The appearance and fashion industries are rapidly growing these days. People like Fashionable accessories to look good as well as it builds their personality and appearance. In this industry, a well-grown name is “Lenskart”. Lenskart Company is an Indian multinational optical prescription eyewear retail chain, which is based in Delhi NCR. This article is for those who are looking for the Franchise Partnership Program of Lenkart. Here we will guide you on How to get a Lenskart Franchise in 2024 along with the details of Investment Cost and Profit margin. Stay tuned to the post for in-depth details of the Lenskar Franchise Apply Online, Monthly Income, and Contact Number.
Lenskart Franchise Cost and Profit
Let us tell you that, Lenskart was founded in 2010 by Peyush Bansal. Now, they have a total number of 2,000 retail stores, three-fourths of which are in India. Its manufacturing facility is in New Delhi and manufactures 3 lakh glasses a month. The total revenue of Lenskart is ₹3,780 crore as per the Financial Year 2023 and it has a ₹260 crore Income, which is the most growing and most profitable company. Its unique feature is that it resolves the problem of vision issues in people along with fashionable options.
However, Lenskart is also going to launch an automated factory in Bhiwadi, Rajasthan, with an annual production capacity of 5 crore glasses. So, it is a major indication that Lenskart’s Market shares & interest will increase more. Along with the establishment of the Lenskart factory, the company also runs a franchise program for promoting 7 expanding their brand marketing to all over India. To know more about the Lenskart Franchise Cost and Profit, Apply Online, and Monthly Income, keep scrolling down below.
Lenskart Franchise Business Monthly Income – Overview
Franchise Name | Lenskart Franchise |
Name of Company | Lenskart Solutions Private Limited |
Industry Category | Prescription eyewear & Opticians |
Founder | Peyush Bansal, Amit Chaudhary & Sumeet Kapahi |
Established in | 2010 |
Capex (Capital expenditures or Fixed Investment) | INR 24,56,000 |
Opex (Operating expenses) | Rs 18,70,500 |
Inventory | Rs 11,00,000 |
Sales Commission | 30% |
ROI on Capex | 33% |
Yearly Earning Potential | ₹8,50,000 |
Official Website | https://www.lenskart.com/ |
Requirements to Start Lenskart Franchise Business
Here is the complete information regarding the requirements of the Lenskart Franchise Business below;
- Required Space and Location => To open the Leskart Franchise Store, you people require a Space of 400 Sq ft – 500 Sq ft. It will require space for it. Keep in mind that, the store location will be in the market or footfall place.
- Staff Requirements => To manage the store’s customers, products, cleanliness, and other aspects, you need a minimum of 4-5 employees. Apart from this, you also can hire more employees as per your requirements of budget.
- Investment Requirements => The Lenkart Franchise requires a decent Investment of 40-50 Lacs. It will include the Copex & Opex Investment.
Lenskart Franchise Price in India
To open the Lenskart Franchise Store, you need to also think about the location. As we all know Lenskart’s market is spreading over the countries like India, Southeast Asia, East Asia, the Middle East & United States. The Franchise Cost & Investment Costs vary in the country. Lenskart Franchise Price in India is Rs. 2 lakh and Software & Other Require Invetsmnets will also apply. You will require some essential investment approx 40-50 Lacs. In the below table, we have shared the complete Investment Cost of the Lenskart Franchise.
Lenskart Franchise Investmnet Cost
To start a Lenskart Shop, you need to heavy investment. We will include the Capital expenditures & operating expenses. So, here we will share the complete detailed Investment Cost below:-
Software Licence & Franchise Fee | ₹2,36,000 |
Interiors (Furniture, tiles, A/C, Displays, Storage, Music System) | ₹10,00,000 |
Branding (Signage, VM, other branding) | ₹2,70,000 |
LCD Screen, Tablet, Laptop | ₹2,50,000 |
Staff Training Expense | ₹2,00,000 |
Opthal Equipment (Eye testing machine, other tools, etc) | ₹5,00,000 |
Total Capex (Capital expense) | ₹24,56,000 (One Time) |
Total Operating Expenses (Included Rent, Staff Salary, Electricity, Marketing Cost, Internet, Telephone & etc) | INR 1,55,875 (Monthly) & 18,70,500 (Annual) |
Note:- People need to have the 12 Month Operating Expenses (Opex) for established 7 running profitable business of Lenskart. The Total Capex is a one-time investment and other money will secured for the other necessary expenses of the store.
Lenskart Franchise Application Form
To apply for the Lenskart Franchise, you have to apply by filling out the Application Form. To get the Lenskart Franchise, you have to visit the official website of Lenskart@ https://www.lenskart.com/. Here, you will get the Google Application Form. You have to fill in the entry and select the option. Then submit the Google Form. For any query, you contact the Lenskart Officials for further process.
Steps for Lenskart Franchise Apply Online
To Apply Lenskart Franchise Online, you have to follow the below procedure;
- Visit the official website of the Lenkart Partner Page i.e. https://partners.lenskart.com/
- A home page with Franchise details will open, here click on the Partner or Landlord link.
- After that, you will reach out to the next page. Now the information & apply online page will open.
- In the right corner, you see the Form. Here enter the details like Name, Phone Number, Email & City.
- Then, select “What property type will you open the store at?” Owned or Rented/ Leased.
- Next, click on the Submit Request. The team will shortly contact you within 24 hours.
Lenskart Franchise Business Profit Margin
In the Lenskart Franchise, you also think about the percentage of the Profit Margins. So, Lenskart is offering you a profit margin from 25% to 30% excluding the royalty fee of 25%. For example, if you generate a sale of 10 lakh rupees in a month, then your net profit income will be 2.5 lakhs to 3 lakhs rupees. Look at the complete Dales Margen & Commission Chart to know about the Profit Margin in a detailed way-
Details | Avg Sales QTY | ASP | Retailer Margin | Commission On Sale | Sale Value |
Prescription Frames | 250 | 3,000 | 25% | 1,87,500 | 7,50,000 |
Sunglasses | 60 | 2,000 | 25% | 30,000 | 1,20,000 |
Contact Lens | 30 | 1,000 | 13% | 3,900 | 30,000 |
Total | 340 | — | — | 2,21,400 | 9,00,000 |