Barber Shops Industry Research Report

Industry Overview

This U.S. industry comprises establishments known as barber shops or mens hair stylist shops primarily engaged in cutting, trimming, and styling mens and boys hair; and/or shaving and trimming mens beards. Cross-References. Establishments primarily engaged in--
Source: U.S. Census Bureau

Market Size and Industry Forecast

This research report analyzes the market size and trends in the Barber Shops industry. It shows overall market size from 2020 to the present, and predicts industry growth through 2030. Revenues data include both public and private companies.

	Historical					Forecasted
	2020	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030
Market Size (Total Revenue)	Included in Report
% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company

Source: U.S. government financial data



Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Barber Shops companies in the United States.

Distribution by Company Size

Company Size	All Industries	Barber Shops
Small Business (< 5 Employees)	Included
Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Barber Shops Industry Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:

• Cost of goods sold
• Compensation of officers
• Salaries and wages
• Employee benefit programs
• Rent paid
• Advertising and marketing budgets

The report includes a traditional income statement from an "average" company (both public and private companies are included).

	Industry Average	Percent of Sales
Total Revenue	Included
Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit

Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial Ratio	Industry Average
Profitability Ratios	Included
Profit Margin
ROE
ROA
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Products and Services Mix

Product lines and services in the Barber Shops industry accounting for the largest revenue sources.

Product Description	Description	Revenue ($ Millions)
Industry total	Included
Hair care services
Hair care services - hair cut services
Hair care services - hair coloring & tinting
Resale of merchandise
Resale of other merchandise
Hair care services - hair styling services
Rental of non-residential space in buildings or other facilities
Rental of booths & chairs in beauty & personal care estabs
Other hair care services

Compensation and Salary Surveys

Salary information for employees working in the Barber Shops industry.

Title	Percent of Workforce	Bottom Quartile	Average (Median) Salary	Upper Quartile
Management Occupations	1%	Included
Chief Executives	0%
General and Operations Managers	1%
Healthcare Support Occupations	8%
Other Healthcare Support Occupations	8%
Massage Therapists	7%
Massage Therapists	7%
Personal Care and Service Occupations	73%
Personal Appearance Workers	68%
Barbers, Hairdressers, Hairstylists and Cosmetologists	47%
Hairdressers, Hairstylists, and Cosmetologists	45%
Miscellaneous Personal Appearance Workers	20%
Manicurists and Pedicurists	14%
Office and Administrative Support Occupations	12%
Information and Record Clerks	10%
Receptionists and Information Clerks	9%
Receptionists and Information Clerks	9%

Government Contracts

The federal government spent an annual total of $369,448 on the barber shops industry. It has awarded 14 contracts to 7 companies, with an average value of $52,778 per company.

Top Companies in Barber Shops and Adjacent Industries

Company	Address	Revenue ($ Millions)
Included