Question

Consider the following two businesses:

• Beauty Salon
• Restaurant

Explore Industry Canada website, online reports, and other possible resources. Prepare an analysis to compare the two businesses in terms of revenue, growth, profitability, return on interest, attractiveness for investors and so on.

Make sure your report is presentable, with proper referencing, and accurate numbers.

Submit your report in MS word format.

Answer 1

Beauty Salon:- with the online services many mall scale beauty salons are now abe to sell their products and supplements to their customers.This is not only increasing their sales in canada but also in all over the world. There are two type of beauty salons i.e, all-inclusive salons and speciality salons. all-inclusive salons are one stop beauty shop that tare offering everything from hairstyle services to mail and cosmetics services. These kinds if services are given to those customers who lines in less crowded areas and need to travel long distance from their beauty needs. other salons are speciality salons that are getting popular in canada very quickly. They are targeting the people of well settled areas and try to charge the highest rates with high-quality services. The investment in the salon industry is getting higher and higher day by day. Their expectations of return form that investment is also increasing to the owners of the salons.People feel relaxing to visit the salons and spend their leisure time over theirs. Salons are presenting their things all in new ways to make the customers attract to them. These all factors are leading as attractive features for the investor to invest in salon industry.

Restaurants:- there is basically two type of restaurants i.e, full-service restaurants and kinited service restaurants. In full-service restaurants customers pay after having the meals while sitting in the restaurant. While in limited services restaurants, the payment is dome before having the meal by the customers. In this type of restaurants the food is mostly delivered to the customers at their location. This industry is having mature industrial phase, low concentration high competition, medium barriers to entry, and high - medium regulations. full-service restaurants are boosting and result in increasing the corporate profits. This leads to the increase in investments anf high returns in investment as well. hight returns always attract investors to invest. In restaurants many investors are taking interest and the rate of investment is increasing very rapidly.