Are you seeking a franchise in retail fashion and apparel with a low startup cost? Have you ever wished to launch a high-end clothing and fashion label in India? Your research on franchising for fashion stores could come to an end if you decide to open a Zudio location. However you must be wondering, how can i get zudio franchise?
One of the Trent Group’s (Tata’s) quickly expanding sub-brands in India is Zudio, which is renowned for providing fashionable clothing for men, women, and kids at an accessible price.
Continue reading this article to learn more about the Zudio Franchise cost along with the zudio franchise profit margin.
What is Zudio?
Zudio is one of the fastest-growing reputable fashion and apparel chains in India. It opened its first location in Bengaluru (India) in 2016 as a subsidiary chain of the Trent brands and at present, it sells all types of clothing apparel, ethnic wear, loungewear, shoes, and other items for men, women, and children.
Due to their effective marketing strategies, franchising system, and sophisticated outlets providing best-in-class service to their customers, they have a significant presence with more than 352 stores spread over 119 different cities.
The franchise has been able to significantly increase its market share in this industry because of the additional benefit of providing garments and accessories since 1998.
Why to open a Zudio Franchise?
Starting a Zudio store will be extremely beneficial to its franchisee unit holder considering the possibility for future expansion of the fashion and apparel industry. Let’s begin with the motivation for owning this business for retail clothing:
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Reputable name and recognition:
- Trent, the parent chain that manages all company operations, owns the chain, which is a subsidiary brand of its brand.
- The network has grown to include more than 100 locations in several cities in only a few short years.
Budget-Friendly product range:
- This company can target young, value-conscious consumers due to the products’ cheap prices.
- They have also developed a devoted fan base with the help of their clients, which helps them achieve a respectable profit margin.
High Growth Expansion:
- The franchise works in a sector that is experiencing quick growth and provides a suitable expansion strategy that makes it possible for the unit holder to operate the firm without any hassles.
- According to the most recent information, Zudio has a future expansion plan to add more locations, bringing its total to over 300 by FY22.
Fixed revenue share:
- Zudio offers a fixed revenue share of roughly 16% revenue share and 12–15% IRR and works under the FOCO model.
- Additionally, franchisees would earn from a one-time payment and a predetermined revenue share.
Focus on Outlet Scalability
- Zudio places a concentrated emphasis on expanding its franchise locations and brand portfolios inside its retail network.
What is the cost of setting up the Zudio Franchise?
It is also crucial to note that the initial investment in Zudio retail consists of several different aspects, including operating capital, franchise fees, inventory expenditures, and charges for building or renovating the outlet.
Compared to other franchise firms, Zudio needs a little more money to own its location. For an area of the shop that is roughly 8000 square feet, this franchise demands an overall expenditure of between Rs. 2 and Rs. 3 crores. So you can estimate that the Zudio franchise cost in India ranges from Rs. 2 to Rs. 3 crores for a 6000–8000 square foot property. However, this estimate will slightly differ from city to city as various factors impact the franchise cost for example Zudio franchise cost in Telangana will differ from any other city in India.
What is the profit margin of the Zudio Franchise?
The Tata Zudio franchise runs under the FOCO model and provides a zudio franchise profit margin in India of about 16% as well as a 12–15% internal rate of return on lump-sum investments. However several variables, like location, store size, average client footfall, and more, will affect the success of any clothing franchise like Zudio. The zudio franchise cost (per store) is therefore estimated to be roughly Rs. 1.81 crore.
Documents Required for Zudio Franchise
The franchisee is responsible for meeting the financial and site requirements (store frontage: 40ft) as well as paying the rent and electricity costs for the outlet. One is recommended to abide by the policies and standards of the organization to own or invest in franchise outlets. The interested candidates should be familiar with the clothing business and will therefore be better able to comprehend the franchise of the chain.
The following original documents must be produced by any interested applicants:
- Bank Passbook
- PAN card/ Aadhar card
- Business’s GST Certificate
- Passport size photos
- Address proof of site
- Franchise agreement
- NOC or Other requested document
How to Apply for a Zudio Franchise?
If you are looking for a zudio store franchise contact number to get details related to the Zudio Franchise then you can contact them with the help of the email address. Zudio encourages interested prospects to use email for franchise-related inquiries due to the company’s high demand for franchises, therefore Zudio franchise enquiry can be made via their official email address.
Once you are ready and have met the financial and location requirements for the zudio franchise apply online, You should go to the official website’s franchise form to submit an online application for this franchise. You must enter the necessary information, including your name, email address, phone number, address (including your street, city, state, and zip code), business or work experience, and location information.
After submitting the form, a member of the franchise’s sales staff will get in touch with you to complete the process.
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FAQs
How much does it cost to open a Zudio franchise?
Ans. A Zudio franchise costs in India range between Rs. 1.5 crore and Rs. 2 crore. However, due to several considerations like franchise fees and royalties, this cost may significantly vary from city to city.
What are the typical components of the franchise cost?
Ans. The typical components of the franchise cost include Franchise model, Space Required, Franchise fee, Security Deposit (6-month rental), Stamp Duty and Registration, Consultancy/Brokerage, Total Investment, etc.
Can you provide a general range for the franchise cost?
Ans. A Zudio franchise normally requires an investment of between Rs. 1.5 and 2 crores, which includes the franchise fee, security deposit, stamp duty, registration costs, and consultancy or brokerage fees.
Is financing available for the franchise cost?
Ans. For the zudio franchise cost, financing is indeed possible. Although Zudio doesn’t have its financing scheme, it works with several other lenders who can extend loans to franchisees who meet certain requirements.
Are there any ongoing fees for Zudio franchise owners?
Ans. Yes, the ongoing fee for Zudio franchise owners to start their franchise is Rs. 10 lakh in addition with a security deposit of Rs. 29 lakh for 6 months.
The Final Words
With an affordable start-up cost, the Zudio franchise offers a great business prospect. Aspiring business owners can enter the expanding retail fashion market as a result of its low franchising cost. Zudio is a desirable choice for people seeking to enter the retail market while minimizing financial risk due to its established track record and cheap pricing.
We hope that you found this article interesting and that it cleared all your doubts regarding the zudio franchise cost.
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