Lifestyle

How to make more profit in your salon.

How simple maths can increase your profit
Take a salon that is doing 300k a year.
Salon turnover 300k
Average bill 70
Divide 70 into 300k = 4285 clients a year
Divide 4285 by 52 weeks = 82 clients a week
Now you can focus on increasing your salons taking and almost 100% will go to profit.
Option 1 – Increase your salons’ average bill by 10% and work with your team to perfect your client journey and the clients’ experience. 82 clients a week x 77 = 6314 in salon takings a week x 52 weeks = 328k
Option 2 – Increase clients by 10% and work on making your marketing better. 82 clients a week + 10% = 89 clients x average bill of 70 = 6230 a week x 52 weeks = 323k
By knowing what to focus on, you can make an extra 20,000 a year and almost 100% will go to your profit.
Need help? Lets chat
CASE STUDY
Shout out to this gun 💪🏻 who is dedicated to growing his salon to give him the lifestyle.
He joined me 2 years ago as a small salon owner who thought having a coach may be a waste of money, but would give it a month to see how things went. Fast forward 2 years and he has doubled his salon’s takings not once but twice and has now earned enough profit to buy a house in the heart of London.
You cannot buy houses with turnover, only profit. 🙂
Stay focused and figure out what it takes to get your takings up and your profits down.
If you want to chat about how we can help your salon, You can access my diary here 🙂 https://calendly.com/isaloncoac…/salon-business-chat-p-y-s
Rich