Looking for a solid investment in wedding dressing clothing? Looks no further delay. Manyavar brand is the right business opportunity. In the blog, you find the manyavar franchise investment details, manyavar franchise required documentation, about, growth of the clothing market. Let breakout the investment details.

Franchise Brand Profile:

Manyavar Franchise investment details:

• Initial Investment: The initial investment required to start a Manyavar franchise business is Rs. 40 Lakhs – 1 Crore, which includes the cost of setting up the store, inventory, and other initial expenses.
• Business Setup Time: The business setup time for a Manyavar franchise is within 90 days, ensuring that franchisees can start generating revenue quickly.
• Employee Required: A Manyavar franchise requires 3 to 10 employees, depending on the size of the store and the volume of business.
• Royalty Fee: The royalty fee for a Manyavar franchise is 15%, which is a reasonable fee considering the brand’s strong reputation and the support provided to franchisees.
• ROI/Break Even Period: The ROI/break even period for a Manyavar franchise is 1.5 to 2 years, making it a viable investment option for entrepreneurs.

Required Documentations to start Manyavar franchise: 

1. Franchise Agreement
2. Proprietor Aadhaar Copy
3. Proprietor Photo
4. Proprietor / Business PAN Copy
5. Business TAN Copy
6. GST Registration Certificate
7. Proprietor / Business Address Proof
8. Unit / Shop Address Proof
9. NOC of Unit / Shop

About Manyavar Brand:

Founded in 1999, Manyavar began by revamping men’s ethnic wear and has grown into a leading Indian brand for celebratory clothing. They offer a wide range of traditional outfits for men and women, including kurtas, sherwanis, lehengas, and sarees, catering to weddings, festivals, and other special occasions. With a strong focus on marketing and advertising, Manyavar has become synonymous with branded Indian celebration wear, and even expanded into women’s clothing with their sister brand Mohey, making them a one-stop shop for families seeking stylish attire for any festive event. Manyavar, a leading ethnic wear brand, offers franchise opportunities for entrepreneurs looking to invest in the wedding dress market. With over 450 stores, including 12 overseas, and 60 big outlets spread across 173 cities in India and abroad, Manyavar has become a household name in ethnic wear.

Growth and Futures looks of Wedding market in India:

The Indian wedding dress market is expected to grow at a CAGR of 6.6% from 2024 to 2030, reaching a size of US$ 18.54 billion by 2030. Factors driving the growth include increasing disposable incomes, high wedding spending, a large fashion-focused young population, and the entry of local and international players.

Wedding Dress market size in India:

According to a recent report, the Indian wedding dress market was valued at US$ 11.85 billion in 2023. Source: Maximizemarketserach 

The wedding dress market in India exhibits regional variations in terms of consumer preferences, cultural traditions, and spending patterns. Major metropolitan cities are key markets for premium and luxury wedding dresses.

Why the Manyavar brand?

In a country where weddings and festive occasions are celebrated with grandeur, Manyavar occupies a special place in the hearts of millions. By aligning yourself with this esteemed brand, you’re not just selling clothing; you’re becoming part of cherished memories and traditions that span generations.

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Benefits of Manyavar Franchise:

• Strong Brand Presence: Manyavar is a well-established brand with a strong reputation in the Indian wedding industry, providing franchisees with a co
• mpetitive edge.
• Wide Range of Products: Manyavar offers a wide range of products, including traditional and contemporary wedding attire, catering to the diverse needs of Indian brides and grooms.
• Strong Distribution Network: Manyavar has an extensive distribution network, ensuring that franchisees have access to a wide range of products and can cater to the needs of their customers effectively.
• Training and Support: Manyavar provides comprehensive training and support to its franchisees, ensuring that they are equipped to manage their business effectively.
• Global Presence: Manyavar isn’t just big in India; it’s making waves internationally too. With stores in the USA, Nepal, Bangladesh, and UAE, Manyavar’s reach knows no bounds.

Pros of Manyavar Franchise:

• Strong Brand Presence: Manyavar is a well-established brand with a strong reputation in the Indian wedding industry, providing franchisees with a competitive edge.
• Wide Range of Products: Manyavar offers a diverse range of traditional and contemporary wedding attire, catering to the varied needs of Indian brides and grooms.
• Comprehensive Training and Support: Manyavar provides thorough training and support to its franchisees, equipping them with the necessary skills to manage their business effectively.
• Marketing Support: Manyavar offers marketing support, including local advertising, digital marketing, and event promotions, to help franchisees attract customers and grow their business.
• Business Setup Time: With a business setup time of within 90 days, franchisees can start generating revenue relatively quickly after signing the agreement.

Cons of Manyavar Franchise:

• High Initial Investment: The initial investment required to start a Manyavar franchise can range from Rs. 40 lakhs to 1 crore, which may be a significant financial commitment for some potential franchisees.
• Royalty Fee: Manyavar charges a royalty fee of 15%, which can impact the overall profitability of the franchise business.
• Space Requirement: The space requirement of 1000 sq. ft. for the store may limit the options for potential franchisees who do not have access to suitable retail space.
• Competition: The wedding attire market in India is competitive, with several established and emerging players vying for market share, which may pose challenges for new franchisees.
• Franchise Agreement Duration: The specific duration of the franchise agreement with Manyavar is not explicitly mentioned, which may lead to uncertainty for potential franchisees regarding the long-term commitment required.

Also read this: Blinkit franchise program | Royalty fee & ROI more details

Conclusion:

Starting a Manyavar franchise business is a lucrative opportunity for entrepreneurs looking to venture into the wedding attire market. With a strong brand presence, a wide range of products, and comprehensive training and support, Manyavar franchisees can expect to benefit from the brand’s reputation and customer loyalty.

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