Volga Enterprises: Expanding V-Mop's Market Reach through Franchise Model
Volga Enterprises, renowned for its high-quality Bucket Mop under the brand name V-Mop, has established a strong online presence, offering an innovative cleaning solution to customers across India. The V-Mop is a magic spin bucket mop that features a microfiber refill, which is capable of absorbing up to 10 times more liquid than traditional cotton mops. This advanced mop also boasts a 360-degree rotating handle, ensuring ease of use and enhanced durability. The product is crafted using premium materials, promising long-lasting performance.
Having successfully captured the online market, Volga Enterprises is now setting its sights on expanding its footprint into the offline retail sector. With a keen interest in growing its brand presence across India, the company is actively seeking franchise partners who can help further the reach of V-Mop. The primary objective is to establish kiosks in shopping malls nationwide, enabling customers to experience the product firsthand and make purchases directly from these convenient locations.
Franchise Model and Investment Details
Volga Enterprises is offering a lucrative franchise opportunity with the potential for high returns. The investment required to set up a franchise unit ranges from Rs. 2 lakh to Rs. 5 lakh, depending on the size and location of the kiosk. Additionally, there is a brand/franchise fee (which may be specified separately), and the company does not charge any royalty or commission fees from franchisees, which significantly improves profitability.
The expected return on investment (ROI) is an impressive 25%, reflecting the strong demand for quality cleaning products like the V-Mop. Based on this ROI, franchisees can expect a payback period of 1 to 2 years, making it a viable and attractive business opportunity. The absence of ongoing royalty payments further enhances the profitability of the franchise model, allowing franchisees to retain a higher portion of revenue.
Key Benefits of Becoming a V-Mop Franchisee
Volga Enterprises’ franchise model presents a strong business opportunity for entrepreneurs looking to capitalize on the growing cleaning product market while benefiting from a proven, innovative product in V-Mop.
Operations Commenced On 2015
Franchise Commenced On 2019
Investment INR 2lakh - 5lakh
Franchise/Brand Fee INR 000
Anticipated percentage return on investment 25 %
Likely pay back period of capital for a Unit Franchise 1-2 Years
Delhi, Haryana, Himachal Pradesh, Jammu and Kashmir, Punjab, Uttaranchal, 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
Floor area requirement 300 - 500 Sq.ft
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? Lifetime
Is the term renewable? Yes
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