Top 5 Best Clothing Franchises in India for 2023
Introduction
Clothing is something that we cannot get rid of and will never go out of demand. Therefore, several upcoming clothing franchises are coming with unique clothing styles for customers. In a country like India which is a densely populated country, clothing franchises could be a major success.
There are several reasons to go for a clothing franchise in India. Clothing franchise in India has been quite profitable after the COVID-19 lockdown. People have been buying or keeping up with the latest clothing trend forever. Further in this article, we will talk about the best clothing franchise in India for 2023.
Why Clothing Franchise Business in India?
We all love wearing new and the latest-styled clothes and they will surely not go out of demand. The only problem faced by today’s clothing startups is competition has increased. It is always better to open up a renowned franchise in India so it becomes easier for the individual to earn. The profit margin in the clothing business or franchise is very good.
Due to generation or trend change, the clothing industry will only create revenue. Companies need to update themselves by bringing trendy clothes to the market. This is one of the reasons why opening up a well-reputed clothing franchise will be profitable in India.
Benefits of Clothing Franchise Business in India
Opening up a clothing franchise has more advantages than disadvantages. The first stage investment is surely quite high but, the annual turnover will be much higher. Now, some of the benefits of opening a clothing franchise are given below:-
- Less headache on marketing since everything will be done by the franchisee
- The quality of products will be taken care of by the brand itself.
- The franchisor will provide full technical and other support to the franchisee.
- Most clothing brands share a good amount of revenue with the franchisee owner.
- The eligibility criteria to open up a clothing franchise are very basic and easy. This helps the franchisee to start working early as the whole process becomes easier.
Top 5 Best Clothing Franchises in India for 2023
Raymond Franchise
Raymond is one of the most renowned textile industry companies in India. This company was founded way back in 1925, this Indian-branded fabric and fashion retailer produces more than 30 million meters of wool fabrics. It is headquartered in Mumbai, Raymond is known to be the biggest woolen fabric maker in India. The total investment to open up a Raymond franchise directly depends on the geographical area.
| Franchise Name | Raymond Limited |
| Agreement | 5 years (renewable) |
| Area requirement | 600-1200 square feet |
| Franchise/Brand Fee | 6 lakh-10 lakh |
| Minimum frontage area required | 15 feet |
| Royalty Fee | NA |
| Return on Investment | 20% |
| Location | Main market |
| Franchise Establishment year | 1968 |
| Total Investment required | 25-50 lakh |
Jockey International
Jockey International is one of the famous clothing franchises in India. It has a strong customer base all over the world. The Jockey franchise are available in more than 1100 locations in India. The company was founded back in 1876, its headquarters are located in Kenosha, United States. The USP of Jockey International is “Good quality innerwear clothing”.
| Franchise Name | Jockey International |
| Area required | 1344 square feet |
| Royalty Fee | Nil |
| Franchise established in India | 1994 |
| Profit Margin | 120 lakhs per annum 30-35% |
| Franchise Fee | Nil |
| Royalty Fee | Nil |
| Total Investment | 45-50 lakhs |
Arvind Franchise
Arvind franchise is the world’s leading cotton fabric industry. Arvind is one of the highest-rated brands in India. It can be clearly understood that the business done by Arvind will grow rapidly in the future. Interestingly, Arvind is one of the first companies to introduce Denim in India. The interested individual must have a huge investment planned to open up such a reputable franchise.
| Franchise Name | Arvind franchise |
| Unit/Brand Fee | 20 lakhs |
| Franchise established in India | 1931 |
| Area required | 750-1500 square feet |
| Franchise Tenure | 3 years |
| Infrastructure investment | 30 lakhs-2 crore |
| Profit margin/revenue sharing | 10% |
| Number of franchise outlets in India | 100-200 units |
| Total Investment fee | 30 lakh-2 crore |
Mufti Franchise
This famous clothing franchise started targeting the men’s audience in India. Interestingly, the business was started by Kamal Khushlani way back in 1998. Khushi started this famous clothing business by taking a 10,000 dollars loan from his aunt.
He started producing and manufacturing some men’s clothing like sweaters, shoes, jackets, blazers, and many more. Today, the brand ambassador of this clothing brand is none other than Kartik Aryan.
Today, Mufti has a great turnover annually and the business is doing quite well. People interested in their ever-growing businesses are opening up franchises in many locations. Four years earlier the company declared that it would focus more on athleisure apparel. The details for its franchise are given in the table below:-
| Franchise Name | Mufti franchise |
| Shop or area required | 2000-3000 square feet |
| The commission was given to the franchisor | 25% |
| Return on Investment Time Frame | 2-4 years |
| Franchise founded year | 1999 |
| Time is taken to set up a franchise | 30 days |
| Total franchise fee required | 2-4 lakhs |
| Total investment required | 15-20 lakhs |
Monte Carlo Fashions Limited
Monte Carlo is another famous Indian clothing franchise. It was founded by one of the famous flagship companies Oswal Woolen Mills Limited. Monte Carlo is known for selling unique and highly attractive t-shirts, shirts, sportswear, shorts, dresses, trousers, and many more. Interestingly, the franchise is so famous that you require a good investment budget to set up one.
| Franchise Name | Monte Carlo Fashions Limited |
| Franchise year of establishment | 2004 |
| Area required | 1000 square feet |
| Franchise fee | Nil |
| Franchise training program | Yes |
| Agreement | Renewable |
| Site/Area preference | Commercial |
| Expected Return on Investment | NA |
| Total expected investment | 20-30 lakhs |
Conclusion
The clothing industry is one of those industries which will always be a good business option. Even though there are various factors that would determine the success of the clothing industry the profit earned would be decent and fair. If you ever have an open space and a huge investment in mind then start a clothing franchise as soon as possible.