Cozyworld lux franchise- Cost, Profit, Requirements, Applying Process
Cozyworld Lux franchise: Become cozyworld lux ventur Owner, Cost, Profit, Applying Process
Hello friends, today we’ll discuss about Cozyworld lux franchise in this post. So, if you are planning to start a part time business along with your existing business, choosing Cozyworld lux franchise would be a great. In this article we discuss about getting Cozyworld lux franchise, investment, commission, applying process, documents required and much more.
- Lux Industries Ltd is one the largest knitwear brands in India.
- It houses brands like Lux Cozi, ONN, GenX, Lyra, Lux Infero, Lux Venus, Lux Cott’s Wool, One 8, Lux Cozi Big Shot, Lux Venus Classic, Lux Cozi Glo, Lux Nitro, etc.
- Cozyworld offers a wide range of products for both men and women of all age groups, which cater to all the sections of society like economy, mid premium, premium and super-premium.
- Cozyworld provides best quality and style.
Why become Cozyworld lux franchise ?
- Most trusted and recognized brand in Inner Wear Segment from many years.
- Highest selling brand in India catering to both genders.
- Huge business opportunity in Inner Wear Segment.
- Changing purchase pattern from traditional Retail Shops to Exclusive Stores.
- Very good ROI with lower investment, risk and nominal store space requirement.
- Opportunity to grow and expand as first mover for the concept store and enhance retailing skills.
Cozyworld lux Company Details:
| Website | https://www.cozyworld.com/ |
| Type | Privately Held |
| Industry | Textiles |
| Founded | 1957 |
|---|---|
| Headquarters | Kolkata, West Bengal, India |
| Company size | 501-1,000 employees |
| Specialties | Innerwear, Premium Innerwear, Winterwear, Leggings, and Hosiery Garments |
| Brands | Lux Cozi, ONN, GenX, Lyra, Lux Infero, Lux Venus, Lux Cott’s Wool, One 8, Lux Cozi Big Shot, Lux Venus Classic, Lux Cozi Glo, Lux Nitro, |
Also Read: Jockey Franchise in India – Cost, Profit, Requirements, Apply
Eligibility Criteria for Cozyworld lux franchise :
- Applicant should completed the age of 21 years.
- Have knowledge about business.
- They should have proper investment and proper space.
- Documents required
- Staff Required
Investment for Cozyworld lux franchise :
If you want to take Cozyworld lux franchise in your area then. you need approximate Rs. 25 lakh – Rs.30 lakh and above to start.
- Franchise Fee: Rs 101,000 (non-refundable).
- Security Amount Deposit for the stock: INR 3,000 per sq. ft (in which the company will give you 7% per annum interest which is refundable).
- Civil & Interior as directed by company: Cost Of interior – INR 2,000 – 2,200 per sq. ft. approx.
- Shop cost: 500 – 550 sq ft.( its cost depends on your location)
- 1 sales manager and 4-5 Staff Cost.
- For Staff Training/Booking: Travel, lodging, boarding and other expenses for the candidates will be borne by the franchisee only.
Terms & Condition Of Cozyworld Franchise Outlet:
| DESCRIPTION | TERMS OutRight Sale |
| Store Name | cozyworld – LUX VENTURE |
| Type of Agreement | Franchisee Outright Sale Agreement (non-exclusive ) |
| Term of the Agreement and Lock-in period | 9 years, renewable at the end of every 3 years from date of opening. The first 3 year will be a lock-in period on both the parties |
| Validity of this term sheet Subject to payment cheques received | 45 days from the date of signing the term sheet, for executing the agreement. Store should be opened within 60 days from date of signing this term sheet Or as Agreed upon |
| One time Franchisee Fees | 101,000/- ( non- refundable) |
| Cost of computer setup, printer, etc. as recommended by franchisor | To be borne by franchisee |
| Software user license fee, installation fee and Annual Maintenance Fee other than billing software, as recommended by Franchisor | To be borne by franchisee |
| Stock Correction | 100% for first TWO quarters. 50% for every subsequent quarters during the Term |
| Scheme / Promotion / Offers / CRM | On Company |
| Marketing activities during Store Launch | As decided mutually. Cost will be shared between company and Franchisee is ratio of 50:50 |
| All other expenses for store launch | To be borne by franchisee |
| Façade signage, internal branding concepts, themes, vinyls, cut-letters, flexes | Design Will be provided by Franchisor. Installation cost to be borne by Franchisee. Cost of Composite panel(ACP) will be borne by Franchisee |
| Stock dispatch | Dispatch will be done within 3 working days of confirmation against advance payment |
| Defectives / Damages | The franchisee will check all products within 3 days of delivery at his store and inform the company about defectives / damages. Any Defect in store will be sole responsibility of Franchisee. |
| Sales Collection | Franchisee will deposit Sales Collection every Monday in Company’s designated accounts after deducting his margin. |
Also Read: How to Apply for Rupa Comfort Store Franchise ?
