PlanBuildr Logo

Barber Shop Business Plan Template

Written by Dave Lavinsky

Business Plan Outline

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

Start Your Barber Shop Plan Here

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

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

Barber Shop Business Plan Example

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

Next Section: Executive Summary >

Barber Shop Business Plan FAQs

What is a barber shop business plan.

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

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

What Are the Main Types of Barber Shops?

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

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

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

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

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

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

What are the Steps To Open a Barber Shop Business?

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

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

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

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

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

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

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

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

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

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

  • How to Start a Barber Shop Business
  • Start Free Trial
  • Write for Us

Appointy Blog

How to Create the Perfect Barbershop Business Plan [Free Template Inside!]

A barber cutting a customer's hair

You have the skills. You got the passion. You’ve acquired the know-how. Starting a barbershop is a good option too, because in 2021 alone, there was a 1.3% rise seen in the grooming industry. Just look at this stat- an estimated $4.9 billion is generated, every year in the hair and salon industry. So what’s missing? Well, the thing you’re missing is a barbershop business plan.

Having a clear action plan and understanding of your business and what will impact it is extremely important. 

Even if you are a veteran in the industry, knowing how your business is performing and keeping a hardcopy of your goals and forecasts is always a good idea. Especially if you want to secure funding .

Yes, we understand. Crafting a business plan that caters specifically to your barbershop can be tough. And while we cannot help with personalization, we can definitely help with providing some tips and techniques which will help you to write the perfect business plan for your barbershop.

Here’s a comprehensive guide on how to create a business plan for your barbershop business, completely from scratch. Here’s a list of what we will be discussing, you can jump to any section directly by clicking on the links. We even have a handy template for you at the end!

What is a business plan and why do you need it?

  • When do you need a business plan?

How to create a barbershop business plan from scratch?

Bonus: business plan vs budget.

  • 4 common mistakes to avoid when creating your business plan for a barber shop

Parting thoughts

One thing that should be clear is that there is no set definition of a business plan. Generally, a business plan is a document that defines your goals and what your plan of action is to achieve them.  

Your milestones and plans need to be documented so there is a hard copy of all the details and goals. This makes it easier to keep track of things. It is a good tool to organize your thoughts, and assist you in creating timeline graphs with solid projections to reach your targets. 

Now that we know what a business plan is and why we need it, let’s cover a few scenarios that outline when you need a business plan. 

4 situations where you might need a barbershop business plan

I. when you are just starting:.

When you are starting out, a business plan can serve as a solid plan of action and can significantly clarify your next steps.

Having the experience of creating business plans and inputting correct numbers and stats is always valuable and will help you when you need to make a barber business plan to secure financing.

II. When you are bringing in partners:

Asking someone to be a partner in your business venture is a huge commitment and it needs a thorough evaluation. What better way to convey your vision than to use a business plan and show every relevant detail?

businessmen shaking hands

III. When you are embarking on joint ventures:

An agreement between two companies where they share their work and profit, for similar or even the same goals is a joint venture. A business plan here would be a handy tool to relay the vision of your business and all the required information, like projected profit and loss, tactics and every other relevant detail.

IV. When you need to secure funding:

A well-written business plan for a barber shop will summarize your business’ history and background, which you can then use to successfully communicate to banks and investors and secure financing.

Lenders will want to know the actual potential of your business , and so every detail in your business plan is important to showcase that very potential. 

There are multiple approaches to making a business plan. There are online functionalities , like SCORE or hiring someone from Fiverr or Upwork where they might charge anywhere from $20 to $500 depending on the contents and your needs for the business plan. 

You can even consult a professional business plan consultant who will charge between $5000 to $20,000. Some might even charge up to $50,000.

But the most cost-effective way of creating a business plan is to create your own, from scratch . This way you can follow the guideline that we have provided and personalize it to fit your business needs and branding. After all, no one will know your business, better than you do. 

Keeping that in mind, the following are the components of a business plan:

I. Executive summary

An executive summary is an overview of a document. The length and scope differ depending on the document. In general, an executive summary is anywhere from one to two pages long. 

Usually the executive summary is written last, since it is much easier to write it when all the ideas of barbershop business plans are in place. 

II. Business description

This is where you combine the key details of your business , what you do, your USP. It briefly includes: crafting a problem statement, identifying the target market, explaining the concept and strategy.

It is always a good idea to follow the 5 W’s. The Who, What, Where, When and, Why .

  • Who : Who are you? Who is your target customer? Describe who you are, your name, business name, and target market.
  • What : What is your service, describe what you do. Investors will want to know what you do. Use specifics and be clear.
  • Where : Where is your business located? Mention shop setup parameters, and the exact location of either where your business is, or where your business will be located.
  • When : What are your projections? Mention the timeline, note your short-term and long-term milestones. Aiming to expand your business and set up barbershop chains in the next 5 years? Note that down!
  • Why : Why would your customers want to come to your barbershop? What is your USP, why are you any different from your competitors in your area? Also, note your mission statement to mention why you’re in your business.

III. Industry overview

This is basically an overview of your business’ industry. What is the size of your industry, what sectors does it include? 

  • Give an overview of the industry. Keep it brief and concise.
  • Find the trend and patterns and the factors that affect the industry as a whole. (eg: COVID19 drastically reduced footfall in all barbershops).
  • Describe your company’s position in the industry. Mention opportunities that your business can take advantage of to have a solid footing within the same. 

IV. Market and competitor research

Market research is having an understanding of your buyer persona, your niche market, and what affects your persona’s decisions. The way you can go about doing market research is:

  • Conduct face-to-face discussions.
  • Create your buyer persona. 
  • List out your primary competitors. 
  • Check the pricing of your competitors. 

Competitor analysis helps you identify your own value proposition and what makes your service different from other barbershops in the area. It tells you why your competitors are succeeding and also why they are failing.

  • Start by making a note of their sales and marketing channels and tactics. 
  • Look at their pricing strategy.
  • Analyze which strategy works best for them. 
  • Perform SWOT analysis.

V. Sales and marketing channels

It is crucial for your customers to know that your services exist, which is why you need a marketing plan. While it might seem obvious, a lot of businesses, especially, high-touch services like salons, spas and barbershops, underestimate the importance of marketing. 

Marketing is not just pamphlets or advertising on the local billboard. It’s a promotional activity that requires public relations. Things have gone online, especially since Covid19 became a thing, and while services might be back offline, you have to adapt your marketing channels to online marketing.

  • Will your advertising be online, through Google my business, or local online directories like Grand Local , or Beauty Seeker ?
  • A good way to advertise is via a website or booking portal?
  • You can leverage reviews left for you to attract more business?
  • You might even want to start video marketing, a simple shot of you or your barbers cutting hair, maybe some sort of a tutorial, or also do product reviews.

Here is a more in-depth guide on marketing your barbershop , for you to never fail in marketing again.

Just hearing the word “budget” might make you feel anxious, but don’t worry. We’re here to help. This section will help you evaluate where our finances currently stand and what you need to do to hit your goals.

Basically, the process is for you to list your monthly fixed and variable costs, and then make decisions regarding the usage of your funds .

Making sure your market research is done well, is your first step. This is because a budget is decided by your business’ return, and you need to know your buyer persona well.

Bench quotes that “Budgeting + Book-keeping = a match made in heaven” . When your business is new, your budget is entirely fiction. The longer your business has been operating, the more solid groundwork you will have to make that fictional budget a functional budget. 

To do that, you have to make sure that you are recording all your financial data through thorough bookkeeping. Here is a handy template that you can use to record all of your existing finances . 

VII. Financial projection

This section provides a snapshot of your company’s future financial position. If you’re an established business, you should include historical data too. Banks and lenders like to see at least three years of your barber shop financial plan in the barbershop business model.

Ipad with barbershop business projections

Regardless if how long your business has been in existence, this section should include:

Sales forecast: 

You can have short-term sales forecasts and long-term sales forecasts depending how long your business has been around.

If you are a new business, and you do not have enough historical results, it might make forecasting challenging. But having a good understanding of your marketing will make this job significantly simpler.

Note how many appointments you had in a month and the prices of each type of haircut and service that you provided.

Cash-flow statement:

It will outline how much revenue is coming in – which basically is going to be how much you charge for your services and how much is going out, monthly, and project the expected inflow and outflow based on that.

This is the inflow and outflow of revenue, how much you charge for your services, and how much is going out (in renting your shop and buying resources), monthly.

You can estimate approximately what your cash-flow statement will look like using your sales forecast and budget forecast – basically your barber shop business model.

Break-even projection:

It is every business’s dream to achieve the break-even point. Break-even is when you are neither losing money nor gaining profits. This means, your profits and expenses are exactly balanced and you have broken even!

If you have done your sales and cash flow prediction accurately, then it should be feasible to find the break-even point.

The information that you will need at hand is your costs and expenses. All the variable and fixed costs, employee salaries. Make a spreadsheet. This spreadsheet, ideally, should be turned into a graph to plot break even.

Calculating break-even can seem tough for a service business like yours. To say it simply, break-even is:

Fixed Cost per unit / (Sales per unit – Variable Cost per unit)

Here, units can be products you’re selling, like shampoo, hair talc, gel etc or types of services. 

Balance sheet projection:

What is a balance sheet? A balance sheet determines where you stand financially in your barbershop business by keeping track of all records and elements of your business. A balance sheet should ideally have:

  • Assets: An asset is anything tangible owned by your business. It can usually be liquidated and be turned into cash. Your assets can be separated into current and noncurrent assets. Current assets are what you can expect to convert into cash within a certain period of time (eg: a year). Noncurrent assets are long-term investments that you do not expect to convert into cash in the near future.
  • Liabilities: This would be anything that your business owes to a debtor. It may include utilities, rent, taxes, etc. Just like your assets, your liabilities should also be separated into current and non-current liabilities.
  • Equity: This is the difference between your assets and liabilities, what remains when the business sells all its assets and pays off all its debts.

VIII. Management team

There are two reasons this section is required:

  • One is for the lenders. In service businesses like yours, lenders feel the quality and experience of the management team is important.  
  • Another reason is for you, as a business owner, to know your team’s skills and decide what resources might be needed. Include details of what your team is offering in terms of intended results.

IX. Appendix

This section is usually the last thing to appear in barbering business plans. Although not absolutely necessary, a well-structured appendix can really persuade the reader that your plan is well thought out.

Generally, an appendix will include: 

  • Charts, graphs, or tables that supplement information from other sections.
  • Any agreements, contracts, and supporting documents.
  • Marketing materials.
  • Resumes for each of your staff members. 
  • Barbershop tools.
  • Credit history.
  • Building permit and equipment lease documentation

tools at a barbershop

A common mistake people make is that a detailed budget is the same as a business plan. While it is true that a well-defined budget is very important, a good business plan is more than just the inflow and outflow of expenses.

the role of a business plan is basically to explain what one hopes to accomplish with their barbershop and how they will accomplish it. It is also an important documentation for financial institutions or investors to see whether their shop is worth investing in.

Role of a budget is to be those primarily internal documents that one will use to track income and expenses and determine where all the spending is taking place. Needing tools or giving someone a raise, all comes under budget.

4 common mistakes to avoid when creating your barbershop business plan

There is nothing wrong with making mistakes. After all, it is human nature. That being said, we can always work harder to minimize those mistakes. Here are 4 mistakes you should avoid making to make your business plan foolproof:

I. Using a static plan

Always keep in mind that things change overnight in businesses. All assumptions you made, might become moot when one aspect of your business changes. 

Your business plan is where you keep a note of everything that is happening, and how those things might change your projections. Your planning is an ongoing process , which should change when the situation of your industry, your market, your competitors, and your own business changes.

Keep your business plan fresh. Keep reviewing and revising it.

II. Unrealistic projections

Every detail and statistic should be based on realistic data. Hockey stick forecasts are unrealistic. You cannot be too optimistic with no real historical data where you have seen unusual profitability in your business.

Projections have to be built from ground-up data. Lenders will understand if your forecasts are not right by looking at industry averages . If your business plan projects a margin much higher than established businesses in the industry, then that demonstrates a lack of understanding.

III. Ignoring idea validation

Making sure your plan is proofread multiple times is imperative . Include your team in the process. Don’t be scared of a 2nd opinion. 

In fact, if you think you’re not business savvy enough to navigate through your business plan and figure out the mistakes, then you can get help from a business advisor. 

IV. Vague goals 

Having vague goals like “being successful” is meaningless. Wanting to be successful is not a problem, but that is an unclear goal. Success is subjective.  

The objective of the business plan is to get solid results, and just like unrealistic projections, setting vague goals will not help you get your desired results. You need goals that can be tracked.

Unclear milestones will not only be meaningless to you, but also to the investors, no matter how excellently you present it in your business plan.

men's salon

Always remember, there is no right way to create a business plan. While there are components and elements that are necessary, it is not a hard and fast rule. 

Having a barbershop business plan is not about being a 100-page long essay, but about setting realistic milestones that you can track, and make changes while constantly reviewing your progress. 

To make it simpler for you, we made a template curated for you!

how to write a business plan for a barber shop

Download the FREE barbershop business plan template!

Save it or print it out and use it to create a robust business plan!

Yay! You are one step ahead in a successful barbershop business!

All of this might seem overwhelming. After all, how do you track all employee’s schedules and track their progress accurately? Well, for this very reason, Appointy has a barbershop software that helps you track real-time reports of your business, take care of your appointment scheduling needs, and manage your admin work!

Happy planning 🙂

About Appointy We at Appointy, help business owners grow and run their businesses with our online scheduling software. This blog was a part of our ‘Manage your Business’ category, where we provide expert tips, and resources, or simply talk about the challenges that small and medium businesses face every day.  If you have any thoughts on this blog or would like to chat about your business struggles and achievements, let us know in the comments below.  We love a good talk!

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Save my name, email, and website in this browser for the next time I comment.

Notify me of follow-up comments by email.

Notify me of new posts by email.

how to write a business plan for a barber shop

Learn how to grow and manage your barbershop business like a pro!

Get valuable insights from credible sources delivered straight to your inbox!

We promise to never spam you :) 

You have Successfully Subscribed!

How to Write a Barber Shop Business Plan in 2024?

How to Write a Barber Shop Business Plan?

Having a detailed and professional barber shop business plan is important for anyone working on opening a new barbershop . It can also be an excellent roadmap for growing your barber business.

What You Will Learn

We’ll take a look at the basics of researching and creating your barbershop business plan, plus some helpful info and a free template to help you get started.

Jump to the Section You Like

What is a barber shop business plan, why does your barber shop need a business plan, key element of a good barber shop business plan, barber shop business plan template.

Every business is different, and a lot of the elements of your own business plan will be informed by your target market, location and the services that you offer (or plan to expand into).

A business plan is a living document that you can adjust or update as needed. It will include information about the barber shop’s financial, marketing and management details.

This will include your startup costs (if you’re planning to open a new shop), plus market research, your mission statement (more on this later) and your strategy for success.

You’ll also include an executive summary at the beginning, details about your target market and marketing plan, plus a description of your products and services.

Most plans also include information about training and support for your team, plus your management structure.

In order to write a plan for your business, you’ll have to conduct market research, decide on a long-term vision for future growth, write out a sample budget and set clear and achievable goals. You may also want to include supporting documents such as an income statement.

The management team and owners can use the business plan as a road map to make sure the barber shop is achieving these goals, as well as make informed and data-based decisions about staffing, advertising or even equipment purchases.

This isn’t limited to the salon industry. Business plans are documents that will help any enterprise be (and stay) successful.

You can use yours as a guide when you’re making new business decisions like which services to promote, how to market your barber shop, and even what training to offer staff members.

If you’re hoping to secure funding or attract investors, it’s essential that you have a solid business plan ready to show them- this helps them see the “big picture” of your vision as well as the practical details.

You can provide accurate information about your prospective clients, promotion strategy, revenue and budget. You can also identify any potential roadblocks early in the startup process and have some ideas of who your barbershop’s competition will be.

In addition, the vision and mission statements, as well as the targets you’ve set will make it easier to lead effective staff meetings and keep everyone motivated and focused on hitting your goals.

It’s a way to stay ahead of your competitors and create better strategies that adapt to a dynamic industry and the changing needs of clients and staff members.

Every business plan is as unique as the barber shop it represents, so don’t worry if this all seems a bit intimidating to try and create the perfect business plan at first. All good plans have some things in common.

They start with a business overview, describing your target clients and your services. Then, include revenue-related information such as a budget, projected sales and break even points.

You’ll also outline your marketing plan to expand or develop the number of customers, potential barber shop expenses and your financial plan as a whole.

Business plans for a new barbershop will also detail the startup costs and your plan for getting financing, whereas a plan for an existing barbershop will show people how your business stands financially, including supporting documents like a cash flow statement and revenue projections.

Let’s take a closer look:

How to Get Started on Your Barber Shop’s Business Plan?

Your barbershop business plan will help every step of the way, whether you’re trying to attract new investors, adjusting your pricing strategy or deciding on equipment or hiring and training staff.

How to start a barber shop's business plan

It breaks down the business’s finances and long-term goals, making it easier to stay focused on the big picture and plan for success.

Some things to keep in mind are:

  • Gather information: Take a look at other barber shops and local businesses nearby, research equipment and services, understand new trends and identify your target market.
  • Understand the Roadblocks: Brainstorm and list out everything that might affect your business’s cash flow, startup costs or timeline. You’ll need to plan for these in your budget.

Once you know these things, you can use barbershop management software to track your team’s performance and make sure you’re meeting the targets.

  • What Makes You Special: What sets your barbershop business apart from the competitors? If you offer something others in the area don’t (maybe you take walk-ins or have staff who specialize in beard care), then create a plan to market this.
  • Use a Free Template to Save Time: If you’re struggling with writing your competitive analysis or barber shop business description, example templates are available online and can save you a lot of time- you can use one and just adjust the details as needed to fit your brand and ideas.
  • Consult a Professional: Whether you’re creating a mobile barber shop business plan or one for a large, multi-location chain, it’s important to make it look as professional as possible.

Consider hiring a consultant or even a business advisor to check the financial details, marketing strategy or even help you create the executive summary. This is especially important if you’re planning to present this to investors later.

Here are some of the things that a barbershop business plan should include:

This will be your first impression, so make sure it looks professional. It’ll be seen by investors, management staff and pretty much anyone with an interest in your company. It should have:

  • Your Barbershop Business Name (and logo, if applicable)
  • Your Professional Contact Information

Table of Contents

Business plans should be organized and easy to navigate. A clear table of contents is essential for this. Divide and label each section clearly so it’s easy to find information.

Executive Summary

Your executive summary should be clear and concise- it needs to be easy to understand, informative and give readers a strong first impression. Include the following:

  • Your Barber Shop Mission Statement (Briefly your business’s goals and your plans to achieve them)
  • Your Vision Statement (What are your long-term plans for your barber shop’s future?)
  • Your Business Overview (What is your shop’s concept? Is it a hip and fun setup in a local shopping center, a specialty Turkish Barber, or a traditional establishment? Explain and give a brief summary)
  • Your Key Factors for Success (What does your business need to start off on a strong foot and keep going this way?)

Business Description

  • Your location(s)
  • Services you offer (and any ones that you’d like to include in the near future)
  • Your Staffing Information (How many barbers, managers and support staff you have or will need)
  • A summary of your competitors and the market research you’ve conducted (Be sure to identify anything that sets you apart and explain how you’ll use this to attract customers)

Target Market

Describe your target clientele and why you’ve chosen them. Some things to consider are:

  • The demographics and speciality services will attract
  • Where your client base comes from (are they students or workers in nearby buildings, for example?)
  • Why you’re targeting them (this might affect future training, products, equipment purchases and decor)
  • What you think your average client wants or needs (and how you plan to provide it)
  • Anything that makes you unique among other businesses in your area

You might want to conduct a SWOT analysis for your barbershop (strengths, weaknesses, opportunities and threats) to help you understand all of these things in more detail.

Competitive Analysis

Understand the market and what you can do to be successful.

  • Who are your competitors?
  • Where are they, in relation to you (and are you close to any major roads or transit lines)?
  • What kinds of services do you both provide? Is there a lot of overlap?
  • If so, what makes you special?
  • Will you be competing for the same clients?
  • What’s the difference between your prices and why?
  • How do you plan to attract customers and build client’s loyalty?

Key elements of a barber shop business plan

Management Plan

Your barber shop management plan will explain how the business operates. This includes things like:

  • Your Management Structure (This might be simple for small establishments or more detailed for larger ones)
  • Your Management Strategy (Targets you need to hit, long-term goals and financial projections- including what you’ll do to make this happen)
  • Your Staffing Needs at the Management Level (How many high-level staff such as managers or accountants, etc. and their roles- again, this might be a lot simpler for smaller businesses)

Your Products and Services

This will give investors and financial professionals an idea of your shop’s income, potential expenses and profits, and will also help you to identify future roadblocks or potential areas of opportunity. Explain:

  • The products your staff will use for services
  • All of the retail products you plan to sell
  • The services you provide

Be as detailed as possible, explaining your prices, the costs associated with each item on the list, the time they’ll take (if it’s a service) and the profits you’ll make. If you’re already in business, you can also include details about the popularity of each one, too.

Your Marketing Plan

How will you reach new customers and grow your business? What advertising methods will you use? What are the costs associated with each one?

You can give a basic outline here, but be sure to do your homework and be ready to put this plan into action.

You’ll want to include:

  • Your barbershop’s Marketing Plan (What you’ll do to reach people)
  • Existing or potential sales plans and promotions (How will you increase demand and keep loyal customers happy)
  • Your advertising methods (This doesn’t just mean paid advertising, it should also include your social media strategy and inexpensive or free online marketing)
  • Your brand story and reputation (Especially if you’re already in business)

Your Sales Plan

Make sure that this includes both your retail products and services you offer. Identify and explain:

  • How you’ll market each one
  • Why they will appeal to customers, and their benefits
  • What your sales goals are
  • What you expect your income to be from these products and services
  • How much you estimate things costing, including any specialized training or equipment you’ll need

Your Financial Plan

For a new barbershop, this will include startup costs and how quickly you intend to become profitable, but existing businesses should include expenses and funds needed for any improvements such as renovations, equipment or new training, as well as profit projections.

