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

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

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

Product Speci cations (please see images below):

Bank/Investor Ready
Complete Industry Research for the Industry
3 Year Excel Financial Model
Business Plan (26 to 30 pages)
Marketing Plan (24 to 28 pages)
425+ Page Funding Directory
PowerPoint Presentation
Loan Amortization and ROI Tools
Three SWOT Analysis Templates
How to Start a Business Guide
Easy to Use Instructions
All Documents Delivered in Word, Excel, and PowerPoint Format
Meets SBA Requirements

Pro t And Loss Statement

As no one can really give themselves a haircut or style their own hair, barber shops are in a industry that is
holy immune from negative changes in the economic climate. The low pricing point for a haircut generally
allows these companies to remain pro table and cash ow positive in all economic climates. Most
importantly, the startup costs associated with the new barber shop are very low and the barriers to entry
are very low. As it relates to startup costs, a new barber shop can usually be developed for as little as
$25,000 or as much as $75,000 depending on location, number of sta at the onset of operations, and the
size of the market. As it relates to the barriers to entry, most barbers need to have a cosmetology license in
order to render the services to the general public. However, after a brief period of studying and
apprenticeship – an individual can quickly become licensed as a barber.

A barber shop business plan should contain a number of di erent elements that focus on the local market
in which the business is being launched as well as the anticipated nancial results over a three-year
period. Within this document, a pro t and loss statement, cash ow analysis, breakeven analysis, balance
sheet, and business ratios page should be developed in order to showcase to potential funding source how
the business would be able to repay its obligations. Most banks, lenders, and private investors are happy to
nance the operations of a barber shop given their high gross margins as well as their economic stability.
Generally, the operating and overhead costs associated with a barber shop are relatively low in less the
rent of the facility is extremely high. Within the business planning document, a full market analysis that
discusses competition, the population, median household income, and how much people are willing to
spend on a haircut within the market should be thoroughly discussed.

A barber shop marketing plan should also be developed given the amount of competition among these
businesses in any local or regionalized market. This marketing plan should include information about how
both print advertisements as well as a massive online campaign will be maintained in order to draw
customers to the location. Most importantly, it is very important that a well-developed marketing plan
include a thorough discussion about online marketing given that most people now nd local services, like
shops, online. Additionally, an online platform also allows people see strong reviews among people had a
good experience at the business. Of any element to the marketing plan, the discussions regarding online
marketing should be of the foremost importance.

Beyond these initial two documents, a barber shop SWOT analysis should also be developed to determine
whether the company will be economically viable within its local market. This document focuses on the
strengths, weaknesses, opportunities, and threats that are associated with this business. As it relates the
strengths, barber shops are able to – again – remain pro table in most economic climates. Additionally,
they generate substantial gross margins by providing haircuts to the general public. For weaknesses, there
are always a number of hair salons and barber shops in any market and as such it is important to develop a
di erentiating factor so that the barber shop stands out from the crowd. Relating to opportunities, these
businesses can expand by developing additional locations while hiring associate barbers that will render
services at the company’s facility. For threats, there is nothing at this time that is going to impact the way
that a barber shop conducts its operations.