Franchise Spotlight: Hair
Looking to run your own hair cutting or treatment business? Read on to find out more about owning a franchise.
If you have a passion for cutting, styling and dying hair and you want to run your own business with low overheads, you should consider buying a franchise. You will be able to enjoy multiple revenue streams and have the support of a parent company.
While this industry is dominated by female customers, there is a growing market for male grooming. You can increase your customer base by appealing to this growing market as well as women.
Unlike many other industries, haircuts are something that you cannot get online so it is a great industry to invest in. Franchises in this sector are also able to thrive in a competitive market.
Becoming a franchisee will allow you to take advantage of bulk ordering discounts when it comes to buying stock. National franchises will help you to be cost-competitive. You will also be able to rely on parent company marketing and brand recognition.
Is a hair franchise for me?
The skills that you need in this industry will depend on how you plan to structure your business. Many franchise owners will buy a business and employ skilled hairdressers to work for them. In this case, you will need to have an entrepreneurial mindset but won’t need to have experience in the hairdressing industry.
You will also need to have people management skills so that you can keep your team motivated. And, of course, you will have to have customer service sills. You will need to be passionate about the industry even with the training that the franchisor will provide.