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The Suite Phenomenon
Manage episode 425601876 series 3582371
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Salon suites are low risk options to salon ownership without a huge commitment. Why are there so many salon suites popping up? Private Equity Investment
Folks who have never touched hair a day in their lives are determining the places where you work. The explosion of suites will not go away because it is a huge investment arena.
Summary
The beauty industry is experiencing a shift towards salon suites, where individual stylists rent their own mini salons. This trend is driven by factors such as the high cost and requirements of commercial rents, discrimination in commercial leasing, the convenience and aesthetics of salon suites, and the marketing pitches from salon suite companies. Private equity firms are investing heavily in salon suite businesses, fueling their growth and expansion. This shift has significant implications for hairstylists and the industry as a whole.
Takeaways
- Salon suites are becoming increasingly popular among hairstylists due to factors such as high commercial rents and discrimination in commercial leasing.
- Salon suite companies market the convenience and aesthetics of their spaces, but stylists must still cover the costs of rent and supplies.
- Private equity firms are investing heavily in salon suite businesses, driving their growth and expansion.
- The shift towards salon suites has significant implications for hairstylists and the beauty industry as a whole.
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