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    I Need Advice: Has Anyone Here Own a Salon or Barbershop?

    So basically all Square money was held on one account and then you paid back what was owed. And if there wasn't enough square money you would ask for the reminder in cash? A strategy Im thinking about is having the employees send me the weekly booth rent via cash app or square payment. They do...
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    I Need Advice: Has Anyone Here Own a Salon or Barbershop?

    Great info. And if Im not offered an option to buy the building then I should sign atleast a 2 year lease?
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    I Need Advice: Has Anyone Here Own a Salon or Barbershop?

    Wow, great info. A few things I grabbed from this. One thing is if some crazy events happen and I have to hire new barbers I would most definitely have to 10X the online marketing presence to regain new customers and their trust. If Im cash flowing the same as you did Id make my first profit in...
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    I Need Advice: Has Anyone Here Own a Salon or Barbershop?

    Hi ! So first , yes the business is located in a strip mall and I will get in contact with the owner next week to hopefully crunch out all the numbers so far Ive only done a little ground work talking to the barbers to get a feel of the culture they have between themselves and current owner. As...
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    I Need Advice: Has Anyone Here Own a Salon or Barbershop?

    theres 3 phones for answering apointments . Barbershops work as grassroots movements and this place stays pretty packed during the week. From speaking to the workers, Slow days would be monday and tuesday. Ive already thought of plenty of ways to drive traffic during those days. Marketing on...
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    I Need Advice: Has Anyone Here Own a Salon or Barbershop?

    brainfreeze . Thanks alot. Given that info would really make this deal solid
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    I Need Advice: Has Anyone Here Own a Salon or Barbershop?

    meaning bank accounts ?
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    I Need Advice: Has Anyone Here Own a Salon or Barbershop?

    Same thing just happened to a girl I dated in Charlotte NC. Her boss at the salon is moving into RE and gave her the salon business. Some people have different exit strategies I guess.
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    I Need Advice: Has Anyone Here Own a Salon or Barbershop?

    I like the sound of that. My goal this year was to build up enough streams that I will earn 10k a month passively. Might take 3-4 businesses but its doable. And a barbershop is pretty much recession proof
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    I Need Advice: Has Anyone Here Own a Salon or Barbershop?

    Wait lol. I thought a small business that I never have to walk into (except once a week) that could potentially bring in 2-2500 monthly would be considered fastlane. I would consider it in that category because It would not be my main source of income.
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    I Need Advice: Has Anyone Here Own a Salon or Barbershop?

    rent, lights/ac , water, insurance. What other expense would I be missing here?
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    I Need Advice: Has Anyone Here Own a Salon or Barbershop?

    understood. I have to look deeper as far as if the business has any debt. The business is already up and running, basically I would pay to take over the business and buying the furniture that is included in the asking price. He values the fixtures and furniture at $7500 (included in asking...
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    I Need Advice: Has Anyone Here Own a Salon or Barbershop?

    Has Anyone Here Own a Salon or Barbershop? Im thinking about purchasing my first one, only "hurdle" is I dont cut hair so I wouldnt be able to hold down a booth if a barber goes missing. My local barbershop is for sale by the owner for a low price of 14k. You can pay for 10K upfront and...

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