barber school business plan sample

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Barber Shop Business Plan

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

Industry Overview

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

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

Shop setup parameters.

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

Equipment Resources and Staffing

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

Track your Competitors and Related Industry services

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

Budget for each aspect

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

Chalking Out your Business Plan.

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

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

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

Barber Shop Business Plan Outline

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

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

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Download a sample barber shop business plan

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

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

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

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How to Start a Barber School Business

By: Author Tony Martins Ajaero

Home » Business ideas » Education Industry » Barber School

Do you want to start a barber school? If YES, here is a complete guide to starting a barber school business with NO money and no experience plus a   sample barber school business plan  template.

In case you don’t know, there are loads of opportunities for those who run barber schools in the united states of America. There are countless number of people out there who are trying to acquire barbing skills that will enable them put food on their table, pay their bills and ultimately become their own boss and a barber school is just an ideal place they can get the journey started.

You can be rest assured that your services would always be in demand not only by young people or old people who could not make it to the university or college, but by graduates also who would want to just learn how to barb.

The truth is that if your barber school is well – equipped, staffed and it is government approved, then you may not have to struggle to persuade students to enroll in your school. Even if you don’t have the finance and other requirements for starting a standard barber school, you can come into the industry by teaching people how to barb from your barbing salon.

If you have decided to start a barber school, then you must make sure that you carry out thorough feasibility studies and also market survey. This will enable you properly locate the school in a community or city with the right demography; a location that can readily accept your services.

If you have been pondering on starting your own barber school but do not know how to go about it, then you should consider going through this article; it will give you the needed guide and direction.

Steps to Starting a Barber School Business

1. understand the industry.

The Barber school falls under the trade and technical schools industry and establishments in the trade and technical schools industry comprises of schools that offer training in a wide range of technical subjects and trades. The training offered by trade and technical schools often leads to job-specific certifications.

Instruction may be provided in diverse settings such as the company’s training facilities, the workplace, the home or through distance-learning methods. Key areas in this industry include music schools and musical instrument training, cosmetology and barber schools, flight training, apprenticeship and other technical training.

If you are a keen follower of the Trade and Technical Schools industry in the United States, you will agree that the industry has experienced fluctuations over the last five years due to the recession and stagnant growth in federal funding for such schools.

High unemployment has caused individuals to seek out further education, while employers are increasing their training requirements to remain competitive. Going forward, decreasing unemployment rates combined with the increasing tuition of four-year colleges will both boost enrollments in vocational training.

The Trade and Technical Schools industry that barber shop is a subset of is indeed a large industry and pretty much active in a lot of countries.

Statistics has it that in the United States of America alone, there are about 8,876 registered and licensed (accredited) trade and technical schools scattered all across the United States responsible for employing about 127,260 people and the industry rakes in a whooping sum of $13 billion annually.

The industry grew at -1.1 percent annual growth within 2011 and 2016. It is important to state that there are no establishments in this industry that has a lion market share.

A recent report released by IBISWorld shows that the Trade and Technical Schools industry operates in a countercyclical manner. The report shows that the industry revenue grew significantly as a result slow economic growth over the five years to 2016, but has suffered subsequently.

Sluggish economic activity helped the industry to grow as the unemployed sought professional training to improve their job prospects.

The report further stated that in recent years, the restructuring of the US economy has accelerated. Service industry professions are in higher demand now than ever, while growth in manufacturing continues to fail to impress. As a result, individuals displaced by major economic change are still retooling their skillset.

Owing to the fact that it can be somehow stressful to get government accreditation for a standard barber school in the United States, it will be safe to say the industry is under saturated. It is important to state that entrepreneurs who are into training people in various skills such as how to barb, how to drive, how to play musical instrument, how to cook and how to dance et al can easily be found without stress.

Some of the factors that encourage entrepreneurs to start their own barber’s school despite the fact that the business is challenging could be that the business is profitable, they can easily get funding and support from government and charity organizations, and the business can be started in any part of the world.

Starting a barber’s school requires professionalism and good grasp of the trade and technical schools industry. Besides, you would need to get the required certifications and licenses (accreditations) and also meet the standard for such business before you can be allowed to start a standard barber’s school in the United States.

One good thing about the trade and technical schools industry/barber’s schools is that there is a readily available market for their services. So, if you are well positioned and you know how to impart barbing skills to students, you will always smile to the bank.

2. Conduct Market Research and Feasibility Studies

• Demographics and Psychographics

The demographic and psychographic composition of those who require the services of barber schools cut across individuals and aspiring entrepreneurs who want to acquire the barbing skill set. So, if you are looking towards defining the demographics of your barber’s school, then you should make it all encompassing.

3. Decide Which Niche to Concentrate On

If you have plans of starting a barber’s school, then you have to carve out niche areas that you need to specialize in. This is so because barber schools are a niche area in the trade and technical schools industry.

The Level of Competition in the Industry

Come to think of it, no matter the line of business you decide to pitch your tent, you are still going to compete with others who are into same line of business and the barber school business is not an exemption. If you choose to start a barber school, you will face mild competition because this line of business is still pretty much open to interested entrepreneurs.

The truth is that no matter the level of competition in an industry, if you have done your due diligence and you brand and promote your services properly, you will always make headway in the industry. Just ensure you have what it takes to teach people how to barb and you know how to reach out to your target market.

4. Know Your Major Competitors in the Industry

It is a fact that in every industry, there are always brands that perform better or are better regarded by customers and the general public than others.

Some of these brands are those that have been in the industry for a long time, while others are best known for how they conduct their businesses and the results they have achieved over the years. These are some of the leading barber schools in the United States of America and also in the globe;

• B.I. – American Barber Institute
• The Barber School
• Tribeca Barber School
• American Barber Academy
• Allstate Hairstyling & Barber College
• Southern Arizona Barber College
• Lil Lou’s Beauty & Barber College
• Jay’s Barber School
• Hinton Barber and Beauty College
• Denmark College
• Boise Barber College
• Bennett Career Institute
• Metropolitan Barber Academy
• American College of Barbering
• L A Barber College
• Mid-West Barber College
• Hawaii Institute of Hair Design
• All American Barber Academy
• American College of Hairstyling
• World A Cuts Barber Institute

Economic Analysis

When it comes to starting a barber school, you just have to get your feasibility studies and market research right before venturing into the business. It is good to mention that starting a standard barber’s school is not for rookies; it is for professionals who have successfully gathered the required experience to train people on how to barb.

Starting this kind of business definitely entails that you acquire the required diploma and professional certifications, government approval/accreditation and also build a good working relationship with stakeholders in the industry. If you are already a major player in the trade and technical schools industry or a well – known professional barber before venturing out to start your own barber’s school, this might not be an issue.

Depending on the scale at which you want to start from, you might require as much as multiple thousands of dollars to strike this off and at the same time you might need far less than that if you choose to start the school by training people on just the barbing skill set without any other complimentary skill set.

You will be expected to hire the services of experts that will help you with the economic and cost analysis of the business within the location that you intend launching out. If you get your economic and cost analysis right before launching the business, you may not have to stay long before you break even.

