Any brothers here own a barbershop?
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do you know what vig means?
From me it means profit. But we can use the term profit instead.
i don't own a barbershop.
But i doubt owners make that much money. They're only renting out the chairs so their profit margin is probably small. Like 5 chairs at 300 dollars a week. Thats 1500 a week minus rent and expenses. So maybe 3,000 total profit for the month. And thats if they're in a good location.
Decent hustle/front but its not gonna have you eating.
But i doubt owners make that much money. They're only renting out the chairs so their profit margin is probably small. Like 5 chairs at 300 dollars a week. Thats 1500 a week minus rent and expenses. So maybe 3,000 total profit for the month. And thats if they're in a good location.
Decent hustle/front but its not gonna have you eating.
Two ways to do it.
Barber can pay you a flat fee for the chair per week like 300 dollars.
Or you can get a commission off of each cut. I'm not sure what the percentage of commission is supposed to be.
But if you're tryna run a self maintaining business it will be cheaper to just take the flat fee. If you're taking commissions you gotta sit in the shop all day counting heads.
I'm white and don't but my good friend since childhood owns 2 now that his father passed his businesses on. I'll go by it and take a pic tomorrow, right under the sign he has one that has a black power fist over Africa that says 100% black owned and operated, always think of that when I see the black business threads on here.
Do you want me to put you in contact with him, you're in otown right?(don't know how serious you are) or want me to ask him a few questions for you? He makes really good money, I know barbers pay "rent" for the chair and area and more if they don't have their own equipment. Also they have a set rotation for walk-ins but its up to the individual barber to bring in his/her own clients to eat well and if you don't make X amount for 3 months he either fires them or cuts their hours back.
Do you want me to put you in contact with him, you're in otown right?(don't know how serious you are) or want me to ask him a few questions for you? He makes really good money, I know barbers pay "rent" for the chair and area and more if they don't have their own equipment. Also they have a set rotation for walk-ins but its up to the individual barber to bring in his/her own clients to eat well and if you don't make X amount for 3 months he either fires them or cuts their hours back.
beenz
Rap Guerilla
depends on how much ur rent is. since we all know barbershops can exist successfully in the hood, that means you could easily rent out a storefront for a low price. also, he could cut hair himself as the owner to make more money. if the barbershop owner cuts 50 heads a week, that's like $1000 right there alone.
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This account was for entertainment purposes only.
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This account was for entertainment purposes only.
Store front rent and location seems to be the biggest issue here..
I insure a few barbershops and from what the owners have told me, this is correct w/ the two different ways.
I think the best leg to stand on w/ them is they're almost always cash only, makes for interesting reporting.
OK well if you have any questions I don't mind asking for you and he definitely wouldn't mind helping someone out. Just figured I'd share my 2 cents cause only a few ppl were. Good luck with your research bro.
Opening a barbershop has crossed my mind recently. Its a substantially lower overhead in comparison to startup with other businesses. I had an opportunity to do so s few years ago but ended up investing in a bar that worked out for me. I was "this" close to pulling the trigger on the shop though. I had to start over financially since then due to something else but my savings has reached a point for me to invest/start another business venture.
Damn 
wish I was gonna be up in Chicago for the 13th instead of the first, people like you are the right type of people to meet in new places especially. That entrepreneurial spirit isn't in everyone but everyone I've met that's had it was doing great in life compared to peers(even if they had temporary financial issues/stress, goes with the territory).
wish I was gonna be up in Chicago for the 13th instead of the first, people like you are the right type of people to meet in new places especially. That entrepreneurial spirit isn't in everyone but everyone I've met that's had it was doing great in life compared to peers(even if they had temporary financial issues/stress, goes with the territory).