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Lenskart

Opticians/Eye Wear Lenskart Franchise Cost – How to get, Contact, Apply, Fee

  • 300 - 500 Sq.ft
    Area Req
  • INR 20 Lakh - 30 Lakh
    Investment Size
  • 200-500
    No. Of Franchise Outlets
  • 2010
    Establishment Year

About brand - Lenskart

Seize a Lifetime Business Opportunity with Lenskart: Franchise Your Way to Success

In today’s rapidly evolving retail landscape, finding a profitable business venture that combines brand recognition, market demand, and lucrative returns can be challenging. If you’re looking for a dynamic opportunity that offers all this and more, Lenskart presents an exceptional franchise model that promises a rewarding business experience. Lenskart, India’s premier online optical store, is now on the lookout for enthusiastic franchisees who are ready to become part of a thriving industry with immense growth potential. Here’s an in-depth look into why investing in a Lenskart franchise is a compelling opportunity and what you can expect as a franchisee.

About Lenskart: A Vision for Success

Lenskart has established itself as India’s largest online optical store, serving millions of satisfied customers across the nation and abroad. With a diverse range of eyewear products, including eyeglasses, sunglasses, and contact lenses, Lenskart caters to a broad audience through its extensive online and offline presence. The brand’s unique selling proposition (USP) is its commitment to offering a vast selection of premium eyewear brands and designs, ensuring that customers find exactly what they are looking for.

Why Choose a Lenskart Franchise?

  • Established Brand Recognition: Lenskart is not just another optical retailer; it is a name synonymous with quality and reliability in the eyewear industry. The brand's reputation for providing top-notch products and excellent customer service gives franchisees a significant advantage in the market. Partnering with Lenskart means aligning with a trusted name that already enjoys widespread recognition and customer loyalty.
  • Diverse and Premium Product Range: One of Lenskart’s standout features is its extensive inventory of premium eyewear brands and designs. This vast selection ensures that there is something for every customer, from trendy sunglasses to sophisticated eyeglasses. The ability to offer a wide variety of products not only attracts a broader customer base but also positions your franchise as a one-stop destination for high-quality eyewear.
  • Low Investment, High Returns: Lenskart’s franchise model is designed to be financially attractive. The investment required to start a Lenskart franchise is relatively low compared to other business opportunities, while the potential returns are significant. Franchisees can earn 30% of net sales, which translates to a highly rewarding business proposition. Moreover, the break-even period is estimated to be between 15 to 18 months, allowing franchisees to start seeing profits sooner than in many other ventures.
  • Explosive Market Growth: The Indian eyewear market is experiencing remarkable growth. According to industry projections, the eyewear industry in India is expected to reach a staggering $14,856.9 million by 2018. This growth is driven by increasing consumer awareness and demand for premium eyewear products. With revenue standing at $1,247 million in FY 2007 and a compound annual growth rate (CAGR) of 27% from FY 2007 to 2013, the eyewear market is on an upward trajectory. The premium sunglasses segment alone, which accounts for 30% of the market, is growing at an impressive rate of 40% per year.

Comprehensive Franchise Support

Lenskart understands that successful franchise operations require more than just a brand name. That’s why they offer extensive support to their franchisees, ensuring that you have the tools and resources needed to run a successful business. Here’s a closer look at the support provided:

  • Brand Activation: Lenskart helps kickstart your franchise with initial brand activation through local media. This strategic approach ensures that your store gains visibility and attracts customers right from the outset. The marketing and promotional activities conducted by Lenskart will help establish your franchise in the local market, giving you a head start in building your customer base.
  • Stock Management: One of the key concerns for any retail business is managing inventory efficiently. Lenskart addresses this concern by implementing a stock correction system that eliminates the risk of dead stock. This approach ensures that you have the right products in the right quantities, minimizing wastage and optimizing sales.
  • Site Selection and Interior Furnishing: Choosing the right location is critical to the success of any retail business. Lenskart’s team assists franchisees in selecting an ideal site for their store, considering factors such as foot traffic, visibility, and accessibility. Additionally, the brand provides support for interior furnishing, ensuring that your store is designed to reflect Lenskart’s modern and appealing aesthetic, creating an inviting shopping environment for customers.
  • Personnel Recruitment and Training: A well-trained team is essential for delivering excellent customer service and managing store operations effectively. Lenskart provides a comprehensive recruitment and training module for franchisees. This support includes guidance on hiring the right personnel and providing them with the necessary training to uphold Lenskart’s high standards of service and operational efficiency.
  • Expert Branding Support: To maintain consistency and strengthen brand identity, Lenskart offers expert branding support. This includes assistance with marketing strategies, promotional activities, and maintaining brand guidelines. By leveraging Lenskart’s established branding expertise, you can ensure that your franchise operates in alignment with the company’s image and reputation.

Lenskart Franchise Cost & Investment

Commenced Operations

Operations Commenced On 2010

Franchise Commenced On 2013

Franchise Details
Units

Investment INR 20lakh - 30lakh

Franchise/Brand Fee INR 224000

Royalty/Commission 25 %

Details

Anticipated percentage return on investment 25 %

Likely pay back period of capital for a Unit Franchise 1-3 Years

Other investment requirements No

Lenskart Expansion Plans

North

Delhi, Haryana, Himachal Pradesh, Jammu and Kashmir, Punjab, Uttarakhand, Uttar Pradesh

South

Kerala, Karnataka, Tamil Nadu, Andhra Pradesh, Telangana

East

Assam, Meghalaya, Mizoram, Tripura, Arunachal Pradesh, Manipur, Nagaland, West Bengal, Sikkim, Odisha

West

Gujarat, Rajasthan, Maharashtra, Goa

Central

Chhattisgarh, Madhya Pradesh, Bihar, Jharkhand

Union Territories

Andaman and Nicobar, Pondicherry, Chandigarh, Lakshadweep, Daman and Diu

 

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Lenskart Franchise Requirements

Type of property required for this franchise opportunity Commercial

Floor area requirement 300 - 500 Sq.ft

Preferred location of unit franchise outlet Near neighborhood clinics, near optical stores, malls, high streets, high traffic areas, corner shops, outlets facing the main road and lastly airports.

Lenskart Franchise Training

Detailed operating manuals for franchisees Yes

Franchisee training location Company Location

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

Lenskart Franchise Agreement Details

Do you have a standard franchise agreement? Yes

How long is the franchise term for? 5 Years

Is the term renewable? Yes

Disclaimer: Franchise India is an integrated franchise solution company since 1999, and an absolute authority on franchising and licensing. FIHL (www.franchiseindia.com) and the site sponsors accept no liability for the accuracy of any information contained on this site or on other linked sites. We recommend you take advice from a lawyer, accountant and franchise consultant experienced in franchising before you commit yourself. It is user’s responsibility to satisfy yourself as to the accuracy and reliability of the information supplied. Please read the terms & conditions on Franchise India.

How to get Lenskart Franchise

Franchise India stands as a premier platform offering a wide spectrum of franchise opportunities across diverse industries. Embarking on your entrepreneurial journey through a franchise presents a promising venture. To get information about Lenskart franchise, you can fill up the application form provided on the website and get all the details viz. Lenskart franchise fee, Lenskart franchise cost, Lenskart apply process and more.

Interested in Lenskart Franchise? Apply here

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