Are you an aspiring entrepreneur seeking a thriving venture in the beauty and nutrition domains? Do you find yourself treading cautiously due to the apprehensions surrounding franchise businesses? Fret not, for we have the perfect solution that combines passion with unparalleled support – Orane International, India’s largest institute chain of beauty and nutrition courses.
Embarking on a franchise business journey is both thrilling and filled with fear. As aspiring entrepreneurs, it’s natural to have apprehensions before diving into the unknown. The fear of financial risks, intense competition, and the daunting task of breaking even can be overwhelming.
However, it’s essential to recognise that such concerns are valid but can be mitigated with the right support. By partnering with established and reputable brands like Orane International, these worries can be transformed into stepping stones towards success in the beauty and nutrition franchise business.
Let’s discuss the questions related to getting into the franchise business and how, with Orane, most of these risks are easily mitigated.
Understanding Franchise Business Risks
A) Loss of Investment:
One of the most common fears for prospective franchise partners is the possibility of financial loss. However, this risk is negligible for the beauty sector. According to Statista, India was ranked fourth globally for generating the highest revenue from the beauty and personal care market in 2022. Moreover, according to one study, the Indian beauty industry is projected to grow from USD 11 billion in 2017 to an impressive USD 30 billion by 2025.
With an average annual growth rate of 5.6% until 2025, this sector presents an enticing investment opportunity. Furthermore, as the demand for beauty solutions continuously rises among increasingly informed consumers, the industry continues to thrive, so the risk of losing investment in a beauty franchise is almost zero.
B) Level of Competition in the Beauty Sector:
The beauty industry is undeniably competitive, with concerns about market saturation topping the list for prospective franchisees. However, according to one report published on Mordor Intelligence, the sector’s projected Compound Annual Growth Rate (CAGR) of 4.23% over the next five years signifies its resilience and potential for growth.
Going by the various industry reports, the skill and talent requirement is going to grow at a CAGR of 20% YoY. For instance, you may have seen more branded salons pop up in your city. This clearly points to the fact that the transition from unorganised to organised trade is going to fuel growth. And with continuous growth, there is scope for thriving even under tremendous competition.
Moreover, by joining hands with Orane International, India’s largest chain of beauty institutes, prospective franchise partners can enter this dynamic and evolving market, confident in their ability to thrive amidst competition.
C) Royalty Fee and Profitability:
Understanding the concept of royalty fees is crucial when evaluating franchise opportunities. The royalty fee is a percentage of the revenue that franchisees pay to the franchisor for using their brand and support services.
While some may worry about its impact on profitability, it’s essential to consider the value it brings. With the global funding crisis for startups, increasing upfront investment to build your brand, and businesses’ payback periods being extended by decades, the franchise business model remains an excellent option. Check out this article to learn about the value a franchise business brings.
D) Time to Breakeven and Profit Generation:
Prospective franchise partners often wonder how soon they can break even and start earning profits. With Orane International, the journey to profitability is expedited. Through our well-structured training and operational guidance, most Orane franchises reach break-even within 18 to 24 months. In fact, some success stories even achieve this milestone in as little as 3 months.
This remarkable breakeven timeline is evidenced by data from the Franchise Business Review within Orane, where 72% of franchisees reported profitability within two years. Moreover, with our Tier 2 and Tier 3 models, we help maintain profit margins above the industry standard, ensuring sustainable and rewarding returns for our franchisees.
Orane International: Your Safeguard Against Risks
A) The Power of a Reputable Brand
When it comes to franchise business risks, one of the most crucial factors for prospective franchise partners is aligning with a reputable and established brand. In this regard, Orane International stands tall as a beacon of trust and success, as it is India’s largest chain of beauty institutes and has affiliations with the UK’s CIBTAC and Switzerland’s CIDESCO.
B) Beauty Sector – A Lucrative Investment
For franchisees seeking a lucrative investment, the beauty sector in India presents a realm of unmatched potential. As stated, with India ranking fourth globally for generating high revenue from the beauty and personal care market, the industry is set to soar even higher.
Moreover, the cultural shift towards Western beauty trends in India has led to increasing demand for beauty and personal care services. This shift provides an added advantage for prospective franchise partners in the beauty sector, making it an attractive and rewarding investment.
C) Rapid Breakeven and Profit Generation
Orane International’s franchise model is designed for success, enabling franchise partners to achieve rapid breakeven and profitability. Real-life examples of franchise partners attaining quick success with Orane exemplify the efficacy of their well-structured business approach.
D) High-Quality Support and Infrastructure
One of the cornerstones of Orane International’s franchise success lies in its commitment to providing high-quality support and infrastructure. Franchisees benefit from extensive marketing assistance, enabling them to reach their target audience effectively. Additionally, Orane’s well-established infrastructure enhances the overall brand experience, ensuring uniformity and credibility across all centres.
E) The Power of NSDC Partnership
Orane International is a grade-A certified training partner with NSDC, underscoring its commitment to top-notch education. Being associated with a government-recognised skill development organisation enhances Orane’s credibility and assures prospective franchise partners of the quality of training. This partnership sets Orane apart as a reliable and trustworthy franchise option, dedicated to excellence and success.
Conclusion
To sum it up, franchise businesses can be daunting, but Orane International is here to turn your fears into triumphs. We’ve addressed the risks surrounding investment, competition, and breakeven periods in the beauty sector. Orane is the ideal franchise partner option due to its proven track record, unwavering support, and rapid success stories.
With Orane by your side, which has been associated with hundreds of success stories since 2009, you’re assured of being profitable in your entrepreneurial journey. Don’t miss out on this incredible opportunity! Embrace the beauty sector’s potential and take charge of your future. Reach out to Orane International now by calling +91-7341117097 or sending mail to franchiselead@orane.com, and let’s set you on the path to success in the beauty industry!
Frequently Asked Questions
Question: Is the franchise business risky?
Answer: While all businesses carry some level of risk, partnering with a reputable brand like Orane International minimises the risks associated with franchise ventures.
Question: How soon can I start making profits?
Answer: With Orane’s robust support and training, most franchise partners can achieve breakeven within 18 to 24 months, some even as quickly as 3 months.
Question: What sets Orane apart from other franchises?
Answer: Orane’s NSDC partnership, long experience, established reputation and comprehensive support make it a standout option for prospective franchise partners.
Question: Is the beauty sector a lucrative investment?
Answer: Absolutely! India’s beauty industry ranks fourth globally for generating high revenue and is projected to grow substantially in the coming years.
Question: How can I get started with Orane International?
Answer: It’s simple! Reach out to Orane, explore franchise opportunities, and take the first step towards an exciting and prosperous entrepreneurial journey!
