business plan for barber

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

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Barber Shop Business Plan Example

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

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Barber Shop Business Plan FAQs

What is a barber shop business plan.

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

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

What Are the Main Types of Barber Shops?

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

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

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

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

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

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

What are the Steps To Open a Barber Shop Business?

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

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

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

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

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

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

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

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

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

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

• How to Start a Barber Shop Business

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 Template & PDF Example

• July 22, 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.

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Barbershop Business Plan

Fully editable 30+ slides Powerpoint presentation business plan template.

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

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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.

Barbershop Business Plan Executive Summary Example

Business Overview

A concise overview is pivotal, introducing essential details like the shop’s name, location, and a snapshot of its core services.

These details set the stage for your barbershop, framing its unique characteristics. A  unique selling proposition  ( USP ) distinguishes your shop. Whether it’s a focus on classic barbering techniques, expertise in modern styles, or an emphasis on premium grooming experiences, highlight this USP in your executive summary to showcase your shop’s distinctive value proposition.

Example: “The Gentleman’s Cut Barbershop,” strategically situated in the heart of Urban Style Hub, occupies a spacious 1,800 square feet area on Dapper Street. We specialize in a comprehensive array of grooming services, including classic haircuts, beard trims, hot towel shaves, and modern styling. Our USP lies in blending traditional barbering techniques with contemporary styles, ensuring precision and style for every client.

Market Overview

Understanding market dynamics and your position within it is crucial. This section should underscore the potential of the local grooming and barbering market, supported by relevant data such as market value and growth rates. Discussing trends, such as the growing demand for premium grooming experiences or a resurgence in traditional barbering, illuminates your shop’s positioning within the evolving landscape.

Additionally, it highlights the  competitive  landscape. Identify  key competitors  and elucidate how your shop stands out amidst competition. Whether through specialized skills, exceptional customer service, or a focus on authentic grooming experiences, emphasize how your shop differentiates itself.

Example: In the expansive US barbershop industry valued at $4.9 billion in 2022, The Gentleman’s Cut Barbershop thrives among its approximately 4,500 counterparts. Positioned strategically within a grooming-centric neighborhood, our shop competes with a diverse array of traditional barbershops, modern grooming lounges, and hybrid establishments. We’ve identified [6] key competitors in close proximity, reflecting the competitive landscape.

Management Team

Highlight the expertise and background of your management team, showcasing their capabilities in driving shop success.

This could include your barbershop manager’s extensive experience in the grooming industry or your marketing lead’s proficiency in client engagement. Demonstrating the team’s competency builds credibility and assures potential investors and partners of your shop’s potential for success.

Example: At The Gentleman’s Cut Barbershop, John Barber, with over two decades in men’s grooming and barbershop management, leads operations. Supported by a team of skilled barbers and an operations director experienced in grooming industry management, the shop maintains a focus on delivering precision and style to every client.

Financial Plan

Provide an overview of your financial goals and projections, offering insights into revenue targets, profit margins, and anticipated growth trajectories.

Example: The Gentleman’s Cut Barbershop aims for a projected revenue of $1.8 million annually, targeting a 15% EBITDA profit margin. Investment in state-of-the-art barbering equipment and a strong focus on superior customer service, complemented by innovative marketing strategies, drives anticipated growth and profitability within the local market.

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.

Industry Size & Growth

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.

Key Market Trends

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.

Competitive Landscape

A  competitive analysis  is not just a tool for gauging the position of your barbershop in the market and its key competitors; it’s also a fundamental component of your business plan.

This analysis helps in identifying your barbershop’s unique selling points, essential for differentiating your business in a  competitive  market.

In addition, competitive analysis is integral in laying a solid foundation for your business plan. By examining various operational aspects of your competitors, you gain valuable information that ensures your business plan is robust, informed, and tailored to succeed in the current market environment.

Identifying Your Barbershop’s Competitors

Initiate your competitive analysis by surveying local barbershops and grooming establishments. Direct competitors might include traditional barbershops offering classic cuts and shaves, as well as modern salons providing a diverse range of grooming services. Don’t disregard indirect competitors such as beauty spas or hairdressing chains that could potentially attract your clientele.

Leverage digital tools like Google Maps to chart competitor locations. Platforms like Yelp and social media channels provide valuable customer feedback and insights. For instance, glowing reviews praising the vintage ambiance and precision cuts at “Classic Cuts Barbershop” reveal a significant strength of your competitor.

Barbershop Competitors’ Strategies

Analyzing competitors’ strategies encompasses several facets:

• Service Offerings:  Assess the breadth and uniqueness of the services offered. “Urban Edge Grooming” may specialize in personalized grooming experiences for men, including hot towel treatments and scalp massages, setting them apart from conventional barbershops.
• Barbering Techniques:  Consider the stylistic approach of competitors. “Heritage Clippers” might focus on delivering classic and vintage cuts, while “Modern Mane Stylists” could specialize in cutting-edge hairstyling techniques appealing to a more fashion-forward clientele.
• Pricing Approach:  Compare your  pricing strategy  with that of competitors. “Affordable Cuts & Styles” might target budget-conscious clients, while “Prestige Grooming Solutions” could position itself as a luxury grooming destination.
• Marketing Strategies :  Analyze how competitors market their services. “DigitalEdge Barbers” might thrive on social media promotions and influencer collaborations, whereas “Neighborhood Clippers” might rely on local community events and word-of-mouth referrals.
• Client Experience:  Evaluate the overall ambiance and customer service. “Relax & Revive Barbers” might prioritize a serene, spa-like environment, while “Community Cuts” might focus on fostering a welcoming, neighborhood-friendly atmosphere.
• Operational Efficiency:  Observe competitors’ utilization of technology and innovation. “TechTrim Experts” might implement cutting-edge tools like virtual hairstyle simulations or automated appointment scheduling systems.

What’s Your Barbershop’s Value Proposition?

Reflect on your barbershop’s  unique value proposition . Maybe your establishment is renowned for its traditional straight razor shaves or specializes in grooming services tailored for diverse hair textures and styles.

