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
You are behind the chair. You buy a job and a business. buying a barbershop
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. You employ barbers and take a percentage of
A shop in a high-foot-traffic area relies on walk-ins; a "destination" shop relies on a digital presence. Financial Due Diligence You are behind the chair
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.
Once you’re serious, meet the barbers. If they don't like the change in leadership, they can leave overnight, taking their clients with them. 5. Transition Strategy Don't change the name or the prices on Day 1.
