FRANCHISOR OPPORTUNITIES
Retail
KB-Fair Price
Category: Retail
Area: 600 - 1000 Sqft
No. of Franchise Outlet: 100
Investment:Rs 20 lac-Rs 30 lac
Business Details
KB's Fairprice is a chain of Neighborhood Convenience Stores, and is a part of Future Group, India's largest retailing organization. We operate 170 stores across three cities, Delhi, Mumbai and Bengaluru. The stores operate over an average of 800 sq. ft. of carpet area and are located in neighborhood, markets, near railway or metro station, large bus stations etc. Fresh fruits and vegetables, staples and grocery item, processed foods, home care, personal care and general merchandise are some of the item categories that are stocked in the stores. Each store typically carries 1200 to 1300 unique items. KB's Fairprice has now established itself as one of the primary shopping options for daily necessities in its catchment. We are confident that the offering is unique, profitable and exciting for our customers. We are therefore ready to partner with like minded entrepreneurs to help us reach this unique offering to a larger set of customers. What does the franchisee receive from KB's FairPrice? A comprehensive 9-day training programme on how to operate and manage a KB's FairPrice store. A relationship manager will visit the store weekly to provide counsel on every aspect of the business. Monthly financial records prepared by KB's FairPrice, including Profit & Loss statements, balance sheets, etc. will be shared. A quarterly franchise meeting giving franchisees a voice in issues of interest. Various forms of advertising and marketing campaigns, ranging from broadcast and print media to point-of-sales signage. Full product and services range with supply chain with pre-determined retail and cost pricing. Point-of sales system and integrated ordering and receiving systems are available for every franchisee.
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KB-Fair Price Investment Detail
Date Commenced Operations
:2007
Date Commenced Frachising / Distribution
:2011
Are you looking for Franchise ?
Unit
Area
Investment
Storewise
Rs 20 lac-Rs 30 lac
Is there exclusive territorial rights given to a unit franchise?
:Yes
Are any performance guarantees given to unit franchisees?
:No
What is the anticipated percentage return on investment?
:30 %
What is the likely pay back period of capital for a unit franchise?
:1 Years
Are there other investment requirements?
:
KB-Fair Price Property Details
What type of property is required for this franchise opportunity?
:HighStreetCommercial
Floor area requirement
:600 - 1000 Sqft
Preferred location of Franchisee outlet:?
:Ground Floor/Residential /Highstreet Area
KB-Fair Price Training Details
Do you currently have detailed Operating Manuals for franchisees?
:Yes
Where is the franchisee training done?
:At Head Office
Is field assistance available for franchisees?
:Yes
Will someone from Head Office assist me when I open my franchise?
:Yes
What IT systems do you presently have that will be included in the franchise?
:
KB-Fair Price Other Details
Do you have a standard Franchise Agreement?
:Yes
How long is the franchise term for?
:5 Years
Is the term renewable?
:Yes