Are you planning to invest your money in super opportunities in the fashion industry? Have you ever wondered how to tap into the booming women’s apparel market with minimal risk? Then you can consider the Go Colors Franchise business. As a leading brand in women’s bottom wear, In this blog will be whole details about starting a Go Colors franchise, including investment requirements, profit ratios, ROI, and market trends, advantages & disadvantages of Go Colors franchise business, Conclusions.
Let’s break it down together!
Franchise Brand details
Brand Name: Go Colors
Legal Name: Go Fashion (India) Limited
Founder: Gautam Saraogi and Prakash SaraogiFounded Year: 2010
CEO: Gautam Saraogi
Total Outlets: 650th Brand store, Over 120+ Cities
Profit: Profit of Rs 61.7 crore, 2024
About the Brand
Go Colors, founded in 2011 by Gautam Saraogi and Prakash Saraogi, has established itself as a prominent player in the casual wear segment, particularly focusing on women’s leg wear. Gautam Saraogi has extensive experience in garment manufacturing and marketing, stemming from a family background in the garment industry. With over 650 outlets, over 250+ cities across India, the brand has garnered a loyal customer base and is known for its trendy, high-quality products. Go Fashion (India) Ltd’s market capitalization is 60.7B INR. Go Colors is projected to generate a profit of Rs 61.7 crore in 2024. The company operates under a franchise model, enabling aspiring entrepreneurs to join its successful business framework.
Go Colors Vision
Innovate and improvise products for everyday life.
Go Colors Mission
To create and promote products which are honest and true
Go Colors Franchise Investment Details
Starting a Go Colors franchise requires a total investment ranging from Rs. 20.5 lakhs to Rs. 40.5 lakhs. This includes:
- Franchise Fee: Rs. 50,000
- Infrastructure Investment: Rs. 20 lakhs – Rs. 40 lakhs
- Initial Inventory: Approximately Rs. 5-7 lakhs
- Additional Costs: Covering furniture, fixtures, and operational expenses.
- Royalty fee: 6% of Every month gross sales
To Start Go Colors Franchise Requirements Details
To successfully operate a Go Colors franchise, you will need:
- Shop Area: Between 150 to 500 sq. ft
- Employee Count: A small team of 2 to 5 employees.
- Essential Infrastructure: This includes a billing counter, product display area, trial room, air conditioning, and CCTV setup.
Profit & ROI of Go Colors Franchise
Investing in a Go Colors franchise can be highly rewarding. Franchisees can expect a profit margin of 25% to 35% on sales. The typical return on investment (ROI) timeframe is around 18 months to 2 years, depending on various factors such as location and operational efficiency.
To know the Annual Report of Go Color Brand – CLICK HERE
Documentation Required for Go Colors Franchise Business
To apply for a Go Colors franchise, you will need to prepare the following documents:
- Franchise Agreement
- Proprietor Aadhaar Copy
- Proprietor Photo
- Proprietor/Business PAN Copy
- Business TAN Copy
- GST Registration Certificate
- Address Proof for the Proprietor/Business
Is the Go Colors franchise business is Still worth it? Then you must know it, Read below
Advantages and Disadvantages of Go Colors Franchise
When considering a franchise opportunity, it’s essential to weigh the pros and cons carefully. Here’s a detailed look at the advantages and disadvantages of investing in a Go Colors franchise.
Advantages
Go Colors is a well-known brand in the women’s bottom wear segment, which can attract customers and generate sales more quickly than a new, unknown brand.
Strong Support System: Franchisees benefit from comprehensive support, including inventory planning, product pricing, marketing assistance, and training programs. This support can significantly ease the startup process and ongoing operations.
High Profit Margin: The franchise offers a profit margin of approximately 25% to 35%, which is attractive for investors looking for a profitable venture in the fashion industry.
Rapid Growth Potential: With a growing market for women’s apparel in India, Go Colors is well-positioned to capitalize on this trend, making it a potentially lucrative investment as the brand continues to expand its presence.
Flexible Investment Options: The initial investment ranges from Rs. 20.5 Lakhs to Rs. 40.5 Lakhs, allowing potential franchisees to choose a level of investment that suits their financial situation.
Quick ROI: The average return on investment (ROI) timeframe is around 1 to 2 years, which is relatively quick compared to other franchises in different sectors.
Disadvantages
Initial Investment Costs: The upfront costs can be significant, and potential franchisees must have the necessary capital available to cover the franchise fee and infrastructure investment.
Operational Challenges: Running a retail outlet requires management skills and a good understanding of customer service, which may be challenging for first-time entrepreneurs without prior retail experience.
Market Competition: The fashion industry is highly competitive, with numerous brands vying for market share. Franchisees may face challenges in differentiating their store and attracting customers in saturated markets.
Dependence on Brand Performance: Franchisees are reliant on the overall performance and reputation of the Go Colors brand. Any negative publicity or operational issues at the corporate level could impact individual franchisees.