5. Decide Whether to Buy a Franchise or Start from Scratch

When it comes to starting a business of this nature, it will pay you to buy the franchise of a successful and well – established vocational school as against starting from the scratch. Even though it is relatively expensive buying the franchise of an established and accredited vocational school, but it will definitely pay you in the long run.

But if you truly want to build your own brand after you must have proven your worth as a professional barber, then you might just want to start your own barber school from the scratch. Starting from the scratch will afford you the opportunity to conduct thorough market survey and feasibility studies before choosing a location to launch the business.

Please note that most of the big and successful barber schools around started from the scratch and they were able to build a solid business brand. It takes dedication, hard work and determination to achieve business success.

6. Know the Possible Threats and Challenges You Will Face

Please note that if you decide to start your own barber school today, one of the major challenges you are likely going to face is the presence of well – established barber schools, vocational schools and also other related skill acquisition centers who are offering same barbing training that you intend offering. The only way to avoid this challenge is to create your own market.

Some other threats that you are likely going to face as a barber school operating in the United States are unfavorable government policies and global economic downturn which may affect your business. There is hardly anything you can do as regards these threats other than to be optimistic that things will continue to work for your good.

7. Choose the Most Suitable Legal Entity (LLC, C Corp, S Corp)

If you are considering starting a barber school, the legal entity you choose will go a long way to determine how big the business can grow; some barber schools design their schools for regional/community market, some for national market, while others for international market via franchising and online tutorial.

You can either choose a general partnership or limited liability company or even sole proprietorship for your barber school. Ordinarily, sole proprietorship should have been the ideal business structure for a small – scale barber school especially if you are just starting out with moderate startup capital and only offering barbing training.

But if your intention is to grow the business into a standard vocational school that offers various skill sets and have students from all across the United States of America and other countries of the world, then choosing sole proprietorship is not an option for you. Limited Liability Company will cut it for you.

Setting up an LLC protects you from personal liability. If anything goes wrong in the business, it is only the money that you invested into the limited liability company that will be at risk. It is not so for general partnerships. Limited liability companies are simpler and more flexible to operate and you don’t need a board of directors, shareholder meetings and other managerial formalities.

These are some of the factors you should consider before choosing a legal entity for your barber’s school; limitation of personal liability, ease of transferability, admission of new owners, investors’ expectation and of course taxes. If you take your time to critically study the various legal entities available for your barber school, you will agree that limited liability company is most suitable.

You can start this type of business as limited liability company and in future convert it to a ‘C’ corporation or an ‘S’ corporation especially when you have the plans of going public.

Upgrading to a ‘C’ corporation or ‘S’ corporation will give you the opportunity to grow your barber school so as to compete with major players in the industry; you will be able to generate capital from venture capital firms, you will enjoy separate tax structure, and you can easily transfer ownership of the company.

8. Choose a Catchy Business Name

When it comes to choosing a name for a business, it is expected that you should be creative because whatever name you choose for your business will go a long way to create a perception of what the business represents.If you are considering starting your own barber school, here are some catchy names you can choose from;

• Hope Alive Barber College
• Riverside Professional Barbing Institute
• Harry Gray Barbing College
• Eastern Regional Barbing College
• Grace Capital Barber’s Academy
• Bay Path Regional Vocational Technical High School
• Cross-County Regional Vocational Technical Institute
• Richmond Valley Professional Barbing Training School
• Headmaster Barbing and Hair Stylist Schools
• Scissors Cut Barber School

9. Discuss with an Agent to Know the Best Insurance Policies for You

In the United States of America and in most countries of the world, you can’t operate a business without having some of the basic insurance policy covers that are required by the industry you want to operate from. So, it is imperative to create a budget for insurance policy covers and perhaps consult an insurance broker to guide you in choosing the best and most appropriate insurance policies for your barber’s school.

Here are some of the basic insurance policy covers that you should consider purchasing if you want to start your own barber’s school in the United States of America;

• General insurance
• Financial reinsurance
• Health insurance
• Liability insurance
• Workers Compensation
• Overhead expense disability insurance
• Business owner’s policy group insurance

10. Protect your Intellectual Property With Trademark, Copyrights, Patents

If you are considering starting your own barber school, usually you are required to file for intellectual property protection/trademark. This is so because the nature of the business makes it possible for you to challenge organizations and individuals in court for illegally making use of your company’s intellectual properties such as course work and training manuals et al.

11. Get the Necessary Professional Certification

Asides from the results you produce as it relates to training your students to become professional barbers, professional certification is one of the main reasons why some barber schools stand out. If you want to make an impact in the trade and technical schools industry, you should work towards acquiring all the needed certifications in your area of specialization.

Certification validates your competency and shows that you are highly skilled, committed to your career and up-to-date in the market. These are some of the certifications you can work towards achieving if you want to run your own barber school;

• Certified Technical Skill Trainer
• Certification in a Niche Area (Trade and Technical Vocation)
• Licensed Professional Barber
• Certified Barber/Hair Stylist
• Degree or Diploma in Trade Related Courses

Please note that you cannot successfully run a barber school in the United States and in most countries of the world without necessarily acquiring professional certifications and business license even if you have adequate experience cum background in the trade and technical schools industry.

12. Get the Necessary Legal Documents You Need to Operate

The essence of having the necessary documentation in place before launching a business in the United States of America cannot be overemphasized especially a training school business. It is a fact that you cannot successfully run any business in the United States without the proper documentations.

If you do, it won’t be too long before the long hand of the law catches up with you. These are some of the basic legal documents that you are expected to have in place if you want to legally run your own barber school in the United States of America;

• Certificate of Incorporation
• Federal Tax Payer’s ID
• State Permit
• Accreditation Letter
• Business License and Certification
• Business Plan
• Education/Training Curriculum
• Employment Agreement (offer letters)
• Operating Agreement for LLCs
• Insurance Policy
• Consulting contract documents
• Online Terms of Use
• Online Privacy Policy Document
• Apostille (for those who intend operating beyond the United States of America)
• Company Bylaws
• Memorandum of Understanding (MoU)

13. Raise the Needed Startup Capital

Aside from the required certifications and hands-on experience, starting a barber school can be cost effective especially when compared to starting a standard vocation school that offers various trainings.

Securing a standard school facility in a good business district, equipping the school with the needed training instruments, equipment and tools and paying your employees are part of what will consume a large chunk of your startup capital.

When it comes to financing a business, one of the first things you should consider is to write a good business plan . If you have a good and workable business plan document in place, you may not have to labor yourself before convincing your bank, investors and your friends to invest in your business or to partner with you. Here are some of the options you can explore when sourcing for startup capital for your barber school;

• Raising money from personal savings and sale of personal stocks and properties
• Raising money from investors and business partners
• Applying for Loan from your Bank
• Source for soft loans from your family members and your friends

14. Choose a Suitable Location for your Business

Barber schools require that you see physically with your clients (students) hence it must be located in good location; a location that is prone to both human and vehicular traffic and a location that is at the epicenter of an educational environment if indeed you want to enroll loads of students and maximize profits from the business.

If you have taken your time to study the trade and technical schools industry, you will realize that barber schools and related skill acquisition centers are willing to pay expensive rents in order to stay in a busy educational district; a place where there are loads of students.

