How To Get The Lenskart Franchise?

Lenskart is an Indian eyewear company that primarily operates online but also has a network of physical retail stores across the country. It was founded in 2010 by Peyush Bansal and is headquartered in Faridabad, Haryana, India. Lenskart offers a wide range of eyewear products, including prescription eyeglasses, sunglasses, contact lenses, and eyewear accessories. They have a large collection of frames from various brands, as well as their own private label.

One of the notable features of Lenskart is their “Try Before You Buy” program, where they send selected frames to customers for a trial before they decide to purchase. They also offer a 3D Try-On feature on their website and app, which uses augmented reality technology to virtually try on glasses.

In this blog post, we will explore the Lenskart Franchise business opportunity in India, its potential, and how to start a successful Lenskart Franchise.

About the Owner of Lenskart:

The owner and co-founder of Lenskart is Peyush Bansal. He founded Lenskart in 2010 and has played a significant role in its growth and success. Peyush Bansal is an entrepreneur and business leader who has been instrumental in shaping the direction of the company.

Under his leadership, Lenskart has expanded its operations, introduced innovative features like home try-on services and 3D Try-On, and established a strong online presence in the Indian eyewear market. Peyush Bansal’s vision and business acumen have contributed to Lenskart becoming one of the leading eyewear companies in India.

About Company Details:

Website :https://www.lenskart.com
Type :Public Company
Industry :Technology, Information and Internet
Founded :In 2010 by Piyush Bansal
Headquarters :Faridabad, Haryana
Specialties :Eyewear, Eyeglasses, Sunglasses, Contact Lenses, Power Sunglasses, Optical, Retail

Why choose lenskart franchise?

Choosing a Lenskart franchise can have several benefits for entrepreneurs and business owners. Here are some reasons why one might consider a Lenskart franchise:

Established Brand: Lenskart is a well-known and popular brand in India, with a strong presence in the eyewear market. Associating with a recognized brand can provide a competitive advantage and attract customers.
Growing Industry: The eyewear industry is experiencing significant growth due to increased awareness about eye health and changing fashion trends. Investing in a Lenskart franchise allows individuals to tap into this growing market and benefit from its potential.
Extensive Product Range: Lenskart offers a wide range of eyewear products, including prescription eyeglasses, sunglasses, contact lenses, and eyewear accessories. The diverse product portfolio ensures a broader customer base and more opportunities for sales.
Online and Offline Presence: Lenskart operates both online and offline, providing customers with the convenience of shopping through their website or app as well as in-store experiences. This multi-channel approach caters to different customer preferences and expands the reach of the franchise.
Technological Innovation: Lenskart has been at the forefront of leveraging technology in the eyewear industry. Features like home try-on services and 3D Try-On using augmented reality enhance the customer experience and set Lenskart apart from competitors.
Support and Training: Franchisees typically receive support and training from the franchisor. Lenskart is likely to provide initial training, ongoing assistance, and marketing support to help franchisees establish and operate their business effectively.
Network and Collaboration: Being part of a franchise network allows access to a community of fellow franchisees who can share insights, experiences, and best practices. Collaborating with other franchisees can provide valuable support and guidance.

Products of Lenskart:

Prescribed eyeglasses
Sunglasses
Computer glasses
Kids glasses
Contact lenses
Home eye test and trail

Cost and Investment Required:

Essentials Amount

Franchise fee Rs. 2 lakh
Software fee Rs. 36,000
Interiors Rs. 10 lakh

(Furniture, tiles, A/C, Displays, Storage, Music System)
Branding & Promotion Rs. 2.7 lakh
LCD Screen, Tablet, Laptop Rs. 2.5 lakh
Staff Training Expense Rs. 2 lakh
Optical Equipment Rs. 5 lakh

(Eye testing machine, other tools etc.)
Total Initial Investment Rs. 24.56 lakh

Requirements for Lenskart Franchise:

Invest at least :20-25 Lakhs.
Area least :300- 500 square feet

Profits & Margin:

the average monthly sale of any outlet is 9 Lakh and the commission on sale is 2.21 Lakhs

The profit margin on prescription glasses is 25%, sunglasses are 25%, and the contact lens is 13 %.

The ROI is 33% and ROI period is 2-3 years.

How to Apply For the Lenskart Franchise ?

To apply for a Lenskart franchise, you can follow these general steps:

Research and Preparation: Begin by researching Lenskart’s franchise requirements, terms, and conditions. Prepare a business plan and financial projections to demonstrate your readiness and suitability for the franchise.
Contact Lenskart: Reach out to Lenskart through their official website or contact information to express your interest in applying for a franchise. Provide your name, contact details, and a brief introduction about yourself and your background.
Initial Screening: Lenskart may conduct an initial screening process to evaluate your suitability as a franchisee. This may involve interviews, verification of credentials, and discussions about your financial capability to invest in the franchise.
Detailed Application: Once you pass the initial screening, Lenskart will likely provide you with a detailed franchise application form. Fill out the application form accurately and provide all the required information, including your personal details, business experience, financial information, and proposed location for the franchise.
Background Checks and Evaluation: Lenskart may conduct background checks, including reviewing your business and financial history, to assess your eligibility as a franchisee. They may also evaluate your proposed location for the franchise and its potential for success.
Franchise Agreement and Financials: If your application is approved, you will receive a franchise agreement from Lenskart. Carefully review the terms and conditions, financial obligations, and any ongoing fees associated with the franchise. Seek legal and financial advice if necessary to understand the agreement fully.
Signing the Franchise Agreement: If you agree to the terms and conditions, sign the franchise agreement and submit it to Lenskart along with any required initial franchise fees or deposits as per the agreement.
Training and Setup: Once the agreement is signed, Lenskart will provide you with training and guidance on setting up your franchise location. This may include product knowledge, store operations, marketing strategies, and other relevant aspects of running a Lenskart franchise.

Lenskart Franchise Contact Details:

Lenskart Corporate Office

Address: Vatika Mindscapes Building,7th Floor, Sector 27d, Faridabad-121001.

Email ID- beafranchise@lenskart.in

Contact No.- +91-92118 44000 / 9555510896

Website- https://partners.lenskart.com/

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Disclaimer: The information provided is for general purposes only and does not constitute professional advice. The author and publisher do not guarantee the accuracy or completeness of the content. Business decisions should be made after thorough research and consultation with professionals. The mention of specific companies or products does not imply endorsement. Financial estimates are based on available data and may change. The author and publisher are not liable for any actions taken based on the content. Readers are advised to independently verify information before making business or financial decisions.