Hello Guys, Today we will read about the Lakme Salon franchise Business. If you want to start a business in Salon. Then, you can go for the Lakme Salon franchise. It is the best decision for you and your upcoming future. In this post, we will talk about the total investment of a Lakme Salon franchise, Lakme Salon franchise Profit or loss, Space required for the Lakme Salon franchise, and more about how to get a Lakme Salon franchise in India in 2023.
Company Details of Lakme Salon
The Lakme Salon brand was started in 1980 by J. R. D. Tata and Simone Tata. Lakme Salon was established in 1980 in India.
| Website:- | https://www.lakmesalon.in/ |
| Parent Company:- | Hindustan Unilever Limited (HUL) |
| Headquarters:- | Mumbai, India |
| Product:- | Smoothening Conditioner, and Keratin Treatment. |
| Industry:- | Salon |
| CEO:- | Pushkaraj Shenai |
Products of Lakme Salon
- Hair Care
- Skin Care
- Make-up
- Nail Care
- Fragrances
Benefits of the Lakme Salon franchise
Lakme Salon is a popular Salon Franchise in India. There are several benefits to owning a Lakme Salon franchise. Lakme Salon is one of the trusted and low-cost investment Businesses in Salon. You will get a 100 % guarantee of earning with a good return on investment.
- Lakme Salon is one of the largest Salon chains in India.
- Lakme Salon provides Salon products.
- Lakme Salon is one of the leading brands and has further than 400 stores in India.
- In India, there are more than 400 Stores in 150 different metropolises.
- The company provides all types of marketing and promotional support to the ballot.
Requirements for a Lakme Salon franchise
- Area requirements:- To open a Lakme Salon store Franchise you want a minimum area is 900 square feet.
- Employer’s requirements:- You need a minimum of 6 Employers to operate your store.
- To be Financially strong to invest in the business, Should have basic knowledge of the business.
Eligibility for a Lakme Salon franchise
- The owner should follow all terms and conditions of Lakme Salon company.
- You must have proper money Investment to open this franchise.
- Must have a proper space in a good location for the outlet.
- The owner must have knowledge of running an outlet.
- Applicant should be more than 21 years old.
Lakme Salon Franchise Cost in India
The cost of a Lakme Salon franchise depends on many factors like a franchise fee, location, size of the shop, equipment required, etc. According to Lakme Salon, the total investment is approximately Rs. 60 lakhs to Rs. 1 Crore.
- Franchise Fee:- The franchise cost of a Lakme Salon franchise is Rs. 50 – 60 lakhs in India.
- Investment in Store:- The Investment in setting up the store Lakme Salon is Rs. 10 lakhs to Rs. 20 lakhs. depending on location in India. It includes the cost of equipment, and furniture, and the investment depends on store size and structure.
- Security Deposit:- The Security Deposit depends on the shop’s location.
- Working capital:- The staff salaries, cost of inventory, and other operational expenses.
Space Required for Lakme Salon Outlet
Lakme Salon space depends on the size of the store. A minimum space of 900 square feet space is needed to start the Lakme Salon franchise. If you taking a store on rent then remember the rent of a store in a prime location may be too high.
Documents & Licence
- First, you have to Register your Business with the (Roc) Registrar of Companies and get your certificate of incorporation.
- ID Proof:- Aadhaar Card and Pan Card.
- Address Proof:- Ration Card, Electricity Bill.
- Bank Account with Passbook.
- Photo, Email ID, Phone Number.
- Fire safety certificate.
- GST Number.
- Standard franchise agreement.
- Rental agreement.
- In the end, you’ll need to obtain insurance coverage for your business.
Lakme Salon Franchise Profits and Margin:
Lakme Salon is one of the largest Salon chains in India and it’s trending nowadays. In the future, Lakme Salon will be the First largest Salon brand in India. So, Everyone wants to take a franchise of Lakme Salon but they have only one question what will the Profits and Margin of Lakme Salon? So, today we will clarify the margin and profit of Lakme Salon.
A Lakme Salon franchise can generate a net profit margin of 15% to 20 %. This means that for every Rs 100 in deals, a franchisee can anticipate earning Rs 15 to 20 in net profit. According to assiduity estimates, the average ROI for a Lakme Salon in India is around 18-24 months. This means that a franchisee can anticipate to break and start earning gains after around 1.5- 2 times of operation.
How to apply for the Lakme Salon Franchise in India?
- First, you have to go to the official site of Lakme Salon India.
- https://www.lakmesalon.in/contact
- Then click on the “Contact Us” tab and send a request for a callback.
- Contact and meet the local Lakme SalonField Development Agent.
- Carefully read all the agreements before doing any signatures.
- After all the processes pay the franchise fee.
- then you will owner of the Lakme Salon franchise.
Lakme Salon Franchise Contact Details
If you are having any issues or you want to take a Lakme Salon franchise then you can contact them from here. All details are mentioned below:-
Address: PO BOX NO 1470, MUMBAI, 400099
Website: https://www.lakmesalon.in/
Email ID: [email protected]
Contact No: 1800 123 1952
Frequently Asked Questions of Lakme Salon:
Q 1. What is a Lakme Salon franchise?
Ans : Lakme Salon is a popular Salon Franchise in India. There are several benefits to owning a Lakme Salon franchise. Lakme Salon is one of the trusted and low-cost investment Businesses in Salon.
Q 2. What is the cost of a Lakme Salon franchise in India?
Ans The cost of a Lakme Salon franchise in India is approximately Rs. 50 Lakhs to Rs. 60 Lakhs.
Q 3. How to open a Lakme Salon franchise?
Ans : First you have a good investment and patience. Then, some criteria like the need for all documents and the need for space for opening. After this fill out the form and wait 2 days. You’ll get a call back from Lakme Salon. then confirm all the details pay the franchise fee and start your business.
Q 4. Is Lakme Salon a successful franchise?
Ans : Yes, it is a successful franchise at the present time. lots of people want to take the Lakme Salon franchises but they can’t take it due to financial issues. it is based on the Salon system and business is going in trending nowadays.
Q 5. Who is the Founder of Lakme Salon?
Ans : Xerxes Desai is the Founder of J. R. D. Tata and Simone Tata.
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