While many retail stores may be closing their doors, barbershops are opening theirs in record numbers. The men's grooming industry has been rapidly increasing and is estimated to reach $26 billion by 2020! "You don't just look better - you feel better too," said Carlos Aguilar, a 28-year-old restaurant manager in Houston. Carlos makes an appointment with his barber every two weeks, spending approximately $60 and 45 minutes each visit. Carlos states, "It's something special. I know when I go on a Thursday afternoon it's going to be a good weekend. You're ready."
There was a 23% decrease in barbershops across The United States from 1992 to 2012, according to census data. However, in 2013 we saw the barbershop industry start to increase, turning in to today's booming industry. These numbers are hard to track but according to National Association of Barber Boards of America Executive Officer Charles Kirkpatrick estimates this growth at about 10% making barbering the fastest growing profession in the country! For landlords this is a no-brainer, they have space to fill and this is an industry that doesn't have to compete with e-commerce, it's not like you can get a haircut online.
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