Hair care franchises are becoming increasingly popular and sought-after by many who want to break in to business ownership. And understandably so, with numerous benefits which make it an extremely attractive franchise choice. This $55 billion industry is technology resistant with a built in demand: no matter the economy, people still need hair care. So, what else makes this business model such a compelling choice for a franchise business? Here are seven of the top features and benefits:
Recession-Resistant. No matter the economy, people still need to get their hair cut. Unlike the latest trend or fad, hair care does not fluctuate with economic conditions.
Keep Your Current Job. Few other franchise models have a system that allows the owner to remain in the corporate world. Hair care does. You can keep your current position while fulfilling your dream of business ownership. You choose when and if you want to transition full time into the American dream.
Perfect Passive Business. This category is perfect for investors who are interested in building a business, not buying a job, by developing multiple locations.
Affordable Investment That You Control. If your goal is to become your own boss, to be in business for yourself while utilizing the guidance and support of the franchisor, you can own and operate a single salon for a low initial investment. However, if you want to be the CEO of your own "empire", you have the option of purchasing multiple locations. Your time is spent on marketing and recruiting as you expand to 3, 5, or even 10 locations.
No Industry Experience Required. Not to worry, no hair care or styling experience is required. A manager handles the daily operations. If you have strong leadership and people skills and a business background, you may want to look further into this opportunity.
Recruitment Programs. Don't worry about finding stylists and managers. Most hair care franchises provide a Recruitment Program that assist you in finding a great manager and top-notch stylists.
Cash Business. No receivables. You're not left chasing down bad debt.
As more and more corporate employees face downsizing, their options for replacing those large incomes with another "job" are bleak. Also, an increasing number of baby boomers are opting for early retirement. A hair industry franchise is a great second career choice for these groups, and a seasoned franchise consultant can guide you to the one that best fits your situation. You can experience the American Dream of business ownership, allowing for a nice income, while protecting your leisure time. A true winning combination.
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Cory Barber is a professional franchise consultant affiliated with the world's top franchise broker network. His free, confidential consulting services help guide you through the entire process of purchasing a franchise based on your background, skillset, lifestyle, and financial goals. For more information about his free Franchise Consulting Service, please visit: thefranchisingauthority.com thefranchisingauthority.com or contact Cory at his office: 877-271-4305. email:
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