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Barber Shop Business Plan

Starting a Barber Shop Business can be much easier when you have a well-laid-out plan for your business. Other than the professionals you’d require to hire, there are many other factors that you need to get the upper hand on before the launch. Research into beauty salons can help you chalk out plans for specific services for your Barber Shop.

Industry Overview

The Hair and Salon Industry plays a significant role in the groomed millennial era. Cutting, trimming, and styling services are on the rise, with an estimated 4.9 billion dollars generated each year in this sector. In 2020 alone, a 1.3% rise has been seen in the grooming industry. These factors make setting up a Barber’s Shop a viable business prospect, which is more than likely to yield good profits.

Some aspects to consider before you start working on your Barber Shop Business Plan.

Shop setup parameters.

Several factors need to be aligned for a Barber’s Shop setup. This can include your shop’s necessary infrastructure or perhaps the electrical, amenities, and other essential connections you might require. These requirements need to be tied in together with the location that you consider.

Equipment Resources and Staffing

For an intermediate to high-end barber’s shop, a basic set of equipment and furniture is required for the initial setup. The staffing needs to be proportional to your accommodation. Planning this aspect ahead of time can help you to gauge the scale of your business.

Track your Competitors and Related Industry services

The grooming business is widespread, especially in the current-day scenario. Tracking your competitors is a great way to keep a tab on what typically works with customers. While you might like to add your flavor to the brand, sticking to a few fundamental factors that work is always great.

Budget for each aspect

While businesses have an approximate budget in mind, they often make the mistake of not putting an upper limit on the funding of separate aspects. Having a realistic budget estimate for every individual aspect of your business plan can help draft a plan that can run smoothly without extending your budget.

Chalking Out your Business Plan.

To sketch out a plausible business plan for your Barber’s Shop, you can go through a few business plan samples to get your aims for the venture clear. The existing Barber’s Shop plan can give some valuable suggestions about essential aspects and those that might pose potential issues.

Our Barbershop Business Plan example will give you a fair idea of what to look out for while writing down your business plan . A detailed outline of specific aspects can present a basic structure that you can add to.

The Upmetrics software for business plans can create robust plans for your own barbershop business. This business plan sample has been created using our software, and it checks all the necessary boxes for a well-covered Barbershop Business Plan.

Barber Shop Business Plan Outline

This is the standard barbershop business plan template outline which will cover all important sections that you should include in your business plan.

• Business Overview
• Our Services
• Customer Focus
• Success Factors
• Financial Highlights
• About J&S
• Hair services
• Salon Design
• Market-level trends
• Firm-level trends
• Customer-level trends
• Demographic Profile of Target Market
• Soccer/stay-at-home moms
• Professionals
• Joe’s Beauty Salon
• Freddie’s Fast Hair Salon
• Payment Options
• Competitive Advantage
• The J&S Brand
• Local Publications
• Major Publications
• Community Events/Organizations
• Commute Advertising
• Customer Loyalty Programs
• Direct Mail
• Ongoing Customer Communications
• Pre-Opening Events
• Pricing Strategy
• Service Functions
• Administrative Functions
• Miscellaneous
• Hiring Plan
• Revenue and Cost Drivers
• Capital Requirements and Use of Funds
• Key Assumptions & Forecasts
• Income Statement (5 Year projections)
• Balance Sheet (5 Year projections)
• Cash Flow Statement (5-Year projections)

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Download a sample barber shop business plan

Need help writing your business plan from scratch? Here you go;  download our free barber shop business plan pdf  to start.

It’s a modern business plan template specifically designed for your barber shop business. Use the example business plan as a guide for writing your own.

After  getting started with upmetrics , you can copy this sample barbershop business plan into your business plan and modify the required information and download your barbershop business plan pdf  and doc file . It’s the fastest and easiest way to start writing your business plan.

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Barber Shop Business Plan Template

Written by Dave Lavinsky

Business Plan Outline

• Barber Shop Business Plan Home
• 1. Executive Summary
• 2. Company Overview
• 3. Industry Analysis
• 4. Customer Analysis
• 5. Competitive Analysis
• 6. Marketing Plan
• 7. Operations Plan
• 8. Management Team
• 9. Financial Plan

Start Your Barber Shop Plan Here

You’ve come to the right place to create your barber shop business plan.

We have helped over 100,000 entrepreneurs and business owners create business plans and many have used them to start or grow their barber shops.

Barber Shop Business Plan Example

Below are links to each section of you barber shop business plan template:

Next Section: Executive Summary >

Barber Shop Business Plan FAQs

What is a barber shop business plan.

A barber shop business plan is a plan to start and/or grow your barber shop business. Among other things, it outlines your business concept, identifies your target customers, presents your marketing plan and details your financial projections.

You can  easily complete your barber shop business plan using our Barber Shop Business Plan Template here .

What Are the Main Types of Barber Shops?

There are many types of barber shop companies. Some barber companies are more traditional where they offer basic haircuts, shampoos, and shaves. Other barber shops focus on a more luxurious presence where they offer the same services as a traditional barber shop, but with luxury chairs and accommodations. There are some barber shops that focus on younger, trendier men that want fresh fades with designs, a trendy haircut, and/or a clean and modern beard trim.

What Are the Main Sources of Revenue and Expenses for a Barber Shop Business?

The primary source of revenue for a barber shop are the revenues it generates for the barber shop services it provides. Another revenue stream is the rent collected from the other barbers and stylists that rent space in the barber shop.

The key expenses for a barber shop business are the cost of purchasing the barber shop equipment and supplies. Other expenses are the rent and utilities for the facility.

How Do You Get Funding for Your Barber Shop Business Plan?

Barber shop businesses are most likely to receive funding from banks. Typically you will find a local bank and present your business plan to them. Another option for a barber shop is an SBA loan as they provide a lower interest rate and longer loan term. Outside investors, friends, and/or family are other common funding sources.

What are the Steps To Open a Barber Shop Business?

Opening a barber shop business can be an exciting endeavor. Having a clear roadmap of the steps to open a business will help you stay focused on your goals and get started faster.

1. Develop A Barber Shop Business Plan - The first step in opening a business is to create a detailed barber shop business plan pdf or doc that outlines all aspects of the venture. This should include potential market size and target customers, the services or products you will offer, pricing strategies and a detailed financial forecast.  

2. Choose Your Legal Structure - It's important to select an appropriate legal entity for your barber shop business. This could be a limited liability company (LLC), corporation, partnership, or sole proprietorship. Each type has its own benefits and drawbacks so it’s important to do research and choose wisely so that your barber shop business is in compliance with local laws.

3. Register Your Barber Shop Business - Once you have chosen a legal structure, the next step is to register your barber shop business with the government or state where you’re operating from. This includes obtaining licenses and permits as required by federal, state, and local laws. 

4. Identify Financing Options - It’s likely that you’ll need some capital to open your barber shop business, so take some time to identify what financing options are available such as bank loans, investor funding, grants, or crowdfunding platforms. 

5. Choose a Location - Whether you plan on operating out of a physical location or not, you should always have an idea of where you’ll be based should it become necessary in the future as well as what kind of space would be suitable for your operations. 

6. Hire Employees - There are several ways to find qualified employees including job boards like LinkedIn or Indeed as well as hiring agencies if needed – depending on what type of employees you need it might also be more effective to reach out directly through networking events. 

7. Acquire Necessary Barber Shop Equipment & Supplies - In order to start your barber shop business, you'll need to purchase all of the necessary equipment and supplies to run a successful operation. 

8. Market & Promote Your Business - Once you have all the necessary pieces in place, it’s time to open promoting and marketing your barber shop business. This includes creating a website, utilizing social media platforms like Facebook or Twitter, and having an effective Search Engine Optimization (SEO) strategy. You should also consider traditional marketing techniques such as radio or print advertising. 

Learn more about how to start a successful barber shop business:

• How to Start a Barber Shop Business

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Here is a free business plan sample for a barbershop salon.

Have you been envisioning the perfect barbershop where style and tradition blend seamlessly, but you're not sure how to turn that vision into reality?

Look no further, as we're about to present you with a comprehensive business plan tailored for aspiring barbershop owners.

Creating a detailed business plan is crucial for any entrepreneur. It serves as a roadmap, guiding you through the establishment and growth of your business, ensuring that you stay focused on your objectives and strategies.

To get started on the path to success, take advantage of our barbershop business plan template. Our team is also on hand to provide a free review and fine-tuning of your plan, setting the foundation for your barbershop's future.

How to draft a great business plan for your barbershop salon?

A good business plan for a barbershop must cater to the unique aspects of the grooming and personal care industry.

Initially, it's important to provide a comprehensive overview of the market. This includes current statistics and identifying emerging trends within the grooming sector, as illustrated in our barbershop business plan template .

Your business plan should articulate your vision clearly. Define your target market (such as local residents, professionals, students), and establish the distinctive appeal of your barbershop (traditional, modern, specializing in certain styles or treatments).

Market analysis is the next critical component. This requires a thorough examination of local competitors, industry trends, and consumer preferences specific to grooming services.

For a barbershop, particular emphasis should be placed on the services you intend to provide. Outline your service offerings - haircuts, shaves, beard trims, grooming products - and discuss how they cater to the demands and tastes of your intended clientele.

The operational plan is equally vital. It should detail the location of your barbershop, the layout of the cutting and waiting areas, supplier relationships for grooming products, and the service delivery process.

In the barbershop business, it is crucial to highlight the expertise of your barbers, the quality of your equipment, and adherence to hygiene and safety standards.

Then, delve into your marketing and sales strategy. How do you plan to attract and keep clients? Explore promotional tactics, customer loyalty programs, and potential ancillary services (like selling grooming products).

Today, a digital strategy is indispensable. Consider how a website or social media engagement can enhance your barbershop's visibility and customer interaction.

The financial framework is another cornerstone. This section should encompass the initial investment, revenue projections, ongoing expenses, and the point at which the business will break even.

In a barbershop, it's essential to have a precise understanding of service costs and potential profit margins. For assistance with this, refer to our financial forecast for a barbershop .

Compared to other business plans, a barbershop's plan must pay closer attention to factors such as the experience and retention of skilled barbers, specific health and sanitation regulations, and the potential for repeat business due to the personal nature of the services.

A well-crafted business plan is a tool for the owner to refine their strategy and attract investors or loans.

Investors and lenders are looking for a solid market analysis, realistic financial projections, and a comprehensive understanding of the day-to-day operations of a barbershop.

By presenting a thorough and substantiated plan, you showcase your dedication and preparedness for the success of your venture.

To achieve these goals while saving time, you can fill out our barbershop business plan template .

A free example of business plan for a barbershop salon

Here, we will provide a concise and illustrative example of a business plan for a specific project.

This example aims to provide an overview of the essential components of a business plan. It is important to note that this version is only a summary. As it stands, this business plan is not sufficiently developed to support a profitability strategy or convince a bank to provide financing.

To be effective, the business plan should be significantly more detailed, including up-to-date market data, more persuasive arguments, a thorough market study, a three-year action plan, as well as detailed financial tables such as a projected income statement, projected balance sheet, cash flow budget, and break-even analysis.

All these elements have been thoroughly included by our experts in the business plan template they have designed for a barbershop .

Here, we will follow the same structure as in our business plan template.

Market Opportunity

Market data and figures.

The barbershop industry is a stable and essential service sector with a consistent customer base.

Recent estimates value the global barbershop market at tens of billions of dollars, with a steady clientele that ensures its ongoing relevance. In the United States alone, there are over 100,000 barbershops, contributing significantly to the economy and providing employment opportunities.

These numbers underscore the barbershop's enduring place in American society and its substantial economic contribution.

The grooming industry is witnessing a resurgence of traditional services blended with modern trends. Men's grooming has expanded beyond the basic haircut, with an increased focus on beard styling, facial treatments, and even manicures for a well-rounded grooming experience.

There is a growing emphasis on the use of organic and natural products, as customers become more health-conscious and concerned about the ingredients in grooming products.

Barbershops are also becoming social hubs, where customers can relax and socialize, reflecting a trend towards creating a more engaging and community-oriented experience.

Additionally, the rise of mobile and at-home barber services caters to the busy lifestyles of modern consumers, offering convenience and personalized service.