Documents to prepare include:

  • Your financial statements (including an income statement, if possible)
  • Any assumptions (such as potential expenses and money needed to cover costs)
  • Projections of your profits and losses
  • Your break-even point
  • The barber shop’s balance sheet (this is sometimes referred to as a “book value” and explains the actual worth of your business and its assets)
  • Any existing loans or debts

One of my top tips when preparing this is to have a professional go over it or assist you during the process. They can help ensure everything is accurate and provide any advice you might need.

Operating Plan

Explain how your barber shop will be run, including:

  • Your main location (This might be just one shop, or it could be a main office for a multi-location chain)
  • Your management structure (Including a brief overview of the division of responsibilities at the higher levels of your management team)

Additional Information

You can include any other information here that investors or managers may need, including:

  • Additional documents
  • Important policies
  • Financial statements

Any documents (such as a balance sheet, for example) that you need to reference in your business plan, can be appended here.

Do not miss our post on barber shop license .

We’ve done our best to help you by including a free barbershop business plan pdf template that you can use and adjust as needed to create your own.

Your free barber shop business plan template will look like this.

Barber shop business plan template

Do not miss our post Barber Shop Price List .

Opening a new barber shop or growing an existing one takes a lot of time, energy and know-how, but having the right business plan in place makes everything easier.

Just like having the right staff and equipment, your barbershop business plan makes it easier for an owner or manager to keep everything on track, identify potential issues or opportunities for the company and make informed decisions.

How to write a great business plan https://ieeexplore.ieee.org/iel3/46/14446/00660335.pdf

The successful business plan: secrets & strategies https://books.google.com/books?hl=en&lr=&id=hpFxjEsZLUwC&oi=fnd&pg

Institutional forces and the written business plan https://journals.sagepub.com/doi/abs/10.1016/j.jm.2002.11.002

Barber Shop Business Plan

About the author Bartek Kulasza

Bartek Kulasza creates informative content that focuses on efficient business management. He covers salon software, marketing and sales, budgeting and reporting, salon design and equipment, inventory management, growing customer base, helping businesses optimize operations, enhancing customer experience, and increasing profitability.

  • How to Write a Barber Shop Business Plan

Features overview

All Features

Keep your business running 24/7 with Trafft features and integrations

Features and Plans Comparison

Check the detailed comparison of Trafft plans

Reserve with Google

Accept bookings via Google Search and Maps

WordPress Plugin

Add Trafft booking form to any page of your WordPress website

Business and client management

Business Dashboard

Gain a comprehensive view of your business performance

Business Processes Automation

Automate every single aspect of your business with one tool

Employee Management

Organize everything related to employees

Customer Management

Gain more returning customers

Self-Serve Customer Booking

Let your customers book, cancel or reschedule appointments 24/7

Booking and Scheduling System

Booking Core

Adapt Trafft completely to your specific booking needs

Smart Calendar and Scheduling

Have a clear view of all your appointments in one calendar

Flexible Scheduling

Create your schedules with complete flexibility

Payment Automation

Payments Processing

Get paid for your services easily, safely and on time

Invoicing and Tax Management

Manage invoices, taxes and payments automatically

Marketing and Sales

No-code Booking Page Creation

Promote your brand online with a customizable booking page

Loyalty Boost

Automate and personalize the communication with customers

Lead Capture

Turn your leads into customers with effective marketing

Integrations

Use Trafft's integrations to connect Trafft with other tools

Professional Services

Government & Administration

Reduce waiting time in queues and enhance staff productivity

Home services

Make your business available for booking 24/7

Cleaning services

Create your team’s schedules with complete flexibility

Automotive services

Manage your entire automotive business with scheduling software

Personal Services

Get the most out of your service business with effective organization

Beauty & Hair

Make your salon business stand out with effective management tool

Keep your barbershop well organized

Healthcare & Wellness

Automate repetitive tasks and have more time to focus on your patients

Dental clinics

Build a successful and modern dental practice

Education & Coaching

Coaching & Consulting

Give your coaching or consulting business a professional look

Education & Teaching

Automate the interaction with your students

Fitness & Sports

Turn your occasional visitors into members with the best experience

White Label for Agencies

Offer your clients a modern and intuitive scheduling platform, white-labeled as your product

Trafft Blog

Check out the latest information on industry trends and get advice for running a service business online

Guides and Documentation

Get a detailed explanation of how every Trafft feature and integration work

Read about Trafft’s story, mission and values we share

Affiliate and Partners

Join us on our journey of helping service businesses thrive through automation

Feel free to reach out if you have any questions or suggestions

Investor Relations

Reach out to us if you are interested in investing in Trafft

Learn more about why you should choose Trafft

WordPress plugin

Barbershop Business Plan 101: A Comprehensive Guide for Success

Jovana Smoljanovic Tucakov

  • April 7, 2023
  • For Salon Owners

barber giving a haircut illustration

Are you thinking of opening a barbershop and need help creating an effective, sure-fire business plan?

With the right guidance and resources, you can create a comprehensive and successful plan to help increase your chances of success and achieve your goals.

While there are many general templates and guides available, a successful business plan must take into account the unique aspects of your barbershop, including your location, target market, competition, pricing strategy, and services offered. Additionally, it’s important to consider factors such as the local economy, industry trends, and regulatory requirements.

So, let’s dive right in!

What Is a Barbershop Business Plan?

Why is a sound business plan essential when starting a barbershop, what every barbershop business plan should include, pro tip: how to make your barbershop business plan a successful one.

barbershop illustration

Image by macrovector on Freepik

A barbershop business plan is a written document that outlines the key aspects of a barbershop business, such as its goals, strategies, target market, competition, financial projections, and operational requirements.

A well-crafted business plan is essential for any entrepreneur who is starting or expanding a barbershop , as it provides a roadmap for success and helps secure financing from investors or lenders. 

Typically, every business plan for a barber shop includes sections on market analysis, marketing and sales strategies, management structure, financial projections, and risk management. 

By creating a comprehensive business plan, you as a barbershop owner can better understand the challenges and opportunities facing your business, and develop strategies to overcome obstacles and achieve your goals.

Having a sound business plan when starting a barbershop is beneficial for several reasons:

Provides a roadmap for success: A well-crafted business plan outlines the key aspects of your business, allowing you to stay focused and motivated, and to make informed decisions about how to grow and manage your business.

Helps secure financing: Lenders and investors will want to see a business plan before providing funding. A comprehensive business plan demonstrates you have carefully considered the risks and opportunities of the business and know how to make the business profitable.

Identifies potential challenges: A business plan can help identify potential difficulties and obstacles that your barbershop may face. By anticipating these issues, you can develop strategies to mitigate risk and respond to challenges as they arise.

Guides decision-making: A business plan provides a framework for decision-making, ensuring that you make informed decisions that are consistent with the overall strategy and goals of the business.

Overall, a carefully thought-out business plan is crucial when starting a barbershop because it helps your stay focused , secure funding , anticipate challenges , and make informed decisions that will help the business to grow and succeed .

The process of creating a business plan for a barbershop can seem daunting at first, but it’s important to remember that every plan is unique to the specific business it represents. 

While there may be some common elements to all successful plans, there is no one-size-fits-all approach. Therefore, it’s normal to feel overwhelmed when initially attempting to craft the perfect plan.

However, there are certain key points that each barbershop business plan should cover:

Executive summary

Company description, market analysis, competitor analysis, products and services, financial projections, marketing plan, management and organization, operations plan, risk management, additional information.

An executive summary of a business plan for a barber shop should provide a brief overview of the key elements of the plan . 

When writing the executive summary, focus on providing an outline of the business concept, its unique value proposition, target market, competitive advantage, and financial projections. Moreover, highlight the key strategies for marketing, operations, and management. 

With the executive summary, you get a clear and concise outline of your business plan that highlights the most important aspects of the plan and generates interest in potential investors, lenders, and partners.

The company description gives a detailed overview of your business . 

Include information such as the legal structure of the business, the location of the barbershop, the products and services offered, and the mission and vision statements. 

Additionally, this section should provide information on the barbershop’s history, such as how and when it was founded, and any major milestones achieved so far. The company description should also highlight the target market and any unique selling points or competitive advantages the barbershop has. 

You should aim to provide a comprehensive picture of the barbershop and its place in the market.

The goal of market analysis is to provide an in-depth understanding of the industry and target market . 

Start the analysis with an overview of the industry , market size, growth trends, and key players. 

Also, provide a detailed analysis of the local market , including demographics, buying behavior, and trends. This analysis should identify the specific customer segments that your barbershop will target, such as young professionals, families, or seniors.

The market analysis will help you gain an insight into market trends, such as changes in customer preferences, emerging technologies, and new regulations that may affect the success of your barbershop business. 

Competitor analysis helps you identify direct and indirect competitors , their strengths and weaknesses, and the strategies they use to attract customers. 

Additionally, this section should highlight the unique selling point of your barbershop and explain how it will differentiate itself from competitors. It should highlight the competitive advantage you offer, such as unique services, location, or pricing strategy. 

In addition, this analysis should reveal any potential opportunities or threats posed by competitors .

The main goal of the competitor analysis is to give you a comprehensive understanding of the competitive landscape and help you identify strategies to gain a competitive advantage in the market.

barbershop services illustration

When making a business plan for your barbershop, don’t forget to consider the products and services you want to offer.

Describe your offer in detail and list all the services you plan on having , such as haircuts, beard trims, hot towel shaves, and other grooming services. Include the different types of haircuts and styles that the barbershop will offer, such as classic cuts, modern styles, and specialty cuts.

In addition to services, list any products that you’ll sell in your barbershop , such as hair care products, beard oils, and shaving supplies. Describe the different types of products, their benefits, and how they complement the barbershop’s services.

It is important to highlight the unique aspects of the barbershop’s services and products , such as the quality of the products, the skill, and expertise of the barbers, or the use of specialized tools and techniques. This can help differentiate the barbershop from competitors and attract customers.

Financial projections are an important aspect of any business plan because they give a detailed financial forecast of the expected revenue and expenses over the next three to five years. They provide a detailed breakdown of the startup costs, like equipment, inventory, and initial marketing expenses.

Also, the section typically includes a projected income statement , balance sheet , and cash flow statement . These financial statements should detail the expected revenue, cost of goods sold, gross profit, operating expenses, and net profit over the next few years.

It is important to use realistic assumptions when creating financial projections, based on market research and industry benchmarks . Take into account the average price per haircut, the number of customers per day, and the average revenue per customer.

Finally, don’t forget about a break-even analysis , which calculates the amount of revenue needed to cover the barbershop’s fixed and variable expenses. This analysis can help determine the barbershop’s profitability and financial viability.

How do you plan on advertising your barbershop business? Which channels will you use? How are you going to attract new and retain existing customers? How will you handle your reputation?

The answers to these (and many other questions) should be found in your marketing plan section. 

Outline the channels you’ll use to reach customers, such as social media , local advertising , email marketing , or partnerships with complementary businesses .

Also, set aside a budget for marketing expenses and metrics for measuring the success of the marketing efforts, such as the number of new customers acquired, customer retention rates, or revenue generated from marketing promotions.

A sales plan section typically outlines specific strategies and tactics for increasing the revenue and profitability of your barbershop .

When developing your sales plan, first focus on setting your sales goals and objectives . Start small and set reachable goals and aim higher as your business flourishes. Some of your goals could be increasing revenue by a certain percentage, selling a certain number of retail products each month, or increasing the average sale amount per customer.

Next, ensure that your marketing tactics actually target your ideal customers . Remember, your goal is to make your services and products appealing to the right clients in order to increase revenue. 

A pro tip to skyrocket your sales: create service packages. Develop service packages that bundle together multiple services or offer discounts for purchasing multiple services at once. This can encourage customers to spend more money during each visit.

Moreover, train barbers to upsell and cross-sell during each appointment . Have them offer additional services or suggest retail products that complement the customer’s haircut.

Another strategy worth considering is creating loyalty programs that reward repeat customers. Offer them a discount after a certain number of visits or provide exclusive access to promotions and events.

creating a barbershop business plan

The management and organization section of a business plan you create for your barbershop should outline the key people involved in running the business , their roles and responsibilities, and the overall structure of the organization. 

First off, describe the key members of the management team , including their experience, qualifications, and responsibilities. Include yourself, managers, barbers, receptionists, and any other staff involved in the day-to-day operations.

Next, define the organizational structure of the barbershop , i.e. how the different roles and responsibilities are divided. 

Then, outline the staffing plan for the barbershop , in which you specified the number of staff required, their roles and responsibilities, and the process for hiring and training new employees.

Furthermore, describe the policies and procedures that will be in place to ensure the smooth running of your barbershop. Give a brief explanation of the operational procedures, health and safety policies, and customer service standards.

Don’t forget to define the legal structure of the business – be specific about whether it is a sole proprietorship, partnership, or limited liability company (LLC). Mention any necessary licenses or permits required to operate the business.

The operations plan outlines the day-to-day operations of the barbershop, including inventory management, customer service, and scheduling.

Begin with describing the process for managing inventory – how supplies will be ordered, received, and stored, and how inventory levels will be monitored and controlled. Also, take into account the equipment and supplies that will be required to operate the barbershop, like chairs, clippers, scissors, towels, and other tools and materials.

Move on to outlining the customer service policies and procedures needed to maintain the highest levels of quality and ensure that customers leave your barbershop satisfied. Train your staff on how to interact with customers and handle complaints.

When it comes to scheduling, give a brief overview of how appointments are scheduled, managed, and tracked . Outline the appointment booking process, such as whether customers can book online, via phone, or in person. How will walk-ins be managed and fit into the schedule? Also, explain how your team handles appointment confirmation and reminders. Additionally, you may also outline staffing needs for the shop and provide information on how many barbers are needed during peak hours and how to manage schedules to ensure customer demand is met.

Sounds overwhelming? Now is a good time to consider using an appointment booking automation tool to help you manage bookings, employees, customers, payments, and other time-consuming tasks you face every day as a barbershop owner.

How can a booking automation solution help you?

barbershop booking trafft

Using booking software can help automate many aspects of your everyday barbershop’s operations. However, not every booking software can cut it – you need a solution powerful enough to handle the demands of a busy barbershop and yet intuitive enough to provide a completely hassle-free experience that both you and your customers will love. 

The good news is that such a solution exists, and its name is Trafft . 

Trafft is a booking and scheduling software designed specifically for the needs of barbershops and similar businesses. 

With Trafft, customers can easily book appointments online , which gives them full control of the entire scheduling process. By enabling self-service bookings to your clients, you and your team have more time to focus on providing better services and growing your business . 

Trafft also helps barbershops manage their schedules more effectively, allowing them to optimize appointment slots, avoid double bookings, and increase their productivity . 

In addition, Trafft offers features such as automated appointment reminders and follow-up messages, which can boost customer communication, satisfaction, and loyalty .

Furthermore, Trafft provides insights into key performance metrics such as sales tracking and reporting, allowing barbershops to make data-driven decisions and optimize their business operations . 

Interested? Check out all the features and integrations Trafft brings to the table and start streamlining your operations. 

Risk management provides a brief assessment of the risks facing the barbershop business, such as legal and regulatory risks, competitive risks, and financial risks. Also, this section should include a plan for managing and mitigating these risks.

Start with identifying some common risks that barbershops may face , like property damage, theft, employee injuries, and lawsuits.

Next, outline steps to prevent these risks from occurring , such as implementing security measures, ensuring proper training and safety protocols are in place, and having insurance coverage. 

Additionally, outline a response plan in the event of a risk , such as how to report incidents, manage customer complaints, and handle emergencies. 

Effective risk management can help barbershops protect their business, employees, and customers from harm, and maintain a positive reputation in the community.

Although not mandatory, a well-structured appendix can strengthen the credibility of your plan. It allows you to give further details or extra information that might be of interest to investors or managers. 

Include any additional documents, charts, graphs, tables, materials, resumes, important policies, financial statements, agreements, contracts, and relevant documents that are referenced in the business plan.  

We have to make one thing clear here – not every business plan will deliver your barbershop equal value. Some plans are more beneficial than others. Or, to put it like this – making a plan is not the same as making the plan.

But how to know your plan is the plan?

Besides following the structure we mentioned earlier, there are certain aspects to pay special attention to if you wish to transform an average barbershop business plan into an exceptional one.

Ensure your barbershop plan is dynamic

Creating a dynamic barbershop business plan is essential if you want to be able to actually rely on your plan. A dynamic plan allows for flexibility and adaptability as your business evolves and changes over time. It should be a living document that is reviewed and updated regularly to reflect changes in the market, competition, and internal operations. 

With a dynamic business plan in place, you’ll be able to navigate the challenges of running a successful barbershop and achieve long-term success.

Set realistic goals

Setting realistic goals is also an important step in making a sound business plan for your barbershop. Your goals should be specific, measurable, achievable, relevant, and time-bound ( SMART ). 

This will help you to create a clear roadmap for achieving your objectives, and enable you to track progress effectively, ensuring your plan remains relevant and achievable over time.

Rely on data

Data is your friend, so make sure you rely on it when making any decisions concerning your business. Gathering and analyzing data can help you make informed decisions about your business strategy and identify opportunities for growth and improvement . 

You can gather data on your target market, including demographics, behavior patterns, and purchasing habits, as well as data on your competitors, such as their pricing strategies, marketing tactics, and customer feedback. You can also collect data on your own business operations, such as sales figures, customer feedback, and employee performance metrics. 

Seek feedback

It’s a good idea to seek feedback from colleagues, mentors, and industry experts to ensure that your plan is well-rounded and realistic . They may be able to provide valuable insights and identify potential blind spots that you may have missed. Additionally, sharing your plan with potential investors or lenders can help you secure funding and validate the feasibility of your business idea. 

Just be sure to consider the feedback you receive and incorporate it into your plan if it aligns with your vision and goals for your barbershop.

Starting a new barber shop or expanding an existing one requires considerable time, effort, and expertise. However, having a comprehensive business plan can simplify the process. 

Similar to having a skilled workforce and top-notch equipment, a well-crafted barbershop business plan empowers owners and managers to stay organized, recognize potential obstacles or prospects for growth, and make informed business decisions.

However, keep in mind that there’s more than one approach to developing a business plan. While we recommend you include certain elements, you should create a plan that adapts to your specific situation. Only then you’ll be able to see results. And if you want those results to be truly impressive, discover how you can grow your barbershop with Trafft . 

Jovana Smoljanovic Tucakov

  • Jovana Smoljanovic Tucakov

Jovana Smoljanovic Tucakov is a Content Marketing and SEO Specialist who uses both words and data to communicate a message and deliver value. With more than 5 years of experience in digital marketing and content production in the IT industry, she loves identifying and solving the readers’ pain points and creating targeted content.

Curious about the human mind and emotions, especially those that drive consumer behavior. Likes fitness, food preparation, board games, reading (both for pleasure and learning), and binge-watching Netflix.

Related Posts

illustration of a salon business plan

Creating a Successful Salon Business Plan: A Step-by-Step Guide

  • January 23, 2024

how to get new clients in a salon with Trafft booking software

How To Get More Clients In A Salon: The Ultimate Guide

trafft best salon scheduling software

The Best Salon Scheduling Software in 2024

  • October 9, 2023

BusinessDojo

Item added to your cart

How to write a business plan for your barbershop salon.

business plan for a barbershop salon

Starting a barbershop salon is a great idea because it provides a service that is in high demand and it can be a great source of income.

Additionally, it gives the owner the opportunity to build a loyal customer base and provide a personalized experience to their clientele.

Don't start without having built a business plan though.

A business plan is essential for any new project. It helps to ensure that all the necessary steps are taken to ensure the success of the project.

In short, a good business plan will help ensure the profitability of your barbershop salon .

What information should you put into the business plan of a barbershop salon? What's the basic outline for the structure? What are the important financial ratios to consider? How can I develop an efficient business plan without dedicating too much time to it?

The article you're reading will cover all these questions and provide answers!

One last thing: you can avoid starting your business plan from scratch.

Instead, you can download our detailed business plan for a barbershop salon and tailor it to suit your requirements.

business plan barber

Writing a business plan for a barbershop salon

Should you write a business plan for your barbershop salon.

Yes, you should write a business plan for your barbershop salon.

Formulating a comprehensive business plan will allow to:

  • get familiar with the barbershop market
  • be knowledgeable about the industry's latest trends
  • uncover what makes a barbershop salon thriving
  • understand the grooming preferences, haircut styles, and grooming product choices of clients
  • come up with a unique value proposition for your men's grooming parlor
  • review competitor customer satisfaction
  • find competitive advantages for your barbershop salon
  • find a business model that will drive profitability
  • implement a solid and strategic action plan
  • evaluate risks associated with running a barbershop salon, including customer injuries, sanitation practices, and changing hairstyle trends

Our team has drafted a business plan for a barbershop salon that is designed to make it easier for you to achieve all the elements listed.

How to organize a business plan for a barbershop salon?

Your business plan includes a variety of numbers and relevant data. It is important to have an orderly format for smooth reading and comprehension.

When we built and designed our business plan for a barbershop salon , we ensured it was organized correctly.

The business plan is divided in 5 sections (Opportunity, Project, Market Research, Strategy and Finances).

1. Market Opportunity

The section that comes first is titled "Market Opportunity."

Our team has compiled vital data and metrics about the barbershop salon industry, providing insights and trends for entrepreneurs in the men's grooming and hairstyling sector.

The data here is always fresh; we update it twice a year.

2. Project Presentation

The second part is where you introduce the "Project" of your barbershop salon. You can describe your grooming services, skilled barbers, stylish ambiance, appointment booking system, grooming products available, and the unique value proposition that offers a refreshing and top-notch grooming experience for your customers.

