Do you want to start the Mobile Store franchise business in India? Are you interested in starting a business in the retail telecom industry? Read this article to learn why and how to apply for a Mobile Store franchise including cost and investment.
The Mobile Store business model is based on a one-stop mobile solution shop providing multi-brand mobile handsets, mobile accessories, mobile connections, mobile repairing, VAS, etc under one roof.
Why You Should Consider Applying for Mobile Store Franchise Business
Actually, it is the first and largest pan-India chain of telecom retail franchise outlets. The company is promoted by the Essar Group and is the most popular mobile retailer with a 45% share in telecom retail sales. The company started operations in 1997. In 2010, Mobile Store started expanding its network of retail telecom outlets throughout India.
The MobileStore outlets are in three formats: Large – 1000-1500 square feet, Medium – 800-1000 square feet, and small – 150-200 square feet. The key component of the success of the mobile store is its ability in providing special offers, discounts, and budget phones. All major handset brands like Nokia, Sony Ericsson, LG, Samsung, Motorola, Fly, Sagem, HP, iMate, Dopod, HTC, and Blackberry are available at the store. The brand has also tied up with all leading operators including Airtel, Vodafone, BPL, Idea, MTNL/BSNL, and Reliance, Tata Indicom.
The company network is spread over 1000 outlets across 150 cities, covering virtually every major town countrywide. Presently the Mobile Store is one of the most profitable franchise business opportunities in India. Surprisingly the investment in starting this franchise shop is very low. Go through the next paragraph.
Investments Required for Opening a Mobile Store Franchise Unit
The initial investment for starting a Mobile Store franchise shop will cost around Rs. 8 to 10 lakhs. The investment includes the franchise fee, interior, promotional expenses for launching the unit. The minimum floor area required for the outlet is 300 square feet preferably in a commercial location.
Average Cell Phone Store Income in India
You might think about this before going to take the first step towards starting the business. Like any other organized product industry, mobiles come with specific DP (Dealer Price) and MRP. As a dealer, you will sell the phones on MRP. Due to the huge competition, sometimes dealers sell the phones below MRP. However, it varies from case to case.
Actually, the difference between DP and MRP is the deciding factor about how much profit you can make from unit sell. In the case of brands like Samsung, LG you will earn less profit. On the other hand, you will earn more from brands like Micromax, Intex, MI, etc.
How to Apply
You can contact the registered Office mentioned below
The Mobile Store Limited
Essar House, 11 K.K Marg, Mahalaxmi,
Mumbai – 400 034.
Contact center – 1860-267-6767 (10AM to 10 PM; Monday-Sunday)
Semi Toll-free -1860-267-6767 (10 AM to 10 PM; Monday-Sunday)
Email ID: firstname.lastname@example.org
Official website of The Mobile Store – http://www.themobilestore.in/
You can also call Neeraj Acharya at +91 9899252646 between 10 A.M to 6 P.M. or email your inquiry at email@example.com.
Mobile Store franchise business opportunity is a profitable and rewarding option for individuals looking for a retail-based telecom franchise opportunity. 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.