How Much Is Your Florida Salon/Spa Worth?

A question on the top of every business owner’s mind is, “how much is my business worth?” 

Americans have cut back plenty since the economy tanked, but they aren’t skipping visits to their hair salons. And there are buyers for salon when owners are ready to sell. Here is some data regarding sales and pricing of salons that have sold in Florida. Here are some numbers for you to ponder: 

28 = the number of salon/spa businesses sold in the last twelve months by the Business Broker of Florida Association members.

$271,543 = the average revenue of the 28 sold salon/spa businesses.

$107,125 = the average sales price of the 28 sold salon/spa businesses.

$68,739 = the average owner benefit generated in each sold salon/spa business.

1.371 = the owner benefit multiple (sales price divided by owner benefit) of the 28 sold salon/spa businesses.

0.387 = the revenue multiple (sales price divided by revenue) of the 28 sold salon/spa businesses.

86% = the average percentage down payment of the 28 sold salon/spa businesses.

What does this mean?

Salon/spa businesses are in high demand. And, in spite of a more conservative and cash strapped buying clientele, they are still paying near historical multiples with a percent down not realized in many other industries. If you have been contemplating selling your salon/spa business, now is a great time! Please contact me for a no obligation discussion.

For a complimentary consultation:
Contact Cecil Williams (cecil@bizbrokerflorida.com) or call  at 888-925-5055 ext.206.  Visit my personal website to search for business for sale in Florida www.bizbrokerflorida.com  Also, visit our Florida Business Exchange website at www.fbxbrokers.com