At the end of this section, provide a brief introduction about yourself and your expertise in barbering.

Explain your commitment to precision cuts and grooming services, your range of styling options, and how you plan to create a welcoming and stylish barbershop experience for clients. Highlight your skilled barbers, your attention to detail, and your dedication to providing personalized services that leave clients looking and feeling their best at your barbershop salon.

You'll see that we've given you written content in our business plan. Modify it to suit your concept precisely.

3. Market Research

Then, we have the "Market Research" section.

This section describes the target audience for your barbershop salon.

It includes a comprehensive analysis of competitors in the barbershop industry and emphasizes your salon's specialized grooming services and competitive advantages.

A tailored SWOT analysis is provided as well.

4. Strategy

Within the "Strategy" section, a detailed plan spanning three years is outlined, specifying the necessary initiatives to make your barbershop salon highly profitable.

Furthermore, there is a marketing strategy for a barbershop salon, a way to manage risks, and a completed Business Model Canvas included in this section.

5. Finances

Lastly, the "Finances" section allows you to present a complete financial overview of your project.

business plan barbershop salon

How to write an Executive Summary for a barbershop salon?

The Executive Summary gives a concise preview of the business plan of your barbershop salon.

Make it concise and brief, ensuring it doesn't exceed 2 pages. Include only the important information.

This document is designed to make the reader excited about your business plan.

In the Executive Summary of your barbershop salon, address the following queries: what services does your barbershop offer? who is your target audience? are there other barbershops in the area? what makes your salon unique? what funding do you require?

How to do the market analysis for a barbershop salon?

Analyzing the market for your barbershop salon allows you to gain insights into factors such as customer preferences for grooming services, competition within the salon industry, and emerging trends in men's grooming.

By conducting a thorough market study, a barbershop salon can understand customer preferences, enhance its service menu, optimize pricing strategies, and launch effective marketing campaigns, ultimately leading to a larger customer base, improved customer loyalty, and a prominent position in the local grooming industry.

Here is what what we've put in the "Market Research" section of our business plan for a barbershop salon :

  • fresh and updated data and statistics about barbershop salons, including men's grooming trends, barber services, and the resurgence of traditional barbering
  • a list of potential market segments for a barbershop salon
  • the competitor evaluation
  • the potential competitive advantages for a barbershop salon

business plan barbershop salon

The key points of the business plan for a barbershop salon

What's the business model of a barbershop salon, business model of a barbershop salon.

A barbershop salon's business model revolves around offering haircutting, grooming, and styling services to male customers. Revenue is generated through service fees, potentially offering additional services such as beard trims or grooming products.

The business model focuses on creating a trendy and masculine salon environment, employing skilled barbers, providing exceptional customer service, effective marketing to target male clientele, and building strong customer relationships based on trust and grooming expertise.

Success depends on barber talent and techniques, delivering personalized grooming experiences, maintaining a welcoming and comfortable salon atmosphere, fostering positive customer reviews and recommendations, and creating a sense of community for male grooming enthusiasts.

Business model vs Business plan

It's important to understand the distinction between "business plan" and "business model."

A business model is like a structure that explains how a company makes money and provides value.

In a business plan, you present your business model using a methodology called the Business Model Canvas.

Rest assured, there is a Business Model Canvas (already completed) in our business plan for a barbershop salon .

How do you identify the market segments of a barbershop salon?

Segmenting the market of your barbershop salon simply means dividing your potential customers into different groups based on common characteristics.

This helps you understand and target your audience more effectively. For your barbershop, these characteristics could include factors like age, hairstyle preferences, or location.

The benefit of segmentation is that it helps you organize your customer base in your business plan and tailor your services to meet their specific needs. This can include offering different types of haircuts, styling products, or grooming services.

Possible market segments that your barbershop can cater to include men's haircuts, children's haircuts, trendy or classic styles, and specific neighborhoods or communities.

In the business plan for a barbershop salon , you will get a detailed market segmentation, helping you understand your target audiences and their needs.

How to conduct a competitor analysis for a barbershop salon?

It's clear that you won't be the only barbershop salon in your area. There are other salons catering to customers' grooming needs with similar offerings.

To create a successful business plan, it's crucial to thoroughly analyze your competitors. This involves carefully identifying and studying their offer, while also evaluating their strengths and weaknesses.

In the competitor study, focus on identifying and highlighting their weaknesses. For instance, you can consider factors such as a shop being located in a remote area, requiring appointments to visit, having high prices for haircuts, or employing hairdressers who lack important skills.

Why should you focus on these aspects? Because these weaknesses undoubtedly lead to dissatisfaction among customers visiting barber shop salons. Seize this opportunity by creating competitive advantages for your own barber shop salon, which will set you apart from the rest and attract more clients.

It's what we call competitive advantages—building them is key to standing out in the market.

Here are some examples of competitive advantages for a barbershop salon: highly skilled barbers/stylists, a welcoming and comfortable atmosphere, trendy and modern haircutting techniques, personalized grooming services, quality haircare products, and exceptional customer service.

How to draft a SWOT analysis for a barber's?

A SWOT analysis can help identify potential strengths, weaknesses, opportunities, and threats that may affect the success of a barbershop salon.

As you can guess, there is indeed a completed and editable SWOT matrix in our business plan for a barbershop salon

The strengths for a barbershop salon

The "S" in SWOT represents Strengths, which are the project's internal factors that contribute to its success.

For a barbershop salon, potential strengths could include experienced barbers, a wide range of services, a relaxing atmosphere, and competitive prices.

The weaknesses for a barbershop salon

When we use the "W," we mean Weaknesses, which are the aspects of the project that require improvement.

For a barbershop salon: limited inventory, lack of online presence, limited advertising budget, and lack of customer loyalty programs.

The opportunities for a barbershop salon

O represents Opportunities in SWOT, referring to the external factors or circumstances that can contribute to the project's growth.

In the case of a barbershop salon, potential opportunities include offering services such as haircuts, shaves, beard trims, coloring, styling, and waxing; partnering with local businesses to host events; providing discounts for first-time customers; and offering loyalty programs.

The threats for a barbershop salon

T represents Threats in SWOT, highlighting the external risks or vulnerabilities that the project needs to be cautious about.

How to elaborate a marketing strategy for a barber's?

A marketing strategy is essential for a business plan as it describes how a business will attract customers and make sales.

A barbershop salon can connect with individuals in need of professional grooming services by developing an effective marketing plan that emphasizes the salon's skilled barbers, trendy hairstyles, and a comfortable and stylish ambiance.

Men won't visit your barber's salon without effective marketing; showcasing the expertise of your barbers, trendy hairstyles, and comfortable atmosphere is crucial.

Are you utilizing marketing tactics to promote your barber's shop? Consider offering loyalty programs or discounted packages, showcasing trendy hairstyles on social media, and partnering with local men's grooming influencers for brand endorsements.

It's okay if you don't have many ideas for your project's marketing strategy – don't panic.

How to build a 3-year financial plan for a barber's?

A successful business plan requires comprehensive financial data in order to accurately forecast future performance.

In your business plan, you will have to make revenue projections for your barbershop salon.

The presence of a relevant and credible revenue forecast is crucial to give your business plan a strong appeal to investors.

Our financial plan for a barbershop salon is straightforward and equipped with automated checks, enabling you to validate and adjust your assumptions easily. This way, we make sure you're building solid financial projections.

Of course, you'll need to create a preliminary budget for the launch of your barbershop salon. Pay attention to every expense and don't leave any out (our financial plan includes a complete list for your convenience).

The break-even analysis is vital for your financial plan because it tells you if you whether your barbershop salon will generate profits or not.

  • Choosing a selection results in a full page refresh.
  • Opens in a new window.

Upmetrics AI Assistant: Simplifying Business Planning through AI-Powered Insights. Learn How

Upmetrics

Business Planning

  • Financial Forecasting

AI Assistance

See how upmetrics works  →, strategic planning, entrepreneurs & small business, accelerators & incubators, business consultants & advisors, educators & business schools, students & scholars.

  • Sample Plans

Business Plan Course

Small business tools.

  • Strategic Canvas Templates

E-books, Guides & More

  • WHY UPMETRICS?

Customers Success Stories

  • Business Plan Builder
  • Canvas Modeling
  • Product Tour
  • Business Consultants and Advisors
  • Entrepreneurs And Small Businesses
  • Accelerators & Incubators
  • Educators & Business Schools
  • Students & Scholars
  • Sample Business Plans
  • business plan course
  • E-Books, Guides & More
  • Success Stories

How to Start a Barbershop Business in (2024): Step-by-Step Guide

Matthew Khalili

  • January 3, 2024

18 Min Read

start a barber shop

  • Startup costs:  $75,000-150,000
  • Industry trend:  Growing
  • Difficulty: — Moderate to High
  • Profitability: $20k-$100k
  • Time to build: 9 to 18 months
  • Commitment: Full-time

Remember those old barbershops with the red, white, and blue poles outside? Some are still places where people chat and laugh. Others have evolved into these fancy retreats where a simple haircut feels like a day at the spa.

Think about this: if you’re good at cutting hair, why not start a barber shop? One that’s a reflection of who you are and what you love.

Since 2013, the grooming industry has been steadily improving . This means a well-run barbershop can be a profitable venture.

But starting a business is hard. It’s like learning some dance moves. If you’re wondering how to start a barbershop. Dive in, and we’ll guide you through the steps.

How much money do you need to start a Barbershop?

According to the US Small Business Administration (SBA), the startup costs for barbershops typically sit between $50,100- $148,400. This includes barber school fees. So, if you’re already trained at a barber school, it’ll cost less.

Now, what do you need to open your shop? Here’s a simple list:

  • Chairs for cutting hair and some extra for those waiting.
  • Essential tools like scissors, hair clippers, and other stuff.
  • A cash machine and stuff to keep the place clean.

To learn more about how much it costs to start, check out the startup costs for launching a barbershop .

Before diving in, you must draft your barbershop business plan that outlines all these costs.

What is the Average Barbershop Profit Margin?

The earnings of a barbershop business can vary based on several factors. Most barbershop owners rent out chair space to independent contractors, who then pay a percentage of their haircut earnings for the space.

As per IBIS World , a barbershop typically makes a profit of 10-20% of its total sales. On average, as of 2022, a barber shop owner in the United States earns about $53,654 annually. However, earnings can differ state by state, influenced by population and local business dynamics.

Pros and Cons of Starting a Barber Shop Business

Starting a barber shop business offers flexibility and networking opportunities, but it also comes with challenges.

  • Building Business Connections:  You will connect with many people with diverse backgrounds.
  • High Customer Retention:  Most people prefer to frequent a single hair salon. A satisfied customer might also become a source of word-of-mouth marketing.
  • Steady Income:  Once your business is firmly established, you can expect a consistent stream of earnings.
  • Competitive Landscape:  You might come across many barbershops in your area, leading to competition.
  • Initial Investment: Building a customer base demands marketing expenditures.
  • Persistence: Establishing a solid reputation requires an investment of time and patience.

Having weighed the pros and cons, let’s now dive into our comprehensive, step-by-step guide on how to establish and run a successful barbershop.

Step-by-step Guide to Start a Barbershop

Table of contents.

  • Understanding the Barbershop Industry and Market
  • Brainstorm a Barber Shop Name
  • Find the Right Location for Your Barber Shop
  • Write a Barbershop Business Plan
  • Create a Service Menu
  • Register Your Barber Shop
  • Apply for Barbershop Business Licenses and Permits
  • Get a Business Insurance
  • Apply for a Business Bank Account & Credit Cards
  • Fund Your Business
  • Build a Team
  • Prepare to Launch Your Business

1. Understanding the Barbershop Industry and Market

It’s essential to do market research to determine who your customers will be—whether it’s men, women, kids, families, or anyone with hair.

With that being said, here are some significant trends and statistics that you should know about:

Barbershop Industry Size: The US barbershop market will be worth $4.9 billion by the end of 2023.

Growth History: The industry’s annual revenue has grown by 1.5% since 2017.

Future Growth: The barbershop business and beauty salons are predicted to grow. According to IBISWorld, there’s an expected 19% annual growth in job openings for barbers and related professions through 2030.

Business Numbers: The US has over 107,000 barber shops.

Employment: Barber shops employ around 135,000 people in the US.

Technology and Innovations in Barbering:

  • The barbering world has evolved, adopting modern tools like electric clippers, razors, and specialized software for efficient client management.
  • Augmented reality tools allow previews of haircuts, reducing dissatisfaction rates and boosting trust.

Challenges in the barbershop business:

  • Finding skilled and professional barbers.
  • Managing risks like accidents and misunderstandings with customers.

Who works in barber shops?

Gender: Most barbershop managers (75%) are male, with 25% female.

Education: About 35% of these managers have a high school diploma.

Age: On average, a barber shop manager is 41 years old.

2. Brainstorm a Barber Shop Name

If you’re starting a barbershop, one of your first tasks will be to come up with a business name for it. This can be a challenging process, but here are a few tips to make it easier:

  • Choose a business name that clients can remember, pronounce, and recommend easily.
  • Ensure the name aligns with the products and services you offer.
  • Consider asking friends, family, colleagues, or social media for their recommendations if you’re having trouble deciding.
  • If you’re planning to have a website, include relevant keywords like “barber” or “hair” to improve search engine optimization (SEO).
  • Use online tools to get suggestions for business names. Simply enter keywords and get instant ideas.

Once you’ve settled on a name, check its availability on the US Patent and Trademark Office website. Additionally, see if the related domain is available, preferably with “.com” or “.org” as they are more credible.

how to write a business plan for a barber shop

Want a Unique Name for your Barber Shop?

Generate a brandable and catchy business name in seconds with our free business name generator for barber shop.

3. Find the Right Location for Your Barber Shop

Making the right decision about your barbershop’s location is essential. The location can significantly impact the flow of customers and the returns on your investment.

When looking for a location to start a barbershop, choosing a place in a densely populated area with a high demand for men’s haircuts and grooming services is important. This could be near residential places or commercial complexes. You can use online platforms such as Craigslist, Crexi, and Instant Offices to search for available commercial spaces for rent in your area.

Be sure to pick a spot with excellent visibility to draw walk-in customers. Additionally, consider the presence of complementary businesses like beauty salons or men’s clothing stores. They can boost the number of people passing by your barbershop.

Lastly, Think about your crew. A place that’s easy to get to has local amenities and ample parking. It’s not just a win for customers; your team will thank you, too.

Here is the list of the best states for opening a barbershop:

Source: Zippia

4. Write a Barbershop Business Plan

Alright, here’s the deal: skills and experience? Check. But what’s the game plan? Crafting a rock-solid barbershop business plan is like cooking a master recipe – every ingredient matters.

Here’s what your barbershop business plan should include:

  • Executive Summary: A short note about what’s in the plan. It’s better to write this last.
  • Company Overview: Talk about what your shop is about, what you want to do, who owns it, and your main goals.
  • Product and Services: List the services your shop will have.
  • Market Analysis: Look at what customers want, popular trends, and areas you can grow in. Also, see where you stand compared to others.
  • Competitive Analysis: Look at other barber shops. Note what they do well and not so well, and think about how your shop is different.
  • Sales and Marketing: Think about what makes your shop special. Plan how you’ll tell people about it and get them to come.
  • Management Team: List the main people running the shop, what they do, and their background.
  • Operations Plan: Talk about where you’ll get your stuff, where the shop will be, the tools you’ll need, and how things will run day-to-day.
  • Financial Plan: Plan your money for the next three years. Think about costs to start, when you’ll start making a profit, expected money coming in and going out, and overall financial health.
  • Appendix: Add any other important papers or information about money or the business.

Crafting these sections with accuracy isn’t a simple task. It takes a lot of time, a keen eye for details, and ongoing hard work.

how to write a business plan for a barber shop

Write a Barbershop business plan in no time

Get Upmetrics’ business plan template, import data directly into the editor, and start editing using Upmetrics AI Assistant.

ai assistant image

Start Planning Now

5. Create a Service Menu

Alright, diving deep into setting up your barbershop, one of the important aspects to nail down is your service menu. This isn’t just a list—it’s the heart and soul of what you’re offering. Here’s what you should have on your radar:

Define Your Services:

  • What’s going to be your barbershop’s signature offering? It could be the classic flat-razor shave or a trendy curly hairstyle. Understand your niche and your target market.

Pricing It Right:

  • Understand the actual costs: Think materials, labor, and overheads.
  • Experience Matters: Consider tiered pricing. Is the client getting styled by a seasoned barber or a newbie?
  • Profit Margin: Know your breakeven point, and don’t forget to mark up. Value your craft.

Know Your Customer:

  • Who’s your target audience? While “everyone” sounds excellent, it’s about understanding who sees value in what you’re charging.
  • Pro Tip: Not everyone is hunting for a bargain. For some, a premium price signifies unmatched quality.

Stay Updated on Market Rates:

  • What’s the going rate for the hair services you’re offering?
  • Trends Alert: If mullets become the next big thing (thank Zac Efron for that), know that styles in vogue might fetch you a bit more.

Peek at Competitors:

  • A glance at other barbershop or salon menus can spark ideas.
  • Gap Spotting: Identify services missing from their offerings. That could be your golden ticket for a niche target market.

Craft Your Menu with Care:

  • Language matters. Ditch the jargon. Opt for terms like “buzz cut” or “straight razor shave.”
  • Perception Game: Is it a “price list” for you or a more upscale-sounding “service guide”?

6. Register Your Barber Shop

First and foremost, deciding on your business entity structure is crucial. If this is your maiden venture into the barber shop business, you have several entity options to consider:

Select the business structure first

First and foremost, deciding on the structure of your business is crucial. If this is your maiden venture into the barber shop business, you have a few options:

  • Sole proprietorship
  • General partnership
  • Limited liability company
  • Limited partnership
  • Corporation

Many experts, including those from reputable sources like Forbes, often recommend selecting a business entity such as a Limited Liability Company (LLC) structure. It shields your personal assets from potential business debts and offers tax benefits.

Find a Registered Agent

With your business entity decided upon, especially if you’re leaning towards an LLC or Corporation, you’ll need to appoint a Registered Agent.

They are responsible for receiving and responding to official communications and legal documents on behalf of your barber shop.

An individual or an agency must be based in the same state as your business.

Register with the state and local laws & obtain business EIN

Next up is registering your barber shop with the state. Procedures vary depending on your state’s requirements, so it’s good to be thorough. Typically, you’ll liaise with your state’s Secretary’s office.

During this phase, you must also get an Employer Identification Number (EIN) from the Internal Revenue Service (IRS). Think of this number as a unique identity for your business. This number is significant for tax-related matters and opening a business bank account.

Apply for tax registration

Lastly, let’s not forget about taxes. Make sure you’re registered appropriately for both state and federal taxes. This includes the usual suspects: sales tax, income tax, and employment taxes if you’re bringing some skilled barbers on board.

It might sound a tad complex, but having a registered agent by your side can make it flow much smoother, helping you navigate local laws and regulations.

7. Apply for Barbershop Business Licenses and Permits

If you’re taking steps on how to start a barbershop, you’ll soon realize that paperwork is an essential part of the journey. So, let’s get down to business!

First, it’s crucial to know that every barber shop business, or most small businesses, needs licenses or permits to kick off. The specifics might vary based on where you set up shop and local regulations.

At the state level, barber shops are usually under the microscope. But diving a bit deeper, here’s what you might need:

  • Business Operation License: This is the green light from either your city or county. It permits you to run your barber shop in that specific area.
  • Zoning and Land Use Permits: Before you fall in love with a location, make sure the local zoning laws give you a thumbs up. Some places have rules about where certain businesses can operate.
  • Building Permit: Thinking of giving your space a makeover or starting from scratch? This permit ensures that any construction or remodeling you do is on the up and up.
  • Sales Tax License: Regardless of its name, which varies by state, if you’re selling products or services, you’ll likely need this.
  • Certificate of Occupancy: This isn’t just a piece of paper. It confirms that your barber shop meets building codes and is safe for business.
  • Barber Shop or Salon License: Everyone needs to be licensed, whether you own the shop or hire employees. Plus, licenses often hinge on your shop’s location, and there’s usually a manager named as the point of contact. If hiring, ensure you’re bringing a licensed barber to maintain compliance. Don’t forget to keep up with your state’s safety requirements, too.
  • Inspections: Depending on where you set up shop, your business might need to go through inspections from the building and health departments. Thanks to state and local laws, it’s just part of the deal.

Finally, a word of advice. Go through your state and local websites meticulously. They’ll guide you on the exact licenses and permits for your area. And, since paperwork is a recurring part of the barbershop business, keep track of renewal dates to ensure smooth sailing. Remember, staying compliant is a big part of running a successful business.

8. Get a Business Insurance

Starting a barbershop isn’t just about sharp scissors and comfy chairs. To ensure your barbershop thrives, you need to think about the unforeseen. This is where business insurance comes into play.

While diving into how to start a barbershop, you’ll discover that insurance is your safety net. It’s there to catch you when unexpected hiccups threaten your dream. Now, there’s a variety of insurance types to consider:

  • General Liability Insurance: This is like the Swiss Army knife of insurance. It’s comprehensive, covering many aspects of your business, from injuries in your shop to property damage. If you choose one insurance, let this be the one.
  • Business Property Insurance: It’s there to look after your gear and tools. After all, without them, there’s no barbershop!
  • Equipment Breakdown Insurance: This insurance covers repair or replacement costs if machinery malfunctions.
  • Worker’s Compensation: This one’s for your team. If someone gets hurt while working, it ensures they’re taken care of.
  • Property Insurance: This secures your physical space, be it a cozy corner shop or a more substantial establishment.
  • Business Owner’s Policy (BOP): This is a combo meal. It bundles several insurance types, offering a comprehensive cover.

9. Apply for a Business Bank Account & Credit Cards

Apply for a business bank account to keep your barber business finances clear and separate from personal assets. It’s like keeping your hair-cutting scissors separate from the ones you’d use for crafts. It ensures clarity and safety!

