Body hair removal treatments are provided by a body waxing establishment. Though women are the most likely to visit these salons, body waxing is gradually becoming popular among men and women alike.
Table of Contents
Follow these ten steps to open a body waxing salon:
Make a Body Waxing Salon Reservation
Create a legal entity for your Body Waxing Salon.
Register your Body Waxing Salon with the IRS.
Create a Business Bank Account and a Credit Card
Create an accounting system for your Body Waxing Salon.
Obtain the Required Permits and Licenses for Your Body Waxing Salon
Purchase Body Waxing Salon Insurance
Create a Body Waxing Salon Brand
Make a website for your Body Waxing Salon.
Configure your Business Phone System
Starting a company entails more than just registering it with the state. We’ve put up an easy-to-follow guide to beginning your own body waxing shop. These stages will guarantee that your new company is well-planned, correctly registered, and legally compliant.
STEP 1: Make a business plan.
A well-thought-out strategy is vital for entrepreneur success. It will assist you in mapping out the intricacies of your organisation and uncovering some unknowns. Consider the following crucial topics:
What are the initial and continuing expenses?
Who is your intended audience?
How much money may you charge your customers?
Fortunately, we have done a lot of the legwork for you.
What are the expenses of starting a body waxing salon?
This company needs a body hair removal facility, body hair removal equipment and supplies, workers, insurance, a table and chairs, a receptionist’s desk, marketing, and a website. Though the owner may function as the body hair removal expert, receptionist, and marketing professional at the start of the firm, more personnel will be required as the company expands. Budget several thousand dollars for body hair removal equipment, supplies, table(s), and chairs. The monthly rent for the office will most likely be $500 to $1,000 or more.
What are the continuing costs of a waxing salon?
Employees, marketing, insurance, office supplies, body hair removal equipment/waxing products, a place to operate, and utilities such as a high-speed internet connection are all required for this sort of company. Body hair removal professionals usually make $10 to $20 per hour. A receptionist may expect to earn between $8 and $15 per hour. Marketing and accounting professionals may expect to earn between $30,000 and $50,000 per year. Insurance, office supplies, and utilities should all be budgeted for at least $200 each month. Renting an office/body hair removal facility can cost you between $600 and $1,000 or more.
Who is the intended audience?
Body hair removal is most popular among teens and those in their twenties or forties. Most consumers will need waxing on a regular basis, thus you will most likely have many repeat customers.
How does a body waxing salon generate revenue?
This company earns money by charging consumers for body hair removal services.
How much money may you charge your customers?
A complete body wax normally costs $50 to $100. Eyebrow waxing generally costs between $10 and $20. Upper lip waxing costs between $5 and $10. A Brazilian wax of the lower body costs between $30 and $45.
How much money can a waxing service make?
This sort of company may make $50,000 or more in profit every year. Set up shop in a region with a high concentration of young people, advertise the firm strategically, and you may earn six figures or more each year.
How can you increase the profitability of your company?
Provide a broad range of services. Waxing services should include brows, lips, underarms, chest, back, and other areas. You may also provide beauty salon, spa, massage, pedicure, and manicure services.
STEP 2: Establish a legal entity
Sole proprietorship, partnership, limited liability company (LLC), and corporation are the most frequent business structure forms.
If your body waxing parlour is sued, becoming a formal business organisation, such as an LLC or corporation, prevents you from being held personally accountable.
STEP 3: File your taxes
Before you can begin for business, you must register for a number of state and federal taxes.
To register for taxes, you will need to get an EIN. It’s really simple and completely free!
Taxes on Small Businesses
Depending on the business form you choose, you may have multiple choices for how your company is taxed. Some LLCs, for example, may benefit from being taxed as a S company (S corp).
These guides will teach you more about small company taxes:
Taxes on LLCs
LLC vs. sole proprietorship
Corporation vs. LLC
S Corp vs. LLC
How to Form a S Corporation
S Corporation vs. C Corporation
There may be state taxes that apply to your company. In our state sales tax guides, you may learn more about state sales taxes and franchise taxes.
STEP 4: Establish a company bank account and credit card
Personal asset protection requires the use of distinct business banking and credit accounts.
When you combine your personal and business accounts, your personal assets (your house, vehicle, and other possessions) are at danger if your company is sued. This is known as penetrating your company veil in business law.
