FEGEOSTOM hair salon is a unisex hair salon and we are in the business of making people look good. Whenever there is a talk about a salon, it is a place frequently visited by both men and women. Don’t be surprised that men visit the salon more often (from twice a week to once in two weeks) when compared to women. This is the reason we, at Fegeostom, cater for both sexes in terms of hair need.


We are currently located at Allen Roundabout, Ikeja, Lagos. We chose this location because of the high flux of human traffic. Prospective customers see and visit us daily because of this strategic location and we have plans to go mega by opening offices in Oshodi and Lekki. We have also consulted with our real estate agent to get us a property (land to build our office or office block to purchase), which is more accessible to the customer. This will enable us to get ample attention from the public.

Our vision

To be the best unisex salon in Lagos and Nigeria by satisfactorily meeting our customers’ specific needs.

Our mission

  • To provide quality service at a modest price.
  • To ensure customers are satisfied with our service.
  • To expand our scope and increase patronage.
  • To maximize profit and increase profit by at least 20% per annum.

Our business

Services: All our services are rendered by professionals who are trained and educated in the art and science of hair styling. Our services are barbing of hair; hairdressing for men and women; Servicing of clippers and Sharpening of clipper blades; Facials & massage; Manicure & Pedicure; and Home services.

Sales: hair creams; hair treatments; clippers; wigs; human hair; combs, straightener, and other hair styling tools


Hair Salon Business Plan in Nigeria
Hair Salon Business Plan in Nigeria

Our target market is every individual within the Ikeja neighbourhood. This includes service and product sales for all gender living, working or going through Ikeja.

For our marketing plan, we use two major plans. The first is the word of mouth referral method as you know that there is no better marketer than a satisfied customer. Apart from the advertisement, our work and the testimony of our customers are a driving force for us. It would be nice to remind you that testimonies backed up with evidence sells us fast.

Another tool we use is the media. Our office is branded in and out. Everything in our offices speak of our brand, telling you to come back again. Our media advertisements are very catchy and strategically positioned (physically and digitally) to attract new customers. This includes billboards, radio and TV advertisements, targeted ads, newspapers, and handbills.

Our main competitive advantage is the quality service we render to our customers. Since inception, the number of customers has risen as the regulars bring in their friends and the first-time customers become regulars.

We also provide souvenirs e.g. free pens, clippers, etc. and light refreshments to our customers. Another edge we have is the scale that some of our customers use to check their weight before taking their leave for the day. Not so many salons render such unique services to both sexes and are rarely as big as we are. We provide the best barbing environment which is clean, serene, conducive and comfortable for customers. As regards the product we sell, we offer discounts, promo and deals just to ensure our customers are satisfied.

Tools and equipment are Rollers, Clippers, Dryers, Straighteners, Mirrors, Tables, Chairs, Brushes, Combs, Manicure kits, (more in the full plan)

Hair Salon Business Plan in Nigeria

Financials Analysis of Hair Salon Business Plan in Nigeria

Service price
Barbing 300
Standard Hair treatment 300
Manicure and pedicure 500
xxxxx 500
xxxxxx 1000
xxxxxxx 1500
xxxxxx 2000
xxxxxxx 3000
xxxxxxx 3500
Home service 2000+ standard price


Employee cost using the current cost for the projection.

Number Designation Unit annual pay Total annual pay
1 Operation Manager 240,000 240,000
3 xxxxxx 180,000 540,000
3 xxxxxx 180,000 540,000
1 xxxxxx 120,000 120,000
1 xxxxx 180,000 180,000
Total 1,620,000

The breakdown of the overhead cost is as follows

Description Annual cost
Salaries 1,620,000
Rent 200,000
Adverts 78,000
Maintenance 30,000
Power 48,000
xxxxx 300,000
xxxxxx 76,000
xxxxxxx 7,000
xxxxxxxxxx 41,000
Total` 2,400,000


For the expansion, a total of 3,475,000 Naira is required. A sum of 1,975,000 Naira has been sourced from the business ROI and personal contribution. A sum of 1,500,000 Naira is needed to meet the required expansion capital.

