BARBING SALON BUSINESS PLAN IN NIGERIA
BARBING SALON BUSINESS PLAN IN NIGERIA
This sample barbing salon business plan in Nigeria can be used for government and non – government business grant applications, for bank loan applications, for writing business proposals, to write business concept notes, for business grant competitions, other competitions, and so on. The barbing salon business idea is a really great business idea that will need a lot of strategic planning to start. You will need the skills and experience of a professional business consultant in Nigeria like Dayo Adetiloye to help you with implementing the business plan effectively.
BUSINESS DESCRIPTION OF THE BARBING SALON BUSINESS PLAN IN NIGERIA
Business: BARBING SALON
Industry: BEAUTY
Patilad barbing salon is a standard barbing salon that will be located in a richly populated neighborhood in Festac Town, Lagos, Nigeria. We choose to open our barbing salon in this city because of the need of the services of a standard barbing salon in the neighborhood
Patilad barbing salon offers services such as; cut hair for both male and female, dress hair for both male and female, groom hair for both male and female, dying/colouring of hair for both male and female, style and shave hair for both male and female. We will also retail clippers, barbing accessories, aftershave, shaving powder and so on. Aside from the fact that our barbers will be open for a minimum of fifteen hours daily, we will also offer home services to any client who would want us to come over to their house to take care of their hair. We are well trained and equipped to service the market segments that need our services.
We are in the barbing salon business to deliver excellent services to all those who will patronise our services. We will also ensure that in the line of carrying out our duty, we comply with the laws of Lagos State and also the laws of the Federal Republic Of Nigeria. Our employees are well trained and qualified to handle the wide range of barbing services. Our workforce are going to be well trained to operate within the framework of our organization’s corporate culture and also the to meet the needs of all our customers.
BARBING SALON BUSINESS PLAN IN NIGERIA
Problem Statement:
In the vibrant city of Lagos, specifically in the bustling neighborhood of Festac Town, there is a noticeable gap in the availability of high-quality, standard barbing salons that cater to the diverse needs of the local population. Despite the richly populated nature of this area, there is a distinct lack of a go-to establishment that provides comprehensive grooming services for both males and females. This unmet demand for a reliable and professional barbing salon is a clear indication of an opportunity waiting to be tapped into.
The residents of Festac Town, much like any other urban population, are increasingly conscious of their appearance and grooming. However, the absence of a well-established barbing salon poses several challenges for the locals. Firstly, there is a dearth of skilled barbers who can offer a range of services, including haircutting, styling, grooming, and coloring, for both men and women. This has led to individuals relying on subpar services or traveling to other neighborhoods in search of a salon that meets their expectations.
Furthermore, the inconvenience of having to travel for quality grooming services creates a time-consuming and sometimes costly endeavor for the residents. The need for a reliable and accessible barbing salon is not just about aesthetics but also about providing a convenient and time-efficient solution for the community.
Solution Statement:
Introduction of Patilad Barbing Salon:
Patilad Barbing Salon aims to address the existing gaps in the market by establishing a standard barbing salon in the heart of Festac Town, Lagos. Our salon is envisioned as a one-stop destination that caters to the diverse grooming needs of both male and female clients. The name “Patilad” reflects our commitment to providing top-notch and personalized grooming services to the residents of Festac Town.
Comprehensive Grooming Services:
At Patilad Barbing Salon, we understand that grooming is not just a routine but a form of self-expression. Therefore, our array of services includes hair cutting, styling, grooming, and coloring for both men and women. Our skilled and professionally trained barbers are equipped to handle a variety of styles and preferences, ensuring that each client leaves our salon feeling confident and satisfied.
In addition to traditional barbing services, we go a step further by retailing a curated selection of grooming products. From clippers and barbing accessories to aftershave and shaving powder, we provide our clients with access to high-quality products that enhance their grooming experience. This not only generates an additional revenue stream for us but also positions Patilad Barbing Salon as a trusted source for all grooming needs.
Extended Operational Hours and Home Services:
Understanding the busy lifestyles of our target market, we have decided to operate for a minimum of fifteen hours daily. This extended operational time ensures that our salon is accessible to individuals with varying schedules, accommodating both the early risers and those who prefer evening appointments. Additionally, to further enhance convenience, we offer home services for clients who prefer the luxury of having our skilled barbers attend to their grooming needs in the comfort of their homes.
Market Segmentation and Specialized Training:
Patilad Barbing Salon recognizes the diverse market segments within Festac Town. We have invested in specialized training for our barbers to cater to the specific needs and preferences of different client demographics. Whether it’s a classic haircut, a trendy hairstyle, or a specialized grooming service, our barbers are well-equipped to provide a personalized experience to each client.
Quality Assurance and Customer Satisfaction:
Quality assurance is at the core of our business philosophy. Patilad Barbing Salon uses only premium grooming products, ensuring that our clients receive the best possible service. We are committed to maintaining a hygienic and comfortable environment within our salon, creating a welcoming space for all.