It cannot be overemphasized that the location you chose to open your barber school is key to the success of the business , hence entrepreneurs are willing to rent or lease a facility in a visible location; a location where the demography consists of people and businesses with the required purchasing power and lifestyle.

Of course, you would not want to locate this type of business in the outskirt of town. Your students should be able to drive down and locate your school facility with little or no difficulty. Vendors also should be able to easily locate your school facility when they have to come submit their bid/proposals, documents or for background checks et al.

Most importantly, before choosing a location for your barber school, ensure that you first conduct a thorough feasibility studies and market survey.

The possibility of you coming across similar vocational school that just closed shop in the location you want to open yours can’t be ruled out. These are some of the key factors that you should consider before choosing a location for your barber’s school;

• The demography of the location
• The demand for the barbing skill acquisition in the location
• The purchasing power of the residents of the location
• Accessibility of the location
• The number of barber schools, vocational schools and related skill acquisition center in the location
• The local laws and regulations in the community
• Traffic, parking and security

15. Hire Employees for your Technical and Manpower Needs

On the average, there are no special technologies or equipment needed to run a barber school except for the needed clippers, sterilizers, scissors and other tools that the students will need for practical sessions. You will also need computers, internet facility, telephone, fax machine and office furniture (chairs, tables, and shelves).

These machines, equipment, tools and instrument can be purchased as fairly used especially if you have limited finance to meet your budget.

When it comes to choosing between renting and leasing a facility for a barber school, the size of the school you want to build, and your entire budget should influence your choice. If you have enough capital to run a standard barber school or vocational school that offer various trade and technical courses, then you should consider the option of leasing a facility for your school.

As regards the number of employees that you are expected to kick start the business with, you would need to consider your finance before making the decision.

Averagely, you would need a Chief Executive Officer/Principal Partner, School Administrator, Instructors/Coaches, Business Developer, Accountant (Bursar), Customer Service Executive/Front Desk Officer. You would need a minimum of 5 to 10 key staff to effectively run a medium scale but standard barber school.

The Service Delivery Process of the Business

Barber schools and skill acquisition centers are established with the aim of teaching students technical and trade skill set . A student is expected to enroll in a barber school to learn how to barb, become a professional barber and perhaps set up a barbing salon business.

After the full training which may last for 3 months or more, graduation ceremonies are organized for students and certificates are awarded.

16. Write a Marketing Plan Packed with ideas & Strategies

As a barber school owner, you would have to prove your worth over and over again before attracting students to your school. So, if you have plans to start your own barber school, it will pay you to first build a successful career as a professional barber.

People and organizations will only enroll in your barber school or hire your services to train their members if they know that they are going to get the required barbing skill set they want.

So, when you are drafting your marketing plans and strategies for your barber school, make sure that you create a compelling personal and company profile.

Aside from your qualifications and experience, it is important to clearly state in practical terms what you have been able to achieve in time past as it relates to the trade and technical schools industry and the organizations you have trained in time past.

This will help boost your chances in the market place when sourcing for students and corporate clients. Here are some of the platforms you can utilize to market your barber school;

• Introduce your business by sending introductory letters alongside your brochure to all the high school leavers, aspiring entrepreneurs and households within and outside the city you are operating who have the capacity to pay for your services
• Advertise your barber school in relevant magazines, radio and TV stations
• List your barber school on local directories/yellow pages
• Attend international vocational education expos, seminars, and business fairs et al
• Create different packages for different category of students and clients in order to work with their budget
• Leverage on the internet to promote your barber school
• Engage the services of marketing executives and business developers to carry out direct marketing for you

17. Work Out a Reasonable Pricing for your Services & Products

One key factor that will help you offer your barbing training services at a price that is highly attractive is to ensure that you source your startup capital from sources that won’t put pressure on you or give you high interest rate. So also, it is important that you purchase your training equipment, tools, instruments and materials directly from the manufacturers or from wholesale distributor.

If need be, you can purchase these equipment, tools, machines and instruments from fairly used market. It will still save you some bucks.

Another strategy that will help you offer your barbing training services at the right price is to ensure that you cut operational cost to the barest minimum and channel your efforts towards marketing and promoting your brand name. Aside from the fact that this strategy will help you save cost, it will also help you get the right pricing for your products and services.

18. Develop Strategies to Boost Brand Awareness and Create a Corporate Identity

If you are in business and you are not deliberate about boosting you brand awareness and communicating your corporate identity, then you should be ready to take on whatever the society portray your business to be. One of the secret of larger corporations is that they are willing to spend fortunes to boost their brand awareness and to continue to communicate their corporate identity the way they want people to see them.

If your intention of starting a vocational school is to grow the school beyond the city where you are going to be operating from to become a national and international brand, then you must be ready to spend money on promotion and advertisement of your brand.

In promoting your brand and corporate identity, you should leverage on both print and electronic media and also social media (the internet).

As a matter of fact, it is cost effective to use the internet and social media platforms to promote your brands, besides it is pretty much effective and wide reaching. Below are the platforms you can leverage on to boost your brand and to promote and advertise your barber’s school;

• Place adverts on vocational related magazines and newspapers, radio and TV stations
• Encourage the use of word of mouth publicity from your loyal customers
• Leverage on the internet and social media platforms like YouTube, Instagram, Facebook, Twitter, LinkedIn, Snapchat, Google+ and other platforms to promote your barber school
• Ensure that you position your banners and billboards in strategic positions all around your city
• Distribute your fliers and handbills in target areas in and around our neighborhood
• Advertise your barber school in your official website and employ strategies that will help you pull traffic to the site
• Brand all your official cars and ensure that all your staff members and management staff wears your branded shirt or cap at regular intervals

Related Posts:

• Barber School Business Plan [Sample Template]
• 50 Best Free Grants to Pay for Barber School [How to Apply]
• How Much Does It Cost to Start a Barber School?
• 13 Best Barber Schools That Accept Financial Aid

Barber shop business plan template + PDF

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

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

How this barber shop business plan sample was created

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

Barber shop business plan sample

Executive summary, business description, market research and analysis, swot analysis.

• Organizational Structure and Management Team

Products or Services

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Organizational Structure and Management

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Operational Workflow:

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

Production/Service Delivery Processes:

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

Quality Control Measures:

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

Inventory Management:

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

Supply Chain Management:

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

Facilities and Equipment Needs:

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

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

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

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

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

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

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

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

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Barbershop Business Plan PDF Example

• February 28, 2024
• Business Plan

Creating a comprehensive business plan is crucial for launching and running a successful barbershop. This plan serves as your roadmap, detailing your vision, operational strategies, and financial plan. It helps establish your salon’s identity, navigate the competitive market, and secure funding for growth.

This article not only breaks down the critical components of a barbershop business plan, but also provides an example of a business plan to help you craft your own.

Whether you’re an experienced entrepreneur or new to the beauty industry, this guide, complete with a business plan example, lays the groundwork for turning your barbershop concept into reality. Let’s dive in!

Our barbershop business plan adopts a clear and straightforward structure, addressing all critical elements necessary for a comprehensive business plan. This plan outlines the operational framework, strategic direction, market analysis , competitive positioning, management structure, and financial projections.

