Barber Shop Business Plan Template

How to start a Barber shop Business?

Are you interested in starting your own barber Business?

How to start a barber business? This is a question that many people have been asking lately. There are a few things that you need to take into consideration when starting a barber business. The first thing you need to do is find a niche. What kind of barber business do you want to start? There are many different types of barber businesses, so you need to find one that suits your interests and skills. Once you have found your niche, the next step is to start marketing your business. You need to create a brand that will attract customers. You also need to create a website and social media accounts. You can use these platforms to promote your business and attract customers. The last step is to start providing services. You need to find a location where you can set up your shop. You also need to purchase equipment and supplies. Once you have everything set up, you can start providing services to your customers.
Global Market Size
The global barber market size was valued at USD 8.4 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 4.2% from 2020 to 2027. The growing popularity of hair styling among men and the rise in the number of male grooming salons are the major factors driving the growth of the barber market. In 2019, North America accounted for the largest share of the global barber market, followed by Europe and Asia Pacific. The large share of North America can be attributed to the high spending on personal care and the growing trend of beard grooming in the region. The Asia Pacific barber market is expected to grow at the highest CAGR during the forecast period. The growing population and the rising disposable incomes are the major factors driving the growth of the barber market in the Asia Pacific region. Some of the key players operating in the global barber market are V's Barbershop, Great Clips, Supercuts, Sport Clips, and Roosters Men's Grooming Center.
Target Market
When starting a barber business, it's important to identify your target market. Who are your potential customers? What are their needs and wants? Your target market may be men or women, young or old, who live in your community or who work nearby. They may want a traditional barbering experience or they may be looking for something modern and trendy. Once you know who your target market is, you can start to cater to their needs. For example, if you're targeting young professionals, you may want to offer online booking or extended evening hours. If you're targeting an older demographic, you may want to offer a more traditional barbering experience with hot towels and straight razor shaves. By identifying your target market and catering to their needs, you'll be on your way to success in the barbering business.
Business Model
There are a few different business models you can choose from when starting a barber business. You can either start your own barbershop from scratch, purchase an existing barbershop, or franchise a barbershop. Starting your own barbershop from scratch will require the most amount of work and capital. You will need to find a suitable location, build out the space, and purchase all the necessary equipment. However, you will have complete control over your business and will be able to build it exactly how you want it. Purchasing an existing barbershop is a less risky option and will require less capital. You will still need to put some money into renovating the space and purchasing new equipment, but you will not have to worry about finding a location or building out the space. This option is a good choice if you find a well-established barbershop that is for sale at a reasonable price. Franchising a barbershop is the easiest option and will require the least amount of work on your part. With this option, you will be able to use an existing brand and business model to get your business up and running quickly. However, you will have to pay royalties to the franchisor and will not have as much control over your business..
Competitive Landscape
When it comes to starting a barber business, it's important to be aware of the competitive landscape. There are a lot of barber businesses out there, so you'll need to make sure yours stands out. Here are a few tips:
1. Do your research. Before starting your business, take the time to research the industry and your competition. This will help you understand the market and what you need to do to be successful.
2. Find your niche. Once you know the competitive landscape, you can start to identify your niche. What makes your business unique? What can you offer that your competitors can't?
3. Create a marketing plan. Once you know your niche, you need to start marketing your business. This includes creating a branding strategy, developing marketing materials, and planning advertising and promotion campaigns.
4. Build a strong team. In any business, but especially in a competitive industry like barbering, it's important to have a strong team behind you. This includes experienced professionals who can help you run your business and provide quality services.
5. Focus on customer service. In the end, it's all about the customer. Make sure your business provides excellent customer service, and you'll be on your way to success.
After reading this guide, you should have a much better idea of what it takes to start a barber business. Of course, there’s a lot more to it than what we’ve covered here, but this should give you a good foundation. If you’re still not sure if starting a barber business is right for you, then it’s worth doing some more research. Talk to other barbers and see what they think. There are also plenty of resources online that can help you learn more about the business. Ultimately, the decision is up to you. But if you’re passionate about hair and have always dreamed of running your own business, then a barber business could be a great option. So what are you waiting for? Get out there and start making your dream a reality!

Why write a business plan?

