Barber Shop Business Plan Template
If you want to start a barber shop business or expand your current one, you need a business plan.
Over the past 20+ years, we have helped over 7,000 entrepreneurs and business owners create business plans to start and grow their barber shops.
Below are links to each section of your barbershop business plan template:
2. Company Overview
3. Industry Analysis
4. Customer Analysis
5. Competitive Analysis
6. Marketing Plan
7. Operations Plan
8. Management Team
9. Financial Plan
Barber Shop Business Plan FAQs
What Is the Easiest Way to Complete My Barber Shop Business Plan?
Growthink's Ultimate Business Plan Template allows you to quickly and easily complete your Barber Shop Business Plan.
What Is a Barbershop Business Plan?
A solid business plan provides a snapshot of your barber shop as it stands today, and lays out your growth plan for the next five years. It explains your business goals and your strategy for reaching them. It also includes a marketing plan and market research to support your plans. Your plan should also include a full financial model including income statement, cash flow statement and balance sheets.
Why Do You Need a Business Plan?
If you’re looking to start a barber shop or grow your existing barber shop you need a business plan. A successful business plan will help you raise funding, if needed, and plan out the growth of your barber shop in order to improve your chances of success. Your own barber shop business plan is a living document that should be updated annually as your company grows and changes.
What Are the Sources of Funding for a Barber Shop?
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.