• Executive Summary : A brief overview of your barbershop’s concept, market positioning, management team, and financial summary.
• Salon & Location : Describes the barbershop’s setup, ambiance, and strategic location for optimal client access.
• Treatments & Pricing : Lists the grooming services offered, including haircuts, shaves, and pricing strategies.
• Key Stats : Presents industry size, growth trends, and relevant statistics for the barbershop sector.
• Key Trends : Identifies current trends influencing the grooming industry, such as customer preferences and technological advancements.
• Key Competitors : Reviews the primary competition in the area and how your barbershop compares and excels.
• SWOT : Assesses strengths, weaknesses, opportunities, and threats.
• Marketing Plan : Outlines the approach to attract and retain customers.
• Timeline : Sets forth significant milestones and goals from startup through the first year of operation.
• Management : Introduces the leadership team, their roles, experiences, and how they contribute to the barbershop’s success.
• Financial Plan : Forecasts the barbershop’s financial performance over the next five years, detailing revenue, profit expectations, and investment needs.

Barbershop Business Plan

Fully editable 30+ slides Powerpoint presentation business plan template.

Download an expert-built 30+ slides Powerpoint business plan template

Executive Summary

The Executive Summary serves as an introduction to your barbershop’s business plan, presenting a succinct overview of your establishment and the services it will offer. It needs to outline your market positioning, the variety of grooming services available, its location, dimensions, and a snapshot of its operational model.

This segment should also examine how your barbershop will fit into the local marketplace, identifying the number of direct competitors in the vicinity, who they are, and what sets your barbershop apart from these competitors with unique selling propositions.

In addition, information about the management and founding team should be included, specifying their roles and how they contribute to the barbershop’s success. A summary of financial projections, focusing on expected revenue and profit margins over a 5-year period, should also be part of this section to give a clear forecast of your barbershop’s financial plan.

Make sure to cover here _ Business Overview _ Market Overview _ Management Team _ Financial Plan

Dive deeper into Executive Summary

Business Overview

For a Barbershop, the Business Overview section includes 2 main slides:

Barbershop & Location Describe the atmosphere and design of your barbershop, emphasizing the elements that make it appealing and comfortable for clients, such as the chair setup, decor, and any unique features that set your barbershop apart. Highlight the location’s strategic advantages, focusing on how its accessibility and visibility help attract your target clientele. Mention key benefits like easy access, parking, or its position in a busy area to underline the convenience for customers.

Services & Pricing Detail the range of grooming services offered, including haircuts, shaves, beard trims, and any additional treatments that differentiate your barbershop. Outline your pricing strategy , ensuring it’s competitive yet reflects the quality and value of your services. Introduce any loyalty programs, packages, or promotions that aim to build a regular customer base and enhance the overall client experience at your barbershop.

Make sure to cover here _ Salon & Location _ Treatments & Pricing

Market Overview

In the Market Overview of your barbershop business plan, begin by outlining the barbershop industry’s current market size and its potential for growth. This will give you an insight into the overall demand and future opportunities within the male grooming sector.

Next, address recent trends in the market, such as the increasing preference for specialized grooming services, the resurgence of traditional barbering techniques, and the growing demand for premium grooming experiences. For example, highlight the popularity of bespoke haircuts, beard trims, and other grooming services tailored to individual styles and preferences.

Then, assess the competitive landscape, which includes traditional barbershops, modern grooming salons, and at-home grooming service providers. For example, distinguish your barbershop by focusing on what sets it apart, such as a unique blend of traditional and contemporary grooming services, the expertise of your barbers, or a strong community presence. This overview will clarify the demand for barbershop services, outline the competition, and illustrate how your barbershop uniquely fits into the broader grooming market.

Make sure to cover here _ Industry size & growth _ Key competitors _ Key market trends

Dive deeper into Key competitors

First, conduct a SWOT analysis for the barbershop, pinpointing Strengths (such as skilled barbers and a strong brand identity), Weaknesses (including high operational costs or substantial competition), Opportunities (for instance, a growing appreciation for grooming among men), and Threats (such as economic fluctuations that may limit consumer spending on grooming services).

Next, develop a marketing strategy that details methods to attract and retain clients through targeted advertising, loyalty programs, engaging social media content, and community event participation.

Finally, establish a detailed timeline that outlines key milestones for the barbershop’s opening, marketing initiatives, client base expansion, and growth plans, ensuring the business progresses with clear direction and purpose.

Make sure to cover here _ SWOT _ Marketing Plan _ Timeline

Dive deeper into SWOT

Dive deeper into Marketing Plan

The Management section focuses on the barbershop’s management and their direct roles in daily operations and strategic direction. This part is crucial for understanding who is responsible for making key decisions and driving the salon towards its financial and operational goals.

For your barbershop business plan, list the core team members, their specific responsibilities, and how their expertise supports the business.

Financial Plan

The Financial Plan section is a comprehensive analysis of your financial projections for revenue, expenses, and profitability. It lays out your barbershop’s approach to securing funding, managing cash flow, and achieving breakeven.

This section typically includes detailed forecasts for the first 5 years of operation, highlighting expected revenue, operating costs and capital expenditures.

For your barbershop business plan, provide a snapshot of your financial statement (profit and loss, balance sheet, cash flow statement), as well as your key assumptions (e.g. number of customers and prices, expenses, etc.).

Make sure to cover here _ Profit and Loss _ Cash Flow Statement _ Balance Sheet _ Use of Funds

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Privacy overview.

Barber Shop Business Plan Template

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

Over the past 20+ years, we have helped over 7,000 entrepreneurs and business owners create business plans to start and grow their barber shops.

Below are links to each section of your barbershop business plan template:

Next Section: Executive Summary >

Barber Shop Business Plan FAQs

• What Is the Easiest Way to Complete My Barber Shop Business Plan?
• Growthink’s Ultimate Business Plan Template allows you to quickly and easily complete your Barber Shop Business Plan.
• What Is a Barbershop Business Plan?
• A solid business plan provides a snapshot of your barber shop as it stands today, and lays out your growth plan for the next five years. It explains your business goals and your strategy for reaching them. It also includes a marketing plan and market research to support your plans. Your plan should also include a full financial model including income statement, cash flow statement and balance sheets.
• Why Do You Need a Business Plan for a Barber Shop?
• If you’re looking to start a barber shop or grow your existing barber shop you need a business plan. A successful business plan will help you raise funding, if needed, and plan out the growth of your barber shop in order to improve your chances of success. Your own barber shop business plan is a living document that should be updated annually as your company grows and changes.
• What Are the Sources of Funding for a Barber Shop?

The second most common form of funding for a barber shop is personal savings. Other funding options are credit cards, crowdfunding and angel investors. Angel investors are wealthy individuals who will write you a check. They will either take equity in return for their funding, or, like a bank, they will give you a loan.

Start Your Barber Shop Plan Here

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

Barber Shop Business Plan Template [Updated 2024]

Barber Shop Business Plan Template

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

The following barber shop business plan template gives you the key elements to include in a winning barber shop business plan.

You can download our Business Plan Template (including a full, customizable financial model) to your computer here.

Below are links to each of the key sections of a successful Barber Shop business plan. Once you create your plan, download it to PDF to show banks and investors.

