How Much Does It Cost To Open A Tattoo Shop?
Locating your tattoo shop at an ideal spot is key in starting up any new business
venture. Find a place with high traffic volumes and plenty of available space.
Tattoo equipment should include machines, needles, tubes, sanitized supplies and
stencil products that are reliable. Furthermore, an efficient client management
system is essential in streamlining appointments and tracking payments.
Building and Equipment
Initial start-up costs for a tattoo shop can vary significantly based on its location.
Before spending money on building and equipment, be sure to research state or
regional regulations first.
As part of your registration, it is also necessary to register your business. This
typically costs $100-$400 plus fees for processing, and provides proof that your
tattoo studio complies with local zoning laws and has sufficient space for clients.
Once registered, local inspection departments will check to make sure it satisfies
safety and fire regulations.
Make your space attractive to potential customers and easy to maintain by
renovating it to make it appealing and simple to clean. Purchase tattooing supplies
and equipment, such as an autoclave for sanitization, tattoo machines, needles, ink,
latex gloves and paper towels – as well as office equipment like computers, adding
machines and telephones – before hiring professional tattooists who are experienced
enough and willing to work at your parlor.
Insurance
Tattoo shops are high-risk businesses due to the nature of dealing with needles and
blood, which poses greater risk of injuries or blood-borne diseases as well as higher
potential customer dissatisfaction. Therefore, it’s imperative for a tattoo shop owner
to have adequate insurance protection to guard his personal assets against lawsuits
that might arise against their business.
Finding an Appropriate Location
Securing a prime location for your tattoo shop is paramount to its success, whether
renting or owning. Be sure to select a high-traffic area with easy parking access and
visibility as this will draw customers into your shop and cater directly to their target
clientele.
Decide on a Business Structure
The type of legal structure you select will have an effect on taxes, liabilities and
registration requirements for your company. A sole proprietorship is often chosen
since this option obviates any distinction between owner and company; should this
be your choice though, beware that you will owe personal income tax on all profits
earned through it.
Licensing and Permits
Tattooers must abide by certain health and sanitation rules in most states to protect
customers from blood-borne diseases, which can make the process of acquiring
business licenses and certificates from local government and inspection agencies
costly.
Tattoo chairs and beds will also need to be purchased, which typically range in cost
from several hundred dollars up to over $500 each. Such furniture helps give your
shop an air of professionalism while simultaneously protecting client health.
Finalize a marketing plan to attract customers to your new tattoo business. This
might involve advertising on social media platforms like Facebook and Instagram as
well as printing flyers or attending conventions for tattooists. A well-crafted
marketing campaign can help expand customer bases while increasing profits over
time – expect to incur significant marketing expenses during startup and expansion
phases of any startup company.
Marketing
Your marketing and advertising costs will depend on how you choose to promote
your business, such as social media ads, print and online advertisements, creating a
business website or attending tattoo conventions to showcase your work.
Your business must also register with HMRC, providing employees with national
insurance numbers and you with tax deductions. You have two main operating
models to consider when starting up: sole trader or limited company – though limited
companies require more effort when setting up. They provide limited liability for the
owners as well as limited tax deductions.
As well as opening a bank account specifically tailored to businesses, it’s also
necessary to open one quickly and easily for your business finances. Most major
banks provide accounts exclusively designed for this purpose. You should also factor
into your budget any expenses such as electricity, water, heating or waste removal
which must be met during running your company – these costs should typically be
paid monthly or annually and should be included as expenses of doing business
Don’t forget to take a look at the content we think might interest you! Are Tattoos in Mexico Cheap?