Here we are sharing the Firstcry franchise opportunity and its cost and we have covered very deeply about this business opportunity.
Firstcry is an Indian startup focused on kinds of lifestyles and the company has shown extraordinary growth.
You can start your entrepreneurial journey with Firstcry and learn and set up your business.
A recession-free opportunity, zero franchise fee, and growth rate are very high.
Firstcry Franchise Opportunity
Firstcry is an Indian e-commerce company founded in 2010.
The company is headquartered in Pune, Maharashtra, India.
The company targets baby products retailing and has 380 stores across India in 2020.
Firstcry is a subsidiary company of Mahindra Internet Commerce Pvt Ltd and Edubee Solution Pvt. ltd.
Firstcry is India’s largest online store for newborns, babies, and other kinds of products.
MILESTONES
BabyHug – Mr. Bachchan – Mahindra Venture – Ali Baba – Softbank – Pre-School
Product Offering- Newborn to 6 years including Moms & Maternity
Category- 12 + categories
MultiBrand / Multi Category (MBO)
Firstcry Franchise Opportunity Cost
AREA: Tier 1 & 2:- 2000 Sq. Ft. AND Tier 3,4 & 5:- 1500 Sq. Ft. ( Minimum)
Initial stock purchase – Rs3000/ Sq Ft
Store Interior @ Rs 1400/Sqft
100,000/- + GST (Software / POS 70K + Architect / Design Cost 30K)
Miscellaneous: 2 Lacs (Transportation/Computer/CCTV/Printer/UPS/LCD)
Margin- Avg Gross Margin 35 % – 37%
Average Payable GST – 8%
Firstcry Requirement
Tier 1 & 2 Cities:
- Minimum 2000 Sq. Ft. carpet area of a Retail Space depending on the City/Locality/Potential. (Leased/Owned)
- Total Minimum Investment of INR 85 – 90 Lac. Appx. (For 2000 Sq. Ft. including Interiors & Stock Value)
Tier 3, 4 & 5 Cities:
- Minimum 1500 Sq. Ft. carpet area of a Retail Space depending on the City/Locality/Potential. (Leased/Owned)
- Total Minimum Investment of INR 55 – 60 Lac. Appx. (For 1500 Sq. Ft. including Interiors & Stock Value)
Firstcry Key Franchise Facts:
- ZERO Franchise Fee / ZERO Revenue Sharing / ZERO Monthly Royalty
- Appx. Investment in Interiors @ Rs.1400 / Sq. Ft. (On Actuals)
- Minimum Initial Stock Value: Rs.60L in Tier 1 & 2 cities AND Rs.40L in Tier 3,4 & 5 cities.
- Miscellaneous Expenses – 2 Lac (First Stock Transportation, Architect Fee & P.O.S)
- Cash & Carry Format (Outright Purchase)
- Franchise Owned / Franchise Operated
- Average Gross Margin of 35% – 37% on Net Sales
- Expected R.O.I of 30%-36% Per Annum
Firstcry Store Opening Process
Step1. Location Finalisation
Step2. The signing of the LOI along with a Token of Rs.1,18,000/-
Step3. Auto CAD / Floor Drawing from the Franchisee’s side.
Step4. Required Documents from the Franchisee.
Step5. Franchise Agreement.
Step6. Complete the Interior design docket by the company within 10 days.
Step7. Interior Work Started.
Step8. In the meantime shall finalize the Stock Planning, Dispatch,
Marketing Plan, HR solution, etc).
Step9. Stock Payment within 30 Days before Opening.
Step10. Store Launch.
Brand support for the franchisee
- Staff Training Support
- Store Marketing promotion to both online & offline customers
- Dedicated resources for smooth store operations
- Strong presence all across the country
- Swift Logistics to every corner of the country
- IT Support 7 days a week
- High awareness across the Target group through Hospital activity.
The company targets offline and online with its unique product range.
Future Planning
Build dominance over the industry through
- Extensive depth in all merchandise categories
- Consistent Product availability
- Signature customer experience
- Latest modernized Technology
- Super efficient in the supply chain
Possible presence in International markets in the Middle East and Southeast Asia over time
Key Points
- Recession-free industry, high repeat rates, high loyalty rates
- the massive lifetime value of customers (with an average of 2 kids, the customers will shop for 8-9 years at least)
- The large and highly fragmented Indian market provides a huge
- potential for baby & kids players
- Market leader in the kids & baby product industry
- 2.5x bigger than the next largest retailer
- The highest product range in the segment with all the top brands
- The tremendous growth in the last 9 years
- Strong Private Label Brands – Baby Hug, Cute Walk & Fab & Funky
Why Franchise With Firstcry?
Firstcry is a unique startup by the Mahindra group and the company’s target niche is newborns.
The company is increasing its presence and building brand value.
The company offers a wide range of products that are mostly related to children up to 12 years old.
Firstcry App is the one-stop solution for baby, kids & maternity product shopping and access to expert-validated advice & tips on pregnancy.
What is the Babyhug franchise cost in India?
Babyhug is an in-house brand of FirstCry.com, offering an array of products across comprehensive categories catering to the needs of newborns, babies & kids.
The total investment required to set up a FirstCry franchise outlet is between Rs. 60,00,000.
Firstcry franchise inquiry
You can click on this link first Cry Franchise and directly jump on the company website page. Just submit the required details after that company tea will call you.
Rashmi Jadhav: +91 9545021919
You can also email us at: [email protected]
