About Us:
Ritu Wears is one of the biggest family apparel and accessories store chain in North India and a reputed name in Delhi's fashion industry.
In the rapidly evolving retail scenario, Ritu Wears holds a legacy of over 5 decades, due to which, it has successfully carved a niche for its brand of merchandise, which today has a loyal following. Riding high on the success of the India's leading fashion apparel and accessories brand, Ritu Wears is now moving ahead to promote and expand its business through the FOFO franchise model pan India.
With multiple stores across North India, the company's focus is to expand within 300 kms in Delhi and other states like Haryana, Punjab, Uttar Pradesh, Rajasthan, etc. via 50 units.
Operations Commenced On 2017
Franchise Commenced On 2017
Investment INR 5 Cr. above
Franchise/Brand Fee INR 1500000
Royalty/Commission 5 %
Delhi, Haryana, Himachal Pradesh, Jammu and Kashmir, Punjab, Uttarakhand, Uttar Pradesh
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Exclusive territorial rights to a unit franchisee Yes
Anticipated percentage return on investment 34 %
Likely pay back period of capital for a Unit Franchise 4-5 Years
Other investment requirements 00
Type of property required for this franchise opportunity Commercial
Floor area requirement 10000 - 15000 Sq.ft
Preferred location of unit franchise outlet NCR, North India
Detailed operating manuals for franchisees Yes
Franchisee training location Corporate office
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? 9 Years
Is the term renewable? Yes
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