I. Executive Summary II. Company Overview III. Industry Analysis IV. Customer Analysis V. Competitive Analysis VI. Marketing Plan VII. Operations Plan VIII. Management Team IX. Financial Plan

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Barber Shop Plan Outline

Barber Shop Business Plan Home I. Executive Summary II. Company Overview III. Industry Analysis IV. Customer Analysis V. Competitive Analysis VI. Marketing Plan VII. Operations Plan VIII. Management Team IX. Financial Plan

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How to write a business plan for your 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.

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.

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

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.

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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..

It also helps to include a vision statement so that readers can understand what type of company you want to build.

2. Products & Services Offered by Your Barber Shop Business.

When you think about the products and services that you offer, it's helpful to ask yourself the following questions:

3. Build a Creative Marketing Stratgey.

If you don't have a marketing plan for your barber shop business, it's time to write one. Your marketing plan should be part of your business plan and be a roadmap to your goals. 

Target market

Customer base , product or service description, competitive analysis, marketing channels, form an llc in your state, 4. write your operational plan., what equipment, supplies, or permits are needed to run a barber shop business.

<ul> <li>Barber license</li> <li>Barber chair and accessories</li> <li>Hair cutting tools (scissors, trimmers, clippers, etc.)</li> <li>Hair styling products (gels, sprays, waxes, etc.)</li> <li>Sanitizing supplies (sanitizer, bleach, disinfectant wipes, etc.)</li> <li>Storage furniture (cabinets and shelves) for supplies and products </li> <li>A till or cash register to take payments <

5. Management & Organization of Your Barber Shop Business.

6. barber shop business startup expenses & captial needed..

This section should be broken down by month and year. If you are still in the planning stage of your business, it may be helpful to estimate how much money will be needed each month until you reach profitability.

Running costs refer to ongoing expenses related directly with operating your business over time like electricity bills or salaries paid out each month. These types of expenses will vary greatly depending on multiple variables such as location, team size, utility costs, etc.

7. Financial Plan & Projections

A financial plan is an important part of any business plan, as it outlines how the business will generate revenue and profit, and how it will use that profit to grow and sustain itself. To devise a financial plan for your barber shop business, you will need to consider a number of factors, including your start-up costs, operating costs, projected revenue, and expenses. 

Frequently Asked Questions About Barber Shop Business Plans:

Why do you need a business plan for a barber shop business.

A business plan for a barber shop business is important for several reasons. First, it provides a comprehensive overview of the business and its goals. It can also help to inform any potential investors or lenders of the barber shop’s projected success, as well as provide a roadmap for how the owner intends to bring their vision to life. Additionally, it can help the business owner stay organized and on track when it comes to managing operations such as finances, marketing, staffing, and customer service. Finally, a good business plan serves as a reference document in case of any legal ramifications or disputes.

Who should you ask for help with your barber shop business plan?

Can you write a barber shop business plan yourself.

Writing a business plan for any company can be a daunting task, and writing a barber shop business plan is no different. However, with the right research, knowledge of the industry and guidance, it is possible to write a successful business plan yourself. Taking the time to create a thorough, well-thought-out plan will give your barber shop the best chance of success in the long run. It is important to start by researching the barber shop industry and competitors in your area. This research should include looking at your local market and trying to determine if there is a need for your services. Additionally, it is helpful to analyze current trends in the industry and best practices for setting up and running a successful barber shop. Your business plan should include an executive summary that covers the main points of your plan in an easy to understand way. This summary should include an overview of what services you will offer, who your target customers are, what differentiates you from competitors, how you will market and promote your services, overhead costs associated with running your business, and when you anticipate turning a profit. In addition to the executive summary, you should also include detailed sections that outline more specific aspects of running a barber shop such as pricing structure, equipment needs and staffing requirements. Finally, be sure to include financial projections that are based on realistic assumptions about future revenue and expenses. Overall, writing a business plan for a barber shop can be complex but following these steps can help ensure that you have all of the necessary information needed to create an effective plan.

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I'm Nick, co-founder of newfoundr.com, dedicated to helping aspiring entrepreneurs succeed. As a small business owner with over five years of experience, I have garnered valuable knowledge and insights across a diverse range of industries. My passion for entrepreneurship drives me to share my expertise with aspiring entrepreneurs, empowering them to turn their business dreams into reality.

Through meticulous research and firsthand experience, I uncover the essential steps, software, tools, and costs associated with launching and maintaining a successful business. By demystifying the complexities of entrepreneurship, I provide the guidance and support needed for others to embark on their journey with confidence.

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Barbershop Business Plan 101: A Comprehensive Guide for Success

• April 7, 2023
• For Salon Owners

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.

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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.

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.

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?

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 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.

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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 today’s competitive grooming industry, your plan should clearly express your shop’s unique value proposition and how it will meet the needs of your target market.

A concise, well-articulated business plan establishes a solid foundation for your barber shop, detailing service offerings, marketing strategies, staffing, and budget. By demonstrating thorough market research and a clear understanding of your niche, your barber shop business plan will set the stage for a successful venture, enticing investors and garnering a loyal customer base.

The Need For A Solid Business Plan

Starting a successful barber shop begins with a strong foundation. That foundation is your business plan. Think of it as your road map to success. It shows that you understand your business and can make it work.

Importance In Securing Funding

Let’s talk money. To open your barber shop, you need funds. Banks and investors want to see your business plan. A well-crafted plan proves your idea is worth their money. It’s your pitch to get cash to start your dream shop.

• Show how you’ll make money
• List your expenses
• Explain why your shop will succeed

Blueprint For Success

A solid business plan is your path to win. It guides your steps from start to big growth. Every part of your plan tells you what to do next. It keeps your barber shop on track to reach your goals.

• Set clear milestones
• Plan your budget
• Mark your growth steps

Getting Started With Market Research

Every successful business plan begins with thorough market research. The backbone of a thriving barber shop rests on understanding the landscape. Discovering who needs your services, where they live and work, and what they expect from a barber can set you apart from the competition. Let’s dive into the first steps of market research to position your barber shop for success.

Analyzing Potential Locations

Choosing the right location is essential. It’s not only about the foot traffic; it’s also about the right kind of foot traffic. Consider these factors:

• Accessibility : Is your shop easy to find and reach?
• Visibility : Can people easily see your shop from the street?
• Neighborhood : Does the area match your shop’s vibe?

Understanding Your Target Demographic

A clear image of your ideal customer shapes your business plan. Survey the community to gather data:

• Age range of potential customers
• Preferences in styles and services
• Price sensitivity and spending habits

Use this data to tailor your services to match your customers’ needs.

Studying Competitors

Know who you’re up against. List down local barber shops and study them: More rows can be added as necessary

Identify gaps in their offerings that your barber shop can fill. Use this insight to gain a competitive edge.

Services And Operations

Your barber shop’s success starts with the services you offer and how your shop operates . A detailed look into the services and overall operations sets the stage for customer satisfaction and business efficiency. Let’s dive into crafting the perfect service menu, designing a shop that works for you, and stocking up on the essentials.

