Starting Raymond Retail shop franchise: Investment, Startup cost and ROI

There is a vast fashion world out there and it becomes really confusing when you want to start a business in the fashion Industry. For those of you who want to open a clothing retail store then Raymond retail shop is a good option. It is a well known brand and has a huge business in India and has been serving for 30 years. Following are all the details you should know to start a Raymond franchise.

Raymond Retail shop

Is Raymond franchise a good business option in India?

Raymond is one of the oldest and most loved brands in India. Amont the beaten suiting Raymond acquires about 60% of the market and is seeded among the top three of the worsted suiting manufacturers of the world; which is definitely quite an achievement. Some of the best Raymond brands are Park Avenue, Parx, premium suiting fabrics, ColorPlus and Notting Hill. These are well acknowledged brands and have quite a reputation in the market. With the increasing competition in the market Raymond still aces at what it manufactures. There are more than 650 retail units of Raymond that are running successfully throughout India.

Raymond is looking up for expansion after having set itself in the market of metro cities. There are a lot of opportunities for new franchises to be opened and that is where you can come into picture. Raymond is looking up to opening retail stores in tier IV and V cities. Raymond is a well known brand across the globe therefore the profits are assured and return on investment is good.

Cost and Investment

The cost required to open a Raymond franchise varies between 30 to 50 lakhs depending on factors like the city you have chosen to start the franchise and the location where you want to start the showroom. There is also a franchise brand fees of 6 to 10 lakhs which includes the expenditure of interior, furniture and other requirements of the store. There are certain area requirements for starting a Raymond retail shop franchise which is 1000 to 1500 square feet.

Raymond franchise provides training at a local level and there exists an agreement for five years which can be further renewed. An ROI of 20 % is usually probable but the returns are good and the expected payback time of investment is 2 to 4 years respective of the location of the School and the city in which the school is located.

Application Process

You can apply for Raymond retail shop franchise online at the official website /franchise/index.asp page. Here you will have to enter all the details that are asked and submit it. There will be details like contact information, postal address, email id, etc. You will be asked to provide details about your financial conditions. You can clear all your doubts and ask queries by contacting the corporate office located in Mumbai. You can also send your business proposal to open a Raymond franchise by post on the address provided below.

Contact Details
Franchise,
P.O. Box No. 30,
Thane H.O-400 606
Contact number: 022-40367334
Website: www.raymond.in


0 comments:

Post a Comment

Thank you for your comment.