Cut-and-dry business (5)
I believe the answer is:
salon
'cut-and-dry business' is the definition.
(I've seen this in another clue)
This is all the clue.
(Other definitions for salon that I've seen before include "Establishment of beauty specialist or hairdresser" , "where cuts are commonplace" , "Hairdresser's shop" , "Establishment of, say, beauty specialist" , "Loans given to hairdressing establishment" .)