The travel and tourism industry is one of the fastest-growing sectors in India. It offers a plethora of opportunities for entrepreneurs. It goes without saying that MakeMyTrip, a leading online travel company, has been at the forefront of this industry. Hence, starting a MakeMyTrip franchise can be an exciting venture for those looking to enter the travel business. In this article, we will explore how to start a MakeMyTrip franchise, the associated costs, profit potential, and contact information.
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Why Choose MakeMyTrip?
MakeMyTrip(MMT), India’s leading online travel company was founded in the year 2000 by Deep Kalra. Created to empower the Indian traveler with instant booking and comprehensive choices, the company began its journey in the US-India travel market. It aimed to offer a range of best-value products and services along with cutting-edge technology and dedicated round-the-clock customer support.
With dedicated 24×7 customer support and offices in 20 cities across India and 2 international offices in New York and San Francisco (in addition to several franchise locations), Make My Trip is a rewarding and profitable business opportunity for people looking to do business in the travel industry.
MakeMyTrip is a well-established brand in the travel industry. It is known for its user-friendly platform and wide range of travel services. Here are some reasons to consider a MakeMyTrip franchise:
- Brand Recognition: MakeMyTrip is a trusted brand with a strong online presence. Associating with a well-known brand can give your franchise a competitive edge.
- Diverse Services: MakeMyTrip offers a variety of services, including flight and hotel bookings, holiday packages, bus and train reservations, and more. This diversity can attract a broad customer base.
- Technology Integration: MakeMyTrip’s technology-driven approach ensures a seamless booking experience for customers. You’ll have access to their booking and management systems.
How to Start a MakeMyTrip(MMT) Franchise
here are the important steps, you need to follow to start a MakeMyTrip franchise business:
1. Contact MakeMyTrip
The first step is to reach out to MakeMyTrip through their official website or customer service. Express your interest in becoming a franchisee and request information on the application process.
Make sure you have all the necessary documents, including your business plan, financial statements, and identity proofs.
3. Location Selection
Choose a strategic location for your franchise. It should be easily accessible and have good visibility to attract walk-in customers.
Be prepared to invest in setting up your franchise, which includes office space, infrastructure, and technology.
5. Legal Formalities
Fulfill all legal requirements, such as registering your business and obtaining any required licenses or permits.
MakeMyTrip typically provides training to franchisees and their staff on using their booking systems and providing excellent customer service.
Make My Trip Franchise Cost
The cost of starting a MakeMyTrip franchise can vary depending on factors like location and the scale of operations. Some common expenses include:
- Franchise Fee: MakeMyTrip will charge a one-time franchise fee for using their brand and technology.
- Office Space: You will need to lease or purchase an office space in a prime location.
- Infrastructure: Required to invest in office furnishings, computers, and communication equipment.
- Staff Salaries: You need to have a budget for staff salaries and training.
- Marketing: Also, allocate funds for marketing and promoting your franchise.
The area requirement in starting to Make My Trip retail franchise ranges from 250 sqft to 600 sqft depending on the location. The non-refundable franchise fee for Tier-1, Tier-2, and Tier-3 city locations is Rs. 10 Lacs, Rs. 7.5 Lacs, and Rs. 5Lacs respectively. For Small Towns, the franchise fee is Rs. 3 Lacs. In addition, interior decoration costs will be around Rs. 3- 5 lacs.
The franchise agreement is for 3 years and can be renewed if both parties agree. The store should preferably be in a high street area and should be main road facing. There should be a power backup facility for the store.
Make My Trip Profit
The profit potential of a MakeMyTrip franchise can be substantial. Earnings primarily come from fixed commissions on bookings made through your franchise. As you build a customer base and promote your services, your profits can increase over time. The travel industry in India is continually growing, which provides opportunities for revenue generation.
Make My Trip Products & Services for the Franchise
Any individual franchise gets access to the entire range of the products of the company. The list includes
- Domestic and international flight tickets
- Domestic and international hotels
- International holidays
- Domestic holidays
- Group Movements
- Exclusive MakeMyTrip charter products
- Travel insurance and much more
To get more specific details about starting a MakeMyTrip franchise, it’s best to contact them directly through their official website or customer service. They will provide you with the most up-to-date information, requirements, and guidance on the application process.
For any query, you can contact directly to the corporate office situated in Gurgaon. The address of Make My Trip India Pvt Ltd is mentioned below:
MakeMyTrip India Pvt. Ltd.,
DLF Building No. 5 Tower B
DLF Cyber City, DLF Phase 2
Sector 25, Gurugram, Haryana 122002, India
Conclusion: Starting a MakeMyTrip franchise can be a rewarding business endeavor. Especially if you have a passion for travel and customer service. By following the application process, investing wisely, and providing excellent service, you can build a successful travel business with the backing of a trusted brand like MakeMyTrip.