Why would I buy a hair salon?

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Owning a hair salon is often considered a progression for a hairdresser or stylist. After obtaining experience working for another salon owner, you may wish to start or buy a hair salon. The hair salon industry is estimated to be worth $9 billion dollars and has 33,520 businesses in Australia according to ibisworld.

Buying a hair salon over starting from scratch has a number of advantages:

• Equipment - an established hair salon for sale will be sold with the necessary equipment to operate such as wash basins, mirrors, chairs, hair dryers, straightners and other essentials such as software, computers, websites, social media pages and so on. 
• Talented Teams - if you are looking to grow a business you may want to be surrounded by talented hairdressers and stylists. When you buy a hair salon there may be team members that will be staying with the business. This team have built a reputation and client base and can be a great asset to the growth of your salon. 
• Financial Projections - You can see how much the business is currently earning and make forecasts for the future. Starting from scratch has a lot of uncertainties. An established hair salon can show you where the money has been coming in and the expenses. 
• Commercial Lease - an established hair salon already has a lease in place. This could mean you get a hair salon in a good location or lease with good terms and value. There may be no need to spend high fees on a fit-out. 

Buying a hair salon is a great way to obtain your business dreams, a number of elements have already been established. 

Tags: hairsalon

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