What Makes Sreeleathers Franchise Opportunity Stand Out? in 2024

Are you looking for a trending and profitable business in the footwear industry? Look no further. Sreeleathers is an Indian footwear brand like Puma and Nike. Now it is providing franchise opportunities for aspiring entrepreneurs. “What Makes Sreeleathers Franchise Opportunities Stand Out? In 2024”, we will discuss why Sreelethers is the best, how much cost it requires to get a franchise, how much profit you can make from it, the requirements to start a franchise, and how to get a Sreelethers franchise.

About Sreeleathers

Sreeleathers is a popular and rapidly developing Indian footwear brand. Sri Satyabrata Dey founded the company three decades ago. It began as a small shop selling footwear in Calcutta.

Sreeleathers has a presence in 10 states and over 42 retail locations, like Mumbai, Delhi, and Chennai. It is a well-known brand for producing high-quality leather at a cheap price that is easily accessible to everyone. Currently, Sreeleathers has grown into a trusted name, offering a wide range of footwear and leather accessories. From men’s formal shoes to ladies’ bags, Sreeleathers is providing lucrative franchise opportunities for entrepreneurs and businessmen to join their families.

Key Details of Sreeleathers Franchise

Company Name: Sreeleathers
Established Year: 1952
Industry: Retail Industry
Number of Outlets: 42 Outlets in 10 states
Security Fees: 15 Lakh
Total Investment required: 2.5 crore to 3 Crore
Profit Margin: 40 to 50%
Royalty fees: 10%
Franchise Agreement Period: 5 years
Required Space: minimum 1500 Sq ft

How Much Does Sreeleathers Franchise Cost?

Security Fees: This is a one-time payment for the rights to use the brand name and operate under the Sreeleathers brand. To be a franchisee of Sreeleathers, you have to pay 15 lakh to the brand.
Initial Inventory: As a franchisee, you must take 1.5 crore valued products from the brand as your first stock purchase. It seems huge, but initially, starting a Sreeleathers store requires a variety of products available at the opening.
Setup Cost: The 50 lakh expense includes various setup costs such as interior decoration, furniture, equipment, signage, and other necessary infrastructure required to establish the franchise outlet.
Working Capital: You must have at least 1 crore as working capital is required to cover day-to-day operational expenses such as salaries, rent, utilities, marketing, and unforeseen costs.
Royalty Fees: The franchisee is required to pay royalty fees to the brand, which range from 5% to 9% of monthly sales. This is for ongoing support and use of the brand name, marketing efforts, and continuous improvements in products or services.
Franchise Agreement Period: Once you take over the franchise rights, that is for 5 years. You can renew this period after 5 years.
Total Investment Required: The total investment required to establish and operate a Sreeleathers franchise is between Rs 2.5 and Rs 3 crore.

Security Fees	15 Lakh
Initial Inventory	1.5 crore
setup cost	50 Lakh
Working capital	1 crore
Royalty fees	5 to 9%
Franchise Agreement Period	5 years
Total investment required	2.5 to 3 crore

Sreeleathers franchise security fees and total cost may vary based on the location you choose. To know the exact information about the cost, contact Sreeleathers.

Is Sreeleathers Franchise a Profit Powerhouse?

Total Investment: To start a franchise of Sreeleathers, you need to invest 2.5 to 3 crore. This investment covers various expenses, such as security fees, initial inventory, setup costs, working capital, and potential royalty fees.
Sales per Month: The average sales of the Sreeleathers franchise store are 20 lakhs to 25 lakhs per month. This indicates the demand for footwear and leather products from Sreeleathers is high, and it brings a steady flow of customers to the franchise outlets.
Profit Margin: As a franchisee of Sreeleathers, you will receive 40 to 50% of the profit margin on the total revenue or sales. This means that a significant portion of the sales revenue is converted into direct profit for the franchisee.
Net Profit per Month: After deducting all the expenses, you can generate impressive net profits ranging from 6 lakhs to 8 lakhs per month.
Return on Investment: The brand offers a relatively quick return on investment in 2 to 3 years. This means franchisees can recover their initial investment within a short time period.

Total investment	2.5 to 3 crore
Sales per month	20 lakhs to 25 lakhs
Profit margin	40 to 50%
Net profit per month	6 to 8 lakhs
Return on Investment	2 to 3 years

What are the requirements to start a Sreeleathers franchise?

Location Requirements:

Sreeleathers prefers a minimum 1500 sq ft area required to get a franchise. They won’t prefer leased land to open a franchise outlet.
At the location, at least 500 to 600 people need to visit the outlet. like these high streets, malls, and high-footfall areas in major cities.

Financial Requirements:

You must have a bank solvency certificate of 5 core that demonstrates the applicant or entity has sufficient funds or assets to cover liabilities and commitments and ensure the financial viability of the business venture.

Infrastructure Requirements:

Sreeleathers charges you the market cost for interior design. Like billing, trial rooms, and branding as per standards. This investment is based on how much area you have for a franchise outlet.

Experience Requirements:

If you have any retail experience, that would be beneficial. To get a franchise of Sreeleathers, there is no need to have previous business experience.

Required Documents

Here are some typical documents required for business registration:

Trade License: A valid trade license issued by the local municipal corporation. This is for allowing the company to conduct commercial activities within a specified area.
GST Registration Certificate: A Goods and Services Tax (GST) certificate indicating tax regulations and eligibility to collect GST on sales transactions.
Land Documents: For demonstrating ownership. There is no objection to opening a franchise outlet in that location.
Bank Statements or IT Returns: Financial statements such as bank statements or income tax returns This is evidence of financial stability and the capacity to invest.
Franchise Agreement: The franchisee needs to submit a signed agreement document between you and Sreeleathers. It focuses on the terms and conditions of the franchise arrangement, including rights, obligations, security fees, and the duration of the agreement.
Shop and Commercial License: A license or permission obtained by the local municipal corporation to operate a retail business at the specified location.

Training and support:

Sreeleathers offers complete online training and ongoing support for franchisees.

Store Setup: The Sreeleathers team will take care of the interior and exterior design of your outlet. and it will charge you the marketing price per square foot.

Inventory Management: The franchisee will be guided on how to maintain stock levels, handle restocking, and optimize product availability.

Staff Training: Sreeleathers provides online training to your staff, ensuring they understand the brand, product offerings, and customer service standards.

Marketing Strategies: You’ll receive insights into effective marketing strategies to promote your Sreeleathers outlet.

Overall Support: The brand will support you. From day-to-day operations to seasonal promotions,.

Advertising and Promotion:

Local Advertising: The brand will hepl to do local advertising campaigns to attract footfall to your store.

Digital Marketing: The franchisee also receives guidance on using digital platforms (websites, social media, etc.) effectively.

Sreeleathers Product Categories

Here are the categories of Sreeleathers

Sreeleathers franchise's Product Categories

How to Get a Sreeleathers Franchise in 2024?

Here are the steps to contact Sreeleathers to get a franchise:

Go to the Sreeleathers official website and navigate to the “Contact Us” page.
On the Contact Us page, you will find a form to fill out an inquiry.
Fill in your basic personal and company details in the form, such as name, email, phone number, city, etc.
In the message box, briefly mention that you are interested in applying for a new Sreelathers franchise in your city.
Submit the online inquiry form. This will be directly forwarded to the Sreeleathers franchise management team.
After submitting the form, you should expect a response from the Sreeleathers team within 1-2 weeks.
They will guide you on the next steps in the application process based on your eligibility and interest.