Specsmakers is Indias fastest growing optical chain with currently 75 stores. All the stores are company owned and they have a centralised process system in place. The company deals in prescription eyewear, Sunglasses and contact lenses. Each store of specsmakers comes with a completely computerised eye testing facility. The company plans to grow to about 500 stores in 3 years and is very aggressive in its marketing space and domain.
commenced Dates
Date Commenced Operations | 2005 |
Date Commenced Franchising / Distribution | 2010 |
Franchise Details
Units
Area | Investment | Franchise/Brand Fee | Royalty/Commission |
Store Wise |
Rs. 10lac - 20lac |
200000 |
Expansion Locations
North | |
South | Tamil Nadu |
East | |
West | |
Center | |
Union Territories |
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 | 20%-35% |
Likely pay back period of capital for a unit franchise | |
Other investment requirements |
Detailed operating manuals for franchisees | no |
Where is franchisee training provided? | Head Office Chennai |
Is field assistance available for franchisee? | no |
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 | |
Floor area requirement |
-- |
Preferred location of unit franchised outlet | Non-Prime with good foot fall. |
Do you have a standard franchise agreement? | yes |
How long is the franchise term for? | 5 years |
Is the term renewable? | yes |
Category : Fashion
Area Req :
Franchise Outlets : No Outlets
Investment: Rs. 10 Lac - Rs. 20 Lac