With the increasing importance of personal branding and online presence, customers are seeking more customized and unique hairstyles to stand out, driving barbershops to offer bespoke services.

Success Factors

The success of a barbershop hinges on several critical aspects.

Foremost is the skill and expertise of the barbers. A barbershop that employs experienced and well-trained barbers who can deliver a wide range of styles and services is more likely to develop a dedicated clientele.

Creating a welcoming and comfortable atmosphere is also vital, as it enhances the overall customer experience and encourages repeat visits.

The location of the barbershop plays a significant role in its success, with high-traffic areas often leading to higher visibility and walk-in traffic.

Exceptional customer service is paramount, as personalized attention can foster loyalty and positive word-of-mouth referrals.

Lastly, effective business management, including cost control, marketing, and the ability to adapt to changing grooming trends, is essential for the sustained success and growth of a barbershop.

The Project

Project presentation.

Our barbershop project is designed to cater to the grooming needs of the modern man, offering a blend of traditional and contemporary haircuts and styling services. Situated in a bustling urban area or near business districts, this barbershop will provide a range of services from classic cuts and beard trims to the latest trends in men's hair fashion, all delivered with exceptional skill and attention to detail.

The emphasis will be on creating a welcoming and comfortable atmosphere where clients can relax and enjoy a premium grooming experience.

This barbershop aims to establish itself as a go-to destination for men of all ages seeking a refined and personalized approach to their grooming routine, thereby enhancing their confidence and personal style.

Value Proposition

The value proposition of our barbershop project is centered on delivering a superior grooming experience tailored to the individual style and preferences of each client.

Our dedication to craftsmanship, ambiance, and personalized service offers a unique and memorable visit, while contributing to the self-assurance and satisfaction of our customers.

We are committed to fostering a space where men can unwind, refresh, and feel their best, and aim to set a new standard in men's grooming by combining tradition with innovation.

Our barbershop aspires to be a cornerstone in the community, providing a space not just for haircuts, but for building relationships and promoting the timeless art of men's grooming.

Project Owner

The project owner is a seasoned barber with a passion for the craft of men's grooming.

With years of experience in the industry and a keen eye for style, he is determined to launch a barbershop that distinguishes itself through its dedication to quality, comfort, and style.

With a vision of creating a community hub for grooming and camaraderie, he is committed to offering exceptional service that exceeds the expectations of the modern gentleman.

His commitment to the trade and his enthusiasm for innovation make him the driving force behind this project, aiming to elevate the barbershop experience for clients who value personal care and style.

The Market Study

Market segments.

The market segments for our barbershop are diverse and cater to a wide range of clients.

Firstly, we have individuals who value personal grooming and regular hair maintenance, making them frequent visitors to our establishment.

Next, there are clients who are looking for a luxurious grooming experience, including premium services such as hot towel shaves, beard trims, and scalp massages.

Another segment includes those who are interested in the latest hair trends and styles, relying on professional barbers to provide them with a modern and stylish look.

Lastly, we also cater to a clientele that values a community atmosphere, where the barbershop serves as a social hub for local gatherings and conversations.

SWOT Analysis

A SWOT analysis of our barbershop project highlights several key factors.

Strengths include a skilled team of barbers with a passion for grooming, a welcoming and comfortable atmosphere, and a strong reputation for quality service.

Weaknesses may involve the challenge of building a client base in a competitive market and the initial costs associated with establishing a premium service offering.

Opportunities can be found in the growing trend of men investing more in personal grooming and the potential to expand services to include additional grooming products and treatments.

Threats might include the emergence of new competitors in the area, economic downturns affecting discretionary spending, and shifts in grooming trends.

Competitor Analysis

Competitor analysis in the barbershop industry indicates a competitive landscape.

Direct competitors include other local barbershops and grooming salons, as well as franchise chains that offer similar services.

These competitors vie for clients who are loyal to their grooming routine and who appreciate a high level of service.

Potential competitive advantages for our barbershop include a unique customer experience, superior technical skills, a strong brand identity, and the ability to quickly adapt to changing fashion and grooming trends.

Understanding the strengths and weaknesses of our competitors is crucial for carving out a niche in the market and ensuring customer loyalty.

Competitive Advantages

Our barbershop's competitive edge lies in the exceptional skill set of our barbers and the premium customer service we provide.

We offer a comprehensive range of services, from classic cuts to modern styling, all performed with meticulous attention to detail to ensure every client leaves looking their best.

Our dedication to creating a welcoming and inclusive environment helps us foster strong relationships with our clients, solidifying their trust in our brand.

We also emphasize the importance of a clean and hygienic workspace, using top-of-the-line tools and products, which reassures our clients of the high standards we uphold in every aspect of our service.

You can also read our articles about: - how to open a barbershop salon: a complete guide - the customer segments of a barbershop salon - the competition study for a barbershop salon

The Strategy

Development plan.

Our three-year development plan for the modern barbershop is designed to establish a strong brand presence in the grooming industry.

In the first year, we will concentrate on building a loyal client base by providing exceptional service and creating a welcoming atmosphere.

The second year will focus on expanding our services and possibly opening additional locations in high-traffic areas to increase our market reach.

By the third year, we aim to innovate our service offerings, incorporating advanced grooming techniques and exploring partnerships with grooming product companies to enhance our service quality.

Throughout this period, we will prioritize customer satisfaction, employee training, and staying ahead of industry trends to ensure we remain a top choice for grooming services.

Business Model Canvas

The Business Model Canvas for our barbershop targets individuals seeking high-quality grooming services and a superior customer experience.

Our value proposition is centered around providing expert haircuts, shaves, and grooming services in a comfortable and masculine environment.

We offer our services primarily at our physical location, utilizing key resources such as skilled barbers, quality grooming products, and a well-designed shop atmosphere.

Key activities include delivering consistent grooming services, managing customer relationships, and maintaining a clean and inviting shop environment.

Our revenue streams are generated from the provision of grooming services, sale of grooming products, and potential membership or loyalty programs.

Our costs are mainly associated with staff salaries, shop maintenance, and marketing efforts.

Find a complete and editable real Business Model Canvas in our business plan template .

Marketing Strategy

Our marketing strategy is centered on building a strong brand identity and community engagement.

We plan to attract and retain customers by offering a superior grooming experience and promoting our services through local events, social media, and word-of-mouth referrals.

We will also create partnerships with local businesses and sponsor community events to increase visibility.

Additionally, we will leverage online booking systems and customer reviews to build trust and convenience for our clients.

Our aim is to become a recognized and respected brand within the community, synonymous with quality and reliability in grooming services.

Risk Policy

The risk policy for our barbershop is designed to mitigate risks associated with service quality, customer satisfaction, and operational efficiency.

We will ensure all barbers are fully trained and adhere to the highest standards of hygiene and professionalism.

Regular staff training and equipment maintenance will be conducted to prevent service disruptions.

We will also manage financial risks by maintaining a conservative budget and monitoring cash flow closely.

Insurance coverage will be secured to protect against potential liabilities related to our services and operations.

Our focus is on delivering a safe and satisfying experience for every customer that walks through our doors.

Why Our Project is Viable

We are confident in the viability of our barbershop due to the increasing demand for specialized grooming services.

With our dedication to quality, customer experience, and staying current with grooming trends, we believe we can carve out a significant niche in the market.

We are excited to offer a space where clients can relax, refresh, and enjoy the camaraderie of a traditional barbershop with a modern twist.

We are adaptable and ready to evolve with the industry to ensure the long-term success of our business.

We look forward to the opportunity to serve our community and grow a loyal customer base with our barbershop.

You can also read our articles about: - the Business Model Canvas of a barbershop salon - the marketing strategy for a barbershop salon

The Financial Plan

Of course, the text presented below is far from sufficient to serve as a solid and credible financial analysis for a bank or potential investor. They expect specific numbers, financial statements, and charts demonstrating the profitability of your project.

All these elements are available in our business plan template for a barbershop and our financial plan for a barbershop .

Initial expenses for our barbershop include the cost of leasing a suitable location, outfitting the shop with high-quality barber chairs and equipment, obtaining the necessary licenses and permits, purchasing initial inventory such as hair care products and grooming tools, and investing in staff training to ensure top-notch service. Additionally, expenses will cover the creation of a strong brand identity and the execution of marketing strategies to attract our target clientele.

Our revenue assumptions are based on a thorough market analysis of the local demand for professional barbering services, taking into account factors such as population demographics, competition, and current grooming trends.

We expect a steady increase in clientele, beginning with a conservative estimate and expanding as our barbershop gains recognition for its exceptional services.

The projected income statement outlines expected revenues from services provided, product sales, and other offerings, while detailing costs of goods sold (such as hair care products), labor expenses, and operating costs (rent, utilities, marketing, salaries, etc.).

This results in a forecasted net profit that is essential for assessing the long-term viability of our barbershop.

The projected balance sheet will display assets unique to our barbershop, like salon equipment and product inventory, against liabilities such as loans and accounts payable.

It will provide a snapshot of the financial standing of our barbershop at the conclusion of each fiscal period.

Our projected cash flow statement will itemize all cash inflows from services rendered and product sales, against cash outflows for expenses and purchases. This financial tool is crucial for predicting our cash requirements and ensuring smooth financial operations.

The projected financing plan will detail the sources of funding we intend to tap into to cover our initial setup costs.

The working capital requirement for our barbershop will be diligently tracked to maintain sufficient liquidity for day-to-day operations, such as restocking grooming supplies, managing inventory, and fulfilling payroll obligations.

The break-even analysis for our barbershop will calculate the volume of services we need to provide to offset all our costs, including the initial investment, and begin generating profit.

It will signal the point at which our business becomes financially sustainable.

Key performance indicators we will monitor include the average revenue per customer, the frequency of repeat customers, the profitability of our service offerings, and the overall customer satisfaction level.

These metrics will be instrumental in gauging the financial health and success of our barbershop.

If you want to know more about the financial analysis of this type of activity, please read our article about the financial plan for a barbershop salon .

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Hair And Beauty Salon Business Plan

Start your own hair and beauty salon business plan

Trend Setters Hair Studio

Executive summary executive summary is a brief introduction to your business plan. it describes your business, the problem that it solves, your target market, and financial highlights.">, opportunity.

There is a need for a full-service beauty salon dedicated to consistently providing high customer satisfaction by rendering excellent service, quality products, and furnishing an enjoyable atmosphere at an acceptable price/value relationship.

We plan to supply services and products that enhance our clients’ physical appearance and mental relaxation.

We will be targeting male and female clients who are fashion conscious and have disposable income.  Our clients are mostly women, but we will make sure to include men who fit the criteria as well

Competition

There are a number of salons like ours, but they are mainly in the very high income parts of MyTown and surrounding areas. We do not intend to compete with these so called “Day Spas.” We wish to offer a middle ground for those clients who can’t quite afford those high-end luxury salons.

Trend Setters will, upon commencement of operations, sell a wide range of beauty services and products. We will provide quality hair, nail, and skin services, along with top lines of beauty products. What will set Trend Setters apart from the competition is our commitment to providing all of these services in one convenient location.

Expectations

The forecast shows small profits leveling out in the third year. We believe this is realistic, even conservative. Of course we will be watching actual results on a monthly basis, and revising the forecast as necessary.

Financial Highlights by Year

Financing needed.

We plan on needing $60K owner’s investment and getting a $50K vendor financing to purchase equipment.

Starting costs include $50K cash cushion, $9K starting expenses before launch, and $53K tangible assets at launch.

Problem & Solution

Problem worth solving.

There is a demand for high fashion haircuts, manicures, and pedicures at reasonable prices. Men and women should not need to sacrifice their essentials to get a treatment that makes them feel good about themselves. 

Our Solution

Trend Setters is a full-service beauty salon dedicated to consistently providing high customer satisfaction by rendering excellent service, quality products, and furnishing an enjoyable atmosphere at a reasonable price/value relationship. We will also maintain a friendly, fair, and creative work environment, which respects diversity, ideas, and hard work.

Target Market

Market size & segments.

The market is our town, middle class, mostly women, so largely moms, working moms, and singles. 

We’re not doing formal market research because we know this market pretty well and we’re comfortable with market prospects in our town. We’ve been in this business for decades now. If we execute right, our customers will come in as we bring in our beauticians and barbers.

