Alternative Exit #67 | It Feels Too Good To Be True….but It Is | Kevin Franks, novo hair
In 1980 Kevin walked out of his accountancy studies to cut hair. Three years later he opened his first salon in Southend with five chairs and a £1,000 decorating budget. This April, 43 years on, he handed the whole business to his team. novo hair is now 100% employee owned through a UK Employee Ownership Trust, 15 people, all partners.
Kevin walks Andy through the three trade sales that fell over, why he could not stomach three years of being hated by his own staff, how he landed on a number and then deliberately took the bottom of the valuation range, and the grand announcement that landed…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.