106th & 1st Barber Shop & Salon

Beauty & Spas · New York, NY

Business Summary

106th & 1st Barber Shop & Salon is a barbershop business serving customers in 344 East 106th Street. With a digital score of 78, the business has room to improve its online footprint and attract a broader clientele. The New York beauty services market remains robust with steady consumer demand.

Location & Competitors

Loading map...
Neighborhood
urban residential
Foot Traffic
high
Parking
nearby parking garage
Transit Access
moderate transit access
Nearby Landmarks
ChipotleTrader Joe's

Competitive Landscape

BusinessDistanceDigital ScoreThreat Level
New Edens Nails
0.32km
17/100
Weak
Low
Spafiesta Citi
0.48km
44/100
Weak
Medium
Sandy Nails
0.48km
69/100
Average
High
Angela Beauty Salon Unisex Barber Shop
0.64km
51/100
Average
Medium

Competitive Summary

Showing 4 of 4 competitors within 5km.

Financial Estimates

Financial Overview

Estimated Value$713,854
Industry Margin39%
Entry Cost$88,167

Market Analysis

Market Size$4.8B (US hair care services)
TrendMen's grooming market growing 6% annually
SeasonalitySummer and holiday peaks; slower in January-February

Consumer Trends

Growing demand for eco-friendly and clean beauty

SWOT Analysis

Strengths

Internal advantages

  • Niche focus on barbershop services allows specialization
  • Strong potential for repeat customer base
  • Established barbershop presence in New York market

Weaknesses

Areas for improvement

  • Limited differentiation from nearby competitors
  • Rising rent costs in the area may pressure margins
  • Digital presence score of 78 suggests room for online improvement

Opportunities

External potential

  • Develop a loyalty/membership program for recurring revenue
  • Leverage influencer marketing in the NYC beauty scene
  • Partner with local businesses for cross-promotions

Threats

External risks

  • New market entrants with aggressive pricing
  • Changing consumer preferences and beauty trends
  • Intense local competition from established brands

Strategic Recommendations

Quick Wins

Implement this week

Create Instagram portfolio of cuts

Offer beard grooming packages

Partner with local men's clothing stores

Growth Strategies

1-3 months

Add premium product retail line

Expand to mobile barbering for events

Offer grooming workshops

Risks to Monitor

Ongoing vigilance

Intense local competition from established brands

Economic downturn could reduce discretionary beauty spending

Startup Ideas

AI-generated business opportunities inspired by this analysis

1

Barbershop Subscription Box

Monthly curated box of barbershop-related products and treatments, building recurring revenue and brand loyalty.

2

Mobile Barbershop Service

On-demand barbershop services delivered to clients' homes or offices in the New York area, leveraging the gig economy model.

3

AI-Powered Barbershop Booking Platform

Smart booking platform that matches clients with barbershop providers based on preferences, availability, and reviews.

Digital Score

78/ 100
Good

Quick Stats

Competitors4
Est. RevenueN/A
Market TrendMen's grooming market growing 6% annually
Digital Score78/100

Contact Info

344 East 106th Street, New York, NY, 10029, 10029
Most popular

Unlock Full Analysis

Only 12% of businesses in this area have a growth strategy. Get a 20+ page deep-dive for 106th & 1st Barber Shop & Salon — financials, competitors, and a step-by-step action plan.

Coming soon • Instant delivery in 5 minutes • Money-back guarantee