Loaf Hairstylists achieve turnover of £220,000 in their 1st year
Loaf Hairstylists, with their Channel 4 documentary behind them, managed to attain a turnover of £220,000 in their 1st year. This has provided them a great business opportunity in the franchise market.
According to Craig Wilson, these figures are guides and there is always the potential to turnover more or less. It depends upon the person who runs the franchise. He also added that they understand how the business works and are aware about the type of people that suit this opportunity. This opportunity will improve their chances of expanding their business.
For owning a franchise, it is not important that the person should have hair dressing experience as the training is provided by Loaf Hairstylists. There are particular qualities that can be identified as important in making Loaf Hairstylists franchise a success and this includes confidence and a flair for fashion.
The initial Loaf Hairstylists franchise joining fee is £7,500 and franchisees will require access to £60,000 plus working capital for fitting out the salon, purchasing opening stock, organising legal fess and obtaining specialist Loaf Hairstylists training.
Craig also said that they are looking for individuals who are interested in hair dressing, fashion and those who really appreciate good service.
Founders of Loaf Hairstylists, Craig and his business partner Richard Darlow have different backgrounds and their previous experience show that people from varied backgrounds can make this business a success.