Wig Shop With Private Fitting Room

People experiencing hair loss, often referred by word of mouth or local cancer support groups, plus customers wanting fashion or costume wigs.

Retail margin on wigs and accessories, plus fees for fittings, cutting, styling and repairs.

• Hair styling or cutting
• Sensitive, private customer service
• Stock buying and shop management

• Commercial general liability insurance
• Lease terms and rent, a slow first season can be costly
• Check whether your province or municipality requires any licence if you do cutting or styling, as hairstyling rules vary
• Register for GST/HST once you pass the small supplier threshold
• Stock tied up in unsold wigs, start with a small range
• Winter weather can reduce foot traffic, plan cash flow for slow months

Startup costs are typically estimated at around $15,000 to $60,000, depending on the premises, fit-out, opening stock and insurance. Starting with a small range of wigs helps limit cash tied up in unsold stock.

Monthly revenue is typically estimated at around $4,000 to $20,000, depending on location, range and services such as styling and cap adjustments. A slow first season can be costly, and winter weather may reduce foot traffic.

Check whether your province or municipality requires any licence if you do cutting or styling, as hairstyling rules vary. Also check commercial general liability insurance, lease terms, and GST/HST registration once you pass the small supplier threshold.