Geetanjali franchise is the best hair salon Franchise in India. We will discuss Geetanjali Franchise Cost, Profit, Review, and How to Start the franchise.
Starting in 1989, The franchise has 100+ outlets in India. You can directly enroll for the Geetanjali Salon Franchise by filling up the form on their website or the form given below on this website.
Table of Contents
Geetanjali Franchise Cost
- Geetanjali Franchise Cost ₹40,00,000 Rupees to ₹60,00,000 Rupees as an initial investment.
- Franchise Fee charged will be 10,00,000 Rupees
- The minimum area required is 500 Square Feets.
- Other Investments include Branding, Store Setup and Interior Cost
- The Agreement will be for 5 Years, which will be renewed for free if everything goes good
- Royalty charged will be 20% on Sales.
- The expected Return on Investment is 1.5 Years.
Geetanjali Franchise Profit
We will analyze the Geetanjali Profit Margin with the help of an example. We will deduct all the expenses from the Gross Sales. We are assuming Sales of 6,00,000 Rupees i.e. 20,000 Rupees per day.
|Gross Service Sales||6,00,000 Rupees|
|Per Customer Cost @32%||(1,92,000) Rupees|
|Electricity and Water Supply||(10,000) Rupees|
|Salary of Workers and their Expenses||(80,000) Rupees|
|Royalty @20%||(1,20,000) Rupees|
|Other expenses||(20,000) Rupees|
|Net Profit||1,08,000 Rupees|
We can conclude that the Profit Margin of the Geetanjali Franchise is 18% for Sales of 6,00,000 Rupees. The outlet may have less profits in the initial days but the store will gain high popularity eventually and will have great demand in the market.
After good Local Marketing and Branding, the Sales will increase to 9 Lakh Rupees per month and the profit margin will be 25% on Sales or 2,25,000 Rupees.
Location is crucial in determining a franchise’s success rate along with quality and service.
The location should have a very high footfall. It should be in the main market of that area. A corner outlet is the most preferable option.
You can open the outlet nearby colleges, corporates, or any place where people love to have Hair Salons.
How to get Geetanjali Franchise?
To get the Geetanjali Franchise, you have to fill out the Google form below then we will allot you a franchise specialist who will guide you the best.
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