Barber Shop Business Plan Template

Written by Dave Lavinsky

Barber Shop Company Overview


Who is Regal Men Barber Shop?

Regal Men Barber Shop is a locally owned and operated new barber shop located in Minneapolis, Minnesota. It is owned by local barber Maxwell Jackson, a community favorite who will provide professional and stylish haircuts to men of all ages. Regal Men Barber Shop will be located in a highly-trafficked strip mall on one of Minneapolis’ busiest streets. The barber shop will be surrounded by shopping, restaurants, gyms, and a laundromat. Maxwell chose that location because it will be convenient for a man to drop off his laundry and walk over to the barber shop for a haircut while they wait for their laundry. Because it is located next to a gym, someone can stop in for a haircut before or after their workout.

Regal Men Barber Shop will provide haircuts, fades, designs, shampoos, hot towel shaves, and beard trimming. His barber shop will consist of six chairs for other barbers to rent, 2 shampoo stations, and a comfortable waiting area. The razors, scissors, and combs will be thoroughly cleaned after each use, and the towels used will always come out warm and fresh. Not only is he an expert at cutting hair, Maxwell is well-known for providing the best hot shave in town.


Regal Men Barber Shop History

Regal Men Barber Shop is owned and operated by Maxwell Jackson. Maxwell has been cutting hair for over fifteen years and has made a name for himself in the barber industry. He has been working for the past ten years at a popular barber shop and has accumulated a legion of loyal clients. The owner of the barber shop recently decided to retire and close up his barber shop. Due to the urging of his clients and others in the community, Maxwell has decided to lease the existing space from the property manager and reopen it as his own business. He will rename it as Regal Men Barber Shop, do light construction in the interior to update the layout, and replace worn out waiting room furniture, barber chairs, and replace the supplies.

Since incorporation, Regal Men Barber Shop has achieved the following milestones:

  • Leased the 1,500 square foot barber shop space.
  • Began light construction of the barber shop.
  • Registered Regal Men Barbers, LLC to transact business in the state of Minnesota.
  • Have chair leasing contracts in place for the existing barbers to now work in Maxwell’s shop.

Regal Men Barber Shop Services

Regal Men Barber Shop will offer the following barber shop services:

  • Haircuts
  • Fades
  • Designs
  • Hot towel shaves
  • Beard trimming
  • Shampoo
  • Senior citizen cuts (62 and over)
  • Kids cuts (10 and under)