Hotline: 1800 102 2007
X
Search Business Opportunities
Dec, 13 2017

Wonderchef Plans To Expand Its Business With Three More Stores

According to Research and Markets’ latest report, the kitchen appliances market recorded strong growth

Chef Sanjeev Kapoor owned kitchen appliance brand Wonderchef is planning to expand its retail footprint in the city with three more stores. This is a part of the larger plan to set up 40 company-owned stores across the country in the next two years, at an investment of close to Rs 20 crore.

Ravi Saxena, managing director, Wonderchef said “Gurgaon is our largest market, with the highest average selling price, of Rs 3,800. The city also accounts for 5% of our total online sales, which is huge. At present, the company has one store in Gurgaon, which opened doors a few weeks ago. Target customers in Gurgaon are conscious about design and want premium products that help make healthy food, such as soup makers and juicers”.

Company, which has a turnover of Rs 200 crore, has 10 stores in India and also sells through multi-brand retail outlets, a direct sales network of 50,000 women, teleshopping and ecommerce channels. It is targeting touching a turnover of Rs 500 crore by 2020.

According to Research and Markets’ latest report, the kitchen appliances market recorded strong growth, with a CAGR of over 13% during the review period of 2011-16. It is forecast to grow at a double-digit CAGR of 15.41% during 2017-22.

The growth is on account of rising per capita disposable incomes especially upper and lower middle income groups that continues to drive the market.

Comment
Related opportunities
  • Quick Service Restaurants
    About Us: Cafe social is focused on providing a safe and..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Other Vocational Training
    National Award Winner for Year 2017,having 45+ centres across India..
    Locations looking for expansion New Delhi
    Establishment year 2009
    Franchising Launch Date 2012
    Investment size Rs. 5lac - 10lac
    Space required 1200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New Delhi New Delhi
  • Electronics and Electrical Components
    About Us: We are Manufacturers, Suppliers and Distributors of SENSORS and SENSING..
    Locations looking for expansion Maharashtra
    Establishment year 2014
    Franchising Launch Date 2014
    Investment size Rs. 50 K - 2lac
    Space required 70
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai suburban Maharashtra
  • Cosmetics & Beauty Product Stores
    About Us: Vega Industries Private Limited, Launched in 2000, formerly known..
    Locations looking for expansion New Delhi
    Establishment year 2001
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 50
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi New Delhi
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
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities