Benefits of Owning a Barbershop Franchise
Thinking of owning a barbershop? Great choice!
In this guide, you’ll learn about all the benefits of owning a barbershop franchise, and how it’s your next big move to be your own boss!
What is the Barbershop Franchise Model?
So you’re probably wondering… what’s a franchise and what’s different about it?
Think of it like an IKEA manual. Everything is laid out and it’s a proven system to get you towards your goal (in this case a successful barbershop and not an amazing piece of furniture).
You get the brand, the business model and the support of the franchisor. When compared to starting your own barbershop brand from scratch, franchise opportunities give you a huge advantage with getting immediate traction with customers.
Financial Benefits of a Franchise Barbershop
Now, let's talk money. With a franchise, you're stepping into a business that's already profitable. With our franchisees, we have the data of 12 successful stores and we can make better judgements with what to do and what not to do.
You’ll have the advantage of:
- knowing what prices to charge which ensure customer retention and profitability
- purchasing power with our network of builders, suppliers and fit-out specialists
- an existing brand customers can relate to meaning more customers on your very first day.
And that leads to an underrated benefit.
The importance of brand for all business
Having a strong brand is more than your logo and how your barbershop looks. As a customer, it’s the feeling and the expectation of what you’re going to get. As Mancave Barbershop, we strive to present ourselves as a barber brand who:
- always listens to their customers
- provide outstanding family oriented customer service
- deliver quality haircuts, every time
Now we’re not going to lie. This has taken a long time to build up. With lots of work and great service from our barbers and marketing crew (thanks guys).
And this is a shortcut we’re proud providing for all our franchisees.
Training and Support - the keys to success
But it doesn’t stop there. Running a barbershop, a successful one - is more than just giving fresh fades. It’s one of the toughest transitions most barbers who turn business owners face.
You’ll have to set up financial bookkeeping and accounting systems. Ensure you’ve set up a payment system and rostering flow for your team. Manage all the ‘backend’ stuff like negotiating your shop lease and any legal related matters.
When you buy into a franchise, you’re not alone. You’ll get our training, support and team of experts who genuinely want you to succeed. Because when you win, we win!
So there you have it. The benefits of owning a barbershop franchise. It's a chance to own a business with a proven model. A business with a strong brand. A business with support. And a business that's part of a community.
If you're ready to take the next step, we're here to help. Get in touch with us if you have any questions or interest.