write a business plan on barbing salon

Barber Shop Business Plan [Sample Template]

By: Author Tony Martins Ajaero

Home » Business ideas » Beauty Care Industry » Barbershop

Are you about starting a barber shop? If YES, here is a complete sample barber shop business plan template & feasibility report you can use for FREE .

Okay, so we have considered all the requirements for starting a barbershop business . We also took it further by analyzing and drafting a sample barber shop marketing plan template backed up by actionable guerrilla marketing ideas for barber shops. So let’s proceed to the business planning section.

There will always be the need for men and even women alike to have a haircut; this is because of the need to look good. Also, whilst some may think that not having but rather grooming their hair might be it when it comes to looking good, yet others cannot just do without having a good haircut.

This might be weekly or fortnightly, or as the person who is involved wants it. It is because of this need that the barber shop business has continued to be on the rise. As a matter of that there is hardly any nook and cranny in the whole of the united states of America where you couldn’t possibly find a barbers shop.

They will always be in business because they are always in demand. Therefore, it is important to state that starting a barbing salon is a very good and lucrative business. As a matter of fact, it is a profitable trade that sure guarantees good returns on investment.

If you are looking to launch come- in to the barbing trade, then you have to be aware that you have got to do the needful background preparation. This background preparation amongst others has to do with drawing up a business plan.

This is very vital because you are able to project and look at the direction which you want to drive your business to. Doing the business plan due diligence might be somewhat difficult, as you may not have written one before. There is however a respite with a business plan template, as you are able to use it to write yours. Here is a sample barber’s shop business plan template below;

A Sample Barber’s Shop Business Plan Template

1. industry overview.

Basically a barbershop is a place where people go to cut their hair and of course it is the working place of a barber. A barber is a person whose livelihood is mainly to cut, dress, groom, style and shave men’s and boys’ hair and in some cases ladies / girls who keep low cut.

Aside from the fact that people go to cut, dress, groom, style and shave in a barber shop, it is also place where people go to socialize with other folks in the neighborhood and also to engage in trendy discussion in the community or country as the case maybe; it is a place where people go to network, to discuss sports and overall a hub that contributes in shaping the male identity.

Before now, all those whose business is to take care of people’s hair are called barbers but in recent time, the term in only used for people who handles male hair and hairdresser is used for those who handles female hair. For example, in the 20th century, the profession of cosmetology branched out from the barbering industry which is why hairdressers may be licensed as either barbers or cosmetologists.

Barbers vary with respect to where they work, the services they are licensed to offer, and the name they are called. In the United States of America, the labor law and licensing requirements as it concerns barbers for each state differ on their labor and licensing laws. For instance, a cosmetologist who operates in the state of Maryland cannot make use of a straight razor, strictly reserved for only barbers.

While in the state of New Jersey both barbers and cosmetologist are regulated by the State Board of Cosmetology and there is no longer a legal difference in barbers and cosmetologists, as they are issued the same license and can practice the art of straight razor shaving, coloring, other chemical work and haircutting if they choose.

No doubt the barber’s trade has a long history; ranging from the Egyptian Empire to the Roman Empire to the Greek Empire et al, the barbing profession has indeed come to stay. History has it that Barbering was introduced to Rome by the Greek colonies in Sicily in 296 BC, and barber shops quickly became very popular hubs for daily news and gossip.

If you have plans of becoming a barber and to open a barber shop, then you expected to undergo a barbers’ training. There are several means of getting trained as a barber. If you are in the United States of America you are expected to attend a “Barber Schools”, that’s only when you can easily acquire your license and permit.

Besides, most states in the U.S require a barber to possess a license before they can be allowed to practice barbering professionally. People also learn the trade by understudying professional barbers in their shops.

No doubt, the cost of attending a barber school varies from state to state, and also from cities to cities. Schools in larger cities tend to cost more than those located in smaller cities and rural towns. So also, brand names can also affect the cost of barber school.

On the average, most barber schools in the United States cost between $6,500 and $10,000 to complete. The fact that each state has different minimums for training hours, the length and cost of the program can vary for that reason. Another factor that influences the fees is that some schools tuition includes supplies and textbooks, whereas others do not. Note that Barber license exam fees typically range from $50 to $150

Lastly, most states in the U.S require the same amount of training hours for barbers as they do for cosmetologists. Basically, the number of hours required ranges from 800 to 2,000 training hours and it depends on the state’s licensing requirements. Over and above, most barbing programs can be completed in a year 3 months or less.

2. Executive Summary

Bolingo and Sons Barbing Salon is a standard and licensed barbing salon that will be located in a richly populated neighborhood in West Palm Beach, Florida – United States of America. We chose to open our barbing salon in this city because of the need of the services of a standard barbing salon in the neighborhood.

Bolingo and Sons Barbing Salon offer 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 / coloring of hair for both male and female, style and shave hair for both male and female.

We will also retail clippers, barbing accessories, aftershave and shaving powder et al. Aside from the fact that our barbers shop will be opened for a minimum of 15 hours daily, we will also offer home services to any clients 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 require our services.

We are in the barbing saloon services business to deliver excellent services to all those who will patronize our services. We will also ensure that in the line of carrying out our duty, we comply with the laws and health regulations in Florida and The United States of America.

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 to meet the needs of all our customers.

Bolingo and Sons Barbing Salon will ensure that all our customers or anybody that visit our barbing salon are given first class services, treatment and experience whenever they visit us.

We have a CRM software that will enable us manage a one on one relationship with our customers no matter how large the numbers of our customers’ base grows. As a matter of fact, we are well positioned and equipped to handle celebrities, politicians and public figures.

Bolingo and Sons Barbing Salon is a family business that is owned and managed by Mr. Donald Tyler and his son Trump Tyler. They are both legally licensed to run a barbing salon anywhere in the United States. Mr. Donald Tyler has well over 15 years of experience as a professional barber. He is the personal barber to a handful of celebrities and politicians.

3. Our Products and Services

Bolingo and Sons 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 licensed barbers who know what it takes to give our highly esteemed customers value for their money. These are the services that Bolingo and Sons 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 / coloring of hair for both male and female
• Style and shave hair for both male and female.
• Sale of Clippers and Barbing Accessories
• Sale of Aftershave and Shaving Powder
• Home Services

4. Our Mission and Vision Statement

• Our vision is to become the number one choice when it comes to barbing saloon in the whole of West Palm Beach, Florida – United States of America and also to be amongst the top 20 barbers shop in the United States of America within the next 10 years.
• Bolingo and Sons Barbing Salon is in business is to establish a first class and standard barbing salon that will take care of both highly placed clients (celebrities, public figures and politicians et al) and lowly placed clients as long as they can afford our services.
• We want to become one of the leaders in the barbing salon services industry in Florida, and in The United States of America.

Our Business Structure

Bolingo and Sons Barbing Salon is a business that will be built on a solid foundation. From the outset, we have decided to recruit only qualified and licensed barbers and hair stylist to man various job positions in our barbing salon.

We are quite aware of the rules and regulations governing the barbing and the cosmetologist industry which is why we decided to recruit only well experienced and qualified employees as foundational staff of the organization. We hope to leverage on their expertise and experience to build our business brand to be well accepted in Florida and the whole of the United States.

When hiring, we will look out for applicants that are not just qualified and experienced, but honest, customer centric and are ready to work to help us build a prosperous business that will benefit all the stakeholders (the owners, workforce, and customers).

As a matter of fact, profit-sharing arrangement will be made available to all our senior barbers and it will be based on their performance for a period of five years or more. These are the positions that will be available at Bolingo and Sons Barbing Salon;

• Chief Barber / Chief Executive Officer (Mr. Donald Tyler)
• Deputy Chief Barber / Barbing Salon Manager (Trump Tyler)
• Sales Agent
• Cashier (Counter Agent).

5. Job Roles and Responsibilities

Chief Barber / Chief Executive Officer:

• Responsible for providing direction for the business
• Creating, communicating, and implementing the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
• Attend to high profile clients (celebrities, public figures and politicians)
• Responsible for fixing prices and signing business deals
• Responsible for recruitment
• Responsible for payment of salaries
• Responsible for signing checks and documents on behalf of the business
• Evaluates the success of the organization

Deputy Chief Barber / Barbing Salon Manger

• Responsible for managing the daily activities in the barbing salon
• Providing advice about styles and hair maintenance in response to customer enquiries
• Responsible for recruiting, training and managing staff
• Responsible for managing the organizations’ budgets
• Responsible for keeping statistical and financial records
• Responsible for preparing publicity materials and displays
• Handle marketing services
• Interfaces with third – party providers (vendors)
• Handle any other duty as assigned by the CEO

Barbers (10)

• Responsible for cutting hair for both male and female
• Responsible for dressing hair for both male and female,
• Responsible for grooming hair for both male and female
• Style and shave hair for both male and female
• Ensures that clippers and sharp objects are thoroughly sterilize before and after barbing
• Attend to clients in their various homes as requested

Sales Agents

• Manage external research and coordinate all the internal sources of information to retain the organizations’ best customers and attract new ones
• Model demographic information as it relates to those who need our services
• Source for clients for the barbing salon
• Responsible for promoting the company’s image
• Responsible for creating marketing and sales strategies, etc.
• Represents the organization in some strategic business meetings
• Handle any other duty as assigned by the manager or chief executive officer

Cashier (Counter Agent):

• Receives payments on behalf of the organization
• Issues receipt to customers
• Prepare financial report at the end of every working week
• Handles financial transaction on behalf of the company
• Interfaces with our bankers
• Responsible for payment of tax, levies and utility bills
• Handles any other duty as assigned by the chief executive officer or manager
• Responsible for cleaning the barbing salon facility at all times
• Ensure that toiletries and supplies don’t run out of stock
• Cleans both the interior and exterior of the barbing salon facility
• Handle any other duty as assigned by the manager and chief executive officer

6. SWOT Analysis

Bolingo and Sons Barbing Salon is set to become one of the leading barbing salon in West Palm Beach – Florida which is why we are willing to take our time to cross every ‘Ts’ and dot every ‘Is’ as it relates to our business. We want our barbing salon business to be the number one choice of all residence in the neighborhood of West Palm Beach – Florida.

We know that if we are going to achieve the goals that we have set for our business, then we must ensure that we build our business on a solid foundation. We must ensure that we follow due process in setting up the business.

Even though our Chief Barber / Chief Executive Officer (owner) has a robust experience in barbing, we still went ahead to hire the services of business consultants that are specialized in setting up new businesses to help our organization conduct detailed SWOT analysis and to also provide professional support in helping us structure our business to indeed become a leader in the barbing salon and cosmetology industry in the United States of America.

This is the summary of the SWOT analysis that was conducted for Bolingo and Sons Barbing Salon;

Our strength lies in the fact that we have a team of well qualified professionals and licensed barbers manning various job positions in our organization. As a matter of fact, they are some of the best hands in the whole of West Palm Beach – Florida.

Our location, the Business model we will be operating on, opening 15 hours daily and 7 days in a week, multiple payment options, well equipped barbing salon, home service deliveries and our excellent customer service culture will definitely count as a strong strength for us.

Our perceived weakness lies in the point that we are just starting out and we may not have the required finance to sustain the kind of publicity that we intend giving the business.

• Opportunities:

The opportunities that are available to barbers in West Palm Beach – Florida and in the whole of the United States of America are unlimited considering the fact that we have growing population of people who visit barbing salon at least once in two weeks.

We are going to position our business to make the best out of the opportunities that will be available to us in West Palm Beach – Florida.

Just like any other business, one of the major threats that we are likely going to face is economic downturn and unfavorable government policies.

It is a fact that economic downturn affects purchasing and spending power; if there are economic meltdown, people who usually visit barbing salon at least once in two weeks may likely reduce it to once in a month or so and that will definitely affect of revenue.

Another threat that may likely confront us is the arrival of a new and bigger / well established barbing salon brand in same location where ours is located.

7. MARKET ANALYSIS

• Market Trends

One major trend in the barbing salon industry is that most barbers or barbing salon do not just depend on customers coming to their barbing salon to patronize their services but also go the extra mile to offer same services to clients who would want them to visit their houses.

As a matter of fact, home services attracts extra cost and barbers tend to make more money when they have loads of clients that prefers home services. For example, celebrities, public figures, and politicians would prefer having a barber visit them at home as against going to a barbers’ shop.

Another trend is that more and more professional barbing schools are starting in the United States, because the United States before now do not enforce barbers to acquire professional license are beginning to enforce such law in their states.

No doubt loads of people want to look good at all times, this is perhaps one of the major essence the barbing salon, hair salon and beauty salon business came into existence. Over the years, the number of entrepreneurs who start this type of business daily have continued to be on the rise.

This is because of the rewarding nature of the business and also the point that people want to look good nearly all year round. As such, it can be said that this is one business that if well located, can experience massive patronage all year round.

8. Our Target Market

Bolingo and Sons Barbing Salon is in business to service a wide range of customers in West Palm Beach, Florida – United States of America. As a matter of fact, we are well positioned and equipped to handle only regular customers but also celebrities, politicians and public figures.

