Gearing Up For Business New Years Resolutions

What a busy year 2014 was! With record sales right across the country in the salon sales division, it is now time to “gear up” for New Years resolutions and right now it’s time to look around for your new salon. With lots on new listings coming on the market in January you can purchase your perfect salon now and settle at the end of February. We often get asked what the difference is between a Fully Managed, Partly Managed and Owner Operator salons. A Fully Managed salon is the best you can get, the owner is often not from the industry and runs the salon like a business doing all the back end. For example Paying Wages and Bills. – These sites are good for investors who want a “Business” not a job. A Partly Managed salon usually has an owner that comes in less than 20 hours per week. The owner could work on reception or on the floor looking after clients and sometimes produces income for the business. Often these sites can be turned into Fully Managed salon by promoting the part time salon manager into a full time position. An Owner Operator salon has a hairdresser or beauty therapist working in the business on a full time basis and this type of salon is not suited to an investor unless the net profit including the owners wage is over $100K. Owner Operator sites can be turned into managed sites over a period of time however the owner needs to work their way out of the business which often can be difficult without the right strategy.   John Kasapi 0422930549 Australia’s Leading Salon & Spa Sales Specialist