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?”

With season end appoaching, I thought this would be a good time to update you on salon/spa business sales throughout Florida and give you some data regarding sales and pricing. 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 additional information regarding Florida business sales, acquisitions and valuations, please contact Eric J. Gall at info@buysellflbiz.com or 239.738.6227. Also, visit our Florida Business Exchange website at www.fbxbrokers.com and my personal website at www.buysellflbiz.com.