Are you searching for optical franchise opportunities in India? Do you want to open an eyewear store in your city? If YES, find here the best optical franchise businesses for sale available currently.
These days, eyewear is a growing industry in India. Also, it is the fastest-growing retail segment in our country. According to industry experts, the sector is projected to grow to Rs 12,600 crore in the coming years. Almost 80% of the total market is for spectacles, while sunglasses hold the remaining 20%. However, sunglasses have become a fashion statement today.
What is an Optical Franchise Business?
An optical franchise business is a retail venture that specializes in the sale of eyewear products and related services, operating under the umbrella of an established optical brand. Franchisees of optical businesses leverage the brand recognition, product offerings, and operational support provided by the franchisor to establish and operate their own retail outlets. These outlets typically offer a wide range of eyeglasses, sunglasses, contact lenses, and optical accessories to cater to the diverse needs of customers.
Optical franchise businesses provide a comprehensive range of eyewear solutions, including prescription glasses, fashion eyewear, safety glasses, and specialized lenses. In addition to product sales, these franchises often offer services such as eye exams, lens fitting, frame adjustments, and repairs. By offering a one-stop solution for customers’ eyewear needs, optical franchises aim to provide convenience and accessibility while maintaining high standards of product quality and customer service.
Benefits of Owning an Optical Franchise
Owning an optical franchise comes with several benefits that make it an attractive business opportunity for entrepreneurs:
Established Brand Recognition
Optical franchises operate under well-known and reputable brand names in the eyewear industry. This brand recognition helps attract customers and build trust, especially among those seeking quality eyewear products and services.
⇒ Proven Business Model
Franchise owners benefit from a proven business model that has been tested and refined by the franchisor. This includes standardized operating procedures, marketing strategies, and product offerings, which reduce the risk associated with starting a new business from scratch.
⇒ Marketing Support
Franchisees receive marketing support from the franchisor, including access to national advertising campaigns, promotional materials, and marketing strategies. This support helps increase brand visibility and attract customers to the franchise location.
⇒ Training and Support
Franchisees receive comprehensive training and ongoing support from the franchisor. This includes training on product knowledge, sales techniques, customer service, and business operations. Franchisors also assist with site selection, store setup, and inventory management.
⇒ Purchasing Power
Optical franchise owners benefit from the collective purchasing power of the franchise network. This allows them to access bulk discounts on inventory, equipment, and supplies, reducing operating costs and improving profit margins.
⇒ Exclusive Products and Services
Many optical franchises offer exclusive products and services that are only available through their network. This exclusivity can help differentiate the franchise from competitors and attract customers seeking unique eyewear options.
⇒ Streamlined Operations
Franchise owners benefit from streamlined operations and access to proprietary software and systems provided by the franchisor. This helps simplify day-to-day tasks such as inventory management, appointment scheduling, and customer relationship management.
⇒ Growth Opportunities
Optical franchises often offer opportunities for growth and expansion within the franchise network. Franchisees can open multiple locations or explore additional revenue streams such as online sales or mobile eyewear services.
List of 7 Optical Franchises in India
#1. Lenskart Franchise
Lenskart is one of India’s leading online and offline retailers of eyewear products, offering a wide range of prescription glasses, sunglasses, contact lenses, and eyewear accessories. With a strong brand presence and innovative business model, the Lenskart franchise offers a promising investment opportunity.
- Cost: The initial investment required to open a Lenskart franchise typically ranges from INR 25 lakhs to INR 50 lakhs, depending on the location, size of the store, and other factors.
- Area Required: Lenskart franchise outlets generally require a retail space of around 400 to 800 square feet, located in prime commercial or retail areas with high foot traffic.
- Profit Margin: On average, Lenskart franchisees can expect a profit margin of around 25% to 35% on the sale of eyewear products, including frames, lenses, sunglasses, and contact lenses.
#2. Titan Eye Plus Franchise
Titan Eyeplus, a division of Titan Company Limited, is one of India’s largest optical retail chains, offering a diverse range of eyewear products, including frames, lenses, sunglasses, and contact lenses. With a focus on quality, innovation, and customer service, the Titan Eyeplus franchise is a trusted choice for entrepreneurs.
- Cost: The initial investment required to open a Titan Eyeplus franchise typically ranges from INR 30 lakhs to INR 50 lakhs, depending on the location, size of the store, and other factors.
- Area Required: Titan Eyeplus franchise outlets generally require a retail space of around 600 to 1000 square feet, located in prime commercial or retail areas with high foot traffic.
- Profit Margin: On average, Titan Eyeplus franchisees can expect a profit margin of around 25% to 35% on the sale of eyewear products, including frames, lenses, sunglasses, and contact lenses.
#3. GKB Opticals Franchise
GKB Opticals is a renowned name in the optical industry, known for its wide range of eyewear products, including prescription glasses, sunglasses, and lenses. In 1968 GKB first entered the Retailing business by inaugurating the first store in Gariahat, Kolkata. The founder is Mr. Brijendra Kumar Gupta. The brand won the ‘Most Admired Retailer’s award of the year 2013-2014 and the ‘India’s Most Trusted Brand’ in 2015. With a legacy of over six decades, the GKB Opticals franchise offers a strong brand identity and comprehensive support to franchisees.
- Cost: The initial investment required to open a GKB Opticals franchise typically ranges from INR 20 lakhs to INR 30 lakhs, depending on factors such as location, store size, and inventory requirements.