Estimated income:

Service Yearly average Unit price annual
Barbing 460 300 1,380,000
Standard Hair treatment 160 300 480,000
Manicure and pedicure 200 500 100,000
xxxxxxxx 180 500 900,000
xxxxxxx 180 1000 180,000
xxxxxxx 300 1500 450,000
xxxxxxxx 80 2000 160,000
xxxxxxxx 150 3000 450,000
xxxxxxxxx 45 3500 157,500
Xxxxxxxxxx 210 2000+ 420,000+
Total 4,587,500


An estimated profit of over One million Naira is expected on services alone in the coming year. An addition of returns on the sales should boost the profit to about one and a Half million Naira. 

A contingency plan has been put in place as a form of insurance. During the business yearly peaks, a percentage is set aside for the days. This amount set aside is used to augment payments during the off peaks periods.

This is a very lucrative business that produces returns, especially on a day-to-day basis. We have been gaining a lot since we started this business. This is the reason we want to expand our business base and we want you to have a part in this by investing in us and our business. We guarantee your investment will bring rewards for you.  


Please call our business plan consultants: +2348147161686 ,

We have a team that can help you write your specific business plans, feasibility studies, Marketing plan,  grant application,  market research, business brand story and so on.

Contact: 2348147161686 for details

Other Business Plans available:

Auto Repair Business plan in Nigeria

Block Industry Business plan in Nigeria

Sample Bread and Bakery Business Plan in Nigeria

Cassava Business plan in Nigeria 

Catering Business plan in Nigeria

Catfish Business plan in Nigeria 

Cattle rearing Business plan in Nigeria 

Chin chin Business plan in Nigeria 

Cocoa Business plan in Nigeria 

Coca-cola and Soft drinks distribution Business plan

Cooking gas Business plan in Nigeria 

Cosmetology Business plan in Nigeria 

Crèche Business plan in Nigeria

Drycleaning Business plan in Nigeria

Event management Business plan in Nigeria

Fashion Business plan in Nigeria

Feedmill Business plan in Nigeria 

Frozen food Business plan in Nigeria

Furniture Business plan in Nigeria 

Ginger farming Business plan in Nigeria

Goat Business plan in Nigeria

Groceries Business plan in Nigeria

Groundnut oil Business plan in Nigeria 

Hair Salon Business plan in Nigeria

Herbal Business plan in Nigeria 

Hide and skin Business plan in Nigeria

Honey bee Business plan in Nigeria 

Honey production Business plan in Nigeria

Hotel Business plan in Nigeria

ICT Business plan in Nigeria

Integrated Agriculture Business plan in Nigeria 

Interior Deco Business plan in Nigeria 

Laboratory Business plan in Nigeria 

Leather tanning Business plan in Nigeria

Logistics Business plan in Nigeria

Maize farming Business plan in Nigeria

Medical equipment and supplies Business plan in Nigeria

Mobile Kitchen Business plan in Nigeria 

Moringa Business plan in Nigeria 

Mushroom Business plan in Nigeria

Music equipment Rentals Business plan in Nigeria 

Nylon Production Business plan in Nigeria 

Paint Production Business plan in Nigeria 

Palm oil Business plan in Nigeria 

Paper Recycling Business plan in Nigeria 

Petrol station Business plan in Nigeria 

Pharmacy Business plan in Nigeria 

Pig Farming Business plan in Nigeria 

PKO extraction Business plan in Nigeria 

Plantain chips Business plan in Nigeria 

Plastic bottle recycling Business plan in Nigeria 

Popcorn Business plan in Nigeria 

Poultry Business Plan in Nigeria

printing and multimedia Business plan in Nigeria

Quarry Business plan in Nigeria 

Raw gold Business plan in Nigeria

Restaurant Business plan in Nigeria

Retail Business plan in Nigeria 

Rice milling Business plan in Nigeria 

School Business plan in Nigeria 

Shear butter Business plan in Nigeria

Shoe making Business plan in Nigeria

Soap making Business plan in Nigeria 

Tea and beverages Business plan in Nigeria 

Tissue paper and serviette Business plan in Nigeria 

Transportation Business plan in Nigeria

Travel and tour Business plan in Nigeria

Vegetable farming Business plan in Nigeria

Vocational Business plan in Nigeria

Water production business plan in Nigeria

Yam farming and sales Business plan in Nigeria 

Yougut production and sales Business plan in Nigeria

Let's keep you updated on latest business tools and opportunities

We will not share your data with any third party

error: Content is protected !!
%d bloggers like this: