Are you thinking about opening a salon?
Then I'm sure you've asked yourself:
"How much do Salon Owners make?" and "is a Salon Owner salary really much better than a Salon Manager salary or Salon Worker salary?"
These are fair questions.
Becoming a salon owner comes with responsibility.
You need to deal with all types of issues that arise in the salon and, on top, you need to ensure there's enough money in the bank at the end of the month to pay your salon employees' salary.
But to what extent are Salon Owners compensated for the added responsibility?
And how can Salon Owners increase the money they earn?
How Much do Salon Owners Make?
Salon Owners make $70,000 per year on average. The Salon Owner salary depends on the type of salon, it's location, and how well managed the salon business is. The average annual salary for Hair Salon Owners is $75,000 per year (CMP), Nail Salon Owners is $58,000 per year (MNB), and Spa Owner is $78,000 (SAP). The salon's location influence the salary up to 50% vs. average and with the right business management, salon owners can make over 6 figure income.
The numbers quoted here are based on data extrapolation from available reported data in the U.S. Understandably, the answer to the question "how much do salon owners make?" is much more complex than a number.
This article dives into the details of how much you can make in a salon business as well as how you can influence it.