Identify gaps in the market by gathering customer feedback and staying attuned to industry trends. For instance, an increasing preference for eco-friendly grooming products might signify a market niche if competitors haven’t tapped into sustainable grooming practices.

Tailor your approach based on location: A barbershop situated in a corporate district might focus on express services for professionals, while one nestled in a residential area could capitalize on building a community-oriented, family-friendly environment.

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).

Marketing Plan

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.

Marketing Channels

Effective marketing is about reaching the right audience through the right channels. Here’s how you can do that for your barbershop.

Digital Marketing

• Social Media:  Use Instagram to post before-and-after haircut photos, style tips, and behind-the-scenes glimpses of your barbershop. Host live Q&A sessions on Facebook to engage with your audience. On YouTube, post tutorials on men’s grooming and hair care.
• Website and SEO:  Develop a professional website that showcases your services, staff bios, and customer testimonials. Optimize your site for search engines with keywords related to barbershops and grooming in your area. Include a blog section with articles on hair care, style trends, and grooming tips.
• Email Marketing:  Build an email list by offering a discount for online sign-ups. Send out monthly newsletters with updates about your services, exclusive offers, and styling advice. Use email campaigns to inform customers about special events or new services.

Local Community Engagement

• Events and Partnerships:  Participate in local community events, such as street fairs or festivals, offering quick trims or beard grooming. Partner with local businesses like gyms, men’s clothing stores, or coffee shops for cross-promotion. For example, offer a discount to the gym members and in return, promote the gym in your barbershop.
• Local Advertising:  Place eye-catching flyers and posters in high-traffic areas like local gyms, cafes, and male-centric retail stores. Consider local radio ads or sponsoring a local sports team.
• Special Promotions:  Run promotions targeting local residents, like a ‘Neighborhood Discount Day’ or a special rate for first responders and military personnel.

Referral and Loyalty Programs

• Referral Incentives:  Encourage your current customers to refer friends by offering them a discount on their next visit for every new customer they bring in.
• Loyalty Program:  Implement a loyalty program where customers earn points for every visit or purchase, which can be redeemed for a free haircut or product after reaching a certain number of points.

Sales Channels

Maximizing sales involves not just attracting customers, but also encouraging them to spend more per visit.

In-Shop Sales Tactics

• Upselling Services:  Train your staff to gently suggest additional services like beard trims, scalp massages, or luxury shampoos during a haircut.
• Package Deals:  Offer bundled services at a discounted rate, such as a haircut and beard trim combo. Seasonal packages, like a summer refresh package including a haircut and a cooling scalp treatment, can also be appealing.
• Retail Products:  Stock a range of grooming products like beard oils, pomades, and shampoos. Train your staff to recommend products based on the customer’s hair type and style preferences.

Online and Mobile Sales

• Online Booking:  Implement an online booking system on your website and social media platforms. Offer a small discount or an additional service for first-time online bookings.
• E-Commerce:  Sell your grooming products online. You can also offer gift cards for services, which can be a great gift option for customers to purchase.
• Exclusive Online Offers:  Create online-only deals, like a discount for booking through the app or a special package available for purchase only on your website.

Strategy Timeline

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.

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.

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 10,000 entrepreneurs and business owners create business plans to start and grow their barber shops.

How to Write a Business Plan for a Barber Shop

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

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

Next Section: Executive Summary >

Barber Shop Business Plan FAQs

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

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

What is a Barber Shop Business Plan?

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

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

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

What Are the Sources of Funding for a Barber Shop?

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

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

BARBER SHOP BUSINESS PLAN OUTLINE

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

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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.

Image by macrovector on Freepik

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

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

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

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

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

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

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

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

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

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

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

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

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

Executive summary

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

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

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

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

The company description gives a detailed overview of your business . 

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

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

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

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

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

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

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

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

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

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

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

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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Barbershop Business Plan Template

Trusted by 900+ Downloaders

What You Get

• A compelling & detailed pre-written Barbershop business plan template in WORD
• A full & automatic Barbershop financial plan model in EXCEL you can easily customize
• Customized text tailored to your Barbershop business
• The ability to paste advanced charts and tables within a click
• No accounting or specialized financial knowledge needed
• A cost-effective solution saving you time and money

Barbershop Business Plan Template Description

Are you looking to open a barbershop? Are you a barber seeking to establish your own men’s salon? If yes, then our ready-made barbershop business plan package is your perfect solution. It includes a pre-written business plan in Word and an automatic financial plan spreadsheet in Excel tailored to the barbershop business, and which you can easily customize to fit your own project. Save tons of time and money and download our investor-grade barbershop business plan template, no financial or accounting expertise required. Check the full content below.

Barbershop Business Plan Document in Word

Our ready-made Barbershop business plan template is in Word format and includes 23 pages. The document is divided into multiple sections. Each section contains the essential points that are necessary to effectively present your Barbershop project. Each section and sub-section offer you a sample text you can easily customize to make your business plan unique. Below is a small excerpt of our ready-made barbershop business plan template in Word.

Automatic Barbershop Financial Model in Excel

Our pre-populated financial model is in Excel format and includes multiples worksheets. You can easily edit the model’s inputs including changing costs and revenue assumptions to generate pro-forma financial forecasts including P&L, Cash flows and Balance Sheets. Below is a small extract of the automatic barbershop financial plan Spreadsheet in Excel.

