Check the lease terms (escalation clauses are common) and equipment age (chairs, HVAC, and water heaters are expensive to replace). 3. Location and "Vibe"
You own the space and equipment; barbers pay you a weekly "booth rent." This is more like being a landlord. buying a barbershop
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. Check the lease terms (escalation clauses are common)
Barbershops are community hubs. Evaluate the "vibe" of the current shop: Ensure the seller has non-compete agreements in place,
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
Before looking at listings, decide what kind of owner you want to be: