Forever 21 franchise is one of the great retail store Franchises in India. We will discuss Forever 21 Franchise Cost, Profit, Review, and How to Start the Franchise.
In July 2016, Forever 21 was acquired by Aditya Birla Retail, which is a subsidiary brand of Aditya Birla Group.
Founded in 1984, Forever 21 operates more than 550 stores in 27 countries around the world. The franchise has 50+ outlets in India. You can directly enroll for the Forever 21 Franchise by filling up the Google Form.
Table of Contents
Forever 21 Franchise Cost
Forever 21 Franchise cost ₹2,50,00,000 Rupees as an initial investment. The minimum area required is 1200 Square feet. The Franchise Fee is 25,00,000 Rupees. The brand runs on the FOFO Model of Franchise.
|Advance for Inventory
|Rental Security Deposit
|Designing & Consulting
(Marketing and Misc)
- The agreement will be for 5 Years, and 25 Lakhs will be the renewal fees for the next 5 years
- Workers Trained in customer service standards with learnings from service leaders across industries.
- The expected Payback Period is 3-4 years
- Franchisee Return on Capital Employed is 16%-18% per annum
- Marketing will be handled by the brand
- Suitable store property/land as per Forever 21 guidelines
Forever 21 Franchise Profit
We will analyze the Forever 21 Franchise Profit Margin with the help of an example. We will deduct all the expenses from the Gross Sales. We are assuming Sales of 90 Lakh Rupees per month i.e. 3 Lakh Rupees per day.
We can conclude that the Profit of Forever 21 Franchise is 6 Lakh Rupees per month for Sales of 90 Lakh Rupees per month. 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 1.5 Crore Rupees per month and the profit will be 12 Lakh Rupees per month.
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, malls, or any place where people demand Clothing items.
How to get Forever 21 Franchise?
To get the Forever 21 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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