Just got the key to my shop today, been cutting 30 years and finally stepped away from my job in December. I have 168 clients and can’t get to them all so I found some barbers and put the money up. Now the work begins…. This video was on point 💪🏾💪🏾💪🏾
I'm 38 and I've been cutting hair for about 10 years in my garage now and I just decided to leave my job that I dont like I'm gonna follow my passion I need to make this happen and go to school, your video inspired me to go to school and get my own shop. Thanks bro, keep the videos coming!
bro i’m 19 , i grew bigger than i expected in the last two years i been cutting & i’m trying to make the step and open up right now, this really clears things up for me
Yo barbers knows the connects bro! I love that I ask my barber for a roofer! The dude gave me 2 connects! I love the barbershop vibes! Thanks for the share bro!
Thank you guys so much for the video.i am just starting my business as a supplier, it is something new to the city I just moved to. Your info. helped me a lot . Keep these videos coming, the only issue with the video is I couldn't hear your voices. Thank you so much.
im thinking about opening up a shop but im not a barber, im more so opening it up because i want to open a business and ive always loved barbershops, giving barbers some opportunities is my goal but ive still got a bunch of stuff to think about
Sean, you’re a good man bro, thanks for those tips. I really wanna to open my own barber shop, but first i need the experience and your tips are very helpful and inspirational. Thanks so much for the tutorials and everything you’re doing, your videos are awesome 👏. ✊🏼
Ty so much for the info I want to open up a barbershop I been in the industry almost 12 yrs and I’m tired of corporate 😢 I feel stuck like I can’t grow any further
I like watching your videos, I've been a barber for over 25 years. My pop nd older brother and me have a barbershop nd it has been around for 50 years, we have 10 barbers nd we pay them commission. Nd we take taxes away from them.so they get a w-2 at the end of the year. I would like to open another shop nd do the rent for my guys..but time will tell..keep them videos coming👍
@@Seancutshair How many chairs do u say u have? Nd how much do u rent the chairs? The newer barber shops here where I live do the same thing u do by renting chairs. But they have 15 16 chairs...I guess that's how the owners make a good profit
Forgive me Sean. Here i am commenting on several replies and comments, yet..... I havent taken a minute to acknowledge or conpliment your content! First off. . Congratulations. Great video. Great content. I love to hear the success stories!!! Wishing you tons of success and longevity! "Tiz The Locsmith" Master Barber/Master Stylist/Master Loctician/CEO- International Cutmasterz Barbershop Inc.
great tips! im no longer satisfied and happy at my shop. I want to grow and prosper! thinking about building a mobile barbershop maybe in vintage Airstream. :)
awesome video bud, and interesting, am a barber from scotland.. a choose a different approach to it and i do mobile barbering, i love my job, and the reason a also choose this route, is to help others that cant leave there house and also do retired people as well. much love from scotland and keep those awesome videos coming, a new fan here :)
My barber is crazy talented. He has a huge clientele and he’s trying to get out of his shop. I offered to invest in his place for part ownership. Watched this to figure out if it would be worth it.
Hey Sean, I was hoping that you would pull some numbers together even if they are fabricated ones to give a little more detailed information. I've been kicking that idea around of opening my own shop one day. Booth rent versus shop rent and how you pull all of that together would be awesome.
I'm sure I'm too late with this answer. But I'll give you an idea. Add up all your expenses. Get some ideas what utilities will be. For example, I have apx 1200 Sq ft. I run a 25k BTU a/c, and my shop is well lit. My light bill comes to $800 bimonthly during the winter, and $1,500 during the summer. Add up all your expenses. Let's say that comes to $4,000 per month and you have 8 chairs, and 8 barbers....$4,000÷7= $571 (Per month per chair), not counting YOUR CHAIR. That breaks down to $142 per week. Per chair. Bit ideally, the odds of you having all 8 chairs full out the gate is slim. Also....you would need to find out what business model is the shops I'm your area using? Booth rent or percentage. As an owner you make WAY more money! But. That means you would HAVE to BE there to watch over your money! Feel free to message me for more tips, or if you need a mentor. My name is "Tiz The Locsmith". Master Barber/Master Stylist/Master Loctician/Ceo- International Cutmasterz Barbershop Inc., located in Selden, NY. Follow me on Google, Facebook, and Instagram (to name a few). I'm always open and available to share information or mentorship! Be well!
