How profitable is owning a Lakme salon franchise?
Owning a franchise of Lakme Salon is enormously profitable for any person. The return on investment which a franchisee can earn after running a Lakme franchise is around 18 to 25 percent. As per the information gained from the various websites available on the internet, the owner of a Lakme franchise will get a monthly profit of 95,000 rupees.
What is the return on investment of a Lakme franchise?
The return on investment which a franchisee can earn after running a Lakme franchise is around 18 to 25 percent. As per the information gained from the various websites available on the internet, the owner of a Lakme franchise will get a monthly profit of 95,000 rupees.
Is Lakme a profitable brand?
Lakme can be assured with the continuous phase of profitability, as the people always want a good high-quality brand. Lakme is not restricted to being the cosmetic brand only, but also it organizes along with fashion week as the renowned ‘Lakme Fashion Week’ from the year 2000.
How many Lakme Cosmetics franchise outlets are there in India?
The number of Lakme cosmetics franchise outlets comes to around 360 across the country with greater than 300 franchising partners. During the 16 th Franchise India Awards in 2018, Lakme Salon was given the award as ‘Franchisor of the Year’.
How much does a Lakme franchise cost in India?
The Franchisee will invest about Rs. 50 lacs to Rs. 60lacs as per your area specifications.
Which salon is best for franchise in India?
List of Top 10 Salon Franchise in India in 2022Jawed Habib Salon Franchise.Lakme Salon Franchise.Loreal Salon Franchise.Green Trends Salon Franchise.Toni and Guy Salon Franchise.Looks Salon Franchise.Shahnaz Husain Salon Franchise.B-blunt Salon Franchise.More items...•
How much does a salon franchise cost?
Most hair salon franchises charge between $20,000 to $50,000 for this. In return, you are able to use the company's brand name, their business systems, training materials, staff uniforms and anything else that they offer (such as a website, for example) to set up and market your salons.
How can I get franchise of VLCC?
VLCC SLIMMING, BEAUTY AND FITNESS CENTERArea Required 1800-2200 Sq. ... Franchise Fee INR 12,00,000 – 16,00,000.Equipment INR 18,00,000 – 20,00,000.Interiors & Fixtures INR 28,00,000 – 34,00,000.Miscellaneous Expense INR 50,000 – 1,00,000.Training Cost INR 50,000 – 1,00,000.Total Investment INR 60,00,000 – 62,00,000.More items...
Which franchise is best in low budget?
The best low-cost franchise businesses are usually in the retail, cafe, health care, entertainment, and education sectors....The Best Low-Cost Franchise Businesses—Himalayan Range. ... Bean Beans. ... Jugnoo. ... American Kidz. ... Cheops. ... Archies. ... Franchise of PMKVY. ... Scoop Amul.More items...•
Which franchise is best under 10 lakhs?
However, the fact of the matter is that there are countless franchise opportunities in India under ₹10 lakhs that can be set up in a short span of time and are accompanied by quick profitability....Why Choose Frankart Global?Rollfie.Fruktville.Purple Wok Co.One Bite.London Shakes.Pinehouse Cafe.Kathi Junction.Jux Pux.More items...
Is salon A Good Investment?
Is owning a hair salon profitable? The average salon makes $19,100 in profit every year. The average salon profit margin is 8.2% which is above the general business average of 7.7% and is improving year on year. Salon profit margin ranges from 2% to 17% depending on how well the salon is managed.
Can beauty salon make money?
Salons can earn an average profit margin of 8.2%, which is actually higher than the general business average of 7.7%. Of course, salons that are best managed can earn well above this average. A 10% profit margin is usually the minimum aim, though the better you can manage your salon finances, the higher this can be.
Is beauty salon profitable?
It would not be an overstatement to claim that the salon and spa industry is one of the most profitable business ventures in today's times, internationally as well as in India.
How much is a Lenskart franchise?
Investment Details An interested applicant is required to invest an amount of Rs. 25 Lakhs to Rs. 30 Lakhs and additionally brand fee of about Rs. 2,00,000.
What is cost of franchise of Lenskart?
