LET’S BUILD SOMETHING: As a group, the 20 finalists of the 2010 SALONS OF THE YEAR breathed some new life into the beleaguered construction business, spending a combined $13 million on renovation and build-out costs. The average design investment was $652,186.
HOW WAS IT SPENT? The SOTY finalists spent an average of $22,800 on flooring, $25,300 on lighting, $76,000 on salon equipment, $23,500 on spa equipment, $38,200 on design services, $10,300 on the front desk, $5,300 on signage and $377,400 on building expenses.
TIME AND MONEY: The longest construction time was our grandprize winner Bangz Salon and Wellness Spa at 30 months, while the average turnaround time was 7 months. Half of the salons were completed on time, and 50 percent were completed on budget.
BREAKING DOWN THE SPACE: When it comes to salon and spa layout, the SOTY finalists occupy an average of 3,700 square feet, with the largest salon being Akari at 14,000 square feet, with Bangz Salon and Wellness Spa and Moda Salon coming in at 10,000 square feet a piece. At 850 square feet, Salon Innovations represented our smallest finalist.
SETUP STATS: Our SOTY finalists maintain an average number of 16 styling stations, two treatment rooms and three manicure/pedicure stations.
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