My wife is a hairstylist and rents a chair at a hair salon. She’s worked there a few years and the owner has begun hinting that she wants out. Owner is near retirement age. My wife is getting a bit antsy at some of the business decisions being made, and what she would do different. She’s thinking about asking the owner for her price to buy the place out. How does that work? How does that process start (aside from bringing up the conversation).
Sometimes a business is worth nothing. Sometimes there is something better……look around to see what the alternatives are and then make sure that the current deal is better than that.
Are clients attracted to the building or the people in it? How important is location. Being fixed location means more clients less time……moving around is more money, lots of travel, less clients.
I know of several hairdressers, beauticians, stylists, make up specialists, minor cosmetic surgery etc who have set up their own personal salon in a summer house, spare bedroom etc
Look at all the options and consider carefully what the clients would do or want.