Ireland's top 10 lucrative salon locations revealed
The ten most lucrative Irish counties where you should run a salon or spa have been revealed.
According to research conducted by Phorest Salon Software, taken from a sample of 1,000 of Ireland's salons and spas, Monaghan, one of the country's largest cities, tops the chart with salons located there making an average of €481,534 in revenue over the last 12 months.
This is followed by Limerick, with salons there taking in an average of €466,659, followed by Dublin in third place with average revenues of €463,394.
Completing the top 10 are Westmeath (€449,941), Cork (€418,415), Donegal (€401,095), Kerry (€399,340), Carlow (€392,680), Louth (€389,299) and Kildare (€374,268).
Most lucrative locations to run a salon or spa
Commenting on the findings, Ronan Perceval, CEO of Phorest Salon Software, says:
“We hope this information helps would-be salon owners to see if they can afford to take the plunge and open a salon in their city, or current salon owners to find the right spot to expand. Of course revenue is only one side of profitability - you also need to take into account costs like rent and salaries in each county to make sure it works for you - but knowing the average revenue you can expect can help you work out the kind of rent and other overheads you can afford.”
“While it may come as a surprise to some that a bigger city like Dublin or Cork didn't top the list, it just goes to show the importance of local salon businesses to their communities and the people who live there - something we see every day from our clients and their customers.”