How To Become a Beauty Supply Business Owner

There are several ways to become the owner of a beauty supply business. You can start your own store from scratch, you can open a chain store or you can purchase a private business that is up for sale. Each option has its own good and bad points. Explore what you want to get from your business and then weigh that against each option.

Starting you own Beauty supply business from scratch

The great thing about this option is it is all yours. You create the name, theme, decide what to stock your shelves with, pick your storefront and so much more. You have complete control over the decisions if your business.

• Write a business plan


• Work with bank to secure financing


• Register your business name and obtain license


• Contract with vendors


• Choose your storefront


• Order fixtures and other needed items


• Open for business

Purchasing an established business

It is very possible to come across an established business for sale. Owners want to retire or want a change of pace. The upside to buying one of these stores is it has clientele. Your advertising cost will be lower and so will your startup cost.

• Write a business plan


• Work with bank to secure financing


• Complete a transfer of title


• Advertise the new ownership

Buying into a franchise

A very easy way to open a beauty supply store is to buy into a franchise. The upside to this is branding has already been done for you. Most people know exactly what a Sally Beauty Supply is. You get the name and familiar logos when you buy into the franchise. You will also be set up with their stock items, displays, décor and pricing.

• Write a business plan


• Work with bank to secure financing


• Apply with franchise headquarters


• Work with headquarters to set up shop


• Open your doors