How Much Does It Cost to Start an Eyelash Business in the UK?
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Introduction
Starting an eyelash business in the UK can be a profitable venture due to the increasing popularity of eyelash extensions. However, it’s important to understand the startup costs involved. This blog will break down these costs comprehensively.
Cost Breakdown of Starting an Eyelash Business in the UK
Initial Setup Costs
Business Registration and Licensing Registering your business with Companies House costs between £12 and £40, while obtaining necessary licenses can range from £100 to £300.
Renting or Leasing a Salon Space Renting a small salon space typically costs between £500 and £1,500 per month. A security deposit, usually equivalent to three months’ rent, adds £1,500 to £4,500.
Renovation and Interior Design Basic renovation and interior setup can cost from £2,000 to £5,000. For a high-end salon, this can go up to £10,000.
Equipment and Supplies Costs
Lash Extension Kits and Supplies The initial purchase of lash extension kits and supplies ranges from £500 to £1,000, with ongoing monthly supply costs between £200 and £500.
Furniture and Salon Equipment Purchasing salon chairs, beds, and other furniture costs between £1,000 and £3,000. Additional equipment like mirrors and lighting can add £500 to £1,000.
Technology and Software Appointment booking and management software costs between £20 and £50 per month. Initial purchase of computer and POS systems ranges from £500 to £1,000.
Operational Costs
Utilities and Overhead Monthly utilities, including electricity, water, and internet, cost between £100 and £300. Miscellaneous overhead costs add another £50 to £100 per month.
Marketing and Advertising An initial marketing campaign can cost between £500 and £1,000, with ongoing monthly expenses ranging from £100 to £300.
Insurance Public liability insurance costs between £100 and £300 per year, while professional indemnity insurance ranges from £100 to £200 annually.
Staffing Costs
Hiring Qualified Technicians Recruitment and hiring costs are between £200 and £500 per technician.
Training and Certification Training courses and certifications for technicians cost between £500 and £1,000 each.
Employee Salaries and Benefits The monthly salary for a qualified eyelash technician ranges from £1,500 to £2,500, with additional benefits costing between £200 and £500 per month.
Miscellaneous Costs
Legal and Accounting Services Legal consultation and services range from £200 to £500. Accounting and bookkeeping services cost between £100 and £300 per month.
Ongoing Supplies and Inventory Monthly restocking of lash supplies costs between £200 and £500, with additional inventory costs ranging from £100 to £300.
Contingency Costs Setting aside a contingency fund for unexpected expenses is recommended, typically ranging from £1,000 to £2,000.
Estimated Costs For Eyelash Business
| Cost Category | Estimated Cost (GBP) |
|---|---|
| Business Registration and Licensing | £112 – £340 |
| Renting or Leasing a Salon Space | £2,000 – £6,000 (initial) |
| Renovation and Interior Design | £2,000 – £10,000 |
| Lash Extension Kits and Supplies | £500 – £1,000 (initial) |
| Furniture and Salon Equipment | £1,000 – £3,000 |
| Technology and Software | £520 – £1,000 |
| Utilities and Overhead | £150 – £400 (monthly) |
| Marketing and Advertising | £600 – £1,300 (initial) |
| Insurance | £200 – £500 (annually) |
| Hiring Qualified Technicians | £200 – £500 per technician |
| Training and Certification | £500 – £1,000 per technician |
| Employee Salaries and Benefits | £1,700 – £3,000 per month |
| Legal and Accounting Services | £300 – £800 (initial) |
| Ongoing Supplies and Inventory | £300 – £800 (monthly) |
| Contingency Costs | £1,000 – £2,000 |
Related Article: How to start a Eyelash Business In the UK?
FAQs
How much does it cost to buy lash extension kits and supplies?
The initial purchase of lash extension kits and supplies ranges from £500 to £1,000, with ongoing monthly costs between £200 and £500.
What is the average cost of renting a salon space in the UK?
Renting a small salon space typically costs between £500 and £1,500 per month, with an additional security deposit ranging from £1,500 to £4,500.
How much should I budget for marketing and advertising?
An initial marketing campaign may cost between £500 and £1,000, with ongoing monthly expenses ranging from £100 to £300.
What are the insurance requirements for an eyelash business in the UK?
Essential insurance includes public liability insurance (£100-£300 per year) and professional indemnity insurance (£100-£200 per year).
How can I reduce the startup costs for my eyelash business?
Consider starting with a smaller space, purchasing second-hand equipment, and using cost-effective marketing strategies such as social media.
Conclusion
Starting an eyelash business in the UK involves various costs, from initial setup and equipment to ongoing operational and staffing expenses. By understanding and planning for these costs, you can set a solid foundation for a successful eyelash business.
