Fortune Mart Franchise – Requirements, Investment, Profit, Applying Process
The company was launched successfully in 2000. The main purpose of company was to provide best rather than good or better edible oils. Since the passage of time the company has proved to the say that “action should speak louder than words”. To whatever the company has claimed ,has proved it to be real as well. Since from day of launch the company has achieved the title of “no. of edible cooking oil in India” within two years.
When talking about Fortune mart comes the name of the biggest name in the cooking oil brand claimed presently in India i.e., Fortune which directly connects us with the name of Adani wilmar.
It took a lot of time by the company to reach to this position, a lot of sleepless nights of all the staffs, a no. of failures but what didn’t allow them to stop was the firm determination of their’s to be the most successful “edible oil brand ” by providing the customers with quality, quantity, economical convenience and what not. So today in this post we’ll discuss about the fortune mart franchise its investment, profit, franchise model, applying process and review.
At present, Fortune, India’s biggest edible oil brand is all set for next level of growth with fortune mart where all fortune products will be available under one roof. Since now Fortune has now become an every kitchen’s essential with all it’s products including varieties of all the edible oils, chana, sattu, besan, aata, pulse, rice, chunks, sooji, maida.
Along with these products fortune Mart will be providing with a no. of reasons to attract customers throughout out the year with it’s combo offers,festive season sales, discounts and what not. The brand is ready to set up the marts throughout the country for the ease of customers which is obviously then linked yo more and more growth of the brand in the market. 15 + Fortune Mart outlets have already been installed across India and we are planning for much much more.
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Fortune Mart Company Details:
|Industry||Food and Beverage Services|
|Headquarters||Ahmadabad , Gujarat, India|
Largest range of edible oils, Food Product and Industrial Oil.
Why to choose Fortune Mart Franchise?
- It is one of the fastest growing FMCG company in the country.
- By taking Distributorship, you can deal with fortune mart FMCG brands and some bakery products.
- Many products available in this company, which is used in day to day life.
- It has a good image in front of public and trusted brand.
- It also provides good profits & margin to the distributors.
Basic Criteria For Fortune Mart Franchise:
- Should be Indian Citizen.
- Minimum age 25 yrs. old.
- Should have experience in FGCG.
- The applicants can fulfill the Fortune Mart Franchise basic business criteria.
Requirements For Fortune Mart Franchise:
- Shop space in a prime location in your city.
- Manpower (Accountant, Marketing manager, Driver, helper, Loader & Unloader)
- Basic Infrastructure (Computer, Printer, CCTV, Inverter, Table, chair etc)
- One time setup cost 10 lakh – 12 lakh.
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Fortune Mart Franchise Cost:
If you want to take the fortune mart franchise then the company will also help you to setup your store but you have to invest minimum of 10 lakh to 12 lakh for all setup which is explained below:
- There is no any franchise fee.
- Security money – 5 lakh.
- Outlet will be designed as per company’s standard guidelines.
- Infrastructure cost(will include computer, cctv, printer, inverter, fan, light, chair, majorly electricity bill,etc.)
- Manpower cost (you need minimum of 4-5 staffs in your mart)
- Working capital – 1 lakh.
- Shop cost – depends on the property with an office area requirement of around 400-1000 sqft.
- Total Setup cost: 10 lacs – 12 lacs.
Space Requirements for Fortune Mart Franchise:
To open any mart you should have minimum of 400 sqft. space or it depends on your location and requirements. But in case of Fortune Mart franchise store you need around 300 sq ft to 1000 sq ft. Which depends on the location which is decided by the area manager of the company. Fortune Bakery setup also requires 600 square feet.
Fortune Mart Franchise Profit:
It will be a both way profit. The sales manager of the particular area wherever the Mart will be installed, will be helping up about everything, about the profit margin and the rest selling and consumer service details.
Since the brand comes under FMCG i.e,. Fast Moving consumer goods, therefore sales will always be high in this business. The profit margin will be varying from product to product but if you manage to make a good sale throughout, more profit can be achieved.
