Manyavar Franchise is one of India’s leading ethnic wear brands which works under Vedant Fashion Limited.
The brand has always been known for its premium attire which is traditional as well as authentic for men and women.
Opening of Manyavar franchise can be a very lucrative opportunity due to its wide customer base and top-quality products.
Manav has one of the most expensive brand ambassadors, which is Virat Kohli along with his wife, Anushka Sharma whose combined following can exceed more than half of our country’s population In this article, we are going to study how to start a manyavar franchise in India.
1. Investment
Starting a manual franchising would include a heavy capital investment and here are some details about it.
1. Franchise Fees – this week and range anywhere between ₹15 – ₹20,00,000 depending upon the location, and the business model.
2. Store Setup Costs – the set up cost can cost you anywhere between ₹50 to ₹60,00,000 which includes interiors, shelving, fixtures, and branding.
3. Total Investment – total investment can range anywhere between ₹75 to 85,00,000 depending upon the quality of material used.
2. Eligibility
1. Financial Capability – Whether you have the ability to invest ₹70 to 80,00,000 or not.
2. Business Background – It is not mandatory to have prior experience, but if you have any experience, that’s great.
3. Location – If you have access to Premium spaces in high-demand areas then the location is suitable.
4. Commitment – Passion is always required if you want to work in the fashion industry.
3. Application Form for Manyavar Franchise
Here are some of the steps by which you can fill out the application form for the franchise.
1. Visit the official Manyavar website and fill out the inquiry form along with personal details, investment capacity, and preferred location and wait for them to revert.
2. Manyavar’s team will review your application as soon as possible and conduct a meeting with you in which they will discuss all the terms and conditions. Their team will review your application and check location feasibility.
3. Once you agree with all the terms and conditions, you can sign the agreement. Which includes all the details about profit-sharing, operational guidelines, and brand standards.
4. Setting Up The Store
1. Interior Design – Always remember to follow Manyavar’s guidelines to create an elegant and welcoming atmosphere for all the customers.
2. Inventory – In case of inventory, you do not have to worry as Manyavar will provide and manage all the inventory for your store.
3. Staffing – Always remember to hire sales representatives and managers. Manyavar provides with deep training to ensure excellent customer service.
5. Marketing and Launch
1. Grand Launch – Plan a grand and big event launch along with discounts and offers to attract more customers and generate high sales from day one.
2. Occasional Campaigns – Manyavar always offers, seasonal promotions and discounts especially around weddings and festivals to increase their sales and drive, significant footfall.
3. Local Advertisement – You can always use digital platforms such as Instagram and Facebook to engage with the Online audience and keep them updated with the ongoing discounts and offers.
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Conclusion
This was all you need to know if you want to open Manyavar franchise as it can be a very lucrative opportunity, especially if you want to enter the ethnic fashion retail industry.
This industry in India has been booming and there is a lot of space for new entrepreneurs to enter in this industry and make a lot of profit this chance also increases if you leverage big brands’ qualities such as Manyavar’s which has been one of the biggest ethnic wear brand in India as well as globally.
By choosing the right location and agreeing to all the terms and conditions of the brand, you can easily build a profitable and successful business.