Company Profile
A highly successful hair salon with a loyal client base and strong financial performance. Known for quality service and efficient operations, the salon had built a strong reputation, making it a sought-after acquisition opportunity.
Reason for Sale
The owner had grown the salon into a profitable and well-run operation. While enjoying the rewards of her hard work, she was open to selling if the right price came along and decided to test the market.
Why Bonza
With a premium asking price, the seller needed a broker who could attract serious buyers and manage the process with expertise. Bonza’s nationwide marketing reach and structured sales process provided the confidence that the business would be positioned effectively to achieve maximum value.
Process
The sale campaign ran for just over seven months and attracted 23 genuine buyers. Bonza coordinated communication, managed enquiries, and worked closely with the seller to maintain momentum. When software transfer issues arose, the Bonza team and legal advisors quickly stepped in to keep the sale on track.
Outcome
The business sold for $710,000 (close to the $725,000 asking price) after 220 days on the market. The buyer, who already owned a salon, was able to secure finance and combine the businesses, creating a strategic acquisition. Both parties left the table satisfied — the seller was rewarded for her hard work, and the buyer was excited to expand their empire.
The transition was supported by Bonza and the legal team, ensuring any challenges were handled quickly and effectively. Importantly, the owner saved $42,600 in commission compared to using a traditional business broker.
Client Feedback
“I wasn’t sure if selling was the right move since the business was performing so well, but Bonza gave me the confidence to go ahead. They brought in a steady flow of serious buyers, and their team were right there to sort everything out. In the end, we found the perfect buyer. I’m thrilled with the result.” – Bonza Client
