Starting a beauty and cosmetics franchise can be fun for people who love the glamor and hype of makeup, fashion, and skincare. Before you sign that franchise agreement, learn more about beauty franchises and alternatives with better work-life balance.
A Cut Above
After a hitch in sales following the onset of the pandemic, beauty franchises are thriving. Remote work and hybrid schedules are making it easier for Americans to make health and wellness a priority. Finding work-life balance is enabling people to take time for self-care, giving the personal care industry a boost. Franchises in the personal care category are projected to lead growth in the franchise industry in 2022, according to the International Franchise Association. Franchises in the beauty segment are slated to grow by 3.1% to 117,594 locations. The economic output of personal care franchises is forecast to rise 10.1% to $39.6 million as people resume pre-pandemic levels of spending.
Opening a beauty or cosmetics franchise allows people to pursue their passion with a respected brand and successful system. Franchise owners take advantage of lower equipment costs, training, and marketing guidance. They provide a personalized service and offer customers an experience designed to improve confidence and spark joy.
Pitfalls to Beauty Franchises
Before you start plugging in curling irons and stocking up on cosmetics, there is a downside to owning a personal care franchise. To run a successful beauty franchise, you can expect to work a grueling schedule. Salons may need to be open at least six days a week with both daytime and evening hours to cater to the busy lives of your customers.
To open up shop, you’ll need to find a high-traffic storefront and dependable employees. A beauty franchise owner also needs to build a loyal customer base to stay afloat by launching a robust, omnichannel marketing campaign. As a result, they require a high upfront investment that may make a personal care business out of reach for many budding entrepreneurs.
Wedding Franchise Ticks All the Boxes
If the high cost and long hours associated with a beauty franchise are causing premature wrinkles, there is a better solution. There are many profitable franchise opportunities for people who prioritize elegance, glamor, and emotional connection.
A Complete Weddings + Events franchise allows you to be part of a couple’s happily-ever-after story and achieve work-life balance. Complete Weddings + Events is an all-in-one wedding and event planning franchise with more than 50 years of experience helping people create memories. Its home-based franchise owners get to let their creative spirit shine as they help people plan for a special occasion.
With low startup costs of just $56,820-, Complete Weddings + Events franchise owners gain access to the $72 billion wedding industry. Couples are willing to open their wallet to make their fairytale come to life. The average American engagement ring is $6,000, and the average cost for an American wedding is $28,000, according to The Knot, an online wedding resource. And there were approximately 1.9 million weddings in 2021.
Complete Weddings + Events helps couples find the right event or wedding photographer, videographer, and DJ for the big day. They also offer photo booths and lighting rentals. Last year, couples spent at least $1.2 billion on DJs for their weddings alone. In addition to weddings, the company’s event planners can help throw epic parties to celebrate any occasion and facilitate corporate events.
The support team at Complete Weddings + Events provides new entrepreneurs with the franchise training and guidance they need to run a profitable event planning business. Their support team includes event planning veterans and specialists in sales, branding, operations, and post-production to ensure you have the necessary tools to provide stellar customer service.
