The beauty industry gives you a variety of options; from mobile beautician services to selling products online. Under each option, you may find beauty franchises you can buy into so you can choose a path that best aligns with your preferences. For example, if you don’t have a lot of free time to spare, being part of a mobile beautician franchise will probably be difficult. Instead, you can opt for a franchise that focuses on selling beauty products online so you can interact with customers wherever you are, whenever you can.

Who Is It For?
Anyone interested in and with experience in makeup, manicures, pedicures, hair styling and all things beauty will feel comfortable being part of a beauty franchise. Of course, as with any franchise, you’ll need to pay quite a bit of money to buy into the franchise so a good financial record is important.

Who Is It Not For?
Franchising involves lot of teamwork and sharing personal details such as your financials—especially while you’re trying to win over a franchisor and get a contract with them. If you’re not comfortable with any of that, or investing a lot of money into a business, the buying into a beauty franchise is not the side hustle for you.

How It Works?
After the initial application process and discussing terms of the contract with your franchisor, you’ll be able to set up your business in the agreed upon location and get it up and running. Even though buying into a franchise comes with the advantage of being part of an established brand, plus marketing and advertising; at the end of the day, you don’t get to keep all the profits you make. This means a percentage of what you make will have to go to your franchisor. Every. Single. Time. On the bright side, the percentage is usually low, approximately 4-6% of your sales.

With a beauty franchise, you’ll get an established brand and that comes with perks like brand familiarity and an established client base. Depending on the terms of your contract, you might not have a lot of control with regards to location, marketing, or advertising. And paying for marketing will most likely be part of your deal too.

What We Like?
having the backing of a franchisor in the beauty industry can make running a business easier, since you’ll get well-known and trusted products
marketing services, product support, and training for you and your staff are part of the deal
franchises are a secure investment

What We Don’t Like?
paying for marketing and advertising expenses
contracts are not permanent and once the contract has reached its end date, the franchisor can choose not to renew it
monthly royalty fees reduce your profit potential
restrictions on where you can operate, the products you can sell, and the suppliers you can use.

How Much Can You Make
This depends on the success of your business but a ballpark figure for most franchises is a minimum of ₤20K.

Conclusion:
The beauty business is timeless and can be quite rewarding for your pocket. Check out the links we’ve provided for more information on what you need to get into a beauty franchise.

Pros:
be your own boss
support from the franchisor
lower investment risk as there is a higher chance of success

Cons:
high costs of initial investments
less control of the brand

OPPPORTUNITIES:
https://www.99businessideas.com/beauty-business-ideas/
https://www.zenbusiness.com/best-new-business-ideas-in-the-beauty-industry/
https://www.uschamber.com/co/start/business-ideas/beauty-business-ideas