FRANCHISOR OPPORTUNITIES
Retail
LENSKART
Category: Retail
Area: 200-500 Sqft
No. of Franchise Outlet: 12
Investment:Rs 5 lac - Rs 10 lac
Business Details
Lenskart.com is India’s largest online optical store that sells eyeglasses, sunglasses and contact lenses to more than 1,000 cities in India and abroad. A young and vibrant brand, Lenskart boasts of an infinite range of eyewear with a multitude of optical brands. There are thousands of glasses to choose from with millions of satisfied customers across the nation. Brand USP An established and credible name in the online and offline optical industry A huge range of premium eyewear brands and designs Low investment, high return business proposition Franchisee makes 35% of net sales Break-even period of 9-12 months Support to ensure cash break-even for initial 6 months Eyewear Market Graph Indian eyewear industry is projected to reach a stupendous $ 14,856.9 million by 2018! Its revenue stood at $ 1247 million in FY 2007, increasing at a CAGR of 27% between FY 2007–2013! Acc. to the latest Govt. survey, the premium sunglasses segment which accounts for 30% of the Indian eyewear market, is growing at a rate of 40% per year! Franchise Support Initial brand activation through local media Stock correction every month – NO DEAD STOCK EVER Site selection and interior furnishing Personnel recruitment & training module Branding support by experts
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LENSKART Investment Detail
Date Commenced Operations
:2010
Date Commenced Frachising / Distribution
:2013
Are you looking for Franchise ?
Unit
Area
Investment
Storewise
Rs 5 lac - Rs 10 lac
Is there exclusive territorial rights given to a unit franchise?
:Yes
Are any performance guarantees given to unit franchisees?
:No
What is the anticipated percentage return on investment?
:20 %
What is the likely pay back period of capital for a unit franchise?
:1 Years
Are there other investment requirements?
:
LENSKART Property Details
What type of property is required for this franchise opportunity?
:HighStreetCommercial
Floor area requirement
:200-500 Sqft
Preferred location of Franchisee outlet:?
:Near neighbourhood clinics, malls, high streets, high traffic areas, corner shops, outlets facing the main road and lastly airports.
LENSKART Training Details
Do you currently have detailed Operating Manuals for franchisees?
:Yes
Where is the franchisee training done?
:At Franchisees Location
Is field assistance available for franchisees?
:Yes
Will someone from Head Office assist me when I open my franchise?
:Yes
What IT systems do you presently have that will be included in the franchise?
:
LENSKART Other Details
Do you have a standard Franchise Agreement?
:Yes
How long is the franchise term for?
:5 Years
Is the term renewable?
:Yes