Paragon to expand it’s retail outlets in India, Know complete details about Paragon Franchise, how to get Paragon franchise in India.

Welcome to YMW Solution, in this blog we will be discussing a new business opportunity that is how to start Paragon Franchise which is one of the largest selling footwear brands in India. Are you looking for a lucrative business opportunity that requires minimum investment? Look no further, because in this blog post, we will explore into the exciting realm of starting a Paragon Franchise, one of the leading footwear brands in India. With the global footwear market booming and India witnessing a surge in the emergence of footwear companies, there couldn’t be a better time to explore the potential of this industry.

As of 2022, the global footwear market was valued at a staggering $409.5 billion and is projected to reach $725.1 billion by 2032. In India, there are emerging lot more footwear companies. The growth potential is very high in the footwear industry. So if you want to start a franchise of foot wear brand then you can can consider of opening Paragon franchise.

This blog article provides insights on developing a Paragon business, including initial investment costs, earnings, margins, and space requirements, to help you to make informed decisions and position one for success in footwear franchising.

Read this blog for a complete guide on starting a Paragon franchise and exploring the opportunities in the dynamic footwear retail industry.

About Paragon Company:

It was in the year 1975, with a production capacity of 1500 pairs per day, Paragon made its humble entry into its home market in Kerala. In the year 1982, after gaining popularity, Paragon began its passage into other Indian states. The company’s distribution network is through 17 depots across India. Retail shops are serviced by more than 500+ distributors, delivering stocks to every corner of the country in the shortest possible time.

Paragon footwear strongly believes that it’s greatest strength is staff and distributors. Paragon offers long lasting footwear, in affordable price range to million of customers. Paragon is one of the most trusted footwear brand in the country and has a total production capacity of making 4,00,000 pair of shoes, slippers in a day. Apart from in-house production, the company out sources production of footwear in Calicut, Delhi and other places which makes 14,00,00,000 pairs a shoes, slippers in a year.

Why to choose Paragon franchise as a business idea ?

Paragon is one of the largest-selling footwear brands in India. There are plenty of reasons to choose a franchise of Paragon:

• Paragon is an Indian brand known for its quality products, and it has a wide range of products to deliver to its customers.
• They strongly believe that their greatest strength is their staff and distributors.
• Paragon promises millions of customers a long-lasting footwear brand in an affordable price range.
• Paragon manufactures 400,000 pairs of shoes and sandals in their manufacturing hub daily.
• Paragon has lot many varieties in every category of shoes, sandals,
• Paragon footwear franchise delivers it’s products through 17 depots and has more than 500 distributors in PAN India.

Things to keep in mind before starting a footwear business:

• Before entering in Footwear business, make sure you must have some knowledge about this business.
• Do a proper survey or meet to that person who is already working this business. Get some knowledge from them.
• Shoes/Slippers once you order will not be able to be returned to the company. The company only accepts refund of default footwear/slippers. So, before ordering do a survey in your area or discuss with the footwear seller which foot number shoes/slippers are mostly sold in this area, then place the order.
• In the footwear business, there is no specific area fixed for any distributor to supply. You can sell wherever you want. Due to this, footwear business is highly competitive business. Initially you have to make customers by yourself.
• Sometimes you have to give more discount to the sellers to make more n more customers.

Eligibility Criteria for the Paragon Franchise:

To start Paragon Franchise, there are certain criteria applicants must have:

• Applicants minimum age should be 21 years.
• Applicant qualification should be 10^th
• Should have Knowledge in the field of franchise business.
• U should have proper investment with proper space.
• Should have a good financial background to manage the expenses.

Paragon Franchise Cost:

To open Paragon franchise you need to keep in mind certain factors that is where are you planning to open Paragon franchise, if your location is in tier 2 city then you need a minimum 20-30 lakh rupees investment & premise in a prime location to start Paragon franchise. In addition to this investment, you must have a good financial background to run and maintain the franchise.

The major investments to start Paragon franchise is to purchase stocks for about (5 – 10lakh₹) in addition to that there will be some other investments includes rent of that place, utilities cost, staff salaries or manpower cost.

There will be a franchise brand fee of  2 lakh rupees, that you need to pay to Paragon.

Space Required in Paragon Franchise:

To open a Paragon franchise, you need a minimum of 500–1500 square feet of area. Always prefer the location to be nearest to the market place, in a location with high foot traffic and visibility, and the store should be on the ground or 1st floor. Place to park vehicles for the customers, and proper electricity and water supply.

