Ridobiko is a two-wheeler leasing firm operating in 40+ cities and having a strong presence in India. We have 150+ partners listed and total of 1400+ vehicles on the platform.
Ridobiko has 4+ years of track record in this field and helped partners to grow their business by 3x-4x and reduced their costs by 30%.
Operations Commenced On 2017
Franchise Commenced On 2021
Investment INR 2lakh - 5lakh
Franchise/Brand Fee INR 20000
Royalty/Commission 10 %
Anticipated percentage return on investment 50 %
Likely pay back period of capital for a Unit Franchise 9-11 Months
Other investment requirements No
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 150 - 200 Sq.ft
Preferred location of unit franchise outlet Near to bus stand, railway station, airport (Ground floor)
Detailed operating manuals for franchisees Yes
Franchisee training location VIrtual meet, In person trainings
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? 3 Years
Is the term renewable? Yes
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