A premium store for all cities in India. Investment 35-40 Lacs. Lenskart : what do you call it or should I say how you see it ?? A Brand, an eye wear company or a revolution in the eyewear industry with a moto to defeat vision defect!
Is Lenskart franchise profitable?
For any business, revenue and return are critical, so let's talk about the profit margin of the Lenskart franchise. Lenskart offers you a profit margin of 25% to 30%, excluding the 25% royalty fee. For example, if you sell ₹10 lakhs in a month, your net profit will be between ₹2.5 lakhs and ₹3 lakhs.
Which is the No 1 salon in India?
Naturals. Naturals, founded by Veena and her husband CK Kumaravel in 2000, is India's No. 1 unisex hair and beauty salon with a strong network of more than 650+ salons evenly spread across the country! It is one of the fastest growing chains of salons.
Which is the most profitable franchise in India?
Top 10 Profitable Franchise Business Opportunities in IndiaDomino's franchise store.Dr Lal Pathlab Franchise.FirstCry Franchise Store.VLCC Franchise Salon.Kidzee Franchise.Jockey Franchise Store.Delhivery.Lakme Salon Franchise.More items...•
Is opening a salon profitable in India?
It would not be an overstatement to claim that the salon and spa industry is one of the most profitable business ventures in today's times, internationally as well as in India. As per a survey conducted by the cosmetic industry, it has experienced a growth of almost 60% in the last 5 years itself.
Are salon franchises profitable?
Therefore, owning a salon franchise is a profitable business move. Here is the list of some top salon franchise in India.
How many square feet does a Lakme salon need?
The region of the outlet must be enough to accommodate all the equipment that is necessary to run the salon. The minimum needed area for a Lakme franchise is about 900 to 1,200 square feet.
How long has Lakme Salon been around?
Lakme Salon has been in existence for greater than 35 years since the launch in 1984. Since then, the company has spread across India with greater than 400 Lakme Salons in about 125 cities of the nation. Lakme Absolute Salon was also initiated by the company in the year 2012 which delivered state-of-the-art beauty services in metropolitan cities like Delhi, Mumbai, and Bangalore.
How to become a Lakme franchise owner?
There are few steps that a candidate should follow for being an owner of a Lakme franchise. The first thing that a person must do is to check the company’s official website. Then the person should choose the options associated with franchises and then complete an application form to apply the Lakme franchise. Personal and official details must be filled by the applicant in the application form. After completing the form, the candidate should submit it online. The support staff will check the entire application and chooses whether to consider the applicant or not.
When did Lakme Salon start franchising?
The company initiated the franchising of Lakme Salon in the year 1998 and continuously growing throughout the year. The number of Lakme cosmetics franchise outlets comes to around 360 across the country with greater than 300 franchising partners.
Is Lakme a good company in India?
And in this cosmetic industry, Lakme is a popular name in India. Amongst the plethora of high-quality products that are provided by Lakme Salons, the professional specialists of the organization comprehend what the clients wish and are able to adjust and create as per those needs and accordingly deliver products and services to the people. When we see the celebrity endorsements and their various awards and achievements of the company, it is hard to ignore the reality that from an investor’s perspective, Lakme is the perfect option in India in the group of cosmetics. I hope, this article has clearly explained all about how to get the Lakme salon franchise in India.
Is Lakme Salon a franchise?
During the 16 th Franchise India Awards in 2018, Lakme Salon was given the award as ‘Franchisor of the Year’. Lakme cosmetics franchise was also categorized among the Top 100 Franchise brands in India from Franchising World as it is India’s number one franchising magazine. Lakme Salon is India’s first and foremost beauty salon chain which delivers services associated with haircare, make-up, and skincare. The company holds a dedicated team of over 3500 trained professionals who are striving hard to deliver top-most quality services to their customers.
Is Lakme a cosmetics brand?
Today, Lakme stands to be number one among the various cosmetics brand in India.
What is Lakme Salon?
Lakme Salon provides training services to franchise to make dealer business a success. The consumer attraction to the store is one main thing one needs to have in the unit. Customer satisfaction is very important and will help them to come back later. So there are various ways and technical understandings done by the company. Services provided by the company are listed below.
What is Lakme cosmetics?
