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Wickedride Adventure Services Ltd

  • Area Req
    100 - 1000 Sq.ft
  • Investment Range
    INR 30 Lac - 50 Lac
  • Franchise Outlets
    20-50
Business Details

About:

Wicked Ride is a technology-driven two-wheeler rental company, offering premium, luxury bikes and utility commuter bikes on rent for end consumers .Wicked Ride through its utility two-wheeler rentals – Metro Bikes, helps solve urban transport problem in rapidly growing metros and cities. It addresses the increased congestion and travel time in cities, and the first and last mile connectivity gap in the existing public transport system.

It is a technology-driven two-wheeler rental company, offering premium, luxury bikes and utility commuter bikes on rent for end consumers.

It solves the problems of wide gap between aspirationand affordability through premium bike rentals.

Wicked Ride through its utility two-wheeler rentals –Metro Bikes, helps solve urban transport problem in rapidly growing metros and cities. It addresses the increased congestion and travel time in cities, and the first and last mile connectivity gap in the existing public transport system.

It has struck successful, mutually-beneficial partnerships with various Metro Rail authorities, Large MNCs, Logistics & Hyper local delivery companies etc.

It caters to the rapidly growing trends of “Rent” and “Share” instead of “Buy”.

The company has cracked the “Asset Light” model, resulting in rapid scale and positive unit economics.

Franchise Details

1. Unit Franchise

2. Express Franchise

Unit Franchise:

Investment - 15lac to 45lac

Franchise Fee - 5,00,000

Royalty - 20

Express Model:

Investment - 5lac to 10lac

Franchise Fee - 2,00,000

Royalty - 20

Investment Details

Commenced Operations

Operations Commenced On 2013

Franchising / Distribution Commenced On 2017

Franchise Details
Units

Investment INR 30lac - 50lac

Franchise/Brand Fee INR 500000

Royalty/Commission 20% %

Expansion Locations
North

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

South

Kerala, Karnataka, Tamil Nadu, Andhra Pradesh

East

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

West

Gujarat, Rajasthan, Maharashtra, Goa

Central

Chhattisgarh, Madhya Pradesh, Bihar, Jharkhand

Union Territories

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

Franchise Details

Exclusive territorial rights to a unit franchise Yes

Anticipated percentage return on investment 45 %

Likely pay back period of capital for a unit franchise 1 - 2 Years

Other investment requirements no

Property Details

Type of property required for this franchise opportunity Commercial

Floor area requirement 100 - 1000 Sq.ft

Preferred location of unit franchise outlet PAN INDIA

Training Details

Detailed operating manuals for franchisees Yes

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 Years

Is the term renewable? Yes

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