We are expecting for a two way mutual support wherein your support will help the company to grow and develop and achieve the targets set and so a both sided gross profit will be set. But overall total gross margin in fortune items is about 10% – 12% and total gross margin on forture bakery items is about 50% – 70%.
ROI of Fortune Mart Franchise:
There is assured by the company to get 140% return on investment.
Most of the grocery franchise owner charge a royalty from the franchise. But in case of fortune mart here is no any royalty is charged by the company.
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Support from company:
Adani wilmar ltd. support the franchise with:
- Rent Support.
- Sales support
- Combos/Discounted offer
- Dedicated company software for billing.
- Promotional and digital activities.
- Integration with fortune online app.
- Free live bakery setup worth 2.5 lakh (Training will be provided by the company).
- Direct supply from the company on discounted rate.
Documents & Licence:
- ID Proof: Aadhaar Card, PAN Card, Voter Card
- Address Proof :- Electricity Bill/Ration Card
- Photograph, Email Id, Mobile Number
- Current A/C and cancel Cheque.
- GST Number
- Shop Act License
- Gumasta License (Trade license)
How to apply for Fortune Mart Franchise ?
If you want to apply for the Fortune Mart Franchise opportunity, then you have to follow some steps which is explained in the video given below:
- Visit: FortuneFoods
- Click on the above link.
- After landing on this page you can see all the contact information for franchise.
- You can either call on the toll free number or you can click on the button Apply Franchise.
- After clicking a new google form will open.
- Fill all the correct information in the form.
- Submit the form successfully.
- After that if your application is considered then you get a call from the executive of the company within a week.
Once you get in contact with you area manager then they will explain you everything. If you agree then they will survey your area. If they find you area is in good place then they will confirm you for the franchise.
Fortune Mart Franchise Contact Details:
If you have any query related fortune mart franchise then you can contact them via the available contact details I’ve mentioned below:
Adani Wilmar limited:
Corporate office: “fortune house” near navrangpura railway crossing, ahmedabad – 380009, Gujarat (India).
Phone: +91 7926455650
Email: [email protected]
For Fortune mart Franchise related enquires,
Call on 18005729999, 7877546083, 8447755504, 9407512913
Email: [email protected]
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Frequently Asked Question(FAQ):
Q. What is the fortune mart franchise fee ?
Ans: There is no franchise fee charged by the company for opening a Fortune Mart franchise store.
Q. Security money for opening Fortune mart Franchise ?
Ans: Around 5 lakh security amount you have to deposit to the company on behalf of the products.
Q. What is the royalty fee charged ?
Ans: It is a royalty free franchise business. No royalty is charged by the company.
Q. Is this fortune mart franchise profitable ?
Ans: This brand comes under FMCG i.e,. Fast Moving consumer goods, therefore sales will always be high in this business. And Fortune products which have already occupied the Indian market very strongly. So, its product is in high demand every time. Therefore we can say that it is profitable franchise business.
Q. What is the Profits and Margin in the Fortune Mart Franchise ?
Ans: The profit margin will be varying from product to product but if you manage to make a good sale throughout, more profit can be achieved. Overall total gross margin in fortune items is about 10% – 12% and total gross margin on forture bakery items is about 50% – 70%.
Q. What is ROI in Fortune Mart Franchise ?
Ans: Company assured to get 140% return on investment.
Q. How do you get a fortune Mart franchise ?
Ans: If you want to get the fortune mart franchise then you have to fill the franchise form or you can contact via contact details like phone: 18005729999 or mail: [email protected]
Q. Fortune mart company support to the franchisee ?
Ans: Adani Wilmar ltd. support the franchise mainly in sales, rent, offers, promotions, billing software, provide training etc.
Q. What is the cost to open Fortune mart franchise ?
Ans: If you want to take Fortune Mart Franchise then company will also help you to set up your store but you have to invest minimum 10 lakh to 12 lakh for all setup.
Q. Fortune mart franchise Contact Details ?
Ans: For Fortune mart Franchise related enquires, you can call on 18005729999, 7877546083, 8447755504, 9407512913 or mail on [email protected] For more information visit website: www.fortunefoods.com.
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