Franchise Categories
Hotline: 1800 102 2007
Hotline : 1800 102 2007
Consumer Electronics

Open Box Inc

Area Requirement 1000 - 5000 Sq.ft
Investment Size INR 20 Lac - 30 Lac
Franchise Outlets 50-100
Business Detail

Never Owned is a premium brand associated with the re-commerce of branded Electronics and other household items which either have been directly procured from the OEM under excess inventory category or unboxed items returned by the customers on leading ecommerce portals. These items have never been owned by anyone, are unused but may have their packaging boxes opened. We have an extremely efficient procurement channel to source such items at large scale from OEMs and e-com portals, with nationwide distribution through company owned outlets, franchises, business associates and online.

Founded in 2016 with a vision to "transform the way open box trade and retail is done in India by leveraging technology", Open Box Inc aspires to be Indias largest business-to-business and business-to-consumer re-commerce platform for electronics and lifestyle categories. It has operations across categories including lifestyle, electronics, home kitchen, electricals, cycles, sports equipment amongst others.

We operate an online shopping platform that offers customers and bulk buyers the option to purchase unused, branded open boxed, surplus, overstocked and refurbished products at low prices. Amazon, Flipkart, LG, Samsung, IFB and many other large Original Equipment manufacturers (OEMs) are among our several large sourcing partners.

Through our brand NeverOwned, we are solving core value-for-money problems faced by individual and institutional consumers while buying overhyped and overpriced new large appliances that are unique to India, through its unique low-cost business model by leveraging technology and bringing the benefits of re-Commerce to them. Open Box Inc has built inclusive tech tools relevant to Bharat, especially catering to the needs of retailers and consumers, providing them an edge and advantage over contemporary high-priced similar quality, and same-brand products.

Investment Detail
Commenced Operations
Operations Commenced On 2016
Franchising / Distribution Commenced On 2022
Franchise Details
UNITS
Location Store wise
TRADE PARTNERS
TRADE PARTNER - 1
TYPES OF CHANNELS 5
INVESTMENT (IF ANY)Rs. 20lakh - 30lakh
MARGIN / COMMISSIONS 30%
AREA REQUIREMENT NIL
Expansion Locations
North
Delhi, Haryana, Himachal Pradesh, Jammu and Kashmir, Punjab, Uttarakhand, Uttar Pradesh
South
Karnataka, Tamil Nadu, Andhra Pradesh, Telangana
East
Assam, West Bengal, Odisha
West
Gujarat, Rajasthan, Maharashtra, Goa
Central
Chhattisgarh, Madhya Pradesh, Bihar, Jharkhand
UNION TERRITORIES
Chandigarh
Franchise Details
Territorial rights for unit franchise Yes
Anticipated percentage return on investment 30%
Payback Period 2-4 Months
Any Other Requirements None
Property Details
Type of property required for this franchise opportunity Commercial
Area Requirement 1000 - 5000 Sq.ft
Preferred location of unit franchise outlet highly populated areas or commercial markerts are preferable
TRAINING DETAILS
Franchisee training location Delhi
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

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