Lakme Salon Franchise, Cost, Profit, Investment (How to Apply)

0
Lakme Salon Franchise

Lakme Salon Franchise: The cosmetics industry has existed in the world for quite a long time. But today, the industry has spread across different regions of the planet and is estimated to reach a value of 2,68 billion US dollars by the end of 2020. Today, everyone wants to take care of themselves and look good so there is a popularity for beauty and skincare products. And in regards to cosmetics in India, one name that is known to every person in the nation is Lakme. Whether it is in the category of make-up, haircare, skincare, Lakme provides products of top-indent quality to the consumers.

About Lakme Salon Franchise

Lakme is an Indian company that sells cosmetic products to its customers. The company was started in 1952 by the parent company Tata Oil Mills (Tomco), which owned 100 percent of Lakme. The name Lakme was derived from a French opera of the same name, which itself was considered to be the French version of Lakshmi (a goddess in Indian mythology) who is worshiped for prosperity and beauty.

The company came into existence when Pandit Jawaharlal Nehru, the primary Prime Minister of independent India, got concerned about the way that large amounts of foreign exchange were being spent by Indian women on cosmetic products that were made in other countries. In this way, Pandit Nehru requested Jehangir Ratanji Dadabhoy Tata to make cosmetic products in India. In 1996, the stakes of Lakme were sold by Tata for 200 crore rupees to HUL (Hindustan Unilever Limited) who is presently the owner of the company.

In the year 2012, the Brand Trust Report ranked Lakme as the 104th in India. In the following year, the same report ranked Lakme as the 71st most trusted brand in India. And in 2014, in the same report, the company achieved the 36th rank on the list of brands that are trusted the most in India. The Lakme Company is additionally a sponsor of the Lakme Fashion Week, a fashion event that is held twice per year. The event was started by the company in 2000 and is organized in the city of Mumbai.

Founder of Lakme Salon Franchise

Lakme cosmetics was founded by J.R.D. Tata and Simon Tata. In 1952, Lakme started operations as a 100 percent subsidiary of Tata Oil Mills. Simone Tata, the Swiss wife of Naval H. Tata, joined as managing director in 1961 became its chairperson in 1982.

It helped that she was a European lady and understood where exactly to steer the budding beauty brand.

Head Office of Lakme Salon Franchise

The head office of Lakmé is located in Mumbai.

  • Hindustan Unilever Limited,
  • Unilever House,
  • D. Sawant Marg,
  • Chakala, Andheri (E),
  • Mumbai – 400099.

Cost and Investment of Lakme Salon Franchise

The cost of investment required for a franchise is a huge factor that the investor takes into consideration while making his decision. An investor looking to possess a Lakme franchise should set up an initial investment of 50 to 60 lakh rupees. This amount will cover expenses like interior decoration, franchise fees, furniture, and equipment required to run the salon. The franchisee additionally needs to sign a franchise agreement with the company which goes on for a considerable length of time.

Lakme Salon Franchise Profit:

Owning a franchise of Lakme Salon is extremely profitable for an individual. The return on investment that a franchisee can get back from running a Lakme franchise is 18 to 25 percent. According to information available on the internet, the owner of a Lakme franchise can earn a monthly profit of 95,000 rupees. The franchisee can get his entire investment amount back within 4 to 5 years of opening the outlet.

Requirements for Lakme Salon Franchise

Just like the case with any franchise, there are certain requirements that an individual needs to fulfill to become the owner of a Lakme franchise. The primary requirement that an individual needs to fulfill in order to claim a Lakme cosmetics franchise is regarding the area of the outlet. The area of the outlet needs to be sufficient so it has space for all the equipment that is required to run the salon. The required area for a Lakme franchise ranges from 900 to 1,200 square feet.

Another requirement that needs to be fulfilled is regarding the number of employees in a Lakme Salon. The franchisee should hire around 10 to 15 employees to run day-to-day operations in the store.

How to Apply For Lakme Salon Franchise?

There are certain steps that a person needs to follow in order to become the owner of a Lakme franchise. The main thing that a person needs to do is to visit the company’s official website. Then the person needs to select the options related to franchises and then fill out an application form to apply for a Lakme franchise. Personal and official details should be filled in by the person in the application form. After the completion of the form, the person needs to submit it online. The support staff then evaluates the application and decides whether to follow up with the person or not.

Log on to the Lakme website and fill up the application form provided in the same for becoming a Franchise. Become the Franchise of the leading brand dealing with beatifying India.

Lakme Salon Franchise Contact Details

Phone no. – +91 22 39832117
Email Id.: care@lakmelever.com
Website: http://franchisee.lakmeindia.com/

More Franchises: Check Here

LEAVE A REPLY

Please enter your comment!
Please enter your name here