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  • Area Req
    - Sq.ft
  • Investment Range
    INR Rs. 20lac - 30lac
  • Franchise Outlets
    No Outlets
Business Details

About Bike Studio by LA Sovereign:

LA Sovereign Bicycles Pvt Ltd. was established in 2006 and is a first ever joint venture between Thailand & India bsed companies to market Bicycles & kids toys of very high quality & world class designs to the Indian consumers. Sovereign is an Indian based company and have been in the bicycle trade for the last 50 years. The company has a strong brand presence in the Indian and Export market & are one of the leaders in the trade. The company has attained high level of technical expertise in manufacturing & marketing over the years.

Value Proposition of the Franchise model:

  • Well known brand: LA Sovereign is a pioneer in the bicycle industry since 2006. The Indian counterpart, Sovereign have been in the Bicycle trade for the last 50 years.
  • Imported & Premium products: All products are premium in quality which are imported from Thailand and Sri Lanka.
  • Extensive Support and continuous Training: The franchisor will assist in multiple issues like keeping the right stock, advise of local marketing etc. Continuous training support will be provided to the franchisee from international bike experts.
  • Customer Centric: Large range of bicycles starting from INR 4,000 to INR 2,95000 catering to all ages and classes of people with prompt after sale service through 24 hours helpline.
  • Additional Support: The brand will provide certain additional benefit to the franchisee in terms of trip to Thailand for training, absorbing the logistics cost of the franchisee and reimbursement of local marketing expenses in terms of credit notes.
  • High End Bike on credit: The franchisee need not purchase the high end bike on a cash down basis. The brand will provide high end bikes on credit to the Franchisee.

Support to the Franchisee:

  • Blueprint and design of the outlets
  • Efficient supply chain and logistics
  • Training with International Bike experts
  • Assistance in organizing of local promotional activities and events
  • Taking care of quality of products/services delivered at the franchisee as well as to the end customers

Investment Details

Commenced Operations

Operations Commenced On 2006

Franchising / Distribution Commenced On 2015

Franchise Details
Units

Investment INR Rs. 20lac - 30lac

Royalty/Commission Rs. 20lac - 30lac

Expansion Locations
stateWise

Bike Studio by LA Sovereign

North

Delhi,Haryana,Himachal Pradesh,Jammu and Kashmir,Punjab,Uttaranchal,Uttar Pradesh

West

Gujarat,Rajasthan,Maharashtra,Goa

East

Assam,Meghalaya,Mizoram,Tripura,Arunachal Pradesh,Manipur,Nagaland,West Bengal,Sikkim,Odisha

South

Kerala,Karnataka,Tamil Nadu,Andhra Pradesh,Telangana

Union Territories

Andaman and Nicobar,Pondicherry,Chandigarh,Lakshadweep,Daman and Diu

Franchise Details

Anticipated percentage return on investment 40%

Likely pay back period of capital for a unit franchise

Other investment requirements No

Property Details

Type of property required for this franchise opportunity

Floor area requirement - Sq.ft

Preferred location of unit franchise outlet Mohali

Training Details

Detailed operating manuals for franchisees No

Franchisee training location Mohali

Is field assistance available for franchisee ? Yes

Expert guidance from Head Office to franchisee in opening the franchise Yes

Current IT systems will be included in the franchise Yes

Agreement & Term Details

Do you have a standard franchise agreement? Yes

How long is the franchise term for? Life

Is the term renewable? Yes



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