Industry Analysis & Industry Trends
Shiny and smooth
The Personal Waxing and Nail Salons industry remained strong through the recession by increasing its product offerings, which also helped it maintain its profit margins. The industry is highly fragmented, with 95.0% of its salons operating just one location; this trend will continue as more salons enter the industry as profit rises. On the other hand, external competition and increasing regulations will pose a threat to industry growth.... purchase to read more
Industry Report - Starting a New Business Chapter
The Personal Waxing and Nail Salons industry has low barriers to entry. The industry is in the growth stage of its economic life cycle; companies are entering due to consumers' demand for higher-value treatments and new service offerings. Competition within the industry is high and increasing, since there are a significant number of operators with little market share.
Start-up costs vary depending on the scale of operations. New businesses need to secure a rental space and manicure, pedicure or waxing tables and chairs. Nail salons also need to invest in drying equipment, tools, and sterilization equipment. Industry salons may also require specialized facial equipment such as facial steamers if they offer additional skin care services. Inv... purchase to read more