Selecting Your Service Menu

To stand out, tailor your service menu to your customers’ needs . It’s not just about haircuts; think about shaves, trims, and possibly even spa-like amenities. Here’s a quick guide:

• Research local trends and demographics
• Determine core services most barber shops offer
• Consider unique offerings to differentiate your shop
• Set competitive but profitable pricing

Designing An Efficient Shop Layout

An organized space provides a seamless experience. Optimize each square foot for best service flow . Key points to think about:

• Placement of barber chairs for easy access and movement
• Waiting area comfort and entertainment
• Product display for maximum visibility
• Privacy for services that require extra space

Equipment And Supply Essentials

Quality equipment is a must for any professional barber shop. Invest in durable and high-performing tools to ensure customer satisfaction and repeat business. Your checklist should include:

Ensure you consistently restock supplies like capes, neck strips, shaving cream, and aftershave products. Your commitment to quality will pay off in client loyalty and positive word-of-mouth.

Crafting Your Brand Identity

Crafting your brand identity lays the foundation for your barber shop’s success. Like the sharp edge of your scissors, your brand cuts a memorable image into the public’s mind. It stands for who you are, what you offer, and how you differ from the crowd. Let’s give your brand the style and presence it needs to turn heads and draw clients in.

Choosing A Name And Logo

Your barber shop’s name is its first handshake with the world. It needs to be firm, friendly, and unforgettable. Selecting a name involves creativity and strategic thinking. Make sure it reflects your services, culture, and unique selling points. Next, design a logo that serves as the face of your brand. The logo should capture your shop’s essence at a glimpse. Bold, clear, and scalable are key qualities—it must look sharp on everything from a storefront sign to a tiny mobile screen.

Creating A Marketing Strategy

A solid marketing strategy puts your brand on the local map. It involves careful planning and an understanding of your target market. Start by profiling your ideal clientele. Remember, demographics like age, lifestyle, and fashion preferences shape your marketing voice and channels. Use social media, local advertising, and community events to spread the word. Always consider what makes your brand the go-to destination for a trim or a shave. Create promotions and content that highlight your unique offerings and the experience customers can expect.

Financial Planning

Welcome to the crucial chapter of crafting your barber shop’s business plan: Financial Planning . Every successful venture requires a robust financial blueprint. It’s the core of your business’s health and sustainability. Let’s break down the financial planning into clear, practical steps ensuring your barber shop flourishes.

Determining Start-up Costs

Knowing your initial investment is key to a smooth launch. List all necessary expenses before the grand opening. Think about:

• Rent deposits and utility set ups
• Barber chairs and styling tools
• Inventory like shampoos and conditioners
• Permits, licenses , and insurance costs
• Branding and marketing materials

Compile these into a comprehensive list. Consider a table for clarity.

Forecasting Revenue And Expenses

Equally critical is projecting future cash flows. Create monthly projections for at least the first year. This includes:

• Service revenues, like haircuts, shaves, and trims
• Product sales, such as grooming products
• Regular expenses, including rent, utilities, and salaries

Use realistic growth rates for precision. A spreadsheet can be your ally here, presenting data clearly.

Setting Prices Strategically

Establishing the right price points is vital. Research competitors and understand the market. Your prices must:

• Cover costs, ensuring sustainability
• Provide value, key to customer satisfaction
• Be competitive, to attract and keep clients

Consider special offers to kickstart business. Remember, flexibility helps to adjust as you learn more about your customers’ preferences.

Legal Considerations And Compliance

Starting a barbershop requires more than just scissors and combs. A strong understanding of legal requirements is vital. This ensures your business runs smoothly without hiccups from regulatory bodies. We will guide you through acquiring the necessary licenses, permits, and adhering to health and safety regulations.

Required Licenses And Permits

Kicking off your barbershop begins with the right paperwork. Licensing requirements vary by location. Be sure to check with your city or county clerk’s office. They can guide you on specific requirements for your area. Generally, you will need:

• A business license to legally operate.
• A barber’s license for each employee, proving they are qualified.
• Specific permits, such as a sign permit or a building permit if you plan to alter your space.
• A seller’s permit if you plan to sell grooming products.

Ensure every license and permit is up to date to avoid penalties.

Navigating Health And Safety Regulations

Barbershops need to prioritize client safety. This means staying informed on state and federal health regulations. Key areas include:

• Sanitation practices, ensuring all tools and surfaces are disinfected.
• Safe disposal of hazardous materials like used razor blades.
• Regular health inspections, showcasing cleanliness and compliance.
• Occupational Safety and Health Administration (OSHA) guidelines for employee safety.

Build a checklist to regularly audit your shop for compliance. Training staff on these practices is equally important.

Building A Winning Team

A barbershop thrives on the skills and camaraderie of its team. Understand that the level of service provided will be a direct reflection of the quality and harmony among your team members. This segment delves into the essentials of building a team that not only delivers expert haircuts but also fosters an environment of mutual respect and shared growth.

Hiring Qualified Barbers

Finding the right talent is crucial to the success of your barbershop. Start by laying out the qualifications you seek such as certifications, experience, and expertise in latest hair trends.

Utilize job boards, social media, and barbering schools to reach potential candidates . Conduct interviews that assess both skill level and personality fit to ensure a cohesive team.

Fostering A Positive Work Culture

Once you’ve hired qualified barbers, creating a nurturing work environment becomes key. A positive culture increases job satisfaction, reduces turnover, and keeps your team motivated.

• Implement regular team meetings for open communication.
• Encourage ongoing education to advance skills.
• Recognize and reward hard work to boost morale.

Remember to promote team bonding through events or outings. Such initiatives encourage your staff to work well together, which in turn attracts a loyal customer base.

Launching Your Barber Shop

The big day is drawing near! After months of preparation, your barber shop is almost set to open its doors. To ensure a successful launch, it’s crucial to create excitement and draw in the crowds. A grand opening and smart use of social media can set the stage for your shop’s future success. Let’s explore these pivotal steps.

Planning A Grand Opening

• Select a date that avoids major holidays and local events.
• Organize live music or entertainment to attract attention.
• Offer special promotions like discounted cuts or free samples.
• Create engaging flyers and distribute them locally.
• Partner with local businesses for cross-promotion.

Remember to capture attendees’ contact info. It helps in customer follow-ups.

Leveraging Social Media

• Post teasers of your shop’s interior and services offered.
• Showcase before and after images of haircuts.
• Announce your grand opening with an eye-catching event page .
• Use hashtags relevant to your local community and services.
• Engage with followers by conducting polls and Q&A sessions .

Regular updates can keep the buzz alive even after the grand opening. Consistent posting helps maintain interest.

Planning For Growth And Sustainability

Designing the future of a barber shop means careful planning. Success depends on loyal customers, modern services, and possibly new locations. A good business plan acts like a roadmap. It helps barber shop owners expand while maintaining quality service. Let’s dive into ways to retain clients and explore service and location expansion methods.

Retaining Clients And Building Loyalty

Customers are the heart of any barber shop. Keeping them coming back requires excellent service, a personal touch, and rewards. Consider these strategies:

• Membership Programs: Offer discounts to regular visitors.
• Referral Incentives: Encourage word-of-mouth promotion.
• Quality Experience: Ensure every visit is memorable.
• Feedback Loops: Use customer opinions to improve.

