Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

How much to sell business for?

Hi everyone,

I have a somewhat established hair extensions business in Melbourne, Australia and I would like to sell it as I no longer have enough time to operate it and I have a wrist injury (non hair extension related) and it is starting to get very painful doing hair extensions.

I have a facebook page set up with 150+ likers

I have 5 different suppliers with different grade of hair, all personally tested for their quality and endurance. All make atleast 1X what they are worth (profit is up to $400 per full head installed)

I am willing to teach the buyer micro bead hair extensions PROPERLY!! (No license/trade is required to operate as a hair extensionist apart from ABN etc)

So any ideas on how much to sell this package for? Thanks

2 Answers

  • 9 years ago
    Favorite Answer

    Try approaching other established hair extension businesses as a potential buyer,

    to get an idea on the prices your type of business are going for in your city.

    Make note of the points they use to justify their asking prices,

    so you can get an idea on negotiating for a business like yours.

    The 150+ Facebook users would not come into play with the price,

    since they like you not the new owner that will take over,

    of course, I'm sure they will give the new owner a chance to win their business.

    The suppliers would not come into play with the price also,

    due to any established business relationship, credit, or prices,

    that exist is with you not with the new owner.

    Both points are conveniences, but minor conveniences,

    still used them of course during negotiations.

    Since the business doesn't require a license, that is not helping the price also,

    Your main bargaining piece is location, location, location,

    unless you go to your customers homes then you don't have any bargaining tools left.

    Just brush up on your negotiating skills,

    it seems as though any good price,

    will only come from selling "The sizzle not the steak".

  • ?
    Lv 4
    5 years ago

    The naming of your corporation might be some of the foremost decisions you will make. A name's originality and authorized availability will create a real asset price of its own, as it becomes marketed and good points market acceptance. The identify you select will emerge as the focal point of the entire advantages and aspects that relate to your product or industry. Patrons might be equipped to search out and refer others to it someday. Due to the fact that any names that are urged right here may already be owned through an additional social gathering, I wanted to go another route... I advocate both hiring a reputation construction company or social gathering together with your acquaintances and/or family and throw a "identify party" & have each person jump some ideas around. Assemble a list of names that you just just like the exceptional. After you have that record, do as so much free research as that you can before you delve into comprehensive study. I listed some hyperlinks the place you are able to do some preliminary identify checking. Nonetheless, please be mindful that this is in basic terms scratching the surface of what is available in the market. Only comprehensive study will inform you if the identify is truly available. But, these hyperlinks are free & a exceptional location to begin, so i would try them out first. There are different web sites that present free browsing capabilities together with their business offerings, so i am not equipped to submit those links due to the Yahoo! TOS. You'll also want to examine domain names & yellow pages, so quite simply do a seek for "free domain name search" and "national yellowpages" and the suitable hyperlinks will pop up. Hope that helps! I want you a lot success & happiness in your whole ventures!

Still have questions? Get your answers by asking now.