I don't know what state you live in but the New York City every Barbershop stays pack with people.. it's also where you make a lot of money any simple haircut from 25 to $40.. any barber in New York City makes a lot of money I know because I'm also a barber... New York it's one of the best jobs you can do. Being a barber it's a form of Art.. the first Barbers go back to ancient Egypt.. and they were highly respected and honored they will also the doctors of medicine and the witch doctors.. opening up your own barber shop in New York is I'll gold mine most open up more than one.
Aye bro bro new sub to the channel but real talk on this one. Way to keep your head up, hope y'all are ballin out now that shits clearing up out there.
@@Seancutshair for sure man. Thanks to the likes of you, bossio and thebarberstable it's helped me realize I needed a change during this pandemic. Rediscovered a passion so I'm gunna practice and save up this yr then go get my license next yr ✂️ better late than never.
I just watched your video and it was very eye-opening and very insightful... I've been at the same shop for 5 years and I'm very successful and I finally broke off to do what I need to do for myself as in the same reasons you did you, thank you for posting this video I really enjoyed watching it and I gained a lot of tips and pointers....
I agree with you it's better to charge rent then commission I as Barbarar wouldn't work in any Barber Shop where I have to pay commission my money is my money that I make..
Not necessarily. I make more income owning the shop from cutting hair, but it’d be possible to make income just from owning it. Just have to set it up the right way!
Of course not you don't have to be a barber to make money just need to have enough chairs in the barber to rent out.. I know a lot of people who are not Barber and own Barbershop..
@@Seancutshair appreciate The advice and the response! Any tips on how to make my social media post stand out to get people more interested? Or should I just keep posting my cuts ? But I appreciate all your videos they really do help!
Your shop is so nice.. can I copy some of your decorations? Hahahaha just kidding. I'd like to have a shop like yours man. Can I get a shout out on your next video? Im from the Philippines.. boy-E the barber here.. thanks
Appreciate you! Stoked to have people subscribed from all over! Send a haircut in for feedback and I’ll put you in the next video. Seancutshairfeedback@gmail.com
Good video.. dropped some knowledge.. I m surprised other barbers in yo re city don t support smdh.. What general state/city you re in? Just curious bro.. Keep up the good work
Cool… I’m in Ohio.. I m a Barber but 4 yrs back my son used to go UK and every Barber around the school was messing his head up.. Wish I knew about your then lol.. I ll have to check you out next time I’m in Kentucky man.. As to walk ins can t do it anymore lol I notice clients respect you more when you re appt. only vs taking walk ins plus easier to raise prices so business wise it was smart… You re right.. That old way of thinking is dead Bruh..
We've opened up a barbershop but wondering what tools or purchases are needed to take cash payments and card payments for clients. Do we need a cash drawer. Point of Sale?
My barbers do their own point of sale. They take their own cash, Venmo or cashapp, and can use a square card reader if they want. If you wanted to run a system for everybody you could, but I don’t know much about that.
Seancutshair nice man so I’m in Boston and really really interested in starting my own place been saving for a while have around 50k willing to put in 30 (not trying to spend everything I have) according to google it recommends 150-200k and I think that’s crazy I live in the hood and there’s small shops on every corner def not 200k investment. I want to start small and build from there. There’s a place called Boston barber and tattoo they actually have some footage of the place on TH-cam I believe they built on a coffee shop too which I love that idea( would like to model it somewhat like there’s but with my own twists hot towels etc). I’m just afraid of being stuck paying the rent while the town inspector and board come to approve. Which I want to have everything in place before I pull the trigger. About to buy 7 chairs and 8 stations tomm and I’m going to put them in storage with all the other things I’ve accumulated.
