Can I sell my barbershop’s retail pomade and beard-oil line along with the shop?
Often yes, if the products are the shop’s to sell. Sort out who makes them, who owns the recipes and labels, and what stock is on hand. Then spell out in the sale terms exactly what the buyer receives. Ask your lawyer to confirm the shop’s ownership of each part of the line.
First, work out what the line really is. Is it a product you buy in and rebrand, or one you formulate yourself? If a supplier makes it for you, ask whether you can pass on that supply arrangement. Buyers will want to know they can reorder on the same terms, or at least that the supplier will talk to them.
Next, check ownership. The name, logo and label design should sit with the shop, not with a friend or freelancer who made them. If someone else holds those rights, get them transferred before you list. Your lawyer can advise on how.
Then count the stock and note how fast it sells. Keep sales records for the line apart from haircut income so a buyer can see what it adds. Be ready to say whether it sells online, in the shop, or both. Decide whether the line goes with the shop or is held back. Be clear about which, in writing, so nobody argues about it at closing. If the line is popular, mention its customers by type, such as regulars who buy every visit or occasional gift buyers. A buyer will also ask about shelf space, display fixtures and any online store, so list those with the stock. Clear paperwork avoids last-minute disputes.
Key takeaways
- Confirm who makes the products and whether that arrangement can pass on.
- Make sure the shop owns its brand name and labels.
- Track the line’s sales separately from services.
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Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernment7 steps to increase your business’ value—before you sell it
- 02Business Development Bank of CanadaGovernmentHow to minimize negotiations when selling your business
- 03Business Development Bank of CanadaIndustryHow to sell your business
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