Current Alternatives

We’re well aware of a lot of competition, existing salons, all over town. We are not going to try to compete with the expensive spa salons around, with visibly fancy locations; and we are going to look nicer and price above the less fashionable strip mall and in-home options. 

We’re not pretending to be unique. We intend to bring in loyal customers because we are good people, easy to work with, good at what we do, friendly, and helpful. 

Our Advantages

Trend Setters wants to set itself apart from other beauty salons that may offer only one or two types of services. Having come from such a salon, Curley has realized, from talking with her clients, that they desire all of the services that we are proposing, but they remain frustrated because they must get their hair done at one place, and nails done at another. Although the focus of Trend Setters is hair services, we do wish to offer our clients the convenience of these other services in one location.

There are a number of salons like ours, but they are mainly in the very high-income parts of MyTown and surrounding areas. We do not intend to compete with these so-called "Day Spas." We wish to offer a middle ground for those clients who can’t quite afford those high-end luxury salons.

Our business atmosphere will be a relaxing one where clients can kick back and be pampered. Soft drinks will be offered to clients as they enter for service. Televisions will be located in the waiting and hair-drying area.

Keys to Success

The keys to success in our business are:

• Location: providing an easily accessible location for customers.
• Environment: providing an environment conducive to giving relaxing and professional service.
• Convenience: offering clients a wide range of services in one setting, and extended business hours.
• Reputation: reputation of the owner and other "beauticians" as providing superior personal service.

Marketing & Sales

Marketing plan.

We anticipate regular steady social media presence, in Facebook and Twitter. Our experience has shown that social media is the best advertising for this type of business. We will, however, run specials occasionally. We will also ask clients for social media referrals, and reward them with discounted or free services depending on the number of clients they bring. We will also offer discounts to the new clients who have been referred. 

We expect income to increase steadily over the next three years, as the reputation of the salon, its stylists and services become apparent to the general public. Second year revenues also anticipate the addition of one new stylist.

Locations & Facilities

The salon will be located in a retail strip mall at 1234 Stylish Road, MyTown. The salon will utilize 1,540 square feet. The location is strategically situated on one of the busiest streets in MyTown. It is a high profile area, with easy access from all parts of town.

Milestones & Metrics

Milestones table, key metrics.

The key metrics that will make this business a success is: 

• Average revenue per client per month.
• Average breakdown revenue from previous clients vs. revenue from new clients. We’ll develop specific standards as we go, so first we track. This will show us repeat business and new leads from word of mouth. 
• New clients from word of mouth. We’re going to have the discipline to ask new clients how they heard about us. As we develop the business we’ll track this metric and see how the different people compare. 
• Facebook likes and Twitter follows. We’ll develop standards as we develop the business. We need experience to see how this works. 

Ownership & Structure

Curley Comb, co-owner with Roller Comb, Jr., co founded and co own this llc 

Management Team

Curley Comb, co-owner with Roller Comb, Jr., her husband, has worked in a prestigious, upscale salon in MyTown, Texas for the past two years. Curley has created a large client following through hard work and dedication. Curley, and her talented team of beauticians, has what it takes to make this venture an extremely successful one. We expect our growing reputation to lead to new clients and beauticians to support our anticipated growth.

Personnel Table

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• We’ll be using a full commission model with stylists and barber getting 60% commission on revenue. Industry average runs 45-65%. We’re on the high end because we are not offering a guaranteed base. This is what we’re used to. The owner will take a straight salary plus dividends on profits. 
• We’ve looked at the booth rental model but we’re used to commission and that creates a more orderly process for payments too, with all stylists able to use our credit card account.
• There can occasionally be issues with commission base related to reporting revenue, but we are a small salon with the owner mostly present.  
• We project revenues lower than average over the first few months, and then stable. We anticipate annual increase to stay steady throughout the following year to account for the normal flow of new clients coming into the salon. Estimates for sales revenue and growth are intentionally low, while anticipated expenses are exaggerated to the high side to illustrate a worst-case scenario.
• Our direct costs are mainly stylist and barber commissions plus direct costs of the products we intend to sell, plus an estimate for the ongoing cost of products, supplies, etc. 
• Product sales are a minimal part of our market. We are not quite sure how much revenue will be derived from products, so we took a low-ball approach and estimated sales of $800 a month.  Also in the sales projections table are services such as nails and massages. We are not quite sure how much revenue these two services will generate. We are certain that in time these services will be a large part of our revenue, but to err on the conservative side, we estimate revenues from these services to be only $1,500 a month for the first year.

Revenue by Month

Expenses by month, net profit (or loss) by year, use of funds.

We estimate initial purchase of $50,000 in equipment plus $1,000 for starting inventory and $2,000 for other current assets (supplies mostly) and $9,000 in initial loss for expenses incurred before launch. These include legal, location fix-up, early marketing expenses, branding, logo, and social media. 

We also estimate needing $50,000 cash cushion when we start. 

Total starting costs, therefore, are $9K in expenses plus $103,000 in assets including $53,000 tangible assets and $50,000 cash in the bank. 

Sources of Funds

We anticipate $60,000 in owner investment from owner savings, which shows up as paid-in capital in the initial balance; plus a 5-year $50,000 vendor/manufacturer loan to finance initial equipment. 

Projected Profit & Loss

Projected balance sheet, projected cash flow statement.

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Barber shop business plan template + PDF

In this article, you will find an exemplary business plan for barber shop, offering a detailed framework to guide you through establishing and managing your own barber shop. It's crucial to understand that while all names and numbers in this barber shop business plan template are invented for illustrative purposes, they can be adjusted to suit the specific needs and realities of your barber shop business.

Additionally, for ease of use and customization, a Barber Shop Business Plan PDF is available for download. This article serves as an invaluable tool for entrepreneurs who are keen on developing a robust and practical strategy for launching or growing their barber shop, providing a clear roadmap and comprehensive insights into the industry.

How this barber shop business plan sample was created

To create a personalized business plan for your barber shop, all you need to do is click on "Get your business plan" . You'll be prompted to answer a few questions about your barber shop, providing essential details about your business. Our advanced AI system will then use this information to generate a comprehensive business plan tailored to your specific needs and goals. This process takes only 5-10 minutes, after which you receive a fully structured plan. The beauty of this system lies in its flexibility; you can edit and customize the plan to perfectly align with your vision. Once finalized, you have the option to save it to your computer, ensuring that your barber shop's roadmap to success is just a few clicks away.

Barber shop business plan sample

Executive summary, business description, market research and analysis.

• Organizational Structure and Management Team

Products or Services

Marketing and sales strategy, operations plan, financial projections, risk analysis.

Urban Edge Barbers is a young, contemporary and fashion-forward barber shop targeting individuals aged 18-25 within the local community. The company plans to differentiate itself through its cutting-edge haircuts, beard grooming services, and a range of high-quality hair care products.

The company is structured as an owner-operated small business, helmed by seasoned barber and experienced entrepreneur, Jordan Smith. Alongside him, the business comprises a dynamic team including receptionist and customer relations expert Alex Taylor, and marketing specialist Riley Morgan.

In terms of operations, the business intends to operate from Monday to Saturday, between 9 AM and 7 PM. Staff shifts will be organized on a rotational basis to ensure constant service availability during operating hours, supplemented by regular stock checks, quality control measures, and an effective system for gathering customer feedback.

The marketing and sales strategy rests on multiple pillars: maintaining an active social media presence on platforms like Instagram and Facebook, local advertising through collaboration with local businesses, a customer referral program, an easy-to-navigate website equipped with an online booking feature, and active participation in local community events.

Given the competitive business landscape, key risks include market competition, economic downturns, staff turnover, changing consumer trends, and operational disruptions. Mitigation measures include differentiation through unique offerings, staying up-to-date with industry trends, maintaining competitive prices, offering conducive work environments to staff, and proactively scheduling regular equipment maintenance.

In terms of competition, the business identifies "Style Studio Salon" , "Downtown Gents Barbershop" , and "Modern Mane Men's Salon" as its key competitors. However, thanks to a specialized focus on trendy styles and high-quality personal grooming services, the business holds a unique position in the market.

Financial projections for the next three to five years indicate a trajectory of steady growth. The first year will be primarily devoted to initial investments, with a gradual increase in revenue anticipated. By the end of Year 1, the business expects to break even. From Years 2 to 3, we foresee a steady increase in clientele, leading to an estimated 20% annual growth. As we expand our product line and services, we predict stronger customer retention. In Years 4 and 5, with a solid customer base established, we project an annual revenue growth rate of 25 to 30%, potentially expanding our footprint with a second location.

In conclusion, Urban Edge Barbers is well-armed with a dynamic team, a unique service offering and strategic marketing and operations plans. Thus, we are poised to successfully differentiate our brand in a competitive market and carve out a niche among the younger, style-conscious demographic.

Business Name and Location: "Urban Edge Barbers" is slated to launch its flagship location at the bustling heart of the city, known for its young, vibrant community and thriving business ecosystem.

Business Industry: Urban Edge Barbers will operate within the grooming and barber service industry, offering an array of premium haircuts and styling services targeted at fashion-conscious clients.

Business History: The concept of Urban Edge Barbers was conceived by its founder, Jordan Smith, with over a decade of experience in barbering and an acute understanding of emerging trends within the industry. Recognizing a gap in the market for a dynamic and modern barber shop, the plan for Urban Edge Barbers was put into motion.

Mission Statement: "To deliver exceptional grooming experiences, embracing individual style and personality, one haircut at a time" . We aim to offer a personal touch, focusing on tailor-made hair solutions with a blend of contemporary aesthetics, fostering a space where our clients can feel at ease and confident in their style.

Legal Structure: As a small business entity, Urban Edge Barbers is an owner-operated establishment constituting a sole proprietorship.

Long-term Potential: Urban Edge Barbers aims to establish itself as a trailblazer in the local market over the span of the initial three years, post which the plan is to scale and replicate our business model across multiple locations. Leveraging digital marketing and a strong community presence, Urban Edge Barbers anticipates the steady acquisition of a loyal client base, which will underpin its long-term growth strategy.

Financially, in the first year, the business anticipates a period dominated by initial costs and investments, with revenue growth gradually increasing, culminating in breakeven by year-end. As the company moves into years two and three, a steady increase in revenue coupled with the addition of new services and products is forecasted to contribute to a 20% year-on-year growth. By the close of the fifth year, the business expects to have established a strong customer base and is forecasted to witness a robust increase in revenue growth by 25%-30%.

In congruence with solidifying its financial standing, Urban Edge also plans to explore the viability of diversification and expansion via the launch of related grooming products under the Urban Edge brand.

In conclusion, Urban Edge Barbers is positioned to make a substantial impact on the local grooming service industry with its modern approach to barbering. Focusing on quality, personalization, and keeping abreast of the latest fashion trends, the business is primed for success, positioning it well for future expansion and growth.

The business we're launching is Urban Edge Barbers, located in the heart of a bustling city catering largely to stylish young professionals in search of a versatile and cutting-edge grooming experience. The barber industry presently is a booming $5 billion market, witnessing positive growth trends over the past half-decade, and is expected to maintain this trajectory considering the increasing emphasis on personal grooming and appearance within our target market.

Our primary customers consist of trendy and fashion-conscious individuals aged between 18 and 25, a demographic that currently represents a sizeable 20% of the city's population. However, our target market extends to any individual seeking a fresh and contemporary grooming experience. The growth potential of this market is significant, given the rising population of young professionals in the city and the projected growth rate of 3-5% per annum.

Based on our market research, this demographic prioritizes not just quality and efficiency in their barbering services, but also a space where the latest style trends are not just followed but created. This market demands personalized services, a creative approach to grooming, and flexible availability of appointments.

Observing the latest market trends and patterns, we discern a robust growth potential in a barber shop model that not merely offers grooming services but also doubles as a meet-up location, solidifying their cool-hangout reputation. The trend is towards experiential barbering spaces.

Our key competitors are "Style Studio Salon" , "Downtown Gents Barbershop" , and "Modern Mane Men's Salon" . Style Studio Salon holds a significant 20% market share, backed by its traditional service offering and robust market presence. Downtown Gents Barbershop, with a 15% market share, banks on its vintage charm and is popular among the older demographic. Modern Mane Men's Salon, holding a 10% market share, offers similar services to ours but lacks emphasis on personalization.

