Under Rs.10 lakhs
Investment Range
600 - 1000 Sq.ft
Area Required
90+
Franchise Outlets
2005
Establishment Year
SpeedForce Products and Services
India is a fast-growing market for the
automobile industry. There is a substantial amount of growth seen in the
two-wheeler automation industry. Within the last six years, the two-wheeler
industry has shown an astonishing growth of 12% each year which shows how
rapidly it is growing every day. However, there is a huge gap between the Sales
and Servicing of 2W. There are about 9Crs. two-wheelers sold across the nation
in the last six years and there are only 4 maintenance services given to
two-wheelers each year. Manufacturers are focused on providing maintenance
servicing with the warranty period and the local service stations lack in terms
of providing a high quality of servicing for two-wheelers. For many customers,
this was a huge matter of concern as they were spending more on getting good
quality service for their two-wheelers.
SpeedForce Cost and Investment
Commenced Operations
Operations commenced on
2005
Franchise commenced on
2005
Franchise Details
UNITS
Investment
Under Rs.10 lakhs
Franchise/Brand fee
2 Lakhs
Royalty/Commission
8%
Details
Exclusive territorial rights to a unit franchisee
Yes
Anticipated percentage returns on investment
18%
Likely payback period
12- 20 Months
Other investment requirements
Rs. 8 Lakhs - Rs. 10 lakh
SpeedForce Expansion Plans
NORTH
Delhi,
Haryana,
Himachal Pradesh,
Jammu & Kashmir,
Punjab,
Uttar Pradesh,
Uttarakhand,
SOUTH
Andhra Pradesh,
Karnataka,
Kerala,
Tamil Nadu,
Telangana,
EAST
Arunachal Pradesh,
Assam,
Manipur,
Meghalaya,
Mizoram,
Nagaland,
Orissa,
Sikkim,
Tripura,
West Bengal,
WEST
Goa,
Gujarat,
Maharashtra,
Rajasthan,
CENTRAL
Bihar,
Chhattisgarh,
Jharkhand,
Madhya Pradesh,
UNION TERRITORIES
Andaman & Nicobar,
Chandigarh,
Daman & Diu,
Lakshadweep,
Pondicherry,
SpeedForce Property Requirements
Type of property required for this franchise
Commercial
Floor area requirement
600 - 1000 Sq.ft
Preferred location of unit
commercial
SpeedForce Training
Training location
Head Office
Expert guidance from head office
Yes
Field assistance
Yes
Current IT systems included
Yes
SpeedForce Agreement Details
Do you have a standard franchise agreement?
Yes
How long is the franchise term for?
Lifetime
Is the term renewable?
Yes
About Franchise Times
Who We Are?
Franchise Times was promoted by professionals with over 25 years of hands on experience in Franchising. The foundations of Franchise Times were laid to assist entrepreneurs from start-ups, SMEs NGOs and corporates to develop sustainable franchise networks. Our multi-disciplinary and tested approach ensures that the appropriate talent and experience are applied at every stage of our work to ensure our clients' business needs are served professionally and in a cost effective manner.At Franchise Times our success is measured by the growth of our clients' businesses. Within a decade of operation we have created over Rs. 5 million worth of enterprise value for our clients. We've advised over 200 networks and established multiple franchised network locations in India and abroad. We know exactly what it takes to grow a business - many of our clients have come to us with a single location and we've assisted their expansion to India and abroad.
Franchising is a wonderful way to go into business for yourself, but not by yourself. Franchising is an example of teamwork at its best, bringing together talents of a dedicated professionals and management team with hard work, zeal and entrepreneurial spirt of franchisees at the local level to serve our customers.
What We Do?
Franchise Times can help you expand your network in existing and new markets (globally), acquire new clients and increase your revenue, all at a substantially reduced costs.At Franchise Times we follow an innovative approach that offers customized solutions to meet your specific needs in franchising. Staffed with professionals in sales, marketing, logistics and legal who are well empowered and phone-productive, we bring transformational rewards to your business.
Our offering include
- Franchise Opportunities
- Buisness Consulting
- Digital Consulting
- Awards and Events