Red Tape Franchise Cost in India: Fees, Requirements, Apply Process

Do you want to start a shoe shop in your city? Then, you might like the Red Tape Franchise. As of 2024, Red Tape has more than 390 lavish stores all over India. Red Tape is a famous clothing brand that promises to give customers the best international styles, great quality, and super comfortable clothes at good prices. It started in 1996 and was one of the first Indian brands to be sold in the UK and US. Since then, Red Tape has been getting better and better. Let’s explore Red Tape Franchise Cost in India: Fees, Requirements, Apply Process.

Red Tape Franchise Fees

If you want to start a Red Tape Franchise in your area, you’ll need around 1 to 1.25 crore rupees. Here’s what you’ll need to cover:

• You don’t have to pay a franchise fee.
• You’ll need to put down a refundable security deposit of 50 lakh rupees. This deposit is used by the company to provide stock for your store.
• Setting up the entire store will cost between 70 to 75 lakh rupees. This includes things like flooring, ceilings, furniture, branding, civil work, and equipment.
• The cost of the shop itself will depend on its size and location. For example, if you want to open in a mall or a busy area, it could cost between 5000 to 7000 rupees per square foot for an 800 to 1000 square foot space.
• You’ll also need to budget for hiring staff, including one sales manager and 2-3 other staff members.

If you decide to stop running the franchise, the company will refund your security deposit based on the remaining stock.

Requirements for Red Tape Franchise

To start a Red Tape Franchise in India, you need to follow these requirements:

• Register your company as either a sole proprietorship, LLP, or Pvt Ltd.
• Obtain a trade license from your local municipality.
• Get a Shop & Establishment Registration from the state government.
• Register for GST.
• Provide your previous bank statement or income tax returns.
• Consider getting business insurance if necessary.

Additionally, you’ll need a commercial property with these specifications:

• Minimum 1000 sq ft carpet area.
• Minimum 25 ft frontage.
• Located in a city with a population of over 500,000.
• Preferably situated in a busy area like a High Street, mall, or developing area catering to the middle class.
• Your filing area should be at least 700 sq ft, and you’ll need a stockroom of at least 300 sq ft.

Apply Process for Red Tape Franchise

To get a Red Tape franchise, follow these steps:

• Fill out the form.
• The company will then contact you for more information.
• Once everything’s sorted, you can start your franchise.

Apply Here:

Red Tape Franchise Contact Details

• Website: https://redtape.com

You can reach Red Tape through:

• Toll-free number: +91 7836850000

Email: customercare@redtapeindia.com

Visit their official website.

Red Tape (Mirza International) corporate office is at:

A-7, Mohan Co-operative Industrial Estate, Mathura Road, Delhi 110044.

Red Tape Franchise Profit

The profit you make from a franchise depends on many things like where it’s located, how much it costs to hire workers, and the rent for the space. Your profit comes from how much you sell. If you sell a lot, you make more money. At the start, there’s no set goal for how much you need to sell each month, so you can focus on serving your customers well. There are many different products in this company, each with its own profit margin. On average, you get 25% of the money you make each month. You can expect to earn back the money you invested in 12 to 15 months.

Conclusion

We believe this post about ‘Red Tape Franchise’ will help you begin with your business journey. We’ve covered the basics of this franchise. It’s the most profitable one. You’ll be confident in your decision to start it. Go ahead and reach your goal. Keep in mind that details like investment may vary by location, so we can’t guarantee the investment part. If you find more information, please share it with us. Share your thoughts, and we’ll share more effective franchise opportunities in India. Stay tuned for more franchises. Thank you for reading!