Although our market is reasonably competitive, our business model that combines an up-to-date grooming service with an experiential space sets us apart. Our lead barber Jordan Smith's expertise, combined with Alex Taylor's client service skills and Riley Morgan's innovative marketing strategies, make up a formidable trio providing us an edge over our competitors.

The potential barriers in our way to market entry may include obtaining appropriate licensing, recruiting skilled staff, establishing supply chains for premium grooming products, and standing out in a competitive marketplace. Strategies to overcome these barriers include ensuring rigorous compliance with regulations, providing attractive employment packages for quality talent, establishing relationships with topnotch suppliers, and a robust and distinct market presence using innovative branding strategies.

In conclusion, Urban Edge Barbers is well-placed to make a significant impact in the booming barbering industry. With a clear understanding of our target market needs, a robust plan to negotiate barriers, and a dynamic team to execute this vision, we expect profitable growth over the coming years.

Organizational Structure and Management

Urban Edge Barbers operates under a flat organisational structure aimed at promoting collaboration and enhancing efficiency. At the apex of the structure is the owner and lead barber, Jordan Smith. He is ably supported by Alex Taylor, a seasoned customer relations specialist who handles all reception duties, including appointment scheduling. Assisting them in crafting brand visibility and growth is Riley Morgan, the team's marketing strategist.

Despite its seemingly compact size, the team encapsulates a wealth of experience and expertise in their respective roles. Jordan, with over a decade of experience in the art of barbering, remains on top of modern men's hairstyles. Alex is a customer service maven with an unparalleled mastery of organizational logistics, while Riley, a degree holder in marketing, brings on board cutting-edge digital marketing techniques.

In anticipation of business growth and expansion, more staff will be hired to meet the demand. Current projections suggest the need for two additional barbers in the next two years and a possible recruitment of a human resource manager should the business scale up faster.

Urban Edge Barbers believe in fostering a culture of mutual respect and swift resolution of staff disputes, hence the need for transparent human resource hiring policies and practices. To maintain a harmonious working environment, the business will endeavor to ensure equality in recruitment. Detailing staff obligations, leave allocations, working hours, and remuneration will be clearly stipulated in the employee handbook.

The business will rely on the expertise of external consultants, mainly for legal and financial advice. A local accounting firm, Branson & Associates, will provide financial consultation, ensuring that the barber shop complies with local and federal tax law and maintains its financial health.

In summation, Urban Edge Barbers exemplifies a potent mixture of expertise, innovative management structure, and sound HR practices that will undoubtedly guarantee its growth and success. The deeply ingrained culture of equality and respect, coupled with its penchant for nurturing talent, speaks volumes about its vision and deliberate focus on becoming a leader in the industry.

Urban Edge Barbers specialises in a range of grooming services including, but not limited to, haircuts, scalp treatments, beard grooming, and a selection of other premium personal grooming services. All services are performed by trained barbers with comprehensive knowledge of hair types, scalp health, and latest trends in men's hairstyles.

The business also offers sales of a curated range of high-quality hair care and beard grooming products. These products have been carefully selected for their superior ingredients, exceptional performance, and ethical manufacturing practices.

One of the unique selling propositions of Urban Edge Barbers is our location-based tailoring of services. Understanding that trends and styles fluctuate based on demographics and location, our team stays ahead of the curve by constantly researching and innovating based on the local fashion landscape.

Currently, the business is in the start-up stage and our team has been diligently working on procuring high-quality equipment, sourcing suppliers for hair and beard care products, recruiting experienced barbers, and finalising the décor to echo the trendy and edgy company ethos.

The Urban Edge Barbers’ logo has been registered as a trademark at the United States Patent and Trademark Office (USPTO). The company is also in the process of patenting a unique scalp treatment mix formulated by our lead barber, Jordan Smith. The exact recipe and process are confidential for business reasons.

The production process for services begins with consultation where our barbers understand the client's requirements and make recommendations based on their hair type, face shape, and personal style. Following the service, customers are guided on how to maintain their hair or beard style at home. In terms of products, we have direct tie-ups with national distributors, who source the products from manufacturers, which are then stocked at our shop.

We have multiple suppliers for our product range, ensuring that a shortage from one supplier does not affect our inventory. For instance, our hair care range is supplied by Brilliant Hair Co., a renowned brand in the industry, while beard care products are sourced from two suppliers, Manly Mane and Beard Bros Supply, both well-reputed brands in their own right.

Overall, Urban Edge Barbers stands at the intersection of style, sophistication, and quality, ready to revolutionise the grooming experience of the urban gentleman. Our focus on localized trends and innovation, backed by our intellectual property, outlining the production process, and strategic supplier relations, are the foundational pillars on which this idea is being brought to life.

The central principle guiding our marketing strategy at Urban Edge Barbers is to cater to the trend-conscious and style-forward needs of our target demographic, young professionals and fashion-forward individuals aged between 18-25 years.

In keeping with this goal, our primary marketing channels will be social media platforms like Instagram and Facebook. By showcasing our diverse range of services, cutting-edge hairstyles, and professional staff, we aim to attract our target customers. Social media platforms also provide opportunities for engaging with customers in a more relaxed and informal way.

Our marketing plan includes regular engagements like themed posts, active interaction with followers, sharing customer testimonials, posting before and after transformation images, and sharing grooming tips and tutorials. We will also focus on local search engine optimization and online reputation management to ensure that we are easy to find and customers find positive reviews about us when they search for us online.

In addition, our sales strategy combines the efforts of our in-shop sales team that includes all our barbers and our receptionist. The team is trained to upsell services and products at the point of sale. This involves suggesting additional services during consultation and product recommendations during or post-service.

Another component of our sales plan is to offer online booking options to our clients. By partnering with an automated booking software platform, we aim to provide our clients with around-the-clock, easy-to-use, and flexible booking options. This service allows customers to choose their preferred barber, service, and appointment time, which also aids in smooth shop operations and resource allocation.

Urban Edge Barbers believes in value-based pricing. Services are priced based on the complexity, time taken, and the levels of expertise required. We aim to maintain competitive pricing in the area to ensure affordability without compromising on service quality.

Distribution channels cover both our physical location for first-hand services and our online platform for service bookings and product sales. We also anticipate creating relationships with local gyms, corporations, and local universities to provide mobile services to these groups at special events.

For promotion and advertising, we plan to invest in local print media, online pay-per-click (PPC) ads, and industry-specific magazines. The launch of the shop will be promoted heavily with an inauguration event and opening month discounts. A referral program will also be implemented to incentivize existing patrons to bring companions.

Lastly, our customer service policy is focused on 100% customer satisfaction. A feedback system will be implemented to make sure every customer is allowed to voice their opinion. We will offer support through multiple channels such as phone, email, and social media, providing timely and helpful responses to questions or concerns.

Our marketing and sales strategy at Urban Edge Barbers is rooted in understanding our customers, offering high-quality services, and maintaining robust customer relations. It harnesses the power of digital tools while remaining grounded in the principles of genuine hospitality and superb customer service.

Operational Workflow:

At Urban Edge Barbers, daily operations will be organised by our receptionist and customer relations manager, Alex Taylor, who will maintain an updated scheduling system to ensure appropriate time allocation for each client. Our opening hours will run from 9 AM to 7 PM six days a week with only Sundays being off.

Production/Service Delivery Processes:

Upon arrival, each client will be greeted by our receptionist and checked into our system. After a short waiting period in our comfortable waiting area, our clients will be attended by our skilled barbers who will take time to listen to their preferences before giving them the desired haircut or grooming service.

Quality Control Measures:

The quality of our service delivery will be placed under stringent checks to maintain our high standards. Our barbers will receive regular training under the guidance of our lead barber, Jordan Smith, to ensure they are updated with the latest trends and techniques in men's grooming.

Inventory Management:

We will conduct stock checks at regular intervals to ensure we neither overstock nor understock our inventory of grooming products and supplies. Our inventory will be managed digitally to ensure easy tracking and swift, effective re-stocking from our suppliers.

Supply Chain Management:

Our supply chain will be streamlined and efficient, derived from cemented relationships with trusted suppliers for grooming products and equipment. We maintain this by negotiating favourable terms that allow for prompt deliveries and quality supplies.

Facilities and Equipment Needs:

Urban Edge Barbers will be housed in a comfortable, spacious and modern facility equipped with all the necessary grooming equipment. Our facility will have three barber stations paired with comfortable barber chairs, washbasins, and storage cabinets. There will also be a reception area, waiting area and stock/inventory room. Mirrors, hair trimmers and clippers, scissors, combs, towels, cleaning supplies and protective gear amongst others are part of our initial equipment requirement.

We will use both direct purchase and leasing options for our equipment needs. While equipment like barber chairs and stations will be directly purchased, we might explore leasing options for certain expensive equipment such as high-end hair care and treatment machinery if required in future. All our equipment will be periodically tested to ensure health and safety standards are met.

In conclusion, Urban Edge Barbers ensures a smooth operational plan that guarantees a consistent service experience for our clients, regulated inventory and supply chain management and meeting all facility and equipment needs efficiently and economically.

As a start-up looking to disrupt the barber services market, Urban Edge Barbers has worked diligently to prepare a comprehensive financial projection to offer insight into our financial future.

• Sales Forecast: Our sales forecast for the first year is approximately $150,000, based on reasonable assumptions regarding customer acquisition and product service sales. By strategically marketing our services, offering highly sought-after endorsements, and using our talented team's networking, we intend to outperform these projections.
• Profit and Loss Projection: Considering all overhead costs, we expect to break even by the end of the first year and anticipate a slight profit of around 10% in our second year. By the third year, we aim to see a consistent profit margin near 25%.
• Cash Flow Projection: The cash flow forecast shows that Urban Edge Barbers will have a positive cash flow from the second year onward, after considering all expenses, including staff salaries, rent, maintenance, and advertising costs.
• Balance Sheet Projection: Our balance sheet accounts for all the assets, liabilities, and owner’s equity. The primary assets include cash, accounts receivables, and inventory. The liabilities consist of our debts, account payable, and accrued expenses. The owner's equity will be the difference between our assets and liabilities.
• Break-Even Analysis: Based upon cautious market penetration projections and considering overhead and fixed costs, Urban Edge Barbers expects to reach its break-even point by the end of the first year. This will be helped largely by the careful management of cash flow and strict adherence to payment schedules on both the collecting and paying ends.
• Financial Assumptions: The prime financial assumptions include a moderate economy with no major downturns which could affect consumer spending. Additionally, we have assumed a continuous increase in client base and moderate competition in the market over the next five years.
• Considerations: Our financial plan takes into consideration potential risks and challenges including potential economic downturn, staff turnover, increased competition, and market saturation. Strategies for mitigating these risks form an integral part of our business model.

In conclusion, our financial projections suggest an optimistic portrait for Urban Edge Barbers. With sound fiscal management, disciplined work ethics, and an unwavering focus on quality and customer service, the company is expected to make substantial financial gains over the coming years.

• Senior Management Team: The management team of Urban Edge Barbers is led by Jordan Smith, a barber with over a decade of seasoned experience, who owns and operates the shop. Supporting him is Alex Taylor managing customer relations and the reception, and Riley Morgan, marketing specialist well-versed in digital marketing strategies.
• Capital Requirements: The initial capital requirement for the establishment of Urban Edge Barbers is approximately $75,000, which will cover costs associated with leasehold improvements, professional barber chairs, washing units, equipment, initial inventory, working capital, and marketing for the first six months of operation. Jordan Smith will invest $45,000 from his personal savings, and the remaining amount will be funded through a small business loan.
• Risk Analysis: Urban Edge Barbers acknowledges that potential risks may come from various sources such as changing market trends, economic instability, operational disruptions, and competition. Each of these risks has been carefully analyzed, and adequate measures have been put into place.
• Market Risks: One of the main market risks for Urban Edge Barbers comes from competition. Nearby barber shops and salons that offer similar services could pose a threat. To stand out and mitigate this risk, Urban Edge will differentiate itself with unique, high-quality services and a strong brand identity that appeals to the target customer base.
• Operational Risks: Operational risks such as equipment failure or staff shortages could impact productivity. This risk will be mitigated by having backup equipment and cross-trained staff available at all times.
• Financial Risks: Financial risks could occur from economic downturns or unforseen expenses. Urban Edge plans to counter this by maintaining a conservative budget, regularly reassessing the financial landscape, and keeping a contingency fund.
• Legal Risks: As with any business, there will be legal risks including issues related to employee relations or compliance with health and safety regulations. Urban Edge plans to retain a legal advisor to ensure all activities comply with necessary legal requirements.
• Insurance Considerations: Urban Edge Barbers has taken insurance quite seriously. Commercial general liability insurance has been procured to protect the business from liability claims for bodily injury and property damage. Additionally, the business has worker's compensation insurance for the staff and will ensure that all insurance policies are updated as the business grows.

