What should I check before buying a lash studio?
Before buying a lash studio, check how much revenue comes from repeat fill appointments, which artists hold the client book, who controls the social accounts and booking link, how products and adhesives are supplied, and what the seller will do to keep fills going after the handover.
A lash or brow studio can look simple from outside: a room, a bed, a few supplies. What it really sells is a repeating appointment, and that repeat rests on a small number of artists and an online presence. So a careful buyer studies the rhythm of rebooking and the people behind it before looking at the equipment.
Repeat fills and the client book
Ask for appointment history split into new sets and returning fills, and for how many clients come back on schedule. Ask who owns the client list: the studio, or each artist. If one or two artists hold most of the book, find out how they are paid and whether they have agreed to stay. Your lawyer can tell you what any non-compete wording means.
The online storefront
For many studios the social accounts and the booking link are the shopfront. Check who set them up, whose name and email they sit under, and whether they will transfer to you at closing. Look at reviews and photos to see whether they show the studio’s work or one artist’s personal brand. Does an online booking system transfer covers this ground.
Supplies and the handover
Ask which lash, adhesive and aftercare brands the studio uses, who supplies them, and whether any supplier terms depend on the current owner. Then plan the handover. Ask the seller to introduce you, to stay on for a set period and to tell clients about the change, so regular fills continue without a gap. Questions on hygiene and licensing belong with your lawyer.
Related reading
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Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernmentHow to conduct due diligence when buying a business
- 02Business Development Bank of CanadaGovernmentWhat are the steps to buying a business?
- 03Canadian Centre for Occupational Health and Safety (CCOHS)GovernmentNail Salon
- 04Business Development Bank of CanadaGovernmentAfter buying a business, what is the next step?
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