A business plan is a critical tool for businesses and startups for a number of reasons:
  • Business Plans can help to articulate and flesh out the business’s goals and objectives. This can be beneficial not only for the business owner, but also for potential investors or partners
  • Business Plans can serve as a roadmap for the business, helping to keep it on track and on target. This is especially important for businesses that are growing and evolving, as it can be easy to get sidetracked without a clear plan in place.
  • Business plans can be a valuable tool for communicating the business’s vision to employees, customers, and other key stakeholders.
  • Business plans are one of the most affordable and straightforward ways of ensuring your business is successful.
  • Business plans allow you to understand your competition better to critically analyze your unique business proposition and differentiate yourself from the market.
  • Business Plans allow you to better understand your customer. Conducting a customer analysis is essential to create better products and services and market more effectively.
  • Business Plans allow you to determine the financial needs of the business leading to a better understanding of how much capital is needed to start the business and how much fundraising is needed.
  • Business Plans allow you to put your business model in words and analyze it further to improve revenues or fill the holes in your strategy.
  • Business plans allow you to attract investors and partners into the business as they can read an explanation about the business.
  • Business plans allow you to position your brand by understanding your company’s role in the marketplace.
  • Business Plans allow you to uncover new opportunities by undergoing the process of brainstorming while drafting your business plan which allows you to see your business in a new light. This allows you to come up with new ideas for products/services, business and marketing strategies.
  • Business Plans allow you to access the growth and success of your business by comparing actual operational results versus the forecasts and assumptions in your business plan. This allows you to update your business plan to a business growth plan and ensure the long-term success and survival of your business.

Business Plan Content


Many people struggle with drafting a business plan and it is necessary to ensure all important sections are present in a business plan:
  1. Executive Summary
  2. Company Overview
  3. Industry Analysis
  4. Consumer Analysis
  5. Competitor Analysis & Advantages
  6. Marketing Strategies & Plan
  7. Plan of Action
  8. Management Team

The financial forecast template is an extensive Microsoft Excel sheet with Sheets on Required Start-up Capital, Salary & Wage Plans, 5-year Income Statement, 5-year Cash-Flow Statement, 5-Year Balance Sheet, 5-Year Financial Highlights and other accounting statements that would cost in excess of £1000 if obtained by an accountant.

The financial forecast has been excluded from the business plan template. If you’d like to receive the financial forecast template for your start-up, please contact us at . Our consultants will be happy to discuss your business plan and provide you with the financial forecast template to accompany your business plan.

Instructions for the Business Plan Template

To complete your perfect barber business plan, fill out the form below and download our barber business plan template. The template is a word document that can be edited to include information about your barber business. The document contains instructions to complete the business plan and will go over all sections of the plan. Instructions are given in the document in red font and some tips are also included in blue font. The free template includes all sections excluding the financial forecast. If you need any additional help with drafting your business plan from our business plan template, please set up a complimentary 30-minute consultation with one of our consultants.

Ongoing Business Planning


With the growth of your business, your initial goals and plan is bound to change. To ensure the continued growth and success of your business, it is necessary to periodically update your business plan. Your business plan will convert to a business growth plan with versions that are updated every quarter/year. Avvale Consulting recommends that you update your business plan every few months and practice this as a process. Your business is also more likely to grow if you access your performance regularly against your business plans and reassess targets for business growth plans.


Want a Bespoke Business Plan for your barber Business?

Our Expertise


Avvale Consulting has extensive experience working with companies in many sectors including the barber industry. You can avail a free 30-minute business consultation to ask any questions you have about starting your barber business. We would also be happy to create a bespoke barber business plan for your barber business including a 5-year financial forecast to ensure the success of your barber business and raise capital from investors to start your barber business. This will include high-value consulting hours with our consultants and multiple value-added products such as investor lists and Angel Investor introductions.


About Us


Avvale Consulting is a leading startup business consulting firm based in London, United Kingdom. Our consultants have years of experience working with startups and have worked with over 300 startups from all around the world. Our team has thousands of business plans, pitch decks and other investment documents for startups leading to over $100 Million raised from various sources. Our business plan templates are the combination of years of startup fundraising and operational experience and can be easily completed by a business owner regardless of their business stage or expertise. So, whether you are a budding entrepreneur or a veteran businessman, download our business plan template and get started on your business growth journey today.
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barber shop Business Plan Template FAQs

What is a business plan for a/an barber shop business?

