To buy a spa business in Paris first the buyer should check his or her budget to know how much finances they will require to start this venture.
Find a business broker, who would help you in finding a best deal. In exchange for this service business broker charge you some percentage in the deal. This percentage is not fixed and may vary from broker to broker.
(a) Christie + Co
If buyer does not wish to hire a business broker then, second option to buy a spa business is search for ads in the newspapers. There are several newspapers in Paris which list such ads in their classified sections, so get one from your nearest newspaper stand.
(a) Le Daily Neuvieme Website
(b) Le Monde
Search Websites that list Business for Sale
Another option for the buyer is that he or she can also do some quick search through different websites, which list business for sale. Below is one such websites to get your search started.
(a) Visit Business For Sale.com Website
Criteria of Buying
Buyers should check following things before they select a spa business for purchase.
a) Price of the spa business should fall in buyer’s budget.
b) In selection of a running spa business, buyer must make sure that it is giving a good return to its owner. This verification will help the buyer to project the future earnings of the spa after bearing all the expenses.
c) Survey different websites (which list spa business for sale) or business brokers to find out what sellers are demanding for their spa business. In this way buyer would be able to determine a average price of spa business.
d) To verify the earnings of the spa, buyer must check the accounts of the business, so he or she will be sure that the projected profit by the seller was correct or not.
e) Business like spas depend a lot on their location so, before buying one don’t forget to check the site of the venture.
f) Also check how much area your selected spa site has occupied.
g) Ask vendor about the history of the spa. This will help you judge the repute of the business.
h) Check with how much staff the current owner is running the spa. Also find out how much salary these staff members are drawing.
i) Check the condition of equipment and furniture present in the spa.
j) The interior decoration in a business like spa matters a lot, as today clients are very picky and go to only such places, which have maintained a their business place well.
k) Prefer a spa business for buy that also have ample parking space.
l) Learn from current owner which type of clients generally comes to his or her spa. So, when you take over the business these customers will still enjoy same level services which they take pleasure in earlier.
Once you were able to find a spa business that matches all aforementioned criteria then, find a business valuator, who will assess the actual value of it. Below are few business valuators that are offering services in Paris. You can start your search from here.
(b) CMC Consulting
(c) Nussenbaum Maurice
Negotiate with Seller
When you get the actual value of the spa business from your business valuator then, make an offer or place a bid for it. Buyers of businesses should always keep one thing in their mind when they reach this stage that selling price of a business is not fixed and most sellers do negotiate. Therefore, always utilize bargain chip and make an offer in a way that seller should feel that he or she may not get a better proffer than this.
If the seller accepts your offer then, documentation to officially sell the spa business will take place. Since this involves legal complexities therefore, its better that a buyer should take the help of a solicitor. Below are few solicitors in Paris that handle such matters, you can add them to your search list.
(a) Sj Berwin
(b) Wragge & Co
(c) BERTAGNA Avocats
After all the necessary documents are signed from both the parties under the supervision of a solicitor then the ownership will be transferred in the buyer’s name and he or she will take the charge of the spa business.