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Bicycle

Bike Studio

  • Area Req
    N/A
  • Investment Range
    USD 1,000,000+
  • Franchise Outlets
    Less than 10
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

Area- NA -

Investment USD 1,000,000+

Franchise/Brand Fee - NA -

Royalty/Commission- NA -

Expansion Locations

Dhaka

Franchise Details

Exclusive territorial rights to a unit franchise No

Performance guarantee to unit franchisee No

Anticipated percentage return on investment - NA -

Likely pay back period of capital for a unit franchise 0- Month

Other investment requirements - NA -

Property Details

Type of property required for this franchise opportunity Commercial

Floor area requirement - NA -

Preferred location of unit franchise outlet - NA -

Training Details

Detailed operating manuals for franchisees No

Franchisee training location

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? 5-No of years Year

Is the term renewable? Yes

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