Example of Lenskart franchise investment details and some area requirements:
- ₹20 lakhs to ₹30 lakhs investment.
- ₹22,4000 franchise/brand fee.
- 25 % royalty/commission.
- The expected percentage return on investment is 25%.
- The capital payback period for a unit franchise is typically 1-3 years.
- No additional investment requirements.
How many locations does Lenskart have?
What is Lenskart?
What is Lenskart eyewear?
What is the eyewear industry in India?
What is brand fee?
Is investment important in Lenskart?
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Is Lenskart franchise profitable in India?
Lenskart offers you a profit margin of 25% to 30%, excluding the 25% royalty fee. For example, if you sell ₹10 lakhs in a month, your net profit will be between ₹2.5 lakhs and ₹3 lakhs.
How much does Lenskart franchise cost in India?
A premium store for all cities in India. Investment 35-40 Lacs. Lenskart : what do you call it or should I say how you see it ?? A Brand, an eye wear company or a revolution in the eyewear industry with a moto to defeat vision defect!
How much is Lenskart worth?
As of September 2020, Lenskart had 500+ stores in over 40 cities in India....Lenskart.TypePrivateKey peoplePeyush Bansal (Chairman, MD & CEO)Revenue₹963 crore (US$120 million) (FY 2020)Net income₹17 crore (US$2.1 million) (FY 2020)9 more rows
What is the most profitable franchise to own in India?
Top 10 Profitable Franchise Business Opportunities in IndiaDomino's franchise store.Dr Lal Pathlab Franchise.FirstCry Franchise Store.VLCC Franchise Salon.Kidzee Franchise.Jockey Franchise Store.Delhivery.Lakme Salon Franchise.More items...•
Does Lenskart profitable?
Lenskart which has had its fair share of troubles along the way with losses mounting, had recently turned profitable....Ratan Tata is exiting Lenskart with returns of almost five times the investment.YearProfit/LossFY17-₹263 croreFY18-₹118 croreFY19-₹27.8 croreFY20+₹17.7 crore1 more row•Mar 1, 2021
How much does Amul franchise cost?
Rs 6.00 lacs (approx.) Break up = Non-Refundable Brand Security - Rs 50,000 Renovation - Rs 4,00,000 (approx.) Equipments - Rs 1,50,000 (approx.) plus incidental cost. All Visicoolers and Deep Freezers should be Amul Branded to avail equipment purchase support amount.
Can I invest in Lenskart?
Investment Details An interested applicant is required to invest an amount of Rs. 25 Lakhs to Rs. 30 Lakhs and additionally brand fee of about Rs. 2,00,000.
Who has the highest stake in Lenskart?
Peyush Bansal holds an 8.21% stake in Lenskart. Peyush Bansal is the co-founder of Lenskart. If you are an ardent follower of the show Shark Tank India, you'd remember his Lenskart pitch in the last episode.
Who is the CEO of Lenskart?
Peyush Bansal (Nov 2010–)Lenskart / CEO
What is the cheapest franchise to open in India?
There are many low-cost franchise opportunities in India one can go for....12 Most Profitable Franchise Business Opportunities In IndiaTumbledry.Subway.Giani's.Jawed Habib Hair and Beauty Ltd.InXpress.DTDC Courier And Cargo Ltd.Lenskart.FabIndia.More items...
Which franchise has highest profit margin?
What is the most profitable franchise to own? According to the Franchise 500 list of 2021, Taco Bell is the most profitable franchise to own. The food chain has been franchising for nearly 6 decades and is still seeking franchises worldwide. As of 2021, they have 7,567 open units.
Which is the fastest growing business in India?
FMCG. Fast moving consumer goods sector in India is one of the fastest growing industry domains.
How much does KFC franchise cost in India?
1 to 2 croresTo start a KFC franchise in India, you may require an investment of 1 to 2 crores with a 1,000 – 1,500 Square feet commercial space that meets their guidelines. And there will be a 4-5% royal commission on the actual sales.
What is the cost of Domino's franchise in India?
Rs 35 - 50 lakhThe franchise cost for a Domino's Pizza store in India is Rs 35 - 50 lakh, relatively low compared to other countries. The cost to purchase a franchise for a traditional pizza joint ranges up to 50,000,000 rupees in India.
Who is the CEO of Lenskart?
Peyush Bansal (Nov 2010–)Lenskart / CEO
How does Lenskart earn money?
Lenskart sells other people's brands. But around 90 per cent of its revenues comes from its own brands. So it does not have to pass on sale profits to other players. Having its own production facilities also helps.