Finally, Urban Edge Barbers has established detailed contingency plans in case of any unforeseen circumstances. These include procedures to handle unexpected staff shortages, emergency facility issues, and financial strains. By palpably addressing each risk area and by having a robust contingency plan in place, Urban Edge Barbers is confident about parrying the extensive challenges of the entrepreneurial landscape.

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Beauty Salon Business Plan Template

If you want to start a beauty salon business or expand your current one, you need a business plan.

Over the past 20+ years, we have helped over 5,000 entrepreneurs and business owners create business plans to start and grow their beauty salons.

Below are links to each section of an example beauty salon business plan template:

Next Section: Executive Summary >

Beauty Salon Business Plan FAQs

What is the easiest way to complete my beauty salon business plan.

Growthink's Ultimate Salon Business Plan Template allows you to quickly and easily complete your salon or beauty bar business plan.

Where Can I Download a Beauty Salon Business Plan PDF?

You can download our  beauty salon business plan sample pdf  here.

Our beauty salon business plan PDF template is a free resource to help you get started on your own business plan. This is a business plan template you can use in PDF format for a beauty bar or salon.

What Is a Salon Business Plan or Beauty Bar Business Plan?

A business plan provides a snapshot of your salon as it stands today, and lays out your growth plan for the next five years. It explains your business’s goals, business model, the type of services you will offer (beauty services, spa services, nail services, skin care services and/or hair salon services), management team, target market, and a marketing plan for the many ways you can reach new and existing clients. It also includes market research to support your plans and allow you to find the perfect salon location.

A comprehensive financial plan is also key to include so you can show investors the potential viability of your business.

Why Do You Need a Business Plan for a Beauty Salon?

If you’re looking to start a beauty bar or salon or grow your existing business, you need a business plan. A business plan will help you raise funding, if needed, and plan out the growth of your new salon in order to improve your chances of success. Your business plan is a living document that should be updated annually as your company grows and changes.

What Are the Sources of Funding for a Beauty Salon?

With regards to funding, the main sources of funding for a new beauty salon are bank loans and angel investors. With regards to bank loans, banks will want to review your business plan and gain confidence that you will be able to repay your loan and interest. To acquire this confidence, the loan officer will not only want to confirm that your financials are reasonable. But they will want to see a professional salon business plan. Such a plan will give them the confidence that you can successfully and professionally operate your own business.

The second most common form of funding for any type of salon is angel investors. Angel investors are wealthy individuals who will write you a check. They will either take equity in return for their funding, or, like a bank, they will give you a loan. 

This is all true for a new salon business plan or a plan to grow an existing salon business.

BEAUTY SALON BUSINESS PLAN OUTLINE

• Beauty Salon Business Plan Home
• 1. Executive Summary
• 2. Company Overview
• 3. Industry Analysis
• 4. Customer Analysis
• 5. Competitive Analysis
• 6. Marketing Plan
• 7. Operations Plan
• 8. Management Team
• 9. Financial Plan
• 10. Appendix
• Beauty Salon Business Plan Summary

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Barbershop Business Plan Sample

Nov.11, 2016

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Table of Content

Do you want to start barbershop business plan?

Do you want to start a barbershop? Well, it might be an excellent idea if you are looking for a business that is simple but profitable. The biggest advantage of a barbershop is that it doesn’t require any official training or technical know-how. You can start your business at any time with ease.

Even though this is a relatively simple business, you will still need to look at business plans for barber shops to make one of your own. If you want to learn how to make a business plan for a barber shop, you can either hire business plan writing services or learn from the format below. We will take you through everything you should include in your barber shop business plan step-by-step. So you can use this to even write soap manufacturer business plan .

Executive Summary

2.1 the business.

Hank’s Barber Care will be a barbershop startup owned by Hank Peterson. The business will work to provide haircutting and salon services throughout Morristown. It will offer several services ranging from cutting, trimming, waxing, shaving, and hair color.

2.2 Management of the Barbershop

To ensure that your startup is well-managed, you need to have a solid business plan strategy . And, to make that strategy, you need to be well versed in barbershop business plans.

You can go about writing a barber shop start up business plan in two ways. Either learn how to write a business plan for a barber shop or go through a beauty supply store business plan or maybe a barber shop business plan example, like the one we are showing here.

2.3 Customers of Barbershop

Our customers will belong to almost every class of people, irrespective of their jobs or ethnicities. However, our potential and recurring customers are as follows:

• Residential Community
• Businessmen
• Work Facilities
• Job Hunters

2.4 Business Target

The main target of our business is to make sure that we provide satisfactory and reliable services to all of our customers whenever they need to freshen up their look.

Our financial targets to meet for the first three years of our start are shown below:

Company Summary

3.1 company owner.

Hank Peterson will be the owner of Hank’s Barber Care. Hank completed his Bachelor’s a few years back. After his academic career, he worked at a managerial post for two years in a startup business firm. However, he left his job to fulfill his dream of opening a barbershop.

3.2 Why the barbershop is being started

Hank noticed a pattern of decline in traditional barber services around New Jersey. He observed that most places were focused more on looks than the comfort of customers. And so, he wanted to change the narrative by starting a stable barbershop with a good environment.

3.3 How the barbershop will be started

Step1: Plan Everything

Before you figure out anything else, you need a business plan for a start up barber shop or a hair salon business plan . If you ask barber shop business plan experts, they will tell you that you require a business plan even if you just want to know how to start your own barbershop.

So, now that you know that a barber shop business plan is a must, you need to learn how to do a business plan for a barber shop. For reference, you can take a look at the barber shop business plan template that we have presented here.

Step2: Define the Brand

Now that you have a basic plan, you need to highlight the value you provide to your customers. It is the time to brand your unique services to customers.

Step3: Establish Your Corporate Office

Hank decided to rent out a corner shop in Morristown to set up his barbershop. He will now buy all the tools and products needed, and he will also hold interviews to hire some barbers.

Step4: Establish a Web Presence

We live in an age where the internet is the best way to reach people. Hank decided to set up social media profiles for his business. He has also decided to have a website made where customers can book their appointments. It will give him an edge over other barbershops as people can easily schedule their trips and won’t need to wait in long lines.

Step5: Promote and Market

The last step is to make a marketing plan and promote your business.

Before you start learning how to start a barber business, you need to figure out the services you will be providing to your clients. Only then can you start a barbershop business plan.

The business plan for a barbing salon will differ from the usual business plans. So, it’s a good idea to look at some samples of a barbershop business plan pdf. It is also good to go through other examples, such as cosmetics manufacturing business plan .

As Hank’s idea was to provide as many essential services as possible in a single space, the barber shop business plan for his shop can be used as a reference for other businesses. You can also look at a barber shop business plan pdf online for a better idea. Some services to be provided by Hank’s Barber Care include:

• Male Haircuts

Hank’s Barber Care will specialize in all types of male haircuts and hairstyles. Our customers can use whatever hairstyle they want, and our barbers will fulfill their requests.

• Head Massages and Conditioning Treatments

Our customers can also avail themselves of our massaging and conditioning services. These services can help customers relax and leave their stress behind. It can also help with blood flow and hair growth.

• Razor and Wet Shaving Service

Straight razors are considered to be something of a specialty when it comes to barbers. And our customers can rest assured that they will find the same level of skill in our barbershop. They can expect hot lather, irritation-free shave with the sharpest stylings.

• Beard Styling

No matter what the shape or texture of your beard is, our barbers can take it and turn it into a work of art with just a few masterful strokes of the razor.

Marketing Analysis of a Barbershop

Opening up a barbershop requires much more work than it might seem. And one of the most important steps to opening a barber shop is market analysis. It allows you to find and understand your customer base.

Your analysis should include both past and present trends in the market. It should also analyze cost requirements such as how much to open barber shop or what are the most critical considerations when starting a barbershop business. You can find more help in related plans such as eyelash extension business plan .

Business plan for investors

If you don’t understand market analysis and its components, you can refer to this barber shop business plan doc for help. In this document, we have researched and analyzed our business’s various market trends and target customer bases.

5.1 Market Trends

According to the Bureau of Labor Statistics, the Barber Shops Industry Group employed 738k people in 2019. It is also estimated that the job growth will increase by 5.55% in the next ten years. According to Forbes, barbering is also one of the fastest-growing professions in the US.

The market share of the barber shop industry is currently 5 billion, and according to IBISWorld, the industry’s revenue is also expected to rise by 1.5%.

5.2 Marketing Segmentation

The potential customers of Pro Cleaning Services are divided into the following groups:

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5.2.1 Residential Community

Our main client base will be the nearby residents of Morristown. They are expected to avail of our services regularly. And they are also expected to utilize our more specialized services at least a few times a month. The presence of suburbs and family communities will help maintain a fresh flow of customers throughout each month.

5.2.2 Business Folk

Another vital part of our customer base will be people who don’t necessarily live in Morristown but are involved in businesses around the area. They are anticipated to use our specialized services more often as compared to the regular ones.

5.2.3 Work Facilities

Our third group of customers will be from the work facilities in and around Morristown. Workplaces are expected to use both our regular and special services, but their frequency of use is expected to be much less.

5.2.4 Job Hunters

Due to the fantastic job opportunities present around Morristown, we are also likely to get a steady flow of job hunter clientele. With our quick, neat, and affordable services, they will be able to look their best on their important days.

5.3 Business Target

• To be the most popular barber service throughout Morristown and nearby towns.
• To steadily expand our services and add more salon-related specialties as time goes on.
• To have a profit margin of around $30-35k per month by the end of the fourth year.
• To acquire and maintain a customer satisfaction score above 95%.

5.4 Product Pricing

Our price range will be moderate and relatively less than those of our competitors. We aim to offer better customer service to our client base in an affordable price range.

Marketing Strategy

To gain traction in a competitive market, you will need a good barber shop marketing plan. Furthermore, you will also need to find enough competitive aspects to put you over the other barbershops in the area.

You can do this through a free business plan for barber shop. And if you want to know how to open a barbershop, then this barber shop business plan is an excellent place for you to learn. We are describing all the necessary details you need to look for in your business. And we are also looking at some crucial factors that help increase the value of the shop, such as Competitive Analysis and Sales Strategy.

6.1 Competitive Analysis

• We have ways to ensure maximum customer satisfaction. We will ask them for feedback and regularly improve upon services to ensure that the customers are cared for.
• Our clients will be able to book their appointments beforehand through our website. This way they won’t have to wait in long queues.
• Our customers can also contact us at any time through the website or our social media platforms, and we will provide a prompt response.
• We’ll implement environmentally friendly services by using eco-friendly, non-toxic, and biodegradable products.

6.2 Sales Strategy

• Our leading platforms for advertisements and branding will be Google ads and Social Media ads.
• In the initial months of our shop, we will provide refreshing discounts.
• We will also offer unique discounts for clients that want to avail a specialized service.

6.3 Sales Monthly

6.4 sales yearly, 6.5 sales forecast, personnel plan.

The success of any business is greatly dependent on the mannerisms and capability of the workers. Hank knew that his business depended even more on a competent workforce. That’s why in both his barber shop business proposal and in his business plans for a barber shop, he included a list of employees that will form his business.

