Hair Salon Franchise : Best Franchises Cost in USA

 

Haircutting has always been a lucrative and popular industry. No matter if the nation is thriving or through a crisis, both men and women continue to spend money to look their best. An average hair salon in the USA tends to generate $245,000 annually, totaling around $63 billion in salon sales. Despite the difficulties brought on by the COVID-19 pandemic, the beauty salon sector, which comprises the hair and salon industry was anticipated to keep growing steadily. The worth of the country is currently estimated to be $53.6 billion in the US alone, down from its value of approximately $69.05 billion in 2019. The business is positioned for further prosperity as more customers place a higher priority on self-care and personal beauty. I have created a list to buy the best hair salon franchises.

What is a Hair Salon franchise business?

An individual or a group of individuals invests in the right to use a well-known brand and the accompanying goods and services in their personal hair salon under the terms of a hair salon franchise. The franchisee benefits from the established marketing efforts and reputation of larger franchises, while the franchisor collects ongoing fees and royalties.

While hair salons are the most common and commonly used type of company, the industry also tends to include nails, cosmetics, lashes, waxing, and a unique combination of these. Such a variety of activities is reflected in the list of top franchises.

How much is the cost to start a Hair Salon franchise?

A hair salon franchise might cost anywhere from $20,000 and $69,500 to start. This fee is usually paid upfront before the business is set up. The total initial investment, including the franchise fee, might range somewhere around $128,975 to $1,636,200. Before investing in a franchise opportunity, it is critical to carefully assess all costs and conduct extensive research.

Why Start a Hair Salon franchise business?

There are a few reasons why hair salon franchises are recession-resistant. First, hair salon franchises are often family-owned and operated, which helps to maintain the continuity of the business during difficult times. Second, hair salon franchises often have strong brand recognition, which makes them immune to some of the economic challenges that smaller businesses face. Finally, hair salon franchises often have a wide range of products and services to offer their customers, which makes them resilient to falling demand in one sector of the economy.

There are numerous advantages associated with starting a hair salon franchise business. Here are five reasons why a person should consider opening a hair salon franchises in 2023

1. Be his own boss

As a franchisee, a person is required to run his own business. This means he will be able to make his own decisions about how to efficiently manage his salon, such as selecting his own working hours and prices.

2. Receive ongoing support

When a person becomes a franchisee, he will receive support from the franchisor. This means he will have direct access to expert guidance and support as needed, which can be vital as your business grows.

3. Access to proven business systems

When you start a hair salon franchise, you’ll be tapping into a proven business model that has been successful in other markets. This franchise model will give you a head start on success and help you avoid common mistakes that new business owners make.

4. Benefits from national marketing efforts 

One of the benefits of being part of a franchise is that you’ll have access to national marketing campaigns. This will help raise awareness of your salon in your local market and bring in new customers.

5. Build equity in the business

As a franchisee, a person will be able to build equity in his company. If he decides to sell his salon or retire, this can prove to be a valuable asset.

Pros and Cons of Hair Salon Franchises

Pros of Hair Salon franchise opportunities

• Brand Recognition
• Existing Customer Base
• Business Support
• Buying in Bulk
• Less Experience Required
• Less Risky
• Favorable Failure Rates
• Freedom (With Benefits)
• Can Be Very Profitable

Cons of Hair Salon franchise opportunities

• Initial Fees
• Rules and Regulations
• Creative Restrictions
• Ongoing Expenses
• Conflicts Can Occur
• Not Your Brand

Which is the best Hair Salon franchise to own?

When it comes to hair salons, there are a lot of different franchise options available. Which one is the best for you? Here are four factors to consider:

1. Location

Do you want a franchise that is close to your home or work? Does the salon location have the potential to generate ample footfall?

2. Hours of operation

Do you want a franchise that is open 24/7 or do you want a franchise that has limited hours?

3. Cost of entry

How much does the franchise fee cost and what are the other costs associated with owning a hair salon franchise?

4. Profit potential

How much money can you make as a hair salon franchise owner?

There are a number of franchise opportunities in the Hair Salon sector. Some are better than others for various reasons. 

Here are 15 of the best Hair Salon franchises in the United States and Canada.

