Many entrepreneurs dream of business ownership because of its advantages over traditional employment roles. Being in charge of your flexibility, earning potential, and even your industry can be a heady feeling. Investing in an industry as versatile and long-lived as the salon franchise industry can improve those advantages even more.
You don’t have to be a beauty expert to thrive in the salon franchise world. All you need is a desire to build your future, a passion for helping people, and a mind for operating a business within a guided franchise system. With this in mind, you can start your journey toward financial stability, personal growth, and freedom.
The Hair Care and Salon Franchise Industry
The hair care and beauty industry is one of the most stable in the world. Hair continues to grow regardless of what’s going on in the economy. The haircut remains a core service consumers will not do without. Professionals of all ages, incomes, and industries will seek haircuts as a foundational component of their grooming routine.
As such, salon franchises are one of the most stable industries in the U.S. In times of hardship, people still seek the basic haircut. Salons, spas, and barbershops flourish in times of plenty, with clients seeking more add-ons and luxury services because they can afford them.
- In the United States, the hair salon industry reached $52.2 billion in 2023.
- Industry growth is in the positive column, up .2% in 2023 compared to previous years, which were down due to the effects of the pandemic.
- There were 1.1 million businesses in the hair salon and beauty industry in the U.S. in 2021
Benefits of Owning a Salon Franchise
Along with operating a business in a stable industry, salon and spa franchise opportunities can bring potential business investors like yourself great satisfaction thanks to the many benefits they offer.
Community Contribution
Owning a salon franchise benefits more than the business owner; it benefits the community, from the individual client to the town.
When people look their best, they feel great about themselves. Boosting their confidence in such a way has a waterfall effect on their professional and personal lives. When clients feel confident, they walk taller, speak with more assurance, and have the confidence to voice more ideas, say yes to more opportunities, and be more assertive. The potential for reward is higher for people who risk more.
Additionally, salon franchises are places for people to gather and be social. Hair stylists often become friends with their clients. Conversations among clients during hair appointments are opportunities for friendships to blossom.
Build Your Future on Your Terms
Owning a salon franchise puts you in charge of your future. While operating your own business isn’t without its risks, you also remove some risks that come with working for someone else. No one can lay you off or dictate your hours.
If you prefer evening shifts, no one can tell you no. Maybe days are better for you, and another staff member can handle evening hours—that’s your choice. Additionally, no one can take hours from you and cut your pay. Owning your own business has its perks.
It is even better to create a workplace where others feel empowered to further their careers. You can build a salon franchise where people feel appreciated for their talents and dedication, and they’re treated as more than labor hours on a spreadsheet.
When people work where they feel valued, they’re loyal and give their best. It’s a workplace like this where people thrive.
Franchising Opens Doors Otherwise Closed
Why go with a franchise rather than open an independent business? The answer is simple. Franchises offer investors the chance to own a business but provide guidance and support with a proven business model. It’s like having a road map to avoid all the pitfalls.
Franchising benefits investors by granting them access to a recognizable brand, typically one clients know instantly and already trust. There’s nothing wrong with starting from scratch, but doing so requires building that trustworthy reputation from scratch. Franchising allows business owners to start a few rungs higher on the ladder.
Franchises also give investors the chance to develop experience within a guided system. If you’ve signed a franchising agreement with the best salon franchise opportunity for you, you’ll have everything you need. With the right technology tools, training and opening guidance, operating support, marketing advice, and more, your salon franchise development team will help you smoothly and seamlessly operate your business.
After all, your success as a franchisee is the brand’s overall success, and everybody wins.
Why Own a Fantastic Sams Salon Franchise?
When you own a Fantastic Sams salon franchise, you get the above benefits and more.
We’ve been around for 50 years with good reason: we provide top-quality hair salon services at affordable prices. Our clients get that walking-on-air feeling without paying an eye-watering price.
What’s more, we’ve consistently performed at the forefront of the beauty industry for decades—not an easy feat! We’re proud to say it’s because of our franchise owners that we’ve accomplished such great things. After all, their success is our success.
When we empower our franchise owners with businesses that bloom, their clients are happy to return time and again.
We’re looking for single- and multi-unit salon franchise owners to keep the Fantastic Sams legacy shining for another 50 years as a beauty industry leader. Are you the next Fantastic Sams franchise owner? Contact us today to get started!