SLONKIT (Sienna Systems Resources Pvt. Ltd.)

Area Requirement 500 - 1000 Sq.ft
Investment Size INR 2 Lac - 5 Lac
Franchise Outlets No Outlets

Business Detail

Slonkit is India’s first money management app linked to a RFID enabled re-loadableprepaid VISA card. It can facilitate all transactions at various touch points inside the campus and can double up as the institution ID card for the students.

Three major elements

1. Educative - Imparting financial literacy via the VISA card and smart money management platform like Budgeting and Expense Management

2. Cashless Campus - Cashless Campus with customized payment solutions across the campus and spends analytics for college administrators

3. Digital - Digital Campus with an integrated ID and payment card

Investment Detail

Commenced Operations

Operations Commenced On 2012

Franchising / Distribution Commenced On 2016

Franchise Details

UNITS

Location Store wise

Investment INR 2lakh - 5lakh

Master / Multi Unit

Region Wise

Investment INR 20lakh - 30lakh

राज्य अनुसार

Investment INR 10lakh - 20lakh

शहर अनुसार

Investment INR 5lakh - 10lakh

देश अनुसार

Investment INR 30lakh - 50lakh

Expansion Locations

North

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

South

Kerala, Karnataka, Tamil Nadu, Andhra Pradesh

East

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

West

Gujarat, Rajasthan, Goa

Central

Chhattisgarh, Madhya Pradesh, Bihar, Jharkhand

UNION TERRITORIES

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

Franchise Details

Territorial rights for unit franchise Yes

Performance guarantee to unit franchisee Yes

Anticipated percentage return on investment 200%

Payback Period 1 - 2 Years

Any Other Requirements HR, Infra & Branding

Property Details

Type of property required for this franchise opportunity Commercial

Area Requirement 500 - 1000 Sq.ft

Preferred location of unit franchise outlet Anywhere

TRAINING DETAILS

Detailed operating manuals for franchisees Yes

Franchisee training location Company Head Office

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? 3 Years

Is term renewable? Yes