A business plan for a barber shop business is a comprehensive document that outlines the goals, strategies, and financial projections for establishing and operating a successful barber shop. It serves as a roadmap for entrepreneurs to obtain financing, attract investors, and guide their business operations. The business plan typically includes details on the target market, competitive analysis, marketing and sales strategies, operational procedures, staffing requirements, financial forecasts, and contingency plans. It helps entrepreneurs analyze and communicate their business idea, demonstrating its viability and potential for growth.

How to customize the business plan template for a barber shop business?

To customize the business plan template for your barber shop business, follow these steps:\n\n1. Open the template: After purchasing the business plan template, download and open it using the appropriate software. The template is usually provided in a commonly used format like Microsoft Word or Google Docs.\n\n2. Review the existing content: Read through the template to familiarize yourself with the content and structure. It typically includes sections like executive summary, company description, market analysis, marketing strategies, financial projections, and more.\n\n3. Modify the executive summary: Start by updating the executive summary with information specific to your barber shop business. Provide a brief overview of your company, its goals, and key highlights.\n\n4. Customize company description: Modify the existing company description to accurately reflect your barber shop. Include details about your location, target market, services offered, unique selling points, and any other relevant information.\n\n5. Conduct market analysis: Research your local market and gather relevant data to update the market analysis section. Identify your target audience, analyze competitors, and assess industry trends. Incorporate this information into the template.\n\n6. Tailor marketing strategies: Analyze your target market and devise marketing strategies accordingly. Update the marketing section by outlining how you will promote your barber shop, attract customers, and build brand awareness.\n\n7. Adjust financial projections: Customize the financial projections based on your barber shop's projected revenue and expenses. Modify the existing financial statements and charts to reflect your own numbers, taking into account factors such as pricing,

What financial information should be included in a barber shop business plan?

In a barber shop business plan, the following financial information should be included:\n\n1. Start-up Costs: This section should outline the initial expenses involved in setting up the barber shop, such as lease or purchase of premises, renovation and decoration costs, equipment purchases, licensing and permits, initial inventory, marketing, and legal fees.\n\n2. Sales Forecast: Provide a projection of your expected sales over a specific period, typically three to five years. This should be based on market research, competitor analysis, and the target market size. Consider factors such as pricing, customer demand, and seasonality.\n\n3. Operating Expenses: Outline the ongoing expenses required to run the barber shop, including rent, utilities, salaries and wages, insurance, advertising, supplies, maintenance, and any other recurring costs. It is essential to accurately estimate these expenses based on market research and industry benchmarks.\n\n4. Profit and Loss Statement: This statement summarizes the barber shop's revenue, costs, and expenses, providing a clear picture of profitability over a specific period. It should include both fixed and variable costs, allowing you to determine your margins and identify areas for cost control.\n\n5. Cash Flow Statement: This statement tracks the inflow and outflow of cash from the barber shop's operations, investments, and financing activities. It helps you assess your ability to meet financial obligations, manage working capital, and plan for future capital expenditures or expansion.\n\n6. Break-Even Analysis: This analysis determines the point at which your barber shop will cover

Are there industry-specific considerations in the barber shop business plan template?

Yes, there are industry-specific considerations in the barber shop business plan template. The template will include sections and information specific to the barber shop industry, such as market analysis of local competition, target market demographics, service offerings, pricing strategies, and marketing plans tailored for a barber shop. Additionally, the template may include financial projections and cost analysis specific to running a barber shop, such as estimating the cost of equipment, supplies, and employee wages.

How to conduct market research for a barber shop business plan?

To conduct market research for a barber shop business plan, follow these steps:\n\n1. Identify your target market: Determine the specific demographic you aim to serve, such as age, gender, and income level. Consider factors like location, competition, and local demand.\n\n2. Analyze the competition: Research existing barber shops in your area. Evaluate their services, pricing, customer experience, and reputation. Identify any gaps or opportunities to differentiate your business.\n\n3. Survey potential customers: Create a survey to gather insights from your target market. Ask questions about their preferences, needs, and expectations regarding barbershops. Online surveys or in-person interviews can provide valuable data.\n\n4. Analyze industry trends: Stay up-to-date with the latest trends and techniques in the barbering industry. Look for emerging services, technologies, and customer demands that could impact your business.\n\n5. Assess local market demand: Gather data on the local population, including demographics, income levels, and lifestyle preferences. Identify if there is a sufficient customer base to support your barber shop.\n\n6. Estimate market size and growth: Use demographic data and industry trends to estimate the potential market size and growth rate. This will help determine the revenue potential and viability of your business.\n\n7. Evaluate pricing strategies: Research how other barber shops price their services in your area. Consider factors such as competitive pricing, cost of operations, and value-added services to determine your pricing strategy.\n\n8. Study customer preferences: Analyze customer reviews, feedback, and

