How to Start Go Colors Franchise? Cost, Investment & Profit
- Thorough research and familiarize yourself with the brand - Not only for Go Colors, if you are planning to open a franchise for any other businesses, this should be your very first step. Make sure that you understand the Go Colors brand, its variety of product range, target market, and most importantly the business model. If possible visit their stores, explore their websites, talk to customers, talk to executives, and learn about their franchise and other business-related offerings.
- Contact the officials for franchise- When you have done a thorough research and is now sure that you will be opening a Go Colors franchise in India, now is the time to take a step further. Reach out to Go Colors franchise department through their official social media channels or website. Other than that, you could even use their contact details which are present on their website to show your interest for getting a franchise.
- Eligibility and qualification requirements- Make sure that you meet all the qualifications and eligibility criteria as per the company’s terms and conditions to get a franchise successfully. This may include factors like age limit, academic qualifications, medical background, business experience, and some necessary documents as well.
- Review franchise details- Study about the franchise investment structure very carefully. It is because, without proper investment, you will not be allowed to open one of their franchises. Go through their ROI timeframe, supports provided, training provided, and other relevant franchise details that you must know beforehand.
- Submit a application- After you have gone through all the major process that are required to open a franchise, now you take the very first step towards opening your own business. Yes, this is where you complete and submit a application form to the officials along with all the documents required. It will show to the officials that you are interested for their franchise.
- Be prepared for interviews or meetings- Officials of the company may call you for any meetings or interview process regarding your interest on opening one of their franchise. Make sure that you know everything major milestone and achievement about the company. Put your interest to the representative of the company so that they believe that you can be a good franchise owner of their brand.
What is Go Colors Franchise About?
Go Colors is a Chennai-based apparel brand which was founded back in 2011 by Mr. Gautam Saraogi and Mr. Prakash Saraogi. Ever since its establishment in the Indian market, they have been one of the most unique and successful apparel companies in the market. The brand is known for offering a wide range of women’s legwear products such as churidars, leggings, jeggings, walking pants, running pants, and many more. The brand prides itself as one of the top brands when it comes to apparel and the competitive price that they offer in. Go Colors offers a business opportunity to aspiring entrepreneurs who can own and operate their store. As a franchise owner of such a reputed brand, you will automatically benefit from the brand’s marketing support, training, customer base, brand image, and operational guidance. Opting for a Go Colors franchise is surely an excellent choice for those in the market who is looking to venture or put their step into the clothing retail industry.What is the Go Colors Franchise Registration Process?
The registration process to get a Go Colors franchise is very straight forward and easy. But, it’s better that you follow all the registration steps very carefully so that you do not make any mistake which you will regret later. Now, the registration process for Go Color franchise typically involves the following steps :-- Initial inquiry - This is the first and foremost step that no one will tell you about. Interested candidate or firms should express their interest in becoming a Go Colors franchisee by simply contacting them through their official website or social media platforms. Simply get to know about the franchise business model of the brand.
- Application form - The second step and is one of the most important steps that you need to take is by submitting an application form. One can easily do this by visiting the official website of the company and fill out the franchise inquiry form. The page will ask some basic details like first name, last name, email address, mobile number, and others.
- Evaluation process - Now, when you have submitted your application form after double-checking your information, this would be the time for the officials to evaluate your franchise application form. If they are interested then, you will receive a call from the franchise team of the brand to discuss regarding your business opportunity and application.
- Discussion and agreement- You might be called for an interview or group meeting, make sure you are ready for any questions which are thrown at you. Additionally, in this process the officials might also check that you fit in the requirements as per their terms and conditions or not.
- Franchise agreement - Once you have completed all the meetings or group discussions, you will be given the franchise agreement from the company. Make sure to check everything before you put your sign on it.
How Much Investment Required for Go Colors Franchise?
Investment is a very important aspect for a franchise business to operate and run successfully. One must also know that, the total investment to open any franchise can vary on the location, demand, store size, franchise type, and many more. But, the average investment required to start a Go Colors franchise in India is around Rs 15-20 lakhs. This investment also includes the following:-- Initial franchise fee - Rs 2 lakhs
- Security deposit - Rs 2 lakhs
- Store setup and inventory - Rs 8-10 lakhs
- Marketing and advertisement - Rs 1-2 lakhs
How Much Is The Go Colors Franchise Cost?
Franchise cost for Go Colors will typically include various and important expenses such as store setup costs, rental costs, electricity connection, rental deposits, initial inventory procurement, marketing expenses, and working capital requirements. So, the total franchise cost may be between Rs 10-15 lakhs.Where is the Head Office of Go Colors Franchise?
The head office of Go Colors is located in Chennai, Tamil Nadu, India.Go Colors Franchise Owners Reviews
Having a proven business model and business structure, franchise owners of this business were very happy and satisfied with the profit margin they are getting. Other than that, the after services being offered by the company is another great point that every franchise owners has opened up about. According to JustDial, Go Colors as a company has a overall rating of 4.0 out of 5 from 95 users. Customers who have visited their shop for any clothing apparel just loved them because of their price, quality, and of course the service.How Much is the Profit Margin for a Go Colors Franchise Owner?
The profit margin of a company is something that is directly linked to the sales you make. The more sales you make the more profit margin you will be earning from Go Colors business as well. The profit margin for a Go Colors franchise owner is around 20-25% on average. If you are willing to make more profit than the average amount then, you have to put more interest on footfall, location of the store, operational efficiency, marketing campaigns, cost management practises, and others.Go Colors Franchise Competitors & Alternatives
When it comes to clothing apparel, there are lots of competitors in the Indian market. Similarly, Go Colors has lots of competitors in the Indian market. Here’s an comparison of the investment requirements and profit margins of Go Colors franchise with its competitors:-| Company Name | Investment Details | Profit Margin (Average) |
| Go Colors | Rs 15-20 lakhs | 20-25% |
| Reliance Trends | Rs 20-30 lakhs | 25-30% |
| Pantaloons | Rs 25-35 lakhs | 20-25% |
| Lifestyle International | Rs 40-50 lakhs | 30-35% |
| Raymond Retail | Rs 50-60 lakhs | 35-40% |