The Benefits of Creating a Business Plan for your Barbershop Project

A business plan is a key document for your barbershop project. It can help you articulate your business goals, secure financing, and attract talent. The following are some of the major benefits of creating a business plan for your barbershop:

• A business plan is a comprehensive document that outlines the key aspects of your barbershop business, including its concept, target market, value proposition, and long-term goals. For example, your business plan might outline your vision to become the premier barbershop in your community, offering high-quality haircuts and grooming services to men of all ages. It can also help you identify opportunities for growth and differentiation in the competitive landscape, such as offering specialized services like hair coloring or monthly grooming packages.
• If you need external financing to start or grow your barbershop, a business plan and financial plan can be critical in convincing investors to fund your venture. The financial plan should include detailed projections that show how you plan to generate revenue, achieve profitability, and return on investment. For example, your financial plan might include assumptions about your pricing strategy, marketing budget, and operating costs, as well as projected income statements and cash flow statements.
• A business plan and financial plan serve as a roadmap for your barbershop business, helping you monitor your progress and make adjustments as needed to stay on track. By regularly reviewing and updating these documents, you can monitor your financial performance and identify any potential financial risks or opportunities. For example, you might discover that you need to adjust your pricing strategy or marketing efforts to better meet the needs of your target market.
• A financial plan is a crucial tool for managing the financial aspects of your barbershop business. It provides a clear overview of your income and expenses, helping you create a budget that aligns with your business goals. It can also help you make informed financial decisions by identifying potential risks and opportunities and providing a basis for evaluating different financial scenarios. For example, you might use your financial plan to decide whether to lease or buy certain equipment, or to determine how much capital you need to maintain a healthy cash reserve.
• A business plan can also be an effective tool for attracting and retaining top talent for your barbershop. By outlining your business goals, values, and culture, you can attract employees who are aligned with your vision and mission. A well-written business plan can also help you communicate your goals and expectations to your team, keeping them motivated and engaged. For example, you might include a section in your business plan on employee development and training, highlighting your commitment to investing in your team’s skills and growth.

This Ready-Made Barbershop Business Plan is For

• Entrepreneurs wishing to start a Barbershop business
• Aspiring Barbershop owners who want to create a business plan fast and easy
• Barbers and men’s hairdressers who wish to pitch their project to investors
• Businesspeople who wish to better understand the potential of the opportunity

Immediate Delivery by Email

• Once you complete the order, you will receive an email with links to download your documents
• Your order will contain the full pre-written business plan in Word
• Your order will contain the full customizable financial model in Excel

Your Barbershop Business Plan Content

Executive Summary: Our Barbershop business plan template starts with a compelling Executive Summary. This key section is very important as it summarizes in 1 page your project. It will introduce your business model, the key people behind the project as well as the unique selling proposition offered by your Barbershop. This section will also mention how market conditions and consumer trends are favorable for launching your project.

The Problem Opportunity:  Next, your ready-made Barbershop business plan will list a number of problems experienced by your prospects in your target market and will show how this presents a unique opportunity for your Barbershop. These can include issues such as lack of chiropractors in a certain location, undifferentiated offering by current actors in the market…etc.

The Solution:  This section explains how your Barbershop business will take advantage of the current problems in the market and will detail your innovative solutions.

Mission & Vision: Your mission will explain in a couple of sentences your Barbershop’s business ethos. In other words, it will summarize your unique value proposition and will explain how you are different than the competition. Your vision will explain the long-term plans for your Barbershop. Are you planning to start with one branch today and expand to a multi-branch business model? Are you looking to transform your Barbershop business into a franchise model?…etc.

Business Model:  This section details your Barbershop   project using the business model canvas method. In a visually appealing table, we will detail your business’ key partners, activities, resources, value proposition, customer segments, customer relationship plan, marketing channels, cost structure and revenue streams.

Products & Services:  Next, we will talk in detail about your various products and services. We will describe your various types of grooming services and provide information about your pricing.

Market Analysis:  This important section describes the various market statistics and consumer trends in the Barbershop industry and explains how they support your own project. The purpose of this section is to show that the market conditions are favorable for launching your new Barbershop.

Global Market Trends:  In this sub-section of the market analysis, we will discuss the latest general market trends in the Barbershop industry. We will look at the global industry size, growth rate, growth diving factors and consumer trends.

Local Market Trends:  This sub-section explains the local market trends that are relevant to your specific Barbershop business.

Target Customers:  In this section, we will describe your various customer profiles by providing information about their demographics, behavior and purchasing habits.

Competitive Analysis:  We will analyze key competitors active in your target market and provide insights about their strengths and weaknesses.

Competitive Advantages:  After looking at the competitive landscape, we will then show how your Barbershop business is differentiating itself from the competition through a number of key advantages.

SWOT Analysis: This section features a 4-quadrant table with explanations about how your Barbershop intends to leverage its key strengths, mitigate weaknesses, capture opportunities and thwart any future threats.

Marketing Plan : This chapter provides detailed information about your go-to-market strategy. It includes a detailed action plan to help you build brand awareness and generate sales.

Branding & Awareness:  We will describe in this sub-section your choice of key marketing channels to build branding and awareness.

Customer Acquisition:  We will describe in this sub-section your choice of key marketing channels to acquire customers and increase sales.

Operating Plan:  This chapter provides information about your Barbershop’s opening hours, internal processes and describes the interactions between various key departments and teams.

Management Team:  It is very important to present the key people behind your Barbershop   project and thus we have dedicated a section for this very purpose. It is also important to talk here about the founder’s vision, his past education and professional experience.

Hiring Plan:  No business can succeed without having on board the right team. This section lists all the key positions you plan to hire with information about their salaries and expected start dates.

Key Milestones:  To be able to launch and execute your Barbershop   project, you need to follow a set of actionable tasks with target deadlines. This section serves this purpose.

Financial Plan:  Without a robust financial plan, your Barbershop business plan would be an incomplete document. This important section provides crucial information about your pro-forma financial projections and shows that you have really done your homework. The data mentioned in this and the following sections will be provided by the dynamic Excel financial model accompanying your Barbershop business plan.

Projected Revenue:  This module shows your Barbershop’s revenue projections over the next three years.

Projected Profit and Loss:  This module shows your Barbershop’s income statement (also called profit and loss statement) over the next three years. Your income statement includes detailed projections about your sales and expenses and shows how your Barbershop’s revenue is converted into a net profit.

Projected Cash Flows:  This module shows your Barbershop’s cash flow projections over the next three years. The first year of operation is even detailed on a monthly basis. Your cash flow statement will detail the various cash inflows your Barbershop   will generate from its day-to-day operations and from funding sources, as well as the various cash outflows required to pay for operating expenses and business investments.