Before choosing a location for our barbing salon, we conducted our feasibility studies and market survey and we were able to identify those who will benefit greatly from our service offerings.

Basically, those who will benefit from our service offering are adults- both male and female, as well as children. This type of folks cut across various sectors of the economy. Our target customers can be classified into different groups. As a matter of fact, those who need the services barber cuts across people of all walks of lives, ages, cultures, race, religion and tribes.

The fact that we are going to open our doors to a wide range of customers does not in any way stop us from abiding by the rules and regulations governing the barbing salon and beauty care industry in the United States. Our staff is well – trained to effectively service our customers and give them value for their monies. Our customers can be categorized into the following;

• Celebrities
• Public Figures
• Politicians
• Business Executives
• Sport men and women
• Young Adults
• Elderly people
• Ladies who carry low cut

Our competitive advantage

No doubt starting a barber shop business might not be a herculean task after all. As a matter of fact, it is an easy to set up business that does not require formal training to achieve (excluding the United States of America). This means that you might even decide to get into this trade without training, provided you will hire expert stylists.

Anybody can set up a barbing salon, if they have the required startup capital. It means that the possibility of having countless barbing salon is high hence the increase in competition in the industry

We aware of this which is why we are leaving no stone unturned in making our barbers’ shop a one stop arena. It is for that reason that we have decided to come up with a business concept that will position us to become the leader in West Palm Beach – Florida.

Our competitive edge is that we are a standard barbing salon that has a good number of licensed and well – experienced barbers that are on standby to meet the needs of the clients both in our shop and home services. Our business offerings also will easily assist us in attracting the various clients that will look to attract.

We are quite aware that to be highly competitive in the barbing salon and beauty care industry means that you should be able to deliver consistent quality services; you should have sense of style and excellence.

Bolingo and Sons Barbing Salon is coming into the market well prepared to favorably compete in the industry. Our barbers’ shop facility is well positioned (centrally positioned) and visible, we have enough parking space with good security.

Our staff are well groomed in all aspect of the business and all our employees are trained to provide customized customer service to all our clients. Our services will be carried out by highly trained professional and licensed barbers who know what it takes to give our highly esteemed customers value for their money.

We are going to be one of the few barbing salon in the whole of West Palm Beach Florida that will offer home services and also run a standard barbing salon that will be open for a minimum of 15 hours a day and 7 days a week. We have enough trained and licensed barbers that are ready to run a shift system.

9. SALES AND MARKETING STRATEGY

• Sources of Income

Bolingo and Sons Barbing Salon will ensure that we do all we can to maximize the business by generating income from every legal means within the scope of our industry. Below are the sources we intend exploring to generate income for Bolingo and Sons Barbing Salon;

10. Sales Forecast

It is important to state that our sales forecast is based on the data gathered during our feasibility studies, market survey and also some of the assumptions readily available on the field. Below are the sales projections that we were able to come up with for the first three years of operations;

• First Year-: $50,000 ( From clients who visit our barbing salon ): $150,000 ( From home service clients / celebrities / public figures / politicians et al )
• Second Year-: $100,000(From clients who visit our barbing salon): $300,000 ( From home service clients / celebrities / public figures / politicians et al )
• Third Year-: $200,000(From clients who visit our barbing salon): $500,000 ( From home service clients / celebrities / public figures / politicians et al )

N.B: This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and the arrival of a well – established brand in same location as ours within the period stated above. Please note that the above projection might be lower and at the same time it might be higher.

• Marketing Strategy and Sales Strategy

The marketing and sales strategy of Bolingo and Sons Barbing Salon will be based on generating long-term personalized relationships with customers. In order to achieve that, we will ensure that we offer top notch all – round home healthcare services at affordable prices compare to what is obtainable in Florida.

All our employees will be well trained and equipped to provide excellent and top notch hair care / barbing services and customer service. We know that if we are consistent with offering high quality service delivery and excellent customer service, we will increase the number of our customers by more than 25 percent for the first year and then more than 40 percent subsequently.

Before choosing a location for our barbing salon, we conducted a thorough market survey and feasibility studies in order for us to be able to be able to penetrate the available market and become the preferred choice for residence of West Palm Beach, Florida – United States of America.

We have detailed information and data that we were able to utilize to structure our business to attract the numbers of customers we want to attract per time.

We hired experts who have good understanding of the barbing salon and beauty care industry to help us develop marketing strategies that will help us achieve our business goal of winning a larger percentage of the available market in West Palm Beach – Florida.

In summary, Bolingo and Sons Barbing Salon will adopt the following sales and marketing approach to win customers over;

• Introduce our barbing salon by sending introductory letters to residence, business owners and corporate organizations
• Advertise our barbing salon in community based newspapers, local TV and local radio stations
• List our barbing salon on yellow pages ads (local directories)
• Leverage on the internet to promote our barbing salon business
• Engage in direct marketing
• Leverage on word of mouth marketing (referrals) from satisfied and loyal customers
• Leverage on the internet / relevant social media platforms to market our barbing salon business

11. Publicity and Advertising Strategy

We are in the barbing salon services business -to become one of the market leaders and also to maximize profits hence we are going to explore all available conventional and non – conventional means to promote our home healthcare services business.

Bolingo and Sons Barbing Salon has a long term plan of offering hair care services in various locations all around Florida (home services) which is why we will deliberately build our brand to be well accepted in West Palm Beach before venturing out.

As a matter of fact, our publicity and advertising strategy is not solely for winning customers over but to effectively communicate our brand to the general public. Here are the platforms we intend leveraging on to promote and advertise Bolingo and Sons Barbing Salon;

• Place adverts on both print (community based newspapers and magazines) and electronic media platforms
• Sponsor relevant community programs / events
• Leverage on the internet and social media platforms like; Instagram, Facebook , twitter, YouTube, Google + et al to promote our brand
• Install our Bill Boards on strategic locations all around West Palm Beach – Florida.
• Engage in road show from time to time
• Distribute our fliers and handbills in target areas
• Ensure that all our workers wear our branded shirts and all our vehicles are well branded with our company’s logo et al.

12. Our Pricing Strategy

Bolingo and Sons Barbing Salon will work towards ensuring that all our services are offered at highly competitive prices compare to what is obtainable in The United States of America.

We know the importance of gaining entrance into the market by lowering our pricing so as to attract all and sundry that is why we have consulted with experts and they have given us the best of insights on how to do this and effectively gain more clients soon.

Our pricing system is going to be based on what is obtainable in the industry, we don’t intend to charge more (except for premium and customized services) and we don’t intend to charge less than our competitors are offering in West Palm Beach – Florida.

Be that as it may, we have put plans in place to offer discount services once in a while and also to reward our loyal customers especially when they refer clients to us. The prices of our products will be same as what is obtainable in other places.

On the average, our haircut services will cost between $10.00 and $50.00 per service rendered. Do bear in mind that this depends on the service rendered.

• Payment Options

At Bolingo and Sons Barbing Salon, our payment policy is all inclusive because we are quite aware that different people prefer different payment options as it suits them. Here are the payment options that will be available in every of our outlets;

• Payment by cash
• Payment via Point of Sale (POS) Machine
• Payment via online bank transfer (online payment portal)
• Payment via Mobile money
• Check (only from loyal customers)

In view of the above, we have chosen banking platforms that will help us achieve our payment plans without any itches.

13. Startup Expenditure (Budget)

Starting a barbing salon business is a business that any serious minded entrepreneur can successfully start without breaking the bank.

This is so because aside from the money required to rent a shop which can be expensive depending on the size and location of the facility, every other expenses that is required are quite within the reach of a serious minded entrepreneur.

The items listed below are the basics that we would need when starting our barbing salon business in West Palm Beach – Florida, United States, although costs might vary slightly depending on the state of the economy;

• The Total Fee for Registering the Business in Florida – $750.
• Legal expenses for obtaining licenses and permits – $1,500.
• Marketing promotion expenses for the grand opening of our barbing salon in the amount of $3,500 and as well as flyer printing (2,000 flyers at $0.04 per copy) for the total amount of – $3,580.
• Cost for hiring Business Consultant – $2,500.
• Cost for Computer Software (Accounting Software, Payroll Software, CRM Software, Microsoft Office, and QuickBooks Pro et al) – $3,000
• Insurance (general liability, workers’ compensation and property casualty) coverage at a total premium – $3,400.
• Cost for payment of rent for 12 month at $1.76 per square feet in the total amount of $105,600.
• Cost for office remodeling (construction of racks and shelves) – $10,000.
• Other start-up expenses including stationery ($500) and phone and utility deposits – ($2,500).
• Operational cost for the first 3 months (salaries of employees, payments of bills et al) – $70,000
• The cost for Start-up inventory (stocking with a wide range of products – clippers, shaving powder, hair shampoo and aftershave et al) – $ 10,000
• The cost for the purchase of furniture and gadgets (Computers, Printers, Telephone, TVs, Sound system, Mirrors, tables and chairs et al): $4,000.
• The cost of Launching a Website: $700
• The cost for our opening party: $5,000
• Miscellaneous: $2,000

We would need an estimate of $150,000 to successfully set up our standard and first class barbing salon business in West Palm Beach – Florida. Please note that this amount includes the salaries of all the staff for the first month of operation.

This are most of the equipment and supplies we will purchase before officially opening our barbing salon to the general public;

• Barber chair
• Hair clipper
• Barber cloth or wrap
• Barber powder (talcum powder or baby powder)
• Barber neck paper/tape
• Barber mirror or back mirror
• Hair brilliantine
• Hair dryer, hair blower or blow drier
• Hair pomade
• Hair scissors
• Shave brush
• Shaving oil
• Shaving razor
• Mustache wax

Generating Funding / Startup Capital for Bolingo and Sons Barbing Salon

Bolingo and Sons Barbing Salon is a private business that is solely owned and financed by Mr. Donald Tyler and his son Trump Tyler. They do not intend to welcome any external business partners which is why he has decided to restrict the sourcing of the start – up capital to 3 major sources.

These are the areas Bolingo and Sons Barbing Salon intends to generate our start – up capital;

• Generate part of the start – up capital from personal savings
• Source for soft loans from family members and friends
• Apply for loan from my Bank

N.B: We have been able to generate about $50,000 (Personal savings $30,000 and soft loan from family members $20,000) and we are at the final stages of obtaining a loan facility of $100,000 from our bank. All the papers and document have been signed and submitted, the loan has been approved and any moment from now our account will be credited with the amount.

14. Sustainability and Expansion Strategy

The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure. If all of these factor are missing from a business (company), then it won’t be too long before the business close shop.

One of our major goals of starting Bolingo and Sons Barbing Salon is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running.

We know that one of the ways of gaining approval and winning customers over is to offer our barbing salon services a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.

Bolingo and Sons Barbing Salon will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and retraining of our workforce is at the top burner.

As a matter of fact, profit-sharing arrangement will be made available to all our long – term serving staff and it will be based on their performance for a period of five years or more. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dream.

Check List / Milestone

• Business Name Availability Check: Completed
• Business Registration: Completed
• Securing Barbing license: Completed
• Opening of Corporate Bank Accounts: Completed
• Securing Point of Sales (POS) Machines: Completed
• Opening Mobile Money Accounts: Completed
• Opening Online Payment Platforms: Completed
• Application and Obtaining Tax Payer’s ID: In Progress
• Application for business license and permit: Completed
• Purchase of Insurance for the Business: Completed
• Leasing of facility and remodeling the facility: In Progress
• Conducting Feasibility Studies: Completed
• Generating capital from family members: Completed
• Applications for Loan from the bank: In Progress
• Writing of Business Plan: Completed
• Drafting of Employee’s Handbook: Completed
• Drafting of Contract Documents and other relevant Legal Documents: In Progress
• Design of The Company’s Logo: Completed
• Graphic Designs and Printing of Marketing / Promotional Materials: In Progress
• Recruitment of employees: In Progress
• Purchase of the required salon equipment / tools et al (Clippers, Sterilizers and hair cut accessories): In Progress
• Purchase of the Needed furniture, racks, shelves, computers, electronic appliances, office appliances and CCTV: In progress
• Creating Official Website for the Company: In Progress
• Creating Awareness for the business both online and around the community: In Progress
• Health and Safety and Fire Safety Arrangement (License): Secured
• Opening party / launching party planning: In Progress
• Establishing business relationship with vendors: In Progress

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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, swot 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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Barber Shop Business Plan Template

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

Over the past 20+ years, we have helped over 10,000 entrepreneurs and business owners create business plans to start and grow their barber shops.

