Hair Salon Business Plan in Nigeria 2024 Template
The hair & beauty shop business plan in Nigeria is a budding enterprise that is able to sustain and give an economic upgrade. The truth is that everyone wants to look good, this is not particular to one gender alone, that is why you have different hair salon almost in every street today in Nigeria.
On numerous occasion, I’ve heard people use the phrase “Looking good is good business” perhaps what that line of thought tries to explain is that in order to look the part, you need to spend to look it. And having a nice hair cut contributes to this move. What the hair salon business plan pdf doc will help you achieve includes, identifying those areas where you never thought will be important in your hair salon business.
Getting one of our hairdressing salon business plan in Nigeria template doc is a sign of great things to come. Be rest assured that this Hair Salon Business Plan in Nigeria covers for every type of hair salon business you want to start, especially if what you have in mind is starting a Unisex Salon Business, a salon that accommodates both the male and female hair makers, in fact the Unisex salon business is more flexible that most, since it accepts both male and female customers, in essence to stand a chance of having more customers to your salon.
To get the full business plan on Hair Salon Business Plan in Nigeria Template Doc + Feasibility Studies PDF, pay N10,000 to
GTBank (Guaranty Trust Bank)
Account Name – Okite Joseph ikenna
Account No – 0044083736
Once payment is made for the Hair Salon Business Plan in Nigeria Template Doc, send the following (i) a valid email address and (ii) your payment details to any of these numbers – 07039768549.
Everybody wants to look good does not mean they would want to do it in an unorganized place or hair dressing salon, planning how to make your salon the talk of town should be one of your priority. One of the things I’ve noticed with the hair salon business is the trend on how momentum moves from one beauty salon shop to another. This most times boils down to the following reasons;
- Customer service at the salon cannot be compared to the customer service received at other salon.
- Price of services rendered, sometimes if the price charged does not tally with the serves rendered, it tends to make customers to move to other shops.
- Environment and shop set up, customers are naturally attracted to shops with organised settings, in fact the organisation of some shops makes them to charge so high and most customers won’t even complain, for example, the price charged at “Black and White” at Polo Park Enugu will be high than what “veroxy” at trans-ekulu will charge in the same Enugu, their prices will as well be high than the roadside hair shop in the same Enugu.
The hair salon business is as old as any man can think, it is as old as fashion or tailoring business, right from the beginning, the human nature has always wanted those things that will make them comfortable in life, from the cloth they wear, to the shoes they put on, and then the type of hair style they also wear. Images from the olden days has shown us that, even in those days, people had hair cut and the ladies had their hairs done. Although not as sophisticated as it is now, however, the amount of professionalism cannot be equaled, given the type of equipment they used.
In all fairness, Hair Salon Business Plan in Nigeria is a lucrative one, reason being that every single person out their wants to look good, not just in what they wear, but the type of hair style they put on, since you get addressed by the ways you look, it has become paramount for most people to at least visit the hair beauty shop every week. And this is not particular to a set of people, even children are not left out.
The hair beauty business has always enjoyed a high level of patronage, and as I’ve explained, this boils down to how you agree to set up, and the more customers you get, the chances of getting high profit return at the end of the year. The business environment is littered with very lucrative opportunities which can make you huge profit.
Understanding The Dynamics Of The Hair Salon Business Plan in Nigeria
Often times, when the beauty salon shop is discussed, women comes to mind as the set of people who patronized these shops, however, recent reports has revealed that it is actually in the opposite. Men actually visit the hair salon more than women visit their beauty shops.
This is how it works;
- Women tends to visit say ones every two or three weeks, either to remake or have a little touch to their hair.
- While men visit at least ones every week, when you don’t, you become bushy and un-kept.
Some have argued that the price range is the reason for the disparity in how these sets of people visit the hair salon, while women are more prone to visiting salons as often as men, they seem to pay the higher fee for their hair, while men pay more and they visit salons a lot more often their women counterpart.
From my estimated fee calculation, I came up with these figures;
- At a hair and beauty shop like “Black and White” the fee charged for a single hair cut is N1,000 for man, while same hair cut for a woman goes for N1,500 including basic hair treatment like hair washing with shampoo.
- For a beauty shop that caters for fixing hair do for women, they charge as high as N2,000, and you will have to buy your hair. These attachment Hair are sold based on the hair quality, there are those sold as much as N50,000.
It is easy to see why the men frequent the hair salon more than men. It costs more to maintain a woman’s hair than is will cost a guy to walk into any hair salon to cut his hair. However, to make headway in this business in Nigeria, it will pay more to set up a salon caters for all sexes instead of a separate one for male or female.
GTBank (Guaranty Trust Bank)
Account Name – Okite Joseph ikenna
Account No – 0044083736
Once payment is made for the Hair Salon Business Plan in Nigeria Template, send the following (i) a valid email address and (ii) your payment details to any of these numbers – 07039768549.
