Beauty Salon Marketing

We previously looked at some of the most popular “Business for Sale” websites, to see how useful they were for people seeking beauty salons for sale or hair salons for sale. Today we came across a new service that gives you a valuation of your business, which could be very useful if you are buying or selling a salon (found via the YP Commando blog).

BizEquity.com is currently only available in the USA. Their business launch press release states -

BizEquity Launches Small Business Valuation Site

Free service provides approximate valuations on 10 million small businesses

BizEquity Corp. has launched the beta version of BizEquity.com(SM), a free online service that allows small businesses - those with less than $10 million in revenue - to discover and better understand their estimated value and that of their competitors.

Small businesses account for nearly 43 percent of total business wealth in the U.S. and employ nearly 54 million people. Yet, according to a BizEquity survey conducted by Chamberlain Research Consultants, 65.8 percent of small business owners do not know how to quantify or calculate the financial value of their businesses. In an effort to better equip small business owners with information about their companies, competitors or potential acquisitions or partnerships, BizEquity.com valuations:

- eliminate the cost and time commitment required for an initial valuation

- help small businesses understand how they might stack up to their competition

- empower small businesses, armed with financial data, to better understand what their business may be worth

- allow owners to benchmark their businesses against industry and national standards

BizEquity.com calculates its valuations by aggregating publicly available and commonly accepted information from trusted financial data reporting services - the same resources utilized by leading global corporations - with BizEquity.com’s own financial modeling methodologies developed by industry experts. More customized estimates, generated quickly and automatically, are available for business owners who provide additional detail about their business.

These valuations are estimates, providing an initial picture of what a small business might be worth. Given the many factors that affect the worth of a business, not all potential influencing aspects are taken into account; however, the BizEquity valuation provide a preliminary value.

“Our mission at BizEquity is to equip small business owners with tools and information to better understand their businesses and give them a clearer picture of where their business stands,” said Tom Taulli, BizEquity Corp.’s founder and the author of the Complete M&A Handbook. “This beta site is our first step and we look forward to many improvements and additions to our service in the future.”

“Typically, the process for a business owner to get a valuation has been lengthy, intimidating and expensive,” said Scott Gabehart, author of The Business Valuation Book. “BizEquity.com is a great jumping off point for helping small business owners figure out just how much their business is worth.”

If you are looking to buy a beauty salon, or buy a hair salon in the USA, it might be worth checking to see if BizEquity can give you a valuation. You can then compare this with the price being asked by the sellers, and use this information in your negotiations. If you are selling a salon, BizEquity’s valuation may backup the price you are asking.

…or maybe you’re just curious to see how BizEquity’s service will value your salon business, or your competitors!

Related articles on the Beauty Salon Marketing website -

• Salon Business Plan - Free business plan templates
• Marketing Plans, Business Plans - A lesson from Winnie the Pooh
• Recommended Resource - Salon Geek forum
• Starting a salon - What to name your salon
• Beauty Salon Logos, Hair Salon Logos - free logo design templates