Projected Balance Sheet : This module shows your Barbershop’s balance sheet projections over the next three years. The balance sheet will provide a summary of your Barbershop’s short term and long term assets in addition to your short term and long term liabilities and capital.

Profitability Analysis:  In this section, we will provide information about your gross margin, net margin and discuss the profitability of your Barbershop business.

Funding Requirement:  This module states the amount of funding your need to be able to comfortably launch your Barbershop business. It also describes the planned allocation of the funds between Opex and Capex.

Conclusion : Finally, we will conclude your business plan by recapitulating the key points that make your Barbershop project compelling and reiterate the rationale behind your business opportunity.

Why Use our Ready-Made Barbershop Business Plan?

• Speed & Convenience:  Once you complete your order, you will receive the Barbershop business plan directly in your mailbox. Since it is already pre-written with fully customizable financials, you will only need to spend a couple of hours to edit it and adapt it to your own Barbershop
• High Quality:  Your Barbershop business plan has been written by our professional team of business plan writers and experts from the men’s grooming industry. You will receive a professional Barbershop business plan template ideal for presenting to potential investors or banks.
• Low-Cost:  Our pre-written Barbershop business plan template is the most cost-effective solution in case you need to build a solid and professional Barbershop business plan. We are confident you will save hundreds if not thousands of dollars by ordering our premium business plan compared to hiring a consultant or subscribing to complicated and expensive software.

If you have any question regarding our ready-made Barbershop business plan package,  do not hesitate to contact us , we are here to help.

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

Free Barber Shop Business Plan Template

Matthew Khalili

• January 3, 2024

18 Min Read

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

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

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

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

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

How much money do you need to start a Barbershop?

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

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

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

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

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

What is the Average Barbershop Profit Margin?

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

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

Pros and Cons of Starting a Barber Shop Business

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

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

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

Step-by-step Guide to Start a Barbershop

Table of Contents

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

1. Understanding the Barbershop Industry and Market

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

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

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

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

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

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

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

Technology and Innovations in Barbering:

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

Challenges in the barbershop business:

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

Who works in barber shops?

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

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

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

2. Brainstorm a Barber Shop Name

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

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

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

Want a Unique Name for your Barber Shop?

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

3. Find the Right Location for Your Barber Shop

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

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

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

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

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

Source: Zippia

4. Write a Barbershop Business Plan

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

Here’s what your barbershop business plan should include:

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

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

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5. Create a Service Menu

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

Define Your Services:

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

Pricing It Right:

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

Know Your Customer:

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

Stay Updated on Market Rates:

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

Peek at Competitors:

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

Craft Your Menu with Care:

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

6. Register Your Barber Shop

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

Select the business structure first

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

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

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

Find a Registered Agent

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

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

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

Register with the state and local laws & obtain business EIN

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

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

Apply for tax registration

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

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

7. Apply for Barbershop Business Licenses and Permits

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

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

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

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

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

8. Get a Business Insurance

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

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

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

9. Apply for a Business Bank Account & Credit Cards

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

Here’s the simple breakdown:

Open Business Bank Account:

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

Get a Business Credit Card:

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

10. Fund Your Business

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

Here’s the scoop:

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

11. Build a Team

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

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

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

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

12. Prepare to Launch Your Business

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

Essential Barber Equipment:

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

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

Going Digital with a Business Website:

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

Here’s what your website should have:

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

Tools for Smooth Operations:

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

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

Amplifying Your Presence with Marketing Strategies:

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

Here’s how you can do this:

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

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

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

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

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

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

Frequently Asked Questions

What license do i need to open a barber shop.

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

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

What are the legal requirements for starting a barbershop?

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

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

Is owning a barber shop profitable?

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

Do I need a business plan to start a barbershop?

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

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

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

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

About the Author

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

Reach Your Goals with Accurate Planning

Barber Shop Business Plan Template & Guidebook

If you’re looking to start your own barber shop business, then having a plan is essential to ensure success. The #1 Barber Shop Business Plan Template & Guidebook takes the guesswork out of creating and implementing a strong, actionable business plan. Packed with helpful advice, best practices, and expert tips, this comprehensive guidebook walks you through each step of creating a plan that sets you up for success and helps your business thrive in the long run.

Get worry-free services and support to launch your business starting at $0 plus state fees.

• How to Start a Profitable Barber Shop Business [11 Steps]
• 10+ Best & Profitable Barber Shop Business Ideas [2023]
• List of the Best Marketing Ideas For Your Barber Shop Service:

How to Write a Barber Shop Business Plan in 7 Steps:

1. describe the purpose of your barber shop business..

The first step to writing your business plan is to describe the purpose of your barber shop business. This includes describing why you are starting this type of business, and what problems it will solve for customers. This is a quick way to get your mind thinking about the customers’ problems. It also helps you identify what makes your business different from others in its industry.

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

Here is an example of a purpose mission statement for a barber shop business:

Our mission at [Barber Shop] is to provide a professional, comfortable, and welcoming atmosphere for our customers to enjoy high-quality haircuts and grooming services from certified barbers. We pledge to create a personalized experience for each customer that allows them to express themselves in a luxurious and modern way.

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

The next step is to outline your products and services for your barber shop business. 

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

• What is my business?
• What are the products and/or services that I offer?
• Why am I offering these particular products and/or services?
• How do I differentiate myself from competitors with similar offerings?
• How will I market my products and services?

You may want to do a comparison of your business plan against those of other competitors in the area, or even with online reviews. This way, you can find out what people like about them and what they don’t like, so that you can either improve upon their offerings or avoid doing so altogether.

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. 

A good marketing plan for your barber shop business includes the following elements:

Target market

• Who is your target market?
• What do these customers have in common?
• How many of them are there?
• How can you best reach them with your message or product?

Customer base 

• Who are your current customers? 
• Where did they come from (i.e., referrals)?
• How can their experience with your barber shop business help make them repeat customers, consumers, visitors, subscribers, or advocates for other people in their network or industry who might also benefit from using this service, product, or brand?