Here’s the simple breakdown:

Open Business Bank Account:

  • Keeps personal and barber shop business expenses apart.
  • Protect your savings like a pro.
  • Makes handling money and paying business taxes smoother.
  • Personal assets protection

Get a Business Credit Card:

A business credit card linked to your business accounts is not just about separating expenses. Business credit cards can also open doors to helpful funds like small business loans down the road.

10. Fund Your Business

Starting a barber shop requires an investment. It’s not just about getting a space and setting up chairs. You have to think about the tools, like clippers and scissors, and there are fees for licenses, insurance, and registrations. So, how can you get the funds to kick off your barber shop business?

Here’s the scoop:

  • Debt Financing: This is basically borrowing money you’ll pay back with some interest. Many places offer this, from banks to government programs. Just make sure you know the terms.
  • Equity Financing: Instead of a loan, you give a part of your barbershop ownership to someone, and they give you money. It’s a trade-off but can be beneficial if you find the right partner.
  • Grants: Some organizations, like government bodies or charities, might offer grants. This money doesn’t need to be paid back, but getting a grant isn’t easy. You’ll need to do your research and put in a strong application.
  • Friends and Family: Your loved ones might believe in your vision and want to help. Just be sure to get everything in writing so everyone’s on the same page. And get some legal advice, too, just to be safe.
  • Crowdfunding: Websites like Kickstarter let people pitch in to make your dream a reality. There’s also Fundable and WeFunder, where investors can support your barber shop idea.

11. Build a Team

Starting a successful barbershop business requires more than just a great location and equipment; it’s also about the people. Your team will be essential in how customers view your barber shop. So, who should be part of your team? Here are the roles that you should include:

  • Barbers – They cut hair and do other things.
  • Receptionists – They set up appointments and talk to customers.
  • Marketing Person – They help people find your shop online.

You might hire all of these people, or just some, depending on how big your shop is and what you need. Sometimes, you might have one person doing many jobs or many people doing one job.

To find workers without spending money, you can put job ads on places like LinkedIn, Facebook, or Jobs.com. If you want to spend a little, you can use websites like Indeed, Glassdoor, or ZipRecruiter. If you have some extra money, you can also get a special company (recruitment agency) to find workers for you.

12. Prepare to Launch Your Business

Before you launch your barbershop for customers, here are some things that you need to take care of:

Essential Barber Equipment:

Before opening the doors to your barber shop, ensure you have the right tools in place:

  • Clippers and their accessories.
  • Hair shears and trimmers.
  • Shavers and a razor holder.
  • Neck strips and their dispensers.

Going Digital with a Business Website:

In today’s digital age, having a business website is crucial for any barbershop business. It’s not just about online visibility; it’s about building a brand and reaching a wider audience.

Here’s what your website should have:

  • Showcase essential details: location, contact information, and how customers can book appointments.
  • Include high-quality pictures of your shop and team, complemented by clear descriptions of your services and pricing.
  • Ensure your site is mobile-friendly, offering a seamless browsing experience for visitors.

Tools for Smooth Operations:

Running a barber business can be complex, with numerous roles to juggle. Thankfully, the digital world offers tools to make tasks easier:

Consider using management software. These tools can assist with appointment scheduling, customer data handling, and invoicing.

Amplifying Your Presence with Marketing Strategies:

A good marketing strategy is vital for both new and established businesses. It can expand your reach through digital platforms and bring in more customers.

Here’s how you can do this:

  • Link your website to your social media platforms, ensuring consistent branding and messaging.
  • Utilize platforms like Facebook for targeted ads, reaching out to specific groups, for instance, men under 50 in specific areas.
  • Embrace Instagram’s visual appeal for showcasing your services and engaging with a different target audience.
  • Optimize your website for search engines. A practical SEO approach can elevate your site’s ranking, making it more visible to potential clients.
  • Encourage and respond to reviews on platforms like Yelp and Google My Business, essential for businesses like barber shops that thrive on local clientele.

With a good business plan, you have a better shot at getting the money you need to start your shop.

Related Barber Shop Resources

  • Babershop Business Plan Template
  • How Much Does it Cost to Start a Barber Shop

Now that you know the ins and outs of opening a barbershop, you can transform your shop into a bustling hotspot for fresh cuts and shaves.

Ready to take the leap? Use our barbershop business plan template to ensure you’ve thought of everything and get your barbershop ready for customers.

The Quickest Way to turn a Business Idea into a Business Plan

Fill-in-the-blanks, AI-assistance, and automatic financials make it easy.

crossline

Frequently Asked Questions

What license do i need to open a barber shop.

Different states have unique rules when opening a barber shop. Additionally, you might have local regulations to follow. Generally, to launch your own barber shop, you’ll likely need:

  • Business Operation License
  • Zoning and Land Use Permits
  • Building Permit
  • Sales Tax License
  • Certificate of Occupancy
  • Barber Shop or Salon License

What are the legal requirements for starting a barbershop?

Starting a barbershop means meeting specific legal requirements. These can vary depending on your location but generally include the following:

  • Acquiring necessary licenses.
  • Registering your barber shop.
  • Getting the proper permits.
  • Securing barber shop insurance.
  • Finalizing a Lease Agreement.

Is owning a barber shop profitable?

Running a successful barbershop can yield substantial profits, potentially up to $300,000 annually. However, reaching this mark requires dedication, investment, and a unique vision.

Do I need a business plan to start a barbershop?

Absolutely. A comprehensive business plan is fundamental when starting or expanding a barbershop. It offers a clear direction for your business journey and can be invaluable when seeking financial support

What factors should I consider when choosing a location for my barbershop?

Picking the right spot for your barbershop is crucial. Here’s a quick guide to help:

  • Buzzing Areas: High foot traffic areas can bring in clients, but consider the rent.
  • Strategic Neighbors: Proximity to offices or schools can provide a consistent clientele.
  • Budding Hubs: Emerging neighborhoods might offer affordable rent and a growing customer base.
  • Team Comfort: Accessibility and amenities matter for your staff, too.

About the Author

how to write a business plan for a barber shop

Matthew Khalili is an experienced business planning expert and the founder of The Plan Writers. With over a decade of experience in the field, he has helped numerous entrepreneurs in creating investor-ready pitch decks and business plans. Matt has enabled 5000+ startups to raise over $1 billion through his business plan, market research, and financial modeling services. Read more

Upmetrics logo

Reach Your Goals with Accurate Planning

No Risk – Cancel at Any Time – 15 Day Money Back Guarantee

trustpilot reviews

Popular Templates

How to open a barber shop?

how to open a barber shop

There's no doubt that starting a barber shop requires a lot of work, but with expert planning, you'll be well on your way to creating a profitable business venture.

This guide will give you a low down on all of the major steps involved, from choosing a legal structure to creating a financial forecast and registering your business.

We will also walk you through the process of checking whether or not your idea can be viable given market conditions.

Let's embark on this exciting journey together!

In this guide:

  • Learn how a barber shop works

Assemble your barber shop's founding team

Undertake market research for a barber shop.

  • Choose the right concept and position your barber shop on the market
  • Explore the ideal location to start your barber shop

Decide on a legal form for your barber shop

  • Assess the startup costs for a barber shop

Create a sales & marketing plan for your barber shop

  • Build your barber shop's financial forecast
  • Choose a name and register your barber shop
  • Develop your barber shop's corporate identity

Navigate the legal and regulatory requirements for launching your barber shop

  • Create a business plan for your barber shop
  • Raise the financing needed to launch your barber shop
  • Track your actuals against your forecast

Key takeaways

What is the business model of a barber shop.

Before thinking about starting a barber shop, you'll need to have a solid understanding of its business model (how it generates profits) and how the business operates on a daily basis.

Doing so will help you decide whether or not this is the right business idea for you, given your skillset, personal savings, and lifestyle choices.

Looking at the business model in detail will also enable you to form an initial view of the potential for growth and profitability, and to check that it matches your level of ambition.

The easiest ways to acquire insights into how a barber shop works are to:

Speak with barber shop owners

Undertake work experience with a successful barber shop, participate in a training course.

Talking to seasoned entrepreneurs who have also set up a barber shop will enable you to gain practical advice based on their experience and hindsight.

Learning from others' mistakes not only saves you time and money, but also enhances the likelihood of your venture becoming a financial success.

Gaining hands-on experience in a barber shop provides insights into the day-to-day operations, and challenges specific to the activity.

This firsthand knowledge is crucial for effective planning and management if you decide to start your own barber shop.

You'll also realise if the working hours suit your lifestyle. For many entrepreneurs, this can be a "make or break" situation, especially if they have children to look after.

First-hand experience will not only ensure that this is the right business opportunity for you, but will also enable you to meet valuable contacts and gain a better understanding of customer expectations and key success factors which will likely prove advantageous when launching your own barber shop.

Undertaking training within your chosen industry is another way to get a feel for how a barber shop works before deciding to pursue a new venture.

Whichever approach you go for to gain insights before starting your barber shop, make sure you familiarise yourself with:

  • The expertise needed to run the business successfully (do you have the skills required?)
  • How a week of running a barber shop might look like (does this fit with your personal situation?)
  • The potential turnover of your barber shop and long-term growth prospects (does this match your ambition?)
  • The likely course of action if you decide to sell the company or retire (it's never too early to consider your exit)

At the end of this stage, you should be able to decide whether opening a barber shop is the right business idea for you given your current personal situation (skills, desires, money, family, etc.).

Create your business plan online!

Think your business idea could be profitable? Find out how with a business plan

business plan online

The next step to start your barber shop is to think about the ideal founding team, or to go in alone (which is always an option).

Setting up a business with several partners is a way of reducing the (high) risk of launching a barber shop since it allows the financial risk of the project to be shared between the co-founders.

This also allows the company to benefit from a greater diversity of profiles in the management team and to spread the burden of decision-making over several shoulders.

But, running a business with multiple co-founders brings its own challenges. Disagreements between co-founders are quite common, and these can pose risks to the business. That's why it's crucial to consider all aspects before starting your business.

To make an informed decision, we suggest asking yourself these questions:

How many co-founders would increase the project's chances of success?

Do you and your potential partners share the same aspirations for the project, what is your plan b in case of failure.

Let's examine each of these questions in detail.

The answer to this question will depend on a number of factors, including:

  • Your savings compared with the amount of initial capital needed to launch the barber shop
  • The skills you have compared with those needed to make a success of such a project
  • How you want key decisions to be taken in the business (an odd number of partners or a majority partner is generally recommended to avoid deadlock)

Put simply, your partners contribute money and/or skills, and increasing the number of partners is often a good idea when one of these resources is in short supply.

One of the key questions when selecting your potential partners will be their expectations. Do you want to create a small or large business? What are your ambitions for the next 10 or 15 years?

It's better to agree from the outset on what you want to create to avoid disagreements, and to check that you stay on the same wavelength as the project progresses to avoid frustration.

Of course, we wish you every success, but it's wise to have a plan B when setting up a business.

How you handle the possibility of things not working out can depend a lot on the kind of relationship you have with your co-founders (like being a close friend, spouse, former colleague, etc.) and each person's individual situation.

Take, for instance, launching a business with your spouse. It may seem like a great plan, but if the business doesn't succeed, you could find yourself losing the entire household income at once, and that could be quite a nerve-wracking situation.

Similarly, starting a business partnership with a friend has its challenges. If the business doesn't work out or if tough decisions need to be made, it could strain the friendship.

It's essential to carefully evaluate your options before starting up to ensure you're well-prepared for any potential outcomes.

The next step to start your barber shop is to check that there is indeed an opportunity to be seized, using market research. Let's take a look at what this involves.

The objectives of market research

In a nutshell, doing market research enables you to verify that there is a business opportunity for your company to seize, and to size the opportunity precisely. 

First of all, market research enables you to assess whether the market you're targeting is large enough to withstand the arrival of a new competitor: your barber shop.

The market analysis will also help you define the product and service offering of your barber shop, and transcribe it into a market positioning and concept that will strike a chord with your target customers.

Finally, your market research will provide you with the data you need to draw up your sales and marketing plan and estimate the revenue potential of your barber shop.

Analyse key trends in the industry

Market research for a barber shop must always begin with a thorough investigation of consumer habits and current industry trends.

Normally, barber shop market research begins with a sectorial analysis which will provide you with a better understanding of how the industry is organized, who the major players are, and what are the current market trends.

Assess the demand

A demand analysis enables you to accurately assess the expectations of your barber shop's future customers.

Your analysis will focus on the following questions:

  • How many potential customers are present in the geographical areas served by your company?
  • What are their expectations and purchasing behaviors?
  • How much are they willing to spend?
  • Are there different customer segments with distinct characteristics?
  • How to communicate and where to promote your business to reach your target market?

The main goal of your demand analysis is to identify potential customer segments that your barber shop could target and what products or services would meet these customers' expectations.

Supply side

Supply-side analysis looks at the products and services offered by your competitors on the market.

You should focus here on the following questions:

  • Who will your competitors be?
  • Are they any good?
  • Where are they located?
  • Who do they target?
  • What range of products and services do they offer?
  • Are they independent players or part of a chain?
  • What prices do they charge?
  • How do they sell their products and services?
  • Do their concepts appeal to customers?

One of the aims of your supply-side analysis will be to gather the elements that will enable you to define a market positioning that will set you apart from what is already being done on the market, so as to avoid direct confrontation with competitors already established (more on that below).

Regulations

Market research is also an opportunity to look at the regulations and conditions required to do business.

You should ask yourself the following questions:

  • Does it take a specific degree to open a barber shop?
  • Do you need specific licences or business permits?
  • What are the main regulations applicable to your future business?

Given that your project is still in its early stages, your analysis of the regulation can be carried out at a high level for the time being. You just want to identify the main laws applicable and check that you meet the conditions for running this type of business before going any further.

Once your project is more advanced, you can come back to the regulation in greater detail with your lawyer.

Concluding your market research

Your market research should lead you to draw a clear conclusion about your chances of commercial success of your business idea:

  • Either the market is saturated, and you'd better look into another business idea.
  • Or there's an opportunity to be seized in the geographical area you're considering, and you can go ahead with your project to open a barber shop.

Don't start from scratch!

With dozens of business plan templates available, get a clear idea of what a complete business plan looks like

business plan templates

How should I position my barber shop on the market?

The next step to start your barber shop is to define precisely the market positioning your company will adopt in order to capitalise on the opportunity identified during your market research.

Market positioning refers to the place your product and service offering occupies in customers' minds and how they differ from the competition. Being perceived as a low-cost solution, for example.

To find a concept and a market positioning that will resonate with your customers, you need to address the following issues: 

How can you differentiate yourself from your competitors?

Do you have the option of joining a franchise to reduce risk, is it better to start or buy a barber shop already in operation, how will you validate your concept and market positioning before investing in the business.

Let's look at these aspects in more detail.

Opening a barber shop means starting with a major disadvantage compared with competitors already active on the market. 

While you will have to create everything from scratch, your competitors already have everything in place.

Your competitors' teams know the business well, whereas yours has only just been recruited, their customers are loyal and they benefit from word of mouth that you don't yet have.

So you're going to need a solid plan to succeed in taking market share from your competitors and making your mark.

There are a number of aspects to consider in order to try to avoid direct confrontation if possible: 

  • Can you target a different customer base than your competitors?
  • Can you offer products or services that are different from or complementary to what your competitors already sell?
  • How will your competitors react to your barber shop entering their market?
  • Can you build a sustainable competitive advantage that will enable you to compete with your current and future competitors?

A proven way of reducing the risk of your business venture is to join a franchise.

Joining a barber shop franchise means you don't have to start from scratch. You benefit from the brand recognition of a group and support with operational processes, relations with suppliers, recruitment, etc.

On the flip side, being part of a franchise will restrict your personal freedom, and you'll have to pay an entry fee and an annual royalty (typically a percentage of your sales).

Nevertheless, where possible, starting up as a franchise is generally a good way of reducing risks, especially if you're up against competitors with well-known brands.  

Please note, however, that franchising opportunities vary from country to country and region to region, so there is no guarantee that you'll be able to find a franchise.

The other alternative to setting up a new independent business is to buy out and take over a barber shop already in operation. 

Here too, a takeover is a good way of reducing the risk of your project compared with a pure start-up.

Taking over a business has two enormous advantages over setting up a new one: you start out on an equal footing with your competitors since you take over the team and the customer base, and you don't increase the supply on the market enabling you to maintain the existing balance on the market where the business operates.

However, as with franchising, the capital requirements for a takeover are higher because the business will have to be bought from its previous owners.

However you decide to set up your business, you will need to ensure that there is a good fit between what you sell and what customers are looking to buy.

To do this, you'll need to meet your target customers to present your products or services and check that they meet their expectations.

Deciding where to base your barber shop

The next step to opening a barber shop is deciding where you want to set up your business.

Choosing the right location for your business is like finding the perfect stage for a play. Without it, your business may lack the spotlight it deserves.

Whilst there is no “perfect” location for your barber shop, one that meets as many of the following factors as possible could be ideal:

  • Visibility and foot traffic: A barber shop relies heavily on walk-in customers, so being in a visible location with high foot traffic is important for attracting new clients.
  • Parking space, road and public transport accessibility: Many customers drive to their barber appointments, so having ample parking space and easy access to major roads is important. Public transport accessibility can also make it easier for customers without cars to reach the shop.
  • Proximity to target customers: A barber shop should ideally be located near its target demographic, such as in a neighborhood with a high population of male residents.
  • Competitor presence: It's important to consider the level of competition in the area and determine if there is enough demand to support another barber shop.

This list is obviously not exhaustive and will have to be adapted to the particularities of your project. 

Once you’ve considered the factors above, it’s important to think about the budget that your startup has at its disposal. You’ll need to find a location that meets your business requirements but is affordable enough, especially short-term.

If you opt for renting instead of buying your premises, make sure to take into account the terms of the lease, including aspects such as the duration, rent increase, renewal, and so on.

The lease contractual terms vary greatly from country to country, so be sure to check the terms applicable to your situation and have your lease reviewed by your lawyer before signing.

It's now time to think about the legal structure for your barber shop.

The legal form of a business simply means the legal structure it operates under. This structure outlines how the business is set up and defines its legal obligations and responsibilities.

What are the most common legal structures?

Naturally, the names and intricacies of business structures differ by country. However, they typically fit into two main categories:

Individual businesses

Individual businesses are usually a good fit for self-employed individuals and freelancers who want limited administrative work. These types of entrepreneurs are commonly referred to as sole traders or sole proprietorships.

As mentioned above, the main benefit of being a sole trader is that minimal paperwork is required to launch and operate the business. Tax calculations are also relatively simple and annual accounts are not always required (and when they are, usually don't need to be audited) which saves a bit of time and money on bookkeeping and accounting fees.

Decision-making is also easy as the final decision is fully dependent on the sole trader (even if employees are hired).

However, being a sole trader also has drawbacks. The main disadvantage is that there is no separation between the individual running day-to-day operations and the business.

This means that if the business were to file for bankruptcy or legal disputes were to arise, the individual would be liable for any debts and their personal assets subsequently at risk. In essence, sole traders have unlimited liability.

This also means that profits earned by the business are usually taxed under the personal income tax category of the sole trader.

Another drawback is that sole traders might find it harder to finance their business. Debt (bank loan for example) is likely to be the only source of external financing given that the business doesn't have a share capital (effectively preventing equity investors from investing in their business).

Companies are more flexible and more robust than individual businesses. They are suitable for projects of all sizes and can be formed by one or more individuals, working on their own or with employees.

Unlike individual businesses, companies are recognised as distinct entities that have their own legal personality. Usually, there is also a limited liability which means that founders and investors cannot lose more than the capital they have invested into the business.

This means that there is a clear legal separation between the company and its owners (co-founders and investors), which protects the latter's personal assets in the event of legal disputes or bankruptcy.

Entrepreneurs using companies also gain the advantage of being able to attract equity investment by selling shares in the business.

As you can see companies offer better protection and more financing options, but this comes at a trade-off in terms of red-tape and complexity.

From a taxation perspective, companies are usually liable for corporation tax on their profits, and the income received by the owners running the business is taxed separately (like normal employees).

Normally, companies also have to produce annual accounts, which might have to be audited, and hold general assemblies, among other formalities.

How should I choose my barber shop's legal setup?

Choosing the right legal setup is often simple once you figure out things like how many partners you'll have, if you hire employees, and how much money you expect to make.

Remember, a great business idea can work well no matter which legal structure you pick. Tax laws change often, so you shouldn't rely too much on getting specific tax benefits from a certain structure when getting started.

You could start by looking at the legal structures most commonly utilised by your competitors. As your idea evolves and you're ready to officially register your business, it's a good idea to confirm your choice using inputs from a lawyer and an accountant.

Can I switch my barber shop's legal structure if I get it wrong?

Yes, you have the flexibility to change your legal setup later, which might include selling the existing one and adopting a new structure in certain situations. Keep in mind, though, that this restructuring comes with additional expenses, so making the right choice from the start is usually more cost-effective.

How much money do I need to start a barber shop?

To answer this key question, we first need to look at the resources you'll need to launch your barber shop and keep it running on a daily basis. Let's take a look at what that entails.

Since each venture is distinct, providing an average budget for starting a barber shop is impossible.

We strongly advise careful consideration when reading estimates on the web. It’s best to ask yourself the following questions:

  • Is my project similar (location, concept, planned size, etc.)?
  • Can I trust where this information is coming from?
  • Is the data fresh or stale?

Your thinking behind the investments and human resources required to launch and operate the business will then enable you to cost each item and include them in your financial forecast (which we'll look at later in this guide).

Once complete, the forecast will give you a precise idea of the initial investment required and profitability potential for your business idea.

