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Nairaland Forum / Nairaland / General / Business / A Medium Sized Supermarket Or A Standard Men's Salon? My Budget Is 1M (19412 Views)
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Re: A Medium Sized Supermarket Or A Standard Men's Salon? My Budget Is 1M by Juliearth(f): 2:33pm On Aug 10, 2016 |
prepees: I wouldnt mind the tips too bro. julietnatha24@gmail.com |
Re: A Medium Sized Supermarket Or A Standard Men's Salon? My Budget Is 1M by highwaist: 2:56pm On Aug 10, 2016 |
jeffcheddy:I dnt know much about s/mrkt.before you can get faithful good baber na big task.if u get one,you will be treating them like king.our youth don't ready to work.the" game BET" outlets makes them lazy.they 1 Like |
Re: A Medium Sized Supermarket Or A Standard Men's Salon? My Budget Is 1M by owoatiswag(m): 3:09pm On Aug 10, 2016 |
jeffcheddy: Salon... Location matters alot. Right here in my skul, there are so many salon but 2 stand out. They barb from 7am - 12am. Find good guys that can work for u and a good area then you will make profit |
Re: A Medium Sized Supermarket Or A Standard Men's Salon? My Budget Is 1M by samoy(m): 3:12pm On Aug 10, 2016 |
prepees:Please, I am interested. My mail is samoy7458@gmail.com . Thanks sir |
Re: A Medium Sized Supermarket Or A Standard Men's Salon? My Budget Is 1M by Khez: 3:14pm On Aug 10, 2016 |
okafor.km@gmail.com thanks prepees: |
Re: A Medium Sized Supermarket Or A Standard Men's Salon? My Budget Is 1M by BabaIbo: 3:20pm On Aug 10, 2016 |
Op... I will advice u to go for saloon cos u don't need to spend on goods unlike supermarket where you have to stock up every time... another thing is if u have a good location and customer base you will make more money(profit) from barbing than supermarket ...but d problem with barbing is that your apprentices will always cheat u unless you monitor them very well... can you try drinks(e.g Viju, malt, can drinks either beer or soft drinks, alomo bitters and others bit you need to learn it and also have good location ) it's booming but doesn't have much gain 1 Like |
Re: A Medium Sized Supermarket Or A Standard Men's Salon? My Budget Is 1M by BabaIbo: 3:29pm On Aug 10, 2016 |
prepees:Bro please am also interested... uzomaezenwa@gmail.com... 08062781107 |
Re: A Medium Sized Supermarket Or A Standard Men's Salon? My Budget Is 1M by dantori(m): 3:44pm On Aug 10, 2016 |
jeffcheddy: install CCTV inside and outside by entrance with that you can monitor number of Barbers coming and going or you give 25% of every haircut to the barber by so he'll guard ur interest as his |
Re: A Medium Sized Supermarket Or A Standard Men's Salon? My Budget Is 1M by Nobody: 3:48pm On Aug 10, 2016 |
aloeman15: Am viewing oo. |
Re: A Medium Sized Supermarket Or A Standard Men's Salon? My Budget Is 1M by Ijeoma660(f): 3:49pm On Aug 10, 2016 |
@jeffcheddy 1. I will suggest you either do 2nos salon in two different areas so that you can manage resources in a combined way to maximise profit. 2. Instal a CCTV to monitor the business. There are solutions that allows you monitor from your mobile phone. 3. Consider using a solar powered solution to minimise cost on fuel as this is your major consumable. With a modest sized inverter of 1kva you can power more than 4 or 5 clippers and a few lighting points to ensure you stay in business always.