Expanding Services And Locations

Growth is more than just increasing revenue. It’s about shaping the business for the future. Expansion should align with customer needs and market trends. Observe these steps:

• Analyze Market Trends: Stay updated with new styles and services.
• Upgrade Skills: Train staff in the latest techniques.
• Diversify Offerings: Add services like hair treatments and grooming products.
• Evaluate Demographics : Understand the locals before opening new shops.
• Strategic Location: Choose new shop sites wisely.

Planning empowers a barber shop to thrive long-term. Remember, steady growth ensures survival and success.

Frequently Asked Questions

How to start a barbering business.

Gain knowledge in barbering and obtain the necessary certifications. Develop a solid business plan including location, services, and budget. Secure financing through savings or loans. Obtain the required licenses and insurance. Finally, set up your shop, hire skilled staff, and launch marketing campaigns to attract clients.

How Do I Start A Simple Barber Shop?

Starting a barber shop involves five essential steps: research local regulations, create a business plan, secure financing, find the perfect location, and purchase necessary equipment. Obtain relevant licenses, hire skilled barbers, and promote your shop effectively for success.

How Do I Start A Successful Barber Shop?

To launch a successful barber shop, create a solid business plan, obtain necessary licenses, choose a high-traffic location, hire skilled barbers, and implement an effective marketing strategy to attract and retain customers.

What Are The Business Models Of Barbershop?

Barbershop business models typically include traditional walk-ins, membership or subscription-based services, chair rental agreements, and franchise operations. These models cater to various customer preferences and barber entrepreneurship styles.

Crafting a solid business plan is the cornerstone of launching a successful barber shop. By thoughtfully following this comprehensive guide, aspiring entrepreneurs gain clarity and direction. Remember, this roadmap is more than a formality—it’s the blueprint for your barber business dream.

Now, turn those detailed steps into your brand’s reality and start snipping your way to success.

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Barber Shop Business Plan Template

Written by Dave Lavinsky

Business Plan Outline

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

Start Your Barber Shop Plan Here

Barber Shop Executive Summary

Business overview.

Regal Men Barber Shop is a locally owned and operated new barber shop located in Minneapolis, Minnesota. It is owned by local barber Maxwell Jackson, a community favorite who will provide professional and stylish haircuts to men of all ages. Regal Men Barber Shop will be located in a highly-trafficked strip mall on one of Minneapolis’ busiest streets. Maxwell chose that location because it will be convenient for a man to drop off his laundry and walk over to the barber shop for a haircut while they wait for their laundry. Because it is located next to a gym, someone can stop in for a haircut before or after their workout. The current location is already a barber shop that was owned by Maxwell’s former employer. The former owner has retired, and Maxwell will reopen the location as his own newly-branded and updated barber shop that is in need of an update and renovation.

Regal Men Barber Shop will provide haircuts, fades, designs, shampoos, hot towel shaves, and beard trimming. His barber shop will consist of six chairs for other barbers to rent, 2 shampoo stations, and a comfortable waiting area. The razors, scissors, and combs will be thoroughly cleaned after each use, and the towels used will always come out warm and fresh. Not only is he an expert at cutting hair, Maxwell is well-known for providing the best hot shave in town.

Product Offering

The following are the services to be offered by Regal Men Barber Shop:

• Hot towel shaves
• Beard trimming
• Senior citizen cuts (62 and over)
• Kids cuts (10 and under)

Customer Focus

Regal Men Barber Shop will target men of all ages. His loyal clients range from young high school or college students, blue collar, white collar, and senior citizens. He also provides boys haircuts as lots of fathers bring their sons to get a haircut with them.

Management Team

Regal Men Barber Shop will be owned and managed by Maxwell Jackson. He will not have any employees, but rather the other barbers will be independent contractors and pay a monthly rent to Maxwell for the use of their dedicated barber station and chair.

Maxwell will be in charge of paying the rent, utilities, and all necessary supplies for the barber shop. He will use a local CPA to do his tax filings and licensing. His nephew will be paid to create a professionally designed website and manage the SEO presence.

Success Factors

Regal Men Barber Shop is primed for success by offering the following competitive advantages:

• Friendly, and attentive staff trained to be able to provide the best customer service experience possible.
• Comprehensive menu of services for a polished and regal look.
• Trained barbers that are up-do-date with the trendiest cuts and services.
• Cost-effective pricing that rivals the competition without sacrificing service or quality.

Financial Highlights

Regal Men Barber Shop is seeking $50,000 in debt financing to open its barber shop in Minneapolis, Minnesota. The funding will be dedicated for light construction of the barber shop to update it, new equipment, supplies, and working capital. The breakout of the funding is below:

• Barber shop build-out to update it: $20,000
• Barber shop equipment: $15,000
• Barber shop supplies (scissors, razors, clippers, shampoo, shave foam, etc.): $10,000
• Working capital: $5,000

Barber Shop Business Plan Template

Create your Barber Shop business plan effortlessly with our user-friendly template. It covers everything from market analysis tailored to the barbershop industry to financial planning, ensuring your success in the grooming sector.

Download the template today!

Features of our barber shop business plan template:.

Market Analysis: Delve deep into the barbershop industry. Identify critical demographics and understand the specific needs of clients. Our template simplifies market analysis, customized for your barbershop business.

Business Model: Define your shop's unique value, select the right services, and pinpoint your target market. Our template provides insights and guidance for choosing the most effective business model for your barbershop.

Financial Projections: Predict income, expenses, and profitability with our comprehensive financial planning section. This ensures informed decisions and realistic financial goals for the financial stability of your shop.

Marketing Strategy: Develop a marketing plan that effectively promotes your barbershop, emphasizing quality services. Our template aids in creating a strategic marketing approach, including branding, outreach, and customer engagement strategies.

Benefits of Using Our Template:

Time and Effort Saving: Save time with our pre-designed template. Focus on refining your barbershop concept and business strategy without starting from scratch.

Clarity and Guidance: Our template offers a clear path, ensuring you cover all essential aspects of your barbershop business plan. Stay on track toward your goals and avoid overlooking key elements crucial for the success of your shop.

Increased Success Opportunities: A well-structured and comprehensive business plan improves your chances of success in the competitive barbershop industry. Our template equips you with professional tools to attract potential investors, partners, or lenders, showcasing your commitment to providing exceptional grooming services.

Barber Shop Business Plan Frequently Asked Questions

Q: why do i need a business plan for my barber shop.

‍ A: A business plan for your barber shop is crucial as it acts as a roadmap for success in the grooming and barbering industry. It helps in market analysis, goal setting, and strategic planning. Moreover, a well-structured business plan can attract potential investors, partners, or lenders interested in supporting your venture.

Q: What are the essential elements of a barber shop business plan?

‍ A: A comprehensive business plan for a barber shop should include key components like market analysis, your shop's business model, financial projections, marketing strategies, and operational plans tailored to grooming services. These elements are vital for understanding the industry, managing finances, and outlining how you will provide quality grooming services.

Q: How can a barber shop business plan assist in securing funding or partnerships?

‍ A: A well-prepared business plan demonstrates to potential investors, lenders, or partners your deep understanding of the barbering industry, a strong business model, and a clear strategy for delivering quality grooming services while ensuring financial sustainability. Financial projections play a crucial role in showcasing the potential for a return on investment. Presenting a comprehensive business plan can significantly improve your chances of obtaining the necessary capital to establish or expand your barber shop, highlighting your commitment to providing exceptional grooming services.