This space will be used to display your shoes; it can also be done by installing display racks. There should be counter space so that customers don’t have to wait in a queue for billing. Space should be air-conditioned so that customers feel comfortable shopping.

Design your store so that clients can easily navigate, with enough space between racks and the shelves for comfortable shopping. Ensure that the display area is visually appealing and well-lit to showcase the shoes effectively.

Also, make sure that your space has CCTV cameras for security and theft concerns. This will also ensure a safe shopping environment.

Read More: Red Chief Franchise- Footwear, garments, Cost, Profit, Apply

Profits & Margin in Paragon Franchise:

Profits & Margin is generally high in franchise business, since paragon has not disclosed the profit margin on their products, so we can only assume that it’s profits margin is around 30-35% because all other brands generally gives about 30-40% profit & margin.

Franchise businesses generally maintains good profit margins, due to established brand recognition, standardized operations, and collective bargaining power. However, without exact data from Paragon, it is difficult to accurately estimate their profit margins. Several factors influence a franchise’s profit margins, including operational costs, franchise fees, royalties, and economies of scale.

If Paragon has not published its profit margins, it could be for a number of reasons. They may consider this information private or competitive, or their views may differ depending on circumstances such as location, product mix, or market conditions.

ROI(Return On Investment): Profit Margin & Return on Investment totally depends on sales. If your sales are high then it is more likely to get your return within 2-3 years.

Read More: Relaxo Footwear Distributorship

Read More: How to start Sreeleather Franchise ?

Documents Required:

• GST Certificate
• PAN Card
• Address Proof of Proprietor/partner.
• Address Proof of Office
• Shop & Establishment Certificate
• Partnership deed
• Outlet Trade License
• Sales tax certificates

NOTE: We also do all kinds of licensing work and legal documents required to start any business in low price with best quality.

How to apply for Paragon Franchise In India ?

To apply for the dealership, click on this website then follow these steps:

• In that page there will be a menu to choose your where you have to choose your Query as Franchise Query.

• After that click on Franchise option.
• Then fill your contact & personal information in that page.
• After filling your contact information, fill size of your store, investment capacity.
• After filling your detail successfully, click on submit.
• Within a week the company franchise team will contact you.

Process to get Paragon Franchise:

• Firstly you have to send you store location images and details to the manager.
• They will survey your area properly, and make a plan.
• After a day, they proceed you process if you’ll agree.
• Now, the area manager will help you to setup your business and make the agreement.
• They’ll provide you training and a sales man will work with you.
• And the process take 15 -30 days.
• So, after 25-30 days you can start you Paragon Franchise store.

Contact Details Paragon Franchise:

If you have any query related to Paragon Franchise then you may contact to the company via given details as I’ve mentioned below:

Corporate Office:

Paragon Polymer Products Private Limited No.45-A, 2nd Phase, Peenya Industrial, Area Bengaluru- 560058, Karnataka.

Mobile no:- 1800 425 55552

e-mail:- esupport@paragonfootwear.com

For more details about Paragon dealership please visit the official website: paragonfootwear.com

Conclusion:

Here we come to the conclusion part, in this blog we already have discussed on how to start Paragon franchise in India, why to choose this franchise business, what are the advantages of starting a Paragon franchise in India, such as its proven success, established brand reputation, and support from the franchisor. Additionally, we already discussed why it is a profitable business opportunity, highlighting aspects such as rising demand for footwear, Paragon’s diverse product line, and its compatibility with Indian consumer preferences.

Finally, you can encourage readers to take the next steps if they’re interested in exploring this franchise opportunity further, such as contacting Paragon directly or doing more research into the specifics of franchise ownership.

FAQ(Frequently Asked Questions)

Q. Who is the CEO of Paragon?

Ans: Mithun Joseph

Q. Where is the headquarter located ?

Ans: Headquarter of Paragon is located in Bengaluru, Karnataka, India.

Q. How much space is required to start Paragon franchise?

Ans: Minimum space required to start Paragon franchise is 500-1000 square feet.

Q. How much investment is required to start Paragon franchise?

Ans: Minimum investment required to start Paragon franchise is 20-30 lakh₹.

Q. Is there any franchise fee required to start Paragon franchise?

Ans: Yes, Franchise fee of 2 lakh₹ is charged by Paragon footwear.

Q. How to contact Paragon Footwear ?

Ans: You can contact Paragon footwear through their contact details mentioned above.

We hope you enjoyed reading this blog article on the Paragon Franchise Cost in India. For additional useful articles like this, keep visiting YMW Solutions.

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