Neel David Salon Franchise is the best hair salon Franchise in India. We will discuss Neel David Salon Franchise Cost, Profit, Review, and How to Start the Franchise.
Starting in 2006 by Neel David, The franchise has 50+ salons in 10+ states in India. You can directly enroll for the Neel David Salon Franchise by filling up the form on their website or the form given below on this website.
Table of Contents
Neel David Salon Franchise Cost
- Neel David 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 800 Square Feets.
- Other Investments include Branding, Store Setup, and Interior Cost
- The Agreement will be for 4 Years, which will be renewed for 50% of the franchise fee if everything goes good
- Staff will be provided by the brand
- Royalty charged will be 15,000 Rupees
- The expected Return on Investment is 2-2.5 Years.
Neel David Salon Franchise Profit
We will analyze the Neel David Salon Franchise Profit Margin with the help of an example. We will deduct all the expenses from the Gross Sales. We are assuming Sales of 3,00,000 Rupees i.e. 10,000 Rupees per day.
| Particulars | Amount |
| Gross Service Sales | 3,00,000 Rupees |
| Per Customer Cost @10% | (30,000) Rupees |
| Rent | (60,000) Rupees |
| Electricity and Water Supply | (10,000) Rupees |
| Salary of Workers and their Expenses | (85,000) Rupees |
| Royalty @10% | (30,000) Rupees |
| Other expenses | (15,000) Rupees |
| Net Profit | 70,000 Rupees |
We can conclude that the Profit Margin of the Neel David Salon Franchise is 23.33% for Sales of 3,00,000 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 4.5 Lakh Rupees per month and the profit margin will be 40% on Sales or 1,80,000 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 Neel David Salon Franchise?
To get the Neel David 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.
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