Philips - Franchise
Tab of below mentioned points :
- 120+ years of Glorious existence
- Already running 130 + Light Lounges
- Promoted by Celebrity - Ranbir Kapoor /Shruti Hassan
PHILIPS LIGHT LOUNGE INPUT:
- Delivers an engaging Retail experience that inspires the Shopper
- Demonstrates the transforming power of light for people’s Homes and Lives – making light relevant to their lives
- Allows people to choose based on desired mood and effect, not just fitting and price
- 5% Stock correction for MSF
- Consignment on outright Model
- 70% of cost of Interiors
- 100% of cost & installation of signage
- Design & Project Management
Industry Highlight– India Lighting Business was estimated to be over Rs. 100,000 million in 2014 and Philips retains its market Leadership with around 30% market share. Desired Profile - Primarily from a business background of Electrical/ Lighting/ Home Furnishing/ Home Décor/Electronics & Appliances/ Bath Fittings and having substantial exposure in Projects. Partner invited for – Single Store or Multi Store Franchisee
Investment criterion:
- 3 months of Inventory
- Initial investment on Infrastructure (Light Lounge)
- Area – 700 sq ft- 1000 sq ft
Philips - Franchise Investment Details
Commenced Dates
Date Commenced Operations 1950 Date Commenced Franchising / Distribution 2015
Franchise Details
Units
Area Investment Franchise/Brand Fee Royalty/Commission Store Wise Rs. 30lac - 50lac
Expansion Locations
North South East West Center Union Territories
Franchise Details (Optional)
Want to expand Nationwide Exclusive territorial rights to a unit Yes Performance guarantee to unit franchisee No Anticipated percentage return on investment 24% Likely pay back period of capital for a unit franchise 3 years - 3.5 years Other investment requirements No
Philips - Franchise Training Details
Detailed operating manuals for franchisees Yes Where is franchisee training provided? No 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
Philips - Franchise Property Details
Type of property required for this franchise opportunity
Lightmarkets/Highstreets
Floor area requirement 500 sq ft-800 sq ft . (1 Sq Meter = 10.76 Sq Ft.) Preferred location of unit franchised outlet Mumbai/Delhi
Philips - Franchise Other Details
Do you have a standard franchise agreement? Yes How long is the franchise term for? 5 years Is the term renewable? Yes
Philips - Franchise
Category : Consumer electronics
Area Req : 500 800 Sq. Feet
Franchise Outlets : 130
Investment: Rs. 30 Lac - Rs. 50 Lac
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