The association with the franchising model of business has also given the accessory market a significant rise. Read on...
Once being a cluttered and unorganised market, the fashion accessories market has now stepped inside high luxurious boutiques, high street brands, international brands and multi brands outlet. This revolutionary change in the market has paved the way for budding entrepreneurs in this field and has opened great avenues for them to explore. Furthermore, the association with the franchising model of business has also given the accessory market a significant rise. This is why a lot of entrepreneurs are willing to buy lucrative franchise options in this field.
If you wish to buy a fashion accessory franchise, then consider these lucrative categories in the accessory market.
Leather products such as belts, bags, shoes etc are always in trend and are among the recession-proof products. Therefore a franchise opportunity in leather related company is a lucrative option.
Investment Required: Rs 5 lakhs- Rs 50 lakhs
Expected Breakeven: 3-10 months
Luggage and Hand Bags
Handbags, clutches, duffels, totes, rug sacks, laptop handbags, travel gear, luggage bags – all of these comes into the category of luggage and hand bags. The market is flourishing very well as the trends keep on upgrading every now and then. There is a huge potential in this category, therefore one could opt for the franchise.
Investment Required: Rs 2 lakhs to 5 lakhs
Expected Breakeven: 6 months
Eyewear has become a style-symbol for today’s generation. The emerging trends in this industry are fueling the market. Eyewear products such as spectacles, sunglasses, contact lenses, reflectors, eyeglass lenses, and many more are very much in demand by the consumers and this has made the industry boom like anything.
Investment Required: Rs 10 lakhs to 50 lakhs
Expected Breakeven: 3 years
Wrist watches have always been one of the most celebrated premium accessories both for males and females. Ranging from leather watches to plastic ones and even bracelet watches, the trends in this industry is never going to fade away.
Investment Required: Rs 50 lakhs to Rs 1 crore
Expected Breakeven: 6-11 months