Shubh Beauty Salon Franchise FDD, Profits, Costs & Fees (2024)
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.
Shubh Beauty Salon Franchise Stats
Shubh Beauty Salon
Number of units: 89 franchises
Initial investment: $80,000 - $185,000
Initial Investment
How much does it cost to start a Shubh Beauty Salon franchise? It costs on average between $80,000 – $185,000 to start a Shubh Beauty Salon franchised business.
This includes costs for construction, equipment, inventory, and initial operating expenses. The exact amount depends on various factors, including the location, and whether the franchisee chooses to lease or purchase the property.
Type of Expenditure | Amount |
---|---|
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 |
Shubh Beauty Salon Franchise Disclosure Document
Frequently Asked Questions
How many Shubh Beauty locations are there?
As of the latest available data, Shubh Beauty operates over 60 locations. These locations consist of both company-owned and franchise-owned outlets, with most situated within Walmart stores. .
What is the total investment required to open a Shubh Beauty franchise?
The total investment required to open a Shubh Beauty franchise ranges from $80,000 to $185,000.
What are the ongoing fees for a Shubh Beauty franchise?
A Shubh Beauty franchise requires ongoing fees, including a 6% royalty fee based on gross sales and a marketing fee ranging from 1% to 2% of gross sales. These fees help fund franchise support and advertising efforts.
What are the financial requirements to become a Shubh Beauty franchisee?
To become a Shubh Beauty franchisee, the financial requirements include a minimum net worth of approximately $300,000.
Additionally, prospective franchisees are expected to have liquid capital of around $75,000 to $100,000. These financial benchmarks ensure that franchisees have the necessary resources to cover the initial investment and sustain operations during the early stages of their business.
Who owns Shubh Beauty?
Shubh Beauty is owned by Shubh Franchise LLC, which was formed in 2021. The company is based in Illinois and was initially organized under the name Shubh Franchise II LLC before merging with Shubh Franchise Inc. This merger led to the creation of the current entity, Shubh Franchise LLC.
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