Product or service description

• How does it work, what features does it have, and what are its benefits?
• Can anyone use this product or service regardless of age or gender?
• Can anyone visually see themselves using this product or service?
• How will they feel when they do so? If so, how long will the feeling last after purchasing (or trying) the product/service for the first time?

Competitive analysis

• Which companies are competing with yours today (and why)? 
• Which ones may enter into competition with yours tomorrow if they find out about it now through word-of-mouth advertising; social media networks; friends' recommendations; etc.)
• What specific advantages does each competitor offer over yours currently?

Marketing channels

• Which marketing channel do you intend to leverage to attract new customers?
• What is your estimated marketing budget needed?
• What is the projected cost to acquire a new customer?
• How many of your customers do you instead will return?

Form an LLC in your state!

4. Write Your Operational Plan.

Next, you'll need to build your operational plan. This section describes the type of business you'll be running, and includes the steps involved in your operations. 

In it, you should list:

• The equipment and facilities needed
• Who will be involved in the business (employees, contractors)
• Financial requirements for each step
• Milestones & KPIs
• Location of your business
• Zoning & permits required for the business

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.

The second part of your barber shop business plan is to develop a management and organization section.

This section will cover all of the following:

• How many employees you need in order to run your barber shop business. This should include the roles they will play (for example, one person may be responsible for managing administrative duties while another might be in charge of customer service).
• The structure of your management team. The higher-ups like yourself should be able to delegate tasks through lower-level managers who are directly responsible for their given department (inventory and sales, etc.).
• How you’re going to make sure that everyone on board is doing their job well. You’ll want check-ins with employees regularly so they have time to ask questions or voice concerns if needed; this also gives you time to offer support where necessary while staying informed on how things are going within individual departments too!

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.

Typically, expenses for your business can be broken into a few basic categories:

Startup Costs

Startup costs are typically the first expenses you will incur when beginning an enterprise. These include legal fees, accounting expenses, and other costs associated with getting your business off the ground. The amount of money needed to start a barber shop business varies based on many different variables, but below are a few different types of startup costs for a barber shop business.

Running & Operating Costs

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.

Marketing & Sales Expenses

You should include any costs associated with marketing and sales, such as advertising and promotions, website design or maintenance. Also, consider any additional expenses that may be incurred if you decide to launch a new product or service line. For example, if your barber shop business has an existing website that needs an upgrade in order to sell more products or services, then this should be listed here.

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. 

Here are some steps you can follow to devise a financial plan for your barber shop business plan:

• Determine your start-up costs: This will include the cost of purchasing or leasing the space where you will operate your business, as well as the cost of buying or leasing any equipment or supplies that you need to start the business.
• Estimate your operating costs: Operating costs will include utilities, such as electricity, gas, and water, as well as labor costs for employees, if any, and the cost of purchasing any materials or supplies that you will need to run your business.
• Project your revenue: To project your revenue, you will need to consider the number of customers you expect to have and the average amount they will spend on each visit. You can use this information to estimate how much money you will make from selling your products or services.
• Estimate your expenses: In addition to your operating costs, you will need to consider other expenses, such as insurance, marketing, and maintenance. You will also need to set aside money for taxes and other fees.
• Create a budget: Once you have estimated your start-up costs, operating costs, revenue, and expenses, you can use this information to create a budget for your business. This will help you to see how much money you will need to start the business, and how much profit you can expect to make.
• Develop a plan for using your profit: Finally, you will need to decide how you will use your profit to grow and sustain your business. This might include investing in new equipment, expanding the business, or saving for a rainy day.

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?

You may want to seek help from a professional business consultant or a business mentor. You may also consider attending workshops or seminars on small business planning, or online resources such as the Small Business Administration (SBA) website and business plan templates.

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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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

Barber Shop Business Plan [Sample Template]

By: Author Tony Martins Ajaero

Home » Business ideas » Beauty Care Industry » Barbershop

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

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

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

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

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

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

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

A Sample Barber’s Shop Business Plan Template

1. industry overview.

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

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

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

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

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

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

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

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

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

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

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

2. Executive Summary

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

Bolingo and Sons Barbing Salon offer services such as cut hair for both male and female, dress hair for both male and female, groom hair for both male and female, dying / coloring of hair for both male and female, style and shave hair for both male and female.

We will also retail clippers, barbing accessories, aftershave and shaving powder et al. Aside from the fact that our barbers shop will be opened for a minimum of 15 hours daily, we will also offer home services to any clients who would want us to come over to their house to take care of their hair. We are well trained and equipped to service the market segments that require our services.

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

Our employees are well trained and qualified to handle the wide range of barbing services; Our workforce are going to be well trained to operate within the framework of our organization’s corporate culture and also to meet the needs of all our customers.

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

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

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

3. Our Products and Services

Bolingo and Sons Barbing Salon is in the business of ensuring that our clients are well treated and taken care of and our services will be carried out by highly trained professional and licensed barbers who know what it takes to give our highly esteemed customers value for their money. These are the services that Bolingo and Sons Barbing Salon will be offering;

• Cut hair for both male and female
• Dress hair for both male and female,
• Groom hair for both male and female
• Dye / coloring of hair for both male and female
• Style and shave hair for both male and female.
• Sale of Clippers and Barbing Accessories
• Sale of Aftershave and Shaving Powder
• Home Services

4. Our Mission and Vision Statement

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

Our Business Structure

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

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

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

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

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

5. Job Roles and Responsibilities

Chief Barber / Chief Executive Officer:

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

Deputy Chief Barber / Barbing Salon Manger

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

Barbers (10)

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

Sales Agents

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

Cashier (Counter Agent):

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

6. SWOT Analysis

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

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

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

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

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

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

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

• Opportunities:

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

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

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

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

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

7. MARKET ANALYSIS

• Market Trends

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

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

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

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

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

8. Our Target Market

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

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

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

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

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

Our competitive advantage

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

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

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

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

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

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

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

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

9. SALES AND MARKETING STRATEGY

• Sources of Income

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

10. Sales Forecast

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

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

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

• Marketing Strategy and Sales Strategy

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

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

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

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

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

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

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

11. Publicity and Advertising Strategy

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

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

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

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

12. Our Pricing Strategy

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

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

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

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

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

• Payment Options

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

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

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

13. Startup Expenditure (Budget)

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

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

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

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

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

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

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

Generating Funding / Startup Capital for Bolingo and Sons Barbing Salon

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

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

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

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

14. Sustainability and Expansion Strategy

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

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

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

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

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

Check List / Milestone

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

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Barber Shop Business Plan [Template + Example in 2024]

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

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

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

Without further ado, let's get into it!