1. Great Clips Franchise

• Started in: 1982
• Franchising since: 1983
• Initial investment: $183,400-$394,900
• Franchise fee: $20,000
• Royalty fee: 6%

One of the various reasons Great Clips has outperformed its rivals in the market is because of technological advancements, which not only give clients a more convenient and gratifying experience but have also put the business at the forefront of the sector’s future. The network of Great Clips owners as well as the seasoned staff and unique software provide 24/7 support for opening a Great Clips business.

2. Fantastic Sams Franchise

• Started in: 1974
• Franchising since: 1976
• Initial investment: $150,500 – $332,000
• Franchise fee: $30,000
• Royalty fee: $362+ per week

Fantastic Sams combines the appeal of open territories across the country with the stability of a hair salon franchise that has been in operation for four decades. Small communities as well as big cities can benefit from the variable salon footprint and easy-to-scale business strategy. 

It is the perfect time to grow into new regions because the company has approximately 1,100 outlets throughout the nation and is an instantly recognizable brand. There is always a need for dependable, reasonably priced full-service salons.

3. Sport Clips Franchise 

• Started in: 1993
• Franchising since: 1995
• Initial investment: $266,300 to  $439,500
• Franchise fee: $30,000-$69,500
• Royalty fee: 6%

Sport Clips caters to men and boys by offering hassle-free hairstyling in a sports theme. The company was created to target a previously underserved niche. Sport Clips franchise offers an easy-to-understand, straightforward business strategy that is simple to implement and provides something that every guy needs for entrepreneurs trying to start a business. 

Grow a business on terms that will remain in demand and generate recurring revenue to enjoy considerable independence and achieve your financial and personal goals.

4. Supercuts Franchise

• Started in: 1975
• Franchising since: 1979
• Initial investment: $150,906 – $312,878
• Franchise fee: $39,950
• Royalty fee: 6%

With more than 38 million annual visits from customers seeking haircutting, hair coloring, and other haircare services, Supercuts is a market leader in the salon business. 

The first thing a Supercuts should understand about operating a hair care business is that they do not require any prior knowledge of hair; that will be handled by the qualified stylists you choose, who will stay up to date thanks to the regular training they will receive from Regis Corporation. Your only goal is to manage your company carefully.

5. V’s Barbershop Franchise 

• Started in: 1999
• Franchising since: 2005
• Initial investment: $192,500 – $420,700
• Franchise fee: $30,000
• Royalty fee: 3.5-5%

The need for an elite, fashionable, traditional men’s grooming shop like V’s Barbershop is extremely high. Traditional, short, and modern men’s haircuts are all available at V’s barbershop. As a franchisee of V’s Barbershop, you will receive training on every facet of running the barbershop, including pre-opening, running, and employee training.

6. Cost Cutters Franchise 

• Started in: 1982
• Franchising since: 1982
• Initial investment: $139,430 – $290,200
• Franchise fee: $39,500
• Royalty fee: 6%

The Cost Cutters chain is an innovator in the value-salon industry, using stylists with advanced training to offer economical hairstyles without an appointment. A universal need to obtain more for less money and save time is addressed by the Cost Cutters hair salon concept. The Regis Company franchise offers quick and inexpensive haircuts at over 740 sites across the United States.

7. ManCave Franchise

• Started in: 2011
• Franchising since: 2018
• Initial investment: $148,700-$265,000 
• Franchise fee: $39,900
• Royalty fee: Variable

ManCave, a franchise for a men’s hair salon, also provides other grooming services including massage and skincare. With flatscreen TVs, comfortable chairs, and complimentary drinks, their decor is centered on comfort.

8. Snip-its Franchise

• Started in: 1995
• Franchising since: 2003
• Initial investment: $35,000
• Franchisee fee: $168,100-$281,700
• Royalty fee: 6%

The children’s salon with the fastest rate of growth in the United States, Snip-its offers distinctive branding, tried-and-true methods, and extensive assistance. Snip-its has altered the way that kids take care of their hair by transforming what was once thought to as a boring and frequently unpleasant process into an exciting adventure. Snip-its, like any other franchise opportunity, will give you all the tools, support, and training you need to run a profitable business.

9. Scissors & Scotch Franchise 

• Started in: 2015
• Franchising since: 2017
• Initial investment: $411,675 – $661,500
• Franchise fee: $45,000
• Royalty fee: 4-6.5%

Scissors & Scotch is a wonderful choice if you want a barbershop with a posh ambiance and a free beer, cocktail, or coffee with every haircut. With edgy and humorous branding, Scissors & Scotch has been able to expand into new states like Kansas, Nebraska, Oklahoma, Colorado, and Texas. Franchisees can obtain assistance with setting up their marketing and websites, choosing a location, and other business-related issues.