Space Requirement for Cozyworld Lux Franchise:
The minimum space required to start Cozyworld Lux Franchise is about 500 – 550 sq ft and above. Store Front Measurement& Height Minimum 12 Foot & 9 Foot Height.
Important Documents required:
- Personal Documents:
Name of Franchise Firm
Type of Firm
Name
Registered Address
2 Blank Undated signed cheques
GST Number
Pan Number of Franchise
Property leased by / Owned By
Contact Person
Contact No
Outlet Trade license
Shop & Establishments Licence
sales tax certificates
ITR(If needed, the company can also ask for last 2yr ITR)
Profits & Margin:
Your earning depends on the total sales you have made. If you are able to make enough sales then you can expect more profit from company. There is no monthly target in the beginning, so you can make your customers freely.
So, total profit provide by the company is around only Markdown 35% and for the Scheme / Promotion / Offers / CRM company will decide.
Suppose you make sales of 5 lakh a month, then company will provide you 35% i.e 1.75 lakh
And you have to bear all the expenses from this amount only 1.75 lakh ( like Electricity bill, Staff other benefits & Statutory Liabilities, store manager payment and others)
ROI Tenure: 1 yrs.
If you will work better with the company then there is lot of schemes in this company which depends on your sale. So, you can be eligible for this scheme and can earn more money. But, this scheme usually start after 4-5 months.
Support From Company:
- Staff to be approved.
- Staff Training
- Staff Uniform
- Billing & Inventory Software
- Main Sign Board with
- VM- Store Inside and Outside Visuals
- Stock Correction 100% for 2 quarters & 50% for all rest quarters .
- Incentive List
- Transportation / Freight on stocks
- Store Opening / Advertising Support
- Polybags/Carrybags(50% included)
- Advertising
- Customer Loyalty Program – “CRM”
| Days Of Operation | 365 Days Open. |
| Time Of operation | As per Timings specified by Cozyworld – Lux Industries Ltd |
| Tenure of Agreement | As per specified by Cozyworld- Lux Industries Ltd |
| Lock In Period | N.A |
| Notice Period | 90 days |
How to apply for the Cozyworld lux Franchise ?
To apply for the Cozyworld lux Franchise, all the information is given in the video which is given below:
- Visit the official website : https://www.cozyworld.com/
- Click on the above link, and click on the franchise enquiry.
- Fill the franchise enquiry form.
- Submit the form sucessfully.
- Within 2 days you’ll get a call from the cozyworld manager of your area, once you’ll talk to the manager then they will make you understand you everything.
Or, You can directly call on the number which is given below to get the Cozyworld lux franchise:
(+91) 9650079749
Contact Details:
Email: cozyworld@luxinnerwear.com
Phone:
+91 3340402120
+91 3340402121
Location:
Lux Industries Limited
P.S Srijan Tech Park,
DN-52, Salt Lake City, Sector V,
Kolkata – 700091, West Bengal, India
EXPANSION LOCATIONS:
NORTH:Delhi, Haryana, Himachal Pradesh, Jammu and Kashmir, Punjab, Uttaranchal, Uttar Pradesh
SOUTH: Kerala, Karnataka, Tamil Nadu, Andhra Pradesh
EAST: Assam, Meghalaya, Mizoram, Tripura, Sikkim, Orissa, Arunachal Pradesh, Manipur, Nagaland, West Bengal
WEST: Gujarat, Rajasthan, Maharashtra, Goa
CENTRAL: Chhattisgarh, Madhya Pradesh, Bihar, Jharkhand
UNION TERRITORIES: Pondicherry, Chandigarh, Lakshadweep, Daman and Diu
F.A.Q(Frequently asked question):
Q. What is the Franchise cost for Cozyworld lux franchise ?
Ans: 101,000 (Non-refundable one time fee)
Q. How many days takes to do all the process?
Ans: Approx 15 days
Q. Total Investment?
Ans: 25-30 Lakh if your store area is about 500 sqft and above.
Q. Is it profitable or not ?
Ans: Yes. this company provide more profit.
Q. Is there any Security Deposit or not?
Ans: NA
Q. How can I contact to get Cozyworld lux franchise ?
Ans: Contact : (+91) 9650079749
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