Your reasons to invest in a health and beauty franchise
Investing in a health and beauty brand can be a good choice for you, with it being a continuously highly growing market, which is only set to continue growing to $62 billion in 2022 according to the Hair & Nail Salons report from IBISWorld in 2017.
When it comes to a health and beauty brand though, the rewards aren’t all monetary. Investing in a health and beauty brand can be an exciting and rewarding challenge. With the growth this industry is set to see, new and innovative treatments are being developed every day. Whether you are looking for a health spa, hair salon, skin treatment centre, or more, have you looked at the many reasons to invest?
When it comes down to it, less than 1% of franchisees fail each year, in comparison to 20% of businesses failing in their first year and a staggering 60% going bust within the first three years. It is clear just how much security you gain from a proven business model through franchising, and with the market on the rise, now might just be the perfect time for you to make your investment.
While opening and operating your own brand from scratch may seem like a brilliant idea, a franchise with a proven track record has been tested and refined to achieve the highest level of success, meaning you’ll be able to get to your market faster, have more security and have control over your finances.
The health and beauty franchise industry falls into a variety of different categories, which are all doing substantially well despite the pandemic. Have a look at just a few categories worth investing your time and money into:
The UK’s beauty cosmetics industry is worth £27 billion from 2020, being the seventh largest cosmetics market of the world.
Hair salons and hair beauty generate over £7.5 billion a year from 2017, expected to grow post-covid.
The UK health and wellness sector is worth a massive £23 billion as of 2020, raking in $4.75 trillion globally.
As of 2020, the nail salon industry sits at £149 million, reaching one of the largest figures of all other beauty figures.
It is important that although these figures show remarkable profits in the sector, you should do your research and see what industry and franchise best suits you. There are many options available to choose from, especially at the International Franchise Show, on the 1st and 2nd of October, at ExCeL London. Grab your free tickets here: bit.ly/IFSTICKETS