How to sell your hair salon, hairdressers, or barber shop
Selling your hair salon, hairdressers or barber shop can provide an opportune moment to start another business, commit to other interests, retire, or release money from your investment. This exit strategy will see the continuation of your hair salon under new ownership, such as a passionate hair industry expert or investor.
Founded in 1956, the Ernest Wilson team have over 60 years of experience selling businesses, including hair and beauty salons and barber shops across the country. If you’re looking to sell your hairdressers, our business transfer agents will advise you throughout each stage of the business sale process and draw upon their wealth of knowledge to maximise your chances of securing a suitable buyer for your hair salon.
We understand that selling a hair salon can be personal which is why your dedicated account manager will be on hand each step of the way. Due to the high footfall and intimate nature of the hairdressing profession, you may have built invaluable lifelong professional relationships and a loyal customer base throughout your tenure. Our business transfer agents will handle the business transfer with care, sensitivity, and discretion.
While the clientele of a hair salon is largely determined by its location, it can be beneficial to work with a business transfer agent with knowledge of the local marketplace. We have an extensive office network that spans the country, so rest assured, the sale of your business will be handled by a local expert.
The sale process consists of preparing the hair salon or barbers for sale, valuing the hair salon, marketing the business to individuals looking to buy a hairdressing business and securing a proceedable buyer. Our business transfer agents will guide you each step of the way and start by preparing your hair salon for sale.
Preparing to sell your hair salon
Preparing early to sell your hair salon business can give you a head start at getting your business in the best shape and ready to hit the market. This is crucial if you have a desired completion date in mind, or you simply wish to dispose of your business fast. Strategic planning can streamline the sale of your hairdressing business and minimise exposure to potential disruption.
Our business brokers will start by priming your hair salon for the sale process to maximise buyer interest. This may range from recommending efficiencies, to preparing up-to-date company records, such as company accounts and cash flow forecasts, as this will be made available to interested parties.
Our business brokers will work through a housekeeping checklist to ensure that all the relevant criteria are met before your business is listed for sale. We will provide pre-sale support, from fulfilling basic legal obligations, producing marketing collateral, to establishing your preferred sale terms.
How can Ernest Wilson help sell your hair salon?
Whether you wish to sell your hairdressing business now, or in the future, engaging with a professional advisor at Ernest Wilson can be beneficial as we are attuned to the needs of business buyers – a skill we have honed over 60 years since establishing the business in 1956.
We are uniquely positioned to advise on the sale of your hair salon, having previously sold quite literally, thousands of barber shops and hairdressers across the country. Our business sale specialists are well connected to large networks of business buyers, which makes us perfectly positioned to find a suitable buyer for your business.
Our business brokers will support you throughout the sale, including pre-sale and post-sale, and they will also arrange a business valuation to calculate the market value of your business as part of the service.
Valuing a hair salon
The most asked question by business owners when commencing the business sale process is - how much should I sell my hair salon for and how much is my hair salon worth? Our business transfer agents will run through the stages of how to value a hair salon, including common valuation techniques, mitigating factors and similar sales data.
At Ernest Wilson, we take pride in our in-house business valuation services delivered by highly experienced and qualified business valuers. Our valuation services are highly sought after by a wide range of stakeholders, including business owners, financial institutions, and legal professionals
The value of a hair salon can be determined by numerous factors, such as:
Location
Primary service lines
Additional services (beauty salon, gent and baby cutting, weaving, event hair styling, makeup, holistic therapies)
Equipment and stock (backwashes, stools, trolleys)
Premises (freehold/leasehold)
Fixtures and fittings (reception desk, styling units)
Goodwill
Growth potential (extended opening hours, additional styling stations, nail bar)
Our business valuers are uniquely positioned to value your hair salon as they have access to vast databases of sales data which means that they can provide up to date statistics on the sale price of similar hair salons. If you choose Ernest Wilson to sell your business, a free expert business valuation will be provided as standard.
Marketing a hair salon
Marketing your hair salon is an important stage of the business sale process as a sales memorandum or teaser document will be distributed to active networks of business buyers. We are well connected to buyer networks operating across a range of sectors, including the hair and beauty industry.
To establish an accurate and complete image of your business for marketing purposes, we will work closely with you to collate a profile of your business which will feature the main selling points, such as:
Company background, target buyers and reason for sale, i.e., retirement
Financial position, turnover, net profit, assets, and liabilities
Service breakdown, fixtures, fittings and property features;
Operational structure, employee structure and ongoing contracts
Growth potential, projected turnover, and financial targetsSale price and desired date of completion
Our marketing strategy has been refined over 60 years to maximise reach to potential buyers that fit your criteria.
Due diligence
To ensure the smooth progression of your sale, due diligence checks will be conducted to confirm the buyer’s identity, their financial track record and the legitimacy of their interest in the business.
Sales completion
Once the business buyer passes due diligence checks, the terms of the sale and a final sale price will be negotiated and encapsulated by a legally binding contract signed by both parties. We will work closely with your appointed legal professional to ensure that your investment is protected, and the sale completes seamlessly.
Why choose Ernest Wilson?
Since establishing Ernest Wilson in 1956, our highly experienced business transfer agents have completed the sale of tens of thousands of businesses, including hair salons and beauty businesses across the country. You can view a selection of our most recent sales here.
Our services are available on a no upfront fee basis which includes support from a dedicated account manager, a team of local experts and an expert business valuation. With a strong track record of over 40,000 business sales, and counting, we are trusted by thousands of business owners across the UK.
For more information on selling a hair salon, please contact a member of the Ernest Wilson team.