Jun, 20 2014

Future Group to brighten its future via franchise route

Future Group, one of India’s retail pioneers is planning to expand its business via franchise route under the brand name Big Bazaar Direct (BBD).

By Franchise India Bureau
Future Group to brighten its future via franchise route

Future Group, one of India’s retail pioneers is planning to expand its business via franchise route under the brand name Big Bazaar Direct (BBD). The company targets to appoint over 50,000 franchisees over next three years with an ambition to reach out to small towns of India. Under this scheme, franchisees will be able to sell Big Bazaar products to their customers over 3G Internet enabled tablet. Presently, about 350 franchisees are associated with this initiative. This model has been launched in Maharashtra, Gujarat, Rajasthan, Uttar Pradesh and Delhi.

The initial investment for a BBD set-up is Rs. 3lakh and the commission to the franchisees ranges from 3 per cent to 15 per cent depending upon the product category. Vivek Biyani, Director, Future Group said: “The current number of consumers associated with Big Bazaar is about 30 crore and through BBD model we wish to add another 30 crore. We wish to expand our franchisees to 50,000 in the next three years. We have made investments in technology and supply chain network.

Future Group is a leading retail giant of India. It has over 16 million square feet of retail space, serving their customers in 95 cities across the country.  Apart from retail it has business across finance and service industry also.

Related: Pescafresh opens three stores in Delhi-NCR

Click Here to add Comment
Please add your Comment
Rating
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Sell Business 2017
Sell Franchise 2017
Daily Newsletter

Submit your email address to receive the latest updates on news & host of opportunities.

Most
Entrepreneur The Franchising World Retailer 2017




Recommended For You
Newsletter Signup
Submit your email address to receive the latest updates on news & host of opportunities.
Franchise India Holdings Ltd

Copyright © 2009 - 2017 Franchise India Holdings Ltd.

The information contained herein is of generic nature only, and Franchise India is not, by means of this website or any part thereof, rendering professional advice or services. Before making any decision or taking any action that might affect your finances or business, you should consult a qualified professional advisor. Your use of this website or any of its pages or links given, is at your own risk and you assume full responsibility and risk of loss resulting from your usage. With respect to use of the website, kindly visit www.franchiseindia.com/terms.

X

Tell us what you think!