Hair & Beauty Salons
Hair care has been around as long as humans have been on the earth. The earliest record of individual hair care dates back 2.5 million years ago, when brushes used to create cave paintings in Spain and France was adapted for use in hair grooming. Intriguingly, many of the innovations in hair design that are still used today originated in the late 19th century.
According to 2002 statistics, there were 1.4 million personal care services ( http://www.hjventures.com/writing/Beauty-parlors-shops-Business-Plan.html ) in the United States, 313,000 of which were beauty and hair salons. The hair salon service industry alone had revenues of $55.9 billion, while salon product sales exclusively $5.5 billion. Coloring alone brought in $10.4 billion for the beauty industry in 2002.
The major single customer group is the baby boomer generation, who by the way now constitute the largest population segment in America, and who are more than willing to spend money on a hair care services.
What this means is that the prospects for owners of hair care businesses are solid and strong. The 2003 Job Demand Survey, dispersed by the National Accrediting Commission of Cosmetology Arts and Sciences, indicated that average total revenue (including tips) for salon owners was $53,150 per year.
There are three ways you can come into the hair industry. You can open a franchise hair salon, in which you pay money Frank to use someone else’s established name and resources such as advertising campaigns. You can buy an established salon from someone who is retiring from the business or has damaged the business and is forced into bankruptcy. Thirdly, you could establish your own salon.
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