Promart to open 25 franchises every quarter

Promart Retail, a discount retail chain and value format brand have lately announced their partnership with Franchise India , a franchise solution company to further expand their footprints in India. Through this tie-up, Promart will open 25 franchisees every quarter and expects a growth of 15-20 per cent year-on-year (y-o-y). The company is targeting tier II and VI cities which is a part of their overall business strategy to further accelerate their presence in India.

For partnering with Promart, the franchisee requires a minimum investment of Rs  14 – 30 lakh for opening an outlet in area of 700 – 1,500 sq.ft (stock and interiors). Punit Agarwal, Promoter and CEO, Promart, says: “We believe that the tie-up with Franchise India is going to further help establish the presence of the brand in the Indian market. With their proven expertise in strategising and implementing retail solutions, we are sure to see rapid growth, scalability and profitability for the company in the coming months which we believe will take our brand to the next level.”

Promart is a one-stop shop for people’s fashion needs providing them the convenience to shop at their doorstep. With a fully air-conditioned environment and refreshing ambience, this destination caters to those seeking popular brands at a bargain price. Currently, Promart boasts of having 53 stores in various cities across India.