NEEDS

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BUSINESS DETAILS

About Us:

NEEDS, a well-known brand which opened its first Superstore in 2002, is one of the pioneers in the field. With almost 20 years of experience, we have started sharing our knowledge, processes, and strong procurement channels with wanna-be Entrepreneurs. As part of our mission, we always targeted for having stable and healthy operations where profitability is the key metric. With smooth and profitable operations in multiple cities, we have been able to achieve the same. We provide complete initial hand holding to our Franchisees so that they can also be part of our family and be a happy owner of successful Superstore!

INVESTMENT DETAILS

Commenced Operations

Operations Commenced On: 2002

Franchise Commenced On: 2020

Franchise Details

UNITS

Investment: INR 30lac – 50lac

Franchise/Brand Fee: INR 500000

Royalty/Commission: 20 %

MASTER / MULTI UNITS

City Wise

Investment: INR 50lac – 1 Cr.

Master/Brand Fee: INR 1000000

Royalty/Commission: 1 %

Expansion Locations

NORTH

Delhi, Haryana, Himachal Pradesh, Jammu and Kashmir, Punjab, Uttaranchal, Uttar Pradesh

SOUTH

Kerala, Karnataka, Tamil Nadu, Andhra Pradesh, Telangana

EAST

Assam, Meghalaya, Mizoram, Tripura, Arunachal Pradesh, Manipur, Nagaland, West Bengal, Sikkim, Odisha

WEST

Gujarat, Rajasthan, Maharashtra, Goa

CENTRAL

Chhattisgarh, Madhya Pradesh, Bihar, Jharkhand

UNION TERRITORIES

Andaman and Nicobar, Pondicherry, Chandigarh, Lakshadweep, Daman and Diu

Franchise Details

Exclusive territorial rights to a unit franchisee: Yes

Anticipated percentage return on investment: 46 %

Likely pay back period of capital for a Unit Franchise: 1-2 Years

Other investment requirements: no

PROPERTY DETAILS

Type of property required for this franchise opportunity: Commercial

Floor area requirement: 1000 – 1200 Sq.ft

Preferred location of unit franchise outlet: Ground Floor in Dense residential or High street

TRAINING DETAILS

Franchisee training location: Head Office (Noida)

Is field assistance available for franchisee ? Yes

Expert guidance from Head Office to franchisee in opening the franchise: Yes

Current IT systems will be included in the franchise: Yes

AGREEMENT & TERM DETAILS

Do you have a standard franchise agreement? Yes

How long is the franchise term for? 5 Years

Is the term renewable? Yes

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