Lenskart Franchise: Planning to start your business in the eyewear segment? Want to earn money by giving the vision to the people at an affordable price? If your answer is yes, then this article will be helpful to you. Here we will discuss the Lenskart Franchise business, Lenskart Franchise cost, and profit margin. Also, you will be able to learn how to start a business with Lenskart.
But before moving forward, Let’s try to understand what is Lenskart. Lenskart is India’s fastest-growing eyewear retail company. The company is a working mission to give the vision to every Indian who is needed for eyewear at an affordable price.
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The company looking for young and visionary entrepreneurs to partner with Lenskart to revolutionize eyewear franchise business in India. Currently, Lenskart already opened 160+ most profitable stores in India.
In this article, we look at the complete procedure to get and started with Lenskart Franchise in detail.
What’s Lenskart Franchise Business?
In India, Lenskart is one of the fastest-growing eyewear businesses, which was started in 2010 by Indian businessman Peyush Bansal.
Lenskart has a wide range of eyewear starting from eyeglasses, sunglasses, and contact lenses. At present, Lenskart started operating in more than 1,000 locations. Apart from this, Lenskart provides an excellent business opportunity for visionary entrepreneurs, along with female entrepreneurs who is willing to start and established their business in the eyewear Industry.
In India, the eyewear industry is among the fastest-growing industry in the retail sector. Today the Indian eyewear market size is around Rs 11,000 crore in which the share of spectacles is 73%, sunglasses are 21% and contact lenses are around 6% of the total business. India’s eyewear industry is growing at 5% annually of which organized retail (chains) is about 22%.
These stats show the advantages of the above exponential growth in the eyewear industry, entrepreneurs can start a Lenskart store franchise to make to build their eyewear business.
How much is a Lenskart Franchise Cost?
Investment is one of the most important parts of any business. Before moving toward the business you must have complete information about Lenskart franchise costs.
Lenskart Franchise Investment:
Total Investment: Rs.25 Lakhs to Rs.30 Lakhs
Lenskart Brand Fee: Rs. 2,00,000.
The brand fee is an integral part of any business. This charge gives you the freedom to use the brand name which is already running a successful business.
Lenskart Store Area Requirements
Area For Lenskart Franchise store: 300-500 sq ft
You can set up your outlet between 300 to 500 square feet. But remember for better earnings your location must be in a high-potential area near optical stores. neighborhood eye clinics, malls, near the marketplace, top corner shops, high-traffic areas, main roads, and near to airports.
Advantages of a Lenskart Franchise
Here are the advantages of taking the Lenskart franchise:
- Go with online and offline optical
- Premium eyewear brands and designs.
- Low investment, high return business
- Franchise Owners get 35% of net sales.
- Less Break-even period around 9-12 months.
- Lenskart Support to ensure cash break-even for the initial six months.
Why Lenskart Brand?
- India’s Fastest Growing Eyewear Company.
- 250+ Successful Partners.
- Centralised Manufacturing And Simplified Front-End.
Lenskart Franchise Eligibility Criteria
- Person should have Entrepreneurial Skills.
- Person should have Investment Capacity.
- Person belong from Excellent Educational Background.
Lenskart Business Model
Lenskart.com is one of India’s largest online optical stores which primely sells glasses like eyeglasses, sunglasses, and contact lenses in more than 1,000 Indian cities and abroad.
According to Govt. of India survey, the most premium sunglasses segment which I mentioned above like share of spectacles is 73%, sunglasses is 21% and contact lenses is around 6% to total business and the Indian eyewear market is growing at a rate of 40% per year.
According to Piyush, the CEO of Lenskart, the eyewear category is highly fragmented and dominated by small neighborhood stores. Lenskart, based in Faridabad, already operates 150 Lenskart stores. Lenskart has about 170 employees on the ground in seven cities who conduct about 1,400 eye exams at home.
Lenskart Franchise Contact Number
Lenskart Co-Operate Office Address
- Vatik Mindscapes Building,
- 7th Floor, Sector 27d,
Lenskart Franchise Email Id
Lenskart Franchise Contact Number
- +91 92118 44000
- Lenskart Official Website