The beauty industry has been growing at a rapid rate for years. Many entrepreneurs and investors have delved into several aspects of the industry, including cosmetology, nail care, and hair care. Haircare is one of the most profitable ventures in the beauty industry. There are many opportunities to explore the hair care area, including hair salons.
Venturing into a hair salon business is a great business idea. However, investors and entrepreneurs have to decide whether they want to start a business from scratch or buy salon franchises by the link. If you’ve chosen the latter, the chances are high that you’re already researching available franchise options. Below are 15 of the strongest hair salon franchise opportunities to explore in 2022.
1. Roosters Men’s Grooming
This is one of the most profitable hair salon franchises in the United States. Established in 1999, the franchise has grown to over 85 units in different locations nationwide. Buying into this franchise costs an initial franchise fee of $39,500. Investors and entrepreneurs will be required to invest an initial amount of $189,500 in the business.
Before qualification, investors must have over $150,000 in liquid assets to run the business.
2. Cost Cutters
As the name implies, the franchise opportunity focuses on giving the best salon prices to customers. They have grown to over 740 locations across the United States.
Having been around since 1982, the salon franchise requires a minimum of $250,000 in liquid assets and a net worth of no less than $1 million. The initial investment requirement is pegged at $180,000.
3. Sport Clips
Being a part of the Sport Clips franchise family requires an initial franchising fee of $59,500. Investors have a chance to open stores in multiple locations, with the first three stores costing a franchise fee of $59,500 while subsequent ones cost $12,500.
4. Great Clips
This hair salon franchise is one of the largest nationwide, with over 4,000 locations across North America. The franchise fee is $20,000. Investors are required to make an initial investment commitment between $137,000 and $260,000.
5. Supercuts
Rated among the top and oldest hair salon franchises in America, Supercuts was established in 1979. They have an initial franchising fee of between $10,000 and $30,000. With over 2,000 units nationwide, investors and entrepreneurs are required to have a net worth of $500,000 and above.
Supercuts also require a liquid investment capital of $150,000.
6. MY SALON Suite
MY SALON Suites came into the hair salon franchising scene in 2010 and has grown since then. Promising a luxury experience to customers, investors can get in the door with a $1 million net worth. The franchisees also required a #200,000 liquid investment fund.
7. Scissors & Scotch
This isn’t your regular barbershop. It offers a different approach to hair care and treatment. Investors are required to pay a $45,000 franchise fee for a single unit. They are also required to make an initial investment ranging between $433,000 and $628,500.
8. ManCave
This is yet another men’s hair care salon that has gone viral in recent times. They offer everything and more. Interested investors and entrepreneurs can dive into this franchising opportunity with a $40,000 franchising fee in their pocket. The franchise requires an initial investment of between $139,500 and $190,500.
9. Cookie Cutters Haircuts for Kids
This franchise has niched down to address the needs of kids. They understand that it can be hard to care for kids and groom their hair. Getting into this franchise costs thousands of dollars. They, however, boast of making 25.6% net profit on their units.
Join their family of over 114 franchise units in the United States.
10. Image Studios 360
One of the new additions to the big franchise names in the hair salon industry. Established in 2010, they have grown over the years and are now open to investors. The franchising opportunity comes with a $500,000 clause and a $49,750 franchising fee.
11. Floyd’s 99 Barbershop
If you thought this belonged to Floyd Mayweather, you’re wrong. It offers men’s and women’s hair care services and has been around for a while. Details about getting into this franchise may be a bit sketchy; however, it costs thousands of dollars in franchising fees and initial investment capital.
12. Phenix Salon Suites
Established in 2007, Phenix Salon Suites has grown to over 230 locations across the United States. Getting into this franchise requires an initial investment capital ranging between $301,000 and $1,380,000.
13. Fantastic Sam’s
Fantastic Sam’s has been rated among the top 500 franchises in the United States. Its requirements include a net worth of no less than $500,000 and an initial investment ranging between $144,862 and $316,606.
14. V’s Barbershop
With an initial franchising fee of $30,000, you could be a part of V’s Barbershop franchise. You qualify for a discount if you own multiple outlets.
15. Blo Blow Dry Bar
With over 130 locations across North America, Blo Blow Dry Bar requires an initial investment capital of between $242,823 and $3767,102.
