INR 20 Lac - 30 Lac
Investment Range
500 - 750 Sq.ft
Area Required
Less than 10
Franchise Outlets
2011
Establishment Year
Bharat Cycles Products and Services
Top Speed Cycle - A Venture by Bharat Cycles is a specialty bicycle retailer offering high-quality bicycles and accessories from very reputable brands (Including an exclusive deal with Firefox brand). The brand offers bicycles that are designed and built to the highest quality standards ride better and last longer.
All the bicycles, from kids' bikes to custom road bikes, are fine-tuned by professional mechanics. The brand also provides expert assistance in choosing the right type of bicycle for your riding needs as well as the correct size frame. Top Speed (Bharat Cycle) plans to open 100+ stores at a pan-India level in the next 5-10 years, with the aim to be a 100 cr+ turnover company.
Good Reasons To Partner With Top Speed Cycle:
- Proven experience of 40+ years in the industry including selling, renting & repairing services.
- Successfully running 10+ stores across multiple cities
- Multi-Brand Supply Chain
- Best Margins & Commissions Offered
- Inventory in form of Working Capital
- Technical support from Company (Training arrangement with partner brand + Quality Check on products done) before supplying to Franchisee
- High Margins & Incentives
- Advance ERP to Track Sales, Commissions and Inventory
- Technical Skills Certifications for Franchisee
- Marketing & Social Media campaigns to generate traffic at Stores
- Additional Margin for high sales Total Investment 25 L (only 10L fixed Cap)
- Commission of 5-7% provided to Franchisee for online orders fulfilment through stores
Bharat Cycles Cost and Investment
Commenced Operations
Operations commenced on
2011
Franchise commenced on
2013
Franchise Details
UNITS
Investment
INR 20 Lac - 30 Lac
Franchise/Brand fee
INR 200000
Royalty/Commission
0%
Details
Exclusive territorial rights to a unit franchisee
Yes
Anticipated percentage returns on investment
50 %
Likely payback period
2 years
Other investment requirements
No
Bharat Cycles Expansion Plans
NORTH
SOUTH
Andhra Pradesh,
Karnataka,
Kerala,
Tamil Nadu,
Telangana,
EAST
WEST
CENTRAL
UNION TERRITORIES
Bharat Cycles Property Requirements
Type of property required for this franchise
Commercial
Floor area requirement
500 - 750 Sq.ft
Preferred location of unit
Semi Commercial
Bharat Cycles Training
Training location
At brand outlet
Expert guidance from head office
Yes
Field assistance
Yes
Current IT systems included
Yes
Bharat Cycles 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