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#26184 - 10/23/06 03:02 PM Hair Salon Sale
Fix Offline
Junior Member

Registered: 10/23/06
Posts: 1
Loc: Ontario, Canada
My wife and I have a home with hair salon that we want to sell. We need to market it quietly so our clients do not leave. We are thinking of posting flyers in areas that are some distance away from our location but close enough for interested parties to travel.

Any thoughts?

Fix
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Fix Johnson
fix_johnson@hotmail.com

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#26185 - 10/23/06 05:32 PM Re: Hair Salon Sale
Gulf Winds Offline
REO Slave
Major Contributor

Registered: 02/04/06
Posts: 1715
Loc: USA
List the business with a commercial broker, as they can handle it while reaching a far greater audience (MLS, Loopnet, personal contacts, etc.) than you can on your own. If/when there is an interested party, they can pre-qualify the prospect(s), schedule an off-hours tour in addition to getting confidentiality agreements signed, overcome objections, provide financing options, etc, etc..

How are you planning on determining the asking price? Does the sale include inventory? Do you have financials to support the price? Do you have independent contractor agreements with the stylists? Do they rent stations and pay you a percentage? Will you be willing to stay on/be available to consult? These are but a few of the many questions that need to be answered.

There are many facets of selling a business that make it worthwhile to engage the services of a commercial broker. This will allow you to concentrate what you do best... running your business.

Best of luck to you!
_________________________
"There are people who make things happen, there are people who watch things happen, and there are people who wonder what happened. To be successful, you need to be a person who makes things happen.." - James Lovell- Astronaut

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#26186 - 10/24/06 06:48 AM Re: Hair Salon Sale
Jim Erickson Offline

Veteran Member

Registered: 03/31/04
Posts: 509
Loc: Twin Cities, MN
Could you clarify your situation. Will you be marketing the home only (buisness will cease) or will you be marketing your home and your buisness?
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Twin Cities Real Estate Services

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#26187 - 11/26/06 06:59 AM Re: Hair Salon Sale
Agent 007 Offline
Major Contributor

Registered: 02/05/05
Posts: 2713
Loc: Las Vegas
I would like to know what happened...
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Len McGuirk
Prudential Americana Group
Direct: (702) 203-6688
Las Vegas Real Estate

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