Narang Cycle Store

Area Requirement 600 Sq.ft
Investment Size INR 2 Lac - 5 Lac
Franchise Outlets Less than 10

Business Detail

About Us:

Narang Cycle Works is an authorized dealer of Atlas in Haridwar, Uttarakhand and is primarily offering outdoor and sporting goods. Our store is located at the heart of the city and is offering a wide range of products at most competitive prices.

PRODUCTS:-

Mountain bikes
Kids bikes
Basic ranger bikes
Bicycle repairing
Domestic gym equipment

We are also providing a complete setup and training to new entrepreneurs who are interested in the ever-growing bicycle business along with the interior and portfolio of the products.

Investment Detail

Commenced Operations

Operations Commenced On 2015

Franchising / Distribution Commenced On 2018

Franchise Details

UNITS

Location Store wise

Investment INR 2lakh - 5lakh

Franchise/Brand Fee INR 30000

Royalty/Commission 2 %

Expansion Locations

North

Himachal Pradesh, Uttaranchal

South

East

West

Central

UNION TERRITORIES

Franchise Details

Territorial rights for unit franchise Yes

Anticipated percentage return on investment 15%

Payback Period 1-3 Years

Any Other Requirements Tools , cycle stands and accessories racks

Property Details

Type of property required for this franchise opportunity Commercial

Area Requirement 600 Sq.ft

TRAINING DETAILS

Franchisee training location On site

Is field assistance available for franchisee ? Yes

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

AGREEMENT & TERM DETAILS

How long is the franchise term for? 5 Years

Is term renewable? Yes