How to Write a Business Plan for a Barber Shop

Below are links to each of the key elements of a barbershop business plan template:

• Executive Summary – The Executive Summary serves as your elevator pitch. Condense your entire business plan into a compelling overview that highlights key points like your business concept, target market, financial projections, and funding requests.
• Company Overview – Introduce your barbershop with a brief overview. Detail your business structure, mission, vision, and core values. Outline your business model, styling and men’s grooming services and retail products offered, and location.
• Industry Analysis – Dive into the barbershop industry. Research industry trends, local market trends, growth potential, and economic factors impacting the industry. Utilize resources like IBISWorld or industry-specific reports.
• Customer Analysis – Identify and understand your target customers. Create detailed customer profiles, and analyze their needs, customer preferences, and behaviors. Conduct market research to validate your target market.
• Competitive Analysis – Evaluate your competition (other barber shops and local businesses offering similar styling and grooming services). Assess their strengths, weaknesses, target market, pricing, and marketing strategies. Identify competitive advantages to differentiate your barber shop.
• Marketing Plan – Develop a comprehensive marketing strategy that will attract customers to your new barber shop. Outline your target audience, branding, pricing strategy, local advertising, public relations, promotions, and digital marketing efforts.
• Operations Plan – Detail your barbershop’s daily operations. Describe your shop layout, equipment, staffing requirements, hiring and training procedures, inventory management, and supply chain.
• Management Team – Introduce your management team. Highlight the experience, skills, and roles of key management personnel including management structure. Demonstrate your team’s ability to lead the business successfully.
• Financial Plan – Create a detailed financial plan. Include income statements, balance sheets, cash flow projections, break-even analysis, and funding requirements.
• Appendix – Provide supporting documents. Include market research data, permits, licenses, leases, resumes, and any additional relevant information.

Next Section: Executive Summary >

Barber Shop Business Plan FAQs

What is the easiest way to complete my barber shop business plan, where can i download a barber shop business plan pdf.

You can download our Barber Shop business plan PDF here. This is a comprehensive business plan template you can use in PDF format.

What is a Barber Shop Business Plan?

A solid business plan provides a snapshot of your barber shop as it stands today, and lays out your growth plan for the next five years. It explains your business goals and your strategy for reaching them. It also includes a marketing plan and market research to support your plans. Your comprehensive plan should also include a full financial model including income statement, cash flow statement and balance sheets.

Why Do You Need a Business Plan for a Barber Shop?

If you’re looking to start a barber shop or grow your existing barber shop you need a business plan. A successful barbershop business plan will help you secure funding, if needed, and plan out the growth of your barber shop in order to improve your chances of success. Your own barber shop 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 Barber Shop?

With regards to securing funding, the main sources of funding for a barber shop are bank loans and personal savings. 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 plan. Such a plan will give them the confidence that you can successfully and professionally operate a business. 

The second most common form of funding for a barber shop is personal savings. Other funding options are credit cards, crowdfunding and 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.

BARBER SHOP 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
• 10. Appendix
• Barber Shop Business Plan Summary

Other Helpful Business Plan Articles & Templates

• Sample Business Plans
• Beauty Salon & Fitness

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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Upmetrics Team

Upmetrics is the #1 business planning software that helps entrepreneurs and business owners create investment-ready business plans using AI. We regularly share business planning insights on our blog. Check out the Upmetrics blog for such interesting reads. Read more

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Free Hair and Beauty Salon Sample Business Plan PDF

Elon Glucklich

6 min. read

Updated February 7, 2024

Looking for a free,  downloadable hair and beauty salon sample business plan Word doc  or  PDF  to help you create a business plan of your own? Bplans has you covered.

Keep in mind that you don’t need to find a sample business plan that exactly matches your business. Whether you’re launching an upscale, full-service salon in a bustling city or a neighborhood barbershop, the details will be different, but the bones of the plan will be the same.

Are you writing a business plan for your salon because you’re seeking a loan? Is your primary concern building a clear roadmap for growth? Either way, you’re going to want to edit and customize it so it fits your particular company.

No two salons are alike. Your business model will be different if you’re renting space to independent hairstylists, rather than taking on employees, for example. So take the time to create your own financial forecasts and do enough market research so you have a solid plan for success.

• What should you include in a hair and beauty salon business plan?

Your hair and beauty salon business plan doesn’t need to be hundreds of pages—keep it as short and concise as you can. You’ll probably want to include each of these sections:

• Executive summary
• Company summary and funding needs
• Products and services
• Marketing plan
• Management team
• Financial plan

One of the things that makes a salon business plan different from some service-based business plans is that you might decide to offer a combination of products and services.

Maybe you’ll sell shampoo, beard oil, or other cosmetics and beauty products, in addition to offering services like haircuts, manicures, or massages. If that’s the case, make sure you include your ideas for upselling products to customers to increase the value of every appointment you book.

Here’s an example of a salon business plan outline.

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• The 7 elements of an effective hair and beauty salon business plan

1. Executive Summary

The  executive summary  provides a high-level overview of your business plan. It should outline the objectives of your hair and beauty salon, such as to offer high-quality services, to expand the client base, or to break into a new market.

Your salon’s mission statement should describe its purpose and what sets it apart from competitors. For example, you may aim to offer a personalized experience for each customer or provide eco-friendly hair and beauty services.

The keys to success are the factors that will help your salon thrive. These may include a prime location, hiring experienced staff, excellent customer service, or a unique product and service range.

2. Company Summary and Funding Needs

The company summary offers a detailed overview of your salon, including its legal structure , location, and history. Also, it highlights your salon’s funding needs if you are seeking financial support.

Clearly state how much funding you need, what you will use it for, and how it will benefit the salon. For instance, you may need funds to renovate the premises, purchase equipment, or boost marketing efforts.

3. Salon Products and Services

This section should detail the products and services your hair or beauty salon will offer. These may include haircuts, hair treatments, manicures, pedicures, massages, and beauty treatments.

If you plan to retail beauty products such as shampoos, conditioners, or skin care items, include this information too. Highlight any unique services or products that differentiate your salon from competitors.

4. Salon Marketing Plan and Analysis

Your marketing plan should outline the strategies you will use to attract and retain customers. These strategies might include social media advertising, loyalty programs, partnerships with local businesses, and special promotions.

Additionally, you should conduct a thorough market analysis. Understand your target customers, their preferences, and their spending habits. Identify your competitors, their strengths and weaknesses, and how you can differentiate your salon.

5. Salon Management Team

The management team section provides information about the salon’s key personnel. This could include the salon owner, managers, stylists, beauticians, and other staff members. Highlight their roles, responsibilities, qualifications, and experience.

If you plan to rent chairs to independent stylists rather than hiring employees, describe how this arrangement will work and the advantages it offers for your business.

6. Financial Plan and Forecasts

Your financial plan should present detailed financial projections, including revenue, costs, and profitability. Include a cash flow statement, income statement, and balance sheet. This section should clearly demonstrate the salon’s potential profitability and financial viability.

Also, outline your pricing strategy. How have you priced your services and products, and how do these prices compare with competitors? What are your wage costs, and how will they affect your profitability?

7. Appendix

The appendix includes any additional supporting documents that complement your business plan. This might be market research data, lease agreements, employee contracts, or licensing and permit documents.

While not always necessary, the appendix can provide valuable context and proof to support your business plan’s content.

• Crafting a Successful Salon Business Plan: Key Considerations

Understanding your target clientele’s needs is crucial to writing a hair or beauty salon business plan that you can put into action. To ensure your business plan is the foundation of a growing operation rather than just checking boxes, ask yourself whether you’re taking these considerations into account.

1. Comprehensive Services Offering

In the beauty industry, customer preferences vary significantly, and staying versatile in your offerings can help cater to a broader clientele. Include a wide range of services that cater to different demographics. You may also consider offering unique or specialized services that distinguish your salon from others.

2. Pricing Strategy

Pricing can make or break your salon. Competitive pricing attracts customers, but your pricing should also cover your costs and ensure profitability. Effective market research can help you understand the average cost of services in your area, which you can use to set your prices competitively.

3. Salon Atmosphere

The ambiance of a salon plays a significant role in attracting and retaining customers. Consider factors like décor, cleanliness, and customer service when planning your salon.

4. Staff Training and Expertise

Quality service is crucial in the hair and beauty industry since word-of-mouth exposure from existing clients is a major driver of new business. Investing in ongoing staff training ensures that your team stays updated with the latest trends, techniques, and customer service skills.

5. Digital Presence

Although word of mouth is one business driver, many of today’s customers research online before visiting a salon. Having a strong online presence, including a well-designed website, effective search engine optimization and active social media accounts, can significantly boost your business.

• Download your free hair and beauty salon sample business plan PDF

Download this  hair and beauty salon sample business plan PDF  for free right now, or visit Bplans’ gallery of more than  550 sample business plans  if you’re looking for more options.

There are  plenty of reasons  salon business owners can benefit from  writing a business plan —you’ll need one if you’re seeking a loan or investment.

Even if you’re not seeking funding, the process of thinking through every aspect of your business will help you make sure you’re not overlooking anything critical as you grow.

Elon is a marketing specialist at Palo Alto Software, working with consultants, accountants, business instructors and others who use LivePlan at scale. He has a bachelor's degree in journalism and an MBA from the University of Oregon.

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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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Salon Business Plan Ultimate Guide + Free Example

July 6, 2023

Adam Hoeksema

When it comes to starting a salon, you may be eager to dive into the world of beauty and make your clients look and feel their best. However, it's important to recognize that writing a business plan is a crucial step, especially when seeking support from potential lenders and investors.

While it may not be the most exciting task, a well-prepared business plan demonstrates your commitment and professionalism, making it an essential tool to secure the necessary funding and outline your salon's path to success. It's also important to make sure your business plan and financial projections are realistic and inline with some industry averages for salons .

This guide is going to help you walk through the following:

• Salon Business Plan Outline
• Conducting Market Research for Your Salon Business Plan
• Creating Financial Projections for Your Salon Business Plan

Example Salon Business Plan

Salon business plan faqs.

With that in mind as the path forward, let’s dive in. 

What Should be Included in a Salon Business Plan?

A salon business plan must convincingly show to prospective financiers and loan providers why clients would opt for your salon, why you or your crew are best suited to oversee the salon operations, and how the financial projection to ensure a favorable financial return on their investment. Here is a thorough breakdown of our complimentary salon business plan template .

‍ Salon Business Plan Outline ‍

I Executive Summary

II Market Analysis

III Business Description

IV Marketing and Sales Strategies

V Menu of Services and Pricing

VI Operational Plan

VII Financial Plan

• Startup Costs
• Projected Financial Summary
• Annual Sales, Gross Profit and Net Profit
• Key Financial Ratios
• Watch how to create financial projections for your very own salon
• Income Statement
• Balance Sheet
• Cash Flow Statement

VIII Conclusion

How to Conduct Market Research for a Salon Business Plan

At the core of any salon business plan is market research. It's necessary to understand your position within the market and establish that there is a substantial demand for your unique salon concept, location, and pricing tiers. You can delve more into our salon market research approach here, but essentially, you're seeking to understand your competitors, obtain insights on potential customer traffic, select an ideal location, and foresee any seasonal trends that may affect your business. Below are some tools and tactics for executing market research for your planned salon.

What Will be the Cost to Advertise my Salon?

We suggest using Google Keyword Planner to help you identify which keywords to promote to attract customers to your salon's website. The tool also offers an estimate of the cost per click for advertising using various keywords, as demonstrated below:

What Keywords are Customers Searching for?

We use both Google Keyword Planner and Ahrefs to identify which keywords are driving traffic to your competitors' websites. For example, you can run a report on a competitor's site to identify the keywords they rank for and the amount of organic traffic each keyword garners. This data can guide your SEO initiatives.

How Seasonal are Salons?

We like to utilize Google Trends to determine how seasonal your salon concept might be. For instance, you can observe below that the search volume for “salons near me” in the United States is somewhat seasonal in nature.  June is consistently the peak, with the late fall tending to be the low point of the season

How Many Customers Visit my Competitors Each Month?

Finally, we recommend pulling foot traffic reports on your competitors to understand the average number of customers they typically serve in their salons. You can see an example below showing the number of visits per month for a specific location:

Ultimately, your potential customer base's size for your salon will be a crucial assumption underpinning your financial projections. Thus, grasping how many customers frequent your competitors can help you predict potential traffic to your salon.

How to Create Financial Projections for a Restaurant Business Plan

With comprehensive market research completed, it's time to develop financial projections for your salon. Our salon financial projection templates rely on various factors, such as client traffic and service capacity, to form the basis of your revenue projections. While some salons may have limitations on the number of available appointments, others may be constrained by the time it takes to deliver services effectively. Creating accurate financial projections is crucial to showcase your salon's potential to repay loans and provide a return on investment to potential stakeholders. To achieve this, consider the following steps:

• Estimate startup costs for your salon
• Forecast revenue (employee based, booth rent, salon suite, hybrid)
• Project supplies and labor cost
• Estimate your operating expenses like rent and utilities
• Calculate how much investor or loan capital you will need to open

Our salon projection template will guide you through this process and help format your projections in a standard format that meets the requirements of potential investors or lenders. Typically, startup salon projections should include an integrated income statement, balance sheet, and cash flow forecast.

By following these steps and utilizing our salon projection templates, you'll have a solid foundation for presenting your salon's financial outlook and demonstrating its potential profitability.

