Are you wondering how to set up an aesthetic clinic in the UK? Let's start with finances. The majority of costs when starting a medical aesthetic clinic are connected with leasing or buying premises, purchasing equipment, and hiring staff. To help plan the budget for your new business, here is a list of some of the most common start-up costs:
1. Renting or buying premises
This is definitely one of the biggest expenses you’ll have to face when setting up an aesthetic clinic. The cost will depend on the size and location of your chosen premises. If you are planning to lease, you will also need to factor in the cost of fitting out the space to meet your specific needs.
2. Purchasing equipment
And it’s not just about the medical equipment. You will need to invest in a range of furniture for your aesthetic clinic, decoration, and things that will make work there pleasant for you and your employees. When it comes to the medical side, it all depends on the type of treatments you want to offer. The cost of this equipment can range from £10,000 to £100,000 depending on the brands that you select.
3. Hiring staff
You will need to hire qualified medical professionals to staff your clinic and provide your patients with the best possible care. These include doctors, nurses, and aestheticians, but also receptionists. Depending on their experience and qualifications, the salaries will vary, but it is safe to assume that you will be looking at a minimum of around £50,000 per year in wages. At the same time, you can save money by outsourcing some members of your team. With Receptionists from InDesk, you can save even £2500 a month, compared to the average monthly receptionist's salary in the UK.
4. Marketing costs
Setting up an effective marketing strategy to promote your clinic also requires investment. You'll have to think about the most beneficial strategies, that will reach your target clients. These can include designing a website, creating printed materials such as leaflets or business cards, and advertising both locally and online. The good information is that many types of online advertising nowadays can be done for free, by creating content that will organically reach the right group of people. If you don't have the experience or time to learn about it, it is best to look for a freelancer that can help you with that, for example by running your social media channels.
5. Accounting fees
Most businesses require an accountant to help with tax returns and other financial tasks. This aspect is important and has to be taken care of by a professional to avoid possible financial penalties. The cost of this service will depend on how complex your business is, but it is likely to be around £1,000 – 2,000 per year.
6. Legal fees
In some cases, you may need the services of a solicitor to help you with any legal matters related to your business. This could include drawing up contracts or setting up leases. The cost of this service will depend on the complexity of your needs, but it is likely to be around £500 – £1,000.
Proper insurance can seem like a big investment, but it can save you a lot of money in case of some unexpected issues that may come up along the way. This will protect you and your staff from any unexpected costs due to medical malpractice or other liabilities. There are many offers you can choose from that will protect various aspects of your business and the cost of that may range from £500 to 2,000 per year.
Now, you know how to open an aesthetic clinic without any financial surprises. Overall, the total cost of setting up an aesthetic clinic in the UK can range from £50,000 to £250,000. It is important to factor in all of these costs when making your budget and to ensure that you have enough funds available to cover everything.