Careers for Former Salon Owners
Hey there! Are you an industry expert or researching careers for former salon owners? It is difficult to know WHAT to do after you sell or close a salon industry business, especially if you are over providing client services.
This blog serves to help you understand a few great jobs and career choices you can make, based on your real life experiences! If we haven’t met yet, my name is Susan Wos, I am the founder of the ONLY niche salon industry business brokerage.
If you like to make money, work independently and help salon, spa and barbershop owners, this may be a great career to explore. If selling businesses is not your thing, we have a whole list of alternative ideas for jobs in the salon industry, in this blog.
Business brokerage is a great career, but I will be honest- I would never have imagined myself as a broker in 2018! Truthfully, it seemed so complex and difficult that even though the opportunity was right in my face for years, I shied away from brokerage until I was forced into learning more.
Let’s explore this career path so you can decide, “is this something I would like to consider?”
What is a Salon Business Broker?
Being a salon business broker means you are an intermediary. You are the person who represents an owner (seller), who wants to exit their business and be paid for the years of hard work they put into a salon business.
Learn more about working with Salonspa Connection as a broker here.
Salon business brokers learn everything they can about the seller’s business, assess a fair market selling price (business valuation) and list the salon for sale. You communicate with buyers, prequalify buyers for good financial standing and coordinate the transaction throughout the sales process.
Who is Qualified to Sell Salons?
The qualifications you need to be a salon business broker is a deep understanding of the salon industry, the ability to talk to people and be organized! Brokering skills are taught and is ongoing knowledge you learn over time, with the right resources, (a good brokerage).
Generally speaking, it is a good idea to obtain a real estate license, should you decide to become a salon business broker, but it is not required. Selling real estate or commercial property is not similar to selling businesses, however, some states require a real estate license to sell a business.
Career Path Ideas for Previous Salon Owners
As a business owner, you learn many skills over the course of business ownership that translate well into becoming a broker. For instance, social media is an excellent skill to possess as a broker.
MOST brokers never step foot into online engagement, outside of putting a listing on a website! Salon brokers who are savvy with social get better results- fast!
Careers for former salon owners can seem limited because we are so focused on the actual salon, we think we don’t have skills that translate into other industries. This could not be further from the truth!
Why Salon Owners Choose Salonspa Connection to Sell Salons
Utilizing a traditional business broker to sell a salon industry business is like going to the vet for your heart problems. Who better understands the true value and business of salons more than a former salon owner?
With 5 star reviews, mentions all over the internet & social media and obvious industry expertise, Salonspa Connection has established itself as the leader in salon business brokerage. While this is the IDEAL spot to be in, we never have enough brokers to help us sell our businesses!
How Much Can I make as a Business Broker?
The industry standard is 10% of the final sales price of a business. The 10% is then typically split in half, one half goes to brokers and the other half goes to the brokerage.
For example: You sell a $500,000 business. $500,000 sale= $50,000.
Brokers receive $25,000 and the brokerage receives $25,000. Not too bad for a couple weeks worth of work!
Salonspa Connection has several options for owners to sell, we do not limit our brokers to brokerage commissions, only.
Interested in Becoming a Salonspa Connection Business Broker?
We are always on the lookout for more independent brokers to sell businesses! To chat more about this opportunity, please fill out the form, below and we will be in touch!
