Are you curious about the Puma franchise cost in India? Here’s What You Need to Know: Here we cover the complete Puma franchise cost breakdown, expected profit margins, eligibility criteria to open a Puma franchise, and a step-by-step explanation of how to apply.
Overview of Puma
Puma is one of the biggest brands of sportswear, established in 1948 by Rudolf Dassler in Herzogenaurach, Germany. Puma manufactures equipment for sports all over the world for activities like running, soccer, and training. The company designs products like sneakers, cleats, t-shirts, and activewear to help sportspeople.
Puma has more than 1000+ showrooms worldwide and 10,000 multi-brand outlets. Even after decades in business, Puma continues to find new ways to design innovative sportswear and push into fashion.
Key Facts of Puma
| Brand Name | Puma |
| Indutry | Textile and Footwear |
| Founder | Rudolf Dassler |
| Establishsed Year | 1948 |
| Head Quater | Herzogenaurach, Germany |
| Number of Showrooms | 1000+ |
| Multi Brand Outlets | 10,000+ |
Table of Contents
Key Details of the Puma Franchise
- Company Name: Puma
- Franchise model : FOFO
- Industry: Textile and Footwear
- Number of Outlets in India: 582
- Puma Franchise cost in India: 50 Lakh to 1 Crore
- Profit Margin: 35 %
- Area required: Min 1000 sq ft
- Agreement year: 5 year
- Website: https://about.puma.com/
Can I afford the Puma franchise cost in India?
You can afford the Puma franchise cost in India by investing 50 lakh to 1 crore, which includes the franchise fee, outlet setup, working costs, initial inventory, and other
- The estimated setup cost for the outlet is 10–20 lakh.
- Initial inventory purchase required of 15–20 lakh
- Additional funds of ₹10 lacs are recommended for operating expenses.
- The franchise agreement period is 5 years.
- At least Rs. 1 crore in available liquid assets is needed.
- The total estimated Puma franchise cost in India ranges from ₹50 lakh to ₹1 crore.
- covers franchise fees, retail setup, inventory, and working capital.
| Franchise Agreement | 5 Years |
| Outlet Setup Cost | 10 to 20 Lakh |
| Initial inventory | 15 to 20 Lakh |
| Additional funds | 10 Lakh |
| Total Puma franchise cost in India | 50 Lakh to 1 crore |
To obtain the most accurate and up-to-date information on the Puma franchise cost in India, it is recommended to directly contact Puma through their official website. Please note that the cost may vary depending on factors such as the location and size of the outlet.
Are Puma Franchises in India a Profitable Venture?
Yes, Puma franchises in India can be a profitable venture for individuals looking to invest in the retail sector.
Initial Investment: To open a Puma franchise, it costs around 50 lakh to 1 crore. This includes the franchise fee, initial inventory, working capital, and others.
Profit Margin: Puma Products has an attractive profit margin for the franchisee of the Puma outlet. Which is 35% on the sale of products, providing a healthy margin for profitability.
Revenue Share: Franchisees benefit from a revenue share of 75%, indicating that a maximum portion of the sales generated from the franchise outlet goes directly to the franchisee.
Return on Investment (ROI): With healthy profit margins and revenue share, franchisees can expect a rapid return on investment in 1 to 2 years.
| Puma franchise cost in India in 2024 | 50 lakhs to 1 crore |
| The Space required for franchise | Minimum 1000 sq ft |
| Profit Margin | 35% |
| Revenue Share with Franchisee | 75% |
| Return on Investment | 1 to 2 years |
Keep in mind that the actual profit margin of the Puma franchise may vary based on factors like location, market demand, and operational efficiency. It’s important to conduct research before investing.
What are the requirements for a Puma franchise?
- Investment: The estimated total Puma franchise cost in India ranges from ₹50 lakhs to ₹1 crore, covering the franchise fee, store setup costs, and operating capital.
- Liquid Capital: At least the franchisee needs to have Rs. 1 crore available in liquid assets and operating funds.