Furthermore, understanding how to develop corporate credit may help you get credit cards and other financing in your company’s name (rather than your own), lower interest rates, larger lines of credit, and other benefits.
Establish a business bank account.
Opening a business bank account is not only required when asking for business financing, but it also:
Separates your personal assets from the assets of your firm, which is required for personal asset protection.
It simplifies bookkeeping and tax reporting.
Create a net 30 account.
Net 30 accounts are used to develop and grow company credit while also increasing cash flow. Businesses use a net 30 account to purchase items and refund the whole debt within a 30-day period.
Many net 30 credit suppliers submit information to the main business credit agencies (Dun & Bradstreet, Experian Business, and Equifax Business Credit). This is how firms establish business credit in order to get approved for credit cards and other lines of credit.
Apply for a business credit card.
Obtaining a business credit card benefits you in the following ways:
Put all of your company’s costs in one location to separate personal and business spending.
Build your company’s credit history, which will be important for raising funds in the future.
STEP 5: Establish business accounting
Recording your numerous costs and sources of revenue is crucial to assessing your company’s financial status. Keeping precise and thorough accounting also makes yearly tax filing much easier.
Our LLC Expenses Cheat Sheet simplifies LLC accounting.
STEP 6: Obtain all required permissions and licences
Failure to get appropriate permissions and licences may result in significant penalties or possibly the closure of your firm.
Requirements for State and Local Business Licensing
To run a body waxing company, some state permissions and licences may be required. Visit the SBA’s reference to state licences and permits to learn more about licencing requirements in your state.
Furthermore, local licencing or regulatory restrictions may apply. For additional information on local licences and permissions, please visit:
Check with the clerk’s office in your town, city, or county.
Contact one of the local organisations mentioned in the US Small Business Associations database of local business resources for help.
For information on local licences and permissions, visit:
Check with the clerk’s office in your town, city, or county.
Contact one of the local organisations mentioned in the US Small Business Associations database of local business resources for help.
Waiver of Liability
To reduce legal risk and promote transparency, it is best to give clients with informed consent agreements. This is an example of a liability release, often known as a “informed consent agreement.”
STEP 7: Obtain commercial insurance.
Insurance, like licences and permits, is required for your company to operate safely and legally. In the case of a covered loss, business insurance protects your company’s financial well-being.
There are several sorts of insurance plans designed for various types of companies with varying risks. If you are unaware about the hazards that your company may encounter, start with General Liability Insurance. This is the most popular coverage required by small companies, so it’s a good place to start for yours.
Workers’ Compensation Insurance is another important insurance product that many companies need. If your company will have workers, your state may require you to purchase Workers’ Compensation insurance.
STEP 8: Establish your brand
Your company’s brand is what it stands for, as well as how the public perceives it. A strong brand will help your company stand out from the crowd.
How to Market and Promote a Body Waxing Salon
Promote the company online and via local media outlets. Focus on developing engaging and useful content that is search engine optimised. Use both pay-per-click marketing and social media marketing. It will also assist to market the company in places where young people congregate, such as local colleges, shopping malls, and restaurants.
How to Keep Customers Returning
Promote the company online and via local media outlets. Focus on developing engaging and useful content that is search engine optimised. Use both pay-per-click marketing and social media marketing. It will also assist to promote the company in places frequented by young people, such as local colleges, shopping malls, and restaurants.
STEP 9: Create your company’s website.
After you’ve defined your brand and designed your logo, the next step is to build a website for your company.
While developing a website is an important step, some may be concerned that it is out of their grasp due to a lack of website-building skills. While this was a fair concern in 2015, online technology has made significant advances in recent years, making the lives of small company owners considerably easier.
The following are the primary reasons why you should not put off developing your website:
Every genuine company has a website, period. When it comes to bringing your company online, it doesn’t matter what size or sector it is.
Social media accounts, such as Facebook pages or LinkedIn company profiles, are not a substitute for your own business website.
STEP 10: Install your company phone system.
Getting a phone for your company is one of the finest methods to keep your personal and professional lives distinct and private. That isn’t the only advantage; it also helps you automate your company, provides it legitimacy, and makes it simpler for prospective clients to identify and contact you.