7.1 Company Staff

• A Co-Manager/Partner to help with the overall operation
• 4 Barbers for regular haircuts and services
• 3 Dedicated Barbers for specialized services
• 2 Full-time Cleaners
• 1 Web Developer to manage the website
• 1 Social Media Manager to handle the online presence
• 2 Sales Executives to organize and promote sales
• 1 Accountant
• 1 Receptionist

7.2 Average Salary of Employees

Financial plan.

Profits do not measure the true success of a business. There are a lot of aspects that go into the whole conclusion. And one of the essential ingredients is financial analysis. It will include the start up costs of a barbershop and the running expenses.

You will observe that just like this plan, every barber shop business plan or even reiki business plan will contain identification and in-depth analysis of your monthly and yearly expenditures. This way, you can figure out ways to reduce them to a reasonable and sustainable level.

Here we’re providing the detailed financial plan made for Hank’s Barber Care Shop so that you can get an idea of the business finances.

8.1 Important Assumptions

8.2 break-even analysis, 8.3 projected profit and loss, 8.3.1 profit monthly, 8.3.2 profit yearly, 8.3.3 gross margin monthly, 8.3.4 gross margin yearly, 8.4 projected cash flow, 8.5 projected balance sheet, 8.6 business ratios.

• How do you write a business plan for a barbershop?

You can use the above mentioned business plan barber shop template to get a decent idea for what a business plan barbershop should contain.

• How much money does it take to start a barbershop?

The cost incurred while starting a barber shop business plan depends on a lot of factors such as location, number of services, and scale of your business. But relatively, a barbershop is one of the easier businesses to start.

• How do you attract customers to your barbershop?

The best way to attract customers is to give unique and quality services so that every customer leaves your shop satisfied.

• How do you start a barber shop?

The first step to starting any business is to plan. And you can do this through barber shop business plans. You can refer to the sample business plan for barber shop here.

Download Barber Shop Business Plan Sample in pdf

OGSCapital’s team has assisted thousands of entrepreneurs with top-rate business plan development, consultancy and analysis. They’ve helped thousands of SME owners secure more than $1.5 billion in funding, and they can do the same for you.

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Sample Barber Shop Business Plan

Barbershop business plan sample.

Starting a barbing shop is a way to make money anywhere there is a decent male population. Because you see a lot of these barbing shops around does not mean everyone is making money from it.

Apart from the need for expertise, you need some other factors to give reasons to people why they should prefer your shop to others.

For instance, in many big cities; many youths set up barbing saloon businesses to create wealth through self-employment.

Location is one major key you must get right if you want to make money from this lucrative investment.

Areas like densely populated streets, busy road junctions, inside male halls of residences in higher institutions, around campuses, etc are hot cakes when it comes to selecting a location for your barbing salon shop.

SEE: Beard Oil Production Business Plan

The planning phase of any business venture is the most crucial. This is so because the success of such a business depends on how well the plan is made and implemented.

Due to this fact, we will focus on a barbershop business plan. This is a small business idea that has seen increased interest among entrepreneurs.

As a result, our sample targets those wishing to start their barbershops. If you are one, you’ll find this sample very useful.

We have covered the most essential sections a good plan should have. Hence by using this as a template, you can put together a solid and implementable plan.

* Executive Summary

Exquisite Touch is a barbershop located in Oklahoma City, Ok. We will be providing a variety of hair care services. In addition to this, we will also be selling a wide range of hair care products.

Our target market is broad. This includes both genders as well as people from all age brackets. We are driven by professionalism with the main focus of taking care of our client’s hair grooming needs.

Our workforce has been carefully chosen to drive our vision. This vision seeks to position us among the top barbershop businesses in Oklahoma.

Our Services

Our barbershop offers world-class services to all categories of clients. These services include; haircutting, dressing, dyeing, and grooming hair treatment services.

We also have a hair transplant section as well as hair styling and shaving among others. We’ll cater to all types of hair grooming needs. Our professional hair barbing services aren’t restricted to our location alone.

We also provide home services for our clients.

Similarly, we sell quality hair barbing and treatment products. We have paid great attention to quality and seek to make that our tradition. To achieve this, we have partnered with the best hair product dealers. As partners, we are focused more on distribution.

Hence, such hair products like clippers, hair oils, lotions dyes will be sold on a wholesale and retail basis. These products are recommended for all our clients.

Our Mission

Our mission at Exquisite Touch is to establish a world-class barbershop. This will be a place where customer service and satisfaction is given the highest priority.

For this to be possible, the quality of our workforce is vital. Hence we have committed time, effort, and resources to ensure we get the very best. These are people with significant experience in the field.

Our vision is to become a major player in the barbershop business in Oklahoma. We have set a target for ourselves. Within the period of half a decade, we should be able to achieve our goals.

This is the lifeline of our barbershop business. We have worked out ways through which our business will be funded. Thus, we will be raising the required funding from savings which has been set aside for this purpose.

The needed funding requirement is $150,000.00. This sum covers rent fees, equipment as well as running costs.

SWOT Analysis

This is a critical assessment of our capacity to achieve our vision and goals.

Thus, we have hired the services of competent professionals to enable us to measure the following vital areas; a test of strength, weakness, opportunities, and threats.

Let’s consider each briefly;

This aspect of our analysis has turned out positive. The reason for our strong showing in this area is due to our location and quality of the workforce.

Our barbershop is located in a dense neighborhood. This is largely made up of young people. This segment of the market loves to look trendy.

This, we have positioned our business to meet and even exceed the expectations of such clients. We have done a lot of work with our workforce as well. These have been carefully chosen to fit into our vision of providing superior hair barbing and care services.

2. Weakness

Identifying our area of weakness has enabled us to reassess our position. By so doing, we’ve been able to redouble our efforts towards overcoming such difficulties. Our major weakness is our present inability to get a fair share of the market.

Although this is the case, it is only a temporary setback. We plan on eventually overcoming such weakness through rigorous and effective marketing campaigns.

3. Opportunities

At Exquisite Touch, we are excited by the opportunities available for the taking. Although there is so much potential, a lot of work needs to be done.

Hence, we are well-positioned to take advantage of such opportunities. For instance, such opportunities are in the form of growth and the size of the market.

To sum up this area of our discussion, it’s important to know that threats are ever-present. However, such threats come in different forms.

Therefore for us, our threats are in the form of stiff competition. This will not be good for business, especially at our current capacity. Although such is the case, we are positive that we will eventually overcome it.

Competitive Advantage

We have invested time, resources and manpower towards ensuring that we stay competitive.

Hence, there has been significant investment in equipment and customer service. These two areas coupled with our business model place us among the top providers of superior barbershop services.

We have also focused on the motivation of our workforce. This is necessary because they are the face of the company. Hence a well-motivated workforce will impact positively on our clients.

• Sales Projection

Through the provision of superior hair grooming services, we are positive that our set targets will be met. A projection of sales over three years was done to enable us to measure our progress.

This was set using current industry trends and the findings are summarized as follows;

• First Fiscal Year.      $80,000.00
• Second Fiscal Year.  $160,000.00
• Third Fiscal Year.     $300,000.00
• Marketing and Sales Strategy

This is an important part of our business upon which our success is hinged. Therefore we have adopted multiple strategies of advertising our barbershop business. These include the use of tools such as banners and handbills, word of mouth as well as on online platforms.

There you have it! This barbershop business plan has been simplified to ensure easy understanding and implementation of its contents. As such, we are confident that you will gain a lot of insight using this as a guide.

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How to start a barbing salon & make over ₦500,000 monthly.

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Have you ever wondered what it takes to start a successful and highly profitable barbing salon business in Nigeria? The barbing salon equipment, tools and kits needed to make your business a huge success and the talk of the town? Or how to draw a good barbing salon business plan?

You’ll find answers to all of those questions in this guide.

After carrying out an absolute feasibility study on barbing salon businesses in Nigeria, I decided to share this guide with as many as are interested in setting up a standard barbing salon business in Nigeria.

There’s no doubt the salon business is a lucrative one to startup. In fact, it is lucrative to the point that it is featured in our list of top lucrative businesses in Nigeria that do not require any certificate to start .

But before we begin to dive deep into the main lesson I’ll start from basics because of people who might be finding some terms confusing or difficult to understand due to grammatical differences.

Page Contents

What is a barbing salon?

In Nigeria, a barbing salon is basically a shop people visit to get haircuts; other services may include hair treatment, dying, dreading and other beauty-related services.

Many barbershops in Nigeria render all the aforementioned services, so that explains why Nigerians prefer to call it a barbing salon.

So, if you’re more familiar with the American English, Barbing Salon = Barbershop 🙂

How much do barbing salon owners make?

The answer to that question is subjective, as there are many factors that will determine how much you can make from a salon business.

Factors include:

• Quality of shop & services
• Number of hours put into the work
• Cost per head for haircuts, etc.

The average price for haircuts in Abuja suburbs is ₦400; while in towns like Asokoro, Wuse, Maitama, etc. you may require within the range of ₦800 to ₦1 000 for one haircut.

Bearing all that in mind, for 20 haircuts a day, a salon located in Abuja suburbs will rake in ₦8 000 per day; while a salon located in the town could rake in as much as ₦20 000 a day.

Established salons in busy areas cut way, way higher than just 20 hair per day.

If we calculate on the high side, ₦ 20, 000 per day × 30 days in a month gives you ₦600 000/month.

So in summary, a well-established salon in a good location could earn as high as ₦600 000 monthly, which is above the ₦500 000 I promised.

Consider the extra ₦100 000 a bonus. 🙂

With all the figures above, it’s not hard to judge that some barbers are actually millionaires . Some of them earn a lot higher than degree holders .

Barbing salon kits, tools & equipment:

Every business requires certain kits, tools and equipment to be run effectively, so does a barbing salon. However, you can do without some of those appliances and kits, while some of them are extremely important and can’t be overlooked.

To run an effective barbing salon business you need the following kits, tools & appliances:

• Standard rotatable barber chairs
• Quality Clippers
• Standby Generator
• Sterilizers
• Standing fans, ceiling fans, and/or Air Conditioners
• Cover Clothes
• Wall mirrors
• Cosmetics (Hair creams, sprays, dyes, relaxers, conditioners, facial powders, etc.)
• Miscellaneous tools (combs, scissors, blades, tissue papers, etc.)
• Towels & towel warmer
• Entertainment system
• Waiting-chairs
• Lightning, wiring & power sockets
• Furniture (decorations, cupboard, tables, etc.)
• Barbing salon pictures & wallpapers, etc.

Barbing salon business plan in Nigeria

At first, I thought of publishing a barbing salon business plan in PDF format for easy download; but then again I had a reconsideration and thought of just posting it here since the whole process is not so complicated. Barbing salon is surprisingly very easy to setup.

Notwithstanding, you must still have a good business plan in place so that you don’t get stranded along the line.

1. Discover a lucrative location

Location matters a lot in any business. So, if you’re really interested in making a minimum of ₦500 000 per month from your barbing salon, you must discover the most lucrative location around you.

What defines a lucrative location?

• Highly populated
• Good value per haircut
• Not too many established potential competitors

The above three requirements are the most important things to consider when choosing a location for your business.

2. Find out what it costs to set up a Barbershop in your location

If you’ve been asking the question “what does it cost to set up a barbing salon in Nigeria?” The answer to that question is: there’s no definite cost required.

It all depends on your location and how big you want to start.

Some salons could cost you as much as ₦2 000 000 to start up; while some can go for as low as ₦200 000.

Most lucrative locations usually require more capital. But the good thing is, your capital will be realized within the first few months of launching the business.

Also, if you want to start a salon that can accommodate just one barber, then you’ll also end up spending less. But if you want to start up a salon that can accommodate as much as 4-6 barbers, you’ll end up spending more.

Furthermore, the number, quality, and size of gadgets and appliances also contribute a lot to the overall cost required to set up your barbing salon.

3. Rent and furnish your shop

When you find a good location, make sure you snap up that location as soon as possible. The reason is, you never can tell how many people are having the same plans as you.

Good locations are usually hotcakes. If you’re staying in a very busy town, then I believe you’ll get a better picture of what I’m saying.

I earlier made mention of the barbing salon kits, tools and equipment needed to run a successful business.

Everything I listed above is extremely important. Some people do not like patronizing salons that default in any of them. So if you really want to make ₦500 000 you must not default on any of them.

