Paul Mitchell Schools Are a Hot Franchise
Paul Mitchell School makes Franchise Times hottest franchise list
Behindthechair.com is reporting that that the Paul Mitchell beauty school franchise is on the “Fast 55” a list of the fastest-growing young franchises according to Franchise Times Magazine.
This comes as no surprise to me as the Paul Mitchell organization is not only a top Brand in the hair care product business, but they are one of the best managed companies in the cosmetology industry. They continually win awards and accolades for their cutting edge styles and technology from my hair stylist friends in the industry, and we are a tough bunch to please. The Paul Mitchell partner schools are known for their community involvement and philanthropic endeavors, having raised in excess of $3 million for various causes and charities.
Paul Mitchell has more 100 hundred schools across the country. The Paul Mitchell schools franchise was named #1 in the Top 50 Franchises-Midsize category by Franchise Business Review in 2010 and is #1 in the Category of Health and Beauty. They have received two 2011 Franchise Satisfaction Awards from Franchise Business Review.
The Paul Mitchell School prepares students in the art of hair design, hair cutting, hair color, texture and makeup. Students pay about $17,000 for the program which typically takes about 1,600 hours and with many schools running a capacity of 200 or more students per year the economics are attractive.
The booming beauty school business is bringing out the big guns. Brands like Paul Mitchell, Aveda and Regis have a decided advantage in that they can attract students who otherwise wouldn’t have considered cosmetology as a career. Students who are trained in these brand name schools are in demand and are being actively recruited in the high end salons where fees are the most lucrative.
A beauty school is one of the steadiest businesses I can think of, no such thing as a recession our business and there has always been a shortage of hair stylists as long as I have been in the industry.
My hubby Gary has spent many years in the franchise business and knows franchising, when I showed him this article while I was writing it, he instantly said “that is an out-of-the-park home run” in fact, he suggested I look into it as a new business venture (as if I needed one more thing on my plate).
For more information check out the Paul Mitchell Partner Schools website.
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