Artisan Barber Takes a Look at the Barber Shop Industry

Launched in 2017 on the Upper East Side is Artisan Barber, a barber shop in NYC owned by our very own Charlie McCoy. In the United States, according to an IBISWorld report, there are 131,077 barber shops, making our shop one of them. The market size of barber shops is relatively massive, sitting at $5 billion, as told by the same report. Revenue in this industry has increased steadily since 2015 to 2020 at an annualized rate of 5.3%. Despite the Covid-19 breakout this year, 2020 has so far seen a 1.3% increase in revenue. Charlie proved the steady rise in the industry right in 2019, when he opened his second business, the unisex salon, Orchard & Ludlow on the Lower East Side. Both his businesses took a hit this year due to the Coronavirus, but are managing to bounce back thanks to loyal clientele and McCoy’s business savvy.

Artisan Barber, home to the best men’s haircuts in NYC has managed to maneuver the barber shop industry successfully since it opened its doors in 2017. It is not only a locale where men can get beard trims or fades but also a center for the community surrounding it. Clients can go to our barber shop, mingle and make connections with the different personalities that grace it. The unique traits that we possess is what allows us to succeed in such a competitive industry, especially in New York City. Another fact that plays into the growth of this industry is the increasing population size in this country. The more people the more customers, premium barber shops in NYC like Artisan Barber get.

Additionally, unique services that Artisan Barber offers play a huge role in revenue increase for barbers. As explained by IBISWorld, “barbers are generating more money per person in 2020 than they did in 2015, as specialized services are becoming more popular, which also contributed to revenue growth.” Just one visit to our shop is sufficient for anyone to understand why this industry continues to grow. Book an appointment with our master barbers at www.artisanbarber.com