Startup costs and investments to start a barber shop

Let's start with the investments. To set up a barber shop, initial working capital and investments can include the following items:

  • Barber chairs: These are essential for your barber shop as they provide a comfortable seating option for your clients during haircuts and other services. Make sure to invest in quality and durable barber chairs to ensure the comfort of your clients and the longevity of your equipment.
  • Barber station: A well-equipped barber station is crucial for your shop. It includes a mirror, storage space for tools and products, and a workstation for the barber. Invest in a high-quality barber station that is both functional and visually appealing to create a professional and inviting atmosphere for your clients.
  • Barber tools and equipment: This includes items such as clippers, shears, combs, and other grooming tools. These are essential for providing quality services to your clients. Make sure to invest in high-quality tools that can withstand frequent use and provide a clean and precise cut.
  • Reception and waiting area: Your reception and waiting area are the first points of contact for your clients, so it's important to make a good impression. Invest in comfortable seating, a reception desk, and other necessary equipment to create a welcoming and organized space for your clients.
  • Point of sale system: A good point of sale system is essential for managing transactions and keeping track of your inventory. Look for a system that is user-friendly and can handle all aspects of your business, including appointment scheduling, inventory management, and sales tracking.

Of course, you will need to adapt this list to your company's specific needs.

Staffing requirements to operate a barber shop

You'll also need to think about the staff required to run the business on a day-to-day basis.

The human resources required will vary according to the size of your company.

Once again, this list is only indicative and will need to be adjusted according to the specifics of your barber shop.

Operating expenses of a barber shop

The final point to consider when analyzing the resources required is the question of operating costs.

Operating expenses for a barber shop may include:

  • Staff Costs: This includes salaries, wages, and benefits for your barbers, receptionists, and other employees.
  • Rent: You will need to pay rent for your barber shop space, whether it is a standalone building or within a shopping center.
  • Utilities: You will need to cover the cost of electricity, water, and other utilities for your shop.
  • Supplies: This includes items such as barber chairs, scissors, razors, and other tools necessary for providing services.
  • Inventory: You will need to purchase and replenish supplies such as hair products, shaving cream, and towels.
  • Marketing: In order to attract customers, you may need to spend money on advertising, social media, and other marketing efforts.
  • Accountancy Fees: You may need to hire an accountant to help with bookkeeping, tax preparation, and other financial tasks.
  • Insurance Costs: It is important to have insurance coverage for your business, including liability insurance and worker's compensation.
  • Software Licenses: You may need to purchase software licenses for scheduling appointments, managing inventory, and other business operations.
  • Banking Fees: You will likely have to pay fees for processing credit and debit card payments, as well as for maintaining a business bank account.
  • Cleaning Services: It is important to maintain a clean and sanitary environment for your customers, so you may need to hire a cleaning service.
  • Training and Development: In order to keep up with industry trends and techniques, you may need to invest in training and development for yourself and your employees.
  • Repairs and Maintenance: You will need to budget for repairs and maintenance of equipment and the physical space of your barber shop.
  • Taxes: As a business owner, you will need to pay taxes on your profits, so it is important to budget for this expense.
  • Professional Memberships: You may choose to join professional organizations or associations for barbers, which may require membership fees.

Here also, this list will need to be tailored to the specifics of your barber shop but should be a good starting point for your budget.

The next step to launching your barber shop is to think about the actions you need to take to promote your products and services and build customer loyalty.

Here, you'll be looking at the following issues:

  • What is the best method to attract as many new customers as possible?
  • How to build customer loyalty and spread word of mouth?
  • What human and financial resources will be required to implement the planned actions?
  • What level of sales can I expect to generate in return?

The precise sales and marketing levers to activate will depend on the size of your barber shop. But you could potentially leverage some of the initiatives below.

Besides your sales and marketing plan, your sales forecast will be affected by seasonal patterns related to the nature of your business, such as fluctuations during the holiday season, and your competitive landscape.

Building your barber shop's financial forecast

The next step to opening a barber shop is to create your financial forecast.

What is a barber shop financial forecast?

A barber shop financial forecast is a forward-looking tool that projects the financial performance of your business over a specific period (usually 3 years for start-ups). 

A forecast looks at your business finances in detail - from income to operating costs and investments - to evaluate its expected profitability and future cash flows.

Building a financial forecast enables you to determine the precise amount of initial financing required to start your barber shop.

There are many promising business ideas but very few are actually viable and making a financial forecast is the only way to ensure that your project holds up economically and financially.

financial projection for a barber shop

Your financial forecast will also be part of your overall business plan (which we will detail in a later step), which is the document you will need to secure financing.

Financial forecasts are used to drive your barber shop and make key decisions, both in the pre and post-launch phases:

  • Should we go ahead with the business or scrap the idea?
  • Should we hire staff or use an external service provider?
  • Which development project offers the best growth prospects?

Creating a financial forecast for starting a barber shop is an iterative process as you will need to refine your numbers as your business idea matures. 

As your barber shop grows, your forecasts will become more accurate. You will also need to test different scenarios to ensure that your business model holds true even if economic conditions deteriorate (lower sales than expected, difficulties in recruiting, sudden cost increases or equipment failure problems, for example).

Once you’ve launched your business, it will also be important to regularly compare your accounting data to your financial projections in order to keep your forecast up-to-date and maintain visibility on future cash flows.

What does a financial forecast look like?

Once ready, your barber shop forecast will be presented using the financial tables below.

The forecasted profit & loss statement

The profit & loss forecast gives you a clear picture of your business’ expected growth over the first three to five years, and whether it’s likely to be profitable or not.

projected profit and loss statement for opening a barber shop

The projected balance sheet

Your barber shop's forecasted balance sheet enables you to assess your financial structure and working capital requirements.

example of barber shop startup projected balance sheet

The projected cash flow statement

A projected cash flow statement to start a barber shop is used to show how much cash the business is expected to generate or consume over the first three years.

barber shop startup projected cash flow statement

Which solution should you use to make a financial forecast for your barber shop?

The easiest and safest way to create your barber shop forecasts is to use an online financial forecasting software , like the one we offer at The Business Plan Shop.

There are several advantages to using professional software:

  • You can easily create your financial forecast by letting the software take care of the financial calculations for you without errors
  • You have access to complete financial forecast templates
  • You get a complete financial forecast ready to be sent to your bank or investors
  • The software helps you identify and correct any inconsistencies in your figures
  • You can create scenarios to stress-test your forecast's main assumptions to stress-test the robustness of your business model
  • After you start trading, you can easily track your actual financial performance against your financial forecast, and recalibrate your forecast to maintain visibility on your future cash flows
  • You have a friendly support team on standby to assist you when you are stuck

If you are interested in this type of solution, you can try our forecasting software for free by signing up here .

How do I choose a name and register my barber shop?

Now that your project of launching a barber shop is starting to take shape, it's time to look at the name of your business.  

Finding the name itself is generally fairly easy. The difficulty lies in registering it.

To prevent this guide from being too long, we won't go into all the criteria you need to take into account when choosing a striking name for your barber shop. However, try to choose a name that is short and distinctive.

Once you have a name that you like, you need to check that it is available, because you cannot use a name that is identical or similar to that of a competitor: this type of parasitic behaviour is an act of unfair competition for which you risk being taken to court by your competitors.

To avoid any problems, you will need to check the availability of the name:

  • Your country's company register
  • With the trademark register
  • With a domain name reservation company such as GoDaddy
  • On an Internet search engine

If the desired name is available, you can start the registration process.

It is common to want to use the trading name as the name of the company, and to have a domain name and a registered trademark that also correspond to this name: Example ® (trading name protected by a registered trademark), Example LTD (legal name of the company), example.com (domain name used by the company).

The problem is that each of these names has to be registered with a different entity, and each entity has its own deadlines:

  • Registering a domain name is immediate
  • Registering a trademark usually takes at least 3 months (if your application is accepted)
  • The time taken to register a new business depends on the country, but it's generally quite fast

How do I go about it?

Well, you have two choices:

  • Complete all registrations at the same time and cross your fingers for a smooth process.
  • Make sure to secure the domain names and trademarks. Once that's done, wait for confirmation of a successful trademark registration before moving on to register the company.

At The Business Plan Shop, we believe it's essential to prioritize securing your domain names and trademarks over the business name. This is because you have the flexibility to use a different trading name than your legal business name if needed. 

Regardless, we suggest discussing this matter with your lawyer (see below in this guide) before making any decisions.

What corporate identity do I want for my barber shop?

The following step to start a barber shop is to define your company's visual identity.

Visual identity is part of the DNA of your barber shop: it makes you recognizable and recognized by your customers, and helps you stand out from the competition. It also helps convey your values, notably through the choice of colors that identify the company. 

Creating your business's visual identity yourself is entirely possible: there are several online tools that let you generate color palettes, choose typography and even generate logos.

However, we advise you to delegate this task to a designer or a communications agency for a professional result.

Your corporate identity will include the following elements: 

  • Your business logo 
  • Your brand guidelines
  • Your business cards
  • Design and theme of your website

Your barber shop's logo serves as a quick identifier for your company. It will be featured on all your communication platforms (website, social networks, business cards, etc.) and official documents (invoices, contracts, etc.).

Beyond its appearance, your logo should be easy to use on any type of support and background (white, black, gray, colored, etc.). Ideally, it should be easy to use in a variety of colors.

Brand guidelines

One of the challenges when starting a barber shop is to ensure a consistent brand image wherever your company is visible.

This is the role of your company's brand guidelines, which defines the typography and colors used by your brand and thus acts as the protector of your brand image.

Typography refers to the fonts used (family and size). For example, Trebuchet in size 22 for your titles and Times New Roman in size 13 for your texts.

The colors chosen to represent your brand should typically be limited to five (or fewer):

  • The main colour, 
  • A secondary colour (the accent),
  • A dark background colour (blue or black),
  • A grey background colour (to vary from white),
  • Possibly another secondary colour.

Business cards

Classic but a must-have, your business cards will be at your side to help you easily communicate your contact details to your founders, customers, suppliers, recruitment candidates, etc.

In essence, they should feature your logo and adhere to the brand guidelines mentioned earlier.

Website theme

Likewise, the theme of your barber shop website will integrate your logo and follow the brand guidelines we talked about earlier.

This will also define the look and feel of all your site's graphic elements:

The next thing to do in getting a barber shop off the ground is to handle all the legal and regulatory requirements. We recommend that you be accompanied by a law firm for all of the steps outlined below.

Intellectual property

One of your priorities will be to ensure that your company's intellectual property is adequately protected.

As explained before, you can choose to register a trademark. Your lawyer can help you with a detailed search to make sure your chosen trademark is unique and doesn't clash with existing ones.

They'll assist in preparing the required documents and steer you in picking the right categories and locations for trademark registration.

Moreover, your lawyer can offer guidance on additional measures to protect other intellectual property assets your company may have.

Getting your barber shop paperwork in order

For day-to-day operations, your barber shop will need to rely on a set of contractual documents. 

Your exact needs in this respect will depend on the country in which you are launching your barber shop, the number of partners and the envisaged size of the company. 

However, you will probably need at least the following documents:

  • Employment contracts 
  • General terms and conditions of sale
  • General terms and conditions of use for your website
  • Privacy Policy for your website
  • Cookie Policy for your website

Applying for licences and permits and registering for various taxes

Operating your business legally may require licences and business permits. The exact requirements applicable to your situation will depend on the country in which you set up your barber shop.

The lawyers who advise you will also be able to guide you with regard to all the rules applicable to your business.

Similarly, your accountant will be able to help you take the necessary steps to comply with the tax authorities.

Writing a business plan for your barber shop

The next step in opening a barber shop is to draw up your business plan.

What is a barber shop's business plan?

A business plan serves as a comprehensive roadmap outlining the objectives, strategies, and key components of your venture. 

There are two essential parts to a business plan:

  • A numerical part, the financial forecast we mentioned earlier in this guide, which highlights the amount of initial financing needed to launch the business and its potential profitability over the next 3 to 5 years,
  • A written part, which presents in detail the project of creating a barber shop and provides the necessary context to enable the reader of the business plan to judge the relevance and coherence of the figures included in the forecast.

Your business plan helps guide decision-making by showcasing your vision and financial potential in a coherent manner.

Your business plan will also be essential when you're looking for financing, as your financial partners will ask you for it when deciding whether or not to finance your project to open a barber shop. So it's best to produce a professional, reliable, and error-free business plan.

In essence, your business plan is the blueprint to turn your idea into a successful reality. 

What tool should you use to create your barber shop business plan?

If you want to write a convincing business plan quickly and efficiently, a good solution is to use an online business plan software for business start-ups like the one we offer at The Business Plan Shop.

business plan to open a barber shop made with The Business Plan Shop

Using The Business Plan Shop to create a business plan for a barber shop has several advantages :

  • You are guided through the writing process by detailed instructions and examples for each part of the plan
  • You can access a library of dozens of complete startup business plan samples and templates for inspiration
  • You get a professional business plan, formatted and ready to be sent to your bank or investors
  • You can create scenarios to stress test your forecast's main assumptions
  • You can easily track your actual financial performance against your financial forecast by importing accounting data
  • You can easily update your forecast as time goes by to maintain visibility on future cash flows

If you're interested in using our solution, you can try The Business Plan Shop for free by signing up here .

How to raise finance for my barber shop?

Once your business plan has been drafted, you’ll need to think about how you might secure the financing necessary to open your barber shop.

The amount of initial financing required will obviously depend on the size of your barber shop and the country in which you wish to set up.

Businesses have access to two main categories of financing: equity and debt. Let's take a closer look at how they work and what sources are available.

Equity funding

At a high level, the equity of your barber shop will consist of the money that founders and potential investors will invest to launch the company.

Equity is indispensable as it provides the company with a source of long-term (often permanent) financing and demonstrates the founders' conviction in the company's chances of success, since their investments would be lost in the event of bankruptcy.

Equity investors can generate a return on their investment through dividends (which can only be paid out if the company is profitable) or capital gains on the resale of their shares (if the company is attractive enough to attract a buyer).

As you can see, the equity investors' position is extremely risky, since their capital is at risk and can be lost in the event of bankruptcy, and the company must be profitable or resellable before they can hope to generate a return on their investment.

On the other hand, the return on investment that equity investors can expect to generate by investing in a barber shop can be very substantial if the company is successful.

This is why equity investors look for start-up ideas with very high growth or profitability potential, in order to offset their risk with a high potential return on investment.

In technical terms, equity includes:

  • Share capital and premiums: which represent the amount invested by the shareholders. This capital is considered permanent as it is non-refundable. In return for their investment, shareholders receive shares that entitle them to information, decision-making power (voting in general assembly), and the potential to receive a portion of any dividends distributed by the company.
  • Director loans: these are examples of non-permanent capital advanced to the company by the shareholders. This is a more flexible way of injecting some liquidity into your company than doing so as you can repay director loans at any time.
  • Reserves: these represent the share of profits set aside to strengthen the company's equity. Allocating a percentage of your profits to the reserves can be mandatory in certain cases (legal or statutory requirement depending on the legal form of your company). Once allocated in reserves, these profits can no longer be distributed as dividends.
  • Investment grants: these represent any non-refundable amounts received by the company to help it invest in long-term assets.
  • Other equity: which includes the equity items which don't fit in the other categories. Mostly convertible or derivative instruments. For a small business, it is likely that you won't have any other equity items.

The main sources of equity are as follows:

  • Money put into the business from the founders' personal savings.
  • Money invested by private individuals, which can include business angels, friends, and family members.
  • Funds raised through crowdfunding, which can take the form of either equity or donations (often in exchange for a reward).
  • Government support to start-ups, for example, loans on favourable terms to help founders build up their start-up capital.

Debt funding

The other way to finance your barber shop is to borrow. From a financial point of view, the risk/return profile of debt is the opposite of that of equity: lenders' return on investment is guaranteed, but limited.

When it borrows, your company makes a contractual commitment to pay the lenders by interest, and to repay the capital borrowed according to a pre-agreed schedule.

As you can see, the lenders' return on investment is independent of whether or not the company is profitable. In fact, the only risk taken by lenders is the risk of the company going bankrupt.

To avoid this risk, lenders are very cautious, only agreeing to finance when they are convinced that the borrowing company will be able to repay them without problems.

From the point of view of the company and its stakeholders (workforce, customers, suppliers, etc.), debt increases the risk of the venture, since the company is committed to repaying the capital whether or not it is profitable. So there's a certain distrust towards heavily indebted companies.

Companies borrow in two ways:

  • Against their assets: this is the most common way of borrowing. The bank finances a percentage of the price of an asset (a vehicle or a building, for example) and takes the asset as collateral. If the company cannot repay, the bank seizes the asset and sells it to limit its losses.
  • Against their future cash flows: the bank reviews the company's financial forecast to estimate how much the company can comfortably borrow and repay, and what terms (amount, interest rate, term, etc.) the bank is prepared to offer given the credit risk posed by the company.

When creating a barber shop, the first option is often the only one available, as lenders are often reluctant to lend on the basis of future cash flows to a structure that has no track record.

The type of assets that can be financed using the first method is also limited. Lenders will want to be sure that they can dispose of foreclosed assets if needed, so they need to be assets that have an established second-hand market.

That being said, terms and conditions also depend on the lender: some banks are prepared to finance riskier projects, and not all have the same view of your company's credit risk. It also depends on the collateral you can offer to reduce risk, and on your relationship with the bank.

In terms of possible sources of borrowing, the main sources here are banks and credit institutions.

In some countries, it's also possible to borrow from private investors (directly or via crowdlending platforms) or other companies, but not everywhere.

Takeaways on how to finance a barber shop

Multiple options are available to help you raise the initial financing you need to launch your barber shop.

There are two types of financing available to companies. To open a barber shop, an equity investment will be required and may be supplemented by bank financing.

What to do after launching my barber shop?

Launching your barber shop is the beginning of an exciting entrepreneurial adventure, and the culmination of your efforts to turn your idea into a reality. But this is also when the real work begins.

As you know, nearly half of all new businesses fail, so you'll need to do everything you can to make your business sustainable right from the start.

Estimating the future financial performance of a barber shop inevitably involves a degree of uncertainty. That's why we recommend simulating several scenarios: a central case with the most likely scenario, an optimistic case, and a pessimistic case designed to test the limits of your business model.

Normally, your company's actual financial performance, observed after you start trading, should fall somewhere between your pessimistic and optimistic cases.

The important thing will be to quickly measure and compare this actual performance with the figures in your forecast to see where you stand, then update the forecast to re-estimate the future cash flows and cash position of your barber shop.

This forward-looking financial management exercise is the only way to know where you stand and where you're going. And, when your figures fall short of expectations, to quickly implement actions to turn things around before the company runs out of cash.

There's nothing more dangerous than waiting until you have your accounts, which takes up to nine months after the end of your financial year (if you are in the UK, abroad your mileage will vary), to then realize that you're not on the right track and that your barber shop won't have enough cash to operate over the next twelve months.

This is where using a forecasting solution that integrates actuals vs. forecast tracking, like The Business Plan Shop's financial dashboards do, can simplify the financial management of your business and help reduce the risk associated with your start-up project.

  • There are 15 key steps to opening a barber shop.
  • Your financial forecast will enable you to accurately assess your initial financing requirements and the potential profitability of your project.
  • Your business plan will give your financial partners the context they need to be able to judge the consistency and relevance of your forecast before deciding whether or not to finance the creation of your barber shop.
  • Post-launch, it's essential to have an up-to-date forecast to maintain visibility of your business's future cash flows.
  • Using a financial planning and analysis platform that integrates forecasts, business plans and actual performance monitoring, such as The Business Plan Shop, makes the process easier and reduces the risks involved in starting a business.

We hope this guide has helped you understand how to open a barber shop. Please don't hesitate to contact us if you have any questions or want to share your experience as an entrepreneur.

Also on The Business Plan Shop

  • Start-up business plan examples

Know someone who wants to start a barber shop? Share this guide with them!

Guillaume Le Brouster

Founder & CEO at The Business Plan Shop Ltd

Guillaume Le Brouster is a seasoned entrepreneur and financier.

Guillaume has been an entrepreneur for more than a decade and has first-hand experience of starting, running, and growing a successful business.

Prior to being a business owner, Guillaume worked in investment banking and private equity, where he spent most of his time creating complex financial forecasts, writing business plans, and analysing financial statements to make financing and investment decisions.

Guillaume holds a Master's Degree in Finance from ESCP Business School and a Bachelor of Science in Business & Management from Paris Dauphine University.

Create a convincing business plan

Assess the profitability of your business idea and create a persuasive business plan to pitch to investors

The Business Plan Shop | Business Plan Software

500,000+ entrepreneurs have already tried our solution - why not join them?

Not ready to try our on-line tool ? Learn more about our solution here

Need some inspiration for your business plan?

Subscribe to The Business Plan Shop and gain access to our business plan template library.

business plan template library

Need a professional business plan? Discover our solution

Write your business plan with ease!

Business Plan Software

It's easy to create a professional business plan with The Business Plan Shop

Want to find out more before you try? Learn more about our solution here

How to Start a Profitable Barber Shop Business [11 Steps]

Nick

By Nick Cotter Updated Feb 05, 2024

image of a barber shop business

Business Steps:

1. perform market analysis., 2. draft a barber shop business plan., 3. develop a barber shop brand., 4. formalize your business registration., 5. acquire necessary licenses and permits for barber shop., 6. open a business bank account and secure funding as needed., 7. set pricing for barber shop services., 8. acquire barber shop equipment and supplies., 9. obtain business insurance for barber shop, if required., 10. begin marketing your barber shop services., 11. expand your barber shop business..

Before starting a barber shop business, conducting a thorough market analysis is critical. This step will ensure you understand the demand for barber services in your area, the competition you will face, and the preferences of your potential clientele. Here's how to perform a meticulous market analysis:

  • Research local demographics: Study the age, gender, income levels, and lifestyle habits of the population in your target location to tailor your services accordingly.
  • Analyze competitors: Identify existing barber shops in the vicinity, noting their services, pricing, strengths, and weaknesses to find a competitive edge.
  • Understand industry trends: Keep abreast of the latest trends in barbering, such as popular hairstyles, organic products, or technological advancements in booking systems and equipment.
  • Assess demand: Survey the area to gauge the potential demand for your services. This could involve direct surveys, focus groups, or analyzing foot traffic in potential shop locations.
  • Examine regulatory environment: Ensure compliance with local laws and regulations regarding health and safety, licensing, and operations for barber shops.

image of a barber shop business

Are barber shop businesses profitable?