Royalty Fees: Franchisees are required to pay a royalty fee, which is typically around 6% of sales.
Also Read this: Nike Franchise Cost – Investment Details, Profit, ROI – 2024
Go Colors Franchise – Unique Selling Propositions (USPs)
Focused Product Line: Go Colors Franchise Brand specializes exclusively in women’s bottom wear, allowing for a targeted marketing approach and expertise in this niche segment.
Diverse Range: The brand offers a wide variety of products, including leggings, palazzos, and jeggings, catering to different styles and preferences.
Strong Brand Recognition: With over 500 outlets and a growing online presence, Go Colors has established itself as a go-to brand for women’s bottom wear in India.
Franchise Support: Go Colors Franchise brand provides comprehensive support to franchisees, including inventory management, marketing assistance, and training, which can enhance operational efficiency and profitability.
Go Colors Franchise Business Expansion Plans
Go Colors aims to further expand its footprint in untapped markets, particularly in northern and eastern India. The brand is actively seeking franchisees to open new outlets in regions with high foot traffic, such as shopping malls, marketplaces, and busy streets.
As a investor you need to know the Go Colors stores locations, So i added below
Go Colors Store Locations
Andhra Pradesh
Go Colors Store – Daba Gardens, Visakhapatnam
Address: Shop No:41, Main Road, Daba Gardens, Visakhapatnam, Andhra Prad
Go Colors Store – Vijayawada
Address: D.No. 40-1-55, Besant Road, Labbipet, Vijayawada, Andhra Pradesh 520
Go Colors Store – Tirupati
Address: D.No. 17-3-22/A1, Kapilatheertham Road, Tirupati, Andhra Pradesh 517
Assam
Go Colors Store – Guwahati
Address: Shop No. 304, 3rd Floor, City Centre Mall, G.S. Road, Guwahati, Assam 781005
Chandigarh
Go Colors Store – Chandigarh
Address: SCO 378-379, Sector 35B, Chandigarh 160022
Bihar
Go Colors Store – Patna
Address: Unit No. 213, 2nd Floor, Patna City Center Mall, Exhibition Road, Patna, Bihar 800001
Chhattisgarh
Go Colors Store – Raipur
Address: Shop No. 301, 3rd Floor, City Mall, Fafadih Chowk, Raipur, Chhattisgarh 492001
Goa
Go Colors Store – Panaji
Address: Shop No. 1, Ground Floor, Patto Plaza, Panaji, Goa 403001
Jammu & Kashmir
Go Colors Store – Srinagar
Address: Shop No. 1, Ground Floor, Centaur Hotel, Srinagar, Jammu & Kashmir 190001
Jharkhand
Go Colors Store – Ranchi
Address: Shop No. 1, Ground Floor, Nucleus Mall, Ranchi, Jharkhand 834001
Gujarat
Go Colors Store – Ahmedabad
Address: Shop No. 1, Ground Floor, Himalaya Mall, Himalaya Complex, Ahmedabad, Gujarat 380015
Go Colors Store – Surat
Address: Shop No. 1, Ground Floor, Rahul Raj Mall, Adajan, Surat, Gujarat 395009Go Colors Store – Vadodara
Address: Shop No. 1, Ground Floor, Inorbit Mall, Vadodara, Gujarat 390007
Haryana
Go Colors Store – Gurgaon
Address: Shop No. 1, Ground Floor, Ambience Mall, Gurgaon, Haryana 122002
Go Colors Store – Faridabad
Address: Shop No. 1, Ground Floor, Omaxe City Centre Mall, Faridabad, Haryana 121003
Karnataka
Go Colors Store – Bangalore
Address: Shop No. 1, Ground Floor, Forum Mall, Koramangala, Bangalore, Karnataka 560034
Go Colors Store – Mysore
Address: Shop No. 1, Ground Floor, Garuda Mall, Mysore, Karnataka 570001Go Colors Store – Mangalore
Address: Shop No. 1, Ground Floor, City Centre Mall, Mangalore, Karnataka 575001
Maharashtra
Go Colors Store – Mumbai
Address: Shop No. 1, Ground Floor, Inorbit Mall, Malad, Mumbai, Maharashtra 400064
Go Colors Store – Pune
Address: Shop No. 1, Ground Floor, Phoenix Market City Mall, Pune, Maharashtra 411028
Go Colors Store – Nagpur
Address: Shop No. 1, Ground Floor, Centre Point Mall, Nagpur, Maharashtra 440015
Kerala
Go Colors Store – Kochi
Address: Shop No. 1, Ground Floor, Lulu Mall, Kochi, Kerala 682030Go Colors Store – Thiruvananthapuram
Address: Shop No. 1, Ground Floor, Jawahar Bal Bhavan, Thiruvananthapuram, Kerala 695001
New Delhi
Go Colors Store – Connaught Place, New Delhi