4. You can sit out a whole weekend with your barbers to understudy patronage and determine a fair commision or daily returns with them. Whatever they make extra becomes thiers. Be flexible and considerate too with caution. 5. Visit existing saqlons around your area and have a chat with them on the business, they will be willing to offer you advice and also recommend a barber for you. They could also assit you in procuremnt and setting up. 6. As part of your opening ceremony, offer free or highly subsidezed cost to your custormers for a limited time. Build this into your ciost of setting up. 7. Try to stand out from the crowd in simple ways such as develop very courteous staff, be professional in dealing with customers, use a simple uniform for your staff, very decent and environment, clean equipment at all times. In short make every potential customer's visit to your salon and experience worth telling! There is an adage that says "Some business does not need so much advertisement, all you need is one satisfied customer, just one!" 8. Identify more opportunities you can use your space or outlet for. This is looking ahead... Challenges with supermarket have already been identified some of them and mor are: 1. Very minimal profit per sale. Profits are always marginal. 2. Highly competitive. 3. Requires huge capital outlay to make any meaningful profit. 4. location is very key, especially accessibility. 5. You need to keep up with new trends, customer choices, expiry dates, damaged goods due to transportation and handling, credit sales, fake or immitation goods, theft, shoplifting, dishonest staff and custormers jst a whole lot of issues to mention! 6. Requires ample space for goods, warehousing [back shop], car park etc. 7. You must be involved in the who;e process either purchasing goods, transportation etc.Else you would be swindled. PS: These are ideas I have to be used later when I am able to raise some capital. 3 Likes |
Re: A Medium Sized Supermarket Or A Standard Men's Salon? My Budget Is 1M by Nobody: 3:55pm On Aug 10, 2016 |
buharisbae: Thanks dear for d advice! |
Re: A Medium Sized Supermarket Or A Standard Men's Salon? My Budget Is 1M by Nobody: 3:59pm On Aug 10, 2016 |
fweshh: Thanks bro. What's d idea u hv about? Pm me let's talk |
Re: A Medium Sized Supermarket Or A Standard Men's Salon? My Budget Is 1M by mountainidea: 4:02pm On Aug 10, 2016 |
I advise and recommend you to go for STANDARD SALON, my reasons are below: 1. It is wisdom to sell what people patronize 2. Every body does not patronize the super market but 80% of us (Men and Women) patronize Salon! 3. Every MEN barb hair, every men does not patronize the supermarket 4. There are items in Supermarket that does not have up to 50 naira profit when sold, the lowest charge per hair cut (MEN) is 200 naira common sense! |
Re: A Medium Sized Supermarket Or A Standard Men's Salon? My Budget Is 1M by sterling25: 4:04pm On Aug 10, 2016 |
prepees: am interested too. pihenwe15@gmail.com |
Re: A Medium Sized Supermarket Or A Standard Men's Salon? My Budget Is 1M by Tuljaking(m): 4:24pm On Aug 10, 2016 |
jeffcheddy:with that amount I can assure you of 400 000 weekly
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Re: A Medium Sized Supermarket Or A Standard Men's Salon? My Budget Is 1M by Nobody: 4:25pm On Aug 10, 2016 |
Ijeoma660: Thank you. You have done well with the breakdown! |
Re: A Medium Sized Supermarket Or A Standard Men's Salon? My Budget Is 1M by EzeeYFB(m): 4:46pm On Aug 10, 2016 |
The Barber Shop will make more sense sha Peak days are weekends Location is key Well source of energy too, u know where u r from na naija ooo Inverter tins to power ur clippers n cooling system. Don't know for a fact u gonna earn monthly Sha oo Bt it's a worthwhile risk. Bt me with a million? Am sure of at least 100k monthly with no employees, no rent just investment. |
Re: A Medium Sized Supermarket Or A Standard Men's Salon? My Budget Is 1M by yhemsy62(m): 4:48pm On Aug 10, 2016 |
jeffcheddy:Run a salon but try to make it unisex. And bear it in mind that location really matters a lot |
Re: A Medium Sized Supermarket Or A Standard Men's Salon? My Budget Is 1M by armadeo(m): 4:58pm On Aug 10, 2016 |
Supermarkets and saloons are everywhere. For a saloon to work you need to be there always to check on sales unlike a store where you can do balancing of products vs sales. I ran a saloon once for a week when the owner travelled when I was a student and that was the only time it recorded profit. I simply opened and glowed with them. I carried my DVD player there and watched movies from morning till close. If no light no problem the gen only came on for business. The guy closed the saloon when I declared how much I made cos it was a friendly gesture I should take the sales go the week he was absent as pay. Lol. 1 Like |
Re: A Medium Sized Supermarket Or A Standard Men's Salon? My Budget Is 1M by ojeffo: 5:11pm On Aug 10, 2016 |
A barber shop at Onitsha mall 1 Like
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Re: A Medium Sized Supermarket Or A Standard Men's Salon? My Budget Is 1M by pawesome(m): 5:53pm On Aug 10, 2016 |
Bros,come to d middle belt e.g Plateau and Benue and open a bet9ja shop...dis stuff is makin waves...currently own one so i knw exactly wt am sayn......i go epp u manage am o |
Re: A Medium Sized Supermarket Or A Standard Men's Salon? My Budget Is 1M by Sirpc(m): 6:00pm On Aug 10, 2016 |
prepees: I am also interested. Please, extend the hint to my email: sirpc4u@yahoo.com. #Bigger_u_i_pray! |
Re: A Medium Sized Supermarket Or A Standard Men's Salon? My Budget Is 1M by jaywhoco(m): 6:01pm On Aug 10, 2016 |
