VR BUSINESS BROKERS
Case Study: High End Hair Salon
VR Business Brokers is honored to assist in the sale of another Triangle restaurant with the sale of a privately held profitable high end hair salon. The owner of this business hired VR to confidentially price, market, and sell her business so she could retire after nearly a decade of ownership.
The Selling Process
The husband and wife who started this business had high hopes and tons of energy when they did a significant build out and started this salon with only the wife running a single chair. Nearly a decade later, she had build a team of five salon professionals who ran the day to day business and the owner was ready to retire.
She turned to VR Business Brokers to confidentially market and sell her business through a controlled process which yielded dozens of interested buyer parties and multiple offers. Every buyer signed a confidentiality agreement and the stylists were unaware of the sale until the deal was done in order to protect the business.
Ultimately the owner selected the buyer with the best offer and the deal was completed with a purchase agreement, bill of sale, new lease, and disbursement of funds to the owner with a short training period. The buyers were excited to add a second salon to their growing salon empire!
Congratulations to the owners of this salon and buyers of this successful transaction, and special thanks to attorney Peter Hanna at the offices of Hopler, Wilms, & Hanna and David T’Kash with David T’Kash PLLC who represented the buyer.
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Whether you’re only just starting to think about the next step in your entrepreneurial journey or you’re actively planning for retirement or a life change, we can help. Schedule an appointment today. Neal is a business broker in Raleigh and he can help. It’s free and completely confidential!