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How to Start Lakme Salon Franchise in India – Complete Guide

If you are looking to start a retail business in the beauty industry, starting a Lakme Salon franchise business is worth considering. Here in this post, we have provided all the details to own a Lakme salon franchise in India, including cost, investment, profit margin, and contact details.

Lakme Salon Company Overview

Lakmé Salon is a renowned beauty and grooming brand in India. It is known for its premium salon services and high-quality beauty products. It is said that it is the first prime minister of India Pt. Jawaharlal Nehru requested J.R.D Tata, the founder of the  Tata Group to launch a cosmetic brand in India. In 1952, Lakme was born as a 100% subsidiary company of the Tata Oil Mills. Tata sold off their stakes in Lakme to Hindustan Unilever Limited (HUL) in 1996.

Read: Best Salon Franchise in India

Lakmé Salon has a rich heritage and legacy in the beauty industry. It is named after the French opera Lakmé, symbolizing the brand’s commitment to elegance, sophistication, and beauty. Over the years, Lakmé Salon has become synonymous with professional beauty services, offering a wide range of skincare, haircare, makeup, and grooming solutions for both men and women.

Beyond its salon services, Lakmé Salon also offers professional training and education programs for aspiring beauty professionals through its Lakmé Academy centres. These centres provide industry-relevant courses in hairdressing, makeup artistry, skincare, and salon management, empowering individuals to pursue rewarding careers in the beauty and wellness sector.

Lakme Salon Franchise Cost in India

The cost of owning a Lakmé Salon franchise in India can vary depending on various factors such as location, size of the salon, and specific requirements set by the franchisor. On average, you will need an initial minimum investment of Rs. 50-60 Lac and a retail space area of a minimum of 900 sq. ft.

Some common expenses associated with starting a Lakmé Salon franchise include:

⇒ Franchise Fee

Lakmé Salon typically charges a one-time franchise fee, which grants franchisees the right to use the Lakmé Salon brand name, trademarks, and business model. The franchise fee can vary but is generally a significant upfront cost.

⇒ Initial Investment

In addition to the franchise fee, franchisees need to make an initial investment to set up the salon infrastructure, including lease deposits, interior decor, furniture, fixtures, equipment, and inventory. The initial investment can vary based on factors such as location, size, and local market conditions.

⇒ Operational Expenses

Franchisees are responsible for ongoing operational expenses such as rent, utilities, staffing costs, marketing, and advertising expenses. These costs can vary depending on the location and scale of the salon.

⇒ Royalty Fees

Franchisees are usually required to pay ongoing royalty fees to the franchisor, which are typically calculated as a percentage of the salon’s gross revenue. Royalty fees contribute to ongoing support and services provided by the franchisor, including training, marketing support, and ongoing brand development.

⇒ Training and Support

Franchisees may incur additional expenses for initial training and ongoing support provided by the franchisor. This can include training programs for salon staff, marketing and advertising support, and access to proprietary software and systems.

It is essential for prospective franchisees to carefully review the franchise disclosure document (FDD) provided by Lakmé Salon and consult with financial advisors to understand the full cost implications of owning a Lakmé Salon franchise in India.

Read: How to Start a Beauty Patlour Business

How to Get a Lakme Salon Franchise in India

To obtain a Lakme Salon franchise in India, you’ll need to follow a series of steps outlined by the company. Here’s a general overview of the process:

1. Research and Contact Lakme Salon

Start by researching Lakme Salon’s franchise program on their official website or by reaching out to them directly. You can find their contact information on their website or through online directories.

2. Submit Franchise Inquiry Form

Many franchisors, including Lakmé Salon, have an online form that interested individuals can fill out to express their interest in becoming a franchisee. This form usually requires basic information about yourself and your business intentions.

3. Meeting with Franchise Representative

Once your inquiry is received, a representative from Lakmé Salon will likely reach out to you to discuss the franchise opportunity further. They may schedule a meeting to provide more details about the franchise program, including investment requirements, training, and support.

