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LA Sovereign Bicycles Pvt Ltd. was established in 2006 and is a first ever joint venture between Thailand & India based companies to market Bicycles & kids toys of very high quality & world class designs to the Indian consumers. 'Sovereign' is an Indian based company and have been in the bicycle trade for the last 50 years. The company has a strong brand presence in the Indian and Export market & are one of the leaders in the trade. The company has attained high level of technical expertise in manufacturing & marketing over the years.
Value Proposition of the Franchise model:
- Well known brand: LA Sovereign is a pioneer in the bicycle industry since 2006. The Indian counterpart, Sovereign have been in the Bicycle trade for the last 50 years.
- Imported & Premium products: All products are premium in quality which are imported from Thailand and Sri Lanka.
- Extensive Support and continuous Training: The franchisor will assist in multiple issues like keeping the right stock, advise of local marketing etc. Continuous training support will be provided to the franchisee from international bike experts.
- Customer Centric: Large range of bicycles starting from INR 4,000 to INR 2,95000 catering to all ages and classes of people with prompt after sale service through 24 hours helpline.
- Additional Support: The brand will provide certain additional benefit to the franchisee in terms of trip to Thailand for training, absorbing the logistics cost of the franchisee and reimbursement of local marketing expenses in terms of credit notes.
- High End Bike on credit: The franchisee need not purchase the high end bike on a cash down basis. The brand will provide high end bikes on credit to the Franchisee.
Support to the Franchisee:
- Blueprint and design of the outlets
- Efficient supply chain and logistics
- Training with International Bike experts
- Assistance in organizing of local promotional activities and events
- Taking care of quality of products/services delivered at the franchisee as well as to the end customers
Operations Commenced On : 2006
Date Commenced Frachising / Distribution : 2015
Are you looking for Franchise?
Area Investment Franchise/Brand Fee Royalty/Commission
Store Wise Rs. 20lac - Rs. 30lac 3.75 lakhs + S.Tax
Master / Multi Units
Area Investment Unit/Brand Fee Master/Brand Fee Royalty/Commission
Country Wise -NA- -NA- -NA-
Region Wise -NA- -NA- -NA-
State Wise -NA- -NA- -NA-
City Wise -NA- -NA- -NA-
What areas are available for Unit franchise? : State Wise
Where are you looking for expansion?
North West East South Center Union Territories
Jammu and Kashmir
Andaman and 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? :
What is the likely pay back period of capital for a unit franchise? :
Are there other investment requirements? :
What type of property is required for this franchise opportunity? :
Floor area requirement : NA -
Preferred location of unit franchised outlet:? :
Do you currently have detailed Operating Manuals for franchisees? : No
Where is the franchisee training done? :
Is field assistance available for franchisees? : No
Will someone from Head Office assist me when I open my franchise? : No
What IT systems do you presently have that will be included in the franchise? : No
Do you have a standard Franchise Agreement? : No
How long is the franchise term for? : --
Is the term renewable? : No