Are you interested in starting Lenskart Franchise? If yes, read this article to learn more about how to open a Lenskart franchise partner in your city.
Lenskart is India’s fastest-growing optical chain. A young and vibrant brand, the company boasts an infinite range of eyewear with a multitude of eyewear brands. If you are interested in this eyewear franchise business opportunity read this post to learn how to start with investment, and contact detail.
The company has also started a home eye check-up program, under which the company sends a check-up van to the customer’s premises. Equipped with relevant equipment, the van also has certified optometrists for an eye examinations.
Is Lenskart Franchise Business Profitable?
The Indian eyewear industry is projected to grow in the coming years. According to the latest Government survey, the premium sunglasses segment which accounts for 30% of the Indian eyewear market, is growing at a rate of 40% per year.
Read: Best Optical Franchise Businesses in India
It is without saying, Lenskart is one of the leading eyewear brands in the premium segment in India. As per the latest study, Lenskart’s revenue in the year financial 2022 was around 15 billion Indian Rupees. Also, a Lenskart franchise partner along with a lucrative profit margin gets adequate support from the company.
Here are the Steps to Follow to Start Lenskart Franchise
Why Lenskart Franchise?
Lenskart is one of the most profitable eyewear retail businesses in India. It has a network of more than 700 stores around 120 plus cities in the country.
An established and credible name in the online and offline optical industry. You are provided with a huge range of premium eyewear brands and designs The opportunity is a low-investment, high-return business proposition.
Lenskart makes and sells a wide range of eyewear glasses. They are prescription glasses, computer glasses, contact lenses, and sunglasses.
The company takes utmost care so that every franchise partner gets the fullest support from the parent company. Some of the facilities the company provides are the following:
- Free Eye-test to attract more customers
- Initial brand activation through local media
- Stock correction every month – No Dead Stock
- Site selection and interior furnishing
- Personnel recruitment & training module
- Branding support by experts
Lenskart Franchise Cost in India
Lenskart offers two types of partnership models. One is the franchise partner, and the other is the landlord partner.
If you want to be a franchise partner, the total cost of launching a premium Lenskart franchise retail store in India will be around Rs. 25 Lacs to Rs. 40 Lacs. It includes franchise fees, software fees, interior costs, eye-testing equipment, training expenses, etc. The space rent is not included. In addition, you will need to bear the monthly costs of running the store. It will be around Rs. 1 Lac.
The other partnership model that you can apply for is the landlord model. If you have a retail space in a commercial location in a city and looking to rent out, talk to the officials of Lenskart.
Lenskart Franchise Profit Margin
A Franchise of Lenskart on average makes a 25-30% profit in net sales. Most franchisees achieve break-even in a period of 9-12 months The franchisor supports its partners in ensuring cash break-even for the initial 6 months.
The minimum area required to open a Lenskart franchise retail store is around 350sq.ft to 500sq.ft. However, a location in the center of a big market or commercial mall in a city is preferred.
Suggested Read: Best Sunglass Brands in India
How to Apply – Contact Details
If you are interested in applying for the Lenskart franchise partner, visit http://www.lenskart.com/franchise_enquiry and fill out the inquiry form. You can also contact them directly through this email: [email protected].
Lenskart franchise business is a profitable and rewarding option for individuals looking to start an eyecare-related company. Analyze and decide whether this business opportunity fits you as per your skills, experience, interest, and knowledge.
Editorial Staff at NextWhatBusiness is a team of Business Consultants having years of experience in small and medium scale businesses.