Lesson 3 of 11
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