Franchises are the ideal way for someone with money to invest, passion, and a desire to succeed to build a future in business. If you have these qualities, a franchise can be your path to financial freedom and the ability to be your own boss. The best franchise opportunities can be put into one of three categories: Things people need, Things people want, and things people didn't know they wanted or needed it was offered. Beauty franchises fall into the things-people-want category, and according to Entrepreneur, beauty franchises are among the top ten franchise categories for 2018
. This is one good reason why a beauty franchise might be the answer to a hot new look for your future.
Why Beauty Franchises are a Good Investment
In the United States alone, hair salons earn an estimated $44 billion a year, with many industry analysts estimating steady, continued growth in the industry. Cosmetic and perfume stores, along with general beauty aid stores, fetch another $22 billion in the United States.
Other beauty- and health-related areas of the industry include massage services, with an estimated $16 billion in annual revenue (highest annual growth rate in the past five years at 7.1%) and waxing and nail salons, which bring in $11 billion annually (second highest growth in past five years at 6.7%). The tanning salon industry trails behind with only $2 billion in annual revenue, but the industry is expected to grow modestly with a focus on safer "sunless" tanning beds.
Most health and beauty services are considered luxury businesses, meaning the services offered aren't "needed" services, they are services people "want." Luxury businesses tend to be a risky because their success often depends on a good economy and throwaway income. When times are hard, luxury items are the first to go. According to Entrepreneur, even in a slow economy the beauty industry holds its own
because "many of the services offered by salons simply cannot be duplicated at home--or at least not duplicated well." When the economy is strong, people want to enjoy healthier lifestyles and trendy living. They feel good and want to look good too, making the beauty industry a great opportunity for the eager entrepreneur.
There's another reason the beauty franchise industry is ideal, especially if you are just getting started. Opening a beauty franchise doesn't take a lot of experience. In fact, you don't need to have any experience to run a hair or nail salon, just great stylists. One of the hottest franchise salon opportunities, according to a Forbes article, is Sola
, a salon franchise that leases large amounts of office space and divides those spaces into individual salons. The company recruits top-notch stylists locally and allows them to rent space. Sola simply provides fully-equipped salon studios to qualified stylists for a fee. The business model is simple. Sola provides the high-end salons that attract the stylists that make the company its money.
Another great feature of the beauty franchise industry is the range of opportunities available. Regardless of your budget, how much time you want to put into building a business, or your financial goals, you can find a beauty franchise to suit you. Beauty franchises come in all shapes and sizes, from low-cost, home-based cosmetics franchises to full-scale hair salons, fingernail and pedicure salons, waxing and makeover salons, and barber shops. Investments for these franchises vary dramatically too, ranging from a few hundred dollars for home-based cosmetic franchises to $50,000 and above for fully-equipped salons.
The beauty franchise industry extends beyond haircuts and makeup. Massage therapy, health and beauty supply franchises, spas, tanning bed franchises, and weight loss franchise opportunities, and specialized salon opportunities that cater to children also fall under the beauty franchise umbrella. Many of these franchises can be operated with little or no experience and can provide a good livelihood. Even if you're only looking for an opportunity that will bring in extra money without commanding all of your time, a beauty franchise is perfect. Many of the home-based franchises are centered around flexibility.
Are Beauty Franchises for Women Only?
Great franchise opportunities for women are typically franchises that take advantage of skillsets commonly associated with women. Examples of these franchises focus on children, health care, women's fitness franchises, with hair care and salon franchises, cosmetic franchises, and women's clothing franchises topping the list. With that said, the beauty industry isn't just for women. There are plenty of men, and even couples, who throw their hats into the ring when it comes to providing beauty products and services. Jeska Sweetman, who owned a Nail Garden Salon for three years, operated the business with her husband. "He did most of the actual work on clients," Jeska states. "I kept the books and ordered supplies." Jeska and her husband started with the nail salon and expanded to include tanning beds, a spa, and eventually went into the professional makeover business.
Where to Open a Beauty Franchise
The great thing about beauty franchises is that they work just about anywhere there is traffic and high visibility. Whether you're opening a nail or hair salon, a tanning booth, or cosmetic store, being at the center of activity is key. Strip malls, business districts, and kiosks set up in major malls are ideal places to open a franchise business. Many cosmetic supply franchises are home based and can be operated out of your home with minimal office space, minimal on-hand inventory, and minimal investment. In fact, social media and the Internet have made it even easier to work home-based franchises, and many of the companies offer business websites and extensive promotional events and materials to help you build your business. While many of these home-based franchises aren't going to make you rich, they can be a great stepping stone to other beauty franchise opportunities for you further down the line.
Finding the Ideal Beauty Franchise
There are a lot of questions to ask and details to consider when you're looking for any franchise opportunity. Finding the right franchise for you can mean the difference between succeeding or failing. If you've never been a franchise owner, knowing where to start can be a challenge in itself. Regardless of the type of franchise you're looking for, having one central location at your disposal that lets you browse all 3000 plus franchise opportunities in the United States is the BEST way to find the exact franchise you're looking for without spending wasted time and effort doing it.
All USA Franchises truly is your one-stop shop for all things franchise related. All USA Franchises is a franchise directory with a mission to list all of the 3000 plus franchises in the U.S. The list is available for franchisors, potential franchisees, entrepreneurs, and investors from all walks of life. All USA Franchises makes finding the perfect franchise opportunity easy. This ensures you, as an entrepreneur or potential investor, have the best chance of finding the perfect opportunity for you based on your lifestyle, your budget, and the industry that interest you most. No franchise directory provides a larger selection of franchises than All USA Franchises. Our directory lets you search by industry or by investment, so you can zero in on the exact franchise opportunity for you. Since we never charge franchisors to list their franchise business opportunities, you always get every result, not just "select" results.
All USA Franchises is the absolute BEST place to find beauty franchises
. Whether you're looking for a children's salon franchise
, waxing and tanning franchise opportunities
, or full salon franchise opportunities
, All USA Franchises is your go-to source for the beauty franchise you're looking for. The beauty industry has grown steadily in the past decade and is set to continue to grow in the future. There's no reason you can't get a piece of the industry with your own beauty franchise business, and the best place to start your search is via the "start your search
" button at All USA Franchises, where you will find the franchise opportunity you're looking for without wasting countless hours and running into roadblocks. Forget all the exhausting searches that lead nowhere. Spend some time going through our directory and find your future.
Sign up to receive the
If you found this article helpful then let us know in the comments section below. Likewise, feel free to share it using the share options below. Want us to cover another topic of your interest pertaining to Franchising? If so, then like us and follow us on social media, and post to any of our social media profiles the topic you'd like us to discuss: Facebook All USA Franchises
, Twitter @AllUSAFranchise
, and Instagram @allusafranchises