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Thinking about selling your salon, spa, or barber shop in the next few years? Perfect. We’re so glad you’re here! When you prepare to sell your beauty business, you set yourself up for success!
Here’s the truth: running your salon business day-to-day and preparing it to sell can be two very different things. Many owners don’t realize this until they’re ready to exit— and they end up leaving money on the table, wishing someone had told them how to achieve a successful exit.
This is why we’re here… Because the things you’ve done for years as a salon owner to grow your team, maximize tax deductions, be an engaged leader, welcoming new and loyal clients, all while juggling your digital presence and operations are not the same things buyers are looking for when they evaluate your business.
Preparing your business for sale often looks quite different — it’s about presenting a clear, consistent picture of success…without you at the heart of it.
That’s why planning ahead — whether you’re 1, 3, or 5 years away — is one of the smartest decisions you can make. And you don’t have to figure it out alone. You can reach out to us anytime for a Free Consultation with one of our beauty industry Brokers.
Let’s dig in!
Beauty Industry Buyers want to see businesses that:
The earlier you start preparing, the more time you give yourself to strengthen these areas.
Think of it like remodeling a house before putting it on the market: you don’t have to overhaul everything, but strategic updates can dramatically increase your selling price and how quickly you sell.
You’ve got the most freedom to reshape your business. Focus on:
This is the time to create good habits and test out new stability and growth opportunities without rushing — or worrying that you don’t have time to recover if something doesn’t work.Maybe you’ve been thinking about refreshing your brand, reworking a handbook, or investing in more sophisticated salon software. Or perhaps you’ve just hired a younger stylist you know has the potential to grow into a strong manager — and you’d like to begin slowly integrating her into a leadership role.
Five years out gives you space to test these ideas and let them flourish.
And if you don’t already have a bookkeeper? Now is the perfect time to bring one on. Getting used to working with a professional who manages your books year-round will make your financials stronger, cleaner, and more attractive to potential buyers down the road.
This is the perfect time for you to start tightening up the details.
If you’re the star player in your business – it’s time to pull way back…slowly and thoughtfully – don’t be alarming. Consider cutting back behind the chair and passing your clients to trusted team members. Let the leaders in your business have more authority. Maybe take down that big photo of you on the front page of your website.
Ask yourself this: “Who is your business without you in it?” Make that answer clear over the next couple of years.
Now is a great time to connect with a SalonSpa Connection Broker to evaluate what your business’s current fair market value is today, and where it can be 3 years from now with the right improvements.
Buyers will typically look at a 3-4 year history of your business’s financials, so this is the beginning of what they’ll see in your business’s performance. This is the time to cut out unnecessary personal expenses.
If you’ve been writing off things like your car loan or that “work trip” to Italy, you need to shift into strictly business-only mode on paper and maximize your profitability!
It’s also the right moment to invest in visible improvements. Refresh your space and equipment – update your website, build up reviews, and make sure you’re attracting new clients.
You’re so close – exciting! You’ve got just enough time to get sale-ready by polishing what you already have:
At this stage, your biggest hurdle is simple: don’t lose momentum. If you’re feeling very “one-foot-in and one-foot-out” as you get closer to your vision of simpler days – that’s expected, but don’t let off the gas.
If you’ve already followed the advice from the 3 and 5-year prep stages, all you need to do is keep your books clean, keep numbers up, and stay out of the spotlight — so buyers see a stable, transferable business they can step right into.
One critical piece: your landlord relationship. Landlords play a huge role in salon and spa sales. Make sure you have at least a year left on your lease when you list. Here’s why:
Learn more about dealing with Landlords HERE.
Finally, now is a great time to connect with one of our Beauty Brokers! We are salon and spa industry experts – and we’ll help prepare you for the final details, and walk you through the next steps to come.
{Book a Free Consultation with one of our Beauty Business Brokers.}
Whether you’re years away or ready for the sale process right now, remember: The decisions you make today shape your exit tomorrow. With clarity, preparation, and the right guidance, business owners just like you are stepping into their next chapter with a successful business sale.
Be diligent today so you can get rewarded tomorrow for the years of effort you’ve put into your salon industry business.
Contact us today for a complimentary consultation! You can reach us by using our website chat bot or by reaching out to us on our Contact Us page.
Salonspa Connection stands out as the most trusted resource for selling a salon due to its unparalleled commitment to reliability and professionalism. With a proven track record and years of industry experience, Salonspa Connection has earned the trust of salon owners across the globe. We provide comprehensive support throughout the selling journey, ensuring a smooth transition for both sellers and buyers. Trust, transparency, and a deep understanding of the industry and salon business make Salonspa Connection the ultimate choice for those seeking a reliable platform to sell their salon. Free quotes provided for all salon industry businesses.