Yes, barber shop businesses can be profitable if they are well managed and marketed correctly. Factors such as location, pricing, customer service, and marketing strategies will all play a role in the success or failure of a barber shop business.

Starting a barber shop requires careful planning and a solid business strategy. A well-crafted business plan serves as a roadmap, outlining your vision, goals, and the steps needed to achieve them. Here's a guide to help you draft your barber shop business plan:

  • Executive Summary: Summarize your business concept, the services offered, target market, and financial highlights.
  • Company Description: Detail the specifics of your barber shop, including location, ownership, and what sets it apart from competitors.
  • Market Analysis: Research the local market, including demographics, customer needs, and competition to identify market opportunities.
  • Organization and Management: Outline your business structure, the team, and their roles and responsibilities.
  • Services Offered: Describe the range of services you'll provide, pricing strategies, and how they meet customer demands.
  • Marketing Plan: Explain how you'll attract and retain customers, your advertising strategies, and your brand's unique selling proposition.
  • Operational Plan: Discuss the day-to-day operations, the equipment needed, suppliers, and the management of inventory.
  • Financial Plan: Present detailed financial projections, including start-up costs, revenue forecasts, profit and loss estimates, and break-even analysis.

How does a barber shop business make money?

Barber shops are able to make money by providing their customers with services such as haircuts, beard trims, and more. A target audience for a barber shop business could include men of all ages, as well as women who prefer more classic and traditional styles. Those who seek out a barber for personalised services will likely be willing to pay a higher price than those at a traditional hair salon. To maximise profits, barbers can also offer products such as beard oils and styling products to the customers they serve.

Developing a brand for your barber shop is crucial, as it differentiates your business from competitors and creates a lasting impression on your customers. A strong brand will reflect the unique personality of your shop and resonate with your target audience. Here's how to craft a compelling brand for your barber shop:

  • Define Your Brand Personality: Choose a brand personality that aligns with your values and the experience you want to offer. Whether it's traditional, modern, edgy, or luxurious, ensure it's consistent in all your communications.
  • Choose a Memorable Name and Logo: Your shop's name and logo are often the first elements people will notice. Make sure they are easy to remember, and that they encapsulate the essence of your brand.
  • Create a Color Scheme and Aesthetic: Select colors and a design aesthetic that will be used throughout your shop's interior and marketing materials. This visual consistency helps to reinforce your brand identity.
  • Develop a Unique Selling Proposition (USP): Identify what makes your barber shop stand out. Whether it's a signature cut, exceptional service, or a unique atmosphere, your USP should be central to your branding strategy.
  • Build an Online Presence: Establish a professional website and active social media profiles that reflect your brand's style and voice. Engaging online content can help to build brand awareness and loyalty.

How to come up with a name for your barber shop business?

When it comes to coming up with the perfect name for a barber shop business, there is no one-size-fits-all solution. It's important to consider your target audience and the culture of your local area when deciding on a name. Brainstorming can be a great way to generate potential names. Think of words, phrases or catchphrases that evoke a feeling of professionalism and style. Additionally, it's good to consider how the name will look on signage, business cards, and other marketing materials. With creativity and thoughtfulness, you can come up with the perfect name for your barber shop business.

image of ZenBusiness logo

Once you've developed your business plan and secured funding, the next crucial step is to formalize your barbershop's presence by registering your business. This legal step is essential for operating within the law, opening a bank account under your business name, and paying taxes. Follow these general guidelines to ensure your registration is completed properly.

  • Choose a Business Structure: Decide whether your barbershop will be a sole proprietorship, partnership, LLC, or corporation. Each structure has different legal and tax implications.
  • Register Your Business Name: Pick a unique name for your barbershop and register it with the appropriate state agency, ensuring it's not already in use.
  • Obtain an Employer Identification Number (EIN): Apply for an EIN with the IRS for tax purposes, especially if you plan on hiring employees.
  • Register for State and Local Taxes: Register with your state to obtain a tax identification number, workers' compensation, unemployment, and disability insurance.
  • Obtain Necessary Permits and Licenses: Check with your local government to see what specific permits and licenses are required to operate a barbershop in your area.

Resources to help get you started:

Acquiring the right licenses and permits is essential for legally operating a barber shop. This ensures compliance with local health and safety regulations, enhancing customer trust and business credibility. Key steps include:

  • Business License: Apply for a general business license through your city or county government.
  • Barbering License: Ensure all barbers are licensed by the state's cosmetology board, which may require passing an exam.
  • Health and Safety Permits: Obtain health department permits to ensure compliance with sanitation standards.

What licenses and permits are needed to run a barber shop business?

The exact licenses and permits required to run a barber shop business will vary depending on the state and city you are operating in. Generally, you may need a general business license, sales tax permit, resale permit, health permit, sign permit, and employment tax permits. Additionally, the rules for barbershops tend to be stricter in some states than others; you may need to obtain additional licenses or certifications from your state’s barber board if it requires barbers to have special credentials.

Opening a business bank account and securing funding are crucial steps in establishing the financial foundation for your barber shop. A dedicated business account keeps your personal and business finances separate, simplifying accounting and tax reporting. When it comes to funding, there are various options to consider depending on your needs and eligibility. Here are some steps to guide you through these processes:

  • Research banks and credit unions that offer business banking services and compare their fees, services, and customer reviews to choose the right fit for your barber shop.
  • Prepare the necessary documents to open a business bank account, typically including your business license, EIN (Employer Identification Number), and ownership agreements.
  • Explore different funding options such as small business loans, lines of credit, SBA loans, grants, or crowdfunding platforms.
  • Prepare a solid business plan to present to potential lenders or investors, highlighting the viability and profitability of your barber shop.
  • Consider reaching out to local small business development centers or financial advisors for guidance on finding and applying for funding.
  • Keep in mind that some suppliers and equipment vendors offer financing options, which can be a convenient way to secure necessary items for your barber shop.

Setting the right prices for your barber shop services is crucial for attracting customers while ensuring profitability. It's important to consider the cost of your supplies, the expertise of your barbers, and the pricing of competitors. Here are some guidelines to help you determine the appropriate pricing strategy:

  • Calculate your costs: Add up the expenses for rent, utilities, salaries, and supplies to understand your break-even point.
  • Analyze the market: Research local barber shops to gauge the going rates for similar services, ensuring your prices are competitive yet fair.
  • Consider your clientele: Tailor your prices to the demographic you are targeting, whether it's high-end clients or budget-conscious customers.
  • Value your services: Price your services according to the skill and experience of your barbers, and ensure that you're offering value that justifies the cost.
  • Offer tiered pricing: Introduce a range of services from basic to premium, allowing customers to choose depending on their needs and budget.
  • Implement loyalty programs: Encourage repeat business by offering discounts or special rates to loyal customers.
  • Adjust as needed: Be prepared to modify your pricing based on customer feedback and changing costs to maintain a competitive edge.

What does it cost to start a barber shop business?

Initiating a barber shop business can involve substantial financial commitment, the scale of which is significantly influenced by factors such as geographical location, market dynamics, and operational expenses, among others. Nonetheless, our extensive research and hands-on experience have revealed an estimated starting cost of approximately $17500 for launching such an business. Please note, not all of these costs may be necessary to start up your barber shop business.

Starting a barber shop requires careful selection of equipment and supplies to ensure you can provide excellent service to your clients. From comfortable barber chairs to quality grooming tools, each item plays a pivotal role in setting up your shop for success. Here's a guide to help you acquire the essentials:

  • Barber Chairs: Invest in durable and comfortable chairs that can accommodate clients of all sizes and have adjustable features.
  • Styling Tools: Purchase professional-grade clippers, trimmers, scissors, and razors to deliver precise cuts and styles.
  • Sanitation Supplies: Stock up on barbicide, disinfectants, and sterilizers to keep tools clean and comply with health regulations.
  • Shaving Supplies: Include shaving creams, gels, aftershave, and straight razors for customers looking for a clean shave.
  • Hair Care Products: Offer a range of shampoos, conditioners, hair sprays, and pomades for different hair types and styling preferences.
  • Combs and Brushes: Have a variety of combs and brushes for different hair textures and styles.
  • Reception Area Furniture: Provide comfortable seating and entertainment like magazines or a television to create a welcoming waiting area.
  • Point of Sale System: Choose an efficient POS system for scheduling, transactions, and inventory management.

List of software, tools and supplies needed to start a barber shop business:

  • Barber chairs: $500 - $5000 each
  • Barber station: $300 - $1800 each
  • Cash register: $200 - $1500
  • Scissors and Clipper Blades: $10 - $100 per set
  • Razors, blades, sanitizer, and disinfectant: $50 - $200
  • Mirrors: $100 - $600 each
  • Caps, gowns, and barber aprons: $25 - $400 each
  • Towels and Cloth Strips:$10 -$50 per pack
  • Accounting Software: Free to around $200/month
  • Employee Scheduling Software (optional): Free to around 100/month

When starting a barber shop, it's crucial to protect your business, employees, and customers with the appropriate insurance. Different types of insurance cover various risks, from property damage to liability claims. Consider the following steps to obtain the necessary insurance for your barber shop:

  • Research local regulations and insurance requirements for barber shops in your area to ensure compliance with state and municipal laws.
  • Contact a licensed insurance agent or broker who specializes in small businesses or specifically in beauty and personal care industry insurance to discuss your specific needs.
  • Evaluate different types of insurance policies, such as General Liability Insurance, Professional Liability Insurance, Business Owner's Policy (BOP), Workers' Compensation Insurance, and Commercial Property Insurance.
  • Request quotes from several insurance providers to compare coverage options and costs. Make sure to inquire about any business-specific endorsements or riders that might be beneficial for your barber shop.
  • Review the terms, conditions, and exclusions of each policy carefully before making a decision to ensure you have comprehensive protection.
  • Once you've selected a policy, complete the application process, submit any necessary documentation, and make your initial premium payment to initiate coverage.
  • Keep your insurance documents safely stored and make note of renewal dates to maintain continuous coverage.

Marketing your barber shop is crucial to attract new clients and grow your business. An effective marketing strategy will help you establish your brand, showcase your services, and highlight what sets you apart from the competition. Here are some ways to begin marketing your barber shop services:

  • Develop a Strong Brand Identity: Create a memorable logo, choose a color scheme, and develop a brand voice that reflects your barber shop's ethos and appeals to your target audience.
  • Launch a Professional Website: Ensure your website is user-friendly, mobile-responsive, and includes essential information such as services offered, pricing, location, and contact details.
  • Leverage Social Media: Use platforms like Instagram and Facebook to showcase your work, share customer testimonials, and engage with your community.
  • Implement a Referral Program: Encourage your satisfied customers to refer friends and family by offering them discounts or free services.
  • Partner with Local Businesses: Build relationships with nearby businesses to cross-promote services and tap into their customer base.
  • Engage in Community Events: Participate in local events or sponsor community activities to increase visibility and network with potential clients.
  • Utilize Online Reviews: Encourage happy customers to leave positive reviews on platforms like Google My Business and Yelp to build trust with prospects.

Once your barber shop has established a solid customer base and a strong reputation for quality service, it's time to consider expansion. Whether you're looking to open a new location, offer new services, or hire additional staff, here are some strategies to help grow your business:

  • Conduct market research to identify potential new locations with high foot traffic and a demand for barber services.
  • Explore franchising opportunities to leverage your shop's brand and business model for expansion.
  • Diversify your services to include additional offerings such as spa treatments, hair care products, or grooming accessories.
  • Invest in marketing and advertising to raise awareness of your brand in new markets or to attract a broader clientele.
  • Partner with local businesses or events to increase visibility and network with potential customers.
  • Implement a referral program to encourage your existing customers to recommend your barber shop to friends and family.
  • Utilize social media and online booking systems to streamline operations and make it easier for new customers to find and use your services.

Barber Shop Business Plan [Template + Example in 2024]

Barber Shop Business Plan [Template + Example in 2024]

Business plans are must-haves for starting or running a business, including a barber shop. These plans are generally used to get funding or attract new business partners. Additionally, it will help you attract investors. Simply put, a business plan improves the credibility of your business and persuades others to team up with you.

So, if you're starting a barber shop, you'll want a specific business plan that suits it. After all, business plans vary from business to business, and you'll want yours to be the best. For this reason, we made this article to give you a template for your barber shop business plan and example.

This template and example will help you write your business plan for your barber shop, know the elements to put in it, and lay it out for potential partners to see. We'll also answer other questions and concerns when making such a plan.

Without further ado, let's get into it!

How to Write a Barber Shop Business Plan?

Every barber shop business plan must have the following sections:

  • Executive Summary
  • Business Overview
  • Products and Services
  • Market Analysis
  • Marketing Strategy
  • Financial Planning
  • Operations Plan
  • Management Team

Now, let's discuss each section in detail together with examples.

1. Executive Summary

The Executive Summary is the first thing to include in your Barber Shop Business Plan. This part should provide an overview of your business's goals. It would help if you wrote this section last because it highlights what you plan to discuss in the remaining sections of your plan.

It is crucial to create a compelling executive summary. Besides its mission statement, it tells a little about what the company offers. Furthermore, you should include information about your experiences in the industry you're entering and the reasons you're starting the company.

The Executives is a classy, upscale barber shop offering a traditional vibe with modern tools and services. As such, it offers a relaxing spot for every kind of gentleman as they enjoy top-of-the-line grooming services in a masculine and therapeutic gentleman's club environment.

This business aims to serve the Long Island Area, where no upscale barbershop operates. Thus, this business attracts a distinguished clientele and a specialized market. We aim to become a highly sought-after destination to increase our clientele and profitability.

Our business aims to become a trusted destination besides being profitable. Here, our clients can replenish their energies and refresh their minds while they enjoy upscale and detailed grooming services. We also aim for it to be a place to connect with friends and colleagues!

2. Business Overview

In a business plan, a business overview provides a general description of your company. In this section, your audience learns about your company's structure, values, mission, and offerings. Additionally, it can show how your company stands out from the competition. Sometimes, it is called the Company Summary or the Company Description.

The Executives cater to their customers and clients with various upscale grooming services using high-end tools and well-trained barbers and stylists. This barber shop is in Long Island but remains accessible even to customers outside the area.

The company is founded five years ago by John Doe, a well-known stylist, and barber with over 30 years of experience, and provides a wide range of hair services. To attract and retain a solid customer base, he realized loyalty programs were an innovative method.

By launching The Executives, he aims to offer detailed yet relaxing grooming services to help his clients maintain their confidence, look good, and feel good.

In the past three years, the Executives have grown by more than 200% in loyal customers. We attribute that growth to our commitment to offering excellent services to new clients and markets and hope to double that within the next two years.

We are seeking an investment to help scale our barber shop and grow our team to cater to more clients simultaneously. We also aim to use those funds to help upgrade our tools to make our grooming services renowned and well-sought out.

3. Products and Services

Your business plan's Products and Services section describes the specific products and services you will offer. In this section, you'll discuss all aspects of buying, producing, selling, packaging, and delivery for your business. In this process, you'll review suppliers, costs, and how your product fits the current market.

The Executives offers exclusive men's services as an upscale barber shop. As part of our gentleman's club atmosphere, we offer our clients a variety of products and services, including:

  • Hair: Cutting, Styling, Coloring, Applying Highlights, Toning, Applying Treatments
  • Shaves: Classic Razor, Battery-Operated Shaves, Balm Application, Shaving Cream, Foam, and Aftershave Application
  • Nails: Manicures and Pedicures
  • Men's Services: Essential Peels, Facials, and Massages of Various Kinds
  • Hair Laser Removal: For Necks, Backs, Ears, and other Parts
  • Shaving Creams
  • Essential Oils
  • Shaving Tools

4. Market Analysis

This part of your business plan gives you insight into your potential customers and competitors.

This section should contain the following:

  • Competitive Analysis: The part that evaluates potential competition in your market's reach
  • Customer Analysis: The part that helps you identify and quantify the potential customers
  • Industry Analysis: The part that analyzes your industry's general environment

The Executives will target male professionals. According to a study, 80% of professional and working men receive hair and other grooming services during workdays. In addition, our business fits the demographics of the Long Island Area. Our business serves a population density of more than five thousand for every square mile.

The area where our business caters needs a professional grooming service exclusive to men. As such, it will be an excellent spot to cater to men and attract return customers.

5. Marketing Strategy

The marketing strategy is a company's overall approach to reaching prospective customers. Generally, a marketing strategy describes the key messages and value propositions the company offers its customers. As a result, it has information regarding who the target market is, where they can purchase the product, and what drives them to purchase it.

The Executives make several efforts to attract customers and promote the business. Here are some of the standard promotional methods we're already using:

  • Enhancing the storefront to attract customers
  • Using local newspapers and magazines for advertising
  • Getting in touch and collaborating with local bloggers and sites
  • Creating and distributing flyers for advertisements
  • Partnering with a local organization (e.g., gym members receive free beard trims with haircuts)
  • Advertising on local radio stations
  • Advertising at local venues with banners

6. Financial Planning

Financial planning is the section of your business plan that involves identifying financial goals and how individuals or businesses will achieve them based on the current financial situation. A financial plan is a roadmap that helps a person or business achieve financial success.

In the Executives Barber Shop, revenue will be generated from barber shop services and products sold. We will generate revenue through haircuts, shaves, beard trims, and shampoos. The business will also earn revenue from the rent it receives from its neighboring barbers.

Keeping the barber shop space leased will be a significant cost driver. Rent and utilities will be the main expenses, as are all other supplies necessary to run the barbershop.

Executives Barber Shop is seeking debt financing of $50,000 for the opening of its barber shop in Long Island, New York. Funds will be used to update the barber shop, purchase new equipment and supplies, and provide working capital.

Below is a breakdown of the proposed funding:

  • The cost of updating the barber shop: $30,000
  • Cost of equipment for the barber shop: $20,000
  • Supplies: $15,000
  • Capital: $8,000

7. Operations Plan

The Operations Plan in a business plan lays out how your team can implement actionable steps to reach your strategic plan goals. This section describes the tasks each department or employee must complete daily, weekly, and monthly.

The Executives Barber Shop's operations plan will be as follows:

  • John Doe owns and operates the barber shop alone. His duties will include providing payment to the property manager, purchasing barbershop supplies, and paying utilities.
  • Doe has no employees technically. Each barber will receive a 1099 tax form as an independent contractor.
  • Doe will rent out space and chairs to the other barbers at The Executives Barber Shop. Doe receives a monthly rent, but they keep all profits.
  • Doe will use a local CPA to prepare his tax returns and obtain all necessary licenses and permits.
  • Doe will pay his hired guy for the maintenance and design of the website.

8. Management Team

An effective management team is crucial to the success of your barber shop. Emphasize the skills and experiences of your key players that demonstrate their ability to grow a company.

Your team members and you should have direct experience in the industry. It would be helpful to highlight this experience and expertise. In addition, highlight any experience you believe will be helpful to your business.

While John Doe manages and runs The Executives Barbershop independently, he rents space and equipment to other barbers with more than five years of experience in the barbershop industry. Here's a quick recap of the other five barbers who will work at The Executives:

  • Justice Werner - Former Barber at Queens; worked for seven years at a Barber Shop
  • Alessandro Hayden - Freelance Barber doing home services for eight years
  • Mark Holland - Hair Stylist for Male Actors and Models at Staten Island
  • Kamren Vasquez - A former Barber in Brooklyn, moved to Long Island this year
  • Zack Mueller - Worked as a barber here at Long Island since 2010

Barbershop Business Plan PDF

Do you want to download a barbershop business plan example in PDF?

Here is the download link.

Let us know if you have any questions!

Barbershop Business Plan FAQs

Below are some of the frequently asked questions you may have about Barbershop Business Plans:

What Is a Barber Shop Business Plan?

In general, a Barber Shop Business Plan is just like any other business plan. However, it's tailored to lay down every piece of information about your business, helping you attract investors, gain funds, or even attract other establishments to work with you.

A Barber Shop Business Plan outlines the structure, flow, and all the details related to the particular shop. The report will include financial, marketing, and management information about the barbershop. If you're opening a new business, this will include your startup costs, market research, mission statement, and success strategy.

Why Is Barber Shop Business Plan Important?

A Barber Shop Business Plan is crucial for launching or running your business. With a business plan, you'll have a structure and written goal to follow. You'll also have a flow to stick to or change when necessary.

If you are looking for investors, adjusting your pricing strategy, choosing equipment, or hiring and training staff, your barbershop business plan will help every step.

Is Owning a Barber Shop Profitable?

A Barber Shop will always be one of the most profitable businesses because it's always in demand, and it's something customers need help to do.

Since it's service-oriented, you'll find it profitable when you or someone you hire caters to customers with superior service.

Whenever you open a barbershop, you will likely make and earn many profits if it is well managed.

If you plan to open or are already running a Barber Shop, you must make a business plan. This plan will help you outline your strengths, competition, goal, and workflow. Moreover, if you need some funding, you can earn grants or even attract some investors with an excellent business plan.

With this template, you can create your own Barber Shop Business Plan with details and all the necessary elements it needs. We hope the examples we made guide you as you run your business with your business plan.

how to write a business plan for a barber shop

  • 4,818 founder case studies
  • Access to our founder directory
  • Live events, courses and recordings
  • 8,628 business ideas
  • $1M in software savings

SEO and content are two of my favorite things, and I love finding ways to make websites more search engine-friendly and helping them grow their traffic through great content. When I'm not working on all that, I enjoy traveling, reading books, trying out new foods, and playing ping-pong.

Join our free newsletter to get unlimited access to all startup data. We just need your email:

Check your email

If there's a Starter Story account associated with that email you'll get an email with a link to automatically log in. The link will expire in 15 minutes.