Below you will find the text of our salon business plan. You can also access a downloadable Google Doc version of this salon business plan template here , enabling you to make personalized edits. Additionally, we have created a helpful video walkthrough that guides you through the process of tailoring the business plan to suit your salon concept.

Table of Contents

Executive Summary

Our salon, called "Lux Beauty Spa," is a full-service beauty and wellness center that aims to provide a luxurious and rejuvenating experience for all of our clients. Our mission is to enhance the beauty and well-being of each individual that walks through our doors, through personalized and expert services. 

We will offer a wide range of services including hair styling, nail care, skin treatments, massage therapy, and more.

Our target market is women and men of all ages who are looking for a high-quality beauty and wellness experience. We will be located in a high-end shopping center in downtown to attract our affluent target market. Our projected start-up costs are $200,000, and we anticipate reaching profitability within two years.

Market Analysis

The beauty and wellness industry is growing, with a projected global market size of $716.3 billion by 2027. In our target market, there is a growing demand for high-end beauty and wellness experiences, and a trend towards holistic and natural approaches to self-care.

Our main competitors include established high-end salons and spa centers in the area, but we differentiate ourselves through our focus on personalization and luxury. We will also offer services and products not commonly found in traditional salons, such as custom skincare treatments and exclusive hair care lines.

Business Description

Lux Beauty Spa will be a limited liability company (LLC), owned and operated by two experienced beauty professionals. We will be fully licensed and insured, and comply with all state and local regulations.

Services Offered:

Lux Beauty Spa will offer a comprehensive range of beauty and wellness services, including:

• Hair styling: We will have a team of skilled hair stylists offering cuts, coloring, and styling services for all hair types. We will use high-quality hair care products and tools, including well-known and exclusive brands.
• Nail care: Our nail technicians will offer a variety of nail services including manicures, pedicures, and gel polishes.
• Skin treatments: Our licensed estheticians will offer custom skincare treatments, including facials, peels, and microdermabrasion. We will use only the finest and natural skincare products.
• Massage therapy: Our licensed massage therapists will offer a range of massage services, including Swedish, deep tissue, and hot stone.

Marketing and Sales Strategies

To attract and retain clients, we will employ several marketing and sales strategies, including:

• Online advertising: We will create a professional and attractive website, and use targeted online advertising to reach our target market.
• Promotions and discounts: We will offer promotions and discounts to new clients and for special occasions, such as birthdays and holidays.
• Loyalty program: We will reward our regular clients with exclusive discounts and special offers.
• Referral program: We will incentivize our clients to refer their friends and family to Lux Beauty Spa with discounts and bonuses.

Menu of Services and Pricing

Our menu of services and pricing will be competitive with other high-end salons in the area. We will offer packages and memberships for regular clients, as well as a la carte services for those who prefer one-time treatments. Our prices will reflect the luxury and quality of our services and products.

Operational Plan

Lux Beauty Spa will operate 7 days a week, from 9 AM to 9 PM. Our staffing will include a manager, hair stylists, nail technicians, estheticians, massage therapists, and a receptionist. We will use scheduling software to manage appointments and ensure efficient use of our resources. Our inventory management will include regular monitoring of product levels and restocking as needed. We will also keep detailed financial records and regularly review our performance to make necessary adjustments to our operations.

Financial Plan

Our projected start-up costs are $200,000, which will cover rent, equipment and supplies, marketing, and salaries. Our operating expenses will include rent, utilities, supplies, salaries, and marketing. Our sales revenue will come from services and product sales, and we anticipate a steady growth in revenue over the next two years.

Our financial projections show we’ll break even in year 3 and grow profit considerably after that.

All of the unique financial projections you see below were generated using ProjectionHub’s Salon  financial projection template s. Use PH20BP to enjoy a 20% discount on the template. 

Startup Costs:

Projected Financial Summary:

Annual Sales, Gross Profit and Net Profit:

Key Financial Ratios:

Watch how to create financial projections for your very own salon:

Income Statement:

Balance Sheet:

Cash Flow Statement:

Lux Beauty Spa is poised to become a leading luxury beauty and wellness center, offering personalized and expert services to our affluent target market. With a strong focus on quality and luxury, we are confident in our ability to achieve profitability and success in the beauty and wellness industry.

What should I include in a salon business plan?

A salon business plan should include sections on executive summary, company description, market analysis, target market and services, pricing and packages, marketing and promotion strategies, location and facilities, staffing and management, and financial projections.

How can I determine the ideal location for my salon?

When selecting a location for your salon, consider factors such as foot traffic, visibility, accessibility, competition in the area, parking availability, and proximity to your target market. A location near residential areas or commercial districts with a high demand for salon services can be ideal.

How can I estimate financial projections for my salon?

Financial projections for a salon should include estimates for start-up costs, monthly expenses (such as rent, utilities, products, and employee salaries), projected revenue based on service pricing and expected clientele, and a break-even analysis to determine when your salon will become profitable.

About the Author

Adam is the Co-founder of ProjectionHub which helps entrepreneurs create financial projections for potential investors, lenders and internal business planning. Since 2012, over 50,000 entrepreneurs from around the world have used ProjectionHub to help create financial projections.

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How to start a non-emergency medical transportation business.

This article is a guide on learning more about how to start a non-emergency medical transportation business and the key financial assumptions necessary to create reliable financial projections.

5 Key Tips to Make Your Startup Business Plan Shine for an SBA Loan

Learn 5 key tips to make your startup business plan stand out and secure an SBA loan, from demonstrating market potential to creating realistic financial projections.

8 Ways to Enhance Your Chances of Getting approved for an SBA Loan

Learn practical steps to increase your SBA loan approval odds. This guide offers 8 straightforward strategies from an experienced SBA loan officer.

Have some questions? Let us know and we'll be in touch.

12 Strategies for Starting a Barber Shop Business [Business Plan]

Editorial Team

Men are now more concerned with their hairstyles and maintenance than women. With an independent brick-and-mortar, you can maximize your barbering abilities. You may be wondering how to open a barbershop.

Don’t be concerned. This comprehensive guide has you covered. Let us go over all the steps involved in launching a business and opening a barbershop.

It would be best to consider several factors in building a barbershop from the ground up. Let us go over them.

1. Decide If The Business Suits You

Starting a barbershop takes time and effort, like any other type of business. Before deciding whether a barbershop is right for you, you should educate yourself as much as possible. You will be taking a significant risk, so educating yourself before diving in is essential.

Barbershop Industry Trends

Barbershops are introducing new products and services to increase revenue.

Size and growth of the industry

• Job growth forecast – Barbershops are expected to expand alongside beauty salons, with a projected 19% annual growth in job openings for barbers, hairstylists, and cosmetologists through 2030.
• The number of businesses – There are over 107,000 barbershops in the United States.
• Several people employed – Barbershops employ nearly 135,000 people in the United States.

Trends And Challenges

Barbershop trends include:

• Some upscale new barbershops serve alcoholic beverages, positioning haircuts as a social event.
• Mobile barbers, similar to doctors who make house calls but use scissors instead of stethoscopes.

Barbershop industry challenges include:

• The risk of accidents and misunderstandings with customers

2. Hone Your Skillset

Aside from being presentable and friendly, you will need proper skills to start and grow your shop. Before starting your own business, research the latest hairstyles and hone your skills.

It would be best to master the art of satisfying your clients while providing the best service. To master this, you must have some hands-on experience.

How Much Should You Charge For Services?

Whether opening a no-frills shop or a high-end, spa-like experience, you could offer introductory discounts to attract customers and build your reputation. In any case, it’s a good idea to research barbershops in your area to become acquainted with local pricing.

Men’s haircut prices range from $10 to $100, with a $28 average in the United States. The price you charge should correspond to your concept. You should be able to charge a higher price if you provide a high-end haircut experience. However, you must remain aware of the competition to avoid pricing yourself out of the market.

Who? Identify Your Target Market

Your target market will depend on your concept. A bespoke shop will attract a younger, hipper clientele, while an old-fashioned concept will likely pull in an older crowd. You can choose the best places to reach these demographics with your marketing.

Once you’re up and running, word-of-mouth referrals and repeat clients will be your main source of business.

Where? Choose Your Business Premises

Your barber shop’s location is critical and should be related to your concept. For example, you wouldn’t put your high-end shop next to a senior citizen’s residence. Choosing a location with consistent foot traffic is also a good idea. Sites like Craigslist, Crexi, and Instant Offices can help you find commercial space to rent in your area.

When selecting a commercial space, consider the following four guidelines:

• Spacious, well-lit space in a high-traffic area
• Flexible lease, which can be extended as your business grows
• Ready-to-use space, which does not require any major renovations or repairs

3. Brainstorm/Find A Business Name

Your company’s name is its identity, so choose one that expresses your goals, services, and mission in a few words. You’ll probably want a name that’s short and easy to remember because word-of-mouth referrals will account for a large portion of your business, particularly your initial business.

Here are some ideas for business names to consider:

• Unique, short, and catchy names tend to stand out • Easy-to-say and spell names tend to perform better
• The name should be relevant to the products or services you offer.
• Seek advice from family, friends, colleagues, and social media.
• Including keywords in the name, such as “barber” or “hair,” improves SEO.
• Select a name that allows for expansion, such as “Jim’s Bakery” rather than “Jim’s Cookies.”
• Using keywords in the name, such as “barber” or “hair,” improves SEO.
• Select a name that allows for growth, such as “Jim’s Bakery” rather than “Jim’s Cookies.”
• Avoid geographical names that may impede future growth.
• Use keyword research tools online. Enter a few keywords and press “generate,” and you’ll have dozens of suggestions.

Finally, choose a name from those that pass this screening and proceed with social media account creation and domain registration. One of the key differentiators that distinguish your company is its name. It is difficult to change the business name once you have chosen your company name and begun with the branding. As a result, it is critical to carefully consider your options before establishing a business entity.

4. Look Out For Suitable Premises

Finding the right location for your company will be critical to its growth. A specific site can bring in many customers or ruin your investment. When looking for suitable premises, there are several important factors to consider.

Client Coverage And Rent Ratio

It is an important factor to consider. A shop in a busy part of town will undoubtedly attract more customers, but the location will be expensive.

Sites near the office and schools will be reasonably priced. On weekdays, locations near the office building might show steady customer flows. For schools, you can attract more customers by offering special student discounts.

Also, if you want to save your rental money, consider opening your shop in the city’s growing areas. You will see an increase in clientele as your locality grows.

Area Of The Site

It is another imperative aspect to look into. Opt for premises accommodating all staff and equipment without creating a suffocating environment.

General Amenities

Look out for any dampness or mold on the site. Check for air ventilation and heating and air-conditioning systems. Your customers look forward to a relaxing experience, so you must maintain an excellent ambiance.

5.  Light Up A Barber Shop Business Plan

Once you’ve determined your skills and experience, you’ll need to create a business plan. Making a well-thought-out idea is always beneficial. So, brainstorm ideas for the services you’ll offer your customers.

Examine the most recent trends to see which styles are in demand. Please make a list of all the services you offer and determine whether you are fully capable of providing them.

Some of the basic services available in barbershops include:

• Haircutting, washing, and styling
• Beard styling and maintenance
• Facial shaving and maintenance
• Mustache trimming

You can also stay on track as you build your business with the help of a well-written business plan. There are a few key sections in a great business plan.

• Outline your mission, goals, and values in your executive summary. The following sections can also be summarized high level here.
• What market research have you conducted in your industry? How have you analyzed the market size, trends, gaps, and opportunities?
• Analyze your competitors: Who are they? What are their strengths and weaknesses? What makes you stand out from your competitors?
• How would you describe your ideal client in your marketing plan? What marketing strategy will you use to reach them? Branding can also be discussed here.
• As a manager, what do you bring to the business that will ensure its success?
• The day-to-day operations of your business should be outlined. You can also discuss your employee plan here. What roles will they perform, and how many will you hire?
• Provide a detailed financial plan outlining startup costs, how the business will generate consistent cash flow, and your financial goals and projections for each of the first five years.

6. Down Your Well-Devised Strategy

Writing a barber shop business plan and strategies will assist you in evaluating various aspects of your business. Management, marketing, and cash flow strategies can all be easily planned and plotted.

You can quickly identify flaws and devise countermeasures with your ideas in front of you.

• Devise the pricing for the services
• To put out your rate list, to need to consider several factors. Let us give a quick look at them.
• Skills and experience under your belt

It is well said that if you know how to do a task well, you should never do it for free. So, why settle for low prices if you are confident in your abilities? You can charge a reasonable fee for services that you can provide with unparalleled quality.

Inflow And Outflow

You must have an accurate picture of your cash flow. Keep in mind that here you are making a profit, so the inflow of revenue should always be greater than the outflow. Consider your fixed and variable costs.

Your rent and other consistent charges are examples of fixed costs. On the contrary, variable costs include various bills, employee wages, maintenance fees, etc. By balancing the flow in your favor, list the prices.

The Price Range Of Competitors

Go through the price range of the barbershops in your locality. The same will give you a general idea of the price range of different services. With this, you can easily tweak your  pricing strategy .

