Trends and Facts About Health & Beauty Franchises
The Health & Beauty sector is a multi-billion dollar industry, covering the world of fitness and the hugely profitable cosmetics business.
If you’re a fitness instructor, yoga teacher, pilates tutor, or personal trainer, the fitness industry provides an endless supply of customers who want to get into shape and prolong their lives with a health regime.
If you’re passionate about cosmetics, there are hundreds of internationally renowned brands just waiting for new partners.
Health and beauty is a thriving sector. Check out our great selection of franchise choices.
Franchising is one of the most stable approaches to going into business for yourself.
Working with established branding negates the risks associated with starting up a new business from scratch. Franchising allows you to develop your new business by benefitting from the reputation of existing, trusted companies.
Franchises offer a trustworthy track record of profit and healthy, sustainable growth. Additionally, the design and branding are already in place - ready for you to take the reigns.
Franchising offers access to often difficult-to-penetrate markets. The market research for customer penetration is all done, making the franchise model an excellent prospect for anyone ready to embark on their new business journey.
If you're a first-time business owner, franchising offers greater security for the future of your company.
Banks Lend To Franchises
Banks usually believe that businesses taking on franchises are more likely to produce a return on their investment. Franchises have a track record of profit and expansion, which reassures the lender that there's inherent stability in the business.
Private investors and banks alike consider franchises less of a financial risk. This is because they come with:
- A history of sustained profit and a record of growth
- A proven business model built on efficiency
- Future potential.
- Revenue from the health and beauty industries in Asia is projected to be over $192 million in 2020.
- There’s a 4.5% year-on-year growth rate in the beauty & personal care sector in Asia.
- The average revenue per person throughout the entirety of the Asian continent in 2020 is expected to be almost $44, with an annual growth rate of 3.6%.
- Asia is a rising star in the economic world (in terms of GDP), bringing in an astounding $65.5 trillion in 2019.
What types of businesses can I find in health and beauty franchises?The health and beauty sector encompasses a vast array of business types, including:
- Cosmetics supply
- Skincare products
- Make-up artistes
- Hairdressing and training
- Image consultancy
- Fitness centers
- Mobile beauty services
- Nail salons
- Health spas
- Fitness instructors
- Health consultancies
As you can see, there's enormous potential in health and beauty, with a ready-made market of consumers, eager to engage with your business.
Franchise vs. Independent
Your customers want reassurance that you can provide value for money and excellent customer service. When given a choice between a brand they recognize and one that they don't, consumers are more likely to rely on a name they know and already trust. This is what makes franchising such an attractive prospect for people going into business.
Nearly half of all independent start-ups go bust within the first two years because they struggle to establish their business in a crowded marketplace.
Franchising, however, provides a much more stable path for growing a business.
Explore our health and beauty franchises and start your new business today.
Purchase a franchise today from Franchise Direct.