Does anyone here have any experience with kids hair salon franchise ? My wife wants to get out of her day job. One of our family friends acquired had kids salon in an upscale area and he opened another one in nearby expensive zipcode. I dont know his numbers but he always tells he is doing really good. None of those are franchise. He is also managing both as side.
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A man usually goes to the same barber he went to as a kid. That barber was cutting a kid’s hair, and the next customer would be a senior.
My question is, what value does a kids salon bring.
Would you take your 3 yrs old daughter to a barber if u r making 300k a year
How many people you know making 300k?
It’s all about the demographics. Kids salon won’t work in 60k housing income demographics.
The only “kid’s” salons available as a franchise are NOT targeting $300k/ year families. They’re the equivalent of Great Clips. They attract nothing but rookie and/ or bottom of the barrel stylists. The prices are dirt cheap because the stylists aren’t experienced and they make shit money. You’re acting like it’s the top of the market when it’s the literal bottom.
I’m not trying to argue about any of this. I’ve been in the business as a multiple shop owner and consultant for a long time.
I did not understand what u mean by top of the market
Hair franchises are kind of tricky, kids hair salons are even trickier. Hairstylists would never buy a franchise and loose control, the audience that buy hair franchises are not hairstylists that can jump in to fill when somebody quits or call out and trust me, the type of hairstylists that work at chain salons do all the time. The industry itself already has high turnover, most hairstylists do not like doing kids hair either. You are correct as kids hair salons typically only work in more affluent zip codes, but at some point Timmy is grown and can’t fit inside the spaceship seat anymore or parents decide its time to take their kid to get an actual decent haircut elsewhere since they can afford to, the kids salon was more just a place that welcomes their screaming child and offer to blow bubbles in their face and keep them distracted. For reference, the hair franchise I knew had to make 6k a week to break even, hair franchises usually average 10-15% profit, imagine how many heads you need to cut, they eventually close because they couldn’t keep returning customers since quality at chain salons are bad or get staff to show up and you only collect revenue when there’s body to be there to provide services. Your friend aquired an existing salon so maybe system and clients were already in place.