Baggit, a Mumbai based premium brand of bags planning to invest Rs.50 crore as part of its expansion plan of opening 50 new stores, within three to four years. They are targeting all the metros and tier I, tier II cities. All these outlets will operate through franchise mode of expansion. Each franchise outlet would require 25-30 lacks of investment and would need 350-400 sq ft area. These outlets will be located mainly in the high street and malls. “A passionate person can become a franchisee of Baggit, if the person is passionate enough a house wife can become their franchisee”; divulge Anisha Ahuja, Corporate Communication, Baggit. "At present, we have a turnover of around Rs 15 crore, with eight stores operational," reveals Baggit promoter Nina Lekhi, She continues by saying, "we will have 50 stores across the country in the next three years and expect to have a turnover of Rs 50 crore."
