Lakme franchise is an excellent business venture for entrepreneurs. You don’t need to have a background in the beauty sector, franchising implies comprehensive training. Thus, Lakme cooperates with banks to ensure that female entrepreneurs can easily secure financing for franchise setup. Being beautiful and feeling content with one’s self is important for many men and women, and Lakme salons help customers achieve that. With innovative approaches and coloring techniques as well as the sale of quality beauty products Lakme is highly appreciated by customers of all ages.
Why Lakme?
Lakme’s reputation spans decades and the company is continuously evolving. Lakme Salons are now situated across the country, and there are more than 240 in number, with 60% franchisees owning more than one salon which indicates a high level of satisfaction.
Health and Wellness Industry
The health and wellness industry is one of the fastest growing sectors in India due to a young and urban population that is more concerned about health and wellness. The health and wellness sector in India is poised to touch Rs 1,50,000 crore (Rs 1.5 trillion) by 2020, with a compounded annual growth rate of 15-17%, from about Rs.1crore in 2015. Out of the entire health and wellness industry, the wellness market in India is about INR 490 bn and wellness services account for 40% of this market. In wellness services, segments such as cosmetics products and services, fitness services and equipment and skin care treatments are witnessing the highest growth has encouraged the entrepreneur to make use of Lakme Franchise opportunity.
Benefits of Becoming Lakme Franchise
- Lakme provides future owner with sustainable growth in the business model.
- Benefits of availing loan from private and public sector banks at attractive interest rates to female entrepreneurs.
- Active support and guidance for Franchise startup for the Franchisee.
- Continuous Support in Business development, delivery of products to the customers and marketing.
- Course design and delivery support.
- Academic and technical functions will be conducted under training.
- Additionally, training will be covered in the areas such as project management, standard operating procedure, and IT development.
Franchisee Eligibility Criteria
- Any Individuals who are with integrity and ethics.
- Passionate and devoted to managing the business.
- Customer oriented approach and prompt to go the extra mile for customer satisfaction.
- Ability to build and manage the team.
- Contribute sufficient time and effort to run a
Area Specifications
The Franchisee should own land or possess land for lease approximately space of 900 square feet carpet area. The Franchise has to be situated in potential areas like malls, hotels, Marketplace or any other residential areas that are easily accessible by the public are preferred.
Financial Requirements
The Franchisee will invest about Rs.50 lacs to Rs.60lacs as per your area specifications. Also, working capital for daily administrative expenses will be required from the Franchisee.
Training and Support
The Franchisee will be provided with ongoing HR and training assistance as well as innovation and fresher training by Lakme Training Academy will be implemented to ensure that all employees maintain a high standard of professionalism. Lakme Training Academy will guide ensure that all employees maintain a high standard of professionalism. Also, the company support team will help you in every aspect towards starting and running the retail store including site selection.
Regions of Operations
The following are the specified locations for starting a Lakme Franchise are below: North– Delhi, Haryana, Jammu and Kashmir, Punjab, Uttaranchal, Uttar Pradesh. South– Kerala, Karnataka, Tamil Nadu, Andhra Pradesh. East- Assam, Meghalaya, Tripura, Arunachal Pradesh, West Bengal, Odisha. West– Gujarat, Rajasthan, Maharastra. Central– Chhattisgarh, Madhya Pradesh, Bihar, Jharkhand. Union Territories– Pondicherry.
Term of Agreement
The Franchisee needs to sign an MOU which contains the written statement about the company terms and condition will sign a franchise agreement with selected franchise owner for five years initially. The agreement is however renewable if both the parties agree.
FAQs
What is Enrollment Process?
Step 1: Visit the Official Portal Please visit the official website of Lakme Franchise. Step 2: Become a Franchisee Click on ” Become a Franchisee” option which is appeared on the home screen of the portal. Step 3: Franchisee process Select the option “Franchisee process” from the list of menu. Step 4: Join us Then click on “Join us” then the application form for Lakme franchise opens up.Application Form Lakme Franchise Step 5: Complete the details Fill up the Franchise application form with the appropriate details such as
- Applicant name
- Email id
- Preferred city
- Location of area
- Mobile number
Step 6: Submit the form After filling the details, the applicant can submit the application form online. Note: If shortlisted for the Lakme Franchise the company officials will contact you soon.
How much does it cost to open the franchise
Lakme franchise cost is estimated at Rs. 50-60 Lakhs.
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