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Consumer Electronics

Cosmos Online Pvt. Ltd.

  • Area Req
    50-80 sq ft
  • Investment Range
    Rs. 2lac - 5lac
  • Franchise Outlets
    1
Business Details

Join hands with a brand that will reap high returns for your investment, connect to Gizmobaba!

Gizmobaba is a brand of innovative and unique gadgets and gizmos that were so far not available in the Indian market. These are products of daily use that are very popular in Western countries.

We are currently offering 2 formats for franchising:

  • A Shop in Shop format where you can display Gizmobaba products in an existing shop
  • A Kiosk format, where you exclusively sell Gizmobaba products.

USP’s of GIZMOBABA Franchise Option:

  • Easy and Low Investment Business: Low investment business with substantially high margin
  • Untapped Market: Zero competition in the given space which is totally untapped with no other player offering affordable and innovative electronic gadgets
  • Innovative Concept: Only players in the market which has come up with the ‘innovative gadgets’ which is nowhere available at such amazing prices and with warranty. Products are unique so every customer will want to buy something or the other. Very high repeat purchase, as we constantly launch new products.
  • Proven Business: Proven business, with huge growth since business inception. High profitability and high repeat purchases.
  • Strong Training Support: Strong Support system with time to time training to enhance operational efficiencies.
  • High Margin: Margin as high as 25% on web price and an average of over 50% on MRP. Payback is very fast due to high margins and high volumes with low inventory holding cost. New products launched are offered for first few days for exclusive sale by franchisees only, so you can sell at MRP and make high margins on these new launches. Additionally, some high margin products to be made available for outlet sale only where high margin can be earned.
  • Constant flow of new products: Several new products are launched every month giving the franchisee an option to showcase the latest international products every month and also ensure that the loyal customers keep coming back to buy the latest products.
  • Zero Risk: Products that don’t move can be exchanged for other products, so there is zero dead inventories.
  • Online order for zero inventories: Products that you don’t have in inventory can also be ordered from us and we can ship direct to customer or to your store at short notice.
  • High Volume of sale due to Impulse Purchase Products: Most of the products are priced below Rs.1000 so that customers will buy the product immediately if they like it. The products are very high impulse purchases. If a customer walks in to the store, he will certainly buy something or the other.
  • No Competition: Being extremely innovative products, there is virtually zero competition. Gizmobaba has a near monopoly in these products, so a franchisee is assured a good margin with no undercutting.
  • Products with Warranty: All products are supported with a Warranty directly from the brand. No headache of after sales support for the Franchisee.

Industry Overview:

  • Electronic Gadgets industry is booming with double digit growth rate, customers are demanding more from the industry in terms of innovation and reach.
  • With an increase in household income levels, thirst for acquiring latest technologies, rising awareness among consumers, etc. the Indian consumer electronics market is expected to grow at a CAGR of more than 17% during 2014-2018.
  • Today, the most selling category in retail is ‘Electronics’ with a market share of 61%. Younger consumers are leading the adoption of new technologies. Buyers continue to hunt for these products in offline shops.

 
Franchise Facts for a Gizmobaba Unit Franchise:

 Particulars

Kiosk Model

Shop in Shop

Minimum Carpet Area

80 sq. ft.

-

Total Project Cost

INR 4-5 lakhs

INR 1.5 to 2 lakhs

Franchise Fee

INR 50 thousand to 1.5 lakhs

INR 50 thousand

Payback*

Less than 1 year

Less than 1 year

 

*With an average margin of Rs.300 per item and assuming only 15-20 sales per day, the average payback time is under 3 months!

Thanks & Regards

Gizmobaba Team

Investment Details

Commenced Operations

Operations Commenced On2012

Franchising / Distribution Commenced On2014

Franchise Details
Units

Area50-80 sq ft

Investment Rs. 2lac - 5lac

Franchise/Brand Fee - NA -

Royalty/Commission- NA -

Expansion Locations
North

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

South

Karnataka, Kerala, Tamil Nadu

East

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

West

Goa, Gujarat, Maharashtra, Rajasthan

Central

Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh

Union Territories

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

Franchise Details

Want to expandNationwide

Exclusive territorial rights to a unit franchise Yes

Performance guarantee to unit franchisee No

Anticipated percentage return on investment over 100% per year

Likely pay back period of capital for a unit franchise 3-6 months

Other investment requirements store design, furniture, inventory.

Property Details

Type of property required for this franchise opportunity High Footfall area,

Floor area requirement 50-80 sq ft

Preferred location of unit franchise outlet mall

Training Details

Detailed operating manuals for franchisees Yes

Franchisee training location Mumbai

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 No

Agreement & Term Details

Do you have a standard franchise agreement? Yes

How long is the franchise term for? 3 Year

Is the term renewable? Yes

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