Is a Beauty Salon a Profitable Business?
If you're looking to make a career change, there's quite a lot to consider. While choosing an industry that aligns with your interests will make for an enjoyable career, you'll also need to ensure you earn enough profit and can maintain your finances for years to come. If you're interested in the salon industry, you're on the right track.
The Salon Industry - a Closer Look
- A $62 billion industry.
- 3% industry wide growth in 2016, and a growth percentage of 9-15 in the family focused salon niche.
- Salon purchased products have seen a 7% growth.
- Beauty salons are uniquely human centered, meaning that technology and automation can't touch the salon industry.
- Salons may be considered economically stable as they have survived (and even thrived) during periods of economic downturn. In fact, during the 2008 recession, many salon franchises and businesses reported growth in sales!
So, if your question is whether you can make a successful living with a beauty salon franchise, the answer is yes. Data on the salon industry shows that it's the closest thing you'll find to an economically stable business opportunity.
Join the Lemon Tree Family
While the salon industry is promising, opening your own salon with no experience is another story. You can still take advantage of this prosperous industry, however. Lemon Tree is a beauty salon franchise with 50+ years of experience. We are looking for business savvy, beauty loving entrepreneurs to join our team!
As a Lemon Tree Franchise Owner, you'll be responsible for leading a team and maintaining a successful operation. We look for individuals with previous managerial experience and business acumen.
Excitement for Beauty
While a background in the salon or beauty industry is not necessary, we hope you're excited about all the joy a great haircut can bring! Customer service is important for success, so you should be able to connect with your clients and understand why they get so excited about a great cut, color or wash.
Community Focused Values
One thing that Lemon Tree has tried to change about the salon industry is exclusivity. Many high end salons cater to specific clientele and have shockingly high prices. We believe that everyone deserves to look good, so our salon is family focused. We have fair prices and great stylists!
If you check off all the above and you want to learn more about opening your very own hair salon franchise, the process is simple.
First, you’ll need to schedule a call with us. If we think you are a promising candidate, then we will allow you to dig deeper into our brand and take a look at the FDD for details on things like finances, investment, requirements, rules, regulations and more. From there, you’ll get to meet the corporate team, peers and other important colleagues. And, if all goes well, you’ll be awarded your very own Lemon Tree salon franchise!
We look forward to hearing from you.