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.
Revenue for hair care in the United States is expected to reach $13,043.3 million in 2021.
On average, each American consumer spends approximately $38 on hair care a year.
24% of all beauty products sold in the United States are hair care products.
SOURCE: WordPress (Beauty Meraki)
Beauty salon revenue is expected to grow annually at a rate of 3.2% to $58.7 billion by 2019.
WordPress (Beauty Meraki)
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.
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.
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