What are the common challenges when creating a business plan for a barber shop business?

Creating a business plan for a barber shop business can be a challenging task. Here are some common challenges that individuals face during this process:\n\n1. Market research: Conducting thorough market research to understand the local competition, target audience, and industry trends can be time-consuming and complex. Identifying potential customers and understanding their preferences and needs is crucial for a successful business plan.\n\n2. Financial projections: Estimating the costs involved in starting and operating a barber shop, including equipment, licenses, marketing, and personnel expenses, can be a challenge. Additionally, projecting revenue streams and calculating potential profits can be difficult, especially for those without prior business experience.\n\n3. Competitive advantage: Determining how your barber shop will stand out from the competition is essential for success. Identifying your unique selling proposition, such as offering specialized services, a distinctive atmosphere, or highly skilled barbers, can be challenging but is vital for attracting and retaining customers.\n\n4. Marketing and advertising strategies: Developing effective marketing and advertising strategies to attract customers can be a challenge. Identifying the most appropriate channels, such as social media, local advertising, or partnerships with other businesses, requires careful consideration and research.\n\n5. Operational considerations: Creating a barber shop business plan requires addressing various operational aspects, such as staffing, scheduling, and inventory management. Determining the optimal number of barbers, their qualifications, and scheduling arrangements can be complex, particularly when considering peak and off-peak times.\n\n6. Regulations and licensing: Understanding and complying with

How often should I update my barber shop business plan?

It is recommended to update your barber shop business plan at least once a year. However, it is important to review and revise your business plan whenever significant changes occur in your business, such as expansion, new services, changes in target market, or shifts in the competitive landscape. Regularly updating your business plan ensures that it remains relevant, reflects the current state of your business, and helps you adapt to any market changes or challenges that may arise.

Can I use the business plan template for seeking funding for a barber shop business?

Yes, you can definitely use the business plan template for seeking funding for a barber shop business. A well-written business plan is a crucial component when presenting your business to potential investors or lenders. The template will guide you through the process of creating a comprehensive and professional business plan that outlines your barber shop's goals, strategies, financial projections, and market analysis. It will help you showcase the viability and potential profitability of your business, which is essential when seeking funding.

What legal considerations are there in a barber shop business plan?

When creating a barber shop business plan, there are several legal considerations that you should keep in mind. These include:\n\n1. Business Licenses and Permits: Research and obtain the necessary licenses and permits required to operate a barber shop in your specific location. This may include a general business license, barbering license, health department permit, and more. Check with your local government or regulatory agencies to ensure compliance.\n\n2. Zoning and Lease Agreements: Ensure that your chosen location is zoned for a barber shop. Review lease agreements carefully to understand any restrictions or requirements related to the operation of your business.\n\n3. Employment Laws: Understand and comply with local, state, and federal employment laws. This includes proper classification of employees and independent contractors, minimum wage requirements, overtime regulations, and workplace safety standards.\n\n4. Health and Safety Regulations: Barber shops must adhere to health and safety regulations to protect both customers and employees. This includes sanitation practices, proper disposal of hazardous waste, and maintaining a clean and safe working environment.\n\n5. Intellectual Property: Avoid infringing on existing trademarks or copyrighted materials when creating your branding, logo, or marketing materials. Conduct thorough research to ensure your business name, logo, and other assets do not violate any existing intellectual property rights.\n\n6. Insurance Coverage: Protect your business and its assets by obtaining appropriate insurance coverage. This may include general liability insurance, property insurance, workers' compensation insurance, and professional liability insurance.\n\n7. Contracts and Agreements: Develop contracts and

Barber Shop Business Plan Template FAQs

What is a business plan for a/an Barber Shop business?

