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Old 11-01-2006, 11:35 AM   #3 (permalink)
Mali
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Join Date: Mar 25 2005
Location: Wilmington NC
Age: 33
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Re: How to Price a salon 4-sale (help)

I have sold two salons.
They where in different states, and completly different salon.

So it is hard to say. The first salon i sold was In VA. Tanning there is mucg better then North Carolina where I sold my second salon.

The one in VA was a HP salon, although we did have 3 regular 20 minute beds. The salon was 5 years old when I sold it. I got way more for it then I did with my NC salon.

The NC salon was only 2 years old when I sold it, I sold it for what it cost me for startup plus 20% of the Gross sales.

The VA salon I sold for 15 % of Gross sales and 50% of my start up.

Have a Idea of what you'd like to get for your salon.
Have all your start up costs, beds, retail, equipment, make a complete inventory of your salon down to towels and googles. LIST EVERYTHING, plants, computers, radios, refergiratot, I mean every little detail with a value.

When you meet with your realtor he will help you determine a price. Just remember to price high to give room to negogiate.
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