Lenskart.com Franchise Opportunity - Franchise India
Own your Lenskart.com franchise. Get the Lenskart.com franchising information including start-up costs, franchise fees, requirements, growth history and more. Join Lenskart.com franchise and be on your way to owning and running a successful franchise business.
How long does LensKart franchise last?
The entrepreneurs from all these areas can start a LensKart Franchise in India. The specified term period for the contract of the franchise is five years, and you can renew it after the completion of the previous agreement. Business training provides all aspects of conducting a franchise.
How much is Lenskart worth?
Lenskart’s net worth is INR 600 crore, with numerous stores in different cities and over 900 employees. The company aims to provide eyewear of high-quality at affordable prices to the Indians. With extensive social media campaigns, Lenskart has now reached its current reputation in the competitive E-Commerce world.
Why Invest in LensKart?
Before you invest in any company even to be a franchise, you must understand the unique selling point. Here, LensKart has its creativity in that area, and they have been using it in solving the problems and the business execution. They had started 3D testing for frames and glasses, which other such brands failed to bring up before LensKart did.
How to register for Lenskart?
The interested applicants can enroll for the LensKart Franchise by following five steps. The first step is to visit the official website of Lenskart. The second step is the franchise registration. On the homepage of the Lenskart portal, the applicants can see “Franchise,” and they have to click on it to register for the franchise. Further, the application form needs to be filled. On the screen, an application form will open up, and the applicants will have to fill the details to apply for starting a Lenskart franchise.
How many people do you need to manage a Lenskart store?
At least two to four people would be enough to manage the store. If they go for home eye checkup or Lenskart checkup, the team of employees must include opticians.
How long does it take to break even with LensKart?
The entrepreneurs can make 35 percent of net sales with a break-even period of 9 to 12 months. The LensKart Franchise in India is given an initial brand activation through the local media. They come with personnel recruitment and training modules. The experts offer branding support to the franchisees.
Where can I get Lenskart?
Location availability. The entrepreneurs can start the Lenskart franchise in north, south, east, west, central, and union territories in India. In the north, the franchise is available in Delhi, Jammu and Kashmir, Uttaranchal, Punjab, Haryana, Uttar Pradesh, and Himachal Pradesh. In the south, it is available in Kerala, Andhra Pradesh, Tamil Nadu.
What is Lenskart eyewear?
Lenskart aims to help to provide high-quality eyewear to millions of Indians at affordable prices, giving free eye check-ups at home and by extending its services to the remote corners of India.
How long does a franchise contract last?
The agreement of the franchise which contains the contract for the specified term period of five years from the date of the contract signed. One can also renew the franchise once the agreement period is terminated.
How many stores does Lenskart have?
Lenskart is one of the fastest growing retail businesses with 500+ profitable stores across 120+ cities and 50 Lac happy customers across India. Be a proud owner of a branded Lenskart store.
What is Lenskart eyewear?
Lenskart is breaking the norm of high price and limited styles in the eyewear industry. Lenskart stands for great quality and trendiest eyewear at affordable prices making each product great value for money. We have over 5000+ styles of eyewear. Free eye test to increase footfall.
Who makes zero error lenses?
Zero error lenses made by robots in world class facility and very competitive pricing
How long does it take to get commission on a discount?
No change in margins: During promo and discounts time. Commission and payout is done within 7 days of order
How many locations does Lenskart have?
Lenskart has a wide range of eyewear starting from eyeglasses, sunglasses, and contact lenses. At present Lenskart started operated in more than 1,000 locations. Apart from this, Lenskart providing an excellent business opportunity for visionary entrepreneurs, along with female entrepreneurs who is willing to start and established their business in the eyewear Industry.
What is Lenskart?
Lenskart.com is one of India’s largest online optical stores which primely sells glasses like eyeglasses, sunglasses, and contact lenses in more than 1,000 Indian cities and abroad.
What is Lenskart eyewear?
But before moving forward, Let’s try to understand what is Lenskart? Lenskart is India’s fastest-growing eyewear retails company. The company is a working mission to give the vision to every Indian who is needed for eyewear at an affordable price.
What is the eyewear industry in India?
In India, the eyewear industry is among the fastest-growing industry in the retail sector. Today the Indian eyewear market size is around Rs 11,000 crore in which the share of spectacles is 73%, sunglasses are 21% and contact lenses are around 6% of the total business. India’s eyewear industry is growing at 5% annually of which organized retail (chains) is about 22%.
What is brand fee?
The brand fee is an integral part of any business. This charge gives you the freedom to use the brand name which is already running a successful business.
Is investment important in Lenskart?
Investment is one of the most important parts of any business. Before moving toward the business you must have complete information about Lenskart franchise costs.