Check the lease terms (escalation clauses are common) and equipment age (chairs, HVAC, and water heaters are expensive to replace). 3. Location and "Vibe"

Is the shop priced for the neighborhood? A $60 fade won't sell in a college town as well as it does in a financial district. 4. Staff Retention In this industry, the talent is the business.

If the current owner is the star performer, will the clients stay when they leave?