Service price calculator for hair and beauty salons
Type your monthly fixed costs, the hours you can take bookings, the service's duration, the product and the margin you want: see the price that covers it all.
Rent, wages, utilities, software: everything you pay even when no one is booked.
The hours that can be booked in a month, for example 8 hours × 20 days = 160.
The share of the price that is profit. A 30% margin is not the same as adding 30% to the cost.
Result
Suggested price
US$ 80.00
- Cost of your hour
- US$ 50.00
- Cost of the service's time
- US$ 37.50
- Product
- US$ 18.50
- Total cost of the service
- US$ 56.00
- Profit per service
- US$ 24.00
Your hour costs US$ 50.00. A 45-minute service costs you US$ 56.00, and to make a 30% margin you charge US$ 80.00: US$ 24.00 of profit.
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How it is calculated
First, what it costs to keep the salon open is spread over the hours you work, then the product is added, and last the margin is set on the price.
- Cost per hour = fixed costs ÷ bookable hours.
- Service cost = cost per hour × duration in hours + product cost.
- Price = service cost ÷ (1 − margin).
A worked example
Your hour costs US$ 50.00. A 45-minute service costs you US$ 56.00, and to make a 30% margin you charge US$ 80.00: US$ 24.00 of profit.
With a 30% margin, 30% of the price is profit. That is why you divide by 0.7 instead of multiplying by 1.3: multiplying gives a smaller margin than the one you want.