Aim of your brand

Have a clear image of your brand in your mind. Are you going to offer affordable barbering services or a one-of-a-kind luxury experience?

Consider the intended audience as well. The pricing of your in-house services should reflect the types of clients you intend to attract in the future.

7.   Look Into Financing

You cannot open a barbershop without sufficient capital. You must keep your savings intact for them to serve you in the long run. Loans can be used to generate additional capital for your business. There are various loans, such as startup loans, business loans, etc. Examine the advantages and disadvantages of various options and select the best one.

It is also critical to keep track of your company’s finances. As a result, you should open a separate business account to track all revenue flows.

Evaluate The Investment Cost

Certain investments are required to open a barbershop. Aside from the basic rent for your premises, it would be best to consider other costs. Some of the initial investments will be:

• Revamping the interiors of the shop
• Cost of the equipment and supplies
• Insurance and legal fees
• Wages of the staff
• The training course, if necessary

8. Look Into Regulations

You must investigate the license and insurance policies. You should obtain a barber license from your local government authority to run a successful business. Also, register your shop with the authorities and thoroughly read all the bylaws.

Barbers frequently skip out on insurance policies. However, these policies can protect you from significant damage in heavy rains.

Some fundamental policies include the following:

• Employer liability coverage
• Coverage for mishaps
• Treatment liability insurance
• It is prudent to investigate various package deals to obtain the bunch at a reasonable price.

9. Deem About Health Safety Concerns

You must use various electrical tools and chemicals in this line of work. Because your employees will be working to build your brand’s image, you must take appropriate precautions to ensure their safety. A happy workforce will work hard and keep your customers satisfied. Your business will grow quickly if your customers are satisfied. So keep an eye on these issues.

Here are some of the major health and safety issues to look into:

Never overlook the importance of cleanliness in your store. Maintain a clean environment so that customers have a positive experience. Ensure to have the tools you are using are properly cleaned. A minor blunder on your part will result in a nasty infection for the client, destroying your brand image.

Chemical Safety

You have to work with certain dyes, gels, and different chemicals. Do your homework on all the supplies properly, and avoid using hazardous materials. Get in line with Control of Substances Hazardous to Health laws for proper storage and disposal of these products.

Electrical Safety

A tiny error in maintaining the electric tools and equipment can land you in challenging adversities. Never neglect a faulty tool, constant flicker in lighting, and other signs that may indicate an electrical issue.

10. Find The Right Staff

Having a great team at your disposal will allow you to elevate your business. Advertise the vacancy in both offline and online modes. Scrutinize all the applications on definite criteria.

Here are some pointers to look for:

In Hand Experience

An experienced barber will have a strong skill set but demand more wages. On the other hand, a newbie needs to be trained but can work with a moderate wage.

Appearance And Social Skills

The job demands constant interaction between the barber and the customer. So, to keep your customers happy, your staff needs to understand the social cues and invite the customer with proper warmth.

11. Your Equipment

Your staff and clients will benefit from having the right equipment. You’ll need the following barbershop equipment:

• Barber chairs
• Straight razors
• Hand-held blow dryers
• Styling products
• Shampoo, conditioner, and other hair care products

In addition to coloring products, you may also need hair salon equipment if you plan to run a barbershop.

You will also need the following to keep your business running smoothly:

• Cleaning products
• Laundry machines
• Point of sale (POS) software
• Accounting software
• A computer or tablet for the front desk (or a cash register)
• Display cases
• Waiting area furniture and decor
• Your equipment costs can be anywhere from $50,000 to $100,000, depending on the amount you need and the quality of each piece.

12. Time To Attract The Customers

After fitting all the shop pieces in the proper places, it all comes down to attracting more customers. Here are some tips to follow:

Build A Digital Persona

Build a website for your brand and advertise it with the strong back hold of different social media platforms.

Offer Exclusive Discounts And Incentives

Offer different rewards and referral programs to new customers to bind them with your brand.

Provide Excellent Service

Customers stay loyal to the brand if they experience excellent services. Dash up your services with your unique touch to mesmerize your customers so that they keep coming in and even refer your name to others.

CONCLUSIONS

Barbering demands fantastic customers dealing socially and professionally. Provide the best ambiance and offer excellent services to magnetize more customers.

With strong determination and passion for the activity, you can quickly set up your own business and pave the way to the top in no time.

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Salon Business Plan: What You Need To Know About Starting A Hair And Beauty Salon

Booksy Team

minute read

So, you’re looking to get into the salon business.

Maybe you’re a natural at styling hair and applying makeup. Perhaps you’re passionate about the beauty industry and you love helping women feel good about themselves.

Whatever the case, if you want to get your biz off the ground, the first thing you should do is come up with a plan .

Which is exactly what we’ll discuss in this guide.

Below, you’ll learn the ins and outs of writing a salon business plan . You’ll learn what it is, why you should have one, and the steps you should take to come up with a solid business plan for your hair and beauty salon. 

What is a Salon Business Plan?

A salon business plan is a formal document that outlines your strategy for starting and running your hair and beauty salon. It usually consists of several parts and covers various aspects of the business including the company’s backstory, products and services, financials, sales, management, and more.

A business plan also outlines your goals. It sheds light on how you plan to achieve those objectives and in what timeframe.

Why Should You Create a Business Plan for Your Hair and Beauty Salon?

When you’re inspired to start a business, it can be tempting to just… well, start.

And while there are certain situations when quickly kicking off your business is a great idea (e.g., when you want to sell something online), it isn’t advisable to take this approach when it comes to a fully-fledged business with a physical location, like a salon.

Here are some of the reasons why you need to step back and plan before diving into your venture:

To get clear on what you need to do 

Writing a business plan forces you to take a long hard look at your idea . You’ll examine it from multiple angles, conduct market research, and confront your finances. In doing so, you’ll gain more clarity on whether or not your idea is viable, and if it is, what you’re going to do to get it off the ground.

This sets you up for success because rather than going in blind, you have a solid understanding of what your market is like, how you’re going to penetrate it, and how much it’ll cost.

To secure funding

If you’re looking to obtain a loan or raise money for your salon , then a business plan is a must.

Because here’s the thing:

Banks and investors require a formal document outlining how you’re going to use their money.

Needless to say, your business plan can make or break your chances of securing capital, so make it good great.

To stay on track with your business

Starting and running a salon isn’t a piece of cake. Just like with any entrepreneurial endeavor, there are going to be ups and downs. You need to roll with those peaks and valleys to be successful.

To do that, you need discipline.

You also need grit and determination.  

More importantly, you need a plan.

Having a plan for your business will enable you to anticipate issues that may come up. It also helps you stay on track as you go through the journey of starting and running your salon. If you run into a wall or unsure of what to do next, you can refer to your biz plan for insights.

What to Include in Your Salon Business Plan [with Samples]

Now that you have an idea of what a business plan is and why it’s important, let’s move on to the different components of the document.

Here are the chapters that every salon business plan should have:

1. Executive Summary

This section gives readers a quick overview of your business. It should paint a picture of what your salon is all about and the goals you want to hit.

Typically, the Executive Summary will contain:

Business Abstract

Kick things off with a couple of paragraphs defining your business. Let’s say you want to create a hair salon targeting millennials. Your abstract could read something like this:

SLEEK HAIR & BEAUTY is a contemporary salon geared towards millennial women. Our goal is to offer trendy, sustainable, and affordable grooming services that would help modern women look and feel their best.

We will be the first millennial-centric salon in Emerald City, and our objective is to gain a 35% market share by year 1. We want to be the go-to salon for modern women who are looking to elevate their looks.

Mission and Vision

This is the part where you talk about the core purpose of your salon as well as your big vision for the business. So our fictitious salon’s mission and vision could be:

We want SLEEK HAIR & BEAUTY to serve a destination salon for Millenials. We envision having a beautiful and inviting environment where clients can get their beauty needs taken care of by expert stylists who understand them.

Company Summary

The “Company Summary” chapter of your business plan is exactly what it sounds like:

It should summarize the key details of your company.

This part details things like:

• Company ownership (Who owns the company?)
• Business structure (What is the legal business structure of your business? Sole proprietor,  LLC, or something else?)

Business Goals 

You’ll also want to mention the key objectives you want to hit by the first 1, 3, or 5 years that you’re in business.

Some examples include:

• Grow our client base to 100 customers by 2021
• Capture 35% of the market by year 1
• Become cash-flow positive by the year 2022

Every business is different, so take some time to figure out your goals and timeline, and then map your objectives from there.

2. Service and Product Offerings

The next chapter of your salon business plan is all about your services and products.

As a salon, you’ll likely want to include services like:

• Hair services – shampoo, blowout, haircuts, hair styling, straightening, coloring, etc. 
• Skincare and beauty – facials, hair removal, beauty consultation, makeup application, eyebrow shaping, etc.

The vast majority of salons also sell products . If you’re planning to do the same, specify the items and merchandise you’re planning to sell.

Common examples for salons and spas include:

• Haircare – shampoo, conditioner, leave-on products, etc.
• Skincare – facial wash, toner, moisturizer, serum, facial oil, etc.

If possible, discuss how you plan to source your products and how you much you’ll sell them for.

SLEEK HAIR AND BEAUTY, for example, can talk about their focus on selling sustainable products from women-owned companies. From there, they can list out potential vendors and product lines, along with pricing information.

3. Market Analysis

Diving into business without doing market research is like going into battle without any idea of who you’re up against and what the battle conditions are like.

You’ll end up losing if you don’t take time to analyze what’s ahead of you.

The same thing goes for salon business planning. You need to research your target market, the state of your industry , as well as your competitors.

Then once you’ve done that, summarize all your findings in the “Market Analysis” chapter of your business plan.

Here’s an overview of what this section entails.

State of Your Industry

This section should outline the size of the market, its growth potential, and any other details that would give readers a better understanding of your industry. The more localized your data is, the better.

SLEEK HAIR & BEAUTY, for example, which is located in Emerald City, can look into the beauty and wellness industry within their location, and include data points like:

• The number of hair and beauty salons in Emerald City
• The growth rate of these businesses
• How much the businesses are worth
• How much residents spend on hair and beauty services on a given month or year

Target Client Profile

This section dives into who your target clients are. There are two main things that you should touch on in this chapter:

Client Demographics

• Income level
• Where they live and work

Client Psychographics

• Motivators and drivers
• Beliefs and behaviors
• Likes and dislikes
• Aspirations
• Brands or people they identify with

Competitive Analysis

It’s time to do research on the other hair salons in your area.

Map out where they’re located. Visit them to see their businesses in person. Look into their products, services, and pricing.

The data and insights you gather will help you figure out the best way to position your salon, so you can set yourself apart from your competitors.

Conducting a competitive analysis will also give you ideas on how to market your salon.

Which brings us to our next point…

4. Sales and Marketing Strategy

Your business plan should talk about how you intend to acquire customers . This chapter should shed light on:

The Marketing Channels You’ll Use

Talk about the salon marketing platforms that you’ll utilize in your business. What websites or platforms will you use to get the word out?

The answer to that depends on your target audience and market position.

A business like SLEEK, which targets millennials, would utilize channels like organic search and social media (particularly Instagram marketing), because their target audience spends a lot of time online.

Your marketing channels may be different. The key is to get to know your audience and figure out the best way to engage them.

Sales and Promotions

Another thing to touch on is your sales and promotional strategy. How are you going to hook people into your salon? What tactics will you implement? In the salon industry, some of the most common sales and promotions include:

• First-time client promotions
• Referral programs
• Loyalty programs
• Gift certificates

Have a think about which tactics would work for your salon, then add them to your plan.

5. Management and Organization Summary

This section of the plan will iron out the details of your salon’s management , operations and staffing. Typically, this chapter includes:

Organizational Structure

Detail the hierarchy of your organization. Who will oversee the company? Who reports to whom? What will be your role?

You’ll want to create an org chart to illustrate your company structure. This will make it easier for readers to understand how your business would operate.

Staffing Requirements

This part answers the question of who you need to hire in your salon to get your business up and running. Be sure to list the number of people you need for each position.

You could create a list along the lines of:

• Senior Stylist (2)
• Junior Stylist (1)
• Aesthetician (1)
• Receptionist (1)

You could also include a job description for each role, to give people a clear idea of the tasks they’ll be performing at your salon. 

6. Financials

It’s time to talk numbers.

Here are some of the things to include in the financial chapter of your business plan:

Itemize the costs that you’ll incur to start and run your salon. These would typically include:

• Location expenses (lease, utility insurance, etc.)
• Staffing costs (wages, health coverage, etc.)
• Equipment (styling chairs, shampoo lounge, etc.)
• Software (appointment scheduling software, payment processor, etc.)
• Supplies (shampoo, conditioner, brushes, etc.)
• Marketing (advertising budget, flyers, business cards, etc.)
• Inventory (haircare products, skincare products, etc.)

Financial Forecasts

Business finances will vary from one company to the next, so the data in this section will be completely up to you.

