How to sell a beauty salon

Buying and selling a business is a common thing. The reasons for sellers can be different: a crisis, the search for a new, more profitable sphere or the banal inability to do business. In order to profitably sell a beauty salon, you need to carefully prepare it for the transaction.

You will need

• audit report

• certificates of absence of debt

• marketing review

• explanatory letter

• lawyer to accompany the transaction

Instruction manual

1

Contact the audit company to analyze your current state of the company. This will significantly speed up the sales process, because you will have ready-made reports of independent experts on hand, and the potential buyer will not have to spend his and your time on an independent check.

2

If you rent a building, extend the lease term. Reassess the property that will be transferred to the future owner.

3

Collect certificates confirming that you do not have any debts to banks.

4

Provide the customer with a marketing review that is often able to increase the level of business being sold.

5

Prepare in advance the options for processing the transaction (lease with repurchase, merger, acquisition, etc.) that the buyer will give to his lawyer for examination.

6

Compose an explanatory letter. Reports may not reflect very good indicators that scare away the buyer. A competently written letter, which translates major flaws into minor ones, can change the buyer's opinion in the right direction.

7

Decide who you would like to sell your business to. Perhaps you will have buyers who consider the purchase of a beauty salon a matter of their life, and will be ready to give you if not any money, then very large - just sell it! But there will most likely be those who do not care which business, if only it would be more profitable to acquire it. Draw a mental portrait of future buyers and try to predict their behavior, reactions, what they can be guided by when making a decision to buy or refuse it.

note

In no case do not disseminate information about the sale of a business! You simply can not sell your salon. There are several reasons for this:

- Competitors, having spread the news about the sale of your salon, can convey this information to your customers who are unlikely to want to visit the salon, in limbo.

- Suppliers will cease to give you a respite, insuring themselves.

- The staff, having learned about the sale of the salon, may leave you in search of a more stable place of work: it is not known what innovations await workers with transferring the salon to other hands.

Useful advice

The company, which will be engaged in the preparation of all documentation, must have an impeccable reputation, good communications and a professional team of specialists. You pay her a lot of money, so your salon should be presented in the most favorable light.