How To Get Lotus Salon Franchise: Cost, Profit In 2024

Lotus Salon Franchise is the best hair salon Franchise in India. We will discuss Lotus Salon Franchise Cost, Profit, Review, and How to Start the Franchise.

Starting in 2001, The franchise has 700+ salons in 20+ states in India. You can directly enroll for the Lotus Salon Franchise by filling up the form on their website or the form given below on this website.

Lotus Salon Franchise Cost

  • Lotus Salon Franchise Cost ₹20,00,000 Rupees to ₹25,00,000 Rupees as an initial investment.
  • Franchise Fee charged will be 5,00,000 Rupees+GST
  • The minimum area required is 1000 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 15% on Sales or 25,000 Rupees whichever is higher.
  • The expected Return on Investment is 2-2.5 Years.

Lotus Salon Franchise Profit

We will analyze the Lotus Salon 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.

ParticularsAmount
Gross Service Sales6,00,000 Rupees
Per Customer Cost @32%(1,92,000) Rupees
Rent(70,000) Rupees
Electricity and Water Supply(10,000) Rupees
Salary of Workers and their Expenses(80,000) Rupees
Royalty @15%(90,000) Rupees
Other expenses(20,000) Rupees
Net Profit1,38,000 Rupees

We can conclude that the Profit Margin of the Lotus Salon Franchise is 23% 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 30% on Sales or 2,70,000 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 Lotus Salon Franchise?

To get the Lotus Salon Franchise, you have to fill out the Google form below then we will allot you a franchise specialist who will guide you the best.

Thanks for reading the blog, If you have any queries regarding the franchise then you can ask me in the comment box or on my
Instagram- https://www.instagram.com/franchise.information/

For more such informational franchise blogs, you can check our franchise review list here- https://aftercolleges.com/category/franchise-business

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