Introduction on How to Get Lenskart Franchise?
Are you planning for Lenskart Franchise then you are at the proper place, here we have explained the specifications about Lenskart optical franchise. Lenskart.com is India’s rapidly expanding eyewear business presently started in 2010 by Peyush Bansal. The mission is to render vision to every Indian at a reasonable price. Lenskart is seeking entrepreneurs to partner with us to modernize eyewear in India. Lenskart is already having greater than 160 profitable stores across the nation. They also encourage special programs for women entrepreneurs.
A step by step guide to start a Lenskart Franchise in India
In this blog, we share the procedure for beginning a Lenskart Franchise in detail.
Lenskart Franchise business opportunity
Lenskart.com is India’s largest online optical shop that sells various types of glasses- eyeglasses, sunglasses, and contact lenses to about 1,000 cities in India and overseas. Additionally, Lenskart provides offers for entrepreneurs who plan to establish a business in the eyewear segment.
Currently, the eyewear industry has transformed into one of the fastest-growing retail segments in a country like India. In 2016, the Indian eyewear market was projected about Rs.8,400 crores and is estimated to raise to Rs.12, 600 crores in the future. So, having the benefit of the above exponential growth in the eyewear field, businessmen can initiate a Lenskart franchise to utilize franchise opportunities.
Lenskart is always looking for franchisees and it’s a lifetime business opportunity for anyone who plans to invest in the optical business segment.
The market potential for Eyewear in India
The Indian eyewear sector is expected to attain a stunning growth of $ 14,856.9 million by 2018!
Its revenue was seen as $1247 million in the year 2007 with the growth at a CAGR of 27% between 2007–2013.
The simple process for Lenskart Franchise online in India
Step 1: Mainly we should visit the official Lenskart Website
Step 2: Select the Third Option “FRANCHISE”
Step 3: A Simple form is seen where we have to submit basic details of the applicant such as name, email address, telephone number, and type of property.
Step 4: After filling click on “SUBMIT”
Franchise Support:
Initial brand activation and publicity using electronic and print media.
Location selection and interior furnishing.
Staff appointment & training as well.
Branding support with help of experts.
The cost required for Lenskart Franchise in India
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Any applicant who wants to start a Leskart Franchise should have around ₹20,00,000.
A detailed break-up of Leskart Franchise Costs has been included below.
Showroom Rent- ₹30,000 to ₹50,000 (For rental area) or if you plan to buy then the cost will be ₹50,00,000 to 1,00,00,000 depending on the location and area of the Franchisee.
Shop Glowsigh board ₹25,000 to ₹35,000.
Shop Renovation charges ₹250,000 to ₹3,00,000.
Manpower salary ₹10,000 each for 4 employees it will be ₹40,000.
Eye Frames Stock ₹100 each and for a stock of 500 frames it will cost around ₹50,000.
Eyeglass number testing machine ₹1,35,000.
Stationery items ₹300 per month.
Power bill ₹2000 to ₹4000 per month.
Computer/Laptop ₹40,000.
The printer cost ₹5,000.
Printable A4 Size Sheets 1Packet ₹200 monthly.
AC cost ₹35,000 to ₹40,000.
Store cleaning ₹1,000.
CA Fees will be ₹250 0to ₹3,000 per month.
GST on eyeglasses and frames is 18% on total sales for instance if you get ₹3,00,000 per month then you have to deposit ₹54,000 per month.
Internet bill ₹1,200 per month.
Phone costs ₹1,200.
Total charges will be about ₹7,59,900.
Store area required for Lenskart Franchise
Area needed for Lenskart: 300-500 sq. ft.
The outlets can be set-up between 300-500 square feet; must be situated in potential areas for instance as near optical stores, near neighborhood hospitals, shopping malls, the marketplace, traffic areas, corner shops, main road, and airports.
Details required for Lenskart Franchise
There are many benefits for selecting Lenskart Franchise some of which are mentioned here:
An established and trustworthy brand in the online and offline optical industry.
Brand USP:
A stable and credible brand name in the online and offline optical industry.
A massive variety of premium eyewear brands and designs.
Low capital, high gain business prospect.
The franchise provides 35% of net sales.
Break-even period up to 1 year.
The company assists to reach a cash break-even for the initial six months.
Specifications of Lenskart Brand
India’s Fastest Growing Eyewear Company.
More than 200 Successful collaborations.
Centralized Manufacturing and simplified Front-End.
The Eligibility Criteria to avail Lenskart Franchise:
The Franchisee must have entrepreneurial skills.
The Lenskart franchisee Store must-have resource for capital.
The Franchisee must have a proper educational background.
Lenskart Business Model
A young, coolest, and vibrant brand, Lenskart boasts of a wide range of eyewear with a multitude of optical brands. According to the latest report, the premium sunglasses sector which contributes 30% of the Indian eyewear market, is surging at a rate of 40% annually.
According to the CEO of lenskart, the eyewear segment is highly distributed and dominated by small neighborhood shops. Lenskart, based in Faridabad, already functional in 150 Lenskart stores. Lenskart with its 170 employees working in about seven cities who are conducting around 1,000 eye exams from home itself for customer convenience.
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Lenskart Franchise Contact
Lenskart Co-Operate Office Address:
Vatik Mindscapes Building,
7th Floor, Sector 27d,
Faridabad-121001.
Lenskart Franchise Email address:
beafranchise@lenskart.in
Lenskart Franchise telephone number
+91 92118 44000
Investment required setup Lenskart Franchise in India
The crucial aspect that matters a lot to the investors while investing their savings in any business is the amount of money that is needed as an investment. So, this specific point is very significant while making his or her decision about investing in a company or not based on the cost of investment that will be needed by the capitalist. You have to arrange 20-27 Lakhs to setup Lenskart Franchise in India.
Profit margin in Lenskart Franchise in India
We cannot see this information on the internet about the revenue and profit margin of a Lenskart franchise. The profits of a Lenskart franchise are based on the location of the outlet including the type of franchise that has was chosen by the franchisee. An individual with appropriate capital and a proper business plan will surely earn big gains.
If one properly plan and generate sales of ₹3,00,000 monthly and earn only 20% profit margin around ₹60,000 then the break-even point will be attained in one and a half year leaving only operating expenses for sustaining the enterprise.
Staff for the Store
For better Lenskart store management, around 2-4 experienced people are sufficient. They should have good salesman qualities with decent soft skills even must be able to manage various types of customers’ requisites which eye frame will be perfect for its customers hence this technique can be very beneficial in increased sales.
Conclusion
The statistics and numbers of Lenskart, along with the objectives the company has set for itself for the future, indicate that Lenskart is on a path of growth and victory with no signs of failure. So, if one is planning to invest in eyewear, then Lenskart is a perfect choice. We hope all the details regarding the Lenskart franchise was provided here.
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