- Area Required: GKB Opticals franchise outlets generally require a retail space of around 300 to 500 square feet, located in prime commercial or retail areas with high visibility and foot traffic.
- Profit Margin: On average, GKB Opticals franchisees can expect a profit margin of around 20% to 30% on the sale of eyewear products, including frames, lenses, sunglasses, and contact lenses.
#4. Himalaya Optical Franchise
Himalaya Optical started its journey in the year 1935 with the launch of its first optical retail store. The company offers technologically advanced eyewear and vision care solutions in India. Currently, the brand has over 83 optical retail stores spread across the country in all major metros. Himalaya Opticals offers franchise opportunities for entrepreneurs in Pan India. The brand provides support to the franchise partners in several fields including store setup, staff training, inventory management, promotion, and advertising.
- Cost: The initial investment required to open a Himalaya Opticals franchise typically ranges from INR 15 lakhs to INR 25 lakhs, depending on factors such as location, store size, and inventory requirements.
- Area Required: Himalaya Opticals franchise outlets generally require a retail space of around 200 to 400 square feet, located in prime commercial or retail areas with high visibility and foot traffic.
- Profit Margin: On average, Himalaya Opticals franchisees can expect a profit margin of around 25% to 35% on the sale of eyewear products, including frames, lenses, sunglasses, and contact lenses.
#5. Specsmakers
This is a South India-based company. Currently, the company has over 290 stores across India. The company sells eyeglasses, sunglasses, contact lenses, colour lenses reading glasses, and other accessories. Specsmakers has been Awarded twice by the Times of India for “South India’s Best Affordable Opticians” in the years 2015 & 2016 and “Excellence in Retail and Customer Service” by South India Retail Forum. With an investment capacity of Rs 15 to 20 Lakh, you can apply for the Specsmakers franchise.
- Cost: The initial investment to open a Specsmakers franchise typically ranges from INR 10 lakhs to INR 20 lakhs, depending on factors such as location, store size, and inventory requirements.
- Area Required: Specsmakers franchise outlets generally require a retail space of around 200 to 400 square feet, located in prime commercial or retail areas with high visibility and foot traffic.
The space should be well-designed to accommodate display racks, fitting areas, customer seating, and administrative areas. - Profit Margin: On average, Specsmakers franchisees can expect a profit margin of around 25% to 35% on the sale of eyewear products, including frames, lenses, sunglasses, and contact lenses.
#6. Cleardekho
ClearDekho is a rapidly growing eyewear brand in India, offering trendy and affordable eyewear solutions. Its franchise model is designed to be simple and scalable, making it an attractive opportunity for aspiring entrepreneurs and existing optical retailers.
- Cost: The initial investment to open a ClearDekho franchise is relatively low, typically ranging from INR 5 lakhs to INR 10 lakhs.
- Area Required: ClearDekho franchise outlets can operate efficiently in compact retail spaces, with an area requirement of approximately 100 to 200 square feet.
- Profit Margin: While profit margins may vary based on factors such as sales volume, operational efficiency, and cost management, franchisees can typically expect a margin of around 30% to 40% on the sale of eyewear products.
#7. Optica
Optica is a popular optical retail chain offering a comprehensive range of eyewear products, including frames, lenses, sunglasses, and contact lenses. With a focus on innovation, style, and customer service, Optica franchise presents entrepreneurs with a rewarding business opportunity in the optical industry.
- Cost: The initial investment to open an Optica franchise varies depending on the location, size of the store, and other factors. On average, the investment can range from INR 15 lakhs to INR 30 lakhs.
- Area Required: Optica franchise outlets typically require a retail space of approximately 200 to 500 square feet. The location should be in a prime area with good visibility and accessibility to attract customers.
- Profit Margin: While profit margins may vary based on factors such as sales volume, operational efficiency, and local market conditions, franchisees can typically expect a margin of around 25% to 35% on the sale of eyewear products.
Disclaimer: The cost, area requirements, and profit margin mentioned above are approximate figures and may vary based on various factors, including location, market conditions, and individual business performance. Prospective franchisees are advised to conduct thorough due diligence and consult with Titan Eyeplus representatives for detailed franchise-related information.
Frequently Asked Questions
What are the typical costs associated with opening an optical franchise in India?
The costs associated with opening an optical franchise in India vary depending on the franchise brand, location, and size of the operation. Typically, franchisees can expect to pay initial franchise fees, setup costs for store infrastructure and equipment, inventory costs, and ongoing royalty and marketing fees to the franchisor. On average, you will need to invest in the range of ras. 20 Lacs to Rs. 30 Lacs to become a franchise of a reputed optical brand.
How much area is required to open an optical franchise in India?
The area required to open an optical franchise in India varies depending on the franchise brand and the specific requirements of the franchisor. Generally, optical franchises require a minimum floor area ranging from 200 square feet to 500 square feet for a standard retail store setup.
What is the profit margin for optical franchise businesses in India?
The profit margin for optical franchise businesses in India can vary depending on factors such as location, competition, operating expenses, and pricing strategies. However, successful optical franchise businesses typically achieve healthy profit margins due to factors such as brand recognition, product exclusivity, and efficient operations.
What kind of training and support can I expect as a franchisee of an optical franchise in India?
Franchisees of optical franchises in India can expect to receive comprehensive training and ongoing support from the franchisor. This includes training on product knowledge, sales techniques, customer service, and business operations. Franchisors also assist with site selection, store setup, inventory management, marketing, and staff training.
