Is a BuyBuyCart Franchise Worth the Investment? Cost & Profit in 2024

Are you thinking of starting a supermarket business with a well-known brand? Look no further. BuyBuy Technologies Pvt. Ltd. is offering franchise opportunities for aspiring entrepreneurs without charging franchise fees or royalty fees. Is a BuyBuyCart franchise worth the investment? Cost and Profit in 2024: In this, we will discuss: How much does a BuyBuyCart franchise cost? What would be the profit margin? What are the requirements? How do I get the franchise for BuyBuyCart? and BuyBuyCart franchise pros and cons.

About BuyBuy Technologies

BuyBuy Technologies is one of the fastest-growing private limited organizations established in 2018. In 2021, BuyBuy Technologies will be merged with the other four different platforms: BuyBuy Cart, My SEO SMO, Creative Pedia, and Sapphire Facilities. All four brands are working with innovation, creativity, and reliability. ensures a better purchasing experience with smooth operations.

BuyBuyCart is an online and offline grocery shop that delivers and sells all kinds of grocery products like milk, butter, cheese, breads, eggs, oats, cereal, atta, pulses, daal, rice, grains, cooking oil, ghee, vanaspati, salt, sugar, spices, masala, dry fruits, nuts, chocolates, biscuits, cookies, coffee, and tea. 

BuyBuyCart has 70+ franchise and company-operated stores. It has a vision to start 250+ franchise stores in upcoming years. Now you can be the next business partner by utilizing the franchise opportunity.

Key Details of BuyBuyCart Franchise

• Brand Name: BuyBuyCart
• Industry: Grocery Store
• Number of Outlets: 50+
• Franchise cost: 8 to 9 lakh
• Profit Margin: 15 to 20%
• Space required: 300 to 500 sq ft
• Franchise Agreement: 5 years
• Official Website: https://buybuytechnologies.com/

How Much Does a BuyBuyCart Franchise Really Cost?

BuyBuyCart is offering FOFO model franchise opportunities in two different franchise models with the aim of making them affordable for everyone and fitting grocery stores in small sizes. Let’s discuss franchise models and franchise costs.

Franchise Fee: BuyBuyCart does not charge a franchise fee for providing access to open grocery stores with brand names.

Royalty Fee: BuyBuyCart does not charge any royalty fee for branding, marketing, advertising, or ongoing support.

Wee Mart Model Franchise Investment

Setup cost: To set up the Wee franchise model requires a 4 lakh investment. The BuyBuyCart franchise team will take care of the exterior and interior design, as well as all setup-related works. 

Initial Stock: The franchisee needs to purchase 3 to 4 months of stock as initial stock requires a 4 lakh investment.

Working Capital: The franchisee needs to allocate Rs. 2 lakhs for day-to-day operations and employee salaries. 

Franchise Agreement: The agreement between BuyBuyCart and the franchisee is for 5 years. A renewable option is available. 

Total investment: To open a BuyBuyCart Wee model franchise requires an investment of an investment of 8 to 9 lakh. It includes setup costs, initial stocks, working capital, and others. Franchisees only need to pay the stock and setup costs; the BuyBuyCart franchise team will complete the whole work.

Rainbow Mart Model Franchise Investment

Setup cost: To set up the Rainbow franchise model of BuyBuyCart requires a 5 lakh investment. 

Initial Stock: The franchisee needs to purchase 3 to 4 months of stock, as initial stock requires a 10 lakh investment.

Working Capital: The franchisee needs to allocate Rs. 4 lakhs for day-to-day operations and employee salaries. 

Total investment: To open a BuyBuyCart Rainbow model franchise requires an investment of 16 to 20 lakh. It includes setup costs, initial stocks, working capital, and others.

Is a BuyBuyCart Franchise Worth the Investment?

Sales per Month: BuyBuyCart ensures each store can easily make revenue between 15 and 16 lakhs per month. If you have chosen a high-traffic, low-computing location, a franchise outlet can generate more revenue.

Profit Margin: The average profit margin is between 15 and 20% of the total sales. The profit margin varies based on the product brands.

Return on Investment Period: The brand assures franchisees that they can easily recover the initial investment within 10 to 12 months.

BuyBuyCart Franchise is worth the investment by monthly revenue between 15 and 16 lakhs, with a profit margin of 15 to 20%, and is most suitable when, within 12 months, the franchisee recovers the initial investment.

Requirements to Open Franchise

Age and Qualification: To get the franchise, the applicant should be at least 21 years old and PUC Passed. 

Investment: Compared to other grocery stores, the BuyBuyCart franchise requires a very low investment. However, the franchisee needs to allocate 8 to 9 lakhs of rupees to start his own grocery store. 

Business Experience: A few years of retail experience are needed to run a grocery store, and having business skills is beneficial. 

Required Space: To set up a Wee Mart grocery store, it requires space between 300 and 500 sq ft. For the Rainbow model franchise store, it requires between 800 and 1000 sq ft. 

Location: To start a BuyBuyCart store, you can choose a location with midrange traffic and low-competition areas. 

Required Staff: To run both franchise stores, it requires 4 to 8 employees. Employees are trained by the BuyBuyCart Franchise Team.

Licensing: To open a grocery store, you must have a trade license, a shop, and GST registration, as well as FSSAI if necessary.

How to get the BuyBuyCart franchise?

• Franchise Application Form: To get the franchise from BuyBuyCart, fill out the franchise form with your personnel and location details. Cross-check the filled-in details and submit. Within a few hours or days, the franchise team will contact you.
• Phone Number: If the franchisee has any queries regarding the franchise store, you can ask them through a phone call or WhatsApp. Phone number: +91-7669900247

Is the BuyBuyCart Franchise right for you or not?

Pros

Established brand: BuyBuyCart is a well-established and fastest-growing grocery brand. Currently, it operates 50+ stores and aims to open more than 250+ stores in India. It’s gained customer trust, and discounts on each product drive huge traffic to franchise outlets. 

Complete Support: From helping in choosing a location to the opening ceremony of the franchise store, the BuyBuyCart Franchise team provides complete support. Also, it helps with advertising on social media and local marketing. 

Training: The franchise team provides comprehensive training to the employees in using billing software, customer handling, and others. 

No Franchise Fee and No Royalty: The BuyBuyCart franchise doesn’t charge a franchise fee or royalty fee. 

low investment: To start a BuyBuyCart grocery store, it requires a starting investment of Rs 8 lakh. 

Quick return on investment: Within 12 months, the franchisee can recover the initial investment. 

Cons

Profit Margin: The profit margin in grocery stores is low. The franchise store can be profitable if it can generate more revenue.

Competitation: To BuyBuyCart grocery store, along with other grocery brands kirana stores also become a competitors.

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Conclusion

In conclusion, is a BuyBuyCart franchise worth the investment? Cost and Profit in 2024: BuyBuyCart is excited franchise opportunities without charging franchise fees or royalty fees. You can start this franchise with an investment of an investment of 8 to 9 lakhs, a brand providing complete support, taking care of setting franchise outlets, advertising, marketing support, and a quick return on investment made must do franchise business. However, franchisees need to consider competition and profit margins.

FAQ