A cosmetology tool storage assembly for storing and supplying electrical power for a plurality of cosmetology tools includes a gate that is pivotally coupled to a vertical support surface in a salon or the like. Thus, the gate is accessible to a cosmetologist working in the salon. A power strip is coupled to the gate and the power strip has a plurality of female electrical outlets positioned thereon. A plurality of hooks is included and each of the hooks is coupled to the gate. Each of the hooks engages and thusly suspends a respective one of a plurality of cosmetology tools for storage and each of the cosmetology tools can be plugged into a respective female electrical outlet.