10. Roosters Men’s Grooming Center Franchise 

• Started in: 1992
• Franchising since: 2002
• Initial investment: $173,750-$303,350
• Franchise fee: $39,500
• Royalty fee: 4-6%

For men who desire a polished and businesslike appearance, the Roosters Men’s Grooming Center franchise opportunity is available. A thorough system of advertising campaigns, stylist education, lease negotiation, promotion, business training, site approval, expert marketing, as well as other sorts of support, is offered to franchisees by the organization in order to help them establish profitable businesses.

11. Blo Blow Dry Bar Franchise

• Started in: 2007
• Franchising since: 2009
• Initial investment: $214,443-$337,352
• Franchise fee: $40,000
• Royalty fee: 6%

They were first owned and run in Canada, but have subsequently expanded to over 130 sites around North America. With its distinctive interpretation of a hair salon, this franchise is redefining the hair industry. 

Blo Blow Dry Bar differentiates itself from traditional salons by focusing on blowouts and adopting the motto “Wash. Blo. Go.” The Blo Blow Dry Bar franchise focuses on creating a supportive, family-oriented network of businesspeople and professionals.

12. Floyd’s 99 Barbershop franchise 

• Started in: 2001
• Franchising since: 2005
• Initial investment: $294,000 – $642,000
• Franchise fee: $45,000
• Royalty fee: 6%

Both men’s and women’s services are provided at Floyd’s 99 Barbershop, which has a “old school” look and setting. Floyd’s has teamed up with the Juvenile Diabetes Research Foundation to generate money, much like Great Clips did. They request a minimum investment of four units.

13. MY SALON Suite Franchise

• Started in: 2010
• Franchising since: 2012
• Initial investment: $560,000-$1,400,000
• Franchise fee: $50,000
• Royalty fee: 5.5%

The stylists Al Ferrigno and Alan D’Alessandro launched MY SALON Suite, and thanks to their upscale salon furnishings and opulent suite-style salon experience, they have developed a devoted clientele. In 2017, MY SALON Suite was ranked sixth among the “Top New Franchises” by Entrepreneur. 

The luxury experience that MY SALON Suite specializes in offering includes a wide range of aesthetic services beyond just haircuts. With the help of this franchise, salon professionals and business owners may expand their operations and bring in at least 40% more money.

14. First Choice Haircutters Franchise 

• Started in: 1980
• Franchising since: 1980 
• Initial investment: $178,280-$303,700
• Franchise fee: $39,500
• Royalty fee: 5-7%

The most well-known salon brand in Canada is the First Choice Haircutters franchise. A strong brand name indicates a significant opportunity. First Choice Haircutters, which is celebrating 30 years in business, provides a fantastic business opportunity in salon services. When you own First Choice Haircutters, you have already invested in a well-known business with a ready-made clientele.

15. Cookie Cutters Haircuts for Kids Franchise 

• Started in: 1994
• Franchising since: 1994
• Initial investment: $142,000-$356,500
• Franchise fee: $40,000
• Royalty fee: 5%

Who said that only men and women could own these franchises? With specially educated personnel and kid-friendly (as well as cruelty-free and vegan) products, this one is focused on children and everything related to children.

With playgrounds inside of their locations and free suckers distributed after each cut, Cookie Cutters, a family-owned business, focuses on providing kid-friendly and family-friendly experiences. Their website promises that the units they sell generate an average net profit of 25.6%.

Top and Best Hair Salon franchises in the USA in 2023

The best hair salon franchises in the USA offer professional hair care services that can be tailored to meet the needs of each individual client. These businesses typically offer a wide range of services, including hair styling, hair coloring, hair removal, and more. Some of the best hair salon franchises in the USA include Great Clips, Sports Clips, and Supercuts.

Best Upcoming Hair Salon Franchise Opportunities in 2023 

There are many Hair Salon franchise opportunities available, and it can be difficult to decide which one is the best for you. Here are some of the best upcoming Hair Salon franchise opportunities

• Sport Clips
• Snip-its
• Cookie Cutters Haircuts for Kids
• Scissors & Scotch

Best Hair Salon franchise opportunities in terms of Net Worth

There are many hair salon franchises that are available for investment. Some of the top franchises according to company networth include 

• Roosters Men’s Grooming
• Cost Cutters
• Sport Clips
• Great Clips
• Supercuts

Which is the most Profitable Hair Salon franchise?

