There are a number of reasons you may be looking to sell your hair salon or barbers, and there are also lots of things you can do to prepare yourself for the process. Buyers are drawn to salons because of the pre-existing clientele- however, potential buyers may be nervous that the clientele will walk out with the owners, so you should do everything you can do to counteract this possibility.

Let’s pretend selling your business was like dating for a second. For a date, you’d get dressed up and try to impress the person you’re trying to pursue, put on a nice perfume or aftershave and try to charm them with your cheeky personality. You’ve got to be confident but not too try-hard. Well, buyers want to see that your business is desirable. They want an attractive place that doesn’t come across as though you’re desperate to sell it. Think about it, if your business is presented as though you want out fast a buyer is going to be very apprehensive about investing so much money into a business that someone else just doesn’t want. Maybe there is nothing wrong with your salon you’re just bored of owning or are ready to move on to other ventures, whatever it is you cannot narrate to the buyer that you are overly keen to sell. It’s the same way that someone may be less attractive to you if they’re constantly begging for your attention – it’s just not appealing!

So, to prepare, have a look at what you have to offer – your key assets. What kind of services are you specializing in? Make a list of assets available to potential buyers and also what the premises are fitted to facilitate. We’ll write a little bit about your business when advertising and your assets will be included in your selling brochure.

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Make a list of staff that work there currently, whilst it is the buyer’s decision whether to retain current employees, some will keep key members on to ease the transition of ownership for clientele. Owners will have to pay any outstanding entitlement owed to staff members.

Do you have any other service providers that work with you that rent a chair in your salon? Such as a nail artist or other hair stylists? List them!

A business broker like us knows how to present you in the best light, view us as a matchmaker and if we don’t set you up with someone you don’t owe us a penny. Selling a business can be stressful, sometimes you just need someone outside to look at your business, identify all of your perks and advertise them captivatingly. We’re experienced in selling, advertising and marketing, so you don’t have to worry about any of that – just give us the information we need and we’ll do the rest.

Any questions don’t hesitate to ask! We’re happy to help; andrew@countybusinesssales.co.uk

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