BIBA franchise is one of the great retail store Franchise in India. We will discuss BIBA Franchise Cost, Profit, Review, and How to Start the franchise.
Started in 1988, the brand now has 15+ outlets PAN India. They are well known for their Women’s wear.
Table of Contents
BIBA Franchise Cost
- BIBA Franchise Cost ₹2,00,00,000 Rupees to ₹4,00,00,000 Rupees as an initial investment.
- The Franchise Fee is ₹10,00,000 Rupees charged by the brand
- The minimum area required is 2500 Square Feets.
- The Royalty charged will be 5% on Sales.
- The expected Return on Investment is 3-4 Years.
BIBA Franchise Profit
We will analyze the BIBA Profit Margin with the help of an example. We will deduct all the expenses from the Gross Sales. We are assuming Sales of 12,00,000 Rupees i.e. 40,000 Rupees per day.
|Gross Sales||12,00,000 Rupees|
|Material Cost @60%||(7,20,000) Rupees|
|Electricity and Water Supply||(20,000) Rupees|
|Salary of Workers and their Expenses||(75,000) Rupees|
|Royalty @5%||(60,000) Rupees|
|Other expenses||(20,000) Rupees|
|Net Profit||2,25,000 Rupees|
We can conclude that the Profit Margin of the BIBA Franchise is 19% for the Sales of 12,00,000 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 15 Lakh Rupees per month and the profit margin will be 25% on Sales or 3,75,000 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 Lifestyle items.
How to get BIBA Franchise?
To get the BIBA Franchise, you have to fill out the Google form below then we will allot you a franchise specialist who will guide you the best.
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