The salon is located in Sacramento, Ca. There are 6 hydraulic chairs, 5 hair dryers, 3 shampoo bowls, 3 shampoo chairs, washer and dryer. Currently, 5 chairs are occupied by stylists.
2006-07-30 18:33:46 · 8 answers · asked by ashleydavid_mills 1 in Business & Finance ➔ Small Business
Associations may be a good avenue to explore. These organizations will address many of the thoughts, questions and concerns you'll inevitably have as well as many you haven't anticipated yet. See the source box for some relevant links.
Hope that helps! I wish you much success & happiness in all your ventures!
2006-07-31 07:14:48 · answer #1 · answered by TM Express™ 7 · 1⤊ 0⤋
Well, first- do you own the building, or rent? If you rent, then that lowers the value, because you can't sell the building, obviously. In that case, you are selling the client list, and the equipment, which is still worth quite a lot.
Is the salon busy? Do you have a large client list? Do you turn a profit? Those are all things you want to consider when setting a price.
Locaton is another thing- is it on a busy street? In a good neighborhood? An upscale neighborhood, or are you constantly repainting to remove graffiti? That is all part of what you are trying to sell, so obviously, you want to focus on the best points of your business.
2006-07-30 18:42:53 · answer #2 · answered by Anonymous · 0⤊ 0⤋
This may seem like a simple question,but it is not. First there so many things to consider,for example; !) Are you just selling the business,or the business and the property? Are the stylist employees or do the rent their chairs. 2)What is your gross,what are your expenditures.etc..etc. The best thing for you to do is consult a reputable account (if you don't have one ) and a lawyer.
2006-07-30 19:00:26 · answer #3 · answered by Pat C 7 · 0⤊ 0⤋
you have to look at the neighborhood value as well... what businesses are around you, what are they building worth in that immediate area... the same way people look at buying a house in a decent neighboorhood... we tend to looke how the neighborhood is kept up and the condition of the homes around you to get an idea of how much equity or at least how great a worth it will bring to purchase.... ask the other store owners in the area as well as inquire from a selling agent what others look for in property. Good luck in your quest.
2006-07-30 18:35:54 · answer #4 · answered by kitkool 5 · 0⤊ 0⤋
the common way to decide what your business is worth is to set the price at what you would make in 2 years. So let's say you make 70 thou a year then the business would be priced at 140 thousand.
2006-07-30 18:37:05 · answer #5 · answered by purple dove 5 · 0⤊ 0⤋
get a business appraiser or just sell it for what you think is is worth to you because only you really know the value.
2006-07-30 18:50:24 · answer #6 · answered by connie g 1 · 0⤊ 0⤋
Sell it on eBay.
2006-07-30 18:36:26 · answer #7 · answered by Anonymous · 0⤊ 0⤋
it is only worth anything if you own the land.
2006-07-30 18:36:31 · answer #8 · answered by Trollhair 6 · 0⤊ 0⤋