Here in this post, you will learn in details about the business details including cost, investment, application process, and contact details to own a Lakme salon franchise.
Steps to Start Lakme Salon Franchise – Why & How
Lakme Salon Business Details
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
The name Lakme was derived from the famous French Opera named Lakme. Interestingly, the name Lakme, in turn, was derived from the name Lakshmi, the goddess of wealth in India.
In 1996 though Tata sold off their stakes in Lakmé Lever to Hindustan Unilever Limited (HUL).
Lakme presently is the topmost cosmetic brand in India. In addition to this, Lakme is recognized as one of the 50 most trusted brands overall in India.
Lakme organizes along with Fashion Week the famous Lakme Fashion Week from the year 2000 which happens to be the most popular fashion event in India.
It is in the year 1998, Lakme started expanding their business network through appointing franchise all around India.
At present, Lakme is spread across in more than 50+ cities and towns of India. There are more than 250+ salons operating successfully. Out of these, 170+ outlets are run by 100+ franchise owners
The company presently deals with products mainly in the hair, skin and makeup segment.
Lakme comes with an extremely sustainable and profitable franchise business model for people interested to start a business in the beauty retail industry.
Cost & Investment to Start Lakme Salon Franchise Business
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.
Additionally, you need a retail space having a minimum floor area of more than 900 sq. ft. in a prominent residential or commercial place.
The company will sign a franchise agreement with selected franchise owner for a period of 5 years initially. The agreement is however renewable if both the parties agree.
The company support team will help you in every aspect towards starting and running the retail store including site selection. The company also supports operational and audits areas for ease of management and professional service quality.
The ongoing HR and training support regarding products is provided by Lakme Salon Academy.
In addition to all these, the company also support women entrepreneurs in helping them arranging finances through a special tie-up with financial and banking institutions.
Contact Details for Applying Lakme Salon Franchise
If you are serious to start Lakme salon franchise, the easiest way is to visit their official page https://franchise.lakmeindia.com/ and fill in the details. If shortlisted, company officials will contact you. You can also contact their exclusive franchise helpline number 1800 102 2221 for more details.