The North American Industry Classification (NAICS) code for the Beauty Salon industry is 812112. This includes establishments that perform cutting, trimming, shampooing, coloring, waving, or styling hair, providing facials and/or applying makeup. These establishments are called beauty parlors or shops, facial salons or shops, combined beauty and barber shops, hairdressing salons or shops, cosmetology salons or shops, and unisex or women’s hair stylist shops. The code for Youth Development NTEE is O50, which is the code for “organizations that clearly provide youth development services”.
IBISWorld reported, “the market size of the Hair Salons industry in the US has grown 1.2% per year on average between 2015 and 2020” (IBISWorld.com, 2019). According to Barnes Reports’ 2019 US Industry & Market Report on Beauty Salons Industry, there are a total of 307,009 salons total in the United States and 8,863 in the state of Michigan alone (Barnes Report, 2019). The number of salons in the state of Michigan indicates that there is viable opportunity for youth to further themselves in the specific industry my proposed venture exposes them to after programing. Also, with our industry experience we can directly link them into some of these salons. In the Detroit-Warren-Dearborn Metropolitan area there are 4,533 salons.
Works Cited
“Barnes Reports: Beauty Salons Industry (NAICS 812112).” United States Beauty Salons Industry Report, Jan. 2019, pp. 1–196. EBSCOhost, search.ebscohost.com/login.aspx?direct=true&db=bth&AN=134046923&site=ehost-live&scope=site.
Haider, Z. (2019). IBISWorld Industry Report. Hair Salons in the US Market Size 2003-2025. Retrieved February 23, 2020 from IBISWorld database.
Leagues, NCCS Business. "501 (c)(3) Business Leagues." (2017).
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