The Beauty Boom Gets Bigger

Looking good has always been important across times and cultures, and this is something that will likely remain the same. It’s the age of lasting first impressions, and we are often perceived by the way we present ourselves. It isn’t surprising then that we have so many people around eager to do all they can to look better, and feel better – right from going to the gym, following healthy diets and pursuing a plethora of options to look and feel young. 

Being beautiful is in vogue 

Getting a regular facial, pedicure or a hair removal treatment is now de rigueur, and this can be seen through the rise in specialist salons across the country. This is well reflected in the growth charts of the Australian beauty industry, which is expected to grow at a CAGR of 3.87% in the next 5 years despite the global slowdown, as per a Mordor Intelligence report. There is not only a huge demand for specific cosmetic treatments, but we have also seen the target market expanding to men as well, making this industry one of brimming potential for anybody who wishes to be a part of it. 

Needless to say, investing in the beauty industry is going to a profitable investment without a sliver of doubt. Investing in a beauty business has very low chances of going south because people seek these services everywhere. The motivation to look their best will drive masses into your business. The profit margin of a beauty business is around 8.2% which is above the general markup for profit margins for most businesses. 

Buying a Beauty Business or Setting up One Afresh 

If you are passionate about the beauty industry, working your way in and up shouldn’t pose as a problem. But regardless, with or without passion, getting into the industry seems like a hassle to many. Despite the marvelous outcome of being a part of the industry and community, setting shop is a long and tedious process. It includes having to do a long list of things such as looking for the right geographical location for your business, hiring staff that you can trust to provide services to the best of their abilities, buying and moving all the equipment and instruments you might need for your business. And the most important is building a regular client list.  

These issues have one fix - buying a beauty business for sale! When you buy an already established beauty business for sale, it makes the entire process much easier because all that needs to be done has already been set in place – such as the location and retail setup, staff, equipment and even a ready clientele. In other words, when you buy a running business, you could get started as soon as you want! This is certainly a more pragmatic way of entering the industry. 

Despite the ease at which you will be able to procure and run a beauty business for sale, there are things that will require professional help. This is where we come in! We can help you find a beauty business that is a good fit for you, and makes a great deal too!

Are you thinking of selling your business?

Absolute Business Brokers will provide you with a market appraisal that will ensure you are getting the necessary information to put you in the right position to get your business sold.