Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
spa and salon 2019-03-13

Why Investing In a Spa & Salon Franchise Is Better Than Starting Your Own

The franchise businesses have 80 per cent survival chance and an independent business have about 20 to 30 per cent survival chance

By Content Writer
Why Investing In a Spa & Salon Franchise Is Better Than Starting Your Own

As alluring as it may seem,  venturing into a spa & salon industry is not all roses. Although the growth in a spa & salon franchise is relatively higher, starting it from scratch can be quite challenging. According to a recent survey, 5 out of 10 entrepreneurs who start spa & salon businesses fail within the first few years. You can steer clear of the failure statistics and skip the struggle by opting for a salon franchise.

Here are some of the reasons why you should consider starting a salon franchise.

Established Business Model                                                                    

Owning a recognised spa & salon franchise has its own benefits. Along with a loyal consumer base, you will also get an established business model, which would play a vital role in the success of any company. You need to make fewer efforts to prepare a business model because their services have already captured a market share. You also don’t need to to make an addition for the procurement of raw materials because franchisors have already established relationships with suppliers.

Loyal Consumer Base

A reputed brand franchisee comes with a loyal customer base. By becoming a franchise of a spa or salon, you won’t need to spend half of your marketing budget to spread awareness.  Customers will come to your brand because of the name and trademark you hold.

Lower Risk of Failure                                                                             

A franchise owned spa or salon provides a lower risk of business failure. Owning a franchisee of an established reputed brand has less risk as the business concepts that have been tested were proven successful.

According to a recent study, franchisees have a higher rate of success. The franchisee businesses have 80 percent survival chances while an independent business has around 20 to 30 percent survival chance.

Lower Cost

Apart from a good business model, starting a business requires a hefty amount of investment. Along with many other benefits, owing to a spa/salon franchise requires less capital investment in comparison to starting your own.

This is because when you buy a franchise, you are not alone. Franchisors provide the required training and guidance for business growth and smooth operation of your franchise. Apart from the initial investment, the rest is taken care of by the franchisors itself, right from finding a location, negotiating a lease, hiring reliable contractors and doing all this on-time and within budget.

Comment
image
image
image
image
Related opportunities
  • Ethnic Stores
    About Us: Zingbi Lifestyle Pvt. Ltd operates within the dynamic fashion..
    Locations looking for expansion Tamil nadu
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 00
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chennai Tamil nadu
  • Competitive Exam Coaching Institute
    About Us: Searching for a premium franchise opportunity in booming education..
    Locations looking for expansion Karnataka
    Establishment year 2009
    Franchising Launch Date 2009
    Investment size Rs. 2lac - 5lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Gyms and Fitness Centres
    About Us: VIVAFIT concept is to provide health and well-being in a..
    Locations looking for expansion New Delhi
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 30lac - 50lac
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New Delhi New Delhi
  • About Us: MCTA provides Job Ready Certification Programs in Digital Marketing..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 650
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts