All people selling a business should know
- Businesses can take between 6 months to several years to sell.
- IBIS World stats show that between 2023 and 2024 there was a decline in the industry by 28.8%.
- Over the last 5 years the number of businesses in the beauty industry on average have been decreasing by more than 25%.
- Traditional business sales requires agents and advertising which adds cost.
- Putting your business for sale could scare or trigger staff to leave
- Selling to staff can strain relationships and impact friendships
- Australia has over 25,384 business in Australia
All of this can make the sale of a salon even a high performing one not only difficult to sell but risky that in the process of selling you could lose the most valuable assets “staff”