Prestige franchise is one of the sports retail store Franchises in India. We will discuss Prestige Franchise Cost, Profit, Review, and How to Start the franchise.
Starting in 2003, the brand now has 500+ outlets in PAN India. Prestige is India’s largest Kitchenware Company with a turnover of Rs 1400 crores for the year 2013-14. The company has a wide range of product categories in the Kitchenware sector.
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Prestige Franchise Cost
- Prestige Franchise Cost ₹20,00,000 Rupees to ₹30,00,000 Rupees as an initial investment.
- The Franchise Fee charged will be 1,50,000 Rupees by the brand
- No Royalty will be charged by the brand
- The minimum area required is 400 Square Feets.
- The expected Return on Investment is 1.5 Years.
Prestige Franchise Profit
We will analyze the Prestige Profit Margin with the help of an example. We will deduct all the expenses from the Gross Sales. We are assuming Sales of 7,50,000 Rupees i.e. 25,000 Rupees per day.
|Gross Sales||7,50,000 Rupees|
|Material Cost @60%||(4,50,000) Rupees|
|Electricity and Water Supply||(10,000) Rupees|
|Salary of Workers and their Expenses||(60,000) Rupees|
|Other expenses||(20,000) Rupees|
|Net Profit||1,50,000 Rupees|
We can conclude that the Profit Margin of the Prestige Franchise is 20% for the Sales of 7,50,000 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 22.2% on Sales or 2,00,000 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 Kitchen items.
How to get Prestige Franchise?
To get the Prestige 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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