Thanks to the growing popularity of nail art, numerous nail bars are mushrooming across the country. When one wants to setup a nail bar in an upmarket mall, advises Shibani Gambhir, Co-owner of Rhapsody Nail Studio, Delhi, “The cost of having a kiosk depends upon the size of the kiosk and the size of the mall. But if you really want to have a good kiosk, the investment bracket would be around Rs1 lakh to Rs1.5 lakh per month purely on the rentals. If you talk about the complete investment size, it would be approximately Rs 3.5 lakh per month, which includes the rentals, equipment and the material.”
Since there is a constant surge in innovations within nail art, the industry growth has also posted huge investments in terms of capital. It requires capital input of about Rs 25 lakhs to equip a nail bar of four work stations, while the rentals and establishment could take it on a higher side but the business statistics differ from area to area. If the set up is going to be a mall, the cost will definitely run into bigger numbers but the same salon could also be on the lower side if it is located in a less swanky location.
One of the heavy buys under the equipment category is a UV lamp which costs Rs12,000 to Rs 15,000 since it is not manufactured in India and is soured from countries like Australia, Germany, China, Dubai, Russia, Canada and US. Besides this, one has to source different kinds of materials like the acrylic nails, gel nails, acrylic powder, cuticle remover, brushes, nail fillers among various others landing on an average spent of Rs2 lakh per month.