Ritu Wears

Area Requirement 10000 - 15000 Sq.ft
Investment Size INR 5 Cr - 10 Cr
Franchise Outlets Less than 10

Business Detail

About Us:

Ritu Wears is one of the biggest family apparel and accessories store chain in North India and a reputed name in Delhi's fashion industry.

In the rapidly evolving retail scenario, Ritu Wears holds a legacy of over 5 decades, due to which, it has successfully carved a niche for its brand of merchandise, which today has a loyal following. Riding high on the success of the India's leading fashion apparel and accessories brand, Ritu Wears is now moving ahead to promote and expand its business through the FOFO franchise model pan India.

With multiple stores across North India, the company's focus is to expand within 300 kms in Delhi and other states like Haryana, Punjab, Uttar Pradesh, Rajasthan, etc. via 50 units.

Investment Detail

Commenced Operations

Operations Commenced On 2017

Franchising / Distribution Commenced On 2017

Franchise Details

UNITS

Location Store wise

Investment INR 5 Cr. above

Franchise/Brand Fee INR 1500000

Royalty/Commission 5 %

Expansion Locations

North

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

South

East

West

Central

UNION TERRITORIES

Franchise Details

Territorial rights for unit franchise Yes

Anticipated percentage return on investment 34%

Payback Period 4-5 Years

Any Other Requirements 00

Property Details

Type of property required for this franchise opportunity Commercial

Area Requirement 10000 - 15000 Sq.ft

Preferred location of unit franchise outlet NCR, North India

TRAINING DETAILS

Detailed operating manuals for franchisees Yes

Franchisee training location Corporate 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? 9 Years

Is term renewable? Yes