Do you want to open a Nike franchise business in your area? Find here a detailed Nike franchise review with investment, franchise cost, profit and how to apply guide.
Nike is a US-based multinational company having the headquarter in Oregon. Nike produces a wide range of sports equipment. Their first products were track running shoes. Currently, the company provides shoes, jerseys, shorts, cleats, baselayers, etc. for a wide range of sports.
Nike sells an assortment of products, including shoes and apparel for sports activities like association football, basketball, running, combat sports, tennis, American football, athletics, golf, and cross training for men, women, and children. Definitely, it is a prestigious brand. As of now, the company is the world’s largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment. Nike sells the products in over 130 countries worldwide including India.
Nike Company Details
Bill Bowerman and Phil Knight founded the company in the year 1964. Formerly, it was known as Blue Ribbon Sports. Officially, it becomes Nike Inc. in 1971. The company has spent millions of dollars to make it a popular brand across the world. Some of the most popular sports celebrities including Michael Jordan and Ilie Nastase were the brand ambassador of Nike.
The World’s largest Nike store is in London. The total area of the store is roughly 42,000 Sq Ft. After the year 1980, Nike expanded its product line to encompass many sports and regions throughout the world.
Is Nike Franchise Business Profitable?
Nike operates a win-win franchise model for entrepreneurs. The model itself is profitable and provide the minimum guarantee of return on the investment.
Generally, the company works with property owners or retailers who want to retail their products through their outlets. Also, the company encourages to close the store if it becomes non-performing in that particular area.
Cost of Starting Nike Franchise Business in India
Definitely, it is a costly opportunity. First of all, you need a large retail space at a prime location with a wide window. And then, you need startup investment for the franchise fee and inventory.
If you have an existing store, then also you can sell the Nike products. In that case, you will need to apply for the distributorship. In any case, you will need to have an investment capacity of Rs 50 Lac to 1 Crore before applying for Nike franchise.
How to Apply for Nike Franchise
You will need to apply online. Also, you can contact the regional head office in India. Nike has country wise regional head offices in each country where they operate.
In the application form, you will need to put every detail about your business. The list may include the organization type, ownership pattern, capital investment, license you have, etc. Nike reviews completed applications in the order they are received and will notify you when you get shortlisted. It’s a bit long process. You may need to wait a month or two.
Nike India Contact Details
Nike Consumer Services
000 800 100 9538
Nike India Pvt. Ltd.
Ground and 1st Floor
Olympia Building, No 66/1
Bagmane Tech Park
CV Raman Nagar
1800 102 6453
Nike franchise is a profitable opportunity for both the new entrepreneurs or existing shop owners. However, study the local market before taking the final decision and investing money.
Editorial Staff at NextWhatBusiness is a team of Business Consultants having years of experience in small and medium scale businesses.