• Great Clips
• Cost Cutters Franchise
• Sports Clips 
• Rooster’s Men’s Grooming Center Franchise

Best Hair Salon franchise opportunities in terms of the Rankings

• Great Clips
• Sports Clips 
• Supercuts 
• Cookie Cutters Haircuts for Kids
• Scissors & Scotch
• Cost Cutters
• Blo Blow Dry Bar

Best Hair Salon franchise opportunities in terms of the Franchise Deck Ratings

	Hair Salon franchise	Franchise Deck Ratings
1.	Great Clips	3.9/5.0
2.	Sports Clips	3.9/5.0
3.	Supercuts	3.8/5.0
4.	Drybar franchise	3.5/5.0
5.	Fantastic Sams	3.3/5.0

How to select the best Hair Salon franchises for sale in 2023?

It can be challenging to select an ideal hair salon franchise. The following 4 tips will guide you in selecting the ideal hair salon franchise:

• Do your research 

Finding out which franchises for hair salons are accessible in your area requires research as the first step. Following the signing of the franchise agreement, you are required to abide by the franchisor’s policies. Before signing anything, be certain that you are at ease with these.

• Consider your budget

What kind of investment have you set aside for a franchised hair salon? Before choosing a choice, it is crucial to take your financial condition into account.

• Consider your goals

What do you hope to achieve by opening a hair salon? Do you desire independence? Do you wish to collaborate with a specific franchise of a hair salon? Before you make a choice, think about your objectives.

• Get advice from experts

Discuss which franchise might be best for you with specialists in hair salons. They might have ideas that you might have failed to think of.

Are Hair Salon franchises profitable?

Salon ownership can be financially rewarding, but results might vary. Any firm needs a well-run operation with satisfied clients who frequently return if it is to be profitable. The success of your firm will depend on a variety of factors, including location, competition, promotion, and pricing.

Hair salon franchises are a popular business model because they offer a high level of operational and financial flexibility. There are many different types of hair salon franchises, so it is important to do your research to find the right one for you. 

Most hair salon franchises are profitable, but it is important to carefully consider the costs of ownership and the expected returns on your investment. Costs of ownership can include startup costs, such as initial inventory and equipment, as well as ongoing expenses such as rent, utilities, and salaries for your employees. It is also important to consider the expected returns on your investment. The average hair salon franchise margins anywhere from 6 to 20 percent.

How much money can you make as a hair salon franchise owner?

As a hair salon franchise owner, you can earn a great living. There are a number of factors that will determine how much money you can make as a franchisor, but some of the most important things to consider are your location, your business model, and your investment.

Location is key when it comes to franchising a hair salon. You’ll want to find a location that has a high population density and a large number of people who are looking for hair services. You’ll also want to make sure that your market is receptive to your concept, as many people are willing to pay a bit more for a quality

Conclusion: Is Hair Salon Franchise a good choice?

Since a lot of resources and training are given to you, franchising is considered a great method to break into the hair industry.These franchises for hair salons each exhibit a distinctive brand culture and a diverse business approach. You may choose a franchise that is a good fit for you, your skill set, and your personality by doing your research prior to actually committing.Should you buy a hair salon franchise ?

Remember that franchising has both benefits and drawbacks; examine the pros and cons carefully before making your choice. You should think about the overall franchise costs you will be required to pay, your business location, the level of market saturation, and other factors. Additionally, before signing any paperwork, make sure to properly study any franchise agreements and get legal advice. Once you have made your choice, research your financing alternatives for hair salons to assist you to secure the first funding required to turn your aspirations of opening a franchise into a reality.

Entrepreneurs who want to open a franchise in the Hair Salon franchise categories can look at 

• Scissors and Scotch
• Roosters Men’s Grooming Center
• Fantastic Sams Franchise
• Supercuts Franchise
• Drybar franchise 
• Bath and body works franchise
• Great Clips
• Cost Cutters
• Blo Blow Dry Bar
• Sport Clips Franchise 
• MY Salon Suite
• Buff City Soap franchises
• European Wax Franchise