Salon franchises provide beauty-related services, and are generally either hair or nail salons. Most salons primarily target women, but there are specialty barbershops that cater to men and salons for children as well.
More bang for your buck
Hair and nail salons both make additional revenue by selling hair and nail products along with their services. Salons are excellent businesses because they develop repeat clients—when customers have good experiences they will return again and again.
- There are 86,000 hair care stores in the U.S., with 82,000 beauty salons and 4,000 barbershops. •
- Salons are a $42 billion market annually. •
- Revenue growth is predicted to average 3.3 percent annually through 2017.