4. Give your barbing salon an epic name

Branding plays an important role in the success of any business; that’s why you must choose an epic and memorable name for your barbing salon.

A name that’s interesting, intriguing and easy to remember.

I believe some of the barbershops you can recall now have easy-to-remember names. If they didn’t you’d have found it difficult to recall their names.

Another reason you need to give your business an epic name is that it’ll have a greater chance of spreading fast within your community and it’ll be very easy for people to describe your barbing salon to others.

5. Employ quality barbers

This depends on how you plan to run your business. Do you want to be the one working there, or you want to employ barbers that will work for you and give you daily or weekly returns.

Whichever it is, you must be ready to deliver the best quality services to customers that come to your shop.

If you’re the one that will be in charge of your barbershop, then you must learn all how to barb. In fact, you must be an expert barber.

If you’re not an expert barber, I’d advise you to stay clear of your business and learn for a while from another person.

The reason is, a new business must deliver only the best services. If not, you’ll lose customers even before you make them.

On the other hand, if you’ll be making use of the services of other barbers that will give you daily or weekly returns, then those barbers must possess all the qualities necessary to grow a new shop.

Don’t entrust your new shop to the hands of a learner. If you do, your business will be on the road to failure.

6. Get a license

Make inquiries about what license you need to get for your business as applied to your location. This will help you avoid any form of embarrassment from government or union officials.

7. Create awareness around your location

What do you do before and after you launch a new business? Do you just sit in your shop waiting for luck?

If you want to succeed at your barbing salon business, then you must create an early awareness immediately you launch your business.

Here are ways you can create awareness for your new business:

• Banners & Posters
• One-on-one conversations
• Advertisement (Local radio or TV station)
• Social media accounts (Facebook, Twitter, etc.)

Creating awareness is not limited to the options above. Just find out what’s convenient and easy for you.

8. Make good early impressions

In the barbing salon business, the first impression matters a lot. Bad news spread faster than good news. So, if you want to succeed in your business, don’t give the community any bad news about your business, especially not within the first few weeks.

When people visit your shop, give them the best treatment possible. Be friendly and polite to customers; and above all, give them the best haircut possible.

With all that, you’ll win over new customers and the news about your salon will spread like wildfire in your community.

I have shared tips that can help you start a successful barbing salon business in Nigeria . If you have any contributions to this piece, you can let us know using the comment section below.

Every opinion is welcome 🙂

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Business Plan

Barbing Salon Business Plan in Nigeria / Feasibility Study & Manual

by BusinessPlan 21 Comments

Barbing Salon Business Plan in Nigeria / Feasibility Study & Manual

Barbing salon business plan in Nigeria – The Hair barbing salon business remains one of the rapidly growing industries in Nigeria today.  To some people, this venture is for the 3 rd class citizens therefore, not a serious money making business.  Are you one of those who assume that barbers are low income earners? You are very wrong! Let me take a little of your time to show you the profits you can make if you will own and run a barber shop today.

Read: How To Start a Hair Salon Business in Nigeria

One day, I was having an “at home service” haircut. This conversation ensued between my barber and I:

Me : Bros, do you really make money as a barber?

Barber : ( smiles like there’s something he knows that I don’t know. Keeps quiet for a while and then responds with a question of his own ) Do you know why I love this business?

Me : No! Please tell me

Barber : ( smiles again ) this business is not seasonal. Everyone’s hair will always grow. No matter how the economy is, people need their hair cut and since it’s not something most people can do for themselves, they will always need my services.

Me : (what he said was true so I probed more) if you are implying that you make good money, Ok, so like how much do you make every day from this business?

Barber : ( smiles again) I give a minimum of 20 haircuts each day on regular days. By regular days, I mean from Monday to Thursday. Then from Friday to Sunday, I give about 30 haircuts on each of these days, we call those our peak days. I also have 11 VIP customers who I give “Home Service”. I give all of my VIP clients a haircut once week at the rate of N1500 .

Me : (Am Shocked! Quietly, I pick up my phone, go to the “calculator” app and do the following calculation as a feasibility study on barbing saloon earning potential :

Normal haircut cost: N250

VIP/ Home Service cost: N1500

Regular days: Monday – Thursday (20haircuts each day)

Peek days: Friday – Sunday (30 haircuts each day)

To give a minimum of 20 haircuts each day on regular days: N250 X 20 = N5000

Total haircuts for regular days (i.e. Mon, Tues, Wed and Thurs.): N5000 X 4days = N20, 000

To give a minimum of 30 haircuts each day on Peek days (i.e. Fri, Sat, Sun):  30haircuts X N250 = N7500

Total haircuts for Peek days: N7500 X 3days = N 22,500

VIP/Home Service a week = N1500 X 11 Persons = N16, 500

Therefore, the total amount made in a week: N20, 000 + N 22,500 + N16, 500 = N59, 000

Estimated Total for the month = N59, 000 X 4weeks = N236, 000.00

Let me ask you again, do you think that owning a barbing salon business is really profitable?  Your guess is as good as mine. However, I asked my barber on more question

  Me : So why are entrepreneurs overlooking this business that is capable of making them good money?

Barber : Because it looks dirty and doesn’t blow whistle! People naturally like businesses that make lots of noises even if they don’t bring in as much money as the noise they make.

How to Start a Barbing Business in Nigeria

When you are planning on setting up a profitable barbing salon business in Nigeria, you should put the following factors into consideration.

• Experience – This is an important step that has to come first to succeed as a stylist/barber in this business. You cannot rush into it all in the name of becoming self-reliant or because you have given a few of your friends good haircuts. You will only get yourself into a bigger problem because if you give a “not too” satisfactory service, you are sure to be shouted on, yelled at or even given a dirty fight.

So take some time off and learn what the business demands. Learn different styles in vogue, hair treatment, health and beauty tips and customer care. Don’t be in a hurry to become a barbing salon owner. Go through training first, even if you won’t be the actual person giving the haircuts in your business! There are many shops out there that will be more than willing to teach you at cheap rate. The internet is also a good resource place.

• Register your barbing salon business with the corporate affairs commission Nigeria.
• Choose the right location – A Street that is easily accessible from all parts of your desired area. Busy streets, close to a shopping market/ mall, are an advantage.
• Offer a clean and safe atmosphere. Salons flourish in clean, safe and relaxing environment where customers can receive quick and professional service. Cleanliness is a very important element that can draw clients again and again. Your patrons must be able to trust that the tools and products that you use on them are of top-notch quality and safe. You can’t afford to put your clients at risk of infections, as it will damage your reputation. Be sure that your tools, work areas, towels and other equipment are washed, clean and odor-free
• Competition – It is a bad idea to situate your business very close to another salon as you will end up cancelling out each other. Instead, try to look out a place where you’ll be the only barbing salon for a few blocks. However, if you are going to set up your shop in an area where other similar hair services already exists, I advise you expand the range of services you offer. Salons that offer a wide range of services in one setting has added advantage over those who offer only one or two types of services
• Start Up Capital – The amount of capital you need to start the business depends on the type, choice and quality of salon design, rent, fixtures and leasehold improvements and equipment that you intend to use.

List of barbing salon equipment and the basics items you will need:

• Salon space (Unless you have ample space at home, you will need to rent a shop)
• Generator Set (For power outages)
• One or two styling chairs
• Quality Hair Clippers
• A disinfectant container with disinfectant or sterilizing solution
• Comfortable Seats for the reception area
• Cabinet for clean towels and supplies
• Wall Mirrors
• Sterilizing Unit
• Hair Treatment Supplies (e.g. Sets of combs, scissors, powder, spirit, lotions etc)
• Entertainment (TV, DSTV, Sound System, newspapers/magazines)
• Dust Pan With Whisk Handheld Broom

With these items in place, you can start your barbing salon and expand as you begin to make profit.

How to Make Your Clients Stay!

Keep your clients satisfied – It is important that your business create and maintain the desirable reputation as a quality hair and salon operation.

• Have the required tools and skill to execute a wide range of hair styles and styles in vogue.
• Take note of your clients’ preferences and implement them.
• Be gentle but time conscious while attending to a client.
• Hire capable and well trained personnel.
• As much as you need to make profit, do not charge too much or your clients will run away. Find out what other barbing salons around your area charge and fix yours within the same price range.
• Trill your customers with new offers or special promos. “Half the price off for all new clients” “free haircuts” “barb twice and get one free” promos will make them clients for life.
• Start Small. People make the mistake of wanting everything in proper place before opening for business. I advise that you start small and grow from there. A saying goes like this: Success builds upon success!

Barbing Salon Business Plan in Nigeria

Get your own barbing salon business plan in Nigeria here. This business plan can be used to apply for bank loan, seek out investors and be used for business plan competitions.

To place order for your sample barbing salon business plan in Nigeria, Pay N10,000 to:

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After payment, text your full name, email address and title (hair salon business plan pdf) to 07033378184. Your business plan will be sent to your email within 15 minutes.

Go for it People! Start today!

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Thank you so much

Thank you very much

So impressed with your plans. Am a barber, cameroonian and based in Cameroon. Need to learn more skills from But don’t know how can be possible

God bless u richly for the eye opener….i think av learn n ready to make money….its my long time dream..i love barbing.

Wonderful Write Up From A Wonderful CEO…..

Success All The Way

Thanks in a million. I already have a barbing saloon but I don’t know how to barb. I base in Nigeria, I’ll like to learn, do u have any branch here in Nig? How long dose it take to learn? Once again, I appreciate ur lecture.

Follow me on intragram @og_blackbarber

same for my brother

Like how much can someone use in opening a barbing salon?

At least 150k

pls, can i get a good barber from u ? professional

Call me with this line if u need my services on barbing. My name is Edeike Enoch Prince but u can call me E.E PRINCE. Thanks

This is impactful .pls where can I get the price of necessary tools for barbing in Lagos .thanks so much .

wow I am really bless with this piece. thanks for the education.

managing one (shop) in Kaduna although in a village.

Very proud of my self bein a barber/stylist. Am located in bauchi state. For mor gist,u can me on 08066574066@Coolcut.

Thanks alot!

Thanks so much

Awesome post, I’m considering opening one soon.

God bless you richly, for taking out time to educate others… Am grateful

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• Business Plan

Barbing Salon Business Plan in Nigeria

Our Barbing Salon Business Plan in Nigeria is well documented and can also be used for, but not limited to:

• Grant Applications,
• Bank Loans,
• Proposal writing,
• Business Concept Note,
• Competitions e.t.c

Purpose of the Barbing Salon Business Plan in Nigeria

Benefits of the barbing salon business plan in nigeria.

The Barbing Salon Business Plan in Nigeria is beneficial because

• It helps in outlining the steps needed to achieve the business goals and ideas.
• It helps to articulate strategy to stakeholders who support the business.

Importance of the Barbing Salon Business Plan in Nigeria

The Barbing Salon Business Plan in Nigeria is important because

• It will assist you in making sound decision in the administration of the commercial enterprise which will make a contribution to the success of the business.
• It will additionally gives distinctive statistics on all components of the business, outlining the business desires and the steps required to achieve them.

Content of the Barbing Salon Business Plan in Nigeria

• Executive Summary
• Introduction
• Business Description
• Keys to Success
• Products and Services
• Market Analysis
• Our Target Market
• Pricing Strategy
• Competitor Analysis
• Sales and Marketing Plan
• SWOT Analysis
• PEST Analysis
• Operational Plan
• Management plan
• Financial Plan and Projections
• Financial Diagnostics

Download The Complete Barbing Salon Business Plan in Nigeria

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Barbing Salon Business Plan In Nigeria (2024 DOC)

Barbing Salon Business Plan In Nigeria 2024 Sample

Barbing salon feasibility study – barbing salon business in Nigeria is as old as man, although the technique employed at different time weren’t the same, however, it was the same results.

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Business plans and feasibility studies to get a discount.

there was a time bottles were used to cut hair, there was a time razor blades were used, there was the time of stainless clippers, these days we have the sophisticated clippers which could be used to cave different designs on the hair, some clippers can even be used to write, ever seen inscription on the head of a individual after a haircut ?

