Is the shop priced for the neighborhood? A $60 fade won't sell in a college town as well as it does in a financial district. 4. Staff Retention In this industry, the talent is the business.
Ensure the seller has non-compete agreements in place, or be prepared for the barbers to follow the old owner to a shop down the street. buying a barbershop
When reviewing a shop’s books, look past the "top line" revenue: Is the shop priced for the neighborhood
You own the space and equipment; barbers pay you a weekly "booth rent." This is more like being a landlord. buying a barbershop
Check the lease terms (escalation clauses are common) and equipment age (chairs, HVAC, and water heaters are expensive to replace). 3. Location and "Vibe"