MITRAS BIKES PRIVATE LIMITED

Area Requirement 800 - 1000 Sq.ft
Investment Size INR 20 Lac - 30 Lac
Franchise Outlets Less than 10

Business Detail

AHOY! Bikes (Mitras Group) has been serving the bicycle industry for over 35 years now, manufacturing components for and supplying to almost all the major OEMs in the Industry.

In the year 2018, the company decided to diversify and set up a state-of-the-art bicycle manufacturing facility to strengthen its ability to produce high-quality bicycles at an affordable price.

Investment Detail

Commenced Operations

Operations Commenced On 2018

Franchising / Distribution Commenced On 2020

Franchise Details

UNITS

Location Store wise

Investment INR 20lakh - 30lakh

Franchise/Brand Fee INR 300000

Royalty/Commission 00 %

Expansion Locations

North

Delhi, Haryana, Himachal Pradesh, Jammu and Kashmir, Punjab, Uttarakhand, 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

Territorial rights for unit franchise Yes

Payback Period 1-3 Years

Property Details

Type of property required for this franchise opportunity Commercial

Area Requirement 800 - 1000 Sq.ft

Preferred location of unit franchise outlet Pan India

TRAINING DETAILS

Detailed operating manuals for franchisees Yes

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