Are you interested in starting a furniture retail store business with Nilkamal Furniture? In this article, we will explore the details of this Nilkamal furniture franchise business opportunity.
Nilkamal Furniture started its business in the year 1990. The franchise and distribution network commenced in 2017. Nilkamal is a very popular furniture brand in India. Currently, it is a household name and an undisputed leader in the moulded plastic furniture market. Nilkamal Limited owns the brand Nilkamal.
Nilkamal Furniture Franchise Cost
The minimum initial investment required to start the Nilkamal furniture franchise business will be Rs. 1 Crore. This includes the cost of store setup, inventory, branding, and other initial expenses. In addition, you will need a floor space of a minimum of 8000 sq. ft. The frontage of the property must be 50 sq. ft or more.
Nilkamal charges a franchise fee. It is a one-time payment made at the beginning of the franchise agreement. This fee grants you the right to use Nilkamal’s brand name and business model.
As a franchisee, you’ll be required to pay ongoing royalties to Nilkamal, which are typically a percentage of your monthly sales. This fee covers the continuous support and services provided by Nilkamal.
The anticipated percentage return on investment is around 35%. The likely payback period of capital for a unit franchise is expected to be around 2 – 3 years.
Detailed operating manuals will be provided to the franchise. The company has a standard franchise agreement. The Agreement term will be around 5 years. The term is renewable.
Also Read: Top Franchise Opportunities in India
Why Buy Nilkamal Furniture Franchise?
- India has a large domestic market. In the furniture industry, office furniture holds the first position. Apart from the metro cities, Tier II and Tier III cities are the major furniture markets.
- Nilkamal is a highly popular household name in the domestic furniture industry. Hence, when you work with Nilkamal you will enjoy both brand awareness and reputation.
- Thirdly, Nilkamal has a wide range of furniture that meets all the needs of both domestic and commercial.
- Nilkamal provides all manual training to run franchisees to the new business partners. However, the company will decide on the training location.
- Currently, the company is offering franchise opportunities in India. So, wherever you want to open a store location will not be a problem.
Nilkamal Furniture Product Range
1. Bedroom Furniture
The product range includes a Wardrobe, Double bed, Bunk bed, Single bed, Side table, Dressing table, and Bedroom sets.
2. Living Room Furniture
The product range includes Bean bags, Center tables, Chairs, Coffee tables, Corner tables, Sofa sets, Storage solutions, TV trolleys, Wall units, etc.
3. Office Furniture
The product range includes a Corporate sofa, Lockers, Multipurpose chairs, Office units, Seater bench, Tables, Visitors Chairs, Workstations, Center tables, etc.
4. Cafeteria Furniture
The product list includes a Cafeteria table, Chairs, Table stand, and Tabletop.
5. Home Utility Furniture
The product range includes bookcases, Cloth dryers, Computer tables, Corner cabinets, Corner racks, Easy chairs, Garden swings, Ladders, Shoe racks, etc.
6. Dining Sets
The product list includes a Dining set, Dining Chairs, and Dining Table.
7. Kids Furniture
The kid’s furniture range includes study tables, chairs, and Dining sets.
8. Plastic Furniture
The product list includes Center tables, Chairs, Dining tables, Planter, Racks & Trolleys, Stools, Storage, Household, Shell, Waste bins, etc.
Benefits of Owning a Nilkamal Furniture Franchise
Established Brand
By partnering with Nilkamal, you’ll be leveraging a well-established brand with a strong reputation for quality and reliability.
Comprehensive Support
Nilkamal provides extensive support to franchisees, including training, marketing assistance, and operational guidance, ensuring that you have the tools and resources needed to succeed.
Diverse Product Range
Nilkamal’s wide range of furniture products allows you
How to Apply for Nilkamal Furniture Franchise
First of all, visit the official site of Nilkamal Limited. Fill up the form with information like name, email, city, contact number, etc. Select the category and type your specific message. And finally, submit the form. The company officials will contact you shortly. Also, you can contact the company directly by phone or email.
Frequently Asked Questions
Does Nilkamal provide training and support to franchisees?
Yes, Nilkamal provides comprehensive training and ongoing support to franchisees, including assistance with store setup, marketing strategies, inventory management, and operational guidance.
What are the ongoing royalties for a Nilkamal Furniture franchise?
Franchisees are required to pay ongoing royalties to Nilkamal, which are typically a percentage of monthly sales. This fee covers continuous support and services provided by Nilkamal.
What support does Nilkamal provide for local marketing efforts?
Nilkamal provides franchisees with marketing materials, advertising support, and guidance on effective local marketing strategies. Additionally, Nilkamal runs national marketing campaigns to promote the brand and its products.
Can I choose my location for the Nilkamal Furniture franchise?
Yes, you can choose your own location for the franchise. However, Nilkamal will assist you in selecting a suitable location that meets their criteria and has the potential for a successful business.
What is the duration of the franchise agreement with Nilkamal?
The duration of the franchise agreement with Nilkamal varies and will be discussed during the initial meeting with Nilkamal’s franchise team.
What kind of products can I sell in my Nilkamal Furniture store?
Nilkamal offers a wide range of furniture products, including home furniture, office furniture, and storage solutions. As a franchisee, you’ll have access to their diverse product portfolio.
How long does it take to set up a Nilkamal Furniture store?
The time required to set up a Nilkamal Furniture store varies based on factors. It includes location, store size, and setup process. Nilkamal will provide you with an estimated timeline during the setup phase.
Is prior experience in the furniture industry required to start a Nilkamal Furniture franchise?
While prior experience in the furniture industry is beneficial, it is not mandatory. Nilkamal provides comprehensive training and support to help franchisees succeed, regardless of their prior experience.
