How we Massaged this Deal to Sell this Salon and Spa Business – Serving Baltimore East, Maryland (MD)

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How we Massaged this Deal to Sell this Salon and Spa Business

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Posted by Justin Sandridge on

 

In March 2018 the Owner of Indulge Salon and Spa contact me to help her sell her business.  She had new plans for her future and needed to move on from her business. 

The seller, Wendy, also owned a Curves Gym Franchise and was ready to sell both. 

Wendy was ready to sell this business quickly.  She priced the business aggressively and was offering seller financing. 

Seller financing is a huge benefit to a buyer and will attract a lot of interested buyers.  Buyers like to see the Sellers still have some skin in the game after the exit. 

We got this business under contract in May 2018.  The Buyer was in the same job for 20 years and was ready for a change and decided that being a business owner was the route she wanted to go.

After the Curves training was completed and we had buyer approval from the franchisor, the buyer and seller agreed to use an independent closing attorney to prepare closing documents and we closed on July 24, 2018.