Is starting Raymond franchise a profitable business in India
Raymond is a trusted brand and its popularity is well known. In the worsted suiting Raymond rules and have about 60% market share in India and ranks amongst the first three fully integrated manufacturers of worsted suiting in the world. Top brands of Raymond Ltd are premium suiting fabrics, men's wear and accessories are Raymond, Park Avenue, Parx, ColorPlus and Notting Hill and all are very popular. Inspite of several upcoming brands in textile and fabrics Raymond is still the most preferred one. About 650 retail units of raymond are running successfully across the Country and overseas and is the largest chain in textile retail market.
After capturing the market in metros and tier 1, II and II cities, Raymond is now planning to expand in class IV and V towns having population of less than 5 lakhs, so this opportunity to be associated with Raymond by starting in franchise is not worth to miss if you are keen to develop retail market business. Even the Raymond franchise offer is for Countries like UAE and Bangladesh.
Raymond Ltd. franchise cost, investment returns, royalty fees and other requirements.
The total cost to start Raymond franchise, the largest retail chain in textile and fabrics in India ranges between30 to 50 lakhs. Since the franchise brand fee lies between 6 to 10 lakhs and rest for interiors, fixtures, furnitures and other accessories, so in class IV and V towns due to less land costs and other accessories the start up investment may even be less. The area should be at prime location with maximum visibility and minimum floor area should be about 1000 to 1500 sq feet.
Franchise training is given at the local level and the franchise agreement is made for 5 years and is renewable. The anticipated ROI for Raymond franchise is about 20% and the expected payback time of investment or break even period is expected to be about 2-4 years, though it depends on the area, location of outlet and few other local factors.
How to start Raymond Ltd textile retail shop franchise in India - Application process and contact details
If you want to join or to be a part of exclusive chain of Retail shops as a franchisee you can apply online at official website of Raymond Ltd at the /franchisee/index.asp page with complete detail and submit Mention about your financial soundness in details. You can also contact for franchise or any queries regarding franchise of Raymond at its corporate office situated at Mumbai. For franchise application of Raymond you can send your proposal with detail information at the address given below:
Franchisee, P.O.Box No. 30, Thane H.O - 400 606, Tel: 022-40367334
Website : http://www.raymond.in/
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