This article will highlight the names and details of the Top 10 Departmental Store Franchise in India to help you choose among these best franchise options available.
New India is advancing rapidly with a lot of modifications in everyday lives. Departmental stores are one of the latest additions that are fast replacing roadside ‘Kirana ka dukaan’.
Many medium-scale business owners are taking the franchise of popular departmental stores and enjoying a high ROI.
However, they should invest in the Best Departmental Store Franchise that has gained popularity amongst the mass.
This will reduce their effort in promoting their business on a large scale.
Best Departmental Store Franchise in India – Top 10 Kirana Store Franchise Business
Herein is the snapshot of the Best Departmental Store Franchise in India
|Rank||Departmental Store Franchise|
|1||Just Shop 24|
|4||US Dollar Store|
A departmental store is a large outlet selling all types of retail products.
These products include food items, dairy products, packaged food items, cosmetics, stationeries, and other products used in everyday lives.
A departmental store attracts a huge customer base. People love visiting these stores as they can complete their entire marketing under one roof.
Therefore, having a departmental franchise is a great option for investors. Here, the Top 10 Departmental Store Franchise are highlighted to help business owners know more about them.
The list of the best franchises includes Just Shop 24, Grofers, Patanjali, US Dollar Store, Indiabuys, Super99, V2 Retail, Big Basket, Urban Mandi, and Vestige.
Readers will find numerous vital details related to these franchises such as their franchise fees, tenures, number of franchise outlets, founders, etc.
Therefore, they should focus on each section of the article if they wish to invest in any one of these franchises.
Just Shop 24 – Best Departmental Store Franchise in India
Just Shop 24 is a popular departmental store chain set up by Kolkata-based entrepreneur Utkarsh Lohia, Chetan Sethi, and Poorav Jain in 2015.
It has become the Best Departmental Store Franchise in India within a short time with many outlets.
The one-time franchise fee is ₹ 5 Lacs, and the infrastructural investment will amount to ₹ 30 Lacs to 1 Crore.
Investors can set up this store in 500 to 30000 sq. ft. unit area. The outlet should have CCTV set-up and computers with internet connectivity.
A billing counter and a well-maintained product display area are compulsory. This franchisor claims a 10% commission from the franchisees.
The latter should employ 25 to 30 staff members to operate the business smoothly.
Grofers – Top Departmental Store Franchise in India
Saurabh Kumar and Albinder Dhindsa founded Grofers in 2016, and its head office is in Gurugram. It has become one of the Top Departmental Store Franchise in India within a few years.
This brand offers a franchise for 2 years and has over 20 outlets across the nation. Franchisees have to invest around ₹ 20 Lacs to 30 Lacs to set up this departmental store.
A Grofers store has to be 1000 to 2500 sq. ft. big having a billing desk and a product display section. The outlet should be monitored by CCTV, and it should have a computer connected to the internet.
Besides, 5 to 10 employees are needed to attend customers. A franchisee has to share only 3% of its revenue with the franchisor.
Patanjali – Top 10 Departmental Store Franchise in India
Baba Ramdev and Balkriskna’s joint venture Patanjali is an obvious name among the Top 10 Departmental Store Franchise in India.
It was founded in 2006 in Haridwar and presently operates over 3000 outlets all over the country.
This departmental store demands an infrastructural investment of ₹ 7 Lacs to 70 Lacs. A franchisee can retain 93% of the total revenue and pay the rest to the franchisor.
An area of 300 to 2000 sq. ft. is enough to accommodate this store. The franchisee should hire 1 to 5 well-trained employees and install CCTV cameras in the outlet.
A computer with an active internet connection is mandatory. The store should have at least one billing counter and a product display area.
US Dollar Store – Best Kirana Shop Franchise to Invest
US Dollar Store is a popular Tennessee-based company founded by Macon F. Brock in 1992. It is one of the Best Departmental Store Franchise to Invest in at present.
The company runs over 150 franchise outlets in India. Franchisees can get the franchise for a lifetime with an infrastructural investment of ₹ 5 Lacs to 10 Lacs.
The store should be 500 to 2000 sq. ft. big with 2 to 5 employees working in it. CCTV and internet connectivity are a must for a franchise outlet.
Besides, the store should also have a billing counter and a product display area. The revenue-sharing ratio between the franchisor and the franchisee is 10% / 90%.