jeffcheddy:make sure u learn too... |
Re: A Medium Sized Supermarket Or A Standard Men's Salon? My Budget Is 1M by vondi: 7:10pm On Aug 10, 2016 |
prepees:and i am also interested, send to shevon_projects@yahoo.com |
Re: A Medium Sized Supermarket Or A Standard Men's Salon? My Budget Is 1M by CoolKizzy(m): 8:30pm On Aug 10, 2016 |
jeffcheddy: I run a chain of unisex salons and I can tell you first hand that opening a beauty shop of any sort without any knowledge about it is stressful and risky. When I opened my first barbershop, I don't know how to cut hair, I was fully into ICT, I just did my analysis and started the business, my brother it wasn't easy. I didn't want the investment to die so I learnt the job, now I barb, make nails, lashes, Pedicure, makeup, facials I'm not so good at hair yet.... But my workforce respects me, cos I know exactly what they do and can damn them anytime. I have 16 staff under my employ. Cctv camera on every shop. I can tell you first hand that this business is stressful and fun at the same time. Some customers will make trouble Some stylists will make trouble, have police case and all. A customer once called military men to my salon, it wasn't funny. Ndlea raided one of my salon last year looking for one of my stylists that deal. Be guided. 1 Like |
Re: A Medium Sized Supermarket Or A Standard Men's Salon? My Budget Is 1M by Nobody: 9:52pm On Aug 10, 2016 |
CoolKizzy: Hmmm, interesting. Good one tho. I respect your courage and hustle. Was thinking of going into unisex tho, but thought about d stress involved with hiring of female staff and I don't kno anything abt d cost of making women hair, so I had to decide on going into men's hair alone,so as to find out the rudiments of setting up one as the case may be. Please share how u make ur income. Do u rent out spaces and they pay u weekly or they work for u and u pay monthly. How do u do it? I intend setting it up in owerri before december. So I need the best tips. God bless you! U can pm me as well as u wish. Thanks a lot. |
Re: A Medium Sized Supermarket Or A Standard Men's Salon? My Budget Is 1M by ststyreal(f): 10:05pm On Aug 10, 2016 |
Guy don't even try provision or supermarket business at all because it will seem as if some witches are swallowing your capital. Hardly can you save. Talking from a five years experience even while in a good location. Very competitive and frustrating especially with the expiry date on it. Think of another business please and leave provision for now if you really want to make a good cash. Have closed my supermarket business because I aren't getting any profit from it rather I will keep injecting every little penny on me just to ensure my shop is filled but at the end of the day, i wouldn't be able to gather enough money to fill up the shop again. So please and please forget supermarket for now and think of a better and less stressful biz to venture into. Yes, the business look so interesting and nuzzling but believe me you, you can't gather your profit together. 1 Like |
Re: A Medium Sized Supermarket Or A Standard Men's Salon? My Budget Is 1M by mickool(m): 10:48pm On Aug 10, 2016 |
Barbing salon is better if u know how to barb and u r located in a good place.am into it and its a very lucrative bussiness. With 1m, ur salon will be very standard salon but the challenges are lack of good and trusted barbers.good luck |
Re: A Medium Sized Supermarket Or A Standard Men's Salon? My Budget Is 1M by mickool(m): 10:59pm On Aug 10, 2016 |
Barbing salon is better if u know how to barb and u r located in a good place.am into it and its a very lucrative bussiness. With 1m, ur salon will be very standard salon but the challenges are lack of good and trusted barbers.good luck In addtion, if u want to operate a barbing salon with that huge amount of capital since u dont know how to barb, i will advise u use haif of that money for d salon and use the remaining half to add things, men's wears (butiq) to it. U can be in charge of that section while u monitor ur boys. Like me I barb and sells perfs, hair creams, brushes, clippers and clipperskits, sometimes shoes and clothes. If u need more advises reach me or chat me on this number....08052366255.cherrs |
Re: A Medium Sized Supermarket Or A Standard Men's Salon? My Budget Is 1M by mickool(m): 11:00pm On Aug 10, 2016 |
Barbing salon is better if u know how to barb and u r located in a good place.am into it and its a very lucrative bussiness. With 1m, ur salon will be very standard salon but the challenges are lack of good and trusted barbers.good luck In addtion, if u want to operate a barbing salon with that huge amount of capital since u dont know how to barb, i will advise u use haif of that money for d salon and use the remaining half to add things, men's wears (butiq) to it. U can be in charge of that section while u monitor ur boys. Like me I barb and sells perfs, hair creams, brushes, clippers and clipperskits, sometimes shoes and clothes. If u need more advises reach me or chat me on this number....08052366255.cheers |
Re: A Medium Sized Supermarket Or A Standard Men's Salon? My Budget Is 1M by officialPMN: 11:04pm On Aug 10, 2016 |
A supermarket is better any day any time do u want to be making 200 naira per hair or u want someone to come into ur shop and buy something worth of 5k. your choice Sir. |
Re: A Medium Sized Supermarket Or A Standard Men's Salon? My Budget Is 1M by Nobody: 11:29pm On Aug 10, 2016 |
Jibril659:That's very difficult in this part of our world, TRUST |
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