How to Write a Barber Shop Business Plan?

Every barber shop business plan must have the following sections:

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

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

1. Executive Summary

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

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

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

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

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

2. Business Overview

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

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

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

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

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

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

3. Products and Services

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

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

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

4. Market Analysis

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

This section should contain the following:

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

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

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

5. Marketing Strategy

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

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

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

6. Financial Planning

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

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

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

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

Below is a breakdown of the proposed funding:

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

7. Operations Plan

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

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

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

8. Management Team

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

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

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

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

Barbershop Business Plan PDF

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

Here is the download link.

Let us know if you have any questions!

Barbershop Business Plan FAQs

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

What Is a Barber Shop Business Plan?

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

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

Why Is Barber Shop Business Plan Important?

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

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

Is Owning a Barber Shop Profitable?

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

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

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

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

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

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How to Write a Barber Shop Business Plan in 2024?

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

What You Will Learn

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

Jump to the Section You Like

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Let’s take a closer look:

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

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

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

Some things to keep in mind are:

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

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

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

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

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

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

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

Table of Contents

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

Executive Summary

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

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

Business Description

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

Target Market

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

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

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

Competitive Analysis

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

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

Management Plan

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

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

Your Products and Services

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

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

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

Your Marketing Plan

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

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

You’ll want to include:

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

Your Sales Plan

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

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

Your Financial Plan

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

Documents to prepare include:

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

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

Operating Plan

Explain how your barber shop will be run, including:

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

Additional Information

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

• Additional documents
• Important policies
• Financial statements

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

Do not miss our post on barber shop license .

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

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

Do not miss our post Barber Shop Price List .

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

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

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

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

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

About the author Bartek Kulasza

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

• How to Write a Barber Shop Business Plan

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Barbershop Business Plan Sample

Published Nov.11, 2016

Updated Apr.26, 2024

By: Brandi Marcene

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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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Barber shop business plan, 3+ sample barber shop business plan, what is a barber shop business plan, why choose a barber shop for a business, making that successful barber shop business plan, what are some of the services that are typically offered in a barber shop, what are some of the common men’s haircuts offered in a barber shop, what are some of the tools and equipment usually found in a barber shop.

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Crafting a Strong Business Plan for a Barber Shop: How to Make a Business Plan for a Barber Shop

A strong business plan for a barber shop outlines its operational strategy and financial projections. It defines the shop’s brand identity, services offered, and target market.

Creating a strong business plan is essential for any new barber shop aiming to carve out its niche in the competitive grooming industry. This document not only serves as a roadmap guiding every aspect of your venture—from conceptualizing your unique selling proposition to strategizing for long-term growth—but it also becomes a critical communication tool for securing funding and attracting investors.

A concise, well-structured plan can help forecast future earnings, manage expenses, and map out the logistics of running a successful barber shop. By honing in on key elements such as market analysis, marketing strategies, management organization, and financial plans, entrepreneurs can set a solid foundation for their business, ensuring they’re primed for both launch and sustainable growth. Building upon this groundwork, business owners can effectively streamline their operations, align their team with the shop’s vision, and deliver top-notch services that resonate with their clientele.

The Importance Of A Solid Business Plan

Creating a robust business plan sets the stage for success, especially for a barber shop. A well-crafted plan serves as a roadmap, guiding your business through the startup phase to growth and beyond. It helps in clarifying objectives, setting goals, and delineating the strategies needed to achieve them. Simply put, a business plan brings your vision into focus.

Key Benefits Of A Business Plan

• Clear Direction: It aligns your daily operations with long-term objectives.
• Funding Opportunities: It’s critical for securing loans or attracting investors.
• Risk Mitigation: It helps anticipate challenges and create contingency plans.
• Operational Efficiency: It streamlines processes and enhances productivity.
• Growth Management: It outlines strategies for scaling up your barber shop.

Consequences Of Neglecting A Business Plan

Skipping a business plan can lead to dire outcomes:

In brief, a robust business plan is not just a formality; it’s a critical tool for your barber shop’s success and longevity. It’s essential to take the time to draft a comprehensive plan that captures the essence of your business goals and the path to achieve them. This strategic document can mean the difference between a thriving barber shop and one that fades into obscurity.

Barber Shop Industry Insights

Understanding the barber shop industry is crucial before cutting into the market. A well-crafted business plan leans on strong industry insights. These insights help forecast future growth, align business strategies, and satisfy customer needs. With ever-changing styles and trends, a barber shop must stay ahead to keep the buzz.

Current Market Trends

Keeping a close shave with the market involves recognizing the latest trends. Bold moves in fashion influence customer expectations. Here’s a look at the current market trends shaping the industry:

• Eco-friendly products are on the rise.
• Men’s grooming shows significant growth.
• Customers prefer online appointments .
• Personalized services stand out.

Local trends may also affect the industry. Check neighborhood styles and preferences to cater to them effectively.

Understanding Your Target Audience

Know who needs a trim or a shave to tailor your services. Start with demographics like age, gender, and income. Then dive deeper into:

• Lifestyle preferences : Are they trendsetters or classic?
• Service expectations : Do they want quick cuts or luxury experiences?
• Visit frequency : Are they regulars or occasional visitors?

Capture this information to craft a customer profile. Use these profiles to design marketing campaigns and service offerings.

Defining Your Barber Shop’s Identity

The identity of your barber shop sets the stage for your entire business. It guides your interactions with customers, informs your marketing strategies, and shapes the experiences you offer. Before scissors snip or razors buzz, solidify your barber shop’s unique presence in the market with a clear, well-defined identity. Emphasizing clarity in your mission and ensuring your shop name resonates with your desired clientele will serve as the cornerstones for your venture’s success.

