))
41 - Opening Costs: How Much Does It Really Cost to Open a Salon?
Manage episode 499611390 series 2897004
Content provided by Nicole Manzer and Alicia Lumsden, Nicole Manzer, and Alicia Lumsden. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Nicole Manzer and Alicia Lumsden, Nicole Manzer, and Alicia Lumsden or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
In this episode, Nicole and Alicia walk you through Realistic cost breakdowns for opening a salon in Toronto—from buildout to insurance, with tips on budgeting and surprise expenses
They’ll break down:
- The Big Categories – What You’ll Spend On
- Renovations & Buildout Costs
- Furniture, Equipment & Fixtures
- Licenses, Legal, Insurance & Admin
- Inventory, Branding & Other Start-up Costs
- Funding Your Salon
- Budgeting Advice + Surprise Costs
- Ongoing Monthly Costs You’ll Need to Budget For
- Tips to Stay Financially Sane
If you're planning to open a salon in Toronto, Ontario, this episode is your go-to guide—but it also serves as a helpful reference for salon owners anywhere. Please ensure you check with your local government for regional laws and procedures.
💡 Avoid expensive mistakes and set yourself up for success by setting a budget and a buffer.
✅ Cheat Sheet for Listeners- Use a spreadsheet to track every category of expense
- Add a 10–15% buffer for unexpected costs
- Prioritize insurance, electrical, plumbing, and legal support
- Look for used equipment—but invest in comfort and plumbing-related pieces
- Always ask for detailed quotes before committing to renos
- Startup Budget Template (Google Sheets) (you can create a branded one to share with listeners)
- Futurpreneur Startup Funding
- Women Entrepreneurs Ontario
- BDC Loan Programs
Find us on Instagram @hello.positiveimage @nicole.manzer @aliciacreate
Email us any ideas, suggestions, or comments [email protected]
Work with Nicole [email protected]
Work with Alicia [email protected]
42 episodes
Share
