Nowadays, purchasing a beauty salon means getting an already operating business that can bring good income from the very first days. A beauty salon is one of the fairly cost-effective activities. How do I buy it?
Instructions
Step 1
Estimate the real cost of the purchased salon. Hire a specialist for an independent appraisal of this property. He can also identify arguments against which the price of the salon is overstated by the seller, and provide predictive information regarding the development of the purchased business. Thanks to such an assessment, you can be convinced or dissuasive of the expediency of this transaction or significantly reduce the price.
Step 2
Look at the documents for a specific salon business. Do this in the presence of an experienced accountant if you do not have a specialized education. In this case, a beauty salon acts as a product that has been carefully prepared for sale: perhaps the numbers have been adjusted, something has been attributed or the price of the equipment has been overcharged. Pay attention to whether this is rented or owned, whether there are utility bills or any unpaid bills. It will also be good if your lawyer checks the legal purity of the documents.
Step 3
Calculate how much it will cost you to redecorate the premises, the possible purchase of additional equipment. Surely you are facing the cost of advertising and changing the sign. Analyze the location of the beauty salon you are buying. In order for it to recoup the money spent in a fairly short time, it is necessary to purchase a salon in places with high traffic.
Step 4
Instruct an appraiser to discreetly and in a short time check the qualifications of the masters working in the salon for sale; assess the workload, the quality of the services offered; identify the various advantages and disadvantages of the salon.
Step 5
When buying a beauty salon, notify the employees in advance about changing the concept of the salon (for example, turning a hairdressing salon into a Spa-salon), if you have such an intention. Perhaps someone will leave, and you will urgently need to look for new qualified personnel, which, unfortunately, has been quite difficult to do lately.