Mission And Vision Statements

Your barber shop’s mission and vision statements are the heartbeat of your business. They outline your primary goals and the enduring principles that drive your services. Crafting these statements demands thoughtful reflection on what your shop aspires to become and how it will serve your customers.

• Consider the core values that define your work ethic and service quality
• Reflect on the impact you want your shop to have on the community
• Keep your mission and vision bold, inspirational, yet attainable

Choosing A Shop Name And Theme

Selecting the right name and theme for your barber shop holds crucial marketing power . A memorable name captures attention, conveys your identity, and makes a lasting impression on potential customers.

• Brainstorm names that are unique, catchy, and easy to pronounce
• Ensure the name aligns with your shop’s image and service offerings
• Pick a theme that complements your name and appeals to your target audience

Incorporate design elements that maintain consistency with your chosen theme to create a cohesive brand experience. From your shop’s interior to the uniforms and beyond, let your name and theme manifest in every detail.

Services And Operations

A barber shop’s success leans heavily on its services and operations. Crafting a robust business plan involves detailing the specific services you’ll offer and outlining your operational strategies , including hours and staffing. Let’s delve into the key components that will shape your barbershop’s daily activities and overall customer experience.

List Of Services Offered

Your services are your shop’s backbone. A diverse list of offerings can attract a wider clientele. Consider these popular options:

• Basic haircuts for all genders and ages
• Beard trimming and detailed shaving
• Styling and grooming advice
• Scalp treatments and massages
• Hair coloring and texturing services
• Special packages for weddings and events

Operating Hours And Staffing Requirements

Consistent operating hours assure customers can book their visits with confidence. Your staffing needs will directly tie to these hours. A well-planned schedule maximizes efficiency and customer satisfaction. Here’s an example:

Analyze peak times to allocate more staff during busy hours. This ensures short wait times and high-quality service.

Market Analysis And Strategy

In shaping your barber shop’s success, a well-structured business plan is crucial. The ‘Market Analysis and Strategy’ section is where the real game begins. Understanding your target market and how to penetrate it effectively can make or break your business. This part of your plan will dissect the competitive landscape. It will also create a powerful marketing and advertisement blueprint.

Competitive Landscape

Begin by identifying your main competitors. Think about their strengths and weaknesses. Focus on what sets your barber shop apart . Is it customer service, unique styling techniques, or advanced booking options? Use a SWOT analysis to paint a clear picture of the market. This analysis highlights your shop’s strengths, weaknesses, opportunities, and threats.

Marketing And Advertisement Plan

For your barber shop to thrive, a robust marketing strategy is essential. Decide which platforms will best reach your audience. Will you use social media, local flyers, or partnerships with nearby businesses? Align these channels to your target clientele’s habits. Your goal is to create buzz and draw clients to your shop.

• Identify your target demographic : age groups, professions, and style preferences.
• Determine marketing channels : Instagram for younger clients or local newspapers for an older crowd.
• Run promotions : Offer opening discounts or refer-a-friend deals.
• Use local influencers : Collaborate with them for extended reach.
• Track results : Use analytics to understand what works and adjust accordingly.

Financial Projections And Funding

Creating a solid business plan for a barber shop means really understanding the numbers. The Financial Projections and Funding section shines a light on the economics behind your barbershop dream. With a good grasp on expected startup costs , operational overheads , and revenue expectations , you set the stage for success. This is also crucial for attracting investors or securing loans. Let’s dive into the specifics of forecasting your business finances.

Startup Costs And Overheads

Getting your barber shop off the ground involves initial expenses. Consider these key costs :

• Lease deposits for the shop space.
• Renovation and decor to craft the desired ambiance.
• Barber chairs and equipment , quality matters.
• Initial inventory of grooming products and supplies.
• Licensing and permits , never skimp on legality.
• Marketing and advertising , to announce your grand opening.
• Insurance and utility hookups , for a safe start.

Your monthly overheads will include:

• Rent , consistency is key.
• Salaries , pay your staff well.
• Utilities , keep the lights on.
• Supplies restock , always be prepared.
• Ongoing marketing , maintain visibility.

Revenue Streams And Break-even Analysis

Revenue streams are the lifeline of your barbershop.

Here are the main ones:

• Haircuts and styling , the core service.
• Shaving and grooming , for the extra mile.
• Retail products , recommend what you use.
• Membership or package deals , for regulars.

Break-even analysis pinpoints when profit starts. It’s when total revenue offsets ongoing costs. To find this point:

• Sum your fixed costs , which don’t change much.
• Understand your variable costs , which can fluctuate.
• Determine the average service price .
• Calculate how many services you need to cover all costs.

You need 260 haircuts a month to break even at these figures.

Location, Location, Location

Location is pivotal in a business like a barber shop . The right spot can attract a steady stream of clients, whilst a poor choice may hinder your shop’s visibility and accessibility. Understand the nuances of finding that perfect place to set up your grooming haven.

Choosing The Right Spot

Think of your target market and foot traffic . Busy streets, malls, and urban centers with ample parking are usually excellent choices. Consider the competition in the area; being the only barber shop in a neighborhood could mean less competition and more business.

• Nearness to target clientele
• Visibility and accessibility
• Competitor analysis
• Parking availability

Lease Negotiation And Setup

Understanding the terms of your lease is crucial . Negotiate terms that benefit your business in the long run. Examine clauses related to length, termination, and monthly costs.

Legal And Regulatory Considerations

Every barber shop starts with a vision and a pair of skilled hands. But to turn that vision into a successful business, knowing the legal and regulatory landscape is crucial. We’ll unfold the legal tapestry you must navigate when crafting your business plan: from licensing to insurance. Let’s make sure your barber shop starts sharp and stays sharp, compliant with all laws and regulations.

