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The Loot (India) Private LimitedRetail
No. of Franchise Outlets: 35
Investment: Rs. 20lac - Rs. 30lac
The LOOT started in the year 2004 as a “Value Retail” format. Post the launch and the stupendous success of the first store in the year 2004, The LOOT has set up 65 outlets, which are currently operational. In the year 2005, The LOOT was nominated in “India Fashion Forum” for the best value store in India; and again in 2006, The LOOT was nominated in “India Retail Forum” for the best value store in India. In the recent “India Retail Forum” 2007, The Loot was nominated in the below mentioned categories
Most admired retailer of the year: Retail Marketing Campaign
Most admired retailer of the year: Retail design and visual merchandising
Most admired retailer of the year: Innovative concept
As per The Franchising World (2008), The Loot is amongst the Top 50 business opportunities in India.
The Loot was selected one amongst the 12 ‘Small ideas big changes’ series in The Hindustan Times in Mumbai.
Currently The Loot is nominated in the TATA NEN hottest startup awards.
The Loot’s strength as a retailer lies in proper procurement & an excellent supply chain management. This helps in getting better pricing from the manufacturer and thereafter passing the benefit on to the consumer. The LOOT currently offers the right mix of men’s and women’s semi-formal, formal, casuals, sports category of garments, footwear & accessories, kids wear etc.
The LOOT currently operates 65 stores in cities like Mumbai, Delhi, Jalandar, Amritsar, Pune, Surat, Ahmedabad, Aurangabad, Navi-Mumbai, Mysore, Bangalore, Jabalpur, Raipur, Jalgoan, Solapur, Ahmednagar, Lucknow, Ghaziabad, Vapi, Ambala, Bikaner, Jaipur, Udaipur, Goa ,Nashik etc... Shortly opening stores in cities such as Indore, Patna, Kutch, , , Faridabad, Nagpur, Pune (Fatima Nagar, Satara Road, M.G. Road) Guwahati, and Mumbai (Lokhandwala, Santacruz and Kalyan) are on the anvil.
To propel the growth of the company and to move to the next level, The LOOT has invested skillfully in IT. The company focus is also on personnel training and great emphasis is being laid on preparing the back end to take growth to about 100 stores by the year 2008-09. A modern fully equipped and technologically upgraded warehouse has been set up at bhiwandi, which can accommodate about 8-10 lacs pieces of merchandise to meet the growing demands of the expansion.
Start-up Location : 2004
Date Commenced Frachising / Distribution : 2006
Are you looking for Franchise?
Area Investment Franchise/Brand Fee Royalty/Commission
Store Wise Rs. 20lac - Rs. 30lac
Are you looking for Trade Partners (Dealers, Distributors, MBOs, Retailers)?
What areas are available for Unit franchise? : Nationwide
Where are you looking for expansion?
North West East South Center Union Territories
New Delhi, Haryana, Himachal Pradesh, Jammu and Kashmir, Punjab, Uttaranchal Gujarat, Rajasthan, Maharashtra, Goa Assam, Meghalaya, Mizoram, Tripura, Arunachal Pradesh, Manipur, Nagaland, West Bengal, Sikkim, Orissa Kerala, Karnataka, Tamil Nadu Chhattisgarh, Madhya Pradesh, Bihar, Jharkhand Andaman & Nicobar, Pondicherry, Chandigarh, Lakshadweep, Daman and Diu
Is there exclusive territorial rights given to a unit franchise? : No
Are any performance guarantees given to unit franchisees? : No
What is the anticipated percentage return on investment? : 28-34%
What is the likely pay back period of capital for a unit franchise? : 24 months to 36 months
Are there other investment requirements? : 0
What type of property is required for this franchise opportunity? : Ground floor / Ground + First floor.
Floor area requirement : 1000 sq. ft. onwards . (1 Sq Meter = 10.76 Sq Ft.)
Preferred location of unit franchised outlet:? : on a high street, a little off from the high street is also fine. There should be no branded store
Do you currently have detailed Operating Manuals for franchisees? : Yes
Where is the franchisee training done? :
Is field assistance available for franchisees? : Yes
Will someone from Head Office assist me when I open my franchise? : Yes
What IT systems do you presently have that will be included in the franchise? :
Do you have a standard Franchise Agreement? : Yes
How long is the franchise term for? : 5 years
Is the term renewable? : Yes