Generally speaking, though, this chapter would contain your:

• Projected revenue . How much do you think you’ll earn in the first month? What about in months 2, 3, etc? How much do you plan to earn in your first year of business?
• Break-even analysis . Based on your anticipated revenues and expenses, at what point will your break-even? Six months? A year or two? Plot out the analysis for your readers. 

If you’re writing a business plan to secure funding, the financial chapter will be the most closely-scrutinized section of the document. That’s why it’s critical to have your numbers in order.

When in doubt, get help from a financial pro when you’re tackling this chapter.

What to Do After You’ve Written Your Business Plan

So, you’ve written business for your upcoming salon… what’s next?

Here are some suggestions on what you should do after completing your salon business plan .

Have Someone Else Read It

One of the first things you should do is to have a colleague, advisor, or stakeholder review the document. Ask them to go over the plan and get their feedback.

Is the business plan easy to understand? How would they improve it? If they were an investor, would they want a piece of your company?

The answers to these questions will help you fine-tune your biz plan.

Take It to the Bank

If you intend to secure capital for your business, it’s time to take your plan to the bank (or to potential investors).

Schedule meetings with the necessary parties and start talking about how to get your business off the ground.

Use It in Your Business

A business plan isn’t a document that you should just file away.

Remember, it’s a key component that can keep you on track as you start and run your business

Let your business plan serve as a reference doc that tells you how you’re doing. Are you meeting your projections? Are your sales and marketing strategies going according to plan?

The best way to answer these questions is to have your salon business plan handy.

So, have it in your place of business so you can refer to it whenever you need to.

Ready to Kick Off Your Salon Business?

Starting a salon takes work, but with the right plan, people, and tools, you can get your business up and running smoothly.

Speaking of salon tools, check out Booksy, an online scheduling software that enables your clients to book through your website, on social media, or even on Google.

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Barbing Salon Business Plan | Hair Grooming

Barbing Salon Business plan – 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.

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.

When people started to request for special barbers and extra fee 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 have 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, 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, ours is a well written barbing salon business plan , 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 is 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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Barbing Salon Business Plan in Nigeria / Feasibility Study & Manual

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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:

BANK NAME: FIRST BANK PLC

ACCOUNT NAME: CHIBUZOR TOCHI ONYEMENAM

ACCOUNT NUMBER: 3066880122

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!

Barbing Salon Business Plan in Nigeria / Feasibility Study & Manual © www.businessplan.com.ng

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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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BARBING SALON BUSINESS PLAN IN NIGERIA

FEGEOSTOM barbing salon is an exquisite beauty parlor located in the densely populated, residential district of Ogun State – Mowe to be precise. Although we are a growing business, we are careful enough to offer our customers an ideal environment that is serene and entertaining, so they can experience maximum relaxation as we provide our excellent service to them.

We are not only concerned about cutting or trimming the hair of our customers but we are interested in bringing out the beauty in them- through our excellent work of art. Moreover, our services are not limited to the men folks. We also provide services for women and children.

Our location is deliberately planned and strategic, providing an excellent advantage for our business. Mowe is primarily residential and about 90% of the population prefers to have their haircut or hair treatment within their residential area. It makes them more relaxed and gives them the opportunity for a quick overall clean up e.g. bathing. This is the major reason why we decided to have our first location in Mowe. Also, the real estate cost is still relatively cheap in this region.

We have plans to expand and extend our business beyond what it is now and we also hope to have branches in at least 4 south-western tertiary institutions.

To be the number one barbing salon in our locality through excellent service, ideal environment and future extension to other regions.

• To provide quality service to our customers
• To provide a comfortable, relaxing and entertaining atmosphere for our customers
• To establish a 100% customers loyalty.
• To have a percentage increase in customer base by at least 35% annually through premium service and word of mouth referral.
• To maintain a fair price for our services.

Products and services

• Hair cut for both sexes and for all age groups
• Hair treatment and grooming
• Dying and coloring
• Beard shaving, shaping, and treatment
• Home service

Why you should be patronize us

We are in an easily accessible location with good parking space, our environment is comfortable and entertaining, our services are top-notch and our prices fair.

The importance of our location cannot be over-emphasized in any business. We are aware of the fact that the success of a salon business depends on how easy it is to reach it. That is why we are deliberate about our location. Our location is so strategic such that we are visible to passers-by and easily accessible by vehicles with enough parking space. We believe in creativity; therefore, we made our shop so beautiful and attractive to get the attentions of passers-by.

Competitive strategy for  Barbing salon Business plan in Nigeria

We are not a regular beauty shop. We offer top-quality barbing and grooming services to our clients and we also incorporate entertainment for our clients in our services. We serve as a mini viewing center due to the fact that 80% of our clients are football lovers and we do not charge for this. Our shop is large enough to house 15 people comfortably at a time and we do not restrict this access to our clients only.

This bonus has been very effective in growing our customer base. Additionally, our customer service is top-notch. We maintain a culture of respect and politeness for everyone that visits our shop whether they need our services or not. We are able to achieve this by employing well-groomed and educated individuals.

Equipment for Barbing salon Business plan in Nigeria

Stand-by generator, standard rotatable barber chairs, quality clippers, wall mirrors, cover cloths, cosmetics, air conditioners, standing fan, plasma TV, plastic chairs and satellite. Our current operational cost is about 800,000 naira including goods that are being sold.

However, we hope to expand beyond our current status. We aspire to fully incorporate a standard viewing enter which we can be monetized alongside our current business. We also look forward to having a game center (majorly table tennis and PES). These additions will help us generate more profit and increase our customer base.

The cost of expansion requires a sum of N15 million. This includes the cost of purchasing land and building our own facility. This is to eliminate rental cost and ensure our sustainability in the region in which we are known. The remaining funds will be used to employ more competent hands and get the necessary equipment.

Marketability

Presently, our quality service and uniqueness have been an excellent market strategy. However, as we expand, we intend to optimize social media marketing (SMM) in order to create awareness beyond our locality. We believe that our uniqueness in incorporating other businesses such as viewing and gaming centers to our beauty shop will enhance curiosity and social media is an effective platform to showcase our uniqueness. In addition, Social media marketing will allow us to easily and effectively promote our business beyond Mowe axis to other parts of the state and by extension, Lagos.

Expected profit

All things being equal, we should generate a profit of 8 million from various services provided in the first year with at least a 30% increase in subsequent years.

Management experience

Our management team has technical and practical experience in the beauty industry and certifications in business management. Therefore, we are capable of handling other arms of the business effectively: viewing and gaming.

Why you should invest in Barbing Salon Business Plan in Nigeria.

The beauty industry will ever remain one of the most profitable industries in Nigeria. With almost half of the population made up of youths who obviously are appearance conscious. You can be certain of making a good profit if you venture or invest in a business such as barbing. Moreover, a barbing salon is not limited to hair cut but involves a variety of beauty services.

In addition, FEGEOSTOM intends to extend her services beyond the salon by including fun and entertainment which will serve as complimentary profit sources. With our competence and strive for excellence, you can be certain about having good returns if you partner with us.

FOR THE FULL DETAILS OF THIS BUSINESS PLAN, BUSINESS MODEL CANVAS, MARKETING PLAN AND FINANCIALS: 

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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

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How to start barbing salon business in nigeria.

In this article you will learn everything you need to know about barbing salon business in Nigeria. The capital needed to start the business, how profitable barbing salon business is in Nigeria, and the steps involved on starting a barbing salon business in Nigeria. Yesterday, I went to barb my hair and trim my beard and I dropped another N800 as usual for payment of service rendered.

I do this at least twice a month just to make sure I look sharp and nice and I guess you too. We do not have a choice except you don’t have beards in your genetic make-up. Like my barber will always say “You need me more than I need you”. Prior to yesterday, two weeks earlier when I visited him we were in a good mood and alone in the salon so I decided to ask him some questions about his barbing business.

I wanted to know if he will tell me how he started or just decide to hide the business secrets but however, he talked and I was glad he did. These are his details. On a good weekend (Saturday and Sunday) he said he makes N50,000 minimum and if there are more customers he could make as much as N70,000.

Keep in mind that his barbing business is a sole proprietorship business. So he enjoys the profit alone. And it was not surprising to hear him talk about how much he makes on weekends because I know some other barbing salons earn much more. So I decided to know why this was such a big deal to him. Then he went further to give me a breakdown of his expenses.

According to him because he owns his container – the barbing shop, he only pays for the land he uses which is N10,500 per month. On electricity, he pays N5,000 because he shares with other shops. For fuel and generator maintenance he pays 5,000 per week meaning N20,000 per month and uses 5,000 for the repair and maintenance of his gen.

Expenses of Barbing Salon of Benue Guy

• Land lease per month = N10,500
• Electricity Bills = 5,000
• Fuel = 5,000
• Generator maintenance = 5,000

Total Expenses = 25,500

This is the breakdown of how much he spends monthly to keep his barbing salon going. But when we talk about the profit he makes a whooping profit of N120,000. Take note, I have not added the barbing services from Monday to Friday if I did this should be about N150,000 monthly . 

That’s more than what some bankers make monthly as a salary. This got me thinking if handwork (rendering services) can make this much why are Nigerian youths looking for white-collar jobs? It’s like we have been cursed or jinxed to think that white-collar jobs are the only option out of poverty.

Who said the barbing salon business is not lucrative (if you know what you’re doing). This was a wake-up call for me. What if this guy was charging N2,000 or N3,000 for his barbing service or not let’s not even go too far? What if he was charging N1,000? So today I am going to be sharing with us how to start a barbing salon business in Nigeria and how to make massive profits.

Also, I will after much study and findings I will be sharing with us some of the mistakes my Benue guy was making – basically why his profit has not doubled or tripled. This is not to make jest of him because I have already had a sit with him on this. This is for us to learn so that you will not be trapped when you finally start yours.

Trapped in the sense that you are not making enough profit yet you cannot close the business or advance further. I call this stagnancy in business but the common term many people use is “it’s still manageable”. So without further ado let’s go into it right away.

Capital Needed to Start Barbing Salon Business

There’s no specific cost as regards starting a barbing salon in Nigeria because it all depends on the state and area you’re in. For example , the cost of setting up a barbing salon in Abuja will be totally different from the cost of setting it up in Enugu.

It all depends on the area in the sense that the cost of setting up a barbing salon in Maitama, Abuja is different and far more expensive than the cost of setting it up in a random village in Enugu. There’s no fixed price to this. You just have to decide where you want your salon to be and how much you can afford.

List of Barbing Salon Equipment

There are many barbing tools or equipment needed to start a barbing salon business in Nigeria. These barbing salon equipment or tools can be cheap or expensive it depends on where you are buying them in Nigeria.

1. Hair clippers

2. Hair Trimmers

4. Barber Shears

5. Barber Comb

6. Straight Razor

7. Sterilizing and Disinfectant Supplies

8. Professional Hair Dryer

9. Barber Chair

10. Barber Shop Hair Products

11. Mirrors

13. Reception or Waiting Couch

14. TV or Music Player

These are the steps on how to start a barbing salon business in Nigeria.

1. Learn How to Barb Hair

This is the first and most important step in how to start a barbing salon business in Nigeria. Except you just want to go into the barbing salon as an investor (you establishing the business yourself and looking for a barber(s) to barb for you) it is very important to learn how to barb first. In fact, I will say this is the most important part of the business.

No customer will be ever satisfied with you barbing nonsense with hair despite the comfort you give them when they visit your salon. What is the use of a beautiful all equipped salon that its barbers cannot barb good hairstyles? It’s just like buying a beautiful car that has a bad engine.

If you are able to understand this aspect of the business and take your time to learn well it will not matter where your shop is located or how crappy it looks people (customers) will look for you. In fact, they will stock you. A co-worker of mine once followed me from our workplace to my barbershop just because he liked the way my barber barbs my hair.

This tells you that distance has no barrier sometimes when it comes to getting what customers want. So you really need to take your time and learn first how to barb.

How Long Does it Take to Learn Barbing in Nigeria?

This usually depends on the boss or oga you are going to learning from. While some bosses believe that you have to learn for 1 year some believe you can still learn it perfectly within 3 – 6 months. Most bosses are never certain but they will all tell you one thing for sure – the period you use in learning totally depends on how much effort you put into it.

It is just like learning how to play musical instruments. It’s not about the time you put into it. It’s about how serious and passionate you are about it. There have been cases of many people learning handwork at a particular period and some learn on time so therefore to be freed while some take more time before they are freed.

I think it’s also about how fast you can learn. Learn and whilst you are learning do not just learn the barbing aspect, learn the business aspect. How your boss treats his customers. How he pays bills. How he maximizes his profits. Basically how he manages his business in general. Remember that! After learning to be sure you have really learned the skill offer to barb hair for your junior ones for free.

Since they pay less attention to themselves they are likely to pardon any mistakes you make while barbing, unlike adults. And if you don’t have younger ones, you can offer to barb children’s hair for free. I have seen this happen at the barbing salon I used to barb where the boss instructs one of the learners to barb the hair of a customer’s children and after he or she is done, the boss looks at the haircut and adds one or two corrections to guide the apprentice.

