The glamorising beauty industry is being pushed by the never-ending demand for beauty and the influential Bollywood and international beauty pageants. Inspired by their role models, consumers aspire to attain the beauty ideals and are spending their money in the grooming businesses, giving a great force to beauty businesses.
Driven by the rising disposable income, changing lifestyles, increase in the number of working women, and increasing affordability of luxury products, the beauty industry is gaining the attention of entrepreneurs in the field of beauty towards it. Thereby, a lot of franchise businesses are emerging out of nowhere and are providing the aspiring entrepreneurs doors of opportunities to enter the world of entrepreneurship.
Are you an aspiring beauty entrepreneur? If you are, then read on this article as here we unveil five franchise ideas in the beauty industry.
Lash Extension
With the long and lush eyelashes being in fashion, people are opting for eyelash extension rather than opting for fake lashes. With lash extension coming into the picture, lashes have become an essential part of the lifestyle. Once been a non-existent industry, lash extension industry has now become a billion dollar industry, disrupting the beauty industry in a most dramatic way.
If you wish to own a lash extension franchise, then an investment of Rs 20-25 will be required.
Beauty Salon
Beauty salons are one of the most demanded services in the beauty industry. Be it hairstyling, facial care, makeup or any other thing, a beauty salon is every woman’s go-to option in case of following a flawless beauty regime.
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 like Shahnaz Hussain, Lakme Salon and Marie Clarie etc., can be owned in a investment of Rs 20-30 lakhs with an ROI of 60-70%.
Spas
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 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 lakhs is required that ensures a 20-30% return on investment.
Nail Extension
Nails are one of the most integral parts of a woman’s beauty regime. With the increasing trend of quirky and unique nail arts, many women who are disappointed with their weak quality of nails are turning to the nail extension stores to match up with the growing trend. The concept of nail extensions is revolutionising the nail industry and 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 lakhs with an ROI of 60%.
Cosmetic Products
No matter how sparkling the beauty and makeup salons are, many people still find it comfortable with their own makeup products and regime. The cosmetic market is driven by the very fact that many women know how to apply makeup, thanks to the innate skills of makeup in most women. With the influx of e-commerce sites like Nykaa, buying cosmetic products has become easier and affordable, hence helping in the growth of the cosmetic franchises.
One can buy a cosmetic product franchise in an investment of Rs 30-50 lakhs with an ROI of 40-50%.
