For many salon owners, retirement represents the reward for decades of hard work.
Unfortunately, many leave planning too late.
Selling a salon isn't something that should begin a few weeks before retirement.
Ideally you should begin planning:
- 2–3 years before retirement
- Improve profitability
- Refresh the salon
- Organise finances
- Increase client retention
- Build a stronger management team
- Reduce owner dependence
Questions to ask yourself
- What income do I need from the sale?
- Am I emotionally ready to leave?
- Can the salon operate without me?
- Is now the right time to sell?
Why use a specialist broker?
Hair and beauty businesses are unique.
Using a broker who understands salons can help maximise value while keeping the sale confidential.
Contact Anglo Swann for a confidential discussion about retirement planning and your salon's current market value.