Baggit franchise is one of the great bag Franchises in India. We will discuss Baggit Franchise Cost, Profit, Review, and How to Start the franchise.
Starting in 2007, the brand now has 70+ outlets PAN India. They are well known for their variety of bags.
You can directly enroll for the Baggit brand by filling up the form on their website or the form given below on this website.
Baggit Franchise Cost
- Baggit Franchise Cost ₹10,00,000 Rupees to ₹20,00,000 Rupees as an initial investment.
- The Franchise Fee is ₹2,10,000 Rupees charged by the brand
- The minimum area required is 100 Square Feets
- No Royalty will be charged on Sales
- The expected Return on Investment is 1.5 Years.
Baggit Franchise Profit
We will analyze the Baggit Franchise Profit Margin with the help of an example. We will deduct all the expenses from the Gross Sales. We are assuming Sales of 6,00,000 Rupees i.e. 20,000 Rupees per day.
|Gross Sales||6,00,000 Rupees|
|Material Cost @60%||(3,60,000) Rupees|
|Electricity and Water Supply||(8,000) Rupees|
|Salary of Workers and their Expenses||(30,000) Rupees|
|Other expenses||(12,000) Rupees|
|Net Profit||1,40,000 Rupees|
We can conclude that the Profit Margin of the Baggit Franchise is 23.33% for Sales of 6,00,000 Rupees. The outlet may have less profits in the initial days but the store will gain high popularity eventually and will have great demand in the market.
After good Local Marketing and Branding, the Sales will increase to 9 Lakh Rupees per month and the profit margin will be 26% on Sales or 2,40,000 Rupees.
Location is crucial in determining a franchise’s success rate along with quality and service.
The location should have a very high footfall. It should be in the main market of that area. A corner outlet is the most preferable option.
You can open the outlet nearby colleges, corporates, or any place where young people love to have bags.
How to get Baggit Franchise?
To get the Baggit Franchise, you have to fill out the Google form below then we will allot you a franchise specialist who will guide you the best.
Thanks for reading the blog, If you have any queries regarding the franchise then you can ask me in the comment box or on my
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