Customer satisfaction is our ultimate goal. We actively seek feedback from our clients, continuously adapting and improving our services based on their preferences. This commitment to customer satisfaction is what sets Patilad Barbing Salon apart, creating a loyal customer base that trusts us for all their grooming needs.
The Benefits of our Products and Services are;
– First class service and special treatment to our customers
– Top standard barbing and grooming services
– Employment opportunities
– Fair and lowest possible prices with discounts
OUR PRODUCTS AND SERVICES
Patilad barbing salon is in the business of ensuring that our clients are well treated and taken care of and our services will be carried out by highly trained professional and skilled barbers who know what it takes to give our highly esteemed customers value for their money. The following are the services that Patilad barbing salon will be offering
- Cut hair for both male and female
- Dress hair for both male and female
- Groom hair for both male and female
- Dye/colouring of hair for both male and female
- Style hair for both male and female
- Sale of clippers and barbing accessories
- Sale of aftershave and shaving powder
- Home services
KEYS TO SUCCESS
The keys to the success of the barbing salon business plan in Nigeria are as follows;
– Recruit only qualified and skilled barbers and hair stylists to man various job positions in our barbing salon
– We shall maintain a customer centric company culture
– We will ensure that we follow due process in starting up the business
– We are able to deliver consistent quality service
– Our barber shop facility is well positioned ( centrally located) and visible, we have enough parking space with good security
OBJECTIVES OF THE BARBING SALON BUSINESS PLAN IN NIGERIA
The objectives of the barbing salon business plan in Nigeria are as follows;
– To build a business that will survive off its cash flow without the need for injecting finance from external sources
– To deliver services whose main goal is to exceed the customer’s expectations
– To establish our brand in the hearts of our customers
– To achieve net profit in year one, increasing in year two, by containing costs and meeting sales targets
GOALS FOR THE BARBING SALON BUSINESS PLAN IN NIGERIA
The following goals have been set for the barbing salon business plan in Nigeria;
– To open new branches in other parts of Lagos
– To become one of the leading barbing salons in Lagos
– To employ at least thirty people
BARBING SALON BUSINESS PLAN IN NIGERIA
VISION FOR THE BARBING SALON BUSINESS PLAN IN NIGERIA
Our vision is to become the number one choice when it comes to barbing salons in the whole of Festac Town, Lagos State, and also to be among the top twenty barbers in the world within the next ten years
MISSION FOR THE BARBING SALON BUSINESS PLAN IN NIGERIA
We are in the business of establishing a first-class and standard barbing salon that will take off both highly placed clients (celebrities, public figures, and politicians) and lowly placed clients as long as they can afford our services. We want to become one of the leaders in the barbing salon Industry in Festac Town, Lagos State.
MANAGEMENT TEAM OF THE BARBING SALON BUSINESS PLAN IN NIGERIA
The management team of the barbing salon business plan in Nigeria is made up of the following people:
Maurice Ikpe: He is the founder and owner of the business and has over fifteen years of experience as a barber. He is the personal barber to a handful of celebrities and politicians
Dayo Adetiloye: ( B.AGRIC, MBA, and PMP). He has over fifteen years of experience in business management, financial management of business, and overall business growth and development. He is an alumnus of the Enterprise Development Centre (EDC), of the Lagos Business School (LBS), Pan African University (PAU). He is our business development strategist and a strategic partner of the company
We brought to the business;
– Technical and Practical experience in the barbing salon Industry
– Educational skills and knowledge
– The capacity to consistently deliver outstanding services
– Top-quality barbing and grooming services with a sound understanding of the market trend
– Our staff bring operational, promotional, and technical skills to the business
BARBING SALON BUSINESS PLAN IN NIGERIA
MANAGEMENT EXPERIENCE GAINED FOR THE BARBING SALON BUSINESS PLAN IN NIGERIA
With over fifteen years of experience in the barbing salon Industry and through having had numerous exposures to the business and technical aspects of services, I have been able to master the technical requirements, financial management, staff recruitment, and organizational skills that will be necessary to give us a good commendation from our clients. My managerial skills have also helped me to put up a good workforce for over two years and coordinate teamwork in most aspects of the company.
I am the CEO of the company, and I will be responsible for monitoring and managing the day-to-day activities of the company
MATERIALS AND EQUIPMENTS REQUIRED FOR THE BARBING SALON BUSINESS PLAN IN NIGERIA
The following materials and equipments are required for the barbing salon business plan in Nigeria;
Barbing facility, barbing equipments ( clippers, combs, etc), aftershave, balm, shaving powder, electric power generator, CAC registration No. among others
COMPETITOR ANALYSIS FOR THE BARBING SALON BUSINESS PLAN IN NIGERIA
We get our huge clientele for the following reasons:
- The ability to deliver quality barbing service
- We are open for a minimum of fifteen hours a day and seven days a week
- We provide first class service to our customers
- Fair and best possible price
BARBING SALON BUSINESS PLAN IN NIGERIA
Our three main competitive advantages are;
- We provide first class service to our customers
- The ability to deliver quality barbing service
- Fair and best possible price
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