Eyefoster, the renowned optical brand, made a remarkable announcement of launching a new franchise store in Silchar, Assam, which is a significant addition to its retail portfolio. Eyefoster has experienced tremendous growth since its launch in 2018, recording sales of over 200,000 glasses and becoming a big player in the eyewear industry. The new outlet in Silchar is a part of Eyefoster’s strategy of expansion, which includes expansion in Rajkot, Morbi, and Bhuj.
Eyefoster’s franchise model is designed to provide a low-risk, high-return investment opportunity to business-minded individuals who seek to become part of the eyewear industry. The start-up model with initial investment requirement of INR 14 lakh offers a lucrative payback period of 1.5 years and anticipated growth potential of 300-400% over 5 years. This, therefore, makes Eyefoster the right choice for those who want to invest in a rapidly emerging industry.
Partnering with Eyefoster also gives you an edge with its different zero percent royalty fee policy for the first six months. This move is one of the numerous Eyefoster’s efforts towards helping its franchisees through the critical first stage of their business. Further, the company runs on a FOCO (Franchise Owned Company Operated) basis that, in turn, abrogates the major operational tasks for franchise owners. This model gives Eyefoster the responsibility for advertising expenses and taking care of the stock rotation in a way that gets rid of stock risk and makes the operations of the franchisee smooth.
The fact that we are going to launch the store in Silchar speaks volumes of Eyefoster’s aspiration to provide affordable and quality eyewear to a larger audience. To cover more and more locations in India Eyefoster intends to meet the increasing demand for classy and functional eyewear. This expansion is not only a milestone for Eyefoster but also a boon for entrepreneurs in Silchar and beyond, offering them a golden opportunity to be part of a thriving franchise business with substantial growth prospects.
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