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Trends and Facts About Health & Beauty Franchises

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Health and beauty franchises tend to fall into several categories: hair styling, skin care, dieting, fitness centers, tanning salons, and day spas are the most common. Because good health and beauty are always desirable, many of these businesses are recession resistant -- people always want to look and feel good.

1. Hair styling is a huge industry. There are about 80,000 hair care salons (75,000 beauty salons; 5,000 barber shops) in the US, which generate combined annual sales of $16 billion.

2. The salon market is expected to continue a slow growth trend and reach $35.1 billion by 2012.

3. The annual revenue for a large, full-service salon with ten employees is about $300,000. Hair care products are the largest source of revenue for many salons because the gross margins are higher for hair care products than for services, such as nail care.

4. Though hair care franchises typically require a substantial investment (often $100,000+), the reward potential is high too. Several hair care franchises, including Supercuts, Fantastic Sams, and Sports Clips, have been cited for their success and growth potential in publications such as Entrepreneur Magazine, Franchise Times, and USA Today.

5. Health and fitness clubs have become a big industry. According to the International Health, Racquet and Sportsclub Association, there are 2900+ health clubs in the US with 40+ million members. Total revenues for this industry are estimated at $17.6 billion. To learn more about the fitness sector of the health and beauty industry, click on the Fitness Franchises section.

6. The diet industry is estimated to be at $33 billion a year, with revenues coming from the sale of foods, supplements, weight reduction products, counseling and other services.

7. Tanning has grown into a $7 billion industry. The American Tanning Institute estimates there are 30,000 tanning facilities in the US, with a customer base of 28 million. Like any franchise that requires a retail location with specialized equipment, the initial investment is typically $100,000+.