A business plan for a Barber Shop business is a comprehensive document that outlines the purpose, goals, strategies, and financial projections of the barber shop. It serves as a roadmap for the business owner, providing a detailed overview of how the barber shop will operate and achieve success. The business plan typically includes information about the target market, competitor analysis, marketing and sales strategies, operational plans, staffing requirements, and financial projections. This document is crucial for obtaining funding from investors or lenders, as it demonstrates the viability and potential profitability of the barber shop business.

How to customize the business plan template for a Barber Shop business?

Customizing the business plan template for a Barber Shop business is a straightforward process. Here's a step-by-step guide on how to do it:

1. Open the business plan template: Start by downloading the business plan template for a Barber Shop business. Open the template in a compatible software program like Microsoft Word or Google Docs.

2. Review the template: Familiarize yourself with the content and structure of the template. Take note of the different sections and subsections included, such as the executive summary, market analysis, marketing strategy, financial projections, etc.

3. Update the executive summary: Begin by customizing the executive summary section of the business plan template. Replace the sample text with a concise and compelling summary of your Barber Shop business, highlighting its unique selling points, target market, and financial goals.

4. Modify the market analysis: Tailor the market analysis section to your specific Barber Shop business. Conduct thorough research on your target market, competitors, and industry trends. Replace the generic information in the template with accurate and relevant data for your business.

5. Personalize the marketing strategy: Adapt the marketing strategy section to reflect your Barber Shop's unique marketing approach. Identify your target audience, outline your marketing channels, and describe any promotional campaigns or partnerships you plan to undertake.

6. Adjust the financial projections: Customize the financial projections section according to your Barber Shop's specific financial goals and projections. Modify the revenue forecasts, cost estimates, and expense projections to accurately represent your business's financial outlook

What financial information should be included in a Barber Shop business plan?

In a Barber Shop business plan, the following financial information should be included:

1. Start-up costs: This includes the estimated expenses required to set up the barber shop, such as lease or purchase of premises, renovation and construction costs, equipment and furniture purchases, licensing fees, insurance, initial inventory, and any other start-up expenses.

2. Sales forecast: Provide a detailed projection of the expected sales revenue for the first few years of operation. This forecast should be based on market research, competitor analysis, and realistic assumptions about customer demand and growth potential.

3. Operating expenses: List all the ongoing expenses associated with running the barber shop, including rent or mortgage payments, utilities, salaries and wages, marketing and advertising costs, supplies, maintenance, and any other recurring expenses.

4. Profit and loss statement: Present a comprehensive profit and loss statement that outlines the expected revenue, cost of goods sold, gross profit, operating expenses, and net profit. This statement will help demonstrate the potential profitability of the barber shop.

5. Cash flow statement: Provide a detailed cash flow projection that shows the expected inflows and outflows of cash over a specific period, typically monthly or quarterly. This statement will help assess the business's ability to meet its financial obligations and cover day-to-day expenses.

6. Break-even analysis: Include a break-even analysis that determines the point at which the barber shop's total revenue equals its total expenses. This analysis helps identify the minimum sales volume needed to cover costs and start generating

Are there industry-specific considerations in the Barber Shop business plan template?

Yes, our Barber Shop business plan template includes industry-specific considerations. It covers key aspects such as market analysis, competitor analysis, target market demographics, pricing strategies, services offered, marketing and promotional strategies, hiring and training of barbers, equipment and supplies required, financial projections, and more. The template is specifically tailored to the Barber Shop industry, ensuring that all essential elements are included to help you create a comprehensive and professional business plan for your barber shop.

How to conduct market research for a Barber Shop business plan?

To conduct market research for a Barber Shop business plan, follow these steps:

1. Define your target market: Determine the specific group of customers you want to serve, such as men, women, or children. Consider their age, income level, interests, and location.

2. Analyze the competition: Identify other Barber Shops in your area and evaluate their services, pricing, customer base, and reputation. Understand their strengths and weaknesses to find opportunities for differentiation.

3. Survey potential customers: Create a survey or questionnaire to gather information about customer preferences, needs, and expectations. Ask about their grooming habits, favorite services, pricing expectations, and desired atmosphere.

