Barber School Business Plan, Marketing Plan, How To Guide, and Funding Directory
The Barber School Business Plan and Business Development toolkit features 18 different 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 School 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.
Your Business Planning Package will be immediately emailed to you after you make your purchase.
- Bank/Investor Ready!
- Complete Industry Research
- 3 Year Excel Financial Model
- Business Plan (26 to 30 pages)
- Loan Amortization and ROI Tools
- Three SWOT Analysis Templates
- Easy to Use Instructions
- All Documents Delivered in Word, Excel, and PDF Format
- Meets SBA Requirements
Barber schools are one of the oldest type of vocational institution within the United States. One of the best things about owning and operating a barber school is that their revenues are almost always immune from negative changes in the economic climate. This is due to the fact that during times of economic recession – many people look to change their careers and people that have had an interest in cosmetology will enroll in barber schools in order to learn a new trade. Additionally, there are many federal and state programs available for individuals that are learning a new trade such as becoming a barber. There are also reimbursement programs and tuition assistance programs that are available to licensed technical schools including schools of barbering and cosmetology. Second, these businesses are able to remain profitable and cash flow positive at all times given that people are going to need a haircut regardless of how the economy is doing. Most barber schools provide the general public with a way of getting a low-cost haircut by having students provide the services. The gross margins generated from barber school operations are very high given that this is a service focused business. Typically, the gross margins for a haircut or related cosmetology service ranges anywhere from 90% to 95% depending on what hair care products are used during the course of the haircut. The startup costs associated with a new barber school typically run anywhere from $75,000 all the way to $250,000 depending on the location, size of the school, services offered, and whether or not the school be accepting any tuition reimbursement programs in order to assist students.
Investors, banks, and private funding sources are always very receptive to providing capital for a new barber school given the reasons above. Of course, and as with any type of capital raising activity – a barber school business plan is going to be needed. This business plan, like all similar documents, should include a three year profit and loss statement, cash flow analysis, balance sheet, breakeven analysis, and business ratios page. Additionally, a demographic analysis focusing on the number of people that have an interest in barbering and cosmetology should be included. Beyond examining the types of students that will become enrolled in the companies programs an additional focus should be given to people that will come to the barber school in order to have their hair cut or styled. As it relates to this part of an analysis a full breakdown of the local and regional median household income, median family income, population size, and population density should be included within the document.
Once the business plan is developed is time to produce the barber school marketing plan. It should be noted within this document the entrepreneur’s ability to develop referral relationships with local high schools as well as community colleges that will refer individuals who want to learn a trade. Additionally, many barber schools will seek to develop an expansive web presence in order to ensure that people can find location easily when they want haircut. The marketing strategies will be frequently used by a barber shop should also be used by barber school or cosmetology school. This will ensure that the brand-name visibility the location will increase. Additionally, as the brand name increases people that have an interest in becoming a barber will know the location and understand that they can enroll in the company’s services so that they can obtain their license. These days most businesses will maintain an expansive presence on social media including platforms such as FaceBook, Twitter, Instagram, and Google+. It is very important that a barber school maintain a social media page so that people who are looking to have their hair cut can find the business but also to increase visibility among people that are looking to enroll in the company’s academic services. A profile that allows for individuals to place reviews on the social media platform should be included as well given that many people will use social media now to find local services. Most of these institutions also engage in a moderate traditional print-based advertising campaign.
A barber school SWOT analysis should also be developed in conjunction with the two documents discussed above. For strengths, barber schools are almost always able to remain profitable and the demand among people to learn this trade is exceptionally high. Relating to weaknesses, a barber school typically does have very high operating costs given that they must maintain a moderate size facility as well as a staff that can properly train individuals in the art of barbering and cosmetology. For opportunities, many barber schools expand by developing additional locations once their initial location has reached 100% capacity. Additionally, these institutions will frequently look to expand the number of services that they offer to the general public in order to boost revenues on a year on year basis. For threats, there is really nothing that is going to impact the way that these businesses conduct business moving forward. This is one of the oldest industries within the United States and not too much has changed in the several hundred years that barber schools, barber shops, and cosmetology schools have been in operation.