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1. Lenskart Franchise Cost: A Comprehensive Guide to Starting Your Own Store Lenskart, one of India’s leading eyewear brands, has revolutionized the optical retail market with its innovative approach to eyewear sales, combining both o?line and online shopping experiences. With a growing presence across the country and abroad, many entrepreneurs are keen to invest in the Lenskart franchise to tap into the booming eyewear industry. However, before you get into it, you must understand the Lenskart franchise cost and other requirements to be sure of what you're getting into. Overview of Lenskart Franchise Model The franchise model by Lenskart allows people to open their stores under the brand name and then provide them with the tools and resources to help them run the business of an eyewear successfully. The company provides an extended range of products, such as prescription glasses, sunglasses, contact lenses, and others. The company's franchise o?ers its products not only in its retail stores but also through the online channel to give multiple business options to a business owner. Lenskart Franchise Cost Breakdown The cost of opening a Lenskart franchise depends on various factors, such as the location, size of the store, and the format you choose (whether a Kiosk, Premium Store, or Smart Store). Here's a breakdown of the typical costs involved: 1. Franchise Fee The franchise fee of Lenskart is between ₹1 lakh to ₹5 lakh depending on the location and format of the store. This gives you the right to use the brand name, use their marketing resources, and work according to the established business model. 2. Infrastructure Investment The cost of building and setting up the physical store ranges between ₹10 lakh to ₹50 lakh. This includes interior setup, store fixtures, signage, and the cost of acquiring inventory. For high-end locations in metro cities, the cost can go up even further due to higher rents and additional branding requirements. 3. Equipment and Technology Techno-franchisees equipped with advanced diagnostic tools and technologically advanced facilities for eye-testing. The technological investment, in case of an eye examination

2. machine, may range around ₹3 lakh to ₹5 lakh. The other investments, such as a POS system, tablets, and computers, may vary according to smooth operations. 4. Royalty Fee The royalty fee is based on the revenue generated by the franchise. This usually ranges between 5% to 7% of the monthly turnover. This fee will cover the support, training, and marketing resources that Lenskart provides to the franchise for success. 5. Stock and Inventory The initial stock and inventory investment is usually between ₹5 lakh to ₹15 lakh, depending on the size of the store and the variety of products you wish to o?er. This stock includes eyeglasses, sunglasses, lenses, and accessories. 6. Working Capital You should have an additional working capital of about ₹3 lakh to ₹5 lakh for smooth operations. This amount covers day-to-day expenses like salaries, utilities, and operational costs. Additional Costs to Consider 1.  Store Rent: The rent cost can vary significantly based on the location and size of the store. Metro cities and prime areas may charge higher rents. 2.  Marketing and Advertising: While Lenskart provides ongoing support, local marketing e?orts, especially during store launches, may incur additional costs. 3.  Sta?ng: Good recruitment of personnel is required on sta? for customer service, selling and eye testing. This amount varies with employee numbers and rate for the employees as per your city. Potential revenue and profit potential A franchise of Lenskart would benefit greatly as the industry for eyewear in India is growing rapidly. Provided with a good location, a Lenskart franchise would eventually bring ₹40 lakh to ₹1 crore each year. Profit margins in the eyewear business are high, between 30% and 50%, allowing franchisees to realize considerable profits. Payback period for a Lenskart franchise would generally be between 2 to 3 years, but it can vary depending on your location, what marketing strategies you implement, and how e?ciently you operate the business. Application for Lenskart Franchise If you're an investor who wants to start a Lenskart franchise business, here are some steps you can take:

3. 1.  Visit the Lenskart Franchise Website: Complete the application form available on Lenskart's o?cial franchise website. 2.  Initial Screening: Lenskart's franchise team will scrutinize your application and do a screening process to test the suitability level. 3.  Location Approval: After passing the screening, Lenskart will help you identify the best location for a franchise. 4.  Agreement and Payment: Once you have identified the location and understood terms, then sign the franchise agreement and pay all associated fees. 5.  Store Setup: Once you have paid all the fees, Lenskart will facilitate your store installation, supply of inventory, and sta? training Conclusion Opening a Lenskart franchise is, indeed, a good business opportunity in light of increasing demand for eyewear products. However, careful planning is to be done about investment and the cost that involves the franchise fee, inventory, equipment, and operational costs. Thus, by doing so, you will be able to successfully operate your Lenskart store and get a chance to enter one of the fastest-growing sectors in retail. If you are indeed an eyewear enthusiast with a commitment to excellence in customer service, then be assured that the franchise model o?ered by Lenskart comes with a time- tested structure that guarantees success. MarketingHack4U For Marketing Tips and Tech Blog FAQs: 1. What is the cost to open a Lenskart franchise? Opening a Lenskart franchise costs between ₹15 lakh to ₹70 lakh, depending on location and store type. 2. What is the franchise fee? The franchise fee ranges from ₹1 lakh to ₹5 lakh. 3. Is there a royalty fee? Yes, the royalty fee is 5% to 7% of monthly turnover. 4. What are the equipment costs? Equipment costs, including eye-testing machines and POS systems, range from ₹3 lakh to ₹5 lakh. 5. How much working capital is needed? You’ll need around ₹3 lakh to ₹5 lakh for daily operations.