Highly profitable businesses often serve needs rather than wants. Even though beauty is a “want” instead of a “need,” you might be surprised how much people will sacrifice to get the beauty treatments they crave.
Because most beauty treatments need to be applied regularly, beauty businesses deliver strong recurring revenue. Either patients come in for multiple treatments per year, or they buy subscriptions for ongoing services.
Today, the beauty industry in the US is estimated to be roughly $50 billion.
Most beauty businesses that I see are run by semi-absentee owners, although you can also be an owner-operator if you prefer. Beauty businesses include massage therapists, med spas, weight loss and hyper wellness programs, CoolSculpting providers, and many others.
If you’re interested in exploring this exciting and profitable industry, schedule a free call. I’m happy to learn more about your objectives and walk you through options. At no time are you under any payment obligation during our consultations.
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