Licensing And Permits

Before the shop’s first snip, licenses and permits come into play. They’re your green light from authorities to operate. Every state has its own set. Ignoring them can lead to close-ups and fines. Check these three boxes:

• Business License: This is your official ticket to do business.
• Barber’s License: Proof you can handle shears like a pro.
• Health and Safety Permits: Your promise to keep customers safe.

To find specifics, contact local business bureaus. They guide which licenses fit your barber shop. Obtain them before the shop’s grand opening.

Insurance And Liability

Protecting your business against mishaps is smart. Insurance does just that. Lean on these staple policies:

Chat with insurance agents to tailor coverage to your needs. Don’t let unexpected events snip your success. Wise coverage is your safety net.

Building Your Team

Crafting a business plan for your barbershop requires more than financial projections and marketing strategies. The heart of your service, the team you build, is crucial for success. Quality trims and shaves come from skilled hands. Therefore, hiring skilled barbers and investing in training and culture development are pivotal steps.

Hiring Skilled Barbers

Finding the right barbers is your priority. Here’s a checklist to help:

• Look for certifications: Ensure candidates are trained and certified.
• Assess experience: Experience means speed and skill in a busy shop.
• Check portfolios: Previous work shows a barber’s talent.
• Conduct trial cuts: Test their skills in real scenarios.

Training And Culture Development

Once you hire barbers, training unites your team . Think about:

• Consistent Skill Levels: Ensure everyone meets your standard.
• Customer Service: Train for a great client experience.
• Shop Etiquette: Everyone should know the dos and don’ts.

Develop a culture that reflects your brand:

• Hold team meetings: Share goals and get feedback.
• Team activities: Build camaraderie outside work.
• Reward excellence: Acknowledge great work publicly.

A positive work culture keeps morale high. Your clients will notice.

Launching Your Barber Shop

Welcome to the exciting phase of launching your barber shop. After diligent planning, it’s time to introduce your brand to the community. A strategic approach to your opening can set a positive trajectory for your business. The following guidelines are crafted to assist you in orchestrating a successful launch and maintaining client relationships post-opening.

The Grand Opening

A memorable grand opening event can make a lasting impression. Start by setting a launch date and consider these actions:

• Send invites to local businesses and residents.
• Use local media to spread the word.
• Offer opening-day discounts to attract a crowd.

Create a festive atmosphere with decorations and music. Ensure your team is prepared to deliver top-notch service. A smooth opening day experience can encourage guests to return.

Post-launch Customer Retention

After a successful launch, focus on retaining customers. Engage with your clients and solicit feedback to refine your services. Implement the following retention strategies:

Customer Retention Strategies

Use social media and email campaigns to keep clients informed about new offers. Personalizing the customer experience can also foster stronger connections. Remember, a retained customer is a sign of business health and growth potential.

Frequently Asked Questions

How do i write a business plan for a barber shop.

Begin with a summary of your barber shop concept. Outline your target market, services offered, and pricing strategy. Detail your marketing plan and operational procedures. Include financial projections and funding requirements. Finally, present management team qualifications and create an appendix for supporting documents.

How Do You Build A Successful Barber Shop?

To build a successful barber shop, create a strong business plan, offer exceptional customer service, and maintain a clean, welcoming environment. Invest in skilled barbers, stay current with trends, and engage customers through effective marketing. Prioritize client satisfaction and solicit feedback for continuous improvement.

What Is The Financial Plan Of Barber Shop?

A barber shop’s financial plan includes budgeting for startup costs, ongoing expenses, profit projections, and cash flow management. It outlines investment requirements, pricing strategies, and projected financial growth.

What Is The Business Model Of A Barber?

A barber’s business model typically involves charging customers for hair cutting, styling, and grooming services. They may also sell hair care products, and some offer subscription or membership options for regular clients.

Embarking on a barber shop venture requires a solid foundation, and that begins with a robust business plan. This blueprint outlines your path to success, defining clear goals and strategies. Remember, attention to detail and thorough market analysis are your tools for growth.

A well-crafted business plan is not just paperwork; it’s the roadmap to your entrepreneurial journey in the barbering industry. Ready, set, snip your way to success!

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

Editorial Team

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

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

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

1. Decide If The Business Suits You

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

Barbershop Industry Trends

Barbershops are introducing new products and services to increase revenue.

Size and growth of the industry

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

Trends And Challenges

Barbershop trends include:

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

Barbershop industry challenges include:

• The risk of accidents and misunderstandings with customers

2. Hone Your Skillset

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

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

How Much Should You Charge For Services?

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

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

Who? Identify Your Target Market

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

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

Where? Choose Your Business Premises

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

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

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

3. Brainstorm/Find A Business Name

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

Here are some ideas for business names to consider:

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

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

4. Look Out For Suitable Premises

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

Client Coverage And Rent Ratio

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

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

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

Area Of The Site

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

General Amenities

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

5.  Light Up A Barber Shop Business Plan

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

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

Some of the basic services available in barbershops include:

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

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

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

6. Down Your Well-Devised Strategy

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

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

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

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

Inflow And Outflow

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

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

The Price Range Of Competitors

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

Aim of your brand

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

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

7.   Look Into Financing

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

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

Evaluate The Investment Cost

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

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

8. Look Into Regulations

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

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

Some fundamental policies include the following:

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

9. Deem About Health Safety Concerns

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

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

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

Chemical Safety

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

Electrical Safety

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

10. Find The Right Staff

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

Here are some pointers to look for:

In Hand Experience

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

Appearance And Social Skills

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

11. Your Equipment

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

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

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

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

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

12. Time To Attract The Customers

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

Build A Digital Persona

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

Offer Exclusive Discounts And Incentives

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

Provide Excellent Service

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

CONCLUSIONS

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

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

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Drilling plan meets Erie opposition

ERIE — A proposed oil and gas development that would include drilling underneath the town of Erie and parts of Boulder County faces opposition from some residents and officials.

According to the Boulder Daily Camera , Denver-based Extraction Oil & Gas’ Draco Pad Project calls for drilling 26 oil and gas wells from a location in unincorporated Weld County, down more than 7,000 feet, then horizontally, reaching 5 miles underneath Erie and into parts of Boulder County.

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