Top 10 Best Optical Franchises in India 2023- Best Eyewear Brands Franchise
Introduction to Optical Franchise Business
According to some sources, more than 29% percent of people in India wear glasses. On the other hand, around 250 million people in India do not have easy access to affordable glasses. People have been using more digital products these days and that became one of the reasons why they are losing eyesight.
Best Optical Franchise Details for 2023
You must select the best optical franchise if you are willing to get one optical franchise. This is where various optical franchises in India come in and solve problems for millions. Currently, there are so many optical franchises that are operating around the country. If you have enough land and budget then opening up an optical franchise could be profitable for you.
Now, before thinking to open any optical franchise in India you must do proper research. One must gain enough knowledge related to the field so that you do not face any problems later on. Make sure you do not fall into the trap of any fraudulence.
With zeal, hard work, and effectiveness you can achieve anything that you want. Now, further, in this article, we will talk about the top 10 best optical franchises that you can go trustfully.
Why an eyewear franchise business?
There could be various reasons why you should choose and not choose an eyewear franchise business. The top running franchise industry running in India is healthcare and medicine. As we mentioned earlier, more than 250 million people do not have easy access to affordable eyewear. This is where you could come in and choose the right franchise and open up in your area.
It will not only be profitable for you but, you will earn loyalty from customers. In India, when it comes to the optical industry there is big room for any new business to get in and capture the market. Additionally, the eyewear brands that have already captured the market have already gained huge goodwill in the market.
When you open an eyewear franchise in India you open an established and reputable brand. You become a part of a reputable brand offering one of the best products for customers. Interestingly, you get a long list of benefits from the parent company and a huge range of products as well.
Opening up an eyewear franchise requires less investment as compared to other franchises in India. Additionally, the return on investment is quicker and highly profitable in a country like India.
Advantages of Eyewear/Optical Franchise in India
You not only earn a huge profit margin but, a long list of benefits as well. Interestingly, opening up any franchise in India will get you unique advantages and benefits. In the same way, there are various advantages of opening an eyewear franchise in India. Some of the advantages of opening an eyewear or optical franchise in India are the following:-
- Increase in Demand - What if you open up a franchise whose products will always be in demand? Yes, eyewear franchises are expected to continue to get customers and product orders based on the customer’s tastes and preferences. People love to keep up with the latest trend and so with eyewear. As per some genuine sources, around 2 million glasses are sold in the country every day.
- Profit Margin - Major control is not offered when you open an eyewear franchise but, the profit margin is always at your hand. The more sales you make the better your profit margin becomes for you. Other than that, the profit margin kept by almost every eyewear brand is higher than you can think it to be.
- Low-Cost investment - When you expect a huge profit margin you need to invest more. But, that is not the case with eyewear franchises. Most eyewear franchises require less investment to open. Now, this investment is compared to other industries such as medical, food, car-washing, and many more.
- Premium designs- When you select an eyewear franchise you get the chance to look at premium designs. The parent company takes care of the design process and provides it to you.
- Untouched market- Around 80% of the optical market is still unrecognized or people do not know about them. So, this is a great chance for you and the franchise you choose to set up a business and spread awareness. This is where you can explore a large number of options in the industry and earn profit.
Top 10 Best Eyewear Franchises in India
1.Lenskart
The Co-Founder of Lenskart Franchise Peyush Bansal is known by all through the famous show, Shark Tank. Lenskart has found the problem and gave its solution to the Indian people. It is India’s quickest eyewear company. Additionally, the services offered by Lenskart are no doubt the best in the industry.
| Business name | Lenskart |
| Brand Fee | Rs 224000 |
| Area required | 300-500 square feet |
| Investment | Rs 20-30 lakhs |
2.Coolwinks
Very few people might have heard of this beautiful eyewear franchise. It is one of the best optical franchises in India. It is an online retailer of eyeglasses and sunglasses. The company was founded a few years back in 2016 and has earned a huge profit in these years. So, opting for such a franchise would surely not be a bad idea.
| Business Name | Coolwinks |
| Franchise Cost | Rs 20-30 lakhs |
| Area required | 200-300 square feet |
| Royalty fee | Not available |
3.Titan Eye Plus
Titan is a Tata product and we all trust Tata products. Titan EyePlus offers Indian customers world-class eyeglasses and frames. People believe Titan EyePlus offers a wider field of view while others are limited. This eye brand was started back in 2007 and has opened up over 478 franchises in India.
