Barber Shop Startup Costs: Budgeting for Your Business

Barber Shop Costs

My Business Assignment

Due: Jan 8, 2025

Equipment We Need

<ul><li style='margin-bottom:20px; display:flex; justify-content:space-between; border-bottom:1px solid #444; padding-bottom:10px;'><span>Barber Chairs</span> <span>$339.99</span></li><li style='margin-bottom:20px; display:flex; justify-content:space-between; border-bottom:1px solid #444; padding-bottom:10px;'><span>Water Mirrors</span> <span>$206.99</span></li><li style='margin-bottom:20px; display:flex; justify-content:space-between; border-bottom:1px solid #444; padding-bottom:10px;'><span>Hair Sinks</span> <span>$119.00</span></li><li style='margin-bottom:20px; display:flex; justify-content:space-between; border-bottom:1px solid #444; padding-bottom:10px;'><span>Toilet / Sink / Mirror</span> <span>$548.00</span></li></ul>

Tech & Security

<ul><li style='margin-bottom:15px; display:flex; justify-content:space-between; border-bottom:1px solid #444; padding-bottom:5px;'><span>Computer System</span> <span>$399.00</span></li><li style='margin-bottom:15px; display:flex; justify-content:space-between; border-bottom:1px solid #444; padding-bottom:5px;'><span>Alarm System</span> <span>$198.00</span></li><li style='margin-bottom:15px; display:flex; justify-content:space-between; border-bottom:1px solid #444; padding-bottom:5px;'><span>Television</span> <span>$319.00</span></li><li style='margin-bottom:15px; display:flex; justify-content:space-between; border-bottom:1px solid #444; padding-bottom:5px;'><span>Stereo / Speakers</span> <span>$229.00</span></li></ul>

Renovations

<ul><li style='margin-bottom:15px;'><strong>Washer & Dryer:</strong> $649.99</li><li style='margin-bottom:15px;'><strong>Storefront Sign:</strong> $105.00</li><li style='margin-bottom:15px;'><strong>Lighting Fixtures:</strong> $109.00</li><li style='margin-bottom:15px;'><strong>Floor Tiles:</strong> $39.00</li><li style='margin-bottom:15px;'><strong>Paint:</strong> $24.00</li><li style='margin-bottom:15px;'><strong>Cabinetry Work:</strong> Quote Required</li><li style='margin-bottom:15px;'><strong>Labour ($40/hr):</strong> Quote Required</li></ul>

Customer Comfort

Monthly Costs

$19,785

Bills & Rent

<div style='display:grid; grid-template-columns: 1fr 1fr; gap: 40px;'><div style='background:#222; padding:30px; border-left:4px solid #d4af37;'> <h3 style='color:#d4af37; margin-top:0;'>Core Expenses</h3> <div style='display:flex; justify-content:space-between; margin-bottom:10px; font-size:22px;'><span>Payroll</span><b>$12,000</b></div> <div style='display:flex; justify-content:space-between; margin-bottom:10px; font-size:22px;'><span>Rent</span><b>$4,500</b></div> <div style='display:flex; justify-content:space-between; margin-bottom:10px; font-size:22px;'><span>Insurance</span><b>$250</b></div> <div style='display:flex; justify-content:space-between; margin-bottom:10px; font-size:22px;'><span>Bank Charges</span><b>$75</b></div> </div> <div style='background:#222; padding:30px; border-left:4px solid #fff;'> <h3 style='color:#fff; margin-top:0;'>Utilities</h3> <div style='display:flex; justify-content:space-between; margin-bottom:10px; font-size:22px;'><span>Electricity (Hydro)</span><span>$450</span></div> <div style='display:flex; justify-content:space-between; margin-bottom:10px; font-size:22px;'><span>Heating (Enbridge)</span><span>$300</span></div> <div style='display:flex; justify-content:space-between; margin-bottom:10px; font-size:22px;'><span>Water Usage</span><span>$180</span></div> <div style='display:flex; justify-content:space-between; margin-bottom:10px; font-size:22px;'><span>Phone</span><span>$150</span></div> <div style='display:flex; justify-content:space-between; margin-bottom:10px; font-size:22px;'><span>Cable & Internet</span><span>$220</span></div> </div></div>

Supplies List

<ul><li style='margin-bottom:15px; font-size:24px;'><strong>Cleaning Services:</strong> $400</li><li style='margin-bottom:15px; font-size:24px;'><strong>Razor Blades:</strong> $300</li><li style='margin-bottom:15px; font-size:24px;'><strong>Styling Products:</strong> $220</li><li style='margin-bottom:15px; font-size:24px;'><strong>Shampoo & Conditioner:</strong> $180</li><li style='margin-bottom:15px; font-size:24px;'><strong>Cleaning Materials:</strong> $120</li><li style='margin-bottom:15px; font-size:24px;'><strong>Sugar & Coffee:</strong> $90</li><li style='margin-bottom:15px; font-size:24px;'><strong>Barbicide Liquid:</strong> $70</li><li style='margin-bottom:15px; font-size:24px;'><strong>Laundry Detergent:</strong> $60</li><li style='margin-bottom:15px; font-size:24px;'><strong>Business Cards:</strong> $40</li></ul>

Class Expectations

<div style='font-size:22px; line-height:1.6;'><p><strong>A self-directed, responsible, lifelong learner who:</strong></p><ul><li>Demonstrates a confident and positive sense of self and respect for the dignity/welfare of others.</li><li>Demonstrates flexibility and adaptability.</li><li>Takes initiative and demonstrates Christian leadership.</li><li>Sets appropriate goals and priorities in school, work, and personal life.</li><li>Applies effective communication, decision-making, problem-solving, time, and resource management skills.</li></ul></div>

Thank You

Total Startup Cost: ~$3,500 + Renovation<br>Monthly Overhead: $19,785