Refers to a barbershop, a place where men's haircutting, shaving, and grooming services are provided. Often used in formal or business contexts, while 床屋 (とこや) is more colloquial.
See also: 理容室 (りようしつ)
A new barbershop opened in front of the station.
I had my hair cut at the barbershop.
Compound of 理容 (riyō, 'barbering, hairdressing') and 所 (sho, 'place'). The exact historical derivation is uncertain, but the spelling is conventionally associated with the meaning.