Learn by barbing for children and when you are now getting it and have perfected it to an extent you can now start barbing for adults.

2. Start Rendering Home Services

After learning the barbing skill, most business advisers will advise you to go and rent a shop immediately and start barbing for customers but we all know this does not happen most of the time in real life successfully. People will have to know you well before they can drop their hard-earned money for your service.

This is the reason so many writers start a blog first before writing their first book and so many photographers do free photoshoots for free before they start charging for their services. People (customers have to know you first, what you stand for (your brand), and how far you are going in your barbing business before they can invest in you or your business directly or indirectly.

This is why I strongly recommend home service barbing first. Another reason why I suggest home service barbing first is to have something to do first if you cannot afford a shop immediately after you are done with your learning. Instead of waiting for the big break to get money to open your shop, you can start home service first.

And I must be honest with you getting your first customer for the home service barbing might be the toughest for you but if you are able to get one at the end and you do the service well – I mean barb the hair well your haircuts will speak (advertise) for you.

Your customer’s friends will start asking “Who is your barber?” and before you know it your customer will have no choice but to introduce you and your service to them. This is what happened to me earlier that made a co-worker of mine come to my area to barb his hair all the way from our workplace.

Render home service for like a year or 2 and use the money you’ve gathered from it to register your business and rent a shop.

3. Buy Barbing Salon Equipment

At this stage, you need to go to the market and buy your barbing equipment/ tools. Barbing tools or equipment prices vary but one major factor is where you buy them. What you buy should depend on your budget. You can buy the necessary ones now and as time goes by you can buy others.

The most thing is to start and as time goes by grow the business to where you want it to be. It is always about the humble start.

4. Get the Name and Logo for your Salon

In as much as making a brand for your barbing salon is important, you should not spend tons of money on it as a business starter. My best advice for you here is that you look for a graphic designer who can do a good job for you by suggesting a perfect name and creating a good logo that makes you stand out within your budget.

In as much as branding is important, what people (customers) really think about your business is what matters. Branding experts will tell you “Branding is not your logo, it’s not even your brand name. It is what customers think about your goods or services”.

Also, keep in mind that when it’s time to generate a name for your barbing salon you need a name that your customers can easily spell and easily remember. Do not worry, one of these days I will write an article on how to brand your goods and services in Nigeria just in case you are still confused about this.

A simple logo also matters. The more complex it is the harder it is for people to understand. Just think of what you represent and give the ideas to your graphic artist. He will bring these ideas to life.

5. Register your Barbing Salon

The registration of any business is more important in Nigeria now than ever and your barbing salon should not be exempted However despite the fact that about 80% of the registration as been made easy by the Nigerian government it can still be stressful to register a business if it’s your first time so you can outsource this out for an agent to do for you.

Depending on the agent you can be charged from N20,000 to N35,000 so you can go for any agent that can do it for you within your budget.

Particulars for Registering Your Barbing Salon in Nigeria

1. Business Name

2. Business Logo

3. Address of Business

4. Name of Owner of Business

5. Utility Bill

6. Passport

Submit all these particulars to the agent and sit back and he’ll get this done for you at the right time. In about 3 – 4 weeks. When you register your business on time it keeps your mind at peace and makes you focus on other important parts of your business. Read our article on how to register your business name in Nigeria

6. Renting a Shop or Space

Renting a space or a shop for your barbing salon business in Nigeria can be daunting especially if you are trying to eat your cake and have it. And by that, I mean not having enough, or should I say abundant money yet you want to rent a space or shop in a place that thousands of people pass daily.

It’s a normal marketing strategy shop owners use. If the shop is located in a place like the main road or market the price of such shops is inflated than if the shop is in a small area. So the question is “What do you do here?” You just have to look well. There’s always a location that is nice and serene yet is highly populated with good yearly rent. This is the kind of area you should go for.

Also, consider the standard of living of the people living in the area. You can’t start a barbing salon business in a place like Mushin and say you want to charge N2,500. Not one customer will enter your shop to barb and if peradventure they give it a try, they will not come back. The area is very important when it comes to making profits from this business it can also be a pitfall.

7. Attracting the first Customers

If you really followed my step 2 instruction it should be easy to attract customers now that you have opened a barbing salon. All you need to do here is to start informing the customers you did home service for about your new shop. If possible give them crazy discounts just to drag them to your shop.

Also, you can tell them that they will have more discounts if they can refer people (customers) to your shop. There are tons of methods for attracting customers to your shop. Don’t worry, you can send me an e-mail if you have challenges with this.

8. Prepare your Financial Statement

This is one thing I like about the Igbos for no offense to other tribes in Nigeria. To the Igbos every naira counts so, therefore, everything must be accounted for down to the least. This seemed to have worked for them a lot. It’s hard for an Igbo guy to fail in business because this is one of his secrets.

You need to prepare the necessary accounts for your barbing salon business if you really want to make big money from it. Not doing this will put your business in jeopardy because you will not be able to monitor your expenses and when you cannot monitor your expenses and profits your business will collapse.

This was one of the mistakes my barber Benue Guy was making. Hopefully, he is doing it now so he can be sure of his numbers.

9. Employ More Workers

Many of us reduce the value of our businesses. We don’t even know what it’s capable of. All we are concerned about is if it is making a particular profit year in and year out but this is not how it should be. A mentor of mine will say “Your business is not really a business until it can survive without you” and I can’t agree less with this business quote.

One of the things I noticed about Benue guy was he doesn’t have workers to work for him especially if and when he is not around. When he is not around probably because he traveled for a week he will lock his shop all in the trust that he is loyal customers will wait for him to come back.

This has worked for him for a while but I don’t think it will work for him forever besides if he employs more barbers this will increase his profits although he will have to pay them wages. But let’s look at it from the bright side. When it’s time for your business to grow let it grow don’t be selfish because you want to enjoy the proceeds alone.

10. Establish your Salon Branches

Grow your barbing business and open branches but take it one branch at a time. You can borrow money from banks to do this if you have the accounts to prove your barbing salon is doing fine financially. Learn; read more on how to progress in your business and God will take care of the rest.

The barbershop business in Nigeria is a lucrative business if you can see the potential gold in it. Be positive and don’t let anyone discourage you if it is the business of your dreams. Believe and chase it! Start now and I’ll be waiting here for you if you need any advice.

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How to Start a Barbing Salon Business in Nigeria

Starting a barbershop business is a profitable venture in Nigeria. The demand for haircuts and hairstyling services is high. Fortunately, both men and women need these services; hence, the market for these services is huge. It is one business where you are sure you will never run out of customers if you are offering quality services. 

Write a Barbing Salon Business Plan

Before you can start a barbering salon business, you need to first write a business plan . A barbershop business plan will help you plan your resources and ideas before implementing them. A good business plan should have the following:

• Operational requirements
• Startup costs
• Sources of startup capital
• Business location
• Market analysis
• Competition analysis
• Marketing strategies

Learn How to Barb

Before you can start a barbing salon business in Nigeria, you need to learn how to barb. You need to know how to use clippers and also know different barbing styles. A barber is an artist, and you need to learn the hairstyles and different skills to win in the competition. Some of the skills in barbing that you need to learn to include shaving, trimming, and tracing the hairline. No customer will be willing to visit your barbershop again if you don't master these skills.

Rent and Shop

Once you know how to barber, you need to rent a shop. When renting a shop, identify a good business location. The barbershop business is best suited for areas with a high population, like a town or a market. A barbershop is one of the businesses you can start in townships. Ensure that your barbershop is spacious enough to accommodate many customers. It should also have a waiting area.

Furnish the Shop

You need to furnish your barbering salon business before you can open doors to customers. Customers will most likely visit a well-furnished barbershop that has a revolving chair and a waiting area. You also need to paint the shop with creative color combinations and make it look attractive. You can hire a designer to help you furnish your barbershop business.

Get Business Licenses

Before you can start business operations, you need to get a business license. You will need to register your business with agencies like CAC and get licenses to operate the business. Getting business licenses ensures that your business is legitimate and also helps you stay out of trouble with government agencies.

Buy Barber Salon Business Equipment

To start a profitable barbering salon business in Nigeria, you need to have the necessary equipment. If you have limited capital and are just starting, you can buy the most necessary and keep adding more as time goes by. You will need the following barbing equipment:

• Hair trimmers
• Hair clippers
• Revolving chair
• Dyes relaxers
• Head washing basin
• Sterilizer kit
• Cover clothes
• Standby generator
• Conditioners
• Straight razor
• Waiting chairs
• Comb and brush

Cost of Starting a Barbing Salon Business in Nigeria

The cost of starting a barbering salon business in Nigeria depends on the size of the business, the business location and the equipment you intend to buy. To start a well-furnished and equipped barbershop in Nigeria, you need between N350,000 and N500,000.

The following is the startup cost breakdown:

• Hair clippers – N14,000
• Cover clothes – N2,5000
• Standby generator (2.5Kva) – N65,000
• Sterilizer kit – N20,000
• Mirrors and fans – N20,000
• Waiting chair (couch) – N45,000
• Revolving chair N30,000
• Furnishing the shop – N25,000

Is the Barbing Salon Business Profitable in Nigeria?

The barbering salon business is one of the most profitable businesses in Nigeria since hair services are a necessity for almost every Nigerian. With a good business location, marketing, and by offering excellent customer service, you can get many customers. A barbing salon business in Nigeria can generate up to N150,000 revenue every month.

Barbing salon business expenses are as follows:

• Rent per month – N25,000
• Electricity bill – N4,000
• Generator fuel N4,000

For business consultancy, strategic planning, organizational development, market research, financial management & accounting, risk management and business plan writing at an affordable fee, please reach out to us through a phone call +254728 621 138, or WhatsApp , or email: [email protected]

Challenges Facing the Barbing Salon Business in Nigeria

You can expect the following challenges in the barbing salon business in Nigeria:

• Saturated market due to the presence of many barbershops
• Challenges with the power supply fluctuation
• Dishonest barber employees

To start a profitable barbing salon business in Nigeria, you need to learn how to barb and then buy the necessary barbing equipment. Learn different barbering hairstyles and then offer excellent customer service to your customers. After that, you can start marketing your business aggressively. Give your business time to grow by attracting new customers.

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A Modern Nigerian Barbing salon business plan/Requirements for Barbing Salon Feasibility Study

• Post author: Ane
• Post published: April 27, 2018
• Post category: BUSINESS-PLAN-AND-FEASIBILITY-STUDY / Update
• Post comments: 0 Comments

Table of Contents

• Articulate what to do;
• Make capital budget;
• Make materials budget;
• Make personnel budget;
• Make turnover budget;
• Make your service delivery/marketing assessment;
• Talk to somebody about the business – a friend, family member, partner, investor, collaborator, competition etc.
• Plan for expansion
• Chart a management pathway – as a management road map
• Get a business coach or consultant to help you;
• Belong to a trade association;
• Ask for & get government/donor/NGO’s help;
• Get Bank loan, investors and partners
• Get Bank of Industry Small Scale Entrepreneurship loan
• Get Bank of Industry-Dangoted Sponsored Entrepreneurs’ loan

THE BUSINESS PLAN:

OUR PRODUCTS AND SERVICES

• Hair  cut for both male and female
• Hair dressing for both male and female
• Hair  grooming for both male and female
• Hair Dye/colouring  for both male and female
• Fashionable hair styles  for both male and female
• Sale of  barbing accessories to other barbers
• Home services

Our competitive advantages:

• The introduction and use of modern barbing technologies in equipment models for A1 class services
• Enhance Technical and Practical experience in the barbing salon Industry to deliver quality services
• Educational skill and knowledge for trainees and youth economic empowerment.
• The capacity to consistently deliver quick and  outstanding services at the best possible price
• Top quality barbing and grooming services with an excellent understanding of the market trend
• Our staff bring in professional touches, operational, promotional and technical skills to the business

HOW TO GET THE CONCLUDING PARTS :

• The Executive Summary
• The Management Team And Their Profile
• Your Competitive Advantage
• The Industry Overview
• The Market Overview
• Your Products & Services
• Marketing Mix/Strategies
• Your SWOT Analysis
• Your Financial Plan – Sources of fund, and how to generate more from the processes activities.
• Your Financial Analysis – Projected Income Statements, Balance Sheet And Fund Flow Statement.
• Breakeven Analysis
• Accounting Ratios Generated
• Your Economic Assessment Of The Project
• Conclusions

WHAT YOU ARE REQUIRED TO DO NOW!

CLICK THESE  RELATED TOPICS :

Get help here:.

Finally, for a Modern Nigerian Barbing salon business plan and the associated  requirements for a Barbing Salon Feasibility Study, contact completefmc. today.  As a matter of fact, at Completefmc.com we structure a bankable business plan for small business startups. For every lean start up plan we develop, we add startup accelerator strategies. These we build into the business startup ideas generated by us. Therefore with Completefmc.com starting up a business is an experience. Added also are startup funds for lean start up and franchise opportunities.  Get a copy here now.

