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 much does Lenskart franchise cost in India?
The Lenskart franchise cost in India varies from INR 25 Lakhs to INR 30 Lakhs, and the additional brand fee is almost INR 2, 00,000. Therefore, investing in the Lenskart franchise is a very profitable business. 2. Is the Lenskart franchise profitable?
How do I start a Lenskart business?
The first way is to buy their franchise and start your own LensKart business at your place. The second thing is if you have land or property, which has excellent foot traffic to the nearby areas, then you can directly contact them, and they will set up the store in your property, and you will get in return some amount as the rent.
How many Lenskart locations are there?
Lenskart owns a range of eyewear from eyeglasses, sunglasses and contact lenses and is present in more than 1,000 locations. Also, Lenskart provides franchise opportunities for entrepreneurs and those wishing to establish a business in the eyewear industry.
What makes Lenskart different from other retailers?
Lenskart has its own team of designers and stylists that keep a tab on the latest trends in the eyewear department, the designs made by the team are then passed down to the manufacturers. In order to reach the masses, they have also ventured into offline stores through the franchises model.
How long does LensKart franchise last?
How much is Lenskart worth?
Why Invest in LensKart?
How to register for Lenskart?
How many people do you need to manage a Lenskart store?
How long does it take to break even with LensKart?
Where can I get Lenskart?
See 2 more
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?
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.
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
Which is the most profitable franchise 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...•
What is the cost of McDonald's franchise?
The Franchise fee of McDonald's goes for around 30 lakhs INR; however, this fee is also attached with a 4 % monthly royalty fee as service fees to the brand. The actual investment amount differs, a business owner needs to keep a rough estimate of around 6 to 14 Crores.
How much does KFC franchise cost in India?
Capital Investment for a KFC Franchise in India The estimated start-up cost can range from ₹ 96 lakhs to ₹ 2 crores. Also, ₹ 36 lakhs is required as a franchise fee to become a KFC franchise owner in India. In addition, a royalty fee of 5% is needed to be paid to the company on gross monthly receipts.
Is Lenskart running in loss?
While all the new ventures posted heady sales, they were in losses. Lenskart, interestingly, was immensely profitable: Around ₹1 crore on sales of ₹2 crore. Bansal was in a fix.
Is Lenskart loss making?
Such revenue grew by around 11% to Rs 41.24 crore during FY21 from Rs 37.2 crore in FY20. Lenskart earned another Rs 8.4 crore from the provision of ancillary services including eye check et al in FY21.
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?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
What franchise can I buy for 20k in India?
Invest just Rs. 20,000 and start-up these 10 businesses to earn lakhsDriving School. To start a driving school is an excellent idea. ... Translation Services. ... Social Media Support. ... Second Hand Car Dealership. ... Ice-cream Parlour. ... Medical Tour Service. ... Day Care Service. ... Virtual Assistant.More items...•
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.
How much does a Subway franchise cost in India?
How much is the investment and franchisee fee? The investment can range from INR 6,098,000 to INR 11,979,400. This includes the initial franchise fee of INR 650,000. For a better idea of the capital requirements, click here.
How to Get Lenskart Franchise 2022| Franchise cost, Profits
Lenskart Store Area Requirements. Area For Lenskart Franchise store: 300-500 sq ft. You can set up your outlet in between 300 to 500 square feet. But remember for better earning your location must be in a high potential area near optical stores. neighborhood eye clinics, malls, near the marketplace, top corner shops, in high traffic areas, main road, and near to airports.
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.
Lenskart Franchise Partner | Cost Investment - IndianCompanies.in
Lenskart Franchise Partner Program is one the most profitable franchise Partner business in India. The company was Founded in 2010, By an ex-Microsoft ‘techie’ with no money but truckloads of relentless passion to make a difference in this world, Lenskart is India’s fastest growing eyewear business today.
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.
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 to start a LensKart business?
The first way is to buy their franchise and start your own LensKart business at your place. The second thing is if you have land or property, which has excellent foot traffic to the nearby areas, then you can directly contact them, and they will set up the store in your property, and you will get in return some amount as the rent.
How many stores does Lenskart have?
Suppose we talk about the success of the lenskart brand till the date. Then as per data of 2019, the stores of lenskart have 500 numbers in around 70 cities in India.
What is Lenskart eyewear?
Lenskart a unique Revolutionary eyewear brand that provides the top quality frame and glasses for men, women, and kids with face tests.
Where are Lenskart eyeglasses made?
One of the significant manufacturing units situated in Delhi nearly makes 300000 eyeglasses in a month, which is vast. After eight years, Lenskart has decided to launch another brand name of the brand is John Jacob, Which was successfully established in 2017, and within two years, the brand reached 500 Crore revenue.
What is LensKart?
LensKart is the one-stop-shop for all of your eye-related accessories, including eyeglasses, sunglasses, contact lenses, frames, etc.
Why do people buy sunglasses offline?
Most people would love to buy their sunglasses offline because they had to check the quality, appearance, and colors of the frame before purchasing. After the digitalization, the brand has decided to go online, and now they have successful E-Commerce stores.
Is it a good time to buy LensKart sunglasses?
If you are a new customer or haven’t tried any LensKart glasses, then it’s the right time to buy the first sunglasses. In the first order, they always give the new customer free, so without wasting time, visit the website today.
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 Lenskart stores are there?
In order to reach the masses, they have also ventured into offline stores through the franchises model. Lenskart currently has 500 stores across more than 66 cities, including in tier II and tier III locations such as Agartala, Tirupati, Siliguri, Raipur, Haridwar and Varanasi, among others.
What is the lenskart business model?
Lenskart Business Model: First and The Only Brand to use Robotic Technique. PV Vyshnavi. Lenskart is an Indian online portal for eyewear, founded by Peyush Bansal in November 2010 in Delhi. The company's portfolio of products ranges from prescription glasses, contact lenses to sunglasses. Its business model is what makes ...
How many styles of eyewear does Lenskart have?
Lenskart has over 5000 styles of eyewear, which is 5 times more than that any retailer in India. Also, they provide a seamless user experience to their customers. Their lenses are durable and long-lasting along with their funky to casual looks.
What is Lenskart online?
Lenskart is one of the e-commerce companies that operate in both online and offline distribution channels. Customers can order their products over the online portal or from Lenskart's uniquely designed offline store. The company is revolutionizing the eyewear industry through first its kind “Home eye checkup”.
How many frames does Lenskart have?
Lenskart offers over 5000 frames and glasses and more than 45 different kinds of high-quality lenses. The company follows an inventory-led business model wherein equal sourcing is done from India and China.
When did Lenskart launch?
Flyrr went on to gain good traction and this prompted him to test the waters in the Indian markets and launch Lenskart in November 2010. Lenskart then started with just selling contact lenses and added eyeglasses a few months later continued by the sunglasses.
Why is customer engagement important for Lenskart?
With this strategy, the company focuses on delivering the right product, at the right time and at the right place. For Lenskart, customer engagement is more important as they help their customers get a shopping experience tailored as per their preference. Lenskart is trying to keep itself close to the customers and increase trust by providing a value proposition.
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.
