jebeka said:

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Now, you open back up and you find a 25% reduction in business. You now have 2 locations operating at a loss and you top location doing ok but can't cover the loses the other 2 locations are making. You can close those locations but you have lease obligations. If the lease obligations can be covered by your only operating location maybe you can get by. If not, then you are going under. Now, you might come out of bankruptcies with that one location but that's it. You have let go 2/3rds of your employees.

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Contribution margin

Capitol Ag said:

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One thing not accounted for in all of this is that all of this precautionary environment is temporary. Yes, very unfortunately there will be some businesses that fail. But the salon business model will go back to normal when all of this passes. Either with a vaccine/other medical ways to treat patients with covid, a herd immunity overall or with people just not giving a blank b/c they are tired of having to be so OCD all the time. But one way or the other all of this will eventually pass and you will be in restaurants within a foot or so of others and waiting for a haircut next to strangers and you won't even think about it anymore.

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Pretty sure nobody thinks it's permanent

Temporary is going to be 12-36 months depending on when we get an effective vaccine or treatment.

TxAG#2011 said:

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Capitol Ag said:

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One thing not accounted for in all of this is that all of this precautionary environment is temporary. Yes, very unfortunately there will be some businesses that fail. But the salon business model will go back to normal when all of this passes. Either with a vaccine/other medical ways to treat patients with covid, a herd immunity overall or with people just not giving a blank b/c they are tired of having to be so OCD all the time. But one way or the other all of this will eventually pass and you will be in restaurants within a foot or so of others and waiting for a haircut next to strangers and you won't even think about it anymore.

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Pretty sure nobody thinks it's permanent

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OP seems to be acting like he thinks so. At least the way I read his posts. Some on here do seem to be acting like social distancing, masks, no large crowds etc, will go on as the way we live moving forward.

What is interesting, and this is a total sidenote, is there will be some who do have a phobia when the disease is contained. I do see a small portion of the population masking and distancing or avoiding going out until they finally either get professional help with it or fight it themselves. Heck, we already saw it well before Covid when you'd see very healthy people wearing masks in public. I always gave them the benefit of the doubt as I am on an immunosurpressant myself (never wore a mask) so I get that they might have had a temporary or long term compromised immune system. But we know that there were others that were just very precautionary/OCD as well.

well, one can live in fear and be a little b for the government to suck off their teat, or you can take calculated risks and understand trade-offs and live ones life again.

Just got my hair cut in OKC by my regular stylist. Only difference I noticed is they no longer allow walk-in's. Price same as it was before the sky began falling.

AnglerAg92 said:

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Just got my hair cut in OKC by my regular stylist. Only difference I noticed is they no longer allow walk-in's. Price same as it was before the sky began falling.

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Masks? Gloves?

aginlakeway said:

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AnglerAg92 said:

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Just got my hair cut in OKC by my regular stylist. Only difference I noticed is they no longer allow walk-in's. Price same as it was before the sky began falling.

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Masks? Gloves?

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Neither.

Edit to include that she did ask me if I would like for her to wear a mask.

AnglerAg92 said:

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aginlakeway said:

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AnglerAg92 said:

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Just got my hair cut in OKC by my regular stylist. Only difference I noticed is they no longer allow walk-in's. Price same as it was before the sky began falling.

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Masks? Gloves?

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Neither.

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Thanks for the info.

I can't imagine hair place employees here in Austin area not been told to wear masks.

TxAG#2011 said:

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Leases are already down. You already have landlords giving rent deferment, reductions, abatement, etc. They know there is nobody else to occupy that space right now.

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This is ultimately going to be credit (default) event from a financial perspective. Lessors, banks, vendors, mortgage companies, student loans, credit card companies, etc. The big kahuna question is who is going to take the credit losses; be they partial or full. The government seems awfully willing to be a backstop for a lot of these areas right now. Not sure how long that will last however.

What about dental businesses in Oklahoma....seems like there is a BIG need for those to open back up there, too.

a dollar short and day late...

i had my covid haircut from wife week ago...looks like crap but hair is shorter...

i suspect many are doing the same...

Just remember. Almost every business that fails because of the "new business model", and every freakin' dollar more it cost you to do these things now than a couple months ago, is directly attributed to the Chinese Communist Party. All of it. Brought right to your wallet, front door, and loved ones and friends you lost by the filthy, underhanded CCP.

Duncan Idaho said:

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Temporary is going to be 12-36 months depending on when we get an effective vaccine or treatment.

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No it won't. In 6 months most will realize the extremely low risk and won't give a crap if they get the virus or not.

AnglerAg92 said:

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aginlakeway said:

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AnglerAg92 said:

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Just got my hair cut in OKC by my regular stylist. Only difference I noticed is they no longer allow walk-in's. Price same as it was before the sky began falling.

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Masks? Gloves?

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Neither.

Edit to include that she did ask me if I would like for her to wear a mask.

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Is she hot?

I go to Chinese barbershop. They have 10 chairs, and at minimum usually have 5 people waiting. At 14 dollars, most do a fantastic job!

I already booked an appt for may 7th. I'm in Montgomery county. Cant freaking wait.