Do you do booth rent by month? Or weekly? Also, in your example the booth rent you made was enough to cover the shops rent/mortgage and expenses. Should that be how every shop owner figures out how much to ask for booth rent? And are there any other factors to decide that amount?
Booth rent is weekly. At the time I just made sure I could cover expenses. Now I wish it was enough to be more profitable. Just have to find the right number for you.
@@Seancutshair ok so the guys handle they’re own form of payments ? Like they can use whatever they like for payments but obviously have to report at the end of the year.
@@MrFRESKOTV that’s up to you. For me, booth rent was simpler. Pay at the end of the week and the shop runs itself. Commission requires a system to track it and then they become employees which is a whole other ballgame. Honestly don’t know that side of things. Just wanted to keep things simple
Just got the key to my shop today, been cutting 30 years and finally stepped away from my job in December. I have 168 clients and can’t get to them all so I found some barbers and put the money up. Now the work begins…. This video was on point 💪🏾💪🏾💪🏾
Love it!!!
I'm 38 and I've been cutting hair for about 10 years in my garage now and I just decided to leave my job that I dont like I'm gonna follow my passion I need to make this happen and go to school, your video inspired me to go to school and get my own shop. Thanks bro, keep the videos coming!
That’s amazing! It will change your life!
2 years later, have an update ? How’s it going ?
?
@@FA-hb3hfbrilliant idea
bro i’m 19 , i grew bigger than i expected in the last two years i been cutting & i’m trying to make the step and open up right now, this really clears things up for me
You got it! Glad I could help!
I'm 39 working as a barber in Toronto downtown for 16 years and i just decided to open my own shop🤑
Good luck! Coming to Toronto next year!!!
Yo barbers knows the connects bro! I love that I ask my barber for a roofer! The dude gave me 2 connects! I love the barbershop vibes! Thanks for the share bro!
One of the best parts of the job is the people!!!
Thanks man. You've really saved me with these information cos people don't really tell you things. God bless.
🙏🏼🙏🏼
That’s what barbers do, we invest in people before our on interest. Good to see that you’re a good employer.
I try my best!
Thank you guys so much for the video.i am just starting my business as a supplier, it is something new to the city I just moved to. Your info. helped me a lot . Keep these videos coming, the only issue with the video is I couldn't hear your voices. Thank you so much.
Love it! Recording has improved greatly since then! Good luck!!!
Your truly amazing and congratulations on 4 years later and great tips and awesome advice
Thanks Louis 👌🏻
Always support you.. Sir❤
Thank you!
im thinking about opening up a shop but im not a barber, im more so opening it up because i want to open a business and ive always loved barbershops, giving barbers some opportunities is my goal but ive still got a bunch of stuff to think about
That’s awesome!
I’m the same way. I like the culture. But I’m not a barber lol
I wanna do the same but I’m scared 😳
I really appreciate your honesty 💯💪🏽
🙏🏼🙏🏼🙏🏼
Very clear and accessible explains.
🙏🏼🙏🏼🙏🏼
im 20 years old and started cutting last september and just got licensed last month i really hope to open my shop after i get my EPL !
I’ve been with a barber for 7 years and here I am ready to open my shop I have admired the work of a barber 💈
🙌🏻🙌🏻🙌🏻
Bro, when you said "twelve dollar haircut..." That was me for years at my grandpa's shop. I'm ready to forge my own path!
That’s rough!
I've been ghost but i still be watching you bro! Great nuggets! Hope all is well during these harder times!
Hangin in there bro!
Thanks for the insight brother, God bless you
Very welcome!