Hair Salon Business Customer Base
In the process of writing this post, we have discussed the customer based of a hair & beauty shop customer base, it was clearly stated the range and types of customers to expect at your business centre, see below
- The working class men – These group of customers have a tradition of visiting the hair salon at least ones every week, in most cases between Friday and Sunday, this is to enable them prepare for the new week in view.
- The working class woman – Unlike the working class men, she visits the salon but not as often as the men. She visits sparingly, say ones every month safe for some special cases where there is an occasion to attend.
The essence of running a is aimed achieve your business goals which most of the time is profit maximization. This article will provide you with some of those important factors that will help you in achieving your business goals and also a Hair Salon Business Plan in Nigeria Template Doc that can help you to build a classy unisex salon and then growing it into a business venture others will look up to.
Factor To Consider Before Setting Up A Hair Salon Business Plan in Nigeria
The successes to be recorded by your hairdressing & beauty salon depends on observing these business factors, see below;
Capital – You can raise your start up capital using any legal means, that that is needed is to have a capital. Your capital will determine how you want your business to look like, take for example, a hair salon business in Maitama Abuja will cost more to set up than the one in Karu, things to put into consideration includes rent and environmental fees, and then workers if you want to start in a big way. Your start up capital is very important to determine some important aspect of your business.
Location – Business location for a hair and beauty salon centre is vital to the success of the business, in as much as the business attracts people from all works of life, you need to site it in an environment where it will be seen. You can strategically site yours in a secluded estate, here everyone in the estate will have no other choice than to patronize.
Equipment – The best equipment are required to starting up your beauty shop, you don’t want a situation where your generator goes off while drying a customer’s hair or your clippers malfunction because they are fake, these things matter much in setting up your business. Some of the basic things you need includes;
- At least two clippers (If you are to work alone)
- Scissors
- Combs of different size
- Hair dryer
- Mirror
- Refrigerator
- Towels
- Buckets
- Have storage facility for water (you can buy butter)
- Generator (Substitute for power)
- Chairs
- Hair creams
- Rollers
- Straighteners
- Tables
- Brushes
- Television sets or a Cable tv
- Air conditioners
- Manicure kits
- Pedicure kits
- Towel warmers
- Sterilizing machines
- POS machine, etc.
Employ Qualified personnel – Unqualified personnel can ruin your business reputation, ensure you get the best hands to help in running your business. You don’t customers to avoid your shop because they feel your workers can make hair.
This is the Table Of Content for the Hair Salon Business Plan in Nigeria Template Doc
1.0 EXECUTIVE SUMMARY
BACKGROUND
- VISION 3
- MISSION 3
- OWNERSHIP/LEGAL STATUS 4
- PRODUCTS/SERVICES 4
- KEYS TO SUCCESS 5
MARKET
- KEY COMPETITORS AND PLAYERS 6
- SERVICE DELIVERY 6
MARKETING PLAN of the hairdressing salon business plan
- PROMOTIONAL/MARKETING STRATEGY 9
- MARKET SEGMENTATION 9
- SERVICE BUSINESS ANALYSIS 9
ORGANISATION AND MANAGEMENT
- LEGAL, REGULATORY, SOCIAL AND ENVIRONMENTAL ISSUES 11
- REGULATORY ISSUES 11
- SOCIAL ISSUES 11
- ENVIRONMENTAL ISSUES 11
FINANCIAL PLAN
- SUMMARY OF PROJECT COST. 12
- FIXED CAPITAL INVESTMENTS. 12
- UTILITIES 12
- OTHER OPERATING EXPENSES 13
- WORKING CAPITAL FORECAST 14
- TOTAL START-UP CAPITAL REQUIRED 14
- FINANCIAL PLAN of the business plan for hairdressing in Nigeria 15
- LOAN REPAYMENT AND SCHEDULE AND INTEREST PAID 15
- DEPRECIATION 16
- FORECAST OF PROFIT AND LOSS 16
- CASH FLOW PROJECTION 17
- FINANCIAL ANALYSIS 18
- PROFITABILITY ANALYSIS 18
- CASH FLOW PROJECTION 18
RISK ANALYSIS, CONTINGENCY PLAN AND EXIT STRATEGY
- RISK ANALYSIS 19
- SWOT ANALYSIS 19
- EXIT STRATEGY 20
OTHER CONSIDERATIONS, CONCLUSION AND RECOMMENDATION
- ECONOMIC CONSIDERATIONS 21
- COMMERCIAL VIABILITY 21
- CONCLUSION 21
- APPENDIX 22
To get the full Hair Salon Business Plan in Nigeria Template Doc + Feasibility Studies PDF, pay N10,000 to
GTBank (Guaranty Trust Bank)
Account Name – Okite Joseph ikenna
Account No – 0044083736
Once payment is made for the Hair Salon Business Plan in Nigeria Template Doc + Feasibility Studies PDF, send the following (i) a valid email address and (ii) your payment details to any of these numbers – 07039768549.
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