If you’re on the fence about whether or not to pull the trigger on owning a franchise this year, we’re here with some good news: the economic forecast for 2020 is looking up! 

 

According to key economic indicators, the US economic outlook is healthy. The most critical indicator is the gross domestic product, which measures the nation’s production output. The GDP growth rate is expected to remain between the 2% to 3% ideal range, while unemployment is expected to continue at the natural rate. This means we can expect to remain within this “Goldilocks” economy.  

 

Looking for even more reasons to own a Cherry Blow Dry Bar Franchise? As part of the $532 billion beauty industry, Cherry Blow Dry Bar is an expanding franchise that provides premium express services including blowouts, eyelash extensions, hair extensions, makeup services and treatments for a perfectly finished look, all at affordable prices through a unique membership model. 

 

Even better, the beauty industry is known to be resistant to economic downturns - even faring well during the Great Recession of 2008. Though consumers tend to be more price-conscious during those times, they do not stop spending. So in today’s environment of rising per capita incomes, the beauty business is booming.

 

If you are a business-minded entrepreneur with a commitment to succeed, we want to talk to you! Contact Us and a representative will be in touch. If you’d like to see the minimum requirements and have other questions answered before speaking with a representative, visit our FAQ page first.