Address: Shop No. 1, Ground Floor, N Block, Connaught Place, New Delhi 110001
Go Colors Store – Vasant Kunj, New Delhi
Address: Shop No. 1, Ground Floor, Ambience Mall, Vasant Kunj, New Delhi 110070
Go Colors Store – Rohini, New Delhi
Address: Shop No. 1, Ground Floor, Metro Walk Mall, Rohini, New Delhi 110085
Madhya Pradesh
Go Colors Store – Indore
Address: Shop No. 1, Ground Floor, Treasure Island Mall, Indore, Madhya Pradesh 452010Go Colors Store – Bhopal
Address: Shop No. 1, Ground Floor, Aashima Mall, Bhopal, Madhya Pradesh 462023
Odisha
Go Colors Store – Bhubaneswar
Address: Shop No. 1, Ground Floor, Esplanade One Mall, Bhubaneswar, Odisha 751007
Puducherry
Go Colors Store – Puducherry
Address: Shop No. 1, Ground Floor, Puducherry Centre, Puducherry 605001
Punjab
Go Colors Store – Ludhiana
Address: Shop No. 1, Ground Floor, MBD Neopolis Mall, Ludhiana, Punjab 141001
Go Colors Store – Amritsar
Address: Shop No. 1, Ground Floor, Alpha One Mall, Amritsar, Punjab 143001
Rajasthan
Go Colors Store – Jaipur
Address: Shop No. 1, Ground Floor, World Trade Park Mall, Jaipur, Rajasthan 302001
Go Colors Store – Jodhpur
Address: Shop No. 1, Ground Floor, Umaid Heritage Mall, Jodhpur, Rajasthan 342001
Telangana
Go Colors Store – Hyderabad
Address: Shop No. 1, Ground Floor, Inorbit Mall, Hyderabad, Telangana 500081
Go Colors Store – Warangal
Address: Shop No. 1, Ground Floor, Chandana Brothers Mall, Warangal, Telangana 506002
Uttarakhand
Go Colors Store – Dehradun
Address: Shop No. 1, Ground Floor, Pacific Mall, Dehradun, Uttarakhand 248001
Madhya Pradesh
Go Colors Store – Arera Colony
Address: 10 Number Stop, Arera Colony, Bhopal, Madhya Pradesh.
Uttar Pradesh
Go Colors Store – Lucknow
Address: Shop No. 1, Ground Floor, Phoenix United Mall, Lucknow, Uttar Pradesh 226010
Go Colors Store – Noida
Address: Shop No. 1, Ground Floor, Great India Place Mall, Noida, Uttar Pradesh 201301
Go Colors Store – Agra
Address: Shop No. 1, Ground Floor, Vegas Mall, Agra, Uttar Pradesh 282007
West Bengal
Go Colors Store – Kolkata
Address: Shop No. 1, Ground Floor, South City Mall, Kolkata, West Bengal 700068
Go Colors Store – Siliguri
Address: Shop No. 1, Ground Floor, City Centre Mall, Siliguri, West Bengal 734005
Go Colors Store – Durgapur
Address: Shop No. 1, Ground Floor, Durgapur City Centre Mall, Durgapur, West Bengal 713216
Tamil Nadu
Go Colors Store – OMR, Chennai
Address: Plot No. B, Door No. 5/354, Rajiv Gandhi Road, Old, Mahabalipuram Road,
Thoraipakkam, Chennai – 600097
Go Colors Store – Pallikaranai, Chennai
Address: #190 Velachery Road, Opp. Infant Jesus Church, Pallikaranai, Chennai – 600100
Go Colors Store – Selaiyur 2, Chennai
Address: Plot No. 47, Agaram Main Rd., Ranganatha Nagar, Balaji Nagar, Selaiyur, Chennai – 600073
Go Colors Store – Nehru Nagar, Chennai
Address: 399, Rajiv Gandhi Salai, Nehru Nagar, Perungudi, Chennai – 600096
Go Colors Store – Coimbatore
Address: No. 56, Beside Fabindia, Near Income Tax Office, Race Course, Coimbatore, Tamil Nadu
Go Colors Store – Madurai
Address: Shop No. 1, Ground Floor, Vishaal Mega Mall, Madurai, Tamil Nadu 625020
Market Size Projections – Market Trend
The casual wear segment, particularly women’s bottom wear, is expected to witness robust growth, with estimates suggesting a market size reaching Rs. 1,00,000 crores by 2025. This presents a golden opportunity for new investors to capitalize on the expanding market.
Conclusion
I cover all the details about the Go Colors franchise business, Now its time to take a decisions / discuss with your thought. Investing the Go Colors franchise have the advantages & disadvantages analyse in the proper way take a decision. The Go Colors franchise remains an attractive opportunity for investors looking to enter the women’s apparel market. With its strong brand presence, dedicated support system, and growth potential, Go Colors offers a promising path to success for those willing to invest in this thriving segment.
PS: Please help me improve my content, share your feedback by clicking any of the emojis below 👇
