INR 20 Lac - 30 Lac
Investment Range
300 - 500 Sq.ft
Area Required
200-500
Franchise Outlets
2010
Establishment Year
LENSKART.COM Products and Services
Lenskart looking for franchisees, a lifetime business opportunity for you to grab!
Lenskart 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 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 30% of net sales
- Break-even period of 15-18 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 – NO DEAD STOCK EVER
- Site selection and interior furnishing
- Personnel recruitment & training module
- Branding support by experts
Apply now for more details.
LENSKART.COM Cost and Investment
Commenced Operations
Operations commenced on
2010
Franchise commenced on
2013
Franchise Details
UNITS
Investment
INR 20 Lac - 30 Lac
Franchise/Brand fee
INR 224000
Royalty/Commission
25
Details
Exclusive territorial rights to a unit franchisee
Yes
Anticipated percentage returns on investment
25 %
Likely payback period
1-3 Years
Other investment requirements
INR 20lac - 30lac
LENSKART.COM 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,
LENSKART.COM Property Requirements
Type of property required for this franchise
Commercial
Floor area requirement
300 - 500 Sq.ft
Preferred location of unit
Mall/Commercial
LENSKART.COM Training
Training location
Regional office
Expert guidance from head office
Yes
Field assistance
Yes
Current IT systems included
Yes
LENSKART.COM 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