Are you an aspiring beauty entrepreneur? If you are, then read on this article as here we unveil 7 lucrative franchise ideas in the beauty industry.
Nowadays, grooming plays an important role in everyone’s life regardless of their age and gender. With a market size of approximately Rs 80,000 crore, the beauty and wellness sector in India seems to be a remunerative sector for aspiring entrepreneurs.
As per industry sources, the beauty industry is growing at a rate of 20% per annum. Therefore, it is deemed profitable to invest in the beauty industry. This industry has so many opportunities for young and aspiring entrepreneurs to create various business ideas that can be even started with a minimal amount of investment.
With the rising demand for beauty services, there has been a significant increase in the popularity of beauty franchises. Are you an aspiring beauty entrepreneur? If you are, then read on as here we unveil 7 lucrative franchise ideas in the beauty industry.
Beauty salon is one of the most demanded services in the beauty industry. When the signs of aging, stress, and anxiety start showing up on our faces, we often try to get over it by visiting a beauty parlor. Whether it is a corporate meeting or a wedding of an acquaintance, we do not miss any chance to visit a beauty parlor to groom ourselves.
With franchising, beauty professionals now have the perfect kick-start to get into beauty entrepreneurship. As salons are the need of the hour, a brand name is what attracts every woman, which is the first and foremost advantage of owning a franchised outlet.
A beauty salon franchise of established brands can be owned with an investment of Rs 20-30 lakh with an ROI of 60-70%.
With the claustrophobic lifestyles where everyone feels clutched between the walls for nine hours, a spa is a soothing escape from reality. The spa industry is well-established and popular as the stress of the urban lifestyles is unbearable to many.
The relaxation that the spa centres offer to the customers is the need of the hour. Not only these spas are for metropolitan cities but they are also widening their reach into the tier II and III markets via franchising.
To own a spa franchise, an investment of just Rs 10-20 lakh is required that ensures a 20-30% return on investment.
Nail care has emerged as one of the most growing segments in the beauty industry, as it has become an integral part of women’s fashion. One of the major trends that is disrupting the nail care segment is ‘Nail Extensions’. The nail extensions have revolutionized the nail industry with the technique rising in popularity.
In India, nail extension businesses are establishing at an increasing pace and many entrepreneurs are compelled to invest their money in starting a nail extension studio. The concept of nail extensions is serving as a new business opportunity in the beauty industry.
A nail extension franchise can be owned in a minimal investment of Rs 10-25 lakh with an ROI of 60%.
As people are becoming aware of the art of tattoo, the number of young aspirants has risen and has fueled the growth of the tattoo industry in India. The entire credit for the Indian tattoo industry getting organised is because of the passionate entrepreneurs that believe this industry to be as lucrative as any other segment.
For a long time, tattoo business, especially in India, was not considered as a lucrative option for an entrepreneurial journey. But as time passed by, the segment has managed to make a slow jump, emerging as one of the trendiest business options in modern time.
While starting with a tattoo parlor franchise, an investment of around Rs 2.5 lakh to 3 lakh is required.
People around the globe are getting more tensed, stressed, and pressurised as the private and corporate world is getting denser and tougher with each passing day. In such a scenario, owning a massage clinic franchise could turn out to be a lucrative option.
You could cater to the modern-day people, especially ones that belong to the private and corporate world by providing them relief through your interesting and relaxing massage services.
One can buy a massage clinic franchise in an investment of Rs 10-20 lakh.
Mehndi is an integral part of Indian culture. Many of the Hindu traditional and auspicious occasions are incomplete without a mehndi ceremony. Besides being a traditional art form, it has a lot of scope for creativity.
The patterns of mehndi could be inspired by a lot of other cultures of the world, for instance, Arabic, African, Pakistani, among others. Mehndi is not just limited to Asian countries; the art form has attracted a lot of western countries too. Therefore, a huge amount of revenue could be generated in its business.
In order to own a mehndi artistry franchise, an investment of just Rs 2 lakh is required.
Eyelash extension is disrupting the beauty industry and has now become a part of mainstream beauty regimens for women around the world. What was once almost a non-existent in the market has now become a 62 billion dollar industry.
With the long and lush eyelashes being in fashion, people are opting for eyelash extension rather than opting for fake lashes. This is one of the many reasons for investing in the eyelash industry.
If you wish to own a lash extension franchise, then an investment of Rs 20-25 will be required.