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How Much is a Snitch Franchise Cost, Profit Margin & Investment Details?

How Much is a Snitch Franchise Cost, Profit Margin & Investment Details?

By Startup Authority

Snitch is a fashion-centric brand that was founded in 2018 by Siddharth Dungarwala. Initially, Snitch began as a B2B brand for men’s apparel, but later on, it shifted to a D2C model. The primary reason for this transition is believed to be the Covid-19 pandemic.

About Snitch Franchise

Snitch started off with a team of 4 members and 40 products over the years the product grew its name and is now selling over 1000 products with over 20,000 visitors on its website every day. The company usually focuses on the generation of Gen Z and X who are often eager to be trendy but are also money conscious.

Over the years, Snitch has grown from having 4 members to now having a team of 40. This growth can be attributed to Snitch’s commitment to using only the finest materials in their products. As a result, the end products are of exceptionally higher quality, than those of other brands in the same price range.

Snitch’s dedication to producing top-quality products has earned them a brand name that delivers on its promises, and this has helped them to establish a strong presence in the market.

How to start a Snitch franchise?

A new player in the retail industry, Snitch, recently launched its first store in Jayanagar, Bengaluru on July 4. The brand aims to shift the focus of customers from online shopping to in-store experiences.

Snitch has experienced significant growth over the years, and its appearance on Shark Tank has further boosted its popularity.

The brand wishes to spread its reach on the south Indian market and most of its orders come up from Bangalore and Hyderabad and other south Indian states. The brand has clearly stated its interest in opening up franchises in Chennai and Hyderabad and is projected to open over 8 outlets in this financial year 2023.

The application process is simplified by Snitch as all the details regarding opening up of the franchise can easily be accessed by contacting Snitch directly through Instagram.

Is Snitch Franchise a good option to start?

India is a very fashion centric market. Snitch’s main aim was to focus on Gen Z and X generation whose main focus is to get trendy on fashion at an affordable rate. Snitch was widely popular through its online stores with more than 20,000 website visits everyday.

So, considering a Snitch franchise is an easy ladder to climb towards a profitable business for sure.

Does Snitch provide franchise?

Snitch recently entered into the retail market this year in July. The first outlet of Snitch was set up in Banglore. The brand is planning to establish its franchise in south Indian states like Chennai and Hyderabad, with an aim of reaching 8 outlets at the end of the financial year.

Yes, Snitch is providing franchise opportunities to the entrepreneurs who are wishing to connect with the brand name of Snitch and grow with it.

How to get a franchise of Snitch Company?

Snitch is a growing men’s fashion centric brand, the demands are rising significantly over the years. Snitch is projecting to open 6 to 8 stores over the financial year 2023 in South India.

In order to get a franchise for Snitch, you can contact Snitch directly on Instagram or by calling the toll free no +91 6364430800.

Investment Required for a Snitch Franchise

Snitch has started its own retail franchise opening up its first outlet in Bangalore. The initial cost varies on the location. Normally cost of Rs.20 lakhs to 30 lakhs which covers up the cost of establishments as well.

Snitch provides training and helps in advertisement for the franchisee as well.

Franchise cost & Requirements Snitch Franchise

Normally it costs around Rs. 20- 30 lacs in establishing a fashion centric franchise in India. The cost and the equipment varies from their geographical location.

An area of 2000 square ft to 2500 square ft is required in establishing the Snitch Franchise. The company is mainly focusing on establishing its brand in 2-3 states in India over this financial year.

Alternatives of Snitch franchise

India has a huge market in fashion and also occupies a huge base of fashion centric customers. Given that it’s also very important to note that there are numerous alternatives to the Snitch franchise in India. Whether through Indian brands or other international brands. Some of the fresh and similar business models as snitch are:

    • Bonkers Corner

    • The house of rare

    • Westside

    • Bewakoof

    • Urban Monkey, etc.

Advantage and disadvantage of a Snitch Franchise

Selection of the right brand is often not that easier than it seems. Likewise owning a franchise for Snitch has its own advantage as well as its own set of disadvantages.

Advantages of owning a franchise in Snitch :

Fresh Brand

Snitch is a recently established brand in retail that brings a fresh perspective to the retail market. The brand’s newness provides a wide range of opportunities for innovation and creativity, which can help Snitch stand out in the competitive retail industry.

With the freedom to experiment and the potential to introduce new ideas, Snitch has the ability to bring in new styles and build a unique identity for itself in the market.

Growth in Customers

Snitch owned a huge share of customers in the online store. The brand has always stood up in providing the best customer experience. With the loyalty of online customers Snitch has the potential to grow and expand into the offline market as well.

Cost Advantage

The brand focuses on providing quality products at a very reasonable rate. The products are of high quality which really adds up as a plus point on the brand value.

Disadvantages of Snitch Franchise

Trust

Snitch is a recently launched retail brand in India, catering to a wide range of customers. As a new player in the market, people who are newly introduced to the brand may be hesitant to trust it completely.

It is natural to have some doubts and apprehensions when trying out something new, but Snitch aims to earn the confidence and loyalty of its customers through its quality products and exceptional customer service.

Competitions

Snitch is a fashion-centric model, so the brand possesses huge competition in the market. Lots of brands that are exceptionally well are in competition with the brand. So making sure that the brand is innovating new ideas is essential to set a foothold in the market.

Contact details for a Snitch Franchise

    • Visiting their customer support portal

    • Calling +91 6364430800