Re:The candy stores of Oxford Street
by MagnumOpus on Tuesday April 26, 2022 @06:19AM
(#31165700)
Barber shops can have reliable clientele who come back once a month, high demand because everyone needs them, and a viable business model if the rent is not high - labor is $20 an hour, 3 clients an hour get $60 revenue, the difference can pay for rent and operating cost. $10k-$20k revenue per month is not too hard to do.
(Of course that doesn't pay rents in super prime locations, so the cuts in Manhattan cost $50 instead of $20, but the principle is the same.)
Where I am it's barbers, there are so many of them. I started going to one in lockdown as I had a big beard for the 1st time ever and it's nice to get someone else to trim it. He's a single guy from Iraq (even though it says Turkish barber outside). Very articulate and friendly. Unless he's from a wealthy family I can't see how he could get the money to come over and set up a fancy shop, pretty sure he's come over as an asylum seeker. I'm guessing he has been offered cheap rent for a short time, but he's still had a big outlay to set up the shop. He seems to do ok, but many of these barbers are empty most of the time.