Men Salons Have a Big Future
Men Salons . . . I can’t believe nobody has taken this concept national . . . it is a real winner
Looking for a new business opportunity? Back on July 3rd I wrote New men salons about a mens salon concept.“Men Salons” Looks like this concept is catching on across the country, but nobody has gone national yet. I can’t believe my friend Ray Barton CEO, at Great Clips, or one of their competitors in the franchise side of the hair styling business, hasn’t gone national with men salons. Maybe they know something I don’t about that market. But I’ll tell you this if I hear about somebody going public with a men salons only concept, I’ll be on the phone with my stockbroker in a heart beat.
Now comes this article from the Los Angeles Times of another local men salon that has done very well in the Los Angeles market. This article goes on to give a summary of what is going on nationally in the men’s hair styling side of our business.
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Men Salon give haircuts with style THE LOS ANGELES TIMES LOS ANGELES - Rob Reed needed a haircut. But the only time the 35-year-old could get one was on a Sunday afternoon, when the Los Angeles Lakers were playing. So he left his home at halftime, thinking that he’d be back before the game ended. The local branch of a chain salon could give him a cheap haircut, but it wasn’t quick — he missed the second half of the game. That experience got him thinking: There are millions of hair salons that cater to women — why not men salons? Four years later, Reed is an owner of Major League Trim, with six barber stations, each with its own 13-inch TV and access to the cable sports stations. It has paintings and photos of sports legends on the walls. A life-size bobblehead of Shaquille O’Neal stands in one corner. Major League Trim, which opened five months ago, is one of several themed men salons in Southern California that cater primarily to men who are wary of unisex hair salons and find traditional barbershops old-fashioned. “This is geared toward guys,” said Jess Cortez, 32, who was getting a haircut recently. “Most of the hair stylists at normal hair salons don’t know how to do a fade. It’s all for women. There aren’t any men’s magazines.” Recent arrivals in Los Angeles include not only the sports-bar look but also places that masquerade as a gentleman’s club and a rock music club. There was even one with a gas station theme that is closed. These independent have salons are just a sliver of the vast hair-care services industry that in 2005 had revenue of $45.7 billion, according to Professional Consultants & Resources, a Plano, Texas-based company that specializes in the professional hair salon and beauty industries. Chain salons — companies with many branches such as Supercuts and Fantastic Sams — account for $10 billion of the sales in 2005, according to Professional Consultants. The remainder comes from mom-and-pop operations like Reed’s salon. Many of the independent hair salons are run by full-timers. Other owners see their businesses as an opportunity to earn extra income. Reed, for example, has a day job as an executive at a sports and entertainment company. |
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