Renting out Barbers chairs

[Jass T]

I have had to agree to end a tenants lease early and will be taking repossession of the shop soon.
One of the the idea's I was looking at for the shop, rather than just relet it as a empty unit. Was to refit it, as a barbers and rent out the chairs to barbers.
It is not something I have experience of. Anybody here run a similar venture or any barbers here who can tell me pitholes to watch out for. How much day to day involvement I would have.

 

[NewTime]

I have had to agree to end a tenants lease early and will be taking repossession of the shop soon.
One of the the idea's I was looking at for the shop, rather than just relet it as a empty unit. Was to refit it, as a barbers and rent out the chairs to barbers.
It is not something I have experience of. Anybody here run a similar venture or any barbers here who can tell me pitholes to watch out for. How much day to day involvement I would have.

I have a few friends who have a shop and they say how tough it is out there. For example, they let out one of their barbers chairs, but they are established barbers.

I don't think this would really work unless you are an established barber shop, rather than a start up, which you would be.

 

[Mark T Jones]

As with any business, you have to have a niche or an angle.

In my local town there are 6 barber shops, some busy some not.

The Turkish barber always has a queue - one of their people left and opened up over the road - they were never busy and closed after 18 months.

As Bananarama would say 'it ain't what you do, it's the way that you do it'

 

[Jass T]

I have a few friends who have a shop and they say how tough it is out there. For example, they let out one of their barbers chairs, but they are established barbers.

I don't think this would really work unless you are an established barber shop, rather than a start up, which you would be.

Thanks, times are currently tough. One of my other shop is a barbers in a smaller town. He is doing well, so I was thinking of doing something more than just leasing the shop out. There are 2 Turkish barbers in town my empty shop is in. They both seem very busy. But its all about who runs it and being established.

 

[Jass T]

As with any business, you have to have a niche or an angle.

In my local town there are 6 barber shops, some busy some not.

The Turkish barber always has a queue - one of their people left and opened up over the road - they were never busy and closed after 18 months.

As Bananarama would say 'it ain't what you do, it's the way that you do it'

Yes could be more hassle than its worth. Maybe just advertise the unit and see what potential tenants want to do.

 

[estwig]

You're on a hiding to nothing!

Stealing clients is rife, you don't know what to look for, you won't be able to build a client base, you won't be able to build a business.

 

[NewTime]

Thanks, times are currently tough. One of my other shop is a barbers in a smaller town. He is doing well, so I was thinking of doing something more than just leasing the shop out. There are 2 Turkish barbers in town my empty shop is in. They both seem very busy. But its all about who runs it and being established.

On this, you could potentially go and brand the unit and get an established hairdresser in and brand it around them.

However, I still would go and just generally lease the unit and move on from there.

 

[Jass T]

On this, you could potentially go and brand the unit and get an established hairdresser in and brand it around them.

However, I still would go and just generally lease the unit and move on from there.

This is another option, get someone self motivated to run the shop on a share of sales contract.

 

[NewTime]

This is another option, get someone self motivated to run the shop on a share of sales contract.

That wasn't 100% what I was suggesting.

I was saying getting an established and well known barber who doesn't have their own shop and brand it around them

For example, you get John Smith who's been working in a prominent barbers and you name the shop "John Smith Barbers", then it wouldn't feel like a start-up.

My friend did exactly this - he went from chair to owning his own shop and branded it around him, so his clients would come too.

But I still would say the sensible option is to just lease the shop.

 

[Jass T]

That wasn't 100% what I was suggesting.

I was saying getting an established and well known barber who doesn't have their own shop and brand it around them

For example, you get John Smith who's been working in a prominent barbers and you name the shop "John Smith Barbers", then it wouldn't feel like a start-up.

My friend did exactly this - he went from chair to owning his own shop and branded it around him, so his clients would come too.

But I still would say the sensible option is to just lease the shop.

I think if am going to just lease it out, then no point me branding it around the tenant. Will only be worth it if there was more in it for me..

 

[Gyumri]

NewTime said:
"That wasn't 100% what I was suggesting. I was saying getting an established and well known barber who doesn't have their own shop and brand it around them"

The idea seems feasible but I wouldn't call the enterprise Sweeney Todd.