Nottingham and Milton Keynes best places in the UK to open a hair or beauty salon
Despite all of the uncertainty caused by the coronavirus pandemic, 11,841 new businesses were formed in the hair and beauty sector in the UK in 2021 – at a rate of 1,076 openings per month, found new research in The Entrepreneurial Spirit of the UK report.
Using Companies House and Google search data, Yell Business’s research also revealed the key areas to start-up a hair or beauty business, which include Milton Keynes, Oxford, Nottingham and Northampton, which showed in the data significantly higher demand than supply for several hair and beauty services.
The best locations to open a waxing salon (based on searches per listing):
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Nottingham (16.65)
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Milton Keynes (16.52)
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Oldham (16.00)
The best locations to open a hair salon (based on searches per listing):
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Oxford (86.39)
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Milton Keynes (84.59)
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Nottingham (73.11)
In total, there was an average of 13% more new businesses (across all industries) founded each month in the UK in 2021 than during pre-pandemic 2019, with the hair and beauty sector contributing significantly.
This growth in the industry isn’t surprising as other analysis of the hair and beauty sector has revealed that client spend on high-end skincare post-pandemic is up, as well as a growth of micro-businesses in specific categories.
The findings also highlighted which areas of the UK had seen the highest number of businesses launched per capita, and somewhat surprisingly, the Welsh coastal town of Llandudno ranked as the most entrepreneurial location, showing that big business doesn’t just start in the city.
“With the challenges of the past two years, we might expect to find that fewer people were deciding to take the leap into the world of starting and running their own business,” said Claire Miles, chief executive officer of Yell.
“However, the data clearly shows that it has potentially inspired more people to take ownership of what they do for a living and finally make the dream of running their own business come true.”
Read The Entrepreneurial Spirit of the UK report now.
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