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Yibeal Tradex, HX (hyperXchange): Leading the Revolution in Refurbished Electronics
HX (hyperXchange) has quickly established itself as a major player in the refurbished electronics market in India, earning recognition as RAI's 'Retail Startup of the Year' for 2020 and being named one of Collision's 'Top 10 Startups' for 2018. Our rapid ascent in the industry underscores our innovative approach and commitment to excellence in providing high-quality refurbished electronics.
Understanding the Market Opportunity
The global market for refurbished electronics—encompassing products such as mobiles, laptops, televisions, and accessories—represents a significant $25 billion opportunity. This market is expanding at a remarkable compound annual growth rate (CAGR) of 40%, reflecting a surge in consumer demand for affordable, high-quality technology.
Among the fastest-growing markets in this sector are those in India, the UK, and the US, which collectively account for over half of the global revenue. The COVID-19 pandemic in 2020 acted as a catalyst for this growth, accelerating market expansion by more than 78% as remote work and online learning became prevalent. This shift has created an exceptional opportunity for businesses like HX to lead and innovate within the refurbished electronics space.
Why HX Is Unique
HX distinguishes itself in the refurbished electronics market through several key factors that contribute to our remarkable growth rate of over 100% annually:
At HX, we are committed to providing products that meet the highest standards of quality. Our AGAiN (As Good As New) quality assurance program ensures that every device we offer undergoes rigorous inspection, refurbishment, and testing. This meticulous process guarantees that our customers receive products that perform like new, with enhanced reliability and durability.
We recognize that purchasing refurbished electronics requires confidence in the product's quality. To address this, HX offers a 30-day worry-free return policy. This policy allows customers to test their purchases and return them if they are not fully satisfied, providing an added layer of reassurance and trust in our products.
Our buyback guarantee is a distinctive feature of our offering. Customers can return their refurbished electronics within nine months for up to 80% of the original purchase value. This buyback option adds significant value to our products and provides customers with flexibility and peace of mind regarding their investment.
HX stands out with our comprehensive 12-month replacement warranty. This warranty covers any issues that may arise with our products, and we offer the convenience of doorstep pickup for warranty-related services. This commitment to customer support ensures prompt and efficient assistance, reinforcing our dedication to providing reliable and high-quality products.
The Franchise Opportunity with HX
As the refurbished electronics market continues to expand, HX offers an attractive franchise opportunity for individuals and businesses looking to enter this thriving industry. Our franchise model is designed to provide significant advantages and support to our partners, enabling them to establish and grow a successful business.
One of the key benefits of our franchise offering is the assured monthly return, which helps mitigate financial risk and provides a stable income stream for our franchise partners. This assurance reflects our confidence in the profitability of our business model and our commitment to supporting our franchisees' success.
HX provides a flexible investment plan tailored to different growth appetites. This approach allows potential franchisees to choose an investment level that aligns with their financial goals and business objectives. Our flexible plan ensures that our franchise offering is accessible to a wide range of entrepreneurs, from those seeking a modest entry point to those aiming for a larger investment.
HX leverages a powerful combination of online scale and offline convenience to drive business growth. Our robust online platform offers extensive market reach and visibility, while our offline presence ensures local engagement and customer interaction. This integrated approach enhances our ability to serve customers effectively and supports our franchise partners in building a successful business.
Why Partner with HX?
HX's rapid growth and industry recognition underscore the effectiveness of our business model. Our approach to refurbishing and selling electronics combines quality assurance, customer-focused policies, and effective marketing strategies. By joining our franchise network, you gain access to a business model with a proven track record and significant potential for returns.
As a franchisee with HX, you will benefit from comprehensive support throughout your business journey. From initial training and setup to ongoing operational assistance and marketing support, we are dedicated to providing the resources and guidance needed to succeed. Our experienced team is committed to ensuring that you are well-prepared to manage your franchise and deliver exceptional service to your customers.
HX’s recognition as RAI's 'Retail Startup of the Year' and inclusion in Collision's 'Top 10 Startups' highlight our leadership and reputation in the refurbished electronics industry. Partnering with a well-regarded brand provides you with a competitive advantage and helps attract customers who value our commitment to quality and innovation.
The refurbished electronics market is experiencing rapid expansion, and HX is positioned at the forefront of this growth. By becoming a franchisee, you tap into a thriving industry with substantial opportunities for expansion. Our strategic advantages, combined with your entrepreneurial drive, create a pathway for significant business growth and success.
Conclusion
HX (hyperXchange) is redefining the refurbished electronics market with a focus on quality, customer satisfaction, and innovative business practices. Our impressive growth, distinctive value propositions, and comprehensive franchise support make us an appealing opportunity for entrepreneurs seeking to enter a dynamic and lucrative industry. We invite you to explore the potential of partnering with HX and join us in shaping the future of refurbished electronics.
Operations Commenced On 2016
Franchise Commenced On 2020
Investment INR 10000 - 50000
Franchise/Brand Fee INR 25000
Royalty/Commission 12 %
Region Wise
Investment INR 5lakh - 10lakh
Master Fee INR 50000
Commission 12 %
City Wise
Investment INR 10000 - 50000
Exclusive territorial rights to a unit franchisee Yes
Performance guarantee to Unit Franchise Yes
Anticipated percentage return on investment 45 %
Likely pay back period of capital for a Unit Franchise 1-2 Years
Delhi, Haryana, Himachal Pradesh, Jammu and Kashmir, Punjab, Uttarakhand, Uttar Pradesh
Kerala, Karnataka, Tamil Nadu, Andhra Pradesh, Telangana
Assam, Meghalaya, Mizoram, Tripura, Arunachal Pradesh, Manipur, Nagaland, West Bengal, Sikkim, Odisha
Gujarat, Rajasthan, Maharashtra, Goa
Chhattisgarh, Madhya Pradesh, Bihar, Jharkhand
Andaman and Nicobar, Pondicherry, Chandigarh, Lakshadweep, Daman and Diu
Type of property required for this franchise opportunity Commercial
Floor area requirement 25 - 500 Sq.ft
Preferred location of unit franchise outlet Mall kiosk and Supermarket SIS
Detailed operating manuals for franchisees Yes
Franchisee training location Online Video Conference
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
Do you have a standard franchise agreement? Yes
How long is the franchise term for? 1 Year
Is the term renewable? Yes
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