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.
Barbershops are community hubs. Evaluate the "vibe" of the current shop: buying a barbershop
Does the shop have a membership program or a high re-booking rate? Is the shop priced for the neighborhood
You employ barbers and take a percentage of their service totals (typically 50/50 or 60/40). This requires more active management but has higher scaling potential. 2. Financial Due Diligence buying a barbershop
A shop in a high-foot-traffic area relies on walk-ins; a "destination" shop relies on a digital presence.
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.
Barbershops are community hubs. Evaluate the "vibe" of the current shop:
Does the shop have a membership program or a high re-booking rate?
You employ barbers and take a percentage of their service totals (typically 50/50 or 60/40). This requires more active management but has higher scaling potential. 2. Financial Due Diligence
A shop in a high-foot-traffic area relies on walk-ins; a "destination" shop relies on a digital presence.