How to pay for a salon 💰

What to Consider?

When choosing a payment solution for your salon, it’s essential to be aware of hidden costs and terms. A transparent payment solution should give you the clarity and flexibility needed to choose the furniture and products that best suit your salon and vision.

Did You Know?

Everyone loves a good steal. Denmark is known for shopping based on perceived savings. We’re often impressed by high “before-prices” – even if the product may never have cost the listed amount. As a hairdresser, you deserve transparent offers and honest prices that meet your expectations.

Different Payment Options for Your Salon

Invoice

Paying via invoice is like buying a new jacket – you pay the full amount upfront with no binding agreements or extra fees. This method is ideal if you want to avoid interest and ongoing contracts. Additionally, when paying in full, you can claim VAT back on your tax return, which is a valuable benefit for many salons and a common reason to buy new inventory close to tax reporting time.

Who Should Choose Invoice?

This solution is ideal for those who have saved up and want a straightforward option with no binding agreements.

Binding Agreements

Binding agreements mean committing to one supplier and paying for the furniture through regular purchases of products like shampoo and other supplies. It’s like buying a new set of dishes and being required to specify which meals you can serve on them, when checking out of the store. This setup is great if you get to eat all your favorite meals every single day.

While this option is often presented with a “discount” on both shampoo and furniture, keep in mind that prices are often adjusted to ensure the supplier still covers their costs. With binding agreements, you remain committed to the supplier until the furniture is fully paid.

Who Should Choose Binding Agreements?

This option suits you if you have a preferred product or supplier and want those products in your salon without a large upfront cost. You just want to get started – no matter the cost.

Financing

Financing is similar to buying a house, where you pay for the furniture and equipment over time, typically 12-36 months. The advantage is that you can start your salon without paying the entire amount upfront, and you’re not tied to a specific supplier.

Who Should Choose Financing?

Financing is ideal if you want flexibility and prefer to spread the cost over time without being bound to a particular brand of shampoo.

Final Thoughts

If you want to avoid fees and extras entirely, paying upfront by cash or invoice is your best option. However, dividing the payment will always involve some expense. It might be worth the small additional cost to finance your dream salon. Unsure about the best payment solution for your salon? Send me an email below for free advice to ensure you get the best deal for your business.

Photo: Andeby.dk