Good evening nairalanders, I'm considering setting up a barbing salon in one of the south eastern states. I have 240000 to invest. The main reason I want to set it up is to create another source of income as I currently have a business I'm into. I wont be the one operating the barbing salon but I'll be visiting there to supervise every evening. I'm almost a novice in this field and I'll like people with experience to please advice and give me guidelines on steps to take. Will 240000 be enough? What will be the right or appropriate salary to pay the barber I will employ? How profitable is the business? How much profit should I expect monthly? Waiting for your suggestions.

cc lalasticlala