Max Fashion is a reputed fashion brand India as well as in Middle East, North Africa and Southeast Asia. The fashioned opened its 1st store in Indore in the year 2006. It has now opened over 500 stores spread in various countries including Algeria, Bahrain, Egypt, India, Kuwait, Kenya, Nigeria, Libya, Tanzania, Indonesia, Malaysia, Tunisia, Jordan, Qatar, Oman, Saudi Arabia,Syria, Lebanon, etc.
This brand has set up over 150+ stores in overall India at shopping mall, complex, tower and plaza mall. However, Max boasts of offering more than 40 million products including clothing, accessories and footwear. Focus of this company is that meet the requirements of entire families. The Group ensures a delightful ambience for the customers where they enjoy world-class shopping experience.
Their stores are full of products with latest trends from all over the globe. In the present write-up, I will discuss in detail the process for application for getting Max Fashion Franchise. The details would include investment, commissions and documents needed for getting the franchise.
It needs no elaboration that it offers you a wonderful opportunity to become an entrepreneur and earn attractive profit every month.
It is just as likely to wonder about my expertise and experience. After finishing my MBA, I got campus placement in one of the leading medical oxygen plant manufacturing companies in India. Here, I learned a great about marketing, branding and client acquisition, oxygen generation plant manufacturers.
After 5 years, one of the top ten FMGC companies offered me a lucrative position, which I accepted. I worked for over 25 years in many top leading FMGC company in India. Over a period of time, I became an expert in the retail sector. I left the job to become a consultant to offer expertise and strategies for setting up businesses in the retail sector.
Why to Choose Max Fashion Franchise?
Max Fashion is a great profit-making business with retail stores in all major cities. Getting a franchise of the Group will give you an amazing business. With minimum investment, you will earn assured sum of income every month. This company offers wide range of products including men and women western wear, ethnic wear, home décor, footwear, kids wear and winter, summer season sale, etc.
The brand value of the company will attract customers and you will be able to leverage your sales revenue. What is more, the leading apparel brand lends its franchisees operational and sales support. The company also provides their expertise in setting up the franchise and increasing sales revenue in your showroom.
Eligibility Criteria for Max Fashion Franchise
Max Fashion has got strict eligibility for awarding franchise. Generally, the company looks for individuals with sound financial background and space in a prime location. Experience in the retail sector is given extra weightage.
Standard eligibility Franchise criteria
- Area requirement= 8000 sq. ft. – 10,000 sq. ft. in a prime location.
- Excellent knowledge of retail sector
- Sound finances
- Excellent financial and personal background
Documents & License
If you are looking to apply for Max Fashion franchise you will have to provide the company with the following documents and license for assessment of your eligibility. It is recommended that you should only submit genuine document.
- ID Proof: Aadhaar card, Pan Card, Voter ID Card
- Address proof: Ration card, Electricity bill
- Photograph, Phone number, Email id
- GST Registration certificate
- NOC of unit/shop
- Unit/shop address proof
- Franchise agreement
- Trade Certificate
- Trade License
- EPF & ESIC Registration
Franchise Responsibilities
In the case of getting the franchise, the company delegates you certain responsibilities which you must perform. The following are the important responsibilities:
- Capital Expenditure
- Store Rent
- Electricity Bill
Space Requirements for the Max Fashion Franchise
For starting the franchise the company sets the eligibility for minimum area needed for setting up a Max Fashion store.It is desirable that the franchise store opens in a prime location or in a prestigious mall. It is imperative for getting more customers to visit the store.
There is no denying the fact that location plays an important role in leveraging sales revenue. However, it is important that you pay attention to the location you choose. You should never forget the importance of selecting the space for store in a commercial area.The space must be around 10,000 sq. ft. in a prime location.
Max Fashion Franchise Investment
For getting the franchise, you would need to invest Rs 3-3.5 crore. Max Fashion is a great brand which warrants such investment. The show room will definitely generate amazing profits for you every month.
The store will house wide range of fashion products including menswear, clothes for women and kids. For starting the Max Fashion franchise, the investment would include following expenses considering store space is 10,000 sq. ft.
- Max Fashion charges Rs 2000 per sq. fit
- 10,000 sq. ft= Rs 2 crore for setup, interiors operations and software
- One time Franchise Fee= Rs 25 Lac (10-year franchise agreement)
- Security Deposit for Inventory (Refundable) =Rs 1 crore – Rs 1.25 Crore
- Refundable Security Deposit (If Space Area is Rented) = Rs 40 Lakh (flexible)
- Total Investment = 3 Crore – 3.5 Crore (as per Actual)
However, the actual investment might vary as it is dependent upon the location. For exact details, you should visit the official website of the company.
Revenue Share
After bagging Max Fashion franchise, your revenue would depend upon how much sales you are able to generate. Stay assured that the company will provide you with lucrative revenue sharing. Breakdown of revenue sharing is given below:
- Max Fashion provides 20% – 21% on Net Sales
- If Average sales per day is = 1 Lakh
- If we consider monthly sales is 30 Lakh
- Revenue Share is 20%, then 30 Lakh X 20%
- Franchise Income per month = 6 Lakh
- Annually, Franchise income is = 6 lakh x 12 (months) =72 Lakh
- Electricity Bill = 100000 monthly
- Annually electricity bill= 12 Lakh
- Franchise Income= 60 Lakh
- Franchise Investment is 3.5 Crore
- Franchise 1st year Income= 60 Lakh i.e., ROI 1st Year is 18% (Average)
- Company Support:
- Company will do marketing from its end.
- Manpower hiring & Training will be done by company.
- Store management
- Daily store management by the company
