No. of franchise outlets:
Minimum Area Required:
Business Profile : Number Of Units:18 company owned and 2 FranchisedSIA
"Investment Required:10 lacs to 40 lacs
1) The premises should have minimum frontage of 15ft and minimum height of 10ft.
2) The stocks will be on consignment basis. The minimum stock would be of 2500 to 3000 pcs amounting to approx Rs.35 lacs. The Franchisee has to keep a security deposit of 50% of the stock value at the store
3) The interior cost will be approx 12 lacs in a carpet area of 500 to 600 sq.ft. (Includes cost of Props, signage, software, hardware, accessories etc)
4) One time franchisee fee of Rs.2 lacs + service tax
5) The total investment required from the franchisee will be approximately between Rs.30 to 32 lacs.
6) The company will provide the following :-
a) 0pening Invitation Cards approx between 800 to 1000 cards depending upon the requirement. (Rs.20000/-)
b) All advertisement cost at local will be shared equally between the franchisee and the franchisor.
c) One Manager will be provided by the company at the store level.
d) The company will provide a mark down of 28% ex-factory on MRP. All incidental expenses or levy to be borne by the franchisee.
e) The franchisee will conduct two end of season sale in a year; the value loss incurred during end of season sale will be borne equally between the Franchisor & the Franchisee.
f) The company will reimburse loss incurred due to genuine customer returns of merchandise.
The franchisee should submit a DD or at par cheque of Rs.5 lacs as token amount in favour of SIA LIFESTYLES PVT.LTD.. "
Business Opportunity : NOT MENTIONED
Contact Person : Mangal Goswami