse earnings with nearly one million salons just in the US.
Employer’s liability insurance is essential for protecting employees and the business against work-related illnesses or injuries, or if an employee decides to sue.
Comparing Salon Types and Profits
- Hair salon owners average $74,699.
- Nail salon owners typically earn $58,000.
- Spa owners average $108,000.
- Salon suite owners often make over $100,000.
Salon income varies by type and factors like location, with San Francisco having the highest averages.
The average annual revenue for hair salons is $245,000, and with small service business profit margins at around 8.2%, the average profit could be around $20,000, after subtracting all costs.
Conclusion
If you’re considering opening a salon, it’s important to first understand the expected pay across different types of salons and locations. Nail salon owners generally earn between $40,000 and $75,000 annually, influenced by their salon’s location, services offered, customer volume, and managerial strategies.
The startup capital needed for a nail salon ranges from $50,000 to $100,000 or more, with successful businesses depending on the owner’s business acumen, the quality of service provided, competition, and economic conditions. With annual revenue variable, salon success relies on strategic location selection, appropriate pricing, and offering additional services to attract clientele.