How do I sell a beauty salon that offers hair, nails and skin care?
Present the salon department by department: who works in each, under what arrangement, which products and suppliers each uses, and what each brings in. Then plan when and how to tell each group. A buyer of a multi-service salon is buying several small businesses at once and needs to see each one clearly.
A salon with hair, nails and skin care is harder to explain than a single-service shop, and that is the point to work on before you list it. Your buyer will ask how each part runs. If you can answer department by department, a buyer has what they need to ask follow-up questions.
Describe each working arrangement
You may have employed nail technicians, an esthetician renting a room, and stylists on commission. Each arrangement transfers differently. Gather the agreements and write a plain summary of who is paid how. Your lawyer can tell you what the buyer may take on and what needs each person’s agreement. See also selling where stylists rent chairs.
Separate products and suppliers
Each department has its own products, suppliers and, sometimes, retail arrangements. List them, with account terms, and say which are in your name and which belong to the providers. A buyer wants to know what carries over without a new application.
Show revenue by department
If your books allow it, show what each department brings in and costs to run. Your accountant can help you split it fairly. A buyer who sees the pieces can judge which ones suit their plans. Our salon selling guide covers the wider preparation.
Tell each group at the right time
- Decide who learns of the sale, and when, before any rumours start
- Speak to key providers yourself, and agree on what you will say
- Make sure the buyer meets those who matter to the business
- Keep clients informed once the sale is firm
Related reading
15 pages on the same subject, grouped by topic.
Selling
- GuideSelling a salon in Canada
- GuideSelling a salon or spa in Canada
- GuideHow to sell a nail salon in Canada
- Expert answerHow do I keep my stylists when I sell my hair salon?
- Expert answerHow do I sell a salon where the stylists rent their chairs?
- Expert answerHow do I sell a barbershop without losing its regulars?
- Expert answerHow do I sell a tanning salon?
- Expert answerShould I sell my salon equipment with the business or on its own?
- Expert answerHow do I sell my lash studio?
Buying
- Expert answerWhat does a beauty salon’s service mix tell a buyer?
- Expert answerWho owns the clients when I buy a hair salon?
- Expert answerHow do I find a lash or brow business for sale?
- Expert answerWhat am I buying when I buy a brow bar or threading salon?
- Expert answerHow do I find a candle business for sale in Canada?
Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernmentHow to minimize negotiations when selling your business
- 02Business Development Bank of CanadaGovernmentHow to conduct due diligence when buying a business
- 03Business Development Bank of CanadaGovernmentWhat are financial statements?
- 04Canadian Centre for Occupational Health and Safety (CCOHS)GovernmentNail Salon
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