AS BUSINESS ideas go, it’s not exactly a hair-raising proposition.
Still, a simple, no-frills idea imported from Japan has turned in riches for this innovative entrepreneur.
All Koki Matsuda, a Japanese national who has lived in Singapore for seven years, started offering less than a year ago was a simple 10-minute haircut for S$10 (RM22).
If you thought that’s not an idea worth a hair, think again: his chain of salons – called QB House – looks set to rake in revenues of about S$2mil (RM4.4mil) in its first year of operations and a profit of S$500,000 (RM1.1mil).
And what started out as a lone outlet at Hitachi Tower in Raffles Place last April has expanded to include four other outlets in just nine months.
Spurred by its success, the 39-year-old Matsuda is now looking to open 10 more outlets.
Said a beaming Matsuda: “We are not a normal hair salon. We are like the fast-food outlets of the hairdressing industry.”
The success of QB House was in trimming its service to a bare minimum, he said.
In keeping with its no-frills positioning, QB House has consciously eschewed washing, blow-drying and other hair treatments. – The Straits Times/Asia News Network