Considering opening a business in the vast and growing beauty industry? Here are some insider tips about what to look for before you invest in a beauty franchise.
CHOOSE YOUR MARKET
Different sectors of the beauty industry will hold value for you, both in terms of financial potential and personal benefits. Whether you choose to open a full-service spa, a hair salon, or a waxing studio, each category has different things to offer, and your choice may depend on both your own professional background and a number of other factors.
By choosing a business with a unique focus, you will be able to hone your skills as a specialized provider within a broad market, making your store a trusted location for customers seeking an experience only you can offer.
A SMART INVESTMENT
Accounting for over $11 billion in sales annually within the larger beauty industry, waxing is a lucrative and attractive investment for first-time business owners and seasoned entrepreneurs alike. Increasingly, customers consider waxing to be a part of their regular self-care routines, making it an essential business in an otherwise unpredictable marketplace.
UNPARALLELED SUPPORT
The right franchisor knows that their overall success is directly tied to yours. Your franchisor should provide you with opening and ongoing training and assistance for whatever issues may arise. The right franchisor is prepared to train inexperienced and well-versed beauty business owners alike in the techniques and operational methods of the brand to best optimize customer service and everyone’s potential for success.
A BRAND THAT PEOPLE TRUST
One of the greatest things about buying a beauty franchise is taking the time to find a brand that has already established an amazing reputation that will have customers lining up at your door on opening day. Uni K Wax is proud to have made its mark as the nation’s first-ever waxing-only studio concept back in 1993 and continues building its celebrated brand with franchisees across the country for almost 30 years on.
STRONG NETWORK
When investing in a franchise, you’re not just buying a brand name but also the backing of a network of fellow franchisees who can serve as sounding boards and teachers as you begin your new business venture.
QUALITY WORK-LIFE BALANCE
The right franchisor will afford you the ability to pursue your professional goals while maintaining a happy and healthy personal life, whatever that may look like for you. Uni K Wax prioritizes franchisees’ ability to be their own bosses, operating within a proven business model that provides support and flexibility — a structure hard to come by for independent business owners.
A PRODUCT OR SERVICE TO BELIEVE IN
It’s a simple question but sometimes overlooked by investors: Would I frequent this business? A beauty franchise may present as a promising opportunity, but if they aren’t offering something that you, yourself, want or need (or someone you know would), the likelihood that others will feel strongly about it is probably slim.
Studies show that investors are most successful when committing to businesses they truly believe in. If you are excited about your brand, that enthusiasm will translate to the customers, and they will keep coming back.
UNI K WAX: A BEAUTY FRANCHISE APART
Uni K Wax revolutionized the waxing industry back in 1993 and continues to be a stand-out in the massive beauty industry to this day, with no signs of slowing down. Prioritizing both customer service and franchisee support makes Uni K Wax an unmatched leader in a market overwhelmed by other lackluster options.
If you would like to learn more about Uni K Wax franchising opportunities in your area, please visit us.