Your existing password still works, should you want to log in with it later.

With Starter Story, you can see exactly how online businesses get to millions in revenue.

Dive into our database of 4,418 case studies & join our community of thousands of successful founders.

how to write a business plan for a barber shop

Join our free newsletter to get access now. We just need your email:

ProjectPractical.com

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

Editorial Team

12 Strategies for Starting a Barber Shop Business

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.

  • 17 Fundraising Ideas For New Startups
  • 30 Interesting Startup Ideas For Students
  • Channel Management In Marketing – A Complete Guide
  • Robinhood Business Model Analyzed And Explained

most recent

Mobile Device Upgrades And Disposal

Tips & Guides

How to effectively plan for mobile device upgrades and disposal.

Smart Contract Vulnerabilities

Smart Contract Vulnerabilities & How to Prevent Them

How Can PDF Files Be Weaponized By Cybercriminals

How Can PDF Files Be Weaponized By Cybercriminals? A Brief Primer

© 2024 Copyright ProjectPractical.com

Financial Model, Business Plan and Dashboard Templates - FinModelsLab

How To Write a Business Plan for Barber Shop in 9 Steps: Checklist

By henry sheykin, resources on barber shop.

  • Financial Model
  • Business Plan
  • Value Proposition
  • One-Page Business Plan

Are you looking to start your own barber shop and turn your passion for hairstyling and grooming into a successful business? Look no further! In this blog post, we will guide you through the process of writing a comprehensive business plan for your barber shop in just 9 simple steps. But first, let's take a look at the latest industry statistics to give you a better understanding of the potential and growth opportunities in the barber shop industry.

The barber shop industry has been experiencing steady growth in recent years, with an annual revenue of over $4 billion in the United States alone. This growth can be attributed to the increasing demand for men's grooming services and the rising popularity of classic barbering techniques. Furthermore, according to a recent survey, 73% of men visit a barber shop at least once a month, highlighting the consistent demand for these services.

Now that we have established the industry's potential, let's dive into the 9 steps you need to follow to create a successful business plan for your barber shop. These steps will help you define your target market, analyze the competition, secure financing, find the perfect location, develop a marketing plan, create a pricing structure, and identify the necessary permits and licenses.

  • Determine your target market: Understand your ideal customer and tailor your services to meet their needs and preferences.
  • Conduct market research: Gather valuable insights about your target market, including their demographics, interests, and spending habits.
  • Identify your competition: Analyze existing barber shops in your area to determine how you can differentiate your business and stand out from the competition.
  • Create a business concept and define your unique selling proposition: Develop a compelling business concept and identify what sets your barber shop apart from others.
  • Determine your startup costs and secure financing: Calculate the expenses involved in starting your barber shop and explore financing options to fund your venture.
  • Find a suitable location for your barber shop: Consider factors such as proximity to your target market, visibility, and accessibility when choosing the perfect location.
  • Develop a marketing and advertising plan: Outline strategies to promote your barber shop and attract customers, including online marketing, social media, and traditional advertising methods.
  • Create a pricing structure and service menu: Determine the pricing for your services and create a comprehensive service menu that appeals to your target market.
  • Identify the necessary permits and licenses: Research and obtain the permits and licenses required to operate a barber shop in your area.

By following these 9 steps and creating a detailed business plan, you will be well-equipped to launch your own barber shop and provide exceptional hairstyling and grooming services to your customers. Stay tuned for our upcoming blog posts, where we will dive deeper into each step and provide you with practical tips and expert advice along the way.

Determine Your Target Market

When starting a barber shop, it's crucial to determine your target market . This refers to the specific group of people that you want to attract as customers to your business. Understanding your target market will help you tailor your services, marketing efforts, and overall business strategy to cater to their needs and preferences.

Here are some important steps to take when determining your target market:

  • Research demographics: Gather information about the age, gender, income, and lifestyle of the people in your targeted area. This will give you insights into who your potential customers might be.
  • Identify specific needs and preferences: Determine what hairstyle and grooming services are in high demand among your target market. Are they mostly interested in classic haircuts or trendy hairstyles? Do they prefer a traditional barbershop experience or a modern and luxury one?
  • Analyze competition: Study your competition to see what types of customers they are attracting. This will help you understand if there is a gap in the market that you can target.
  • Consider location: Evaluate the demographics and characteristics of the neighborhood where you plan to open your barber shop. Is it a residential area filled with families or a bustling business district with professionals? Adapt your target market accordingly.
  • Consider offering specialized services for specific target groups, such as men's grooming services for professionals or children's haircuts for families.
  • Stay updated on the latest trends and preferences in the grooming industry to adapt your target market accordingly.

By determining your target market, you can tailor your services, marketing messages, and branding to appeal to the right customers. This will increase the chances of success for your barber shop and help you build a loyal customer base.

Conduct Market Research

Conducting thorough market research is a crucial step in writing a business plan for your barber shop. Market research allows you to gather important information about your target market, understand current trends and preferences, and identify potential opportunities and challenges.

During your market research, it is essential to:

  • Evaluate the demand for barber shop services in your area.
  • Identify your target market segments, such as age groups, demographics, and lifestyles.
  • Analyze the competition to understand their pricing, services, and customer base.
  • Assess the current trends and preferences in men's grooming and hairstyling.
  • Consider the purchasing behavior and spending habits of your target market.

Tips for conducting market research:

  • Use surveys or questionnaires to gather data from potential customers.
  • Visit local barber shops and observe their operations and customer traffic.
  • Attend industry events or trade shows to stay updated on the latest trends and innovations.
  • Explore online platforms and forums related to men's grooming and hairstyling to gather insights.
  • Consider hiring a professional market research firm to conduct a comprehensive analysis.

By conducting thorough market research, you will be equipped with valuable data and insights that will help you shape your business concept, define your target market, and make informed decisions throughout the planning process. This information will also be vital when creating your marketing and advertising strategies later on.

Identify Your Competition

Identifying your competition is an essential step in writing a business plan for your barber shop. By understanding who your competitors are, you can gain valuable insights into the industry and make informed decisions about how to position your business.

Here are some key points to consider when identifying your competition:

  • Local Barbershops: Research and compile a list of barbershops in your area. Visit their websites, social media profiles, and physical locations to gather information about their services, pricing, and overall customer experience.
  • Chain Salons: Take note of any national or regional chain salons that offer barbering services. Assess their branding, target audience, and pricing strategies to determine how you can differentiate your barber shop in the market.
  • Mobile Barbers: In recent years, mobile barbers have gained popularity, offering convenience and flexibility to customers. Investigate if there are any mobile barbers operating in your area and consider the unique advantages they may have over traditional barber shops.
  • Grooming Salons: Don't forget to explore grooming salons that cater specifically to men. These establishments may offer a range of services beyond haircuts, such as facials or manicures. Assess their offerings and identify any potential overlap with your business concept.
  • Visit competitor locations in person to observe their operations and customer interactions.
  • Read reviews and gather feedback from customers to understand their experiences with competing barbershops.
  • Consider conducting a SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis of your competitors to identify areas where your barber shop can excel.

Identifying your competition not only helps you understand the landscape you'll be operating in, but it also enables you to differentiate your barber shop by offering unique services or experiences that stand out from the crowd. Use the information you gather during this step to refine your business concept and develop strategies that will set you apart in the market.

Create A Business Concept And Define Your Unique Selling Proposition

When starting a barber shop, it is essential to create a strong business concept that sets you apart from the competition. A well-defined concept will help you attract customers and build a loyal clientele. It is also crucial to define your unique selling proposition (USP) to differentiate your business and give customers a compelling reason to choose your barber shop over others in the market.

To create a business concept, you first need to determine your target market. Consider the demographics, preferences, and specific needs of your potential customers. This will help you tailor your services and create an experience that appeals to your target audience.

Once you have identified your target market, conduct thorough market research to gain insights into the industry trends, customer preferences, and competitive landscape. This information will help you refine your business concept and identify opportunities for innovation and differentiation.

  • Brainstorm ideas that align with your target market's preferences and needs.
  • Consider incorporating unique elements such as personalized consultations, specialized shaving techniques, or customized grooming products.
  • Think about how you can create a memorable and enjoyable experience for your customers.

Next, define your unique selling proposition (USP). This is the aspect of your barber shop that makes it stand out from the competition and gives customers a compelling reason to choose your services. Your USP can be based on the quality of your services, the expertise of your barbers, the use of innovative technologies, or any other unique aspect of your business.

When defining your USP, highlight the benefits and value that customers can expect from choosing your barber shop. Communicate how your services address their pain points and exceed their expectations. By clearly defining your USP, you can effectively market your business and attract customers who resonate with your unique offerings.

  • Research your competition to identify any gaps or areas where you can offer something different.
  • Showcase your USP in your marketing materials, website, and social media channels to help customers understand why they should choose your barber shop.
  • Regularly evaluate and refine your USP to stay competitive in the evolving market.

By creating a solid business concept and defining your unique selling proposition, you can position your barber shop as a go-to destination for stylish haircuts, exceptional shaving experiences, and a range of high-quality grooming products. Investing time and effort into this step will help you build a strong foundation for your business and attract a loyal customer base.

Determine Your Startup Costs And Secure Financing

When starting a barber shop, it is crucial to determine your startup costs and develop a plan to secure financing . This will ensure that you have sufficient funds to cover all your initial expenses and set your business on the right track.

First, make a list of all the expenses you will need to start your barber shop. This list may include items such as:

  • Lease or purchase of a suitable location
  • Renovations and interior design
  • Barber chairs and equipment
  • Inventory of grooming products
  • Digital cameras and software for facial feature capture
  • Utilities, insurance, and other ongoing expenses

Once you have estimated your startup costs, you can secure financing through various options. Here are some tips to consider:

Apply for a Small Business Loan:

Seek investors:, personal savings:, crowdfunding:.

Remember to carefully calculate your expected revenue and consider how quickly you will be able to repay any loans or investments. Be realistic and conservative in your financial projections to ensure you can meet your financial obligations.

By determining your startup costs and securing financing, you will have a solid foundation to launch your barber shop successfully. With proper planning, you can minimize financial stress and focus on providing excellent services to your customers.

Find A Suitable Location For Your Barber Shop

Finding the right location for your barber shop is one of the most crucial decisions you will make as a business owner. The location will play a significant role in attracting customers and determining the success of your establishment. Here are a few key considerations to keep in mind when searching for a suitable location:

  • Demographics: Research the demographics of the area you are considering to ensure that your target market aligns with the local population. Look for areas with a high concentration of your ideal customers, such as young professionals or college students.
  • Visibility: Your barber shop needs to be easily visible and accessible to potential customers. Consider locations with good foot traffic and nearby parking facilities. A storefront with large windows can help showcase your services and attract passersby.
  • Competition: Analyze the competition in the area to determine if there is room for your barber shop to thrive. If there are already several established barbershops nearby, it might indicate that there is sufficient demand in that area for your services. However, if the market seems saturated, you may need to consider other locations.
  • Size and Layout: Assess the size and layout of potential locations to ensure they can accommodate your planned services and equipment. Consider factors such as the number of barber stations, waiting area, storage space, and restroom facilities. A space that can be customized to create a comfortable and functional atmosphere is ideal.
  • Proximity to Amenities: Look for locations that are close to complementary businesses and amenities that can attract customers. For example, being near popular restaurants, coffee shops, or retail stores can bring in additional foot traffic and potential customers.

Tips for Finding the Right Location:

  • Consider leasing or renting instead of purchasing a property, especially if you are a first-time business owner.
  • Consult with a real estate agent who specializes in commercial properties to assist you in finding suitable options.
  • Research the local zoning regulations and ensure that the location you choose is approved for a barber shop business.
  • Visit potential locations at different times of the day and week to gauge the level of foot traffic and activity.
  • Take into account the future growth potential of the area to ensure your barber shop can continue to thrive.

Develop A Marketing And Advertising Plan

Developing a marketing and advertising plan is crucial for promoting your barber shop and attracting customers. It involves creating strategies to reach your target market and effectively communicate your unique selling proposition.

1. Define your target market: Identify the specific demographic characteristics of your target customers, such as age, gender, and location. Understanding your target market will help you tailor your marketing efforts to reach the right audience.

2. Research your competition: Analyze what your competitors are doing in terms of marketing and advertising. This will give you insights into what works in the industry and help you differentiate your barber shop by offering unique promotions or services.

3. Identify marketing channels: Consider the most effective channels to promote your barber shop based on your target market. This may include social media platforms, local advertisements, flyers, or partnerships with other businesses.

4. Create a branding strategy: Develop a strong brand identity for your barber shop, including a logo, color scheme, and overall aesthetic. Consistent branding will make your business memorable and build trust with potential customers.

5. Utilize online marketing: Create a website and optimize it for search engines to improve your online visibility. Use social media platforms to engage with your target audience and share relevant content, such as before-and-after photos or grooming tips.

6. Offer promotions and incentives: Attract new customers by offering promotions, such as discounted haircuts for first-time visitors or referral programs. Consider partnering with local businesses to offer exclusive deals to their customers.

  • Consider hosting special events or workshops to showcase your expertise and attract potential customers.
  • Collect customer email addresses to build a mailing list for targeted marketing campaigns.
  • Invest in professional photography and create visually appealing advertisements and social media posts.
  • Track the effectiveness of your marketing efforts through analytics and adjust your strategies accordingly.

Create A Pricing Structure And Service Menu

Creating a pricing structure is an essential step in developing a successful barber shop business plan. It is important to determine how much you will charge for each service and set a pricing strategy that reflects the value you provide to your customers. Here are some important considerations when creating your pricing structure and service menu:

  • Research your market: Take the time to understand the pricing trends in your local area. Research the prices charged by other barber shops and salons to get an idea of what customers are willing to pay for similar services.
  • Define your services: Develop a comprehensive list of services you plan to offer, including haircuts, shaves, beard trims, and any additional grooming services. Clearly define the scope of each service and consider offering different options at varying price points to cater to a diverse range of customers.
  • Evaluate your costs: Calculate the costs associated with providing each service, including labor, products, equipment, and overhead expenses. This will help you determine the minimum price you need to charge in order to cover your costs and make a profit.
  • Consider your target market: Analyze your target market and their spending habits. If you are targeting high-end clients who value luxury and convenience, you may be able to set higher prices. However, if you are catering to a more budget-conscious demographic, you might need to consider offering competitive pricing or packages to attract customers.
  • Offer different pricing tiers: Consider offering different levels of service at varying prices to accommodate different budgets.
  • Create attractive packages: Bundle multiple services together at a discounted rate to encourage customers to try multiple services.
  • Consider loyalty programs: Implement a loyalty program to reward repeat customers and encourage them to refer others to your barber shop.
  • Regularly review and update your pricing: Keep an eye on market trends and periodically review and adjust your pricing structure to ensure it remains competitive and reflects the value you provide.

By creating a well-defined pricing structure and service menu, you can attract and retain customers while maximizing your profitability. Remember to continuously assess and adapt your pricing strategy to stay ahead in the dynamic barber shop industry.

Identify The Necessary Permits And Licenses

When starting a barber shop, it is crucial to identify the necessary permits and licenses required to operate your business legally. Obtaining these certifications will not only ensure that you comply with local and state regulations, but will also help you build trust and credibility with your customers.

1. Barber/Cosmetology License: The first and most important license you will need is a barber or cosmetology license. This license demonstrates that you have completed the required training and passed the necessary exams to perform hairstyling and shaving services. Check with your local licensing board to understand the specific requirements in your area.

2. Business License: In addition to a barber license, you will need to obtain a general business license. This license gives you the legal permission to operate your barber shop within your city or county. The requirements for this license may vary depending on your location, so be sure to research the specific regulations in your area.

3. Health and Safety Permits: Due to the nature of your business, you may need to obtain health and safety permits. These permits ensure that your barber shop meets the necessary health and sanitation standards to protect both your employees and customers. Examples of such permits include a public health permit and a fire safety inspection.

4. Zoning Approval: Before selecting a location for your barber shop, it is important to ensure that the property is properly zoned for commercial use. This step involves checking with your local zoning department to confirm that your business activities align with the permitted uses of the area. Failure to obtain zoning approval may result in fines or even closure of your shop.

5. Signage Permit: If you plan to install signs or banners to promote your barber shop, you may need to obtain a signage permit. These permits regulate the size, design, and placement of your signage to maintain the visual appeal of the community and to avoid any safety hazards.

  • Contact your local small business development center or chamber of commerce for assistance in identifying the necessary permits and licenses specific to your area.
  • Ensure that your barber shop team is trained on the proper procedures and safety protocols required by the permits and licenses you obtain.
  • Regularly check for any updates or changes to the regulations regarding permits and licenses in your area to always stay compliant.

By properly identifying and obtaining the necessary permits and licenses , you can ensure that your barber shop operates legally and in compliance with the regulations in your area. This will not only protect your business, but also establish trust and credibility with your customers, setting the foundation for a successful and thriving barber shop.

Writing a business plan for a barber shop is crucial for ensuring the success of your venture. By following these 9 steps, you can create a comprehensive plan that covers all essential aspects of starting and running a barber shop. From identifying your target market and conducting market research to securing financing and obtaining the necessary permits and licenses, each step is important in establishing a successful barber shop.

By creating a unique selling proposition and offering a wide range of hairstyling and shaving services, as well as men's grooming products, you can set your barber shop apart from the competition. Utilizing new technologies and providing a friendly, experienced team of barbers will ensure that every customer has a great haircut and shaving experience.

Remember to carefully consider your startup costs and find a suitable location for your barber shop. Developing a marketing and advertising plan, creating a pricing structure and service menu, and identifying the necessary permits and licenses will also contribute to the overall success of your barber shop.

With a well-written and thought-out business plan, you will have a clear roadmap for achieving your goals and turning your barber shop into a thriving business.

Excel financial model

$169.00 $99.00 Get Template

Related Blogs

  • Starting a Business
  • KPI Metrics
  • Running Expenses
  • Startup Costs
  • Pitch Deck Example
  • Increasing Profitability
  • Sales Strategy
  • Rising Capital
  • Valuing a Business
  • How Much Makes
  • Sell a Business
  • Business Idea
  • How To Avoid Mistakes

Leave a comment

Your email address will not be published. Required fields are marked *

Please note, comments must be approved before they are published

ProfitableVenture

Barber Shop Business Plan [Sample Template]

By: Author Tony Martins Ajaero

Home » Business ideas » Beauty Care Industry » Barbershop

Barbershop Business

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

Related Posts:

  • Tattoo Shop Business Plan [Sample Template]
  • Cosmetics Store Business Plan [Sample Template]
  • Makeup Line Business Plan [Sample Template]
  • Requirement to Get a Barber’s License Without Going to School
  • Hair Bow Production Business Plan [Sample Template]
  • How to Make a Barbershop Successful and Bring Extra Income
  • 10 Best Fragrances for Barbershop

Growthink logo white

Barber Shop Business Plan Template

Barber shop marketing plan.

Traditionally, a marketing plan includes the four P’s: Product, Price, Place, and Promotion. For a barber shop business plan, your marketing plan should include the following:

Product : in the product section you should reiterate the type of barber shop that you documented in your Company Analysis. Then, detail the specific products you will be offering. For example, in addition to regular haircuts, will you offer services such as beard grooming, shaving, color services, etc.

Price : Document the prices you will offer and how they compare to your competitors. Essentially in the product and price sub-sections of your marketing plan, you are presenting the services you offer and their prices.

Place : Place refers to the location of your barber shop. Document your location and mention how the location will impact your success. For example, is your barber shop located next to a heavily populated office building, gym, train station, etc. Discuss how your location might provide a steady stream of customers.

Promotions : the final part of your barber shop marketing plan is the promotions section. Here you will document how you will drive customers to your location(s). The following are some promotional methods you might consider:

  • Making your barber shop’s storefront extra appealing to attract passing customers
  • Advertising in local papers and magazines
  • Reaching out to local bloggers and websites
  • Partnerships with local organizations (e.g., gym members get a free beard trim with each haircut they purchase)
  • Local radio advertising
  • Banner ads at local venues

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

Use This Simple Business Plan Template

Business Plan for Investors

  • Bank/SBA Business Plan
  • Operational/Strategic Planning Services
  • L1 Visa Business Plan
  • E1 Treaty Trader Visa Business Plan
  • E2 Treaty Investor Visa Business Plan
  • EB-1 Business Plan
  • EB-2 NIW Business Plan
  • EB-5 Business Plan
  • Innovator Founder Visa Business Plan
  • Start-Up Visa Business Plan
  • Expansion Worker Visa Business Plan
  • Manitoba MPNP Visa Business Plan
  • Nova Scotia NSNP Visa Business Plan
  • British Columbia BC PNP Visa Business Plan
  • Self-Employed Visa Business Plan
  • OINP Entrepreneur Stream Business Plan
  • LMIA Owner Operator Business Plan
  • ICT Work Permit Business Plan
  • LMIA Mobility Program – C11 Entrepreneur Business Plan
  • USMCA (ex-NAFTA) Business Plan
  • Franchise Business Plan
  • Landlord business plan
  • Nonprofit Start-Up Business Plan
  • USDA Business Plan
  • Cannabis business plan
  • Ecommerce business plan
  • Online boutique business plan
  • Mobile application business plan
  • Daycare business plan
  • Restaurant business plan
  • Food delivery business plan
  • Real estate business plan
  • Business Continuity Plan
  • Buy Side Due Diligence Services
  • ICO whitepaper
  • ICO consulting services
  • Confidential Information Memorandum
  • Private Placement Memorandum
  • Feasibility study
  • Fractional CFO
  • How it works
  • Business Plan Examples

Barbershop Business Plan Sample

NOV.11, 2016

Barbershop Business Plan Sample

Do you want to start barbershop business plan?

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

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

Executive Summary

2.1 the business.

