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  • Area Req
    400-500 SqFt
  • Investment Range
    Rs. 10lac - 20lac
  • Franchise Outlets
    2
Business Details
“Hi5” is a multi-branded discount store, offering customers a wide range of products with a minimum of 20% & going up to 70% discounts - throughout the year. The store retails brands like Lee Cooper, Pepe Jeans, Levi’s, Benetton, Spykar, Wrangler, Lee, Provogue, Arrow, SF jeans and more. Apart from Indian brands the store also sources products from global markets, most of which are unavailable in the country. Hi5 started off as a “Value Retailing” in mid 2009, Post the launch and the stupendous success of the first store in the year 2009, Hi5 has set up 2 franchised outlets, which are currently operational. Hi5’s strength as a retailer lies in proper procurement and an excellent supply chain management. This helps in getting better pricing from the manufacturer and thereafter passing the benefit on to the consumer. Hi5 currently offers the right mix of semi-formal, casuals and sports category of garments, footwear and accessories. Hi5 planning to open up stores in cities like Chennai, Coimbatore, Pondicherry and Tirupur & on. The store ended up last year (2009-10) with a top line of 1.5 crores To propel the growth of the company and to move to the next level, we have invested skillfully in IT and SCM. Our main focus is on Backward Integration to take growth to about 100 stores by the year 2016-17.

Investment Details

Commenced Operations

Operations Commenced On2009

Franchising / Distribution Commenced On2010

Franchise Details
Units

Area400-500 SqFt

Investment Rs. 10lac - 20lac

Franchise/Brand Fee Hi5

Royalty/Commission4%

Expansion Locations
North

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

South

Andhra Pradesh, 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 No

Performance guarantee to unit franchisee Yes

Anticipated percentage return on investment 20-25%

Likely pay back period of capital for a unit franchise 2Years

Other investment requirements - NA -

Property Details

Type of property required for this franchise opportunity - NA -

Floor area requirement 400-500 SqFt

Preferred location of unit franchise outlet - NA -

Training Details

Detailed operating manuals for franchisees Yes

Franchisee training location No

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? 5 Year

Is the term renewable? Yes

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