Indeed this is much helpful, am in Uganda trying to open up a barber shop in town... I really appreciate your tips Sir, thanks
🙌🏻🙌🏻🙌🏻
This was an awesome video xx
Thank you!!
This was good. Opened my mind to a lot of questions I didn’t know I had
👌🏻👌🏻👌🏻
Thank God for YT suggestions your channel is just what I needed
Sean, you’re a good man bro, thanks for those tips. I really wanna to open my own barber shop, but first i need the experience and your tips are very helpful and inspirational. Thanks so much for the tutorials and everything you’re doing, your videos are awesome 👏. ✊🏼
Appreciate it glad I could help!
I’m planning to open up my own barbershop one day. This video has a lot of helpful info! Thanks!
🙌🏻🙌🏻🙌🏻
This is so helpful Sean!
Thank you for always keeping it 💯 and sharing openly your experience and knowledge.
🙏🏼🙏🏼🙏🏼
Much respect for you Sir. You have a good heart. May the Lord bless you
🙏🏼🙏🏼🙏🏼
Thanks man. Really appreciate your honesty. I think I could start mine now.
Do it! Good luck!!!
Great video!!! Appreciate you sharing the knowledge!!
Yessir! Thanks Scott!
Awesome video, tons of value! Keep rockin'
Appreciate it! Glad it helped!
Ty so much for the info I want to open up a barbershop I been in the industry almost 12 yrs and I’m tired of corporate 😢 I feel stuck like I can’t grow any further
Sounds like that’s the move!
Love seeing the comments of all these motivated barbers 🔥🔥💪🏽
💯💯💯
@@Seancutshair my guy ! 💯
Dope vid ‼️‼️appreciate the gems Sean 🔥
Anytime!!! 🙏🏼🙏🏼🙏🏼
Great info bro. How about a video highlighting the barbers in your shop it would be cool to see the rest of the Klutch Krew!
Might work on that when I get back to work!
I like watching your videos, I've been a barber for over 25 years. My pop nd older brother and me have a barbershop nd it has been around for 50 years, we have 10 barbers nd we pay them commission. Nd we take taxes away from them.so they get a w-2 at the end of the year. I would like to open another shop nd do the rent for my guys..but time will tell..keep them videos coming👍
The tax part would be nice for them for sure! That’s the hardest part
@@Seancutshair
How many chairs do u say u have? Nd how much do u rent the chairs? The newer barber shops here where I live do the same thing u do by renting chairs. But they have 15 16 chairs...I guess that's how the owners make a good profit
thank you much for your time GOD BLESS
🙏🏼🙏🏼🙏🏼
SUPREMELY IMPRESSIVE STUFF
🙌🏻🙌🏻🙌🏻
WEK⚡SOS plate goes hard
💪🏻💪🏻💪🏻
Forgive me Sean. Here i am commenting on several replies and comments, yet..... I havent taken a minute to acknowledge or conpliment your content! First off. . Congratulations. Great video. Great content. I love to hear the success stories!!! Wishing you tons of success and longevity!
"Tiz The Locsmith"
Master Barber/Master Stylist/Master Loctician/CEO- International Cutmasterz Barbershop Inc.
Hey thank you 🙏🏼🙏🏼🙏🏼
Good soul bro hope you see your goals bruv
Appreciate it!
THANK YOU!!! Learned so much from this video! Time to start these dreams of mine 🤩
Get it! Good luck!!!
Great advice bro - much appreciated! 🔋
Welcome! Glad it helped!
great tips! im no longer satisfied and happy at my shop. I want to grow and prosper! thinking about building a mobile barbershop maybe in vintage Airstream. :)
Sounds like time to do it!
Great tips 🤩👍 anyway I'm from Singapore you should come here for holiday after this pandemic you will be amaze 🤩👍
That’d be a fun trip!
Best video out on how to open your own shop. Subscribed and followed you on ig. Keep it up bro 💪🏻
Thank you! Much more coming!!!
