We’ve all heard the phrase, “Find a career you’re passionate about, and you’ll never work a day in your life.” For people interested in owning a hair salon franchise, that phrase is true.
Those who own hair salons do so because they love everything about caring for hair. It’s a big industry, but it’s full of passionate people who enjoy their work, love working with clients, and are inspired every day by helping people look their best. What’s not to love?
Why Owning a Hair Salon Franchise Isn’t Just a Passion, It’s an Investment
According to IBISWorld, the market for hair salons in the United States reached $51.6 billion in 2022.
Globally, salon services—which encompass skin and nail care services alongside hair care—were valued at $215.65 billion in 2022, with projections to reach $383.88 billion by 2030. This represents a compound annual growth rate, or CAGR, of 7.55%.
The use of proprietary products and personalized services as well as growing awareness of the availability of personal care services is cited as the reason for much of this growth.
Overall, the decision to invest in a hair salon franchise, given the current market trends and projected growth, is an astute one. Add in the passion for hair care and giving clients a reason to walk tall with a pep in their step, and it’s a winning combination that’s hard to deny.
Advantages to Owning a Hair Salon Franchise
Investing in any business carries risks, but there are advantages to joining a hair salon franchise model in particular rather than embarking on a sole proprietorship.
Franchise systems are unique business models that share the risks inherent in the business operation. As a franchise owner of a hair salon franchise, you’re not starting entirely from scratch. While you may be new to the brand, it’s likely a brand recognized by your target market, has a track record, and has an established business plan with proven sales volume from previous franchise owners.
Operating under the umbrella of a recognizable brand gives you immediate credibility with your clients. You don’t have to spend time earning trust because you’ve been vetted by the brand as a qualified franchise owner. Clients trust that you represent the brand’s values. This means your client roster builds quicker, and you get a faster ROI thanks to the name on the door. Owning a hair salon franchise begins with a symbiotic relationship between franchisor and franchisee.
Follow Your Passion
There are many types of franchises out there in many different industries. Even in the health and beauty space, there are many styles of franchises. As such, there’s likely a hair salon franchise brand that’s in line with your passions and your style already. You don’t have to start from scratch! You can join an established brand while staying true to yourself and your passion for caring for clients and their hair care needs.
Be Your Own Boss While Still Having a Team Backing You Up
Owning a hair salon franchise is attractive because you can be your own boss. You don’t lose the freedom of controlling your schedule and planning your time wisely when you invest in a franchise. In fact, you may have more control over your schedule with a franchise team helping you, because you’re not handling all of the details, administrative functions, and direction of the business by yourself.
Provide Your Community with a Fantastic Service
Every community needs a great hair salon. In fact, many communities have a gap in their market that often goes unfilled. There are often beauty salons that provide services beyond hair care, including manicures, pedicures, waxing services, and skincare treatments like facials. Some go even further into wellness treatments, such as massages, and laser and skin treatments that might even border on medical-grade procedures. In many cases, these establishments have not-so-affordable pricing. Where are families to turn for a simple haircut?
Opening a hair salon franchise that offers great services for modern hair styles that don’t break a family’s budget is a great market position to be in. After all, everyone should get to feel fantastic about how they look, no matter their age.
Steer Your Future
When you own your own hair salon franchise, you control your future. Let’s face it, the economy has had its ups and downs, especially in recent years. But hair never stops growing. People will continue to need their hair cut.
The hair salon industry is relatively recession-proof for two reasons: demand for hair care services rarely stops entirely or for the long-term, and no amount of technology interferes with hair styling. It’s an in-person service that never truly goes out of style.
As such, hair salon franchise opportunities will always be a solid investment with a stable future.
Why Should You Consider a Fantastic Sams Hair Salon Franchise
When you could pick from a number of brands that operate hair salon franchises, why should you consider a Fantastic Sams franchise?
To start with, the Fantastic Sams investment is one of the most affordable franchises in the entire industry of franchising. Our estimated initial investment ranges between $150,500 and $332,000, and that includes the $30,000 franchise fee.
For investors interested in multi-unit ownership, we have franchise incentives for 2-pack, 3-pack, 4-pack, and even 5-pack units available.
Second, our franchise model is easy to scale, even for first-time franchise owners. Fantastic Sams locations require only a small footprint. Franchisees can start with light inventory on hand and minimal equipment. This keeps the overhead and operating costs of our hair salon franchises easily manageable.
Our outstanding support for franchisees.
- Site selection and build-out guidance based on extensive demographics data.
- Thorough training for daily operations, technology, and everything necessary to run your Fantastic Sams location.
- Supplier and vendor relationship building.
- Modern technology tools and training.
- On-site assistance for the perfect grand opening launch.
- Ongoing support through continued training, on-site visits, and operations, maintenance, and any other kind of support you need.
- Confidential operations manual access for a daily resource on how to smoothly run your business.
- Beautiful marketing designed to establish, promote, and grow your hair salon franchise.
Fantastic Sams has been around for nearly 50 years, and we’ve embraced the beauty of many trends and techniques over the years. We’ve made a name for ourselves by creating a feeling for our clients, one that puts a pep in their step. It’s a fantastic feeling.
Just as importantly, we’ve created careers for our franchise owners and stylists, some beyond anything they could have imagined. We’d love to do the same for you! Are you ready to feel fantastic about your future? Contact us today!