The eCommerce market in India is one of the largest markets and a huge contributor to the economy. According to a report published in the Economic Times, the eCommerce sector is expected to cross 84 billion USD by 2021. To tap into this huge market, Japanese based designer brand, Miniso have opened their retail chain in India.
Miniso is renowned for its high-quality and curated products available at affordable prices. If you are looking to start your own business, then please read this article until the very end. We’ll be giving you all the information you need about how to open a Miniso franchise, what are the benefits, how to apply etc.
History of The Brand Miniso
Miniso is a Japanese brand co-founded by Mr.Miyake Junya and Mr.Ye Guofu in Tokyo, Japan. The basic philosophy behind brand Miniso is “Simplicity, Nature and good quality”. Miniso became quite popular with customers in Japan for its intelligent consumer products.
Another major highlighted that added to its brand’s popularity is the introduction of the policy of updating its product list every seven days. Launched in 2013 and owned by the Miniso Industries Co. Ltd, Miniso started opening its stores in India by August 2017. At present, Miniso is operational in more than 60 countries with more than 2600 stores across the world.
What is The USP of Miniso?
Miniso attracted the attention of consumers across the world through its lifestyle and fashion items. One of the main USP of Miniso is that you cannot purchase Miniso products online as they strongly believe in a brick and mortar business model. It is because the founders believed that to gain the trust of customers, you need to treat them personally which is not possible through online sales. Miniso comes with a diverse collection of products ranging from:
- Bags and accessories
- Health and Beauty
- Gifts and stationery
- Seasonal products
- Household products
Another major highlight that makes Miniso one of the leading lifestyle brands in India is that all their products are economically priced and cheap. The founders of Miniso started the company to provide quality and intelligent products at affordable prices. Hence, you can find most of the products found at Miniso cannot be found elsewhere and are very innovative and creative and yet affordable.
Why Should You Take a Miniso Franchise in Your City?
Miniso is a popular brand and currently looking to expand its outlets to Tier two and three cities in the country. Since the brand is already well-known among the people in the age-group of 28-40, you can see a lot of footfalls for digital and electronics, perfumes and other lifestyle products.
And you don’t need to spend money on making the brand popular among the consumers as Miniso has already invested heavily to make the brand famous across the country. Miniso is planning to set up more warehouses and aggregating its local contacts with dealers to produce goods at affordable prices. This will not only increase the sales for Miniso but will also help the owners of the franchise make huge profits as well.
Requirements for Starting a Franchise of Miniso in India
If you are looking to start a Miniso franchise, then please read carefully the requirements that need to be fulfilled:
To start a Miniso franchise, you need to have a minimum area measuring around 900 – 1100 square feet in a prime commercial area or inside a shopping mall.
Experience & Skills
To start a Miniso franchise, the owner needs to have some experience in running a successful business and possess leadership skills to run the store successfully. The staffs need to have some basic knowledge about computers for billing and knowledge about welcoming customers and handling them in a courteous manner.
Miniso will supply every franchisee with a detailed instructional manual that provides every information you need to know about the rules and regulations to run a franchise, product information, pricing structure, etc.
A team from Miniso also provides infield training for staff at the beginning to make them get acquainted with the products and how to handle customers etc.
Investment – How Much Does a Miniso Franchise Cost in India?
The total cost required to open the franchise may vary between 70-90 lakhs that include the franchise fee, royalty fee, working capital and cost to set up the store.
How to Apply for Miniso Franchise?
To get a Miniso Franchise, you can directly email them or call them to inquire more about how to take a Miniso franchise in India.
Miniso India Franchise Contact Details
Email – firstname.lastname@example.org
Phone number: +91 8586968006
Further Reading – How to Take Dealership of Patanjali Products
Miniso is a one-stop-shop for lifestyle and fashion items and one of the leading retail stores in India. The main aim of Miniso is to provide customers with creative and innovative products at affordable prices. People starting a Miniso franchise can break even in less than 18 months.
But remember there is huge competition to obtain the Miniso franchise in India and if you need to make a successful bid for a franchise, then the location of the store is highly important. Since Miniso products are only available in retail stores, it is extremely important to have the store located in a prime commercial area.
If you are looking to start a business of your own, then this the perfect time to start your own Miniso franchise. Hope we’ve given every information you need to open a Miniso franchise. If you have any question or suggestion then feel free to let us know by commenting below.