4. Analyze demographic data: Utilize demographic data from government sources or market research agencies to understand population size, growth rates, income levels, and other relevant factors. This will help you identify potential locations and target markets.

5. Gather industry insights: Research industry trends, challenges, and opportunities in the barbering industry. Stay informed about emerging styles, grooming products, and technologies that may impact your business.

6. Analyze social media and online reviews: Monitor social media platforms and review websites to understand what customers are saying about existing Barber Shops. Pay attention to customer complaints, compliments, and any unmet needs that your business could fulfill.

7. Conduct focus groups or interviews: Organize focus groups or one-on-one interviews with potential customers to gain in-depth insights into their preferences, expectations, and pain points. This qualitative research can provide

What are the common challenges when creating a business plan for a Barber Shop business?

Creating a business plan for a Barber Shop business can be quite challenging due to various factors. Some common challenges that entrepreneurs may face when creating a business plan for a Barber Shop business include:

1. Market research: Conducting thorough market research is crucial to understanding the target audience, identifying competitors, and determining the demand for barber shop services in a specific location. However, gathering accurate and up-to-date market data can be time-consuming and challenging.

2. Financial projections: Developing accurate financial projections is essential for a business plan. Determining start-up costs, estimating revenue, and projecting expenses can be difficult, especially for those new to the industry. It requires careful consideration of factors such as rent, utilities, employee wages, and inventory costs.

3. Competitive analysis: Barber shops can face significant competition, both from other barber shops and from hair salons. Conducting a comprehensive competitive analysis is vital to identify potential threats and develop strategies to differentiate your business. It can be challenging to gather information on competitor pricing, services offered, and customer satisfaction levels.

4. Marketing and branding: Building a strong brand and marketing strategy is essential for a barber shop's success. Creating a unique brand identity, establishing a strong online presence, and effectively promoting services can be challenging, especially for those with limited marketing experience.

5. Regulations and licensing: Operating a barber shop requires compliance with various regulations and licensing requirements, such as health and safety standards, licensing for barbers, and permits for the establishment. Understanding and navigating these

How often should I update my Barber Shop business plan?

It is recommended to update your Barber Shop business plan at least once a year or whenever significant changes occur in your business. This could include changes in your target market, competition, marketing strategies, pricing, or financial projections. Regularly reviewing and updating your business plan ensures that it remains relevant and aligned with your current goals and objectives. Additionally, it allows you to adapt to market trends and make informed decisions to drive the success of your Barber Shop.

Can I use the business plan template for seeking funding for a Barber Shop business?

Yes, absolutely! Our business plan template is designed to provide you with a comprehensive and professional document that can be used to seek funding for your Barber Shop business. It includes all the necessary sections and information that lenders and investors typically look for when evaluating a business proposal. With our template, you can showcase the potential of your Barber Shop business, outline your financial projections, highlight your marketing strategy, and demonstrate your understanding of the industry. Remember to tailor the template to fit the specific needs and requirements of your target audience, whether it's a bank, investor, or any other funding source.

What legal considerations are there in a Barber Shop business plan?

When creating a Barber Shop business plan, it is crucial to consider various legal considerations. Some of the key areas to address include:

1. Business Structure: Determine the most appropriate legal structure for your Barber Shop, such as a sole proprietorship, partnership, limited liability company (LLC), or corporation. Each structure has different legal and tax implications, so it's important to consult with a business attorney or accountant to make an informed decision.

2. Licensing and Permits: Research and comply with all federal, state, and local licensing requirements and permits necessary to operate a Barber Shop. This may include obtaining a barber license, salon permit, health and safety permits, and other industry-specific permits.

3. Employment Regulations: Understand and comply with labor laws and regulations when hiring and managing employees. This includes complying with minimum wage laws, providing a safe working environment, adhering to anti-discrimination laws, and understanding employee rights and benefits.

4. Contracts and Agreements: Include any contracts or agreements relevant to your Barber Shop business plan, such as lease agreements for the shop space, contracts with suppliers, and employment agreements. Ensure that these contracts are reviewed by a legal professional to protect your interests.

5. Intellectual Property: If your Barber Shop has a unique name, logo, or branding elements, consider trademarking them to protect your intellectual property. Conduct a thorough search to ensure your chosen name or logo does not infringe on existing trademarks.

6. Insurance: Research and obtain the necessary insurance coverage for