Classic Polo franchise is one of the great retail store Franchises in India. We will discuss Classic Polo Franchise Cost, Profit, Review, and How to Start the franchise.
Starting in 2008, the brand now has 70+ outlets PAN India. Classic Polo is a Men’s wardrobe solution, a brand known for its wide variety of designs, value for money with the highest quality standards.
Classic Polo Franchise Cost
- Classic Polo Franchise Cost ₹10,00,000 Rupees to ₹20,00,000 Rupees as an initial investment.
- No Franchise Fee will be charged by the brand
- The minimum area required is 400 Square Feets.
- Royalty charged will be 40% on Sales.
- The expected Return on Investment is 1.5 Years.
- The Agreement will be of 3 Years
Classic Polo Franchise Profit
We will analyze the Classic Polo Profit Margin with the help of an example. We will deduct all the expenses from the Gross Sales. We are assuming Sales of 9,00,000 Rupees i.e. 30,000 Rupees per day.
|Gross Sales||9,00,000 Rupees|
|Material Cost @60%||(5,40,000) Rupees|
|Electricity and Water Supply||(20,000) Rupees|
|Salary of Workers and their Expenses||(75,000) Rupees|
|Other expenses||(25,000) Rupees|
|Royalty @40% on Profit||(64,000) Rupees|
|Net Profit||96,000 Rupees|
We can conclude that the Profit Margin of the Classic Polo Franchise is 11% for the Sales of 9,00,000 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 12 Lakh Rupees per month and the profit margin will be 15% on Sales or 1,80,000 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 Classic Polo Franchise?
To get the Classic Polo 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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