| Business name | Titan EyePlus |
| Franchise Cost | Rs 30 lakhs to 1.5 crore |
| Area required | Minimum 500 square feet |
| Profit Margin | 36% |
4.Himalaya Optical
Himalaya Optical is one of the leading and largest optical retail chains in India. Interestingly, Himalaya Optical has tie-ups with other international brands. Now, if you are planning to open such a franchise then you may gain international customers.
| Business Name | Himalaya Optical Franchise |
| Franchise Cost | Rs 15-50 lakhs |
| Area required | 450 square feet |
| Profit margin | 36% (first year) 195% (second year) |
5.GKB Optical
GKB is one of the largest optical retail stores present in India. It started its online store in India back in 2011 and now has opened over 60 international stores. Getting one of such franchises would surely be a dream for many. You not only earn huge profits but, the customer base will be huge.
| Business Name | GKB Optical Franchise |
| Franchise Cost | Rs 30-50 lakhs |
| Area required | 600-1500 square feet |
| Profit margin | Not available |
6.Vision Express Private Limited
Vision Express is a British brand but, they have tied up with none other than Reliance Retail Limited. Interestingly, this optical store is offering franchise options to the ones willing to open one. Other than their tie-up with Reliance, they are also tied up with Grand Vision, which is a European optical company.
| Business Name | Reliance Vision Express Private Limited |
| Franchise Cost | Rs 50-60 lakhs |
| Area required | 400-600 square feet |
| Profit margin | Flat 35% |
7.Specsmaker
Specsmaker Optical Private Limited is currently India’s leading high-quality eyewear maker at an affordable price. The mission of this company is to offer the most advanced, comfortable, and affordable eyewear to Indian consumers. Interestingly, this brand focuses on offering products that are of the reasonable price tag.
The satisfaction level offered by this company is just the best. Specsmaker currently operates more than 250 retail stores around the country. Their stores are present in Chennai, Bangalore, Hyderabad, Coimbatore, Guntur, Hosur, and many more.
| Business Name | Specsmaker Optical Private Limited |
| Franchise Cost | Rs 20 lakhs |
| Area required | 500 square feet |
| Profit margin | Solid returns after two years of 200% |
8.Lensfit Franchise
Lensfit was founded back in 2017 in Hyderabad. The company believes to change the world of people who cannot see. It is a tech-focused multi-channel eyewear manufacturing company. This company has led its brand and products quite efficiently through various social media platforms.
Interestingly, the vision of this company is to offer a clear and better vision to those who have eyesight problems. This company operates its own optical lab where patients can have a check-up of their eyes. Other than that, they do it at a reasonable rate and provide prescribed lenses to those who have an eye problems.
| Business Name | Lensfit |
| Franchise Cost | Rs 15-20 lakhs |
| Area required | 200-500 square feet |
| Franchise fee | Rs 1-2 lakhs |
| Profit Margin | 35% |
9.ClearDekho
CleaDekho is one of those retail eyewear franchises that are still offering Rs 1 frames to customers. Ever since this eyewear company was established the have been constantly growing. They offer high-quality products at a very reasonable price tag. Interestingly, they have delivery options to small towns and villages as well.
Today, this brand has grown by 1300% within three years of its presence. Using their platform you can have either an online or offline shopping experience. If you are willing to take their franchise then you will get everything on their official website.
| Business Name | ClearDekho Franchise |
| Franchise Cost | Rs 15-17 lakhs |
| Area required | 200-300 square feet |
| Profit margin | 36% |
| Return on Investment | 30-36 months |
10.Akku ka Chasma
Yes, it is a Hindi name and is becoming quite famous in today’s Indian market. This optical business was first started way back in 2009 in offline mode. They made their online presence in 2013 as akkukachasma.com.
Currently, this eyewear company has become India’s eyewear business today. The company is looking for customers who will help them open up retail stores, doctor chain stores, and a marketing team. Now, this is a great chance for you to open up their franchise or fill in other requirements as well.
| Business Name | Akku ka Chasma |
| Franchise Cost | Rs 10-12 lakhs |
| Area Required | 100-500 square feet |
| Profit margin | 35% of total sales |