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Shubh Beauty Salon Franchise Costs, Fees & Profits

Shubh Beauty Salon Franchise Costs, Fees & Profits (2024)

Here’s what you need to know if you’re interested in opening a Shubh Beauty Salon franchise.

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KEY FRANCHISEE INFORMATION

Here are the most important stats to know for franchisees.

NUMBER OF LOCATIONS

89

INITIAL INVESTMENT

$80,000 – $185,000 

ROYALTY FEE

$1,000 per month
revenue

REVENUE PER YEAR

$0

Founded in 2019 and headquartered in Chicago, Illinois, Shubh Beauty Salon has established itself as a fast-growing franchise in the beauty industry. Recognizing the demand for high-quality salon experiences, they began offering franchises in 2019, allowing entrepreneurs to bring the Shubh Beauty brand to new locations.

Shubh Beauty caters to a broad clientele, offering a comprehensive range of services under one roof. From threading and waxing to facials and eyelash extensions, their skilled professionals provide expert services for all your beauty needs.

What sets Shubh Beauty apart is its focus on convenience and affordability. Customers can walk in for a quick service or schedule an appointment for a more elaborate treatment. Additionally, Shubh Beauty emphasizes offering competitive prices, making their services accessible to a wider range of clients.

Number of locations

TOTAL UNITS
89
FRANCHISED UNITS
89

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Initial investment

INITIAL INVESTMENT
$80,000 $185,000 
Type of ExpenditureAmount
Initial Franchise Fee$10,000
Required Furniture, Fixtures, Equipment, POS System and Inventory$15,000 – $42,000
Rent (First three months)$3,600 – $12,000
Non-Walmart Rental Security Deposit$3,000 – $8,000
Walmart Security Deposit$0 – $10,000
Non-Walmart Miscellaneous Deposits$500 – $1,000
Build-Out$15,000 – $50,000
Training Expenses$1,000 – $3,000
Insurance$2,500 – $5,000
Business advisors such as lawyers and accountants$4,500 – $9,000
Additional Funds – 3 months$25,000 – $35,000
Total$80,000 – $185,000

Note: The table above provides a snapshot of the main costs associated with starting the most common franchise format (as disclosed in the Item 7 of the Franchise Disclosure Document). For a complete overview of all the expenses involved with the various formats offered by the franchisor, please consult the Franchise Disclosure Document.

Franchise fees & Royalties

INITIAL FRANCHISE FEE
$10,000
ROYALTY FEE
$1,000 per month

Initial Franchise Fee

The Initial Franchise Fee is $10,000, payable in full upon signing the Franchise Agreement. For additional franchises opened within a year, the fee is reduced to $8,000 per franchise. This fee is non-refundable.

Royalty Fee

The Royalty Fee is a flat $1,000 per month or 12% of the franchisee’s monthly business, whichever is less. It is due on or before the 10th day of each month and is fixed and non-refundable.

Lease/Rent Fee

For franchises located within a Walmart store, a $10,000 refundable security deposit is required. Monthly lease payments are subject to the terms negotiated with the lessor and may vary.

Transfer Fee

The Transfer Fee is $5,000, payable at the time of franchise transfer to another entity. This fee is non-refundable, except in specific scenarios where the transfer is to a corporation controlled by the original franchisee.

Renewal Fee

The Renewal Fee is $4,000, due 30 days before the renewal date. This fee is non-refundable.

Profits

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How to apply

1. Understand Franchise Requirements

  • Who Shubh Beauty is looking for:
    • Individuals with strong sales and customer service skills, capable of engaging effectively with customers and managing salon staff.
    • Prospective franchisees should be adept at time and schedule management, crucial for running the salon smoothly.
    • High personal standards in business operations, including a commitment to excellence, honesty, and integrity.

2. Choose the Ideal Location

  • Location considerations:
    • Shubh Beauty Salons can be situated within Walmart stores or independent leased spaces outside of Walmart.
    • The recommended area for a Shubh Beauty Salon ranges from 300 to 1,000 square feet, adaptable to different venue sizes.

3. Acquire Necessary Licenses

  • Licensing requirements:
    • Franchisees or their general managers must possess a valid cosmetology license in the state where the salon operates, ensuring compliance with local regulations.

4. Complete Franchise Training

  • Training and support:
    • Shubh Beauty provides an initial three-day training program covering all aspects of running a beauty salon, held either at the headquarters in Chicago or another designated location.
    • Continuous support is offered as you establish and grow your salon, helping you maintain the brand’s standards and customer satisfaction.

Disclaimer

Disclaimer: This content has been made for informational and educational purposes only. We do not make any representation or warranties with respect to the accuracy, applicability, fitness, or completeness of the information presented in the article. You should not construe any such information or other material as legal, tax, investment, financial, or other professional advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any franchises, securities, or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the franchise and/or securities laws of such jurisdiction.

All content in this article is information of a general nature and does not address the detailed circumstances of any particular individual or entity. Nothing in the article constitutes professional and/or financial and/or legal advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in this article before making any decisions based on such information or other content.

Interested in buying a Shubh Beauty Salon franchise?

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