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Salon Operating Expenses

Salon Operating Expenses. Where does your money go?. Revenue. Hair Cut (styles) Services Nails Tanning Beds Retail Sales (Product) Colors Permanent Waves Hair Extensions. Expenses. Salaries Rent Supplies Advertising Depreciation Laundry Cleaning Utilities Repairs Insurance

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Salon Operating Expenses

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  1. Salon Operating Expenses Where does your money go?

  2. Revenue • Hair Cut (styles) Services • Nails • Tanning Beds • Retail Sales (Product) • Colors • Permanent Waves • Hair Extensions

  3. Expenses • Salaries • Rent • Supplies • Advertising • Depreciation • Laundry • Cleaning • Utilities • Repairs • Insurance • Telephone • Miscellaneous

  4. Expenses: percent of gross • Salaries 53.5% • Rent 10% • Supplies 5% • Advertising 3% • Depreciation 3% • Laundry 1% • Cleaning 1% • Utilities 1% • Repairs 1.5% • Insurance 0.75% • Telephone 0.75% • Miscellaneous 1.5%

  5. Review: percent of a number • What is 53% of $163,000? • Change the percent to a decimal • 53% = 0.53 • Multiply • 0.53 x $163,000 = • $86,390

  6. Wages 45-55% • Wages of people in your Salon Example: Gross income in the Salon is $479,000. How much should you budget for wages? 45% of $479,000 .45 x $479,000 = $215,550 for salaries

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