Gone are the days when the Salon business was tough and unattractive. Nowadays the Salon and Spa business is flourishing in our country and internationally. If you need to start a business and want to get good profit and all through the year then Salon and Spa business would be a lucrative option. In this page we would let you know how to open a Salon and Spa business in India. Also, we would elaborate on Hair Salon Financing.
The revenue generated by the Hair and Beauty industry would cross around $5 billion the end of the 2019 -2020 financial year. This industry is one of the fastest-growing industries in the world. The factors contributing to the growth of Hair and Beauty industry are large urban population, increase in working population, having enough money in hand due to rising salaries, tendency to look good among the people and advancement in scientific research and technology.
The cost of establishing a Hair and Beauty Salon depends on its Size. But if you want to start a Beauty Salon at home with a low budget then it will cost you anywhere from Rupees 50,000 to Rupees 60,000. If you do not have space and if you want to rent or purchase a space then that cost will be extra.
Find below the low-cost budget beauty salon requirement and its cost.
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You need to have some knowledge about the makeup and Hair trimming techniques, either you can learn yourself or hire a Makeup specialist for the same. We suggest you to start your business at small scale and show us your success for we will support you with financing to firmly expand your business.
If you have at least 5 to 6 customers coming on a daily basis, you can earn a minimum and maximum of Rupees 300 and Rupees 6000 every day. It also depends on the locality and market.
For special bridal makeup, you can earn around Rupees 3,000 to Rupees 4,000 and can be lucrative business during the marriage season.
You can also take Franchise of some large enterprise brand then your investment will be high and so also your profit.
The requirements for the Business Loans for Beauty Salons are simple and are mentioned below-
– Driving License
– Ration Card
– Rent Agreement
– Voter ID
– Shops and Establishment Certificate
– GST Registration Certificate
Find 5 tips to grow your Salon business.
Do not worry about finances if you want to start a Hair and Beauty Salon. We at FlexiLoans will provide you with the Hair Salons & Spa Service Industry Loans and you can peacefully start your own lucrative Salon and Spa business that you always had a dream of. So start your entrepreneurial journey on the Hair Salon and Beauty shop and become a proud owner to the business. We together will make it happen!!