After carrying out an absolute feasibility study on barbing salon businesses in Nigeria, I decided to share this guide with as many as are interested in setting up a standard barbing salon business in Nigeria.
There’s no doubt the salon business is a lucrative one to startup. In fact, it is lucrative to be the point that it is featured in our list of top lucrative businesses in Nigeria that do not require any certificate to start.
But before we begin to dive deep into the main lesson I’ll start from basics because of people who might be finding some terms confusing or difficult to understand due to grammatical differences.
That is a barbing salon?
In Nigeria, a barbing salon is basically a shop people visit to get haircuts; other services may include hair treatment, dying, dreading and other beauty related services.
Many barbershops in Nigeria render all the aforementioned services, so that explains why Nigerians prefer to call it a barbing salon.
So, if you’re more familiar with the American English, Barbing Salon = Barbershop
How much do barbing salon owners make?
The answer to that question is subjective, as there are many factors that will determine how much you can make from a salon business.
- Quality of shop & services
- Number of hours put into the work
- Cost per head for haircuts, etc.
The average price for haircuts in Abuja suburbs is ₦400; while in towns like Asokoro, Wuse, Maitama etc. you may require within the range of ₦800 to ₦1 000 for one haircut.
Bearing all that in mind, for 20 haircuts a day, a salon located in Abuja suburbs will rake in ₦8 000 per day; while a salon located in the town could rake in as much as ₦20 000 a day.
Established salons in busy areas cut way, way higher than just 20 hair per day.
If we calculate on the high side, ₦ 20, 000 per day × 30 days in a month gives you ₦600 000/month.
So in summary, a well-established salon in a good location could earn as high as ₦600 000 monthly, which is above the ₦500 000 I promised.
Consider the extra ₦100 000 a bonus.
With all the figures above, it’s not hard to judge that some barbers are actually millionaires. Some of them earn a lot higher than degree holders.
Barbing salon kits, tools & equipment:
Every business requires certain kits, tools, and equipment to be run effectively, so does a barbing salon. However, you can do without some of those appliances and kits, while some of them are extremely important and can’t be overlooked.
To run an effective barbing salon business you need the following kits tools & appliances:
- Standard rotatable barber chairs
- Quality Clippers
- Standby Generator
- Standing fans, ceiling fans, and/or Air Conditioners
- Cover Clothes
- Wall mirrors
- Cosmetics (Hair creams, sprays, dyes, relaxers, conditioners, facial powders, etc.)
- Miscellaneous tools (combs, scissors, blades, tissue papers, etc.)
- Towels & towel warmer
- Entertainment system
- Waiting chairs
- Lightning, wiring & power sockets
- Furniture (decorations, cupboard, tables, etc.)
- Barbing salon pictures & wallpapers, etc.
Barbing salon business plan in Nigeria
At first, I thought of publishing a barbing salon business plan in PDF format for easy download; but then again I had a reconsideration and thought of just posting it here since the whole process is not so complicated. Barbing salon is surprisingly very easy to set up.
Notwithstanding, you must still have a good business plan in place so that you don’t get stranded along the line.
1. Discover a lucrative location
Location matters a lot in any business. So, if you’re really interested in making a minimum of ₦500 000 per month from your barbing salon, you must discover the most lucrative location around you.
What defines a lucrative location?
- Highly populated
- Good value per haircut
- Not too many established potential competitors
The above three requirements are the most important things to consider when choosing a location for your business.
2. Find out what it costs to set up a Barbing in your location
If you’ve been asking the question “what does it cost to set up a barbing salon in Nigeria?” The answer to that question is: there’s no definite cost required.
It all depends on your location and how big you want to start.
Some salons could cost you as much as ₦2 000 000 to start up; while some can go for as low as ₦200 000.
Most lucrative locations usually require more capital. But the good thing is, your capital will be realized within the first few months of launching the business.