Thursday, November 07, 2024

Business

Lakme Franchise Cost in India: Investment, Requirements and Benefits

Lakme Franchise Cost in India

India’s health and wellness industry has emerged as one of the country’s fastest-growing sectors, driven by a young, urban population increasingly focused on health and well-being. With an annual growth rate of 15–17%, the industry is projected to reach ₹1.5 trillion by 2020, up from approximately ₹1 crore in 2015.

The wellness market alone is estimated to be worth ₹490 billion, with wellness services constituting 40% of this sector. This rapid expansion is evident in various areas such as fitness services and equipment, skincare treatments, and cosmetics products and services. As a result, opportunities like the Lakme Franchise have become increasingly attractive to entrepreneurs.

About Lakme and Its Franchise

To become a Lakmé Salon franchisee, individuals must demonstrate a strong commitment to the successful operation of their business and provide exceptional customer service. They should have a customer-oriented approach, be enthusiastic about managing the salon, and be willing to exceed customer expectations.

Starting a Lakmé Salon requires a property of at least 900 square feet and an initial investment of ₹50–60 lakhs. Lakme, a renowned Indian cosmetics brand under Hindustan Unilever, offers a wide range of products and services, including skincare, hair care, color cosmetics, and salon services.

Lakme has expanded to over 240 locations across more than 60 cities, operated by over 2,200 professionals serving 1 million clients.

Franchisee Eligibility Criteria

Potential franchisees should meet the following criteria:

  • Adherence to high ethical standards and integrity.
  • Strong commitment to business operations.
  • Customer-focused attitude and willingness to exceed customer expectations.
  • Ability to build and lead a team.
  • Sufficient time and energy to manage the franchise effectively.

Benefits of Owning a Lakme Franchise

Owning a Lakme franchise offers several advantages:

  1. Sustained Business Growth: Expect ongoing development of the business model.
  2. Financial Support: Female entrepreneurs can benefit from competitive loan rates from various banks.
  3. Comprehensive Support: Receive active assistance with franchise setup, including customer product delivery, marketing, and business development.
  4. Training and Development: Access training in standard operating procedures, IT development, and project management.

Area and Financial Requirements

Franchisees must secure a property of about 900 square feet, ideally located in high-traffic areas such as shopping centers, hotels, markets, or residential neighborhoods.

The initial investment ranges from ₹50 to ₹60 lakhs, depending on the location’s requirements. Additionally, operating capital is needed to cover daily administrative expenses.

Training and Support

The Lakme Training Academy provides continuous HR and training support to ensure high professionalism among staff. Assistance with site selection and store operation is also available.

Enrollment Process

To apply for a Lakme franchise, follow these steps:

  1. Visit the Official Website: Go to Lakme’s franchise page.
  2. Select Franchisee Option: Choose the “Become a Franchisee” option.
  3. Review Franchisee Process: Click on “Franchisee Process” from the menu.
  4. Join Us: Select “Join Us” to access the application form.
  5. Complete the Form: Fill out the Franchise Application Form with the required details.
  6. Submit Application: Submit the completed application online.

Contact Information

Lakmé Lever Ltd.

1st Floor, Shree Nivas House,

H Somani Marg, Behind Bombay Gymkhana,

Fort, Mumbai – 400001

Phone: +91 22 39832117

Email: [email protected]

Franchisee Website: Lakme Franchise

General Website: Lakme Salon Franchise Information

Conclusion

With a legacy of success and continuous evolution, Lakme currently operates over 240 salons nationwide. The fact that 60% of franchisees own multiple salons is a testament to the brand’s high customer satisfaction and robust business model.

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