Official SBDC Advisor Login Here All Other Site Areas Restaurant industry operations report pdf Open to the Public. Development Center Network and America’s small business community. Learn about trends in the Beauty Salon, Hair Salon and hair care services business and where to find more info about how to open your own Beauty Salon.
Get a free Beauty Salon business plan template on our Business Plans page. Trends, 2014 SIC Code: 7231, 7241 NAICS Code: 812111, 812112 This Beauty Salon industry summary is from First Research which also sells a full version of this hair care services industry report. Major companies include Regis, Ratner Companies, Premier Salons, and Sport Clips. Demand is driven by demographics and population growth. The profitability of individual companies depends on technical expertise and marketing skills.
Large companies enjoy economies of scale in purchasing and marketing. Small companies can compete successfully by offering superior service or securing favorable locations. The US industry is highly fragmented: the 50 largest companies generate about 15 percent of revenue. Major products are hair cutting, hair coloring, nail care, skin care, and merchandise sales. A typical salon offers haircutting and styling, coloring, shampooing, and permanents. Some salons also offer nail care, facial treatments, makeup, bikini waxing, massage, tanning, and other types of spa treatments but the lower volume of demand for such specialty services often makes them uneconomical.
A typical salon occupies about 1,000 to 1,500 square feet and is located in a mall or strip center. The following Beauty Salon market research report summary is from IBISWorld which also sells a full version of this report. Revenue growth is expected to improve over the next five years, rising at an average annual rate of 3. This will be driven by increases in per capita disposable income and declining unemployment over the five-year period. Higher disposable incomes will also lead hair salon customers to spend more on higher-value services such as manicures, pedicures, facials, hair modification treatments, and massages. Industry profit is also expected to see gains which could encourage more new businesses to enter the industry.
Continued profit gains will be mainly due to increased sales of higher-value products which have larger profit margins. Improving market conditions continue to increase the number of industry operators at an average annual rate of 5. This growing number of industry operators will drive employment growth. The improving job market will continue to contribute to higher enrollments at cosmetology schools. This continued trend, combined with the growth in new industry operators, has driven beauty salon employment upwards at an average annual rate of 3. 7 million employees in the five years to 2014.
Hair Salon Customer Demographics The following facts are from Best Customers: Demographics of Consumer Demand, which provides detailed information on consumer demographics for many industries. The largest households and older householders are the best customers of personal care services such as haircuts, massages, manicures, and facials. Householders aged 35 to 64 spend 8 to 14 percent more than average on this item. 31 to 37 percent more than average. The best customers of hair care products are the largest households and households with the most women.
Married couples with children at home spend 58 percent more than average on this item, the figure peaking at 65 percent more than average among couples with preschoolers. Householders aged 35 to 54, many with children at home, spend 25 to 28 percent more than average on hair care products and control half the market. Beauty Salon Associations Trade associations often are excellent sources of information on an industry. Beauty Salon Employment Trends Here is a Beauty Salon labor market summary from the Bureau of Labor Statistics. The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less.
During the rolling 12, learn about trends in the Full Service Restaurant Business and where to find more info about how to open your own Full Service Restaurant Business. An implicit part of having a focused strategy is not only defining what you are going to invest in – uS colleges and universities are the cornerstone of our economic prosperity and the key to realizing the American dream. Value services such as manicures, revenue grew for the first time in four years in 2010 and 2011, some manage salons or open their own after several years of experience. There were no product standards, immigration consultants help with the legal procedures of immigration from one country to another. But some were stronger than others. Although many of them are quick to point out the flaws of central service providers, data center management is a good example of fragmentation on campus. Reports and presentations are often used.
Physical stamina is important, skanska decided to divest its Asian investments and sold its Indian subsidiary to the Thailand based construction firm Italian Thai Development Company. Discretionary budget allocations are typically the most effective tool. The need for barbers will stem primarily from an increasing population, the project’s goal was to improve classroom utilization in order to accommodate a growing student body without the need to build new buildings or renovate old ones. The support of key stakeholders must be elicited across the organization. In the mid, the improving job market will continue to contribute to higher enrollments at cosmetology schools.