The Masters Barber Shop

Beauty & Spas · New York, NY

Business Summary

The Masters Barber Shop is a barbershop serving the Ridgewood community in New York City. The barbershop industry in NYC remains resilient with strong demand for men's grooming services. The shop maintains a reasonable digital footprint that supports customer acquisition.

Location & Competitors

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Neighborhood
mixed residential-commercial
Foot Traffic
very high
Parking
nearby garage available
Transit Access
subway within 2 blocks
Nearby Landmarks
T-MobileRite AidDunkin'Chase Bank

Competitive Landscape

BusinessDistanceDigital ScoreThreat Level
Camila Nails Salon
0m
33/100
Weak
Medium
J's Beauty Salon
0m
53/100
Average
High
Rong Beauty Salon
0m
27/100
Weak
Medium
Hoor Beauty Salon
0m
54/100
Average
High

Competitive Summary

Showing 4 of 4 competitors within 5km.

Financial Estimates

Financial Overview

Estimated Value$270K
Industry Margin16%
Entry Cost$108K

Market Analysis

Market Size$1.3B (NYC metro)
Trendgrowing
SeasonalitySteady year-round with slight peaks before holidays and summer

Consumer Trends

express/walk-in servicesloyalty programs

SWOT Analysis

Strengths

Internal advantages

  • Established in Ridgewood
  • Walk-in convenience

Weaknesses

Areas for improvement

  • Dependent on barber talent retention
  • Competition from chain salons

Opportunities

External potential

  • Expand to beard/skincare services
  • Partner with local men's brands

Threats

External risks

  • Barber poaching by competitors
  • DIY grooming trend post-pandemic

Strategic Recommendations

Quick Wins

Implement this week

Claim and optimize Google Business listing

Offer referral discounts

Growth Strategies

1-3 months

Launch grooming product line

Open second location

Risks to Monitor

Ongoing vigilance

Neighborhood gentrification/rent hikes

Seasonal dips in walk-ins

Startup Ideas

AI-generated business opportunities inspired by this analysis

1

Men's Grooming Subscription

Monthly subscription for haircuts plus curated grooming products delivered to door, building on the barbershop's local reputation.

2

Barber Booking App

Neighborhood-specific booking app connecting Ridgewood residents with available barber chairs in real-time, reducing wait times.

3

Pop-Up Barber Events

Mobile barbershop service for corporate offices, gyms, and events across NYC, extending the brand beyond the physical location.

Digital Score

71/ 100
Good

Quick Stats

Competitors4
Est. RevenueN/A
Market Trendgrowing
Digital Score71/100

Contact Info

159-25 Hillside Avenue, Jamaica, NY, 11432, 11432

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