Help on selling a salon - tanTALK

scales · 02-07-2006, 09:40 PM

hello folks - looking for some advice..
My salon is 3 yrs old, 4 levels of beds (heartland) with the Matrix.. 8 beds in all with 12 rooms available for expansion...
every year our sales have increased and last year was around 108k with about 47 EFT members....... but, we might move out of state and i'm wondering what is the best way to sell without the word going out to my customers that i'm selling.. I'm a absentee owner and probably financed to much of the salon 3 yrs ago at startup, so the numbers-- sales to expense dont look so hot, but they wont when you have sba and beds leased at 2500/mth. anyhow, any good advice on how to sell a salon.. i talked to a broker and they said salons are a hard sell, blah blah blah even though i'm in a rather large market.

mr belvedere · 02-07-2006, 09:46 PM

What market are you in?

Deb from PA · 02-07-2006, 09:51 PM

Sounds like a large salon .. where is it located? I would give anything for that kind of space to expand. Anyone who is working/managing it now interested??

scales · 02-07-2006, 09:59 PM

I dont want to ask any employees if their interested because i dont think they have the right skillset to run a business at this stage (age).. My most senior person is part time..
I'm in the twin cities of MN... As an absentee, i still stay involved, and do a good job in my eyes, backup data nightly, meter my lamps all that..., its just my real job potentially could have me moving out of state...

Sheila in Minnesota · 02-08-2006, 10:39 AM

Clarification please....

you have 8 rooms with ability to ADD 12 more units ~ or to add 4 more making a total of 12?

scales · 02-09-2006, 06:52 AM

I have 8 rooms with 4 unused rooms for a total of 12 rooms. 4LP, 2MP, 1standup, and 1Matrix..

02-07-2006, 09:40 PM	#1 (permalink)
scales Join Date: Nov 21 2002 Posts: 4 Rep Power: 0	Help on selling a salon hello folks - looking for some advice.. My salon is 3 yrs old, 4 levels of beds (heartland) with the Matrix.. 8 beds in all with 12 rooms available for expansion... every year our sales have increased and last year was around 108k with about 47 EFT members....... but, we might move out of state and i'm wondering what is the best way to sell without the word going out to my customers that i'm selling.. I'm a absentee owner and probably financed to much of the salon 3 yrs ago at startup, so the numbers-- sales to expense dont look so hot, but they wont when you have sba and beds leased at 2500/mth. anyhow, any good advice on how to sell a salon.. i talked to a broker and they said salons are a hard sell, blah blah blah even though i'm in a rather large market.

02-07-2006, 09:46 PM	#2 (permalink)
mr belvedere Mr. b Join Date: May 10 2005 Age: 54 Posts: 7,247 Rep Power: 68	Re: Help on selling a salon What market are you in? __________________ "A dusty bible leads to a dirty life ..." -Synonymous

02-07-2006, 09:51 PM	#3 (permalink)
Deb from PA Join Date: Oct 17 2001 Location: Pennsylvania Age: 59 Posts: 155 Rep Power: 23	Re: Help on selling a salon Sounds like a large salon .. where is it located? I would give anything for that kind of space to expand. Anyone who is working/managing it now interested??

02-07-2006, 09:59 PM	#4 (permalink)
scales Join Date: Nov 21 2002 Posts: 4 Rep Power: 0	Re: Help on selling a salon I dont want to ask any employees if their interested because i dont think they have the right skillset to run a business at this stage (age).. My most senior person is part time.. I'm in the twin cities of MN... As an absentee, i still stay involved, and do a good job in my eyes, backup data nightly, meter my lamps all that..., its just my real job potentially could have me moving out of state...

02-08-2006, 10:39 AM	#5 (permalink)
Sheila in Minnesota Join Date: Jan 3 2002 Location: USA Posts: 1,686 Rep Power: 23	Re: Help on selling a salon Clarification please.... you have 8 rooms with ability to ADD 12 more units ~ or to add 4 more making a total of 12?

02-09-2006, 06:52 AM	#6 (permalink)
scales Join Date: Nov 21 2002 Posts: 4 Rep Power: 0	Re: Help on selling a salon I have 8 rooms with 4 unused rooms for a total of 12 rooms. 4LP, 2MP, 1standup, and 1Matrix..

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