Studio11 Pro-Academy for Hair, Beauty & Wellness is conceptualized and promoted by Impel Ventures, which has founded Studio11 Salon & Spa, the fastest growing unisex salon & spa chain in India with over 130 salons across 19 states covering 50 cities. Impel Ventures has founded prominent names in other industries too ranging from foreign education to automobile care and are well known for attention to detail , path breaking innovation and benchmarking standards.
According to a KPMG report, the size of India’s beauty and wellness market is expected to be around Rs. 80,370 crores by 2017-2018. This includes the spa businesses, beauty products and salon industry. The salon industry already accounts for 31% share of the total beauty and wellness market. The beauty and wellness industry in India is growing at a CAGR of 18.6 % which is almost twice as that of US or European market.
Most of the training courses offered by unorganized small time players are not recognized by the industry and the candidates do not receive a premium for completion of these courses. Training offered by unorganized players who are not from the industry lack practical exposure and depth in curriculum and content. Scope for organized players in this segment is immense as there are very few professional academies currently operating in this space while most others do not even have a standardized curriculum or quality trainers.
According to report by KPMG & National Skill Development Corporation, the skill requirement in beauty & wellness sector is going to almost double in the next 4 years.
Workforce requirement in lakhs
| Segments | 2013 | 2017 | 2022 |
|---|---|---|---|
| Beauty & Salon | 3.40 | 6.20 | 12.10 |
| Beauty Products & Counter Sales | 0.70 | 1.00 | 1.80 |
| Fitness | 0.07 | 0.09 | 0.11 |
| Slimming | 0.02 | 0.03 | 0.04 |
| Rejuvenation | 0.03 | 0.08 | 0.21 |
| Total | 4.21 | 7.39 | 14.27 |
Given the current landscape in the beauty and wellness sector and relative dearth of established and organised training in this sector, there is immense potential for other players in the market. Studio 11 is already well established, reputed brand and fourth largest salon chain in India. Since the largest requirement for skilled labour is in the beauty & salon segment, the requirement for skilled labour is going to double in the next 4 years.
We draw on our rich industry expertise and vast experience to create courses for students from diverse backgrounds to lead them to excellence. Our trainings are designed to benefit both individuals entering the industry afresh, as well as, to supplement and strengthen the skills of established technicians. Our courses comply with international standards and are geared to contemporary market demands. It is almost assured that once you study with us, you will be absorbed into the Studio11 network across India.
As a valued partner, you get the license to use our brand name. Further, we provide full support, technical know-how & guidance to set up a centre. Our own customised software ensures smooth running of operations at the centre & helps manage all invoicing, accounting & operations online. We provide designs for advertising material such as banners, posters, and sign boards for use by your centre, and for internet marketing. Students’ scholarships & other schemes are run from time to time to give a boost to your business.
We conduct regular marketing activities to generate enquiries and all these student leads are passed on to your centre.
A full-fledged job Placements Team drives job placement preparation and connects with recruiters to find appropriate job openings for your trained students. Students completing their course with a certificte of merit at our academies will be considered for recruitment in Studio11 Salons.
We conduct regular faculty evaluations that help identify faculty members who need training. Faculty training & exams leading to certification are conducted, ensuring that your centre has faculty with the right skills to provide the best training to students.
Our ongoing efforts in updating the curriculum and content will help you offer the best courses at all times at your center.
The franchisee should own/ lease an appropriately large space (typically over 1400-1500 square feet carpet area) to start the new education centre. A central location, easily accessible by students, is preferred. The franchisee will make an investment of Rs. 30-35 lakhs (approx.). He/she will also require working capital for daily administrative expenses. Academy franchise has one of the best return on investments among all portfolio companies of Impel Ventures.
To know more about this exciting franchise opportunity please click here to submit your detailed profile and one of our franchise development managers will get in touch with you soon.