Starting a barbershop takes a little more capital than you’d think. Experienced barbershop owners suggest a minimum capital investment of $150,000 to $200,000. But this includes school tuition, supplies, leasing a building, marketing, and staff costs. If you market yourself correctly, you can make that money back in about a year. After expenses, most barbers make between $30,000 – $70,000 a year.
Day: May 1, 2019
Starting a bar can cost way more if you’re starting from scratch. Total startup costs for a bar that rents or leases its location are estimated to be between $110,000 and $550,000, depending on the size. Already established bars for sale provide a potential owner with startup costs of as little as $25,000.
Starting a bakery can be costly, from securing a lease to stocking up on high-quality ingredients. Not to mention hiring workers and buying (or leasing) commercial equipment. Bakery startup costs often range from $10,000 to $50,000.
That’s not to say you can’t make money if you do it right. The U.S. has around 6,000 retail bakeries with total annual revenue of approximately $3.8 billion, according to First Research.