Barbing Salon Business plan / feasibility study sample could be the difference between you owning a profitable Barbing Salon business and others
Barbers are always needed because hair will always grow, this is one business that has no season, barbing salon business has been around for years and smart Nigeria who have gone into this line of business are making their money with ease.
Do you want to start a standard barbing salon business in Nigeria If YES, there is a Feasibility study barbing salon business plan in Nigeria template you can use as a guide in starting a standard barbing salon in Nigeria
If you have been considering this line of business I encourage you to take action and start but if you have been seeing this business as a low profit venture you are wrong because it’s not.
A barbing salon is a place you cut, shave, style and groom your hair. One good thing about this business is that as a barber your service will always be needed because hair is constantly growing and you would be needed.
You must not run the business by yourself, you can set up the place, employ good barbers that you pay on commission, its very simple and I know lots of Nigerians who have been doing this business for some time now and they smile to the bank every now and then.
An average guy probably visits the barbing salon every week to cut and shave his hair, the cost of cutting and shaving depends on the quality of service that is offered in this barbing salon.
Barbing Salon Feasibility Study
Barbing salon business remains is one of the rapidly growing beauty industries in Nigeria today and many people are making some serious money from their barber shop.
Contrary to some believe that barbing salon is for the less serious minded persons it would like to debunk that theory and let you know that barbing salon is a money spinning business venture that can be very profitable
On a good working day a barber gets a minimum of 20 haircuts each day. By regular days, I mean from Monday to Thursday. Then from Friday to Sunday, I give about 30 haircuts on each of these days, we call those our peak days. I also have 11 VIP customers who I give Home Service. I give all of my VIP clients a haircut once week at the rate of N1500. So lets do the math
Normal Price of haircut: N500
VIP/ Home Service cost: N2000 or more depending on your location
Regular days: Monday — Thursday (20haircuts each day)
Peek days: Friday — Sunday (30 haircuts each day)
Lets assume you get 20 haircuts each day on regular days: N500 X 20 = N10,000
Total haircuts for regular days (i.e. Mon, Tues, Wed and Thurs.): N10,000 X 4days = N40,000
To give a minimum of 30 haircuts each day on Peek days (i.e. Fri, Sat, Sun): 30haircuts X N500 = N15,000
Total haircuts for Peek days: N15,000 X 3days = N45,000
VIP/Home Service a week = N2000 X 11 Persons = N22,000
Therefore, the total amount made in a week: N40, 000 + N 45,000 + N22000 = N107,000
Estimated Total for the month = N107,000 X 4weeks = N428,000.00
This barbing salon business plan in Nigeria has been recently updated and can be used for business grant application, bank loan applications, for writing business plan proposals, to write business plan concept notes, for business grant competitions, other competitions, and so on.
Starting a barbing salon business in nigeria as profitable it may be required strategic planning to start and succeed and that why we have put up this barbering salon business plan to help you with the implementation of important aspect of starting a barbing salon in Nigeria
Get your Barbing Salon Business Plan in Nigeria. To place an order, pay N15,000 to
GTBank (Guaranty Trust Bank)
Account Name — Uwadia Eyemeka
Account No — 0127561472
OR
OPAY
Account Name – Eyemeka Uwadia
Account No. – 7036785443
After payment text your name, your e-mail address and bank teller number to 07036785443 and you’ll receive your Barbing Salon Business Plan in Nigeria.
How to Start a Barbing Salon Business in Nigeria
Starting a standard barbing salon in Nigeria can be very profitable but there are certain steps you need to take to insure you maximize the profitability here are some factors you need to put into considerations
Geting a business plan is one thing but the barbing salon business is one that requires that you have some experience in the barbing salon business.
Starting a barbing salon in Nigeria is not a business you just rush into it all in the name of becoming barbing salon owner or because you have given a few of your friends good haircuts.
If you know you that you are not yet a professional, you can either go and get trained or employ a barber to avoid the embarrassment that you might get when you give a whack hair cut t a potential costumer.
Knowledge & Skill
To be successful in this line of business you need to have a complete knowledge of the business, you may not be the one cutting the hair but you should know what the requirements are.
To give a satisfactory service you need to be good, so learning and having a enough knowledge is key, so before you begin, its important that you take some time off to learn different styles, hair treatment, beauty tips.
Its advisable to take some time and learn what the Barbing salon Business demands. Learn the different styles in vogue, hair treatment, health and beauty tips and customer care.
Dont be in a hurry to become a barbing salon owner. Go through training first, even if you wont be the actual person giving the haircuts in your business!
Get your barbing salon business registered with the corporate affairs commission of Nigeria, CAC.
The location where you barber shop is located also plays an important role in determining how profitable you barbing saloon business would turn out , select A Street that is easily accessible from all parts of your desired area. Busy streets, close to a shopping market/ mall, are an advantage.
Offer a clean and safe atmosphere. Salons flourish in clean, safe and relaxing environment where customers can receive quick and professional service.
Standard Barbing Salon Equipment
Salon space (Unless you have ample space at home, you will need to rent a shop)
- Generator Set (For power outages)
- One or two styling chairs
- Quality Hair Clippers
- A disinfectant container with disinfectant or sterilizing solution
- Comfortable Seats for the reception area
- Cabinet for clean towels and supplies
- Wall Mirrors
- Sterilizing Unit
- Hair Treatment Supplies (e.g. Sets of combs, scissors, powder, spirit, lotions etc)
- Entertainment (TV, DSTV, Sound System, newspapers/magazines)
- Dust Pan With Whisk Handheld Broom
How Much Does it Cost to Open A Barbing Salon in Nigeria
Starting a barbing salon requires enough capital but The amount of capital you need to start the business depends on your choice and quality of salon design, rent, fixtures and leasehold improvements and equipment that you intend to use.
TABLE OF CONTENT
Executive Summary
Introduction
Business Description
Products and services
Competitive Advantage
Market Research
Competitor Analysis
Sales and Marketing Plan
Operational Plan
Business Risk
Management and Structure
Financial Plan and Projections
Our Barbing Salon Business Plan in Nigeria is 10,000 naira. To place an order, pay N15,000 to
GTBank (Guaranty Trust Bank)
Account Name — Uwadia Eyemeka
Account No — 0127561472
OR
OPAY
Account Name – Eyemeka Uwadia
Account No. – 7036785443
After payment text WhatsApp your name, your e-mail address and proof of payment to 07036785443 and receive your BARBING SALON BUSINESS PLAN IN NIGERIA.