Jockey, the world leader in innerwear and leisure wear, based on premium quality and innovative designs, has emerged as the most popular household names in India. Based on the rich past since 1876. The brand was set forth into the Indian sub-continent under an exclusive agreement in 1994 from Page Industries Ltd. Jockey India has managed to grow well for the last over a decade or two spreading many franchises in almost all regions without being considered empty due to diversified customer satisfaction of Indians. The franchise model has really played a significant role in the growth of the brand where entrepreneurs partner with a trustable brand and ensure an experience for customers across locations.
Eligibility Criteria for Getting Jockey Franchise in India
Eligibility criteria for getting franchise of Jockey in India are given below:
- The candidate should be more than 21 years old.
- An applicant should have a better experience with other brands of businesses.
- An applicant must have a good investment with enough space available.
- 7 to 8 staff must be available in that team.
- All necessary documents must be prepared.
- 800–1200 sq. ft. in high-footfall areas.
- Cities or towns with retail potential.
- Follow Jockey's design and branding standards.
- Long-term business focus.
- Proper licenses and agreement adherence.
- Understand and support Jockey's brand values.
Documents Required for Getting Jockey Franchise in India
Some of the key documents which are required in order to get Jockey Franchise in India are given below:
Objective Documents
- Identity Proof :PAN Card, Aadhaar Card, Voter ID
- Address Proof: ration bill, Electricity Bill
- Qualification Certificate
- Email address, recent photograph, Valid mobile number .
- Cancel cheque and current account documents
Property Documents
- NOC
- Rent Agreement document .
- Sale deed or shop agreement. .
Business Documents .
- Valid outlet trading license .
- GST number
- shop and establishment license
- ITR, if so applied
Space Required for Getting Jockey Franchise in India
The total area to be constructed for the Jockey India franchise will be about 1000 to 1400 Sq. ft. in case of the Exclusive business outlet, with a frontage of approximately 40 to 50 feet. The depth of the store will be between 25 to 30 feet and the height between 10 to 12 feet. This store location area may either be owned or may be taken on a rental basis.
Experience Required to Start a Jockey Franchise in India
The prospective potential franchisee should be having a sense of entrepreneurship and some leadership quality to manage and run the store on a day-to-day basis. All the members dealing with the franchise management must stay updated with the present happenings of the market because only with the present markets, footfalls can be guaranteed along with uninterrupted income streams. Employees should be aware of the product; so that while dealing with a customer; they can give complete attention to the customer accompanied by respect from the other end.
Training of an Employee for Jockey Franchises
It can easily provide every type of aid and assistance to its whole management for new launches on the level of the outlet of franchisees. All types of training are being provided by the Head Office through which it is able to work very efficiently and excellently. There are all such guiding outlets present that have ensured that all those workers should be updated from the ongoing current marketing trends present in the area and all such products which are used over there.
Minimum Number of Employees for Running a Jockey Franchise
The minimum number of persons who are required in a single Jockey franchise outlet in India would be around 4 to 6 employees. This again depends on the built-up area used for the outlet as well. But to fulfill this criteria is equally important. Without having the minimum number of employees one cannot get the jockey franchise in India. It is one of the key requirements to get the same in India.
Minimum Investment Required for Getting a Jockey franchise
Around 45 to 50 lakhs is going to be a significant amount in respect of investments the company is looking out to create its franchised outlet. Above mention the company doesn't gain or accrue any kind of fee to franchisees its intended franchises' owner. More elaborate explanations in regards to franchisor profit by an illustration based on an example for you.
Franchise Investment Done Rs 50,00,000, which has been bifurcated as provided in the table below:
|
Monthly Expenses incurred |
|
|
Monthly Income |
|
|
Gross Profit for the Month |
|
|
Total Profit for the Month |
|
|
Return on Investment (ROI) |
|
Is the Jockey Franchise Business Profitable in India?
Everybody knows that the brand has impressed everybody and has had a good distribution network for almost 20 years in India. Also, the Bangalore-based company, Page Industry, has an incredible return ratio and is increasing continuously in the world's clothing market.
Jockey is a multinational company spreading its various branches across the country with 39 big stores across a reputable premium shopping mall and above 104 across various locations including metros, high streets, tier 1 and tier 2 cities and several more places.
For seamless experience on preparing agreement for franchise check on Vakilsearch Franchise Agreement. Therefore, it can be said that the brand is a very good source of earning capital for many franchisees. So, it cannot be wrong to say that the brand Jockey is a good investment option for new emerging entrepreneurs and those who want to be in the clothing business.
Conclusion
The franchise model that Jockey has established in India is a perfect mix of the global brand and the spirit of local entrepreneurship. With great products and tested business models, Jockey allows its franchise partners to achieve success in a competitive landscape of retailing. That's why it remains successful even today in India and stands on one of the favorite lists for customers as well as franchisees. In a way itself, this becomes a grand testimony in that international brands can be quite good with the kind of understanding that can match with local market dynamics where Jockey keeps on growing.
Author Bio
