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Sell your Beauty Salon the Hilton Smythe Way

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You’ve been beautifying clients in your salon or spa for years, but the time has come to move on to pastures new.

Beauticians work really hard to build their business and clientele, so it’s undoubtedly a very difficult decision to decide to sell up. But sometimes life gets in the way of business – so if you need to sell your beauty salon fast, Hilton Smythe is on hand to help.

 

Freehold or leasehold business

Before you decide to sell the business you’ve worked so hard to build, it may be worth considering your exit plan options. Beauty salons are often full of self-employed nail technicians, make-up artists and brow specialists – and one of them may be interested in taking over the business. Could you assign your lease to a new tenant who you can recommend?

If you own the commercial property or have the freehold, then you have the option of renting out the premises yourself. However, it may be more profitable to open up the entire business to investors.

 

Know your worth

Beauty is big business, and your salon can make a pretty penny making people beautiful. Don’t be put off by people who devalue your business – just take it from the experts! We can arrange a free business valuation for you if you’re thinking about selling a beauty salon. This takes into account annual turnover, revenue potential and assets including in the sale.

As a beauty salon owner you’ll likely have lots of equipment and assets to sell to the new owner. For someone starting out in the beauty business, it’s far better to walk into a premises with all the fixtures and fittings, and everything they need to open up straight away, rather than renovate a property. Don’t underestimate the pulling power of a local readymade clientele, either.

 

Ready for a new start?

Whatever your reasons for selling a business, you may be thinking about your next career move. Do you want to stay in the beauty industry and open up a new salon somewhere else? Or perhaps you want a fresh start and you’re looking to invest in a totally different sector. If buying another business is on the agenda, we can point you in the right direction.

Health reasons, family emergencies, retirement and relocating are popular reasons for selling a business. Whatever your reason is, we can connect you with serious buyers and make sure you get the best price for your spa or beauty salon. We’ve sold hundreds of salons across the UK, so you can trust the UK’s leading business broker with your business sale.

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