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Jay Retailing and Merchandising Private Limited

  • Area Req
    - NA -
  • Investment Range
    Rs. 50lac - 1 Cr.
  • Franchise Outlets
    2
Business Details
“The LOOT” is a multi-branded discount store, offering customers a wide range of products with a minimum of 25% & going up to 70% discounts - throughout the year. The store retails brands like Adidas, Nike, Reebok, Red Tape, Lee Cooper, Pepe Jeans, Levi’s, Benetton, Spykar, Wrangler, Lee, Provogue, Arrow, SF jeans and many more. Apart from Indian brands the store also sources products from global markets, most of which are unavailable in the country. The Loot started off as a franchisee of various brands & later moved into the current format of “Value Retailing” in mid 2004. Post the launch and the stupendous success of the first store in the year 2004, The Loot has set up 14 outlets, which are currently operational. The concept & the store outlook has managed to get a strategic tie-up with Spencer’s’ Hypermarket (a RPG Enterprise). The Loot will have a Shop-in-Shop with every Spencer’s’ store in the country. The Loot is also talking to other Hypermarket formats such as Star India Bazaar (a Tata enterprise), Magnet etc. to have similar SIS’s. The Loot’s strength as a retailer lies in proper procurement & an excellent supply chain management. This helps in getting better pricing from the manufacturer and thereafter passing the benefit on to the consumer. The LOOT currently offers the right mix of semi-formal, casuals, & sports category of garments, footwear & accessories and will soon launch its Formal section. The store also has an exclusive tie-up with brands like Tuscan Verve & Thomas Scott for their pan India surplus business. The format of the NEW Loot store is going to be around 15,000 sqft. The will be under the umbrella of The LOOT - Megastore. The LOOT currently operates 14 stores in cities like, Mumbai, Navi Mumbai, Ghaziabad, Delhi, Hyderabad & Vizag. Opening up stores in cities like Surat, Nashik & Baroda is on the anvil. The store ended up last year (2004-05) with a top line of 15 Crores and planning to end the current financial year at about 25 Crores. To propel the growth of the company and to move to the next level, they have invested skillfully in IT & SCM. Their focus is also on personnel training and great emphasis is being laid on preparing the back end to take growth to about 100 stores by the year 2008-09.

Investment Details

Commenced Operations

Operations Commenced On2004

Franchising / Distribution Commenced On2006

Franchise Details
Units

Area- NA -

Investment Rs. 50lac - 1 Cr.

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 Yes

Anticipated percentage return on investment 10

Likely pay back period of capital for a unit franchise - NA -

Other investment requirements - NA -

Property Details

Type of property required for this franchise opportunity - NA -

Floor area requirement - NA -

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? No

How long is the franchise term for? Year

Is the term renewable? No

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