#367 - How To Calculate Your Salons Worth

Thriving Stylist Podcast

Britt Seva

Stylist, Business, Hair, Hairstylist, Marketing, Salon, Careers, Businessbuilding

4.7 • 2K Ratings

🗓️ 6 January 2025

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

Have you ever wondered how much your salon is really worth? I know there are a lot of salon owners out there who are looking to sell their salon in the future, so today I want to cover how to calculate your salon's value and position yourself for a lucrative sale.

In this episode, I share the factors that influence a salon's worth, from its clientele base to its reputation, and reveal how to build a strong foundation for your salon that will make it attractive to potential buyers.

There are a lot of unique challenges and opportunities in the relationship-based salon industry and I hope this helps you navigate it all and unlock the secrets to maximizing your salon's value. If you are a stylist looking to someday buy your own salon, then this episode is a must-listen for you as well!

Do you have a question for me that you’d like answered in a future episode like this one? A great way to do that is to head over to Apple Podcasts and leave a rating and review with your question. I'm looking forward to answering your question on a future episode on the podcast!

If you’re not already following us, @thethrivingstylist, what are you waiting for? This is where I share pro tips every single week, along with winning strategies, testimonials, and amazing breakthroughs from my audience. You’re not going to want to miss out on this.

Learn more at: https://thrivingstylist.com/podcast/

Transcript

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0:00.0	Do you feel like you were meant to have a kick-ass career as a hairstylist?
0:05.8	Like you got into this industry to make big things happen?
0:09.1	Maybe you're struggling to build a solid base and want some stability.
0:12.5	Maybe you know social media is important, but it feels like a waste of time because you
0:16.1	weren't seeing any results.
0:17.9	Maybe you've already had some amazing success, but are craving more. Maybe you're
0:21.9	ready to truly enjoy the freedom and flexibility this industry has to offer. Cutting and
0:26.9	coloring skills will only get you so far, but to build a lifelong career as a wealthy
0:31.5	stylist, it takes business skills and a serious marketing strategy. When you're ready to quit
0:36.6	just working in your business and start working on it,
0:39.0	join us here where we share real success stories from real stylists.
0:42.7	I'm Britt Siva, social media and marketing strategist just for hairstylists,
0:46.3	and this is The Thriving Stilist Podcast.
0:51.1	What is up and welcome back to the Thriving Stilist podcast.
0:54.0	I'm your host, Britt Sieva. And today we're
0:56.3	going to talk about how to calculate your salon's worth. So there are a lot of salons owners out there
1:02.3	who are hoping to one day sell their salon. If you're a stylist, I know the thought of that
1:05.8	is scary, but actually if a salon sale is done really well, everybody wins and it can be really, really beneficial to the
1:10.8	entire team. This is not the first time I've talked about this. If you've not already listened to
1:15.4	episode 277, it's called How to Build a Salon you can sell. I really recommend listening to that as
1:21.4	well. It tackles some of the other things that we're not going to tackle in today's episode. So if you
1:26.7	are a salon owner, you're like, I do probably want to sell one day. Listen to tackle in today's episode. So if you are a salon owner,
	...

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