Is now the right time to invest in a Health, Hair & Beauty Franchises?
We all like to look & feel good, which is why regardless of the economic climate, health & beauty franchises for sale, and the beauty industry generally tends to be very stable.
This trend is set to rise with beauty products representing around 6% of all retail sales in the UK, sectors such as cosmetics. Makeup continues to grow.
Another growth area is the use of vitamins or supplements, including many people that like to use protein powders or other protein supplements to enhance their look & gym performance.
Some health & beauty businesses that are on the rise include tanning salons & fake tan products, Tattoo franchises, Hair salon franchises, nail salon franchises, massage franchises, Hai Extensions Franchise
With the industry trend of increased health & beauty, spending likely to continue a business within the sector could be highly lucrative.
Facts and statistics around the beauty industry:
- The UK boasts £28.4 bn beauty product and services industry, a report reveals. The UK’s beauty industry contributed a total of £28.4 billion in 2018 to the nation’s economy. Resulting in a valuation of the UK’s consumption of beauty products and services in 2018 at £27.2 billion.
- The industry itself directly employed 370,200 people. With a further 220,300 jobs being supported through its supply chain and wage-related consumer spending contributions.
- The UK’s beauty industry contributed a total of £28.4 billion in 2018 to the nation’s economy. Resulting in a valuation of the UK’s consumption of beauty products and services in 2018 at £27.2 billion.
- By 2019, this market was worth over 1.74 billion British pounds. On the retail side of the spectrum. Over the past decade, UK retail stores specializing in cosmetics and personal care increased their turnover from selling such products. Going from 2.7 billion in 2008 to over 5.3 billion British pounds in 2018.
Best Types Of Beauty Businesses For Sale To Invest In
What types of beauty businesses are the best to buy? As an investor, you have many decisions to make when choosing which type of beauty business for sale to invest in, but one of the most important factors is your own personal preferences and career goals. If you’re looking to buy into the beauty industry, it’s important to choose the right business model that will give you the potential to make money while still allowing you to enjoy your time as an entrepreneur.
Going it Alone or Franchising
If your servicing a very exclusive sector and you just want a small exclusive business with you having sole responsibility then going it alone might be more appealing to you. But it is worth taking a course in small business management and marketing, it will help you enormously.
If you decide to go the franchise route, when you buy a franchise, you buy a system – an entire method of doing business. Franchises have an established system in place that you must follow to distribute the franchisor’s products or services using the franchisor’s trade or service marks. Having a proven system already in place eliminates the guesswork and errors a common business owner would normally face.
With the help of a franchise, you can:
A. Duplicate a real, genuine business that allows you to help others.
B. Set up a business that consistently provides an impressive return on investment.
C. Put together a business that helps you assist real people with genuine needs.
D. Develop a meaningful career path for yourself that has rewards for years to come.
E. Have a full supportive management team around you
F. Benefit from global branding and marketing
G. Benefit from established supply line, retail etc and much more
1) Hair Salon Businesses For Sale
The salon business is a booming market right now. If you are looking for one of the most lucrative beauty businesses for sale, it’s hard to top hair salons for sale. You can find everything from salons in up-and-coming neighborhoods to high-end salons downtown. An established salon with a proven clientele will always be in demand and is an asset worth taking into consideration when deciding what type of beauty business for sale might be best for you.
2) Hairdresser Businesses For Sale
Most hairdressers for sale are small businesses and can be found everywhere. The market for hairdressers is relatively steady, particularly if you’re looking at specific demographics and types of clients. Hair salons often specialise in a certain type of clientele or offer services that may not be as popular with others. Some salons specialise in hair colouring and require less investment than buying a full-service salon. Before you buy a hair business opportunity, it’s important to know what your options are; looking for specialist services such as hair extensions, hairloss treatments, wig making etc., are niche sectors that could yeild more from your investment than a traditional hair salon. When buying hairdressing businesses for sale, research those that might best fit your lifestyle and goals and attract high paying customers.
A larger hair salon franchise may be a good choice if you want to join an established team with experience, retail sales, clientele and branding.
3) Nail Salon Businesses For Sale
If you’re interested in buying a nail salon business for sale, it’s important to remember that different types of nail salons for sale offer different services. While some focus on manicures and pedicures, others might be focused on offering more specialised treatments like nal extensions, nail art or vn pedicures. If you want to work with private clients, you can find nail salon business opportunities that operate out of homes. A larger nail salon franchise may be a good choice if you want to join an established team with experience and plenty of clientele already built up.
4) Barber Businesses For Sale
Barbering is a business that goes well beyond cutting hair. The health and wellness of your clients are just as important as their looks. Barbering services can include relaxation and pampering, a haircut and style, hot towel shave or facial wax, tanning.. not to mention retail sales opportunities. If you’re considering buying a barbers for sale or other beauty business for sale, here are some considerations to make before signing on the dotted line: What licenses do I need? Can I afford to pay for any renovations required for compliance? Is there parking for my potential clientele? How does social media work into my marketing strategy? Are there potential leads out there that could convert into customers without too much extra effort from me?
5) Beauty Salon Businesses For Sale
Buying a beauty salon business from a current owner is also an option. Before you buy, be sure to ask as many questions as possible so that you can make a fully informed decision. The best way to do that is by talking with other salon owners in your area who have purchased beauty salons and asking them what they did right—and wrong—as well as if their initial expectations for return on investment matched reality. If you decide buying a beauty salon for sale is for you, make sure to do thorough research before investing in any salon business opportunity.
Dream Big Have Faith. Lean In
My dream began in 2000, to set up a #hairextensions and Hairloss Specialist Salon Franchise model.
5 years later, winning several awards I am excited to report that we have just been accredited by the Quality #franchise Association and have gone live in the national and international Franchise Directories. It has been a challenging journey and just like when you pass your driving test, the real driving begins when your in the car alone.
I am so looking forward to seeing replica of the salon and brand throughout the UK and Europe and assisting #investors in my initiative become viable #businesses within their own right. This is the link in the UK directory
Don’t let your dreams be crippled by doubt and fears. lean in!
I love reading your blog post on health, hair and beauty franchises. You’ve done a great job of providing a lot of information on the industry and the chance for people to invest in it. I’m impressed that you’ve included some stats regarding the industry’s growth, which I feel like is so important to know. I also really enjoyed reading your blog post on health, hair and beauty products and the rise of vitamins and supplements. This is an area I’ve always been interested in and I feel like your post has given me a lot of great information to consider.