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KB’s Fair Price (KBPF), a modern, self service neighborhood convenience store concept plans to further develop its presence via franchising. Presently, the brand operates nearly 170 stores in Delhi, Mumbai and Bangalore that include company-owned as well as company-owned and franchisee-operated outlets. KBFP is currently offering franchisee opportunities under franchisee-owned and franchisee-operated (FOFO) model in Delhi and NCR. It plans to take the concept to Mumbai by end of the year. In Delhi alone, the company is looking at 300 stores. Investment will vary depending upon locality (sales potential) and nature of the property (whether leased). It can be up to Rs 20 lakh.
A part of Kishore Biyani-led Future Group KB’ Fair Price, the local grocer shop concept offers all essential needs of a household under one roof. The group already operates Big Bazaar and Food Bazaar outlets across the country.
