Growth Club
1851 Growth Club
Hair Salon Franchising: Why You Should Invest and Which Brands to Consider
From well-known brands to emerging concepts, hair salon franchises offer an opportunity to be part of the growing (and very lucrative) beauty industry.
There's certainly no shortage of independent hairdressers out there. These days, however, they're facing some stiff competition from the growing number of hair salon franchises. These franchises have the advantage of being associated with a trusted brand, which makes them a popular choice for entrepreneurs looking to get into the lucrative beauty industry.
Let's take a closer look at why this investment makes good sense for those eyeing long-term success. As an added bonus, we’ll even look at some brands you should consider investing in.
Meeting the Steady Demand for Hair Care
Hair care remains a consistent need for most people, regardless of economic ups and downs. As folks continue to prioritize self-care and grooming, the demand for professional hair services stays on an upward trend. In fact, the market was worth an impressive $52.2 billion in 2023.
Investing in a hair salon franchise means tapping into a market that's always in demand, ensuring a steady flow of customers.
Riding on an Established Reputation
When you invest in a hair salon franchise, you're buying into a brand that's already trusted by customers. These franchise brands have spent years building up their reputation through effective marketing and consistent service. As a franchisee, you inherit this trust, saving you the time and effort needed to build brand recognition from scratch. This built-in credibility can help attract and keep customers, speeding up your return on investment.
Tried-and-True Business Approach
Investing in a hair salon franchise — as opposed to starting an independent business — provides a solid support system and a proven business model to franchisees. From helping you pick the right location to training your staff and guiding day-to-day operations, franchisors offer valuable expertise. This structured approach minimizes the risks of starting a new salon independently, giving you a roadmap for success based on industry knowledge and best practices.
Additionally, franchise agreements often come with training programs and ongoing support from the franchisor. Whether it's learning the latest hair styling techniques or managing inventory, franchisees typically receive tailored guidance every step of the way.
Room to Grow
Hair salon franchising allows for scalability and expansion opportunities that might be hard to achieve on your own. With a proven business model, you can open multiple salon locations or expand into new markets. This not only boosts your revenue potential, but also increases the overall value of your investment. Plus, being part of a larger franchise network lets you leverage shared resources and expertise, helping you negotiate better deals with suppliers and cut operational costs.
5 Franchise Opportunities
If hair salon franchising sounds good to you, here are five brands to get you started in your search:
- Investment Range: $99,500 - $256,000
- Unit Count: 78
Pigtails & Crewcuts is a children's hair salon franchise known for its family-friendly atmosphere and community engagement. Founded in 2003, the brand offers a unique franchise opportunity with a simple business model, low investment and a strong dedication to family values and operational quality.
- Investment Range: $266,300 - $439,500
- Unit Count: 1,850+
Sport Clips is a men's hair salon franchise that has been setting the standard in the industry for over 25 years. It specializes in providing a top-notch haircut experience for men and boys in a sports-themed environment, all at an affordable price.
- Investment Range: $183,000 - $395,000
- Unit Count: 4,400+
Great Clips is one of the world's largest hair salon brands. Known for its affordable and convenient haircuts, Great Clips also blazes the trail in haircare technology, offering innovative features like Online Check-In and ReadyNext alerts through its app while providing franchisees with advanced business tools.
- Investment Range: $150,906 - $312,878
- Unit Count: 2,600+
Supercuts was established in 1975 as a modern, unisex alternative to traditional barbershops and beauty salons. The franchise offers no-appointment-required services for consistent, quality haircuts, along with a range of hair services and professional haircare products from trusted brands like Paul Mitchell and Redken.
- Investment Range: $1,007,875 - $1,636,200
- Unit Count: 150+
Salons by JC rents private suites to beauty practitioners who run their own businesses within their leased space. With up to 50 suites available, each equipped with essential amenities, professionals offer services like hairstyling, massage, nails and makeup independently.
To learn more about franchises in the beauty industry, check out these related articles:
*This brand is a paid partner of 1851 Franchise. For more information on paid partnerships please click here.
