It is a truism that every woman wants to look beautiful. Each of them is conscious of her looks. On seeing a beautiful woman, you are impressed with her glowing skin and magnetic fragrance. This is possible only with the use of amazing beauty products. However, it must be kept in mind that all beauty products are not world-class
If you are an entrepreneur with passion for beauty and styles there are many businesses you can start. For low risk business with a reputed brand in skincare industry, you have an amazing opportunity to start Lakme salon franchise. There is no denying about the reputation of the brand is too well-known. It is best low-risk business with assured returns. In this article, I will talk about the requirements, process, and investment for getting the franchise.
Before going ahead, I would like to answer questions like how come I have such detailed knowledge of the beauty industry. After completing my MBA (Retail), I got campus placement with one of the most prestigious nitrogen plant manufacturing companies in India. I worked here for five years before got a break to work with one of the top beauty companies in India. And, I spent over 25 years serving in various capacities including as a vice-president. Then, I left the job to start my consulting business in the beauty industry.
Brief history of Lakme Salon Company
Lakme Salon has incredible history in the beauty and cosmetic industry. It was started as a 100% subsidiary of Tata Oil Mills. However, the company radically changed when it was acquired by Hindustan Lever in 1998 for a steep price of INR 200cr. It was rebranded and renamed Lakme. The leading beauty products company offers wide range of products including skincare, hair care and eye items. It has consolidated its brand value by consistent improvement and innovation.
Now, it has become a household name in the country. The company has also forayed into salon business as well. Alongside of Lakme beauty products, you can find Lakme Salons situated at over 400 locations across 125 years. The beauty major has got ambitious growth plans. It wants to open its stores all over the country. This ambitious expansion will not only benefit the company but also create opportunities to start their franchises and create jobs in the hair and salon industry.
Benefits of choosing Lakme Salon franchise
There are many advantages of starting Lakme Salon franchise including high brand value. You will get a loyal base of customers. And, the franchise provides you with the latest tools, technology and business model to thrive in the market. Here are the top benefits of getting Lakme Salon franchise:
- First of all, Lakme is one of the leading cosmetic brands in India. You will be able to use their reputation for building your customer base.
- Getting the franchise would make you part of the reputed segment of the beauty industry.
- Their business model is going to sustain into the future. With the dedicated support of Lakme, it is highly likely that franchisees will taste success on a sustainable basis.
- Female entrepreneurs will be able to finance their purchase of the franchise through bank loans at attractive interest rates.
- Lakme provides comprehensive support and training during the initial phase of setting up. The company also helps with business development.
- Lakme takes care of promotional and marketing of the salon. This is good for bringing in new customers.
- The company provides training in service delivery and operational procedures.
Eligibility criteria for Lakme Salon franchise
- Must have attained the age of 18 years.
- Applicants must comply with the terms and conditions set by the management of Lakme Salon.
- You must demonstrate passion and commitment to run beauty care business.
- Must be able to handle customers and provide excellent customer service.
- Should have prior experience in the beauty industry.
Requirements for getting the franchise
There are numerous other requirements apart from the eligibility criteria that an applicant must fulfill for getting the franchise. Some of the important requirements are described below:
Space
Applicant must have space measuring not less than 1000-1500 square feet with visible frontage and parking space for customers.
Investment
Applicants must demonstrate financial capability to invest Rs 40-50 lakhs for establishing the salon. It would include equipment, setup cost and miscellaneous other expenses.
Experience in beauty industry
Although it is not necessary but having experience in the cosmetic industry will be a big plus.
Educational qualification
Applicant must have attained a graduation degree equivalent.
Manpower
For smooth running of salon operations it is imperative that franchisees hire a team at least 4-6 trained beauticians.
Documents Required
For submitting application for getting Lakme franchise, you will be required to send the company relevant documents. However, you must ensure all the documents are genuine and relevant otherwise your application is liable to be rejected. The following documents need to be submitted:
- ID Proof: Aadhaar Card, PAN Card, Voter Card
- Address Proof: Electricity Bill/Rent agreement/ NOC
- Qualification certificate
- Photograph, Email Id, Mobile Number
- Current A/C and cancel cheque
- Shop agreement / Sale deed
- Rent agreement
- NOC
- GST number
- Salon trade license
Now that I have provided you with the important criteria you can prepare a strategy for getting the franchise. As you might be aware it is important for you to plan the whole thing. First of all, you must know where to apply for getting Lakme Salon franchise. However, this information is easily available on the company’s website. Moreover, you can meet the company officials to know about profit margins provided to the franchisees.
By the way, Lakme offers excellent commission on the total sales generated during the month. Your income would depend upon increasing the sales month after month. Arranging the funds for investment is the most important part of your planning. Either you can use the money you have saved or take loan from the bank.
