Franchising is one of the best methods of starting a business. The Jockey brand can be very attractive for those who want to enter the clothing industry because the company has a recognizable brand name as well as many customers. In this article, we will outline the Jockey franchise cost in India and everything that you need to know about this business venture.
What is Jockey?
Jockey is an influential global brand that specializes in selling innerwear, activewear, and casual wear products. It is based in India and is a wonderful chance for people who are interested in owning a franchise in the clothing industry.
Benefits of Owning a Jockey Franchise
Owning a Jockey franchise comes with several benefits:
- Brand Recognition: Jockey is a household name all over the world so it has a good brand image.
- Quality Products: The brand is well renowned for its quality products which has a lot of patrons to its credit.
- Support and Training: Jockey is fully involved in helping franchisees and training them with everything they need to help them succeed.
- Marketing Assistance: The company provides clients with marketing assistance, such as advertising and promotions.
Jockey Franchise Cost in India
When looking for a franchise to invest in, one of the first considerations is the amount of money to be spent. The Jockey franchise cost in India mainly depends upon the area of the shop, the size of the shop, etc. Here is a breakdown of the typical costs involved:
Initial Investment
- Franchise Fee
The required amount to open a particular Jockey store lies between INR 20 to 30 lakhs. This fee is a one-time payment for joining the Jockey brand franchise. This is the license to operate under the Jockey brand.
- Store Setup Cost
It costs about INR 30 to 50 lakhs to commence a Jockey store. These will consist of interior decoration, fixtures, merchandise, equipment, and other necessities needed to make a store operational. - Total Initial Investment
All in all, the total investment may vary from 50 to 80 lakhs in India for a Jockey franchise. This entails fees for the franchise and costs of opening and setting up a store.
Other Costs to Consider
- Royalty Fees
Jockey may charge a royalty fee, calculated based on sales of products from the store. This fee is usually charged per the amount of monthly sales and is payable remunerated to the company. - Operational Costs
Managing a franchise also entails other general expenses like rent for the premises, utility bills, wages paid to the employees, and advertisement expenses among others.
Steps to Apply for a Jockey Franchise
If you are interested in opening a Jockey franchise, follow these steps:
- Research
First, get some background information about the Jockey brand and franchise business. It’s necessary to know about the demands and the money that is to be spent.
- Contact Jockey
Contact the Jockey franchise department by visiting the website or contacting the authorities directly.
- Submit Application
Complete the franchise application form with all the necessary information.
- Attend Meeting
After consideration of your application, the management may call you for a meeting to further discuss the opportunity. - Finalize Agreement
Once all the terms are discussed, sign and draft the franchise agreement and start your store design.
Conclusion
To successfully own a Jockey franchise, you should first understand the Jockey franchise cost in India. Jockey is a strong brand that is backed up with great support and quality products. This makes it a very good business opportunity for the young and new entrepreneurs. Look at all these factors carefully and make the right decision to come on board franchising with Jockey.
