Hair & Nail Salons / Spas
An Essential Industry Within the Canadian Landscape
An unforgettable trip to the salon can leave a customer feeling revitalized, and an appointment at a hair or nail salon is a popular way for people to relax and pamper themselves. Many people feel their best when they look their best. Whether it’s for a first date, or a job interview, it is no debate that having these services is an essential part of customers’ grooming routine. In addition to providing a highly valued service, these businesses have also seen significant growth in recent years.
So Long as Your Hair Grows, so Does the Industry
According to Statistics Canada, the number of hair salons in Canada increased by nearly 5% between 2014 and 2015, while the number of nail salons increased by almost 8%. Additionally, IBIS World states that this industry has grown to $3.9 billion in 2022—up by 4.6% from the last year. This increase is likely due to the growing popularity of these services among both men and women. Whether it's a haircut, manicure, or pedicure, people are increasingly looking for ways to take care of their appearance.
Invest in the Proven Franchising System
With the growing popularity of this industry, investing in a franchise is the best way to start a salon business with less risk. By investing in a franchise, you are investing in the franchising system’s processes and operations that have been proven to work for years. Franchisees are given extensive training about the brand, its products, and the services it provides. While an independent business may be susceptible to major financial loss during trying times—as we saw during the pandemic—a franchised business benefits from the expertise and knowledge of an experienced franchisor who has likely faced similar challenges in the past. Owning a franchise gives the franchisee security and reassurance, allowing them to focus on growing their business.
Take the plunge and inquire about the nail/hair salon that best aligns with your values!
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