Buying into a franchise has many advantages over starting a business from scratch. Buying into an established brand with a tried-and-true business model is only the beginning. Proven Business Model If you’ve decided to go into business for yourself, you will likely be conducting a lot of research to see which market has the most […]
If you’re looking to get into the health and beauty industry, joining a franchise is a good way to get started. With multiple types of franchises, there are a lot of options to choose from to find the best one, or best ones, for you. One of these choices is a tanning franchise, providing customers […]
The self-care industry is on the rise – and that’s not just because of the COVID-19 pandemic and the lockdowns that occurred during 2020. It turns out that between 2019 and 2020, Google searches for self-care related inquiries skyrocketed by 250%! The market is only poised for continuous growth, making now the ideal time to […]
Just the facts. See how a LunchboxWax franchise compares head-to-head with Uni K Wax. THE SCOOP ON LUNCHBOXWAX LunchboxWax was founded in 2010 and began franchising three years later. The brand currently operates 52 locations. The brand draws its name from the idea that any busy professional can come in on their lunch hour, receive […]
Globally, the beauty industry has been strong. In 2020, the global beauty market was worth $483 billion. 2021 saw $511 billion. With a compound annual growth rate (CAGR) of 4.75% worldwide, the industry will be worth an estimated $716 billion by 2025 – and an incredible $784.6 billion by 2027! With the industry projected to […]
Multi-unit franchising is a great way to diversify your business portfolio and either cover a larger territory or buy into a complementary business. Expand Your Portfolio Multi-unit franchising has become a popular investment strategy in recent years. Through the combination of lower buy-in costs and opportunities for compounded financial gain, entrepreneurs are choosing to strengthen […]
For many, buying into a franchise means leaving behind a full-time job in exchange for the freedom and opportunity that business ownership can offer. Yet, some choose to buy a franchise while continuing along their original career path. Often termed semi-absentee ownership, this segment of franchise buyers put their trust in an on-site manager to […]
The ranks of corporate refugees are growing. The term was originally given to someone that had been downsized or displaced from a long-time corporate career. Through no fault of their own, they went from high-level, high-paying positions to unemployed in a flash — leaving their financial futures uncertain. Now a new type of worker is […]
The future is bright for the spa franchise industry. Consumers are focused on wellness and self-care more than ever — causing the spa franchise segment to boom rapidly, offering numerous opportunities to interested investors. “Spa” is a collective term for a variety of services such as facials, body massages, manicures, pedicures, body waxing, and others, […]
Once considered a novel concept, laser hair removal has broken into the mainstream. The market for this method of removing body hair is growing at an annual rate of 15.4 percent and is expected to reach over $3.9 billion by 2026. While those numbers suggest laser hair removal might be a potentially lucrative business, the […]