Indiabuys – Top Kirana Store Franchise to Invest
Indiabuys is counted among the Top Departmental Store Franchise to Invest in. Hyderabad-based business owner Yeswanth Devishetty founded this departmental store in 2017.
Today the company has many franchise outlets nationwide and offers a franchise of 2 years. Investors will need around ₹ 1.25 Lacs to 1.5 Lacs to set up the infrastructure of the store.
The Indiabuys franchisor takes an 8% commission from the franchisees. This store can be opened in 120 to 150 sq. ft. having a tiny product display area and a billing desk/counter.
It should have CCTV, computers with internet facilities, and one to three trained employees.
Super99 – Top 10 Kirana Shop Franchise to Invest
Super99 is the sixth name among the Top 10 Departmental Store Franchise to Invest in. It is a project of Mr. Javed who initiated it in 2007.
The first outlet of this departmental store was opened in New Delhi, and today, over 65 franchise outlets operate across the nation.
Investors can get this franchise for 5 years by paying a one-time fee of ₹ 2.5 Lacs to 5 Lacs.
Also, they need to invest around ₹ 20 Lacs to 30 Lacs in the infrastructure of the store. A store should have an area of 800 to 1200 sq. ft.
Inside the store, CCTV, computers connected to the internet, a billing counter, and a product display area are compulsory. 10 to 15 staff members are needed to look after the outlet’s business.
A Super99 franchisee has to pay 10% of the total revenue to the franchisor.
V2 Retail – Best Departmental Shop Franchise to buy
Ram Chandra Agarwal set up V2 Retail in 1995. It is one of the Best Departmental Store Franchise in buy having more than 50 franchise outlets.
This departmental store attracts an infrastructural investment of ₹ 30 Lacs to 50 Lacs and the franchisor claims 6% of the total revenue earned.
A V2 Retail store should have 5 to 20 employees, a well-organized product display section, and at least one billing counter.
It should be under the surveillance of CCTV cameras, and internet connectivity is a must. The store can be opened in 800 to 2000 sq. ft. unit area.
Bigbasket – Top Departmental Shop Franchise to buy
Bigbasket is one of the Top Departmental Store Franchise to buy founded a decade back. V S Sudhakar, HariMenon, and Vipul Parekh started the first Bigbasket store in Bangalore, and today, they operate 20 to 50 outlets nationwide.
Investors need an area of 3000 to 9000 sq. ft. and ₹ 20 Lacs to 30 Lacs to set up an outlet.
They need to build a product display area and a billing counter in the store. CCTV and computers with an active internet connection are necessary to run the outlet.
Besides, the franchisee should appoint 5 to 10 efficient staff members. This franchisor claims 5% of the total revenue from each franchisee.
Urban Mandi – Top 10 Departmental Shop Franchise to buy
Urban Mandi was founded by Rajesh Gupta, and within three years it became one of the Top 10 Departmental Store Franchise to buy. It has over 8 franchise outlets in India.
Investors can get this franchise for 5 years in exchange for a one-time fee of ₹ 2 Lacs to 3 Lacs. They will also have to invest around ₹ 20 Lacs to 30 Lacs in the store’s infrastructure.
An Urban Mandi outlet should be 500 to 1000 sq. ft. big with a billing counter and a product display area in it. CCTV set-up and internet connectivity are mandatory.
Franchisees should appoint 2 to 4 employees to attend customers. They will have to pay a 28% commission to the franchisor.
Vestige – Best Departmental Store Franchise
The final name among the 10 Best Departmental Store Franchise is Vestige. Founded in 2004 by Gautam Bali, this departmental store has over 25 outlets in different cities.
Business owners can get this franchise for a lifetime, and they need to invest ₹ 10,000 to 50,000 to set up the infrastructure. A franchisee will have to share 8% of the total revenue with the company.
A store should be 500 to 1200 sq. ft. big having a product display area and a billing counter. The franchisor should install CCTV and computers with an internet facility.
3 to 8 staff members are required to run the store.
Best Departmental Franchise – Conclusion
These were the 10 best Departmental Store Franchise in India recording high revenues.
Readers will find numerous vital details about these franchises that will hopefully help them choose the most profitable Departmental Store Franchise to buy.
|Franchise Opportunity in India|