The average British woman spends a whopping £70,000 in her lifetime on products and services related to their appearance. The beauty business is booming and showing no signs of going anywhere other than up!
The business of looking good is a hugely lucrative sector of trade and industry. And companies that keep up with the latest trends enjoy fantastic profits and a loyal customer base.
The world of cosmetics covers a colossal range of products and services - from makeup and hairstyling to cosmetic procedures such as botox, liposuction, fillers, and a spectrum of weird and wonderful treatments designed to make us look younger and more beautiful.
Making a living from a cosmetics franchise offers a wonderful opportunity to surround yourself with fabulous products and people who express their eternal gratitude with their purses and wallets.
Remember that cosmetics franchises don't just supply to women. There's a burgeoning trend for male grooming products offering a rich assortment of beard oils, face creams, and a plethora of potions, lotions and tinctures designed to preen hair, body, and beard into fashionable perfection.
Franchising
Franchise businesses are perfect for anyone hoping to go into business for themselves. Attaching your new business to an established, recognisable brand is the ideal way to benefit from a ready-made customer base, with products and services that they already use and want more of.
The world of cosmetics is all about brand: people pay through the nose for premium products, so if profit margins are your principal concern, then a cosmetics franchise opportunity is an ideal partner.
Franchises offer world-class training to bring you up to expert-status so that you can advise your clients and sell more product.
Some of the most challenging aspects of being in business are the administrative and HR functionalities, as well as an overabundance of business and tax regulations; complicating an otherwise perfect profession. Again, this is where the parent company of your cosmetics franchise can jump in to help.
The parent company provides a range of support services, including compliance with appropriate regulations and a friendly ear for advice whenever you need it.
Facts About Cosmetic Franchises
The UK public has become increasingly ecologically responsible over the past couple of decades. Nearly a quarter of us think that our beauty regimes should have as minimal an impact on the environment as possible. At the same time, almost half of us demand "clean" products, containing no harmful chemicals.
The demand for vegan cosmetic products is driving the development of a whole new approach to cruelty-free beauty; both for women and men. "Plant-based" is the buzzword of the 2020s, forcing companies to consider how they produce, test, and deliver their premium products.
CBD is seeing a significant boom within the cosmetics franchise portfolio. Favouring natural remedies over pharmaceutical solutions, CBD and hemp is seeing its zenith; currently valued at £300 million in the UK, with the expectation that that value is likely to triple by 2025.
The beauty industry contributed almost £28.5 billion to the UK economy in 2018, making it one of the UK’s most thriving sectors of commerce.
Want a piece of that? Act now, and check out our selection of fabulous cosmetics franchises.
Franchising Vs Independent
Banks and moneylenders often favour franchising because the foundations of the business are built on a proven track record of profit, sustainability, and financial viability.
In addition, banks and moneylenders tend to favour franchise businesses because the company is built on proven infrastructure with a history of sustainable growth, turnover, and profit.
Independent companies often struggle to raise the start-up collateral they need because their business model has been so far unproven; making them more of a financial risk.
Additionally, independent companies have no former reputation (unlike franchises), so they often struggle to penetrate saturated marketplaces. Almost half of all independent companies find themselves in receivership within their first three years.
Franchises are built on more robust foundations. The parent company has proof of viability, so if you're considering going into business for yourself, a cosmetics franchise is the common-sense way into becoming your own boss.
Cosmetics Franchises
Explore our range of incredible cosmetics franchises, and paint the world a brighter shade of fabulous today!
Find your brand new start with Franchise Direct.