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

2.2 Management of the Barbershop

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

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

2.3 Customers of Barbershop

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

  • Residential Community
  • Businessmen
  • Work Facilities
  • Job Hunters

2.4 Business Target

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

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

3 Years Profit Forecast - Barbershop Business Plan

Company Summary

3.1 company owner.

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

3.2 Why the barbershop is being started

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

3.3 How the barbershop will be started

Step1: Plan Everything

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

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

Step2: Define the Brand

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

Step3: Establish Your Corporate Office

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

Step4: Establish a Web Presence

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

Step5: Promote and Market

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

Startup Cost - Barbershop Business Plan

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

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

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

  • Male Haircuts

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

  • Head Massages and Conditioning Treatments

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

  • Razor and Wet Shaving Service

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

  • Beard Styling

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

Marketing Analysis of a Barbershop

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

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

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

5.1 Market Trends

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

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

5.2 Marketing Segmentation

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

Marketing Segmentation - Barbershop Business Plan

excellent work

excellent work, competent advice. Alex is very friendly, great communication. 100% I recommend CGS capital. Thank you so much for your hard work!

5.2.1 Residential Community

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

5.2.2 Business Folk

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

5.2.3 Work Facilities

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

5.2.4 Job Hunters

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

5.3 Business Target

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

5.4 Product Pricing

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

Marketing Strategy

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

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

6.1 Competitive Analysis

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

6.2 Sales Strategy

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

6.3 Sales Monthly

Sales Monthly - Barbershop Business Plan

6.4 Sales Yearly

Sales Yearly - Barbershop Business Plan

6.5 Sales Forecast

Unit Sales - Barbershop Business Plan

Personnel plan

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

7.1 Company Staff

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

7.2 Average Salary of Employees

Financial plan.

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

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

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

8.1 Important Assumptions

8.2 break-even analysis.

Break-even Analysis - Barbershop Business Plan

8.3 Projected Profit and Loss

8.3.1 profit monthly.

Profit Monthly - Barbershop Business Plan

8.3.2 Profit Yearly

Profit Yearly - Barbershop Business Plan

8.3.3 Gross Margin Monthly

Gross Margin Monthly - Barbershop Business Plan

8.3.4 Gross Margin Yearly

Gross Margin Yearly - Barbershop Business Plan

8.4 Projected Cash Flow

Projected Cash Flow - Barbershop Business Plan

8.5 Projected Balance Sheet

8.6 business ratios.

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

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

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

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

  • How do you attract customers to your barbershop?

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

  • How do you start a barber shop?

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

Download Barber Shop Business Plan Sample in pdf

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

how to write a business plan for a barber shop

Add comment

E-mail is already registered on the site. Please use the Login form or enter another .

You entered an incorrect username or password

Comments (0)

mentioned in the press:

Search the site:

how to write a business plan for a barber shop

OGScapital website is not supported for your current browser. Please use:

how to write a business plan for a barber shop

  • Things to Do
  • Travel & Explore
  • Investigations
  • Marketplace
  • Advertise with Us

azcentral

How to Write a Business Plan for a Barber Shop

The outlook is bright for barber shops. Because the demand for haircuts is steady -- and fairly well immune to economic ups and downs -- the barbering profession is proving to be recession-proof. In 2011, Inc. magazine reported that cosmetology and barber schools were the fastest growing industry that year, and the number of licensed barbers had grown about 10 percent, from 225,000 to 245,000, in the same time period.

Executive Summary

Write this section last, after you have finished your planning, but place it first in the business plan. The reason for this is that, to be most effective, the executive summary must contain your vision for the new business and every important point about your planning. The executive summary should give highlights about the shop's market area, the range of services that you will provide, and the profit potential of the business.

Business Description

Tell the reader how you decided on a certain address for the business. If you based your decision on pedestrian traffic data from the local Chamber of Commerce or real estate sources, describe that process. If you are renting the premises, disclose the terms and conditions of your lease. Mention the positive and negative features of the location. Tell about the days and hours of operation, the range of services the shop will offer, and the products it will sell. Give the number of barbers who will work there and say whether they are employees or independent contractors.

Tell the reader about your plan for bringing in customers and sustaining a profitable customer base. If your plan includes a feature that sets your shop apart from the competition, discuss it in the business plan. For example, at the time of the Inc. article, there was a trend in barbering away from the unisex model of previous decades and toward a traditional all-male shop. Discuss your pricing policy, advertising strategy, and any public relations techniques you plan to use. Identify your competitors and explain how your services are better or different from theirs. Tell what market share you expect to gain.

Include biographical summaries for yourself, the barbers who will be working in the shop, your accountant, and your attorney. The information for you and the barbers should cover the number of years of experience in barbering for each, where each has worked, and the status of each person's license. The personal names, firm names and addresses are sufficient for the accountant and the attorney.

Start with a balance sheet dated as of your opening day plus an income statement projection for the coming year, broken down by month. Add a balance sheet, income statement and cash flow statement to the business plan each month. Include your personal financial statement if your banker, landlord or supplier needs the information. If any of your barbers are in partnership with you, include their financial information as well.

  • Inc.: The King of the Barbershop Resurgence
  • Small Business Administration: Small Business Development Centers

Charles Crawford, a former commercial banker, has been a business writer in New York since 1990. He has produced marketing materials for an executive outplacement firm, written the quarterly newsletter of a medical nonprofit organization and created financing proposals/business plans. Crawford holds a Bachelor of Arts in English and a Master of Science in international affairs from Florida State University.

Image Credit

Jupiterimages/Photos.com/Getty Images

Advertisement

Supported by

Anti-Trump Burnout: The Resistance Says It’s Exhausted

Bracing for yet another election against Donald Trump, America’s liberals are feeling the fatigue. “We’re kind of, like, crises-ed out,” one Democrat said.

  • Share full article

A portrait of Shannon Caseber, a Democratic voter in Pittsburgh. She is leaning against a utility pole on a city street corner.

By Katie Glueck

In 2017 they donned pink hats to march on Washington, registering their fury with Donald J. Trump by the hundreds of thousands .

Then they flipped the House from Republican control, won the presidency and secured a surprisingly strong showing in the 2022 midterm elections, galvanized by their conviction that Mr. Trump and his allies constituted a national emergency.

This year, anti-Trump voters are grappling with another powerful sentiment: exhaustion.

“Some folks are burned out on outrage,” said Rebecca Lee Funk, the Washington-based founder of the Outrage, a progressive activism group and a purveyor of resistance-era apparel. “People are tired. I think last election we were desperate to get Trump out of office, and folks were willing to rally around that singular call to action. And this election feels different.”

But for Democrats, the mission is similar: Now defending the White House, President Biden is trying to reassemble that sprawling anti-Trump coalition, casting the 2024 contest as another battle to save American democracy as Mr. Trump moves toward the Republican nomination.

Mr. Biden, however, has a lot of work to do. Interviews with nearly two dozen Democratic voters, activists and officials make clear his challenge in energizing Americans who are unenthusiastic about a likely 2020 rematch, are worried about his age , and, in some cases, are struggling to sustain the searing anger toward Mr. Trump that Democrats have relied on for nearly a decade.

“We’re kind of, like, crises-ed out,” said Shannon Caseber, 36, a security guard in Pittsburgh who called the prospect of a Trump-Biden rematch a “dumpster fire.” She added, “It’s crisis fatigue, for sure.”

Ms. Caseber, a Democrat who would back Mr. Biden over Mr. Trump, added, “Any sense of urgency that we had with the 2020 election — I think it’s still there in the sense that no one wants Trump to be president, at least for Democrats, but it’s exhausting.”

Democrats are hardly alone in their political fatigue: A Pew Research Center survey last year found that 65 percent of Americans said they always or often felt exhausted when they thought about politics.

“Exhaustion is underlying the entire attitude toward our presidential election,” said Whit Ayres, a veteran Republican pollster. “When you’ve got two people that are opposed by 70 percent of Americans who want a different choice, it creates frustration, anxiety and discouragement.”

Democratic pollsters and strategists say that no one is more motivating or terrifying to their voters than Mr. Trump.

Buoyed by strong showings in special elections last week, and other recent contests including a successful write-in campaign for Mr. Biden in New Hampshire’s primary, many believe their voters will grow increasingly engaged as the general election nears and Mr. Trump’s legal problems unfold.

He confronts 91 felony charges across four cases , is poised to be the first former president to face a criminal trial and now has staggering financial problems . He has also privately expressed support for a 16-week national abortion ban, with some exceptions, The New York Times reported on Friday, and Democrats see abortion rights as a powerful motivator for their base and for some swing voters.

But there are pronounced warning signs on the left, as well.

A CNN poll recently asked how motivated Americans were to vote in the election. Republicans, out of power and eager to regain it, were more likely to say “extremely motivated.” A Yahoo News/YouGov poll asked voters last fall about their attitudes toward the 2024 election. Thirty-nine percent of Democrats picked “exhaustion” from the list of sentiments offered (a close second to “dread”). Just 26 percent of Republicans chose “exhaustion.”

Broadly, surveys have shown erosion in the party’s standing with traditional Democratic constituencies. On the left, some groups have warned of funding challenges and voter apathy, and the most visible source of in-the-streets energy is progressive frustration with Mr. Biden over his support for Israel.

Lauren Hitt, a spokeswoman for Mr. Biden, said there was tangible evidence of enthusiasm in recent weeks, including on the fund-raising front .

She also signaled that the campaign’s messaging would go beyond simply opposing Mr. Trump, drawing contrasts with Republicans on abortion rights and gun safety as she described the stakes of the election, and nodding to Mr. Biden’s policy accomplishments on issues like combating climate change and child poverty.

“This election determines whether we build on that progress or we lose so many of our fundamental freedoms,” she said in a statement.

Many Democrats have argued that the party must do more to press an affirmative case for Mr. Biden’s re-election, beyond just stopping Mr. Trump again. They also worry that some voters could vote third-party or sit out altogether this year.

“They hear it every cycle: This is the most important election ever,” said Leah D. Daughtry, a Democratic strategist.

While she considers Mr. Trump an “existential threat,” she said, “people want to vote for something and not necessarily against something.”

Max Dower, the founder of the clothing line Unfortunate Portrait, recently designed a $78 shirt that reflected his sense of feeling “uninspired” about the election. It featured an image of Mr. Biden, 81, using a walker to fend off a cane-wielding Mr. Trump, 77, with the message, “Vote 2024.” He said it had drawn more engagement on social media than any design he had posted in roughly eight years (it also inevitably set off political battles in his Instagram comments).

After years of feeling that the country was veering from one crisis to the next, Mr. Dower, who said he voted for Mr. Biden in 2020, suggested that he was burned out.

“We’ve dealt with so many emergencies these past few years: national emergencies, perceived emergencies, real emergencies — it’s just kind of like, that is not really a strong motivator for me anymore,” said Mr. Dower, who is based in Los Angeles. He declined to say how he would vote this year, but said he was unlikely to cast a ballot for Mr. Trump.

“A lot of us would like a more positive thing to motivate us,” he said. “Not just purely, Do this or else this bad thing is going to happen.”

Certainly, Mr. Trump is hardly a morning-in-America candidate. And while some have tuned him out since he left office, he will be unavoidable in an election year — reminding voters, Democrats hope, of everything they have long disliked about him.

The former president, whose supporters attacked the Capitol to try to overturn the 2020 election, has encouraged political violence , spread conspiracy theories and preached a darkly nativist vision . He has sought to undermine American institutions and threatened to upend the international order , recently suggesting that he would encourage Russian aggression against American allies.

“People are going to be more alert because Trump has become even more outrageous in his post-presidency,” Gov. Roy Cooper of North Carolina, a Democrat, said in an interview last month. “It will be a challenge to make sure that people are aware of what he is doing, because I think that sometimes he is so outrageous, so consistently, that there’s a danger that it can be normalized. But I do believe that the stakes will be so high in this election that people will, at the end of the day, understand that our democracy truly is at stake.”

Democrats are also trying to put abortion rights on the ballot, literally and figuratively. The Biden campaign has already started advertising on the issue .

Leah Greenberg, the co-executive director of the Indivisible Project, a progressive grass-roots group, said her organization was supporting ballot measure efforts that would protect abortion rights in key states. She also argued that full Democratic control of Washington could lead to meaningful abortion protections nationally.

“Burnout tends to be a function of a sense of powerlessness,” she said. “People are activated around getting our rights back.”

That kind of message resonated with Dorothy Stevenson, 64, of Milwaukee. She did not vote for president in 2020, she said, alluding to Mr. Biden’s tough-on-crime record as a senator , saying she worried at the time that he was not “really for Black people.” Now, she said, she is unexcited by her choices, but intends to support Mr. Biden because she believes the stakes of the election are higher.

“It’s really, really, really, really because of the abortion issue — I think that they need to stay away from women’s bodies,” she said. The potential return of Mr. Trump, she said, is “a crisis.”

Many Americans have been in denial about the prospect of a Trump-Biden rematch . But as Mr. Trump moves closer to being renominated, some Democrats say their voters are beginning to grasp the significance of his return.

Representative Veronica Escobar, Democrat of Texas and a Biden campaign co-chair, said she “heard some fatigue and some concern” in the recent past.

But after Mr. Trump won the New Hampshire primary, she said, “there has been a palpable shift. And it’s what I had hoped for. I hope we can sustain it and grow it.”

In Washington, Ms. Funk of the Outrage suggested that to do so, some voters now “want to be reminded of what’s good about this country.”

“It’s been a long slog,” she added, “for those of us in the movement.”

Ruth Igielnik contributed reporting.

Katie Glueck is a national political reporter. Previously, she was chief Metro political correspondent, and a lead reporter for The Times covering the Biden campaign. She also covered politics for McClatchy’s Washington bureau and for Politico. More about Katie Glueck

Our Coverage of the 2024 Presidential Election

News and Analysis

Former President Donald Trump has privately expressed support  for a 16-week national abortion ban  with exceptions — a seeming attempt to satisfy social conservatives who want to further restrict the procedure and voters who want more modest limits.

Trump allies and officials who served in his administration are planning ways to restrict abortion rights if he returns to power  that would go far beyond proposals for a national ban or the laws enacted in conservative states.

Despite big losses in Iowa, New Hampshire and Nevada, and the steep odds  facing her in South Carolina, Nikki Haley says she is going the distance against Trump. Here’s her plan .

Devouring the Establishment:  Long a dominant force over the Republican Party’s institutions, Trump is now moving to fully eradicate their independence  and remake them in his own image as November draws closer.

Letting Insults Fly: Nikki Haley has, until recently, run a fairly positive campaign, even as she has endured relentless criticism from Trump. Her 22-year-old son, Nalin Haley, is not so inclined to pull his punches .

Can Democrats Win Back Latino Men?: A friendship forged in a Las Vegas barbershop offers clues to one of the biggest questions of the presidential election .

Disparate Economic Pictures: Democrats say Nevada’s economy is getting better, while Republicans argue it’s getting worse. Which message resonates more could help make a difference in the pivotal battleground state in November .

Behaving Like an Incumbent: As he rolls toward the Republican nomination, Trump is using the imagery of his presidency  to twist the race in his favor in ways big and small.

IMAGES

  1. Barbershop Business Plan Template Sample Pages

    how to write a business plan for a barber shop

  2. Barbershop Business Plan Template Sample Pages

    how to write a business plan for a barber shop

  3. Business Plan

    how to write a business plan for a barber shop

  4. How to Write a Barbershop Business Plan in 8 Steps

    how to write a business plan for a barber shop

  5. Barber Shop Business Plan Writer

    how to write a business plan for a barber shop

  6. Barbershop Business Plan Template Sample Pages

    how to write a business plan for a barber shop

COMMENTS

  1. Creating a Barbershop Business Plan

    No way. Building the ultimate business plan for your barbershop is the key to creating the success you desire, but it can also be an enormously fun exercise to help you bring your dream to life. Let's face it, business plans are important.

  2. Barber Shop Business Plan Template (2024)

    How Do You Get Funding for Your Barber Shop Business Plan? What are the Steps To Open a Barber Shop Business? PlanBuildr's barber shop business plan template will help you to quickly and easily complete your barber shop business plan and take your company to the next level.

  3. Barbershop Business Plan: A Perfect Guide [Get Free Template!]

    When you are just starting: When you are starting out, a business plan can serve as a solid plan of action and can significantly clarify your next steps. Having the experience of creating business plans and inputting correct numbers and stats is always valuable and will help you when you need to make a barber business plan to secure financing. II.

  4. Barber Shop Business Plan Template and Guide [Updated 2024]

    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 plan should also include a full financial model including ...

  5. How to Create a Business Plan for your Barbershop

    Who's your competition? Once you've done a competitive analysis think about how your barbershop will stand out. Will it fill a particular niche? How can you go about gaining a competitive advantage over your local competitors?

  6. How to Write a Barber Shop Business Plan in 2024?

    What You Will Learn We'll take a look at the basics of researching and creating your barbershop business plan, plus some helpful info and a free template to help you get started. Jump to the Section You Like What Is a Barber Shop Business Plan? Why Does Your Barber Shop Need a Business Plan? Key Element of a Good Barber Shop Business Plan

  7. Barber Shop Business Plan Template: A Step-by-Step Guide (2024)

    Download Template Create a 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.

  8. The #1 Barber Shop Business Plan Template & Guidebook

    How to Write a Barber Shop Business Plan in 7 Steps: 1. Describe the Purpose of Your Barber Shop Business. The first step to writing your business plan is to describe the purpose of your barber shop business. This includes describing why you are starting this type of business, and what problems it will solve for customers.

  9. How to write a business plan for a barber shop?

    Identify the necessary resources (human, equipment, and capital) needed to reach your goals, Determine the pace at which the business needs to progress to meet its objectives as scheduled, Recognize and address the potential risks you may encounter along the way.

  10. Barbershop Business Plan 101: A Comprehensive Guide

    An executive summary of a business plan for a barber shop should provide a brief overview of the key elements of the plan. When writing the executive summary, focus on providing an outline of the business concept, its unique value proposition, target market, competitive advantage, and financial projections. ...

  11. Barbershop: get a solid business plan (pdf example)

    July 14, 2023 Starting a barbershop salon is a great idea because it provides a service that is in high demand and it can be a great source of income. Additionally, it gives the owner the opportunity to build a loyal customer base and provide a personalized experience to their clientele. Don't start without having built a business plan though.

  12. How to Start a Barbershop Business in (2024): Step-by-Step Guide

    Startup costs: $75,000-150,000 Industry trend: Growing Difficulty: — Moderate to High Profitability: $20k-$100k Time to build: 9 to 18 months Commitment: Full-time Remember those old barbershops with the red, white, and blue poles outside? Some are still places where people chat and laugh.

  13. How to open a profitable barber shop?

    Writing a business plan for your barber shop. The next step in opening a barber shop is to draw up your business plan. What is a barber shop's business plan? A business plan serves as a comprehensive roadmap outlining the objectives, strategies, and key components of your venture. There are two essential parts to a business plan:

  14. Business Plan For Barber Shop: A Step-By-Step Guide

    Creating a business plan for a barber shop involves outlining your vision, operations, and financials. A detailed guide helps you navigate through each essential step of the formation. Crafting a compelling business plan for a barber shop is critical for securing funding, guiding your strategic decisions, and charting a path for growth. In ...

  15. How to Start a Profitable Barber Shop Business [11 Steps]

    1. Perform market analysis. 2. Draft a barber shop business plan. 3. Develop a barber shop brand. 4. Formalize your business registration. 5. Acquire necessary licenses and permits for barber shop. 6. Open a business bank account and secure funding as needed. 7. Set pricing for barber shop services. 8. Acquire barber shop equipment and supplies. 9.

  16. How to Write a Business Plan for Barbershop

    Chicken or Egg? You can start planning your business by deciding what type of barbershop you want to operate, and then choose your target customers who will want your services.

  17. Barber Shop Business Plan [Template + Example in 2024]

    How to Write a Barber Shop Business Plan? 1. Executive Summary Example 2. Business Overview Example 3. Products and Services Example 4. Market Analysis Example 5. Marketing Strategy Example ... [show all 22] Join Starter Story See exactly how online businesses get to millions in revenue 4,818 founder case studies Access to our founder directory

  18. 12 Strategies for Starting a Barber Shop Business [Business Plan

    A lack of skilled and professional barbers. 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.

  19. How To Write a Business Plan for Barber Shop in 9 Steps: Checklist

    Create a business concept and define your unique selling proposition: Develop a compelling business concept and identify what sets your barber shop apart from others. Determine your startup costs and secure financing: Calculate the expenses involved in starting your barber shop and explore financing options to fund your venture.

  20. Barber Shop Business Plan [Sample 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.

  21. Barber Shop Business Plan Marketing Plan

    Traditionally, a marketing plan includes the four P's: Product, Price, Place, and Promotion. For a barber shop business plan, your marketing plan should include the following: Product: in the product section you should reiterate the type of barber shop that you documented in your Company Analysis. Then, detail the specific products you will ...

  22. Barbershop Business Plan Sample [2024]

    You can go about writing a barber shop start up business plan in two ways. Either learn how to write a business plan for a barber shop or go through a beauty supply store business plan or maybe a barber shop business plan example, like the one we are showing here. 2.3 Customers of Barbershop

  23. How to write a Hair Salon and Barbershop Business Plan by ...

    How to write a Hair Salon and Barbershop Business Plan by Paul Borosky, MBA. - Hair Salon and Barbershop Business Plan Tips and Tricks.In "How to write a Hai...

  24. How to Write a Business Plan for a Barber Shop

    How to Write a Business Plan for a Barber Shop. The outlook is bright for barber shops. Because the demand for haircuts is steady -- and fairly well immune to economic ups and downs -- the barbering profession is proving to be recession-proof. In 2011, Inc. magazine reported that cosmetology and barber schools were ...

  25. Anti-Trump Burnout: The Resistance Says It's Exhausted

    Bracing for yet another election against Donald Trump, America's liberals are feeling the fatigue. "We're kind of, like, crises-ed out," one Democrat said.