Salon & Haircut Franchises

“It’s an exciting and exploding franchise segment that is both stable and dynamic – the best of both worlds for the investor who wants in on the hottest opportunities with minimized risk.”

Salon franchises are quite attractive to investors looking to maximize their investment. All beauty-related services – which generally fall into the hair or nail categories –  make up a large and surprisingly diverse industry that pulls in $65 billion each year predicted to grow by 3.3 percent annually through 2017. The strength of the industry and opportunities for owners to be as hands-on (or -off) as they’re inclined, make it an opportunity worth exploring.

The salon industry is no longer limited to traditional haircut franchises or barbershops. Today, the franchise marketplace has specialty offerings that cater to women, men, children and individuals who want their grooming experience to feel upscale, fun, or just plain fast-and-cheap.

The children’s segment of the salon franchise marketplace alone is a multi-billion dollar-a-year category and is projecting meteoric growth! Salon franchises also include a new generation of beauty services, including blow dry bars and eyelash and eyebrow grooming services.

There are also relatively new salon models, like salon suite franchises, that are creative in the way they are managed.  A salon suite franchise operates like a “salon mall,” wherein the franchisee rents space to dozens of mini “salon suites.” Salon suite franchises typically cater to a high-end clientele and attract established stylists that want to work for themselves but lack the financial means to go out on their own. This translates to a passive or semi-passive franchise investment for the owner, as his or her daily presence is likely not required.

Regardless of the clientele, salon franchises, salon suites franchises, and haircut franchises generate additional revenue selling hair and nail products. Another built-in security factor is good old vanity. People will always want their hair cut and styled, so it’s as recession-proof a segment as there is. With outstanding service, these businesses build a roster of repeat clients who can be relied upon as a recurring revenue stream.

Established franchise brands also provide the franchisee invaluable business support. Marketing and employee training – both critical activities that require significant commitments of dollars and time are often provided by the franchisor to ensure clients receive a premier and consistent experience at their stores.  Additionally, franchisors have the experience to know which products sell well and which don’t and bring enormous buying power to the table.

There was a time when the concept of a salon franchise or a haircut franchise meant very specific things, but it’s no longer as “cut and dry”. It’s an exciting and exploding franchise segment that is both stable and dynamic – the best of both worlds for the investor who wants in on the hottest opportunities with minimized risk.