Lesson 3 of 11
In Progress

Budgeting

Nick August 2, 2022

What are the costs involved in opening a barber shop?

Experienced barbershop owners suggest a minimum capital investment of $150,000 to $200,000. This includes the following items:

  • Attending barber school – $6,500 to $10,000 (not necessary if you licensed barbers are cutting on your shop)

  • Office space – cost varies, based on location

  • Construction costs – your space must be up to current electric and plumbing standards

  • Permits and licenses

  • Insurance – speak with a licensed agent to determine what policies you need $2,400.

  • Marketing materials – $3,000Shop equipment – cash register, business management software, signage – $14,000

  • Shop inventory – chairs, child seats, clippers, scissors, trimmers, razors, brushes, mirrors, shaving powder, hair cream, after shave, cleaning supplies, etc. – $20,000

  • Furniture and miscellaneous necessities – $5,000

  • Website – $1,500 to $3,500