Introduction to profit in the Lakme Salon Franchise (Cost to Start)
If a person is interested in cosmetics and beauty merchandises and planning to spend in the cosmetics industry, then this is the proper place for them. Today, the cosmetics industry is capturing the whole world. The cosmetics industry has been there for centuries. But at present, the industry is widespread in different parts of the world and is projected to attain a value of 2. 68 billion US dollars by the end of 2020.
A guide to Lakme Salon Franchise cost, profit in India
Today, everyone must take care of themselves and look decent so there is a great demand for skincare and beauty products. And with respect to cosmetics in India, one name which is prominent to every person in the country is Lakme. Whether you take the items of make-up, skincare, or haircare, Lakme provides products with top-notch quality to clients. Lakme stands as one of the famous brands that are trusted by the people of a country like India.
Details about the Lakme company
Lakme is an Indian company that sells products associated with the cosmetic sector to its customers. The company was initiated in 1952 by the parent company Tata Oil Mills (Tomco) that owned 100 percent of Lakme. The name Lakme was coming from a French opera of the same name, which itself was thought to be the French version of Lakshmi (a goddess in the Indian mythology) who was acclaimed for prosperity and beauty.
The company became prominent when our first Prime Minister- Pandit Jawaharlal Nehru of independent India, got worried about the fact that huge money of foreign exchange was spent by Indian women on for cosmetic merchandise that was imported. So, Pandit Nehru proposed Jehangir Ratanji Dadabhoy Tata to develop cosmetic products in India. In 1996, the stakes of Lakme were sold by Tata for about 200 crore rupees to the present owner HUL (Hindustan Unilever Limited).
Today, Lakme stands to be number one among the various cosmetics brand in India.
Lakme was ranked 104th in the year 2012 by Brand Trust Report in India. In the following year, the same report ranked Lakme again as 71st most trusted brand in India. And in the year 2014, in the same report, the company attained 36th rank among the various list of brands that are favorite in most in India. The Lakme Company even sponsors the Lakme Fashion Week, a fashion event that is held twice a year. The event was initiated by the company in the year 2000 and is held in the beautiful city, Mumbai.
Procedure to apply for Lakme Beauty Salon Franchise in India
An individual should not ignore the great Lakme franchise business opportunity as the company is acquiring new heights at a fast pace every year. 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.
During the 16th 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.
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.
The company has famous glamour icons like Kareena Kapoor and Ananya Pandey as their brand ambassador which boosts the image of the company. With all its achievements and awards, it becomes shows that a Lakme franchise business opportunity is something that any investor should earnestly consider.
Another thing about starting up a Lakme Beauty Salon franchise is that a person will acquire various types of support and assistance from the company. When a person plans to open up a franchise of Lakme Salon, the company supports the candidate in choosing the proper location to start the outlet. Support regarding operational and audit areas is even delivered by the company which aids to ease the management and develops professional service quality. Lakme Salons help the franchisee in not only appointing the employees but also ensure that the candidates hired are properly trained in basic salon essentials like billing, CRM software, staff scheduling, managing, etc.
Requirements for Lakme Salon Franchise
Similar to any other franchise, there are few requirements that an applicant must fulfill to become an owner of a Lakme franchise. The first requisite that an individual needs to fulfill in order to own a Lakme cosmetics franchise is the place of setting up of the outlet. 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.
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Another requirement that needs to be fulfilled is regarding the number of employees in a Lakme Salon. The franchisee will need to hire around 10 to 15 employees to run day-to-day operations in the store.
Cost or Investment to start a Lakme Salon Franchise
The cost of investment needed for a franchise is a major factor that the financier takes into consideration before taking any decision. An investor planning to own a Lakme franchise must spend an initial investment of about 50 to 60 lakh rupees. This sum will be spent on franchise fees, interior decoration, furniture, and equipment needed to operate run the salon. The franchisee should sign a franchise agreement with the company that lasts for 5 years.
Profit in Lakme Salon Franchise in India
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. The franchisee will have the total investment amount in a span of 4 to 5 years post outlet initiation.
How to get a Lakme Salon Franchise?
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.
Lakme Franchise contact details
If an individual intends to contact with personnel at Lakme to enquire about any of his or her doubts, they can contact using the below information:
Office Address: Lakmé Lever Ltd. 1st Floor, Shree Nivas House, H Somani Marg, Behind Bombay Gymkhana, Fort, Mumbai – 400001
The cosmetics industry is one that will perhaps never come to an end. As long there is an aspiration among ladies to look attractive, the cosmetic industry will strive in the world. 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.
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