Great info, really do appreciate the honesty 🙏🏼💯
🙌🏻🙌🏻🙌🏻
awesome video bud, and interesting, am a barber from scotland.. a choose a different approach to it and i do mobile barbering, i love my job, and the reason a also choose this route, is to help others that cant leave there house and also do retired people as well. much love from scotland and keep those awesome videos coming, a new fan here :)
Thats awesome! I have a good friend that always suggested mobile barbering! So cool
@@Seancutshair aye its fun and relaxing, but at the same time rewarding, a just found your channel, your one cool guy. thx for your content man
This was very helpful. Thanks bro
Good to hear!
Love your videos man! Always giving us good advice and you keep it 💯
Thank you 💪🏻💪🏻💪🏻
Great IMFORMATION
Got a full series coming soon! Make sure you check that out!
So helpful
Very helpful. Peace.
🙏🏼🙏🏼🙏🏼
Very helpful
Glad you think so!
My barber is crazy talented. He has a huge clientele and he’s trying to get out of his shop. I offered to invest in his place for part ownership. Watched this to figure out if it would be worth it.
That’s dope! Hope it works out!
Hey Sean, I was hoping that you would pull some numbers together even if they are fabricated ones to give a little more detailed information. I've been kicking that idea around of opening my own shop one day. Booth rent versus shop rent and how you pull all of that together would be awesome.
I’m gonna work on it at some point stay tuned!
I'm sure I'm too late with this answer. But I'll give you an idea. Add up all your expenses. Get some ideas what utilities will be. For example, I have apx 1200 Sq ft. I run a 25k BTU a/c, and my shop is well lit. My light bill comes to $800 bimonthly during the winter, and $1,500 during the summer. Add up all your expenses. Let's say that comes to $4,000 per month and you have 8 chairs, and 8 barbers....$4,000÷7= $571 (Per month per chair), not counting YOUR CHAIR. That breaks down to $142 per week. Per chair. Bit ideally, the odds of you having all 8 chairs full out the gate is slim. Also....you would need to find out what business model is the shops I'm your area using? Booth rent or percentage. As an owner you make WAY more money! But. That means you would HAVE to BE there to watch over your money! Feel free to message me for more tips, or if you need a mentor. My name is "Tiz The Locsmith". Master Barber/Master Stylist/Master Loctician/Ceo- International Cutmasterz Barbershop Inc., located in Selden, NY. Follow me on Google, Facebook, and Instagram (to name a few). I'm always open and available to share information or mentorship! Be well!
This was very helpful 👍🏽
Good to hear!
I don't know what state you live in but the New York City every Barbershop stays pack with people.. it's also where you make a lot of money any simple haircut from 25 to $40.. any barber in New York City makes a lot of money I know because I'm also a barber... New York it's one of the best jobs you can do. Being a barber it's a form of Art.. the first Barbers go back to ancient Egypt.. and they were highly respected and honored they will also the doctors of medicine and the witch doctors.. opening up your own barber shop in New York is I'll gold mine most open up more than one.
Appreciate it a lot my boii 💪🏽💯
No problem!
Aye bro bro new sub to the channel but real talk on this one. Way to keep your head up, hope y'all are ballin out now that shits clearing up out there.
Bro I haven’t stopped! Was so glad to be back but looking forward to a long 4th of July weekend! Appreciate you!
@@Seancutshair for sure man. Thanks to the likes of you, bossio and thebarberstable it's helped me realize I needed a change during this pandemic. Rediscovered a passion so I'm gunna practice and save up this yr then go get my license next yr ✂️ better late than never.
Thank you for sharing
Welcome!
Good stuff man! Interesting content from a business perspective. Maybe 1 day I’ll get there. Have to 1st get my license.
👌🏻👌🏻👌🏻
Appriciate the good info!!
Yessir 👌🏻👌🏻
helpful info bro
Appreciate it!
