People ask me regularly, “What’s hot in franchising now?” Begin with businesses that help people look and feel their best.
BEAUTY FRANCHISES!
What types of businesses are these? Let’s start with hair. There are hair salons for different customer segments:
Women
Men
Children
Families
There are even hair salons that wash and style hair but don’t offer HAIRCUTS.
There are HAIR REMOVAL studios that provide waxing and laser procedures.
The rage now is EYELASH EXTENSION studios where lashes are added.
We’ll end the hair section highlighting (HA - that was PUNNY) BROW SHAPING and BROW TINTING businesses.
Now let’s consider NAILS - you’ve seen for yourself the MANY nail salons. They continue to innovate and offer services to both women and men. Some provide more environmentally friendly products which are increasingly in demand.
Let’s talk SPAS.
There are FACIAL spas
There are MEDICAL spas
There are even “fast casual” BEAUTY spas with a variety of services.
The BOTTOM LINE: People want to look good and feel good and are willing to pay for it!