Buying and selling a business is a common thing. The reasons for the sellers can be different: a crisis, the search for a new, more profitable area, or a banal inability to do business. To sell a beauty salon profitably, you need to carefully prepare it for the deal.
It is necessary
- audit report
- certificates of absence of debt
- marketing review
- explanatory letter
- lawyer to support the transaction
Instructions
Step 1
Contact an audit company to analyze the state of your firm at the moment. This will significantly speed up the sale process, because you will have ready-made reports from independent experts in your hands, and a potential buyer will not have to spend his and your time on independent verification.
Step 2
If you are renting a building, extend the lease. Revalue the property that will be transferred to the future owner.
Step 3
Collect certificates confirming that you do not have any debts to banks.
Step 4
Provide the buyer with a marketing overview that can often improve the level of the business being sold.
Step 5
Prepare in advance the options for registration of the transaction (lease with purchase, merger, takeover, etc.), which the buyer will give to his lawyer for review.
Step 6
Write an explanatory letter. The reports may reflect not very good performance, which will scare off the buyer. A well-written letter that translates big flaws into minor ones can change the buyer's opinion in the right direction.
Step 7
Decide who you would like to sell your business to. Perhaps you will have buyers who consider the purchase of a beauty salon a matter of their life, and will be ready to give you, if not any money, then very large ones - just sell it! But there will most likely be those who do not care what kind of business, if only it is more profitable to acquire it. Draw a mental portrait of future buyers and try to predict their behavior, reactions, what they can be guided by when making a decision to purchase or refuse it.