I just watched your video and it was very eye-opening and very insightful... I've been at the same shop for 5 years and I'm very successful and I finally broke off to do what I need to do for myself as in the same reasons you did you, thank you for posting this video I really enjoyed watching it and I gained a lot of tips and pointers....
🙏🏼🙏🏼🙏🏼 good luck!!!
@@Seancutshair much appreciated bro
I agree with you it's better to charge rent then commission I as Barbarar wouldn't work in any Barber Shop where I have to pay commission my money is my money that I make..
💯💯💯
Great Video make more about opening and running a shop or building clientele or branding ect ! 👌🏼
👌🏻👌🏻👌🏻
Do you think it's possible to own a barbershop without actually being a barber? Do you actually have to cut hair in order to make profits?
Not necessarily. I make more income owning the shop from cutting hair, but it’d be possible to make income just from owning it. Just have to set it up the right way!
Of course not you don't have to be a barber to make money just need to have enough chairs in the barber to rent out.. I know a lot of people who are not Barber and own Barbershop..
FACTS ❤ it 😅
🙌🏻🙌🏻🙌🏻
Great video bro!!! Good barber talk how much you charge for your hair cuts?... good looking shop btw. Nice and clean!!
My haircut is $30
Seancutshair that’s a good price!! When you put in work you deserve every penny 👍
Pls how mush coest barber shop project ?
I have a whole series on it with the cost of everything!
Thanks for the great tips bro
💪🏻💪🏻💪🏻
Can’t wait to put this info to good use 🦾💈🔥
Good luck!
Hey 👋 I have a question: How to prevent cashiers and barbers stealing money together or not putting it into cassa ?
I don’t do commission or a register partially for that reason. Just makes things more difficult for everyone to have access to all the money
Thanks you!
You had the same ambition as I ..I will one day have a shop too ...and ima invite you over ...remeber the name of the town “ A-Town California”
💪🏻💪🏻💪🏻
What type of business model did you use to open your barber. Sole proprietor? LLC?
Didn’t have either until this past year. Just a sole proprietor
What about the liscince de we need liscince for that if we do then where we can get that and how can you please explain me this
How do u build clientele ?? Without working in a shop yet ?
That’s tough but word of mouth and promoting on social media platforms. Good old fashioned business cards always work too
@@Seancutshair appreciate The advice and the response! Any tips on how to make my social media post stand out to get people more interested? Or should I just keep posting my cuts ? But I appreciate all your videos they really do help!
Appreciate the info 🙏🏾
Yessir!
After all this years, do you keep it all rent or do you also do comission ?
Just booth rent
What is the average booth rent in your area? I'm about to start barber college so I'm curious what I'm going to be looking at in that regard.
Minimum $150, we just went up to $230 but we charge double any shop in town
@Seancutshair that's weekly right?
What brand of barbering chairs you recommend.
All I’ve ever had are chairs from BuyRiteBeauty. I think they’re called K.O. Barber chairs. Affordable and have lasted pretty well
Hey sean how does the partnership work ? Like i have an investor but i just dont see what his earnings would be. Can you give me a bit of advice
You could do a percentage of the profit at the end of the month. That would be the way I would do it unless you can get creative
How much for the both rent. Do the both rent cover the store rent . How many chairs do ye meet to di something like that . Thanks man
Rent was 150 a week. And with enough chairs it covers the shop rent and bills and then some.
Any license requirements to open ?
Just licensing the shop per your state regulations
Your shop is so nice.. can I copy some of your decorations? Hahahaha just kidding. I'd like to have a shop like yours man. Can I get a shout out on your next video? Im from the Philippines.. boy-E the barber here.. thanks
Appreciate you! Stoked to have people subscribed from all over! Send a haircut in for feedback and I’ll put you in the next video.