Lakme is a personal care industry and the topmost cosmetic brand in India. The name was derived from the renowned French opera called ‘Lakme’. It was founded in the year 1952, i.e. 67 years ago by Mr J.R.D. Tata. Lakme was a 100% subsidiary company of Tata Oil Mills. Later, in 1996 Tata sold their stakes to Hindustan Unilever Limited. Today, Lakme is servicing across over 50+ countries.
What is the wellness market?
Wellness market is such as cosmetic products and services and skin care treatment, this market is growing and bringing up ways for an entrepreneur to make the use of Lakme Salon Franchise.
How many square feet are needed for a salon?
For a salon like this, you require the space of around 900 to 1000 square ft. minimum of this area is mandatorily required for setting up the unit. The salon requirement also again differs according to the area you choose up to build the unit, but the minimum is 900. All the design equipment required for the ambience and the area for the customers’ needs to be well set up in the area by the unit.
Is Lakme a cosmetic brand?
Lakme can be assured with the continuous phase of profitability, as the people always want a good high-quality brand. Lakme is not restricted to being the cosmetic brand only, but also it organizes along with fashion week as the renowned ‘Lakme Fashion Week’ from the year 2000. The event is one of the controversial and famous fashion events in India.
Is Lakme Salon a franchise?
Although Lakme Salon Franchise has earned some positive reviews among the investors that said, there are many things to consider before owing a f ranchise of Lakme Salon in India. In other words, it is essential to make sure you do your ground work and understand the feasibility of the locations as locations of the salon hold a vital role in the success of Lakme Franchises.
Who is Kareena Kapoor?
Kareena Kapoor is a famous Bollywood Actress, who is the ambassador of the company. This helps in the brand endorsement, as India is a crazy fan of Bollywood and also Kareena Kapoor. The Human Resource team in the company is providing the training and support to the franchise which is done by the Lakme Salon Academy.
What is Lakmé beauty?
Lakmé is considered as pioneer in beauty brand in India. It has been the Women's choice for last 50 years. Even when beauty industry was not active Lakmé brand maintained its business and fulfilled requirements related to cosmetics for every woman. At present beauty, skin care, hair care in not only a luxury but became a basic requirement and play immense role in building confidence in every woman. This led to boom in beauty care industry and many top level brands are doing good business not only in India but even outside through franchise like Shehnaz Husain, Green Trend, Meghna Beauty Parlour etc. LakméLever was the first in beauty industry to start chain of salon to fulfill the demand of grooming and beauty care in modern woman.
How much does it cost to open a Lakmé salon?
The total investment or start up cost for Lakmé Salon franchise is about 55 to 60 lakhs which include franchise fee, interior decoration, furniture, fixture cost, and other basic costs required for salon. Other basic requirements include a minimum floor area of 900 to 1400 sq. feet and the area should be easily approachable and accessible and in main commercial or residential location.
What is the first beauty brand?
Whenever we think about any beauty brand the first one comes in our mind is Lakmé. If you want to explore the opportunity to get attached with this brand by starting franchise of Lakmé Salon, here you can get all the information regarding eligibility, requirements, cost and expected profit on investment on Lakmé Salon.
What is the Cost to Open a Lakme Salon Franchise Business in India?
The total investment in opening a Lakme Salon franchise is expected to be around 50 – 60 Lacs depending upon the location. The cost includes franchise fee, interior decoration, furniture, fixture cost, equipment required to start the salon.
When was Lakme Salon founded?
The birth of Lakme Salon goes way back in the early years of 1950. It is said that it is the first prime minister of India Pt. Jawaharlal Nehru who actually requested J.R.D Tata, the founder of the Tata Group in launching a cosmetic brand in India. In the year 1952, Lakme was born as a 100% subsidiary company of the Tata Oil Mills
Step 1
Lakmé Salon franchisees must be fully committed to the successful running of their business, and be willing to go over and above to offer superior service. We’re looking for individuals with integrity and ethics, who show initiative and resourcefulness.
Step 2
To begin your career as a Lakmé Salon partner, you need an initial minimum investment of Rs. 50-60 Lac and a property of 900 sq. ft onwards.
