If you are a beauty business owner considering a change ?
- Even with the best agents working for you. Businesses can take between 6 months to several years to sell.
- IBIS World stats, show that over the last 5 years the industry grew by 2.3%.
- The majority of growth has been from small low cost operators.
- In 2025 – 2026 the forecast is for a dip of 0.3% due to reduction in house hold incomes.
- Award wages have gone up every year for the past 4 years.
- The combination of low cost operators, dip in customer spend and increase in award wages can make it harder to find a buyer willing to enter into the industry.
- Putting your business for sale could scare or trigger staff to leave which reduces the value of the business.
- Selling to staff can strain relationships and impact friendships
- Australia has over 40,346 Beauty businesses in Australia