Market Overview – July 2014
New Year! We are now officially in a new financial year and we often get lots of Sellers cleaning up their accounts so that Buyers have a clear picture on how the business has been tracking over the last 12 months. In some cases Sellers will not have tax returns done until closer to Christmas however we will be able to produce some simple financials to give buyers an indication of sales and profitability. Good managed salons are becoming hard to find as we have nearly sold out of managed salons over the last few months and Benchmark are desperately trying to get new listings in this category. So now is the time to get your books in order and prepare for the solid returns that always come through in this six months of the year. FINANCIAL FITNESS If you are looking to sell your salon at this time of year then make sure you get your figures into shape (that’s your financial figures). We find that the salons that sit on the market for the longest are the ones that do not provide us with current information and updates on how things are going. Your BAS will be due on the 28th July so make sure you have all your figures done the week before and when you submit this info to the ATO, send us your 2014 Profit and Loss.… We understand that it may vary slightly from a tax return but it will give a buyer a very good picture of how your business has been tracking over the last 12 months …and help to make the business more sale able. Early 2014 Figures = Early Salon Sale Iain Horne Salon Specialist
