A Feasibility Study on the Establishment of Barbershop on Wheels in Bagong Silang, Caloocan City

Abstract

Barbershop on Wheels is a barbershop inside a mobile truck that offers not only haircuts but also massage, manicure and pedicure, hair color and highlights, waxing and foot spa, all of these in a great interior design to give relaxation and satisfaction to the customers. The business logo is made in order for the customers to easily recognize them. Barbershop on Wheels will be parked at Phase 5, Bagong Silang, where the main office is also located. Every week, the mobile truck will change its location within Bagong Silang. According to the survey in different areas of Bagong Silang, around fifty-one (51%) percent usually visit a barbershop. The survey results revealed that thirty-four (34%) percent of the respondents consider the price in choosing a barbershop. Seventy-four (74%) percent of the respondents visit a barbershop to fr a haircut. Sixty-one (61%) percent said that their preferred location is stationary or shop and this is considered a problem of the business. The business is classified as General partnership where each partner agrees to contribute money in the amount of Five Hundred Fifty Thousand (₱550,000) to raise a capital of Two Million Seven Hundred Fifty Thousand (₱2,750,000.) The said business is viable in terms of return on investment at 105% percent on the fifth year of the business operation. Although the favored location is stationary which is opposite to the concept being proposed, the business is still possible because of its uniqueness and because of the variety of services offered. The researchers therefore conclude that the business should be pursued and established.