Figueroa Barber Shop

Beauty & Spas · New York, NY

Business Summary

Figueroa Barber Shop is a beauty & spas business located in New York, NY with a developing digital presence scoring 38/100. The business operates in a moderate-to-high foot traffic area with good transit access. There are opportunities to strengthen online visibility and expand service offerings in the competitive NYC beauty & spas market.

Location & Competitors

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Neighborhood
commercial
Foot Traffic
moderate-to-high
Parking
limited street parking
Transit Access
good - bus routes and subway access
Nearby Landmarks
shopping centerschoolsuniversity

Competitive Landscape

BusinessDistanceDigital ScoreThreat Level
Virgy Beauty Studio
0m
49/100
Average
Medium
Fine Touch Nails Spa
0.80km
31/100
Weak
Medium
Barbershop 22
0.80km
59/100
Average
Medium
J-King Barbershop
0.80km
50/100
Average
Medium

Competitive Summary

Showing 4 of 4 competitors within 5km.

Financial Estimates

Financial Overview

Estimated Value$1,448,000
Industry Margin12-18%
Entry Cost$57,000

Market Analysis

Market Size$48B beauty services industry in the US
Trendgrowing
SeasonalityPeak demand during prom season (April-June), holidays (November-December), and wedding season (May-October)

Consumer Trends

Subscription-based membershipsMale grooming market expansionSocial media-driven style trends

SWOT Analysis

Strengths

Internal advantages

  • Word-of-mouth referrals drive growth
  • High-touch personal service creates strong relationships
  • Loyal repeat customer base

Weaknesses

Areas for improvement

  • Rising commercial rent in NYC
  • Dependent on individual stylist talent

Opportunities

External potential

  • Launch product line with salon branding
  • Offer subscription packages for regular clients

Threats

External risks

  • Economic downturns reduce discretionary spending
  • Staff poaching by competitors
  • Increasing competition from app-based beauty services

Strategic Recommendations

Quick Wins

Implement this week

Implement online booking system

Offer first-visit discount to build clientele

Growth Strategies

1-3 months

Launch loyalty app with points system

Add specialized services (keratin, extensions, microblading)

Expand hours for early morning/late night slots

Risks to Monitor

Ongoing vigilance

Health code violations

Liability from allergic reactions to products

Startup Ideas

AI-generated business opportunities inspired by this analysis

1

Beauty Service Marketplace

Platform connecting independent beauty professionals with clients, featuring real-time availability and reviews

2

Salon Supply Subscription Box

Monthly curated box of professional-grade beauty products for at-home maintenance between salon visits

3

AI Beauty Consultant App

An app using AI to recommend hairstyles, colors, and treatments based on face shape, skin tone, and preferences

Digital Score

38/ 100
Poor

Quick Stats

Competitors4
Est. RevenueN/A
Market Trendgrowing
Digital Score38/100

Contact Info

39 Washington Avenue, Belleville, NJ, 07109, 07109
Most popular

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