Selling retail products can add higher revenues to your bottom line without the labor costs associated with services. Improving barbershop or salon sales is a good way to improve your profitability with add-on sales after getting their hair cut or spa treatment, as well as continuing sales to replace used products.
Products keep your clients coming back. Studies show that if a client buys a product, there is over a 90% chance that they’ll return to the shop where he made the purchase! They’re not sure who else sells that product he loves, but they know they can get it from you. Sell them a product that works for them and gives them results, and they are more likely to make an appointment with you again.
We are specifically reaching out to local Barber Shops, Male and Female Oriented Spas/Grooming destinations, and beauty centers who may offer intimate grooming services.
Our team seeks owner/operators who are interested in retailing professional skincare and hair products who understand and recognize this revenue vertical as an important strategy for retaining clients and generating additional profits.
We are interested in partnering with businesses who offer a wide range of skin and hair products in order to address consumers grooming needs in one convenient location.
Global skin care alone is a $111 billion market, making up 28% of the beauty and personal care market. North America makes up 14% of sales. The North American market has reached new heights. In 2009, skin care sales were $12.9 billion. In 2014, it was $15.3 billion. Total growth from 2009 to 2014 was $2.4 billion.
This growth is being driven in part by a generally increasing awareness of the importance of skin care, but also specifically due to an increase in the market for men. The Men’s Grooming Industry is booming, estimated to bring in over $21 Billion in 2016.
In 2007, a record breaking rise in sales receipts from barbershops and male targeted salons for retail products exceeded $500 million. This being largely due to an increase in high profile males now promoting their own personal skin care and grooming habits and products.