Business Details
ABOUT MYLES
Myles is India's premier self-drive service available across 21 cities with 250+ convenient pick-up locations. Myles' wide range of cars includes more than 38 car models from a Mahindra e2o to a Mercedez.
Myles has grown from 14 cars to 1200+ cars in the last three years. To further cater to the growing demand for self-drive, Myles plans to bring together a fleet of 50,000 cars in 50 cities spread across over 5000 locations. in the next few years. The idea is to provide a Myles car every 400 meters in a city.
Self-drive through Myles is making sure that greater flexibility, convenience and affordability is available to any individual looking to buy a car. We use sophisticated telematics solutions to enable all cars to be available on a single web and mobile platform. Today, Myles is changing the way young urban Indians are buying cars.
Commenced Dates
Date Commenced Operations | 2013 |
Date Commenced Franchising / Distribution | 2013 |
Franchise Details
Units
Area | Investment | Franchise/Brand Fee | Royalty/Commission |
---|---|---|---|
- Sq.ft | Rs. 5lac - 10lac |
Master/ Multi Units
Area | Investment | Unit/Brand Fee | Master/Brand Fee | Royalty/Commission |
City Wise | Rs. 10000 - 50 K | |||
State Wise | Rs. 10000 - 50 K | |||
Region Wise | Rs. 10000 - 50 K |
Expansion Locations
North | Delhi, Haryana, Uttar Pradesh |
South | Karnataka, Tamil Nadu, Telangana |
East | |
West | Maharashtra, Rajasthan |
Center | |
Union Territories | Chandigarh |
Franchise Details (Optional)
Want to expand | Nationwide |
Exclusive territorial rights to a unit | No |
Performance guarantee to unit franchisee | No |
Anticipated percentage return on investment | 25 |
Likely pay back period of capital for a unit franchise | |
Other investment requirements |
Detailed operating manuals for franchisees | Yes |
Where is franchisee training provided? | Head Office |
Is field assistance available for franchisee? | Yes |
Will someone from Head Office provides assistance to franchisee in opening the franchise? | Yes |
What IT systems do you presently have that will be included in the franchise? | Yes |
Type of property required for this franchise opportunity | Others |
Floor area requirement | - Sq.ft |
Preferred location of unit franchised outlet |
Do you have a standard franchise agreement? | Yes |
How long is the franchise term for? | 3 Year |
Is the term renewable? | Yes |
Category : Hotel Travel & Tourism
Area Req : - Sq. Feet
Franchise Outlets : Less than 10
Investment: Rs. 5 Lac - Rs. 10 Lac