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Hair and Nail Salons, Beauty Salons, and Barber Shops

SIC 7230 | NAICS 812110

The following guide to industry information, research, and analysis provides sources for industry trends and statistics, financial ratios, salary surveys, and more.


Select from the following sections or scroll below to view available resources:

Industry Analysis, Statistics, Trends, and Forecasts

Financial Information and Financial Ratios

Compensation and Salary Surveys

Business Valuation Resources


For guides to other industries, see our index of over 400 industries.




Industry Analysis, Statistics, Trends, and Forecasts


Hair and Nail Salons  (view report)
Personal Waxing and Nail Salons  (view report)

Comprehensive research reports provide in-depth industry analysis and five-year growth forecasts, with special focus on the underlying structure and external forces and relationships that affect industries and their performance. Report contents include:

  • Key statistics
  • Market size and characteristics
  • Current performance
  • Competitive landscape
  • Major companies
  • Key risk and success factors
  • Five-year growth forecast


Bobit Business Media
Salon Today
http://www.salontoday.com/

Monthly trade journal provides news and information for salon owners and managers with a primary focus on business and technology topics, and features a team of industry experts that offer advice on a variety of business-related topics including salon design, leadership, marketing, social media, compensation, and personnel development. Digital editions of the magazine are available online.


First Research

Hair Care Services
http://www.firstresearch.com
First Research profiles cover key aspects of an industry's size, scope, and operations, and include a five-year revenue growth forecast. Profiles are updated quarterly and include:
  • Industry overview
  • Recent developments
  • Critical issues and challenges
  • Business trends and opportunities
  • Executive insights
  • Financial benchmarking data
  • Five-year growth forecast


Questex Media Group
American Salon Magazine
http://www.americansalon.com/

Monthly trade publication features news and information for salon owners and managers, with topics covered in the business section of its website including career, management, marketing, retail, and decor/design and regular magazine features including the "Better Business" section  that provides readers with tips on how to improve salon sales and profitability and profiles successful operators.


NAILS Magazine
Information resources available from this organization include:

NAILS Magazine
http://www.nailsmag.com/
Monthly trade journal features news and information for nail care professionals, with topics covered in its business section including business management, marketing and promotions, customer service, retail, money matters, and operator profiles, and with special features including the "The Big Book" supplement published in November that provides an in-depth statistical look at the nail care business.

The Big Book
http://www.nailsmag.com/
Annual study provides an in-depth statistical look at the nail care business, with topics covered in the study including nail technician demographics, types of services offered, average service prices, best selling retail products, client demographics, number of clients served per week, and average income per week. Statistical sections from current and archived editions of the study are available free online.


Professional Beauty Association
Information resources available from this trade association include:

National Salon/Spa Industry Profile
https://probeauty.org/
National profile provides an overview of the industry based on statistical data from the U.S. Bureau of Labor Statistics and U.S. Census Bureau, with data provided in the profile including number of firms, sales volume, employment, and weekly hours. State and U.S. Congressional district profiles are also available by state or district for all 50 states, 435 Congressional districts, and the District of Columbia.

National Salon/Spa Industry Tracking Survey
https://probeauty.org/
Quarterly survey of salon/spa owners and managers provides detailed analysis of demographic and economic trends affecting the industry, with topics covered in the survey including service and retail sales, customer traffic flow, back bar costs, service pricing, employee staffing levels, hours worked, and capital spending, and with survey data broken out by sales volume and other selected criteria.

Salon/Spa Performance Index
https://probeauty.org/
Quarterly composite index based on responses to the national industry tracking survey discussed above measures the health of the industry in terms of both current conditions and expectations in relationship to a base level of 100, with an index value above 100 indicating a period of expansion for this sector and an index value below 100 representing a period of contraction for this sector.




Financial Benchmarking Data


Industry Financial Ratios
Hair and Nail Salons, Beauty Salons, and Barber Shops
http://www.bizminer.com  Search for "81211"
Five-year financial statement analysis includes income statements, balance sheets, and key financial ratios, with data available by sales size range on a national, state, and metro area level.
  • Income and expense detail in dollars and percentages
  • Balance sheets in dollars and percentages
  • Cash flow analysis
  • Liquidity and working capital ratios
  • Profitability and return on investment ratios
  • Asset turnover and efficiency ratios
  • Capital structure and debt service ratios


First Research

Hair Care Services
http://www.firstresearch.com

Financial information section of this profile provides income statement and balance sheet data and key financial ratios by company size based on annual revenue for companies that provide services such as shampooing, cutting, coloring, and styling hair; manicures, pedicures, nail extensions, and nail polishing and artwork; and application of temporary makeup, facials, masks, and body wraps.




Compensation Surveys


U.S. Bureau of Labor Statistics
Personal Care Services
http://www.bls.gov/oes/

Annual employment and wage survey provides hourly and annual wage data for persons employed in the personal care services sector that provide hair, nail, and skin care services, with data reported on a national, state, and metropolitan area basis for the following job categories: barbers; hairdressers, hairstylists, and cosmetologists; manicurists and pedicurists; shampooers; and skin care specialists.


PayScale
Hair and Beauty Salons
http://www.payscale.com/

Free online service provides median salary and hourly wage data for job positions in this personal care sector such as salon manager, hairstylist, hairdresser, and cosmetologist, with employers for which salary or hourly wage data is provided including Regis Corporation (d/b/a Regis, Supercuts, and SmartStyle), Fantastic Sams, Great Clips, Inc., Sports Clips, Inc., and Ratner Companies, LC.




Business Valuation Resources


Small Business Valuation Multiples

Hair, Nail, and Beauty Salons
http://valuationresources.com/

Comprehensive reference guide provides market-based business valuation multiples for companies that provide services such as shampooing, cutting, coloring, and styling hair; manicures, pedicures,  extensions, and nail polishing and artwork; and temporary makeup, facials, masks, and body wraps.


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