Seancutshairfeedback@gmail.com
Please check your instagram inbox. I sent a photo of haircuts . Please ...
how did you find your barbers (hire)
Most were friends of mine. Otherwise reached out to local barber schools to see who was in school. Went from there
Thanks
How much you charge for booth rent every week
$200
Good video.. dropped some knowledge.. I m surprised other barbers in yo re city don t support smdh.. What general state/city you re in? Just curious bro.. Keep up the good work
Small town in Kentucky. They all have old school shops that haven’t changed in 15+ years, vacuum clippers, and walk ins only. 🤷🏻♂️
Cool… I’m in Ohio.. I m a Barber but 4 yrs back my son used to go UK and every Barber around the school was messing his head up.. Wish I knew about your then lol.. I ll have to check you out next time I’m in Kentucky man.. As to walk ins can t do it anymore lol I notice clients respect you more when you re appt. only vs taking walk ins plus easier to raise prices so business wise it was smart… You re right.. That old way of thinking is dead Bruh..
How much was it to start up the barbershop ?
Right under 20k
I just got my barber license, and I wanna open a shop already , will you recommend that ?
We've opened up a barbershop but wondering what tools or purchases are needed to take cash payments and card payments for clients. Do we need a cash drawer. Point of Sale?
My barbers do their own point of sale. They take their own cash, Venmo or cashapp, and can use a square card reader if they want. If you wanted to run a system for everybody you could, but I don’t know much about that.
Eraaaaah!!!
😬😬😬
If you don’t mind me asking man, how much did it cost you?
I spent around 18k for everything to get started
Seancutshair nice man so I’m in Boston and really really interested in starting my own place been saving for a while have around 50k willing to put in 30 (not trying to spend everything I have) according to google it recommends 150-200k and I think that’s crazy I live in the hood and there’s small shops on every corner def not 200k investment. I want to start small and build from there. There’s a place called Boston barber and tattoo they actually have some footage of the place on TH-cam I believe they built on a coffee shop too which I love that idea( would like to model it somewhat like there’s but with my own twists hot towels etc). I’m just afraid of being stuck paying the rent while the town inspector and board come to approve. Which I want to have everything in place before I pull the trigger. About to buy 7 chairs and 8 stations tomm and I’m going to put them in storage with all the other things I’ve accumulated.
We got this bro love from SoCal we on the same boat going in on 5th year
That’s what’s up! 🙌🏻
Is it a good business move to open a barber shop even tho i dont cut hair? Like renting chairs ects?
I’d say it can be with the right set up. At the moment I don’t make a ton from being the owner. Just have to make sure the numbers are right
How many years you cut in another shop before opening yours.
2 years
How much money would you say that you’ll need to start up? I know down the road you can do lil upgrades .
I put in about 18k including deposits for the unit and all equipment. Everything to open the doors
@@Seancutshair thank you brother ! I’m in the process right now to get some type of loan.
Do you do booth rent by month? Or weekly? Also, in your example the booth rent you made was enough to cover the shops rent/mortgage and expenses. Should that be how every shop owner figures out how much to ask for booth rent? And are there any other factors to decide that amount?
Booth rent is weekly. At the time I just made sure I could cover expenses. Now I wish it was enough to be more profitable. Just have to find the right number for you.
Hey I saw you cutting at conneticut and love the way your cut hair !!
Thank you!!!
Who does payroll and money handling?
There is no payroll. In my shop my guys are booth renters and handle their own taxes. My CPA handles all the barbershop expenses and finances
@@Seancutshair ok so the guys handle they’re own form of payments ? Like they can use whatever they like for payments but obviously have to report at the end of the year.
Do you recommend a percentage taken from every cut or booth rent for a small shop of 4?
@@MrFRESKOTV that’s up to you. For me, booth rent was simpler. Pay at the end of the week and the shop runs itself. Commission requires a system to track it and then they become employees which is a whole other ballgame. Honestly don’t know that side of things. Just wanted to keep things simple
@@MrFRESKOTV yes that’s all up to them. We have an atm. Everyone accepts cash, some do Venmo and cashapp, and some have card readers.