Deacon Anekperechi Nworgu, a seasoned economist who transitioned into a chartered accountant, auditor, tax practitioner, and business consultant, brings with him a wealth of industry expertise spanning over 37 years.

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8 Best Tips to Start a Barbing Salon Business in Nigeria

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If you’re looking for a profitable business idea in Nigeria, starting a barbing salon may be a great option. 

With the country’s high demand for haircuts and grooming services, a well-run barbing salon can be a lucrative venture. 

However, starting a business from scratch can be daunting, especially if you’re unsure where to begin.

In this article, we’ll explain how to start a barbing salon business in Nigeria.

How to Start a Barbing Salon Business in Nigeria- A Step-by-Step Guide

1. understand the barbing salon industry.

If you’re looking to start a barbing salon business in Nigeria, it’s important to first understand the industry. This will help you make informed decisions and increase your chances of success. 

Market Research

Before starting any business, it’s important to conduct market research. This will help you understand the demand for your services and identify your target market. 

In the case of a barbing salon business, you should consider factors such as location, competition, and pricing.

A well-established salon in a good location could earn as high as ₦600,000 monthly. However, it’s important to note that the competition is high, and pricing can vary widely. 

2. Create a Business Plan

A business plan is a written document that outlines your business goals, strategies, and financial projections. 

When starting a barbing salon business in Nigeria, creating a business plan is crucial to ensure the success of your venture.

Services Offered

List the services you plan to offer in your barbing salon. This may include haircuts, shaves, beard trims, hair coloring, and other grooming services. 

You should also consider offering additional services such as selling hair care products, providing massages, or offering refreshments to your clients.

3. Choose a Good Location

When it comes to starting a barbing salon business in Nigeria, choosing the right location is key to your success. 

Your barbing salon should be located in a place that is visible and easily accessible to potential customers. A location near a busy road or in a commercial area with high foot traffic is ideal.

Before settling on a location, conduct a competition analysis to see if there are other barbing salons in the area. 

If there are already several barbing salons in the area, it may be difficult to attract customers. 

However, if there are no barbing salons in the area, it could be a great opportunity to establish your business .

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4. Design Your Salon

The interior layout of your salon is crucial to creating a welcoming and comfortable atmosphere for your clients. 

Choose a layout that allows for easy movement and accessibility. Consider the size of your space and the number of chairs you plan to have. 

Make sure there is enough space for your clients to move around without feeling cramped. Add decorative elements such as plants, artwork, or mirrors to enhance the overall aesthetic of your salon. 

Make sure to choose colors and materials that are easy to clean and maintain.

5. List of Barbing Salon Equipment

Having the right equipment and supplies is essential to running a successful barbing salon. The essential equipment for a barbing salon typically includes:

• Thinning shears
• Standard barber shears
• Straight razor
• Safety razor
• Duster brush
• Spray bottle
• Hair wash basin
• Barber station mat
• Stylist apron
• Beauty salon trolley rolling cart
• Hydraulic reclining barber chair
• Hand towels

Invest in high-quality equipment that will last you a long time. 

Your brand should reflect the style and personality of your salon. Create a logo and use a consistent color scheme throughout your salon and marketing materials.

Offer unique services or products to differentiate yourself from competitors. For example, you could offer a complimentary beverage or sell hair care products that are not available elsewhere.

6. Obtaining Licenses and Permits

Starting a barbing salon business in Nigeria requires obtaining the necessary licenses and permits to operate legally.

It is important to note that the requirements for obtaining licenses and permits may vary depending on your location. Some of the licenses and permits you may need to obtain include:

• Business Name Registration : This is a legal requirement for all businesses in Nigeria. You can register your business name with the Corporate Affairs Commission (CAC) in Nigeria.
• Health and Safety Permits: You may be required to obtain a health and safety permit from the appropriate government agency to ensure that your salon meets the required health and safety standards.

7. Hiring Skilled Personnel

If you want to run a successful barbing salon business in Nigeria , you need to hire skilled personnel. 

This is because the quality of service you provide to your customers is directly proportional to the skills and expertise of your staff. 

To hire skilled personnel for your barbing salon business, you need to have a recruitment strategy in place. 

This involves identifying the skills and qualities you are looking for in a barber, as well as the channels through which you can reach potential candidates. 

Some effective recruitment strategies include:

• Posting job vacancies on job boards and social media platforms
• Referrals from existing staff or customers
• Networking with other barbers in the industry.

Tips for Setting Up a Successful Barbing Salon Business 

• Oraimo clippers are great and inexpensive.
• Find a shop in a high end location so you’ll be able to charge more for a haircut.
• It’s always better to cut the hair yourself if you’re looking to make the most of this business.
• Find something to make your Barber shop different from others. Maybe you offer refreshments like peanuts for waiting customers.
• Night is when most people cut their hair so make sure you’re open at night.
• Maintain a professional and hygienic environment to build trust and loyalty among customers.
• Focus on excellent customer service to encourage repeat business.
• Equip the salon with modern facilities to attract and retain customers.

How Much to Start a Barbing Salon in Nigeria

To start a barbing salon in Nigeria, the required capital can vary depending on the scale and standard of the salon. 

For instance if you’re looking for a shop that’ll cost you as much as 300,000 Naira. That’ll be a shop in a good location. But if you’re looking for an average shop then you could get one for 150,000 Naira.

The total design for your shop could cost as much as 500k. A single clipper cost as much as 20k. But it’s always proper to have like two at most.

Then your mirror, chairs, generator, the painting of your shop and something like a couch for waiting customers.

The average capital estimate ranges from 500,000 naira, to 1 million Naira with smaller salons starting with less than 500,000 naira. 

Is Owning a Barber Shop Profitable in Nigeria?

Owning a barber shop is profitable in Nigeria, with average earnings varying based on location, clientele, and the scale of the business. 

According to available data, the profitability of barber shops in Nigeria can be influenced by factors such as the type of salon, the skill of the barbers, the quality of service, and the ability to attract and retain customers.

Let’s say you cut hair for N700 which is on the low end. Let’s say you cut like 10 people daily. If your shop is in a good location, 10 people daily is easy.

With 10 people daily that’s N210k everyday. After expenses and everything at the end of each month you should be having a free N100,000. 

How Much Can a Barber Make in Nigeria?

The income of barbers in Nigeria can vary widely based on factors such as location, experience, and the type of salon. 

According to available data, the average net salary for a barber in Nigeria is around ₦110,000 per month after every expense.

Additionally, the earnings can be influenced by the number of clients, the quality of service provided, and the overall business success of the salon.

How Can I Make My Barber Shop More Profitable?

To earn more money with your barber shop, try these ideas:

• Advertise to get more people coming in.
• Reward regular customers to keep them coming back.
• Sell extra stuff or offer more services to make each customer spend more.
• Offer the trendy styles and services people want.

Is It a Good Idea to Be a Barber?

Deciding to become a barber can open up a world of possibilities. It’s not just about cutting hair; it’s about expressing your creativity, honing your skills, and maybe even making some good money.

But let’s be real: being a barber isn’t all fun and games. It takes serious commitment and a lot of effort. You’ve got to be willing to put in the hours, learn the craft inside and out, and truly love what you do.

That being said, if you’re passionate about making people look and feel their best, if you’re willing to put in the work to master your craft, then becoming a barber could be an incredibly rewarding career choice for you.

Conclusion 

In wrapping up, starting a barbing salon in Nigeria holds tremendous potential for success if you follow these nine secrets. 

From knowing your market to keeping your customers happy and staying trendy, each tip is like a key to unlocking prosperity in the barbing business. 

With persistence and a passion for grooming, anyone can turn their dream of owning a barbing salon into a reality in Nigeria.

Mina is a personal finance writer and entrepreneur with a deep love for technology in the business world.

She is not only a successful, tech-savvy businesswoman but also a dedicated mentor, guiding aspiring entrepreneurs in Nigeria.

Explore her work and be inspired by her journey of leveraging tech innovation for business success in Nigeria.

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Standard Barbing Salon Business Plan In Nigeria (Financial Analysis)

Barbing Salon Business plan / feasibility study sample could be the difference between you owning a profitable Barbing Salon business and others

Barbers are always needed because hair will always grow, this is one business that has no season, barbing salon business has been around for years and smart Nigeria who have gone into this line of business are making their money with ease.

Do you want to start a standard barbing salon business in Nigeria If YES, there is a Feasibility study barbing salon business plan in Nigeria template you can use as a guide in starting a standard barbing salon in Nigeria

If you have been considering this line of business I encourage you to take action and start but if you have been seeing this business as a low profit venture you are wrong because it’s not.

A barbing salon is a place you cut, shave, style and groom your hair. One good thing about this business is that as a barber your service will always be needed because hair is constantly growing and you would be needed.

You must not run the business by yourself, you can set up the place, employ good barbers that you pay on commission, its very simple and I know lots of Nigerians who have been doing this business for some time now and they smile to the bank every now and then.

An average guy probably visits the barbing salon every week to cut and shave his hair, the cost of cutting and shaving depends on the quality of service that is offered in this barbing salon.

Barbing Salon Feasibility Study

Barbing salon business remains is one of the rapidly growing beauty industries in Nigeria today and many people are making some serious money from their barber shop.

Contrary to some believe that barbing salon is for the less serious minded persons it would like to debunk that theory and let you know that barbing salon is a money spinning business venture that can be very profitable

On a good working day a barber gets a minimum of 20 haircuts each day. 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. So lets do the math

Normal Price of haircut: N500

VIP/ Home Service cost: N2000 or more depending on your location

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

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

Lets assume you get 20 haircuts each day on regular days: N500 X 20 = N10,000

Total haircuts for regular days (i.e. Mon, Tues, Wed and Thurs.): N10,000 X 4days = N40,000

To give a minimum of 30 haircuts each day on Peek days (i.e. Fri, Sat, Sun): 30haircuts X N500 = N15,000

Total haircuts for Peek days: N15,000 X 3days = N45,000

VIP/Home Service a week = N2000 X 11 Persons = N22,000

Therefore, the total amount made in a week: N40, 000 + N 45,000 + N22000 = N107,000

Estimated Total for the month = N107,000 X 4weeks = N428,000.00

This barbing salon business plan in Nigeria has been recently updated and can be used for business grant application,  bank loan applications, for writing business plan proposals, to write business plan concept notes, for business grant competitions, other competitions, and so on.

Starting a barbing salon business in nigeria as profitable it may be required strategic planning to start and succeed and that why we have put up this barbering salon business plan to  help you with the implementation of important aspect of starting a barbing salon in Nigeria

Get your  Barbing Salon Business Plan in Nigeria. To place an order, pay N10,000 to

GTBank (Guaranty Trust Bank)

Account Name — Uwadia Eyemeka

Account No — 0127561472

After payment text your name, your e-mail address and bank teller number to 07036785443 and you’ll receive your Barbing Salon Business Plan in Nigeria.

How to Start a Barbing Salon Business in Nigeria

Starting a standard barbing salon in Nigeria can be very profitable but there are certain steps you need to take to insure you maximize the profitability here are some factors you need to put into considerations

Geting a business plan is one thing but the barbing salon business is one that requires that you have some experience in the barbing salon business.

Starting a barbing salon in Nigeria is not a business you just rush into it all in the name of becoming barbing salon owner or because you have given a few of your friends good haircuts.

If you know you that you are not yet a professional, you can either go and get trained or employ a barber to avoid the embarrassment that you might get when you give a whack hair cut t a potential costumer.

Knowledge & Skill

To be successful in this line of business you need to have a complete knowledge of the business, you may not be the one cutting the hair but you should know what the requirements are.

To give a satisfactory service you need to be good, so learning and having a enough knowledge is key, so before you begin, its important that you take some time off to learn different styles, hair treatment, beauty tips.

Its advisable to take some time and learn what the Barbing salon Business demands. Learn the  different styles in vogue, hair treatment, health and beauty tips and customer care.

Dont be in a hurry to become a barbing salon owner. Go through training first, even if you wont be the actual  person giving the haircuts in your business!

Get your barbing salon business registered with the corporate affairs commission of Nigeria, CAC.

The location where you barber shop is located also plays an important role in determining how profitable you barbing saloon business would turn out , select 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.

Standard Barbing Salon Equipment

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

How Much Does it Cost to Open A Barbing Salon in Nigeria

Starting a barbing salon requires enough capital but The amount of capital you need to start the business depends on your choice and quality of salon design, rent, fixtures and leasehold improvements and equipment that you intend to use.

TABLE OF CONTENT

Executive Summary

Introduction

Business Description

Products and services

Competitive Advantage

Market Research

Competitor Analysis

Sales and Marketing Plan

Operational Plan

Business Risk

Management and Structure

Financial Plan and Projections

Our Barbing Salon Business Plan in Nigeria is 10,000 naira. To place an order, pay N10,000 to

After payment text WhatsApp your name, your e-mail address and proof of payment to 07036785443 and receive your BARBING SALON BUSINESS PLAN IN NIGERIA.

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