How much is a Croma Franchise Cost & Profit Margin
Croma Franchise/Croma Store
Croma Store was launched in 2006. Croma was the first one-of-its kind large format specialist retail store that catered to all multi-brands digital gadgets and home appliances and electronic goods needs in India. Over a decade since its inception, Croma has almost become synonyms for all electronics needs of every household of almost every Indian. With its tech-savvy well trained staff, explain everything in detail. It offers the best product range. It is available online as well as offline. It's always in the service of the customers. So, today we shall discuss about the Croma Franchise Cost Details, Franchise Model, Requirements, Applying Process and many more in this article.
Croma is the country’s first large format specialist retail chain for consumer electronics and durable with the successful expansion of Croma Zip Stores, Croma Kiosks and the latest online vertical www.croma.com.
Croma Franchise/Croma Store : Products Rages
- At the Croma Store, over 6000 products across 200 brands and 150+ stores are available across 40+ major cities in India.
- Croma means – Life, More Beautiful;
- Croma promises are based not only on the ways they look but also on the value they provide to the customers.
- The range is a perfect fit for those who desire a completely feature-packed and quality product.
- Croma is the one of the Tata’s group large format omni-channel electronics retail stores.
- Croma has become a trusted electronics retail chain owing its success to the tech-savvy staff, a wide array of product range, and a seamless Staged presence along with our signature Lifetime Service Assurance.
- Croma stores ensure every customer for a “Brighter Tomorrow”.
- With the intention of always keeping the customers happy, Croma launched its label products in 2008.
Croma : How it started ?
The Tata Group, a global enterprise, was founded in 1868 by Sir Jamshedji Tata. The group, headquartered in Mumbai. It covers 30 primary business areas across 10 verticals. Some of the major companies under the group are as below-
- Indian Hotels,
- Infiniti Retail
- Tata Advanced Systems
- Tata Capital
- Tata Chemicals
- Tata Communications
- Tata Consultancy Services
- Tata Consumer Products
- Tata Motors
- Tata Power
- Tata Steel
- Titan and Trent Hypermarket.
Croma Vision : is to become a world class socially responsible retail company that consistently enhances stakeholders value.
Croma Mission: is to become an organisation offering Unmatched Customer Experience through continuous Learning & Innovation.
Croma Company Overview
Official Website | https://www.croma.com |
Type | Privately Held |
Industry | Retail |
Founded | 2006 |
Headquarters | Mumbai, Maharashtra |
Company size | 1,001-5,000 employees |
Parent | Infiniti Retail (Tata Group) |
Specialties | Croma brings under one roof, multi-brand digital gadgets and home electronics products. |
Why to Choose the Croma Franchise ?
- It has over 6000 products across 200 brands and has 176 operational stores across cities in North, West, South and East India
- It has 8.1 millions + customer base.
- It provides good products with good services at a good discount.
- It is one of the most trusted retail showrooms in India.
- By owning this franchise, you can join with India’s big and trusted company of Tata Group.
- Croma is used by most people to buy their electronic goods and appliances.
Croma Footprints in India
- Croma has 30+stores in Delhi NCR.
- It has 18+ Stores in major cities of Gujarat State.
- It has 40+ Stores in Maharashtra's major cities.
- 3 Stores are in Kolkata.
- 12 +stores in Andhra Pradesh
- It has more than 16+ stores in Bangalore.
- More than 7 Stores in Chennai.
Eligibility to get Croma Franchise
- Minimum age 25 yrs. old.
- Should have experience in the electronic appliances business.
- The applicants or company should have business minded.
- Croma Retail Franchisee requires proper space at prime locations in major /city/cities.
- Interest Candidate must have good capital.
Croma Franchise Cost
If you want to take Croma Franchise then you have to invest approx approx 2.5 crore to start this Croma Franchise. The investment for Croma Franchise bifurcation is given below-
Required Business Performance :
- Suitable Store property as per Croma’s Guidelines.
- Invest amount: Rs.2.5 Cr.
- Rs. 0.35Cr towards designing, PMC fee and +5 years maintenance charge.
- Rs.1.75 Cr as advance for inventory
- Rs. 04 Cr for renewal after 5 years.
- Security Deposite.
Earning of Croma Franchisee
Croma franchisee gets following benefits.
- The company’s Shares up to 5.5% revenue of total sales.
- Return of investment in 4-5 years.
- Return of Capital Employed (ROCE) 18%-20% in Years 3 onwards.
Support from Croma Franchise:
A croma franchisee gets following supports from franchisor.
- Proper guideline for shortlisting Croma Store location
- Guidelines for store structure.
- Standardised Contracted Vendors for store fixtures.
Croma Responsibilities
Croma takes the following responsibilities :
- Store operating cost
- Inventory management
- Supply of Manpower
- Marketing
Space Requirements for Croma Franchise: Usually Croma stores are spacious where customers can feel at ease without pummelling one another. Following point are put in mind for Croma stores.
- Minimum Space required for Croma Franchise 5000 sq ft. or more.
- The space must be in the high footfall area or in prime locations like in Main market, City Centre, Super Mall etc.
- The area will be firstly verified by the company’s team. After a visit, if a place is found as per Croma guidelines, approval will take place.
Documents Required for Croma Franchise
- ID Proof: Aadhaar Card, PAN Card
- Address Proof: Electricity Bill, Rent Agreement or Property Tax Receipt
- Photograph, Email Id, Mobile Number
- Current A/C and cancel Cheque.
- GST Number
- Property details
- ITR (last 3 yrs.)
- Shop agreement / Sale deed/Rent Agreement
- NOC
Croma Franchises Earning
A Croma Franchisee earning depends on the sales made in a year. For example- if a Croma Store sold approx 24 crore in a year then franchisee earning would be approx 35 lakh to 36 lakh per year.
How to Apply for Croma Franchise
An eligible and interested candidate should follow the following steps in order to apply for Croma franchise.
- Visit the official website https://www.croma.com
- Clickon above link.
- Franchise form will appear.
- Enter the required details correctly.
- Verify the details and submit.
Note: Company franchise team will review the applicants details and if it was found suitable, an a member from franchise team will give a call back to applicant in a week or two's.
Croma Franchise Contact Details
Interested and eligible candidates can contact at below numbers or email address regarding franchise queries.
Website: www.croma.com
Franchise Form link: Click Here
Customer Care: 1860-266-27662
Email: [email protected]