We Know a Good Business Plan When we See One

Collectively, our team has reviewed thousands of business plans and has nearly 20 years of experience making SBA loans. We've also helped more than 50,000 businesses create financial projections across many industries and geographies.

Adam served as Executive Director for a SBA microlender in Indiana for over 10 years helping businesses and reviewing thousands of business plans.

Grace has built hundreds of custom financial models for businesses as well as our projection templates which are used by thousands of businesses every year.

Kyle served as an SBA loan officer for 7 years working directly with startups and business owners to review their business plans, projections, and prepare their loan package.

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Barbershop Business Plan Sample

Published Nov.11, 2016

Updated Apr.26, 2024

By: Brandi Marcene

Average rating 3.8 / 5. Vote count: 6

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Table of Content

Do you want to start barbershop business plan?

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

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

Executive Summary

2.1 the business.

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

2.2 Management of the Barbershop

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

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

2.3 Customers of Barbershop

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

• Residential Community
• Businessmen
• Work Facilities
• Job Hunters

2.4 Business Target

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

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

Company Summary

3.1 company owner.

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

3.2 Why the barbershop is being started

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

3.3 How the barbershop will be started

Step1: Plan Everything

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

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

Step2: Define the Brand

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

Step3: Establish Your Corporate Office

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

Step4: Establish a Web Presence

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

Step5: Promote and Market

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

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

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

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

• Male Haircuts

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

• Head Massages and Conditioning Treatments

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

• Razor and Wet Shaving Service

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

• Beard Styling

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

Marketing Analysis of a Barbershop

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

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

Business plan for investors

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

5.1 Market Trends

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

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

5.2 Marketing Segmentation

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

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5.2.1 Residential Community

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

5.2.2 Business Folk

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

5.2.3 Work Facilities

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

5.2.4 Job Hunters

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

5.3 Business Target

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

5.4 Product Pricing

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

Marketing Strategy

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

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

6.1 Competitive Analysis

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

6.2 Sales Strategy

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

6.3 Sales Monthly

6.4 Sales Yearly

6.5 Sales Forecast

Personnel plan

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

7.1 Company Staff

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

7.2 Average Salary of Employees

Financial Plan

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

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

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

8.1 Important Assumptions

8.2 Break-even Analysis

8.3 Projected Profit and Loss

8.3.1 Profit Monthly

8.3.2 Profit Yearly

8.3.3 Gross Margin Monthly

8.3.4 Gross Margin Yearly

8.4 Projected Cash Flow

8.5 Projected Balance Sheet

8.6 Business Ratios

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

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

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

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

• How do you attract customers to your barbershop?

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

• How do you start a barber shop?

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

Download Barber Shop Business Plan Sample in pdf

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

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BizFundingResource.com

Barber School Business Plan and SWOT Analysis

Barber School Business Plan, Marketing Plan, How To Guide, and Funding Directory

The Barber School Business Plan and Business Development toolkit features 18 different documents that you can use for capital raising or general business planning purposes. Our product line also features comprehensive information regarding to how to start a Barber School business. All business planning packages come with easy-to-use instructions so that you can reduce the time needed to create a professional business plan and presentation.

Your Business Planning Package will be immediately emailed to you after you make your purchase.

• Bank/Investor Ready!
• Complete Industry Research
• 3 Year Excel Financial Model
• Business Plan (26 to 30 pages)
• Loan Amortization and ROI Tools
• Three SWOT Analysis Templates
• Easy to Use Instructions
• All Documents Delivered in Word, Excel, and PDF Format
• Meets SBA Requirements

Barber schools are one of the oldest type of vocational institution within the United States. One of the best things about owning and operating a barber school is that their revenues are almost always immune from negative changes in the economic climate. This is due to the fact that during times of economic recession – many people look to change their careers and people that have had an interest in cosmetology will enroll in barber schools in order to learn a new trade. Additionally, there are many federal and state programs available for individuals that are learning a new trade such as becoming a barber. There are also reimbursement programs and tuition assistance programs that are available to licensed technical schools including schools of barbering and cosmetology. Second, these businesses are able to remain profitable and cash flow positive at all times given that people are going to need a haircut regardless of how the economy is doing. Most barber schools provide the general public with a way of getting a low-cost haircut by having students provide the services. The gross margins generated from barber school operations are very high given that this is a service focused business. Typically, the gross margins for a haircut or related cosmetology service ranges anywhere from 90% to 95% depending on what hair care products are used during the course of the haircut. The startup costs associated with a new barber school typically run anywhere from $75,000 all the way to $250,000 depending on the location, size of the school, services offered, and whether or not the school be accepting any tuition reimbursement programs in order to assist students.

Investors, banks, and private funding sources are always very receptive to providing capital for a new barber school given the reasons above. Of course, and as with any type of capital raising activity – a barber school business plan is going to be needed. This business plan, like all similar documents, should include a three year profit and loss statement, cash flow analysis, balance sheet, breakeven analysis, and business ratios page. Additionally, a demographic analysis focusing on the number of people that have an interest in barbering and cosmetology should be included. Beyond examining the types of students that will become enrolled in the companies programs an additional focus should be given to people that will come to the barber school in order to have their hair cut or styled. As it relates to this part of an analysis a full breakdown of the local and regional median household income, median family income, population size, and population density should be included within the document.

Once the business plan is developed is time to produce the barber school marketing plan. It should be noted within this document the entrepreneur’s ability to develop referral relationships with local high schools as well as community colleges that will refer individuals who want to learn a trade. Additionally, many barber schools will seek to develop an expansive web presence in order to ensure that people can find location easily when they want haircut. The marketing strategies will be frequently used by a barber shop should also be used by barber school or cosmetology school. This will ensure that the brand-name visibility the location will increase. Additionally, as the brand name increases people that have an interest in becoming a barber will know the location and understand that they can enroll in the company’s services so that they can obtain their license. These days most businesses will maintain an expansive presence on social media including platforms such as FaceBook, Twitter, Instagram, and Google+. It is very important that a barber school maintain a social media page so that people who are looking to have their hair cut can find the business but also to increase visibility among people that are looking to enroll in the company’s academic services. A profile that allows for individuals to place reviews on the social media platform should be included as well given that many people will use social media now to find local services. Most of these institutions also engage in a moderate traditional print-based advertising campaign.

A barber school SWOT analysis should also be developed in conjunction with the two documents discussed above. For strengths, barber schools are almost always able to remain profitable and the demand among people to learn this trade is exceptionally high. Relating to weaknesses, a barber school typically does have very high operating costs given that they must maintain a moderate size facility as well as a staff that can properly train individuals in the art of barbering and cosmetology. For opportunities, many barber schools expand by developing additional locations once their initial location has reached 100% capacity. Additionally, these institutions will frequently look to expand the number of services that they offer to the general public in order to boost revenues on a year on year basis. For threats, there is really nothing that is going to impact the way that these businesses conduct business moving forward. This is one of the oldest industries within the United States and not too much has changed in the several hundred years that barber schools, barber shops, and cosmetology schools have been in operation.