Salon Franchise Opportunities

Beauty and hair salons (or related services) run the gamut from basic haircuts to luxury spa-based experiences, but all are ripe with opportunity for a talented entrepreneur. Translating your skill in these personal services into a lucrative career can be easier and more secure when you decide to become a franchise owner. Consumers trust names they are familiar with, particularly when it comes to their hair care and other personal maintenance. The right franchise opportunity helps you attract clients and keep them thanks to an established reputation.

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Did You Know?

Revenue for hair care in the United States is expected to reach $13,043.3 million in 2021.

SOURCE:
SOURCE: Statista
On average, each American consumer spends approximately $38 on hair care a year.

SOURCE:
SOURCE: Statista
24% of all beauty products sold in the United States are hair care products.

SOURCE:
SOURCE: WordPress (Beauty Meraki)
Beauty salon revenue is expected to grow annually at a rate of 3.2% to $58.7 billion by 2019.

SOURCE:
SOURCE: IBISWorld

Industry Info Available Franchises

Types of Hair & Beauty Salon Franchises

From nail salons offering manicures and pedicures to hair salons to spas, there are many different varieties of hair care and beauty salon franchise opportunities. Even within the hair care option you can choose from salons that cater exclusively to men, children or that offer affordably priced haircuts. Additionally, the personal care market includes such services as tanning, waxing and facials if you are interested in including those options at your location.

Why Buy a Beauty or Hair Salon?

A hair care franchise is a great franchise to consider because it offers a steady revenue stream. People care about their appearance and are willing to spend money to maintain it. Whether that means regular haircuts or additional personal care services, a beauty salon provides a necessary service. Additionally, including other services, from nail care to waxes to hair care products, increases your potential revenue stream.

Salon Franchise Opportunities Opportunities:

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Franchise Resources

By going with an established franchise rather than opening an independent salon, you’ll be able to benefit from name recognition right away. That’s a big hurdle to clear early in the life of your business, but that alone won’t make you successful in this industry. Let’s talk about some other key points that may play a role in getting this venture off the ground.

Creating a Sense of Community

People like to feel welcomed when they visit a salon. This is particularly true for regular customers – they want to go somewhere where they can build a relationship with the people and feel a connection to the community. As the owner of a salon franchise, you can work hard to connect with those who visit your location regularly. Building up trust and friendship will improve loyalty and also help to earn you more referrals.

Deliver Time After Time

Of course, a smiling face isn’t enough to earn repeat business from salon patrons. You also have to deliver on the services you provide and make sure the level of quality remains high time after time. No customer should walk out of your shop disappointed, whether it’s a haircut, a manicure, or anything in between. The negative word of mouth from just one or two bad experiences can significantly drain your ability to grow your customer base.

Remain Current

The services offered in a salon are trendy by nature, so you’ll want to keep up with the times and understand what customers are likely to want when they walk through the door. Customers will sometimes ask you for input on what they should do with their hair or other style elements. Knowing what’s trendy and offering friendly advice is another opportunity to stand out from the competition.