Grooming is now an essential part of everyone’s lifestyle, be it in the metropolitan cities or the smaller towns across India. Consumers are no longer reliant on just home remedies and therefore want to reach out to professionals for their beauty needs. Beauty salons offer a wide range of services that are not just limited to a haircut. Right from hair styling, spa, professional massage, manicures and pedicures to hair colour and bridal makeup — the list goes on. Smaller towns are opening up to gender-neutral salons, where even men can not only get their beards groomed and hair cut, but also opt for a facial or a manicure and pedicure.

The beauty industry has been rapidly growing in India over the last few decades and now caters to men and women of almost all age groups. Due to rising incomes, rapid urbanisation, increasing working population and technological advancements, the industry offers massive opportunity and great business prospects.

The scope of work in tier II and tier III cities is constantly growing. Consumers are open and excited to experiment with newer trends and a variety of products and services within the beauty and wellness industry. They are all about keeping up and being at par with the bigger cities, which in turn grows the demand for a range of in-salon services. Extensive services will require a rather large team that will of course be trained to fit into the brand’s technical language. Unlike metropolitan cities, recruitment within these smaller towns will be a lot easier –– more people to hire and more importantly, more people willing to learn and improve their skill set.

Buying a franchise is a safer and viable alternative to starting a business from scratch. Franchising refers to a business model where a franchisee can use franchising to start a business on a pre-established brand name of the franchisor. In a franchise business, the franchisor provides a developed way of doing business, ongoing guidance, systems and assistance in return for upfront commencement fee, periodic payment of royalty or for profit sharing arrangement. As a result, the franchise can predict its success and reduce risks of failure.

A Project Report is not only essential for obtaining financial assistance from Bank/ Financial Institution/Funding Agency but also the most important document either to participate in the development schemes of MSME Sector/ Department of Industries or in completing various time consuming government formalities connected with planning and commercial operation of the proposed business project.

This Detail Project Report (DPR)/ Business Plan has been developed in a well-structured PDF Format to be presented as a Ready Project Proposal immediately thereby saving precious time of the promoter in the process of completing requisite formalities in anticipation of setting up the business project. Accordingly, following Project Templates has been deliberately left blank in order to facilitate customisation by the perspective entrepreneurs based on personal requirements and furnish necessary information on actual basis.

§ Project at a Glance                                     :             To be Filled Up as per Personal Requirements.

[Total Capital Expenditure, Working Capital, Estimated Cost of the Project, Amount of Bank Loan, Amount of Equity Capital and Amount of applicable Margin Money Subsidy – (Urban/Rural /General Category/ Special Category)].

§ General Information and Location          :             To be Furnished in the Blank Space.

[Name of the Unit/Firm, Address of the Proposed Project Location, Size of the Space Available and Occupancy under Ownership/Lease Agreement].

§ Promoter’s Background                            :             To be Furnished in the Blank Space.

[Name of the Promoter, Age, Communication Address, Educational Qualification, Work Experience and Special Training Attended, if Any].

This Project Report/ Business Plan covers all the important aspects of the Project containing Highlights of the Project, Introduction, Market Analysis, Operational Aspects and Financial Aspects. The presentation also supplements with important facts and useful information covering the areas as indicated below; 

LIST OF ANNEXURES

1.     Statutory Permits and Business Licenses required for the Project

2.     Smart Tips to Identify Suitable Project Location

3.     Beginner’s Guide to Start the Project

4.     Critical Success Factors in MSE Business and

5.     Marketing Strategy and Promotional Ideas to Boost the Sale of the Business.

LIST OF ENCLOSURES

ENCLOSURE-1: E-BOOK ON SCHEMES FOR MSMEs, MINISTRY OF MSME, GOVT. OF INDIA.

ENCLOSURE-2: SALIENT FEATURES OF MUDRA LOAN SCHEME, MINISTRY OF MSME, GOVT. OF INDIA.

ENCLOSURE-3: FAQ ON MUDRA LOAN SCHEME.

ENCLOSURE-4: BRIEF ABOUT PSB LOANS IN 59 MINUTES SCHEME.

ENCLOSURE-5: FAQ ON PSB LOANS IN 59 MINUTES SCHEME.

Thus the information provided would help in identifying in advance the infrastructure/resources required for the Project and approach the concerned government agencies accordingly. Hence, it becomes a complete document for further action towards realising the dream of becoming an entrepreneur.