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Palred Online Technologies Private Limited

  • Area Req
    150 - 250 Sq.ft
  • Investment Range
    Rs. 5lac - 10lac
  • Franchise Outlets
    No Outlets
Business Details

Palred Technologies Limited is a public listed company on NSE./BSE since 2004. The company owns & operates an e-commerce business LatestOne.com through it's subsidiary Palred Online Technologies Private Limited (POT in short). LatestOne.com is India's largest e-tailer in the vertical tech & mobile accessories. It stocks almost 10,000 SKUs in its fulfillment centers in Hyderabad and New Delhi. The company is currently shipping more than 100,000 orders per month. The company also owns the brand PTRON range of products for accessories such as Headsets, power Banks, VR headsets, Cables, Mobile and tablet cases & covers. This is a Rs 18,000 crore market and one of the fastest growing business verticals. There is an opportunity to setup small kiosk/outlet style retail points in all Tier 1 & 2 cities, particularly in the malls to sell from the stock in the store as well as sell from a huge range of products available online. This is ideal for young entrepreneurs who want to setup businesses with an investment less than Rs 10 lacs but has a high probability of succcess. The company has already delivered more than one million orders successfully in the country in the last 18 months. Both the brands - LatestOne.com and PTRON products are well established and will certainly attract a lot of customers to the store, if an outlet is opened in any mall with good footfalls, particularly of youth. 

Investment Details

Commenced Operations

Operations Commenced On2013

Franchising / Distribution Commenced On2015

Franchise Details
Units

Area150 - 250 Sq.ft

Investment Rs. 5lac - 10lac

Franchise/Brand Fee None

Royalty/CommissionNone

Master / Multi Units

Region Wise

Investment Rs. 10000 - 50 K

Unit Fee - NA -

Master Fee - NA -

Commission - NA -

State Wise

Investment Rs. 50lac - 1 Cr.

Unit/Brand Fee - NA -

Master/Brand Fee - NA -

Royalty/Commission - NA -

City Wise

Investment Rs. 5lac - 10lac

Unit/Brand Fee NIL

Master/Brand Fee NIL

Royalty/Commission - NA -

Expansion Locations
North

Delhi, Haryana, Punjab, Uttar Pradesh

South

Andhra Pradesh, Karnataka, Kerala, Tamil Nadu

East

Odisha

West

Gujarat, Maharashtra, Rajasthan

Central

Jharkhand, Madhya Pradesh

Union Territories

Chandigarh, Pondicherry

Franchise Details

Want to expandNationwide

Exclusive territorial rights to a unit franchise Yes

Performance guarantee to unit franchisee Yes

Anticipated percentage return on investment 30

Likely pay back period of capital for a unit franchise 2 - 4 Year

Other investment requirements NO, this investment is all inclusive

Property Details

Type of property required for this franchise opportunity Commercial

Floor area requirement 150 - 250 Sq.ft

Preferred location of unit franchise outlet Inside a shopping mall, preferably like a kiosk at a junction

Training Details

Detailed operating manuals for franchisees No

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? No

How long is the franchise term for? 5 Year

Is the term renewable? Yes

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