Identifying a perfect venture to invest in is a problem new entrepreneurs confronts. In this scenario there are few franchise options available with more durability than salon industry meeting the demands of a wider public.
Entrepreneurs who wish to enter the salon franchise have the ability not only to satisfy the requirement of vital services in the lives of wide range of customers, but also to deliver a variety of luxuries to those individuals.
Whenever an individual enters into a salon for regular cuts, trims, makeup, or to change their look and feel the rationale is identical.
They always choose to leave with a miraculous experience. Investing in a salon franchise in India requires a grade of trust.
Salon franchises hold brand reputation and recognition which urges faith incapable customers and if that particular customer is joyous with the service- he/she will engender repeat business and will stay tuned with the same salon franchise.
The distinguishing features of a salon franchise in India such as recession resilience and present and future growth estimates have built this sector investor-friendly.
Top 5 Secrets to Invest in A Salon Franchise in India
Salon Industry is Rising
The beauty industry in India is valued at $6.5 billion in 2017 and is estimated to grow by $20 billion by 2025. This industry since its inception is continuously growing and doesn’t experience downfall during economic imbalance.
More disposable income is one of the big reasons contributing to the blooming of the beauty and wellness industry. Entrepreneurs who invest in a salon franchise are provided with tools, equipment, training, staff and other things by franchisors.
During an economic recession, people cut their expenditures to half but beauty and wellness (personal care) including- haircut, hair color, etc. is something which individuals cannot avoid.
A lot of reports say that even in times of economic slowdown, the beauty industry is something that doesn’t experience much effect of the same. Salon franchise offers exceptional service and value- that it remains potential during an economic slowdown.
No Prior Experience Needed
New entrepreneurs entering into salon franchise business don’t need prior experience in the industry. More than 85% of people invest in salon franchise don’t have the previous expertise of the same.
Opening a salon franchise means getting extensive support, constant training, brand name and many more things from scratch.
Additionally, a franchise also gets assistance in site selection, management, rent negotiations, etc. All these benefits allow franchise owners to kick start their business with a proven business model and expertise.
Beauty and wellness industry models are investment-friendly ranges from normal to luxury. As salon franchisors sell their idea, expertise, and tremendous market research which makes franchisees handle the business conveniently.
Increasing Beauty Trends
Increasing beauty trends associated with Kylie Jenner to Priyanka Chopra fascinates people to grab new look regularly. In today’s world beauty is the only thing which doesn’t fade at all.
In fact, the demand for stylish haircut, hair color, makeup, nails art, pedicure/manicure remains on the top priority of individuals. Especially youngsters follow the trend regularly and individuals who invest in this industry get ripped fruits.