4. Review the Franchise Disclosure Document (FDD)

If both parties are interested in moving forward, Lakmé Salon will provide you with a Franchise Disclosure Document (FDD). This document contains detailed information about the franchise opportunity, including the franchise agreement, initial investment, ongoing fees, and other important terms and conditions.

5. Secure Financing

Review the initial investment requirements outlined in the FDD and determine if you have the financial resources to proceed. If necessary, secure financing through personal funds, loans, or other sources of capital.

Read: Best Loan Apps in India for Instant Cash

6. Sign Franchise Agreement

If you’re satisfied with the terms and conditions outlined in the FDD and you meet Lakmé Salon’s requirements, you can proceed to sign the franchise agreement. This legally binding contract formalizes your relationship with the franchisor and grants you the right to operate a Lakmé Salon franchise.

7. Training and Support

Lakme Salon will likely provide comprehensive training and support to help you get started with your franchise. This may include training on salon operations, product knowledge, marketing strategies, and ongoing support from the franchisor’s corporate team.

8. Site Selection and Setup

Work with Lakmé Salon to select an appropriate location for your franchise salon. They may guide site selection criteria and assist you with the setup and design of your salon.

9. Grand Opening

Once your salon is set up and ready to go, Lakmé Salon will support you in hosting a successful grand opening event to attract customers and generate buzz for your new franchise.

10. Ongoing Operations

As a franchisee, you’ll be responsible for managing the day-to-day operations of your Lakmé Salon franchise. Stay in regular communication with the franchisor’s corporate team, participate in training programs, and adhere to the brand standards to ensure the success of your business.

Lakme Salon Franchise Contact Details

If you are serious about starting a Lakme salon franchise, the easiest way is to visit their official page https://franchise.lakmeindia.com/ and fill in the details. You can also e-mail your franchise enquiry to [email protected]. If shortlisted, company officials will contact you.

Frequently Asked Questions

What are the eligibility criteria to become a Lakme Salon franchisee?

Lakmé Salon typically looks for individuals or entities with a strong entrepreneurial spirit, a passion for the beauty and wellness industry, and the financial capability to invest in and operate a salon franchise. Specific eligibility criteria may vary, so it’s essential to inquire directly with Lakmé Salon.

What is the Lakme Salon franchise profit margin?

The average profit margin for franchise partners of Lakme Salon is around 18% to 20%.

What support does Lakme Salon provide to franchisees?

Lakmé Salon offers comprehensive support to franchisees, including assistance with site selection, salon setup and design, training for salon staff, marketing and advertising support, access to proprietary products and services, and ongoing operational guidance.

Do I need prior experience in the beauty and wellness industry to open a Lakmé Salon franchise?

While prior experience in the beauty and wellness industry can be beneficial, it is not always required to open a Lakmé Salon franchise. Lakmé Salon provides training and support to franchisees and their staff to ensure they have the necessary skills and knowledge to operate a successful salon business.

How long does it take to open a Lakme Salon franchise?

The timeline for opening a Lakmé Salon franchise can vary depending on factors such as location, regulatory approvals, and construction or renovation of the salon space. Lakmé Salon works closely with franchisees to streamline the process and expedite the opening of the salon.

What marketing support does Lakme Salon offer to franchisees?

Lakmé Salon provides marketing support to franchisees through national and local advertising campaigns, social media marketing initiatives, promotional events, and access to marketing materials and resources. Franchisees also benefit from the strong brand recognition of Lakmé Salon in the beauty and wellness industry.

Can I own multiple Lakme Salon franchises?

Yes, Lakmé Salon allows qualified franchisees to own and operate multiple salon locations, subject to approval and availability of suitable franchise territories. Franchisees interested in owning multiple locations should discuss their expansion plans with Lakmé Salon during the application process.

What are the terms of the franchise agreement with Lakme Salon?

The terms of the franchise agreement, including the duration, renewal options, termination clauses, and other contractual obligations, are typically outlined in the franchise disclosure document (FDD) provided by Lakmé Salon. Prospective franchisees should review the agreement carefully and seek legal advice if needed before signing.

About Next What Business Research Team

The Editorial Staffs at NextWhatBusiness is a team of Business Consultants with years of experience in small and medium-scale manufacturing and service-based businesses.