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How Barbers Really Make Money

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About How Barbers Really Make Money

Explore How Barbers Really Make Money with 812,698 views, 17,770 likes, and 1,130 comments. Experience the impact of this video content that has captured audience attention.

The barber shop is a unique industry that private equity has been unable to penetrate despite investing millions every year for the past 40 years. Over 80% of barber shops remain independent and chains like SuperCuts have been falling behind. The corporations have been unable to find footing despite brand recognition, unprecedented scale, and even first-mover advantage. They slash prices and offer loyalty programs but still can’t match local rates. They renovate and advertise but still can’t pull in high-end clientele. The industry continues to be led by the independents as new upscale concepts coexist alongside the established old-school traditionalists. In this Modern MBA Original, we go from the macro-lens to micro-lens to understand this business from the chains to the independents. We'll cover the rise and fall of Regis - the largest PE-backed owner-and-operator of barber shops in the world behind the once-dominant SuperCuts from the 80s to present. Then we'll dive into 3 independents who work in the most competitive markets in the world - the first is a lone wolf in Silicon Valley, the second is a 20-year master in New York City, and the third is a maverick in the San Francisco Bay Area. ============================= Featured Businesses ============================= 💈 EVERGREEN / CLIPPER KINGS (Peter) https://www.instagram.com/petermichaels_cuts/ Location: https://maps.app.goo.gl/owQEJZZ6zBV3v5TS9 💈 BARBER SHOP NYC (Arthur) https://www.instagram.com/barbershop.nyc/ https://www.barbershop.nyc/ Location: https://maps.app.goo.gl/wTKWvrBsZNF65bKW9 Location: https://maps.app.goo.gl/mGnrXfxjpfkkYfu2A 💈 MYSTERIUEX (Rod) https://www.instagram.com/mysterieux.brand/ https://mysterieuxbrand.com/ Location: https://maps.app.goo.gl/iRnZE5V6bF2wGnYN8 ============================= Modern MBA Resources - these are the tools that we’ve vetted and use to fuel our growth. ============================= 🐕 Stop paying vet bills and get pet insurance in 60 secs: https://secure.moneymatchup.com/modern-pet 🎓 Lower your student loans in 30 secs: https://secure.moneymatchup.com/MBA-Yrefy 🏦 Move your savings to a high-yield account in 5 mins: https://secure.moneymatchup.com/modern-hysa 👉 Start your business and create an LLC for $0: https://secure.moneymatchup.com/zenbusiness-mba 📈 Open a brokerage and get a full 1% transfer bonus: https://secure.moneymatchup.com/public-mba ============================= Support Modern MBA - we're 100% independent, self-funded, and committed to making business education free to all. ============================= ☕ Tip: https://buymeacoffee.com/modernmba ☕ Patreon: https://patreon.com/modernmba 🤳🏻 TikTok: https://www.tiktok.com/@modernmba 🤳🏻 Instagram: https://www.instagram.com/modern.mba/ 🤳🏻 Reddit: https://www.reddit.com/r/modernmba/

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