- Staff: As a franchisee, you need to hire 8 to 12 employees to run the Puma franchise outlet and manage daily store operations and customer service.
- Retail Experience: if you plan to enter the textile and footwear industries. Like Puma or Nike, you need to have previous retail experience.
- Training: Staff needs to undergo training provided by Puma. This training covers various aspects of operating a Puma store, including product knowledge, customer service, and store management.
- Agreement: Franchisees need to sign a 5-year renewable franchise agreement with Puma.
Required Documents
Documents required for a Puma franchise application
- Identity and Address Proof
- Photograph of the applicant
- Resume and Background
- Financial Statements
- Income Tax Returns
- Net Worth Certificate
- Bank Statements
- Proposed Store Details
- EMD Draft
- Incorporation Certificate
- Previous retail experience
Which location would be ideal for a Puma franchise?
A minimum of 1,000 square feet must be available to set up a Puma franchise. The best locations for a Puma franchise store are listed below:
- Shopping malls: Malls in major cities and tier 1 towns attract a lot of people. Most Puma franchisees are located in malls.
- High Street Markets: A high street market location increases visibility and foot traffic
- Airports: Domestic and international terminals enable very high visibility among travelers.
- Educational Institutions: The student population is accessible at stores near universities and colleges.
- Lifestyle Retail Centers: Part of a multi-brand complex housing premium fashion stores
Puma Franchise: What Makes It the Smart Choice?
- Established brand name: Puma is a well-known global sportswear brand. It’s brand recognition and reputation can help you attract customers.
- Proven business model: The Puma franchise comes with a proven business plan, operating procedures, and training on how to run the store.
- Supply chain advantages: As a franchisee, you have access to the company’s supply chain, which can help ensure a consistent inventory of the latest product lines.
- Ongoing support: Puma provides ongoing support to the franchise in field support, corporate assistance, and guidance on things like merchandising, operations, and more for the franchisee. You don’t have to figure everything out alone.
- Profit Margin: As a franchisee, you can expect a profit margin of 35% of the total revenue.
- Quick ROI: Within 1 to 2 years, you can recover your initial investment spent on opening a Puma franchise.
- Revenue Share: High revenue sharing Model The franchisee of Puma will get 75% of the total revenue of his Puma store.
How can I get a franchise from Puma?
To acquire a franchise from Puma, follow these steps:
- Visit the Official Website: Go to the official Puma website.
- Contact Us Page: Navigate to the “Contact Us” page on the website.
- Fill in the details: Complete the contact form with accurate personal information. Make sure to include your name, mobile number, email, and your query related to franchise opportunities.
- Submit Form: Once you’ve filled in the required information, submit the form.
- Wait for a Response: The Puma team will review your query and contact you for further application processing. This might take a few days or weeks, so be patient.
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Conclusion
In conclusion, “Curious about Puma Franchise Cost in India? Here’s What You Need to Know in 2024” Puma provides an exciting franchise opportunity for entrepreneurs and businessmen. The total investment required is between Rs 50 lakh and Rs 1 crore. The minimum outlet size is 1000 square feet, and the franchise agreement has a 5-year term. With its profit margins of 35% and revenue sharing model of 75% to the franchisee, within 1 to 2 years, you can recover your initial investment. This made it the best franchise opportunity to choose from.
FAQ
1. How much does it cost to open a Puma franchise store in India?
The required Puma franchise cost in India is 50 lakh to 1 crore. Investments are based on several components. The initial setup cost for the outlet is estimated at 10 to 20 lakh. Subsequently, an additional 15 to 20 lakh rupees are required for the initial inventory purchase. To cover operational expenses, it is recommended to allocate around 10 lakh rupees. For the franchise agreement, a commitment period of 5 years is established.
2. Is Puma profitable in India?
Puma’s success in India is clear from the profits it offers franchisees. They expect 20% to 30% profit on sales.
3. What is the duration of the franchise agreement with Puma?
The franchise agreement for Puma typically spans a period of 5 years.
4. How much space is needed for a Puma franchise outlet?
A minimum of 1000 square feet of space is required for a Puma franchise outlet.
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