Beauty Industry Looks Strong for Future Business

asked about 7 years ago

The beauty industry is a multi-billion-dollar industry that continues to grow each year. According to franchisee experts, 2016 is a great time to invest.
Beauty industry experts confirm that 2016 is shaping up to be a bumper of a year. Incorporating makeup, skincare, fragrance and haircare, market research forecasts revenues in excess of 60 billion dollars in the United States alone for this coming year.
Twenty fifteen saw a seven percent industry growth from the previous year and this trend is expected to continue in the same manner, according to marketing research company NPD Group.
And according to franchise experts All State Franchise Finders, based in Fort Worth, Texas, 2016 offers no better time to invest in a franchise business that captures this market. Derek Cafferata, CEO of All State Franchise Finders, has seen an increase in interest from potential or current business owners who are keen to move into this flourishing industry.
“Beauty-based franchises, in particular salon and hair-care businesses are generating a significant amount of interest and enquiry,” said Derek Cafferata. “The attractiveness about this type of franchise opportunity is that it offers owners the ability to focus on growing the business, without having to control day-to-day running and maintenance.”
A franchise business is a stable way to become a business owner while still getting the support, training and advice from those with years of experience and knowledge. Many potential business owners believe they need hands on experience in the industry if they want to own their own business. However, Derek is adamant that this is not necessarily true.
“If you choose a solid, stable and respectable franchise that has been around for a while, it offers you the peace of mind to take that step into becoming a business owner,” said Derek.
All State Franchise Finders represents more than 250 different franchise brands across a wide range of industries. One of their best franchises within the beauty industry is Fantastic Sams, the oldest full-service unisex franchise salon in the United States. Over their 40 years of franchising, Fantastic Sams now has more than 1,100 franchise locations.
A franchise opportunity like Fantastic Sams continues to focus on keeping up with market trends, which is what has helped to make them one of the most successful hair dressing salons in the country. While other salons are moving towards an add-on type of service, paying a fee for a haircut, then extra for a wash, then more again if you want a blow dry, Fantastic Sams understands that people still want a full service salon experience. They just don’t want to pay excessive amounts for that service.
Having been acquired by premium-luxury brand Dessange International in 2012, Fantastic Sams fills the gap for those who want more than a discount haircut, but don’t want to pay hundreds of dollars to have a cut, style or color.
All State Franchise Finders work with prospective business owners to find the right franchise that meets their financial situation, their business strengths and their career and lifestyle goals. To contact All State Franchise Finders, call 1-800-544-2161 or visit their website today.