That’s the work of a special clipper used to inscribe that. The barbing salon has become an industry and the good thing about it is that it has been growing rapidly. I could remember back in those days the barbers jobs were underrated, and the assumption then was that barbers or the barbing job was not a serious job that requires special qualification, things has continued to change and a different perspective is been developed about barbing business especially in Nigeria.

Hurry Now! Get the Updated Barbing Salon Business Plan In Nigeria feasibility study PDF (Including The Financial Projections), pay N10,000 to

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Once payment is made for the Barbing Salon Business Plan In Nigeria feasibility study PDF, send the following (i) a valid email address and (ii) your payment details to any of these numbers – 07039768549 .

When people started to request for special barbers and extra was been paid for home services, people began to take barbing job serious. I had a friend who was like any other barber out there, he has one of the best barbing salon in town, equipped with all the barbing salon tools, he had a top notch barbing salon design with some of the best pictures, he was on his normal job until a former customer became a commission in the state and then eventually became the governor, he was made the official governors barbers, and of cause you know that there are huge incentives that comes with that.

Note that before the governor’s appointment he was already doing fine with about two staff who also barb with him. the truth is that barbing salon business in Nigeria has become a big deal, barbing is no longer the way it used to be hence the huge investment you see people make whenever they want to start a new barbing salon. some of the queries I gave been getting the past few days has been on how to start salon business in Nigeria, or the best barbing salon tools, someone even asked the best barbing salon price list.

These and more are the things we will be looking at on this post, we will also discuss how profitable barbing salon business is in Nigeria and maybe other questions pertaining barbing salon business in Nigeria .

How To Start Barbing Salon Business In Nigeria

Barbing business is one business that doesn’t require much capital especially when you have all your equipment in place. However, you will need a little cash to get your needed equipment to be able to set up a mobile barbing salon especially when you do not have the huge capital to set up a standard barbing salon, most people choose the mobile barbing salon in order to help them raise the desired capital that will help them set up a standard barbing saloon. I have decided to make a list of factors you should put into consideration while making your plans of setting up a barbing salon in Nigeria, see below;

Capital – There is no business that does not require that you have your capital in place before going ahead with the set up, I talked about raising your capital before commencing the setting up of your business, there are many ways an entrepreneur can raise capital for their businesses, for those with a barbing salon business plan in Nigeria, you could use to apply for bank loan, grant etc for fund which could be put into use for the establishment of your barbing salon, you can use the method I suggested earlier, and that is choosing to go into mobile barbing salon business. in all you need to have a capital to at least begin your business.

Business Plan – A business plan is important in this respect, the reason being that you will be spending a whole lot of money, no matter how little you will be spending in the setting up of your business, you do not want to waste your money, hence the need to get a business plan that will help you execute your agenda perfectly. There are ways you could get a barbing saloon business plan in Nigeria, you could buy from us, our is a well written barbing salon business plan in Nigeria, it has all the required financial projection, you could as well get an expert to write a new one for you.

Choose A Name And Register – For people to take your business serious, you need to have a business name that registered by the corporate affairs commission, the idea is to give the business an identity, virtually every barbing salon in town has a name, in Enugu one of the most popular is known as “Black and White” located at the Enugu mall, in Abakaliki those days we had a popular barbing salon known as “Bus Stop”.. The truth is that, these name makes it easy to differentiate.

Location – Location in setting up a salon is very important, when “Bus Stop” barbing salon was functional, it was located on a major road, it was easy to locate and you could even describe the location for anyone and anybody can easily locate where the barbing salon shop was located, this contributed to the reason why it was very popular, “Black and White” barbing salon was well known because it was situated at Enugu mall, they entertain nothing less than 100 customers on a daily, great location is definitely good for business.

Know The Job – You could actually set up a barbing salon without knowing how to barb, I have seen a guy who succeeded this way, however, you need to know the job, you need to have experienced barbers in your shop who are able to keep up with the competition involved. I know of one Ugo who started a barbers shop, he employed about three (3) good barbers. one thing he never failed to do was constant supervision, this enabled him to stay in business.

How Profitable Is Barbing Salon In Nigeria?

Barbing has always been a big business irrespective of the time the business was conducted. one good thing about barbing business is that it is never seasonal, people will always want to have a haircut, irrespective of the Nigerian economic condition people will still want to have a haircut, and also note that haircut is not restricted to any gender, both male and female cut their hair, it is even fashionable to have ladies cut their hair.

The customer base is great, so also is the competition, doing the right thing gives you an edge in making the best out of your barbing business. The price list of barbers tells more on how much a barber earns, there are places where a normal haircut costs N250, N500 or even N1000. We remember when it was rumored that T.Billz, Tiwa Savage husband barbs his hair for N5000. The different price only reveals that price for haircut is relative. this is also applicable to special services like home services, Imagine charging N1,500 for home service and you have two home service jobs every day, at the end of the week you will be smiling home with N21,000 every week and N84,000 in a month, this is minus the regular haircut you have, which can be priced at N250, N500, N1000 as the case may be. When you calculate how much you earn on 20 daily haircut, it goes to show that you will make a whole lot in the business.

The Best Barbing Salon Tools

Some of the best barbing salon equipment are listed below;

• Clippers (the number of clippers depends on the number of barbers you will have).
• Sterilization tools and it disinfectant container.
• Towels, usually sterilized towels
• Chairs at the reception
• Wall mirror
• Hair treatment tools
• Generator Set (should be on standby)
• Get a set of combs, pair of scissors, spirit and lotions etc
• Put a TV set connected to cable TV. DSTV if possible, haircut/magazines etc for entertainment.

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• Business Plan on BARBING SALON Executive Summary

Business Plan on BARBING SALON Executive Summary in Nigeria

Barbing salon business plan in Nigeria –  The Hair barbing salon business remains one of the rapidly growing industries in Nigeria today.  To some people, this venture is for the 3 rd  class citizens therefore, not a serious money making business.  Are you one of those who assume that barbers are low income earners? You are very wrong! Let me take a little of your time to show you the profits you can make if you will own and run a barber shop today.

This sample barbing salon business plan in Nigeria can be used for government and non – government business grant applications, for bank loan applications, for writing business proposals, to write business concept notes, for business grant competitions, other competitions, and so on. The barbing salon business idea is a really great business idea that will need a lot of strategic planning to start. You will need the skills and experience of a professional business consultant in Nigeria like Jude Okon to help you with implementing the business plan effectively.

BUSINESS DESCRIPTION OF THE BARBING SALON BUSINESS PLAN IN NIGERIA

Business: BARBING SALON

Industry: BEAUTY

NCS barbing salon is a standard barbing salon that will be located in a richly populated neighborhood in Festac Town, Lagos, Nigeria. We choose to open our barbing salon in this city because of the need of the services of a standard barbing salon in the neighborhood

NCS barbing salon offers services such as; cut hair for both male and female, dress hair for both male and female, groom hair for both male and female, dying/colouring of hair for both male and female, style and shave hair for both male and female. We will also retail clippers, barbing accessories, aftershave, shaving powder and so on. Aside from the fact that our barbers will be open for a minimum of fifteen hours daily, we will also offer home services to any client who would want us to come over to their house to take care of their hair. We are well trained and equipped to service the market segments that need our services.

We are in the barbing salon business to deliver excellent services to all those who will patronise our services. We will also ensure that in the line of carrying out our duty, we comply with the laws of Lagos State and also the laws of the Federal Republic Of Nigeria. Our employees are well trained and qualified to handle the wide range of barbing services. Our workforce are going to be well trained to operate within the framework of our organization’s corporate culture and also the to meet the needs of all our customers.

BARBING SALON BUSINESS PLAN IN NIGERIA

The Benefits of our Products and Services are;

– First class service and special treatment to our customers

– Top standard barbing and grooming services

– Employment opportunities

– Fair and lowest possible prices with discounts

OUR PRODUCTS AND SERVICES

NCS barbing salon is in the business of ensuring that our clients are well treated and taken care of and our services will be carried out by highly trained professional and skilled barbers who know what it takes to give our highly esteemed customers value for their money. The following are the services that NCS barbing salon will be offering

• Cut hair for both male and female
• Dress hair for both male and female
• Groom hair for both male and female
• Dye/colouring of hair for both male and female
• Style hair for both male and female
• Sale of clippers and barbing accessories
• Sale of aftershave and shaving powder
• Home services

KEYS TO SUCCESS

The keys to the success of the barbing salon business plan in Nigeria are as follows;

– Recruit only qualified and skilled barbers and hair stylists to man various job positions in our barbing salon

– We shall maintain a customer centric company culture

– We will ensure that we follow due process in starting up the business

– We are able to deliver consistent quality service

– Our barber shop facility is well positioned ( centrally located) and visible, we have enough parking space with good security

OBJECTIVES OF THE BARBING SALON BUSINESS PLAN IN NIGERIA

The objectives of the barbing salon business plan in Nigeria are as follows;

– To build a business that will survive off its own cash flow without the need for injecting finance from external sources

– To deliver services whose main goal is to exceed the customer’s expectations

– To establish our brand in the hearts of our customers

– To achieve net profit in year one, increasing in year two, by containing costs and meeting sales targets

GOALS FOR THE BARBING SALON BUSINESS PLAN IN NIGERIA

The following goals have been set for the barbing salon business plan in Nigeria;

– To open new branches in other parts of Lagos

– To become one of the leading barbing salons in Lagos

– To employ at least thirty people

Related Business Plan on Fashion/Events

• Executive Summary of Event Centre Business Plan in Nigeria
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VISION FOR THE BARBING SALON BUSINESS PLAN IN NIGERIA

Our vision is to become the number one choice when it comes to barbing salon in the whole of Festac Town, Lagos State, and also to be among the top twenty barbers shop in the world within the next ten years

MISSION FOR THE BARBING SALON BUSINESS PLAN IN NIGERIA

We are in the business to establish a first class and standard barbing salon that will take of both highly placed clients (celebrities, public figures and politicians) and lowly placed clients as long as they can afford our services. We want to become one of the leaders in the barbing salon Industry in Festac Town, of Lagos State.

MANAGEMENT TEAM OF THE BARBING SALON BUSINESS PLAN IN NIGERIA

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The management team of the barbing salon business plan in Nigeria is made up of the following people:

Maurice Ikpe: He is the founder and owner of the business and has over fifteen years of experience as a barber. He is the personal barber to a handful of celebrities and politicians

Jude Okon: ( B.AGRIC, MBA, and PMP). He has over fifteen years of experience in business management, financial management of business and overall business growth and development. He is an alumnus of Enterprise Development Centre (EDC), of the Lagos Business School (LBS), Pan African University (PAU). He is our business development strategist and a strategic partner of the compan

We brought to the business;

– Technical and Practical experience in the barbing salon Industry

– Educational skill and knowledge

– The capacity to consistently deliver outstanding services

– Top quality barbing and grooming services with a sound understanding of the market trend

– Our staff bring operational, promotional and technical skills to the business

MANAGEMENT EXPERIENCE GAINED FOR THE BARBING SALON BUSINESS PLAN IN NIGERIA

With over fifteen years of experience in the barbing salon Industry and through having had numerous exposure to the business and technical aspects of services, I have been able to master the technical requirements, financial management, staff recruitments and the organizational skills which will be necessary to give us a good commendation from our clients. My managerial skills has also helped me to put up a good workforce for over two years and in coordinating the teamwork in most aspects of the company.

I am the CEO of the company, and I will be responsible for monitoring and managing the day to day activities of the company

MATERIALS AND EQUIPMENTS REQUIRED FOR THE BARBING SALON BUSINESS PLAN IN NIGERIA

The following materials and equipments are required for the barbing salon business plan in Nigeria;

Barbing facility, barbing equipments ( clippers, combs, etc), aftershave, balm, shaving powder, electric power generator, CAC registration No. among others

COMPETITOR ANALYSIS FOR THE BARBING SALON BUSINESS PLAN IN NIGERIA

We get our huge clientele for the following reasons:

• The ability to deliver quality barbing service
• We are open for a minimum of fifteen hours a day and seven days a week
• We provide first class service to our customers
• Fair and best possible price

Our three main competitive advantages are;

Getting this comprehensive business plan COST ₦8,000. For more details, whatsapp: 08137981072

What will be needed from you after payment are:

• Your location/State
• One or two details from you depending on the purpose you’re using the business plan for

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