This article from Elmpark Capital Group in Palm Coast, Florida explains how beauty salons and barbershops pay for a remodel or new stations: the funding types for each part, what a partner reads, the Flagler County, FL Census counts for salons, a worked example and the steps in order.
Three Ways a Palm Coast, FL Salon Pays for a Remodel
- Term loan: the build-out itself, including plumbing, electrical, flooring and finishes.
- Equipment financing: styling chairs, stations, shampoo bowls, dryers and lighting.
- Working capital or a credit line: product orders and payroll while chairs are out of service.
Some salons fold everything into one term loan; that works when the project is modest. For a large remodel, splitting it lets the equipment back its own financing. Salon business loans in Palm Coast, FL covers the full set of options.
Business Loan for a Beauty Salon: What a Partner Reads
A partner reads the salon’s bank and card statements, the latest tax return, the lease and its remaining term, the contractor bid and the equipment quote. For a salon that rents chairs to independent stylists, booth rent shows up as steady income, and partners read the rental agreements too.
The lease matters more than owners expect: a remodel paid off over six years in a space with two years left on the lease is a mismatch partners notice.
What the Census Shows About Flagler County, FL Salons and Barbers
Beauty salons counted 40 employer establishments in Flagler County, FL in 2023, with 171 paid employees, and 72.5% had fewer than five employees (CBP 2023, NAICS 812112). Nonemployer Statistics counted 317 beauty salons without paid employees for 2024, a separate program, and 70 barber shops; County Business Patterns published no county row for barber shops with employees at their own code.
Hair Salon Financing for Flagler County, FL Barbers and Stylists
Barbershops remodel on the same pattern with a shorter equipment list: barber chairs, stations, sterilization gear and a small waiting area. A one- or two-chair shop may fit the whole project on equipment financing plus a little working capital.
Business Loans for a Nail Salon Remodel
Nail salons add plumbing for pedicure chairs and ventilation at the tables, which raises the build-out share of the budget. How nail salons finance pedicure stations covers those parts in detail.
What Goes Into a Salon Remodel Budget
- Design and permit fees.
- Plumbing for bowls and any new sinks.
- Electrical circuits for dryers, color processors and lighting.
- Flooring, wall finishes and mirrors.
- Stations, chairs, bowls and dryers.
- Reception desk and retail shelving.
- A cushion for weeks with fewer chairs working.
Get the contractor bid and the equipment quote in writing before asking for financing; partners finance what the documents show.
Hair Salon Loans vs Equipment Leases for New Stations
Stations and chairs last for years, so a loan that ends in ownership is a common choice. A lease suits a salon that plans to refresh its look again in a few years. Equipment financing explains fair market value leases and buyouts.
A Worked Salon Remodel Example
Illustration only, invented figures: a six-chair salon plans a $65,000 build-out and $24,000 of new stations, chairs and bowls. The invented build-out on a term loan over 72 months at an invented annual rate of 10.5% costs about $1,221 a month; the invented equipment over 48 months at an invented 11% annual rate about $620 a month (our arithmetic).
Together the two invented payments come to about $1,841 a month (our arithmetic). The invented salon also sets aside working capital for the three weeks when half the chairs are out of service.
Landlord Improvement Allowances and the Remodel Budget
Some landlords contribute a tenant improvement allowance toward a build-out, usually in exchange for a longer lease. The allowance lowers the amount to finance, but it is often paid after the work is done, so the salon may need short-term money to bridge the gap until the landlord pays. Read the lease for when and how the allowance is released.
Reopening After the Remodel: Planning the First Month
A salon that closed chairs for a remodel restarts with full payroll and rent but a booking calendar that takes a few weeks to refill. Plan for that month in the budget: a small line of credit drawn only if bookings lag keeps the first loan payments from landing on top of a thin month. Telling regular clients the reopening date ahead of time helps the calendar refill.
How to Get a Business Loan for a Salon Remodel, in Order
- Confirm the lease term and any landlord improvement allowance.
- Get the contractor bid and the equipment quote.
- Check permits with the city.
- Decide which parts go on a term loan and which on equipment financing.
- Call (386) 309-8622 or send the request form with both documents.
Business term loans and working capital explain the other two pieces.
By Elmpark Capital Group · Updated