Hair Salon for Sale in the UK

05/03/2019 13:00 | Start a business

hair salon sale

The hairdressing industry creates a large range of employment opportunities, with big businesses and independent companies competing alongside each other in a creative market.

The powerful influence that emerging and evolving fashion trends have on our society, coupled with our desire to look younger, is one of the main reasons why hair salons are such a lucrative marketplace. Additionally, according to Habia, with the economic growth in recent years and the accompanying increase in disposable income, the amount we spend on basic items occupies a smaller proportion of our budgets, which leads to greater scope for discretionary spending on hair services.

Hair Salon for Sale

Research has indicated that as of 2018, there are over 42,000 hairdressing, barbering and beauty businesses in the UK and they generate almost £7.5 billion for the UK economy (the National Hairdressers Federation and the National Beauty Federation). It was also found that around 260,000 people are employed in the hairdressing, barbering and beauty industries and 58 percent of those in the hairdressing industry are self-employed. It is probably a frequent fantasy of many of these employees to own their own hair salon. Whether its striving to own something small and modest, or obtaining a global customer base and providing services to top celebrities, starting your own hair salon franchise could be profitable and rewarding business venture.

Read more:

London Hair Salon Business for Sale

With London being such a busy, dynamic city and, arguably, the UKs hub of fashion and creativity with a constant stream of customers, many of whom want to try something new and trendy, where better to open a hair salon business? Hair salon businesses currently looking to expand their UK network include The London Hair Academy, Cobella and Headmasters.

Benefits of Opening a Hair Salon Franchise

Starting an independent hair salon business can be a difficult and complicated process, leaving you exposed to complex decisions and hidden costs. However, opening a hair salon franchise allows you to work from a successful business model so you can be assured that youre making the right decisions when it matters most. You will receive guidance with anything from staff training to finding the right location, to marketing techniques and insurance issues. Also, due to the buying power of the franchisor, equipment and supplies should be priced at more favourable rates, which will come in handy when faced with the hidden costs.

It can also be extremely liberating and exciting to be your own boss. You can express your creativity, manage work around your family-life and ensure the company is consistent with your personal values, and there is scope to earn a virtually unlimited income.
However, being your own boss doesnt work for everyone. Quite a few independent start-ups find themselves working even longer hours than normal jobs and experiencing financial losses. Still, if you take your time and dont make any rash decisions, you are more likely to build a booming business based around your passions and personal requirements.

Franchise Opportunities

There are a huge variety of franchise opportunities on offer to start your own hair salon, depending on where you wish to sit in the market and your favoured geographical location.

Huge names in the hairdressing industry, TONI&GUY and Saks hair and beauty, are currently looking for franchisees across the UK. Rush Hair is currently franchising and available through Point Franchise.

Rush Hair

Rush is a national hair and beauty brand dedicated to providing professional hairdressing services and ensuring everyone leaves feeling special. From full-head colours, to highlights and balayage, Rush can help in finding the hair colour for you. The franchise opened its very first salon in 1994 and it now has over 60 salons providing services across London and the South of England.

Working with its franchisees, Rush sees thousands of clients every week. For over 20 years now, Rush has generated countless job opportunities for local people and businesses.

Choosing to franchise with Rush means that you can be part of an established brand that has become successful due to the trust of its customers. And it is mainly down to the companys proven business model that it has created a chain of thriving franchises across southern England, and why the average customer comes back every six weeks and each spends roughly £600 a year in its salons.

As a general guide, the cost of a hair salon will usually range between £150,000 and £165,000. A minimum personal investment of £15,000 is also required. Rush provides partial funding to support the investment.

Another franchise on the Point Franchise books is Supercuts. Although it is not currently franchising, lets take a look at some more information in case the opportunity arises in the future.

Supercuts

Supercuts is a hairdressing franchise that not only offers hair services to a broad range of customers, but also sells a large variety of professional haircare products from countless different brands. The brand believes that good looks cost less and therefore boasts that you can walk into any of its 120 UK salons and come out with a fresh new look, without the high-end price tag. You dont even need an appointment either; subject to availability, you can drop in whenever its convenient and leave feeling more confident.

Becoming a franchisee will enable you to be part of a knowledgeable, dynamic team that is continuously honing their craft by finding innovative techniques and styles.

The brand is always striving to improve the quality and increase the profitability of its franchisees, organising regular visits from a franchise business consultant in order to provide coaching and support.

In order to invest, potential franchises need a minimum net worth of £500,000 and a minimum liquidity of £150,000. The initial investment ranges from £145,000 to £297,000, and paying a four percent royalty fee and five percent advertising fees is also required.

Other recent articles
Did you enjoy this article? Please rate this article
Average rating (4.5/5) based on 1 vote(s)

0 Comments

post a comment

Characters remaining: 250