Nike Franchise Cost in India, Nike Brand Details, How to Apply for Franchise?, How to Start?, Company Contact Details
Nike Franchise Cost in India: Nike is a US-based multinational company headquartered in Oregon. And Nike produces a wide range of sports equipment. Their first products were track running shoes. Currently, the company offers shoes, jerseys, shorts, cleats, base layers, etc., for a wide range of sportswear. The Nike Association sells an assortment of products including footwear and apparel for sporting activities such as football, basketball, running, combat sports, tennis, American football, athletics, golf, and cross-training for men, women, and children. Certainly, it is a reputed brand. As of now, the company is the world’s largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment. Nike sells its products in over 130 countries worldwide including India.
Nike Company Details
Bill Bowerman and Phil Knight founded the company in the year 1964. Formerly, it was known as Blue Ribbon Sports. Officially, it was Nike Inc. in 1971. became. The company has spent millions of dollars to make it a popular brand around the world. Some of the most popular sports personalities including Michael Jordan and Illy Nastase were brand ambassadors for Nike.
The world’s largest Nike store is in London. The total area of the store is approximately 42,000 square feet. After the year 1980, Nike expanded its product line to include many sports and territories around the world.
If you are looking for a Nike Franchise opportunity in India, then you are at the right place. The property can help you in getting the best footwear franchise opportunity.
People are very interested these days because of the high-paying nature of Nike. And they are not getting the right opportunity to enter the shoe brand industry. Footwear is a constantly evolving sector and it also has good earning potential.
About the Nike Franchise
The business of Nike shoes was started in 1964 by Bill Bowerman in America. It was formerly known as Blue Ribbon Sports and it changed its name to Nike in 1971. And Nike now has a strong worldwide distribution network, multiple exclusive showrooms, and hundreds of multi-brand outlets. So it is a well-known brand in the sports shoe industry.
Generally, opening a Nike shoe outlet requires a property with the following specifications:
Property Type Required for this Franchise Opportunity – Commercial
Unit Franchisee Outlet Preferred Location – High Street
The brand arranges regular training for all the new franchise owners which covers every important detail of operating the footwear franchise business in India. The content ranges from creating the right environment to successfully building and managing operations. Nike Shoes Group helps franchise owners with IT, marketing, selling skills, footwear industry basics, budget spending, leadership, recruitment, and retention techniques.
Is Nike’s Franchise Business Profitable?
Nike operates a win-win franchise model for entrepreneurs. This model is profitable in itself and provides a minimum guarantee of return on investment.
Typically, the company works with property owners or retailers who wish to retail their products through their outlets. Also, the company encourages the closure of stores if they are non-performing in that particular area.
What is Nike Franchise Cost in India?
Certainly, this is an expensive opportunity. First, you need a large retail space in a prime location with a wide window. And then, you need startup investment for franchise fees and inventory.
If you have an existing store, you can also sell Nike products. In that case, you have to apply for the distributorship. In any case, you must have an investment potential of Rs 50 lakh to Rs 1 crore before applying for a Nike franchise.
The cost of acquiring a Nike franchise ranges between INR 50 Lakh to 1 Crore, which includes the cost of loading the franchise and initial inventory. Costs can increase with the inventory and interior of the store. The second requirement is the brick-and-mortar store, which requires ample space with the specific requirement of the largest window for the front display. The store should be in a prime location of a commercial area such as a city market, commercial square, mall, and more.
Another business opportunity with the brand is its distributorship. If you already own a store and are willing to make substantial investments and not primarily a franchise store, you can opt for a dealership. With an investment in inventory, you can become a distributor of stocks and products such as shoes, apparel, and more to distribute in your city or region.
Nike’s brand value is undoubtedly high and comes with high maintenance and costs to acquire a franchise and high inventory costs. However, higher profits are guaranteed in the face of higher costs and are expected to be back and amplified in no time. The brand’s franchise also comes with an agreement, allowing Nike to allow franchise stores to suffer losses or not perform as expected.
How to Apply for a Nike Franchise?
You have to apply online. In addition, you can approach the Regional Head Office in India. And Nike has country-wise regional head offices in each country where they operate.
In the application form, you have to give every detail about your business. The list may include the type of organization, ownership pattern, capital investment, the license you have, etc. Applications received by Nike are reviewed in the order they are received and will notify you when you are shortlisted. This is a bit lengthy process. So you may have to wait a month or two.
What are the chances of a Nike franchise?
Nike’s business opportunities are wide due to its brand image, significant worldwide presence, superior quality, and revolutionary products. The brand also partners with online stores to sell its products and offers franchises and dealerships. The franchise model and brand distribution are profitable with guaranteed very quick investment returns.
The frenzy around new lines, brand classics, and new innovative products consistently continues to sell in every part of the world, ensuring a profitable venture with franchises and dealerships.
How to start a Nike Franchise?
To start a Nike franchise or become a retailer, you can submit your offer by writing to the company on their website or on their official mail. Nike India Private Limited’s office is located in Bangalore, and business and franchise aspirants can also contact the office for the same. Another option is to contact a local and regional distributor to book a company for a franchise or even a distributorship.
An application should be submitted along with the details of your business location and your proposal for the franchise, which should include ideal storage space with the assurance of fulfillment of prerequisites and much more. Applicants for distributorship need to mention the business license they already hold, their business model, and all other business details including address, capital, and much more.
After submitting the application, the applicant can hear from the company in a few weeks. Response times may be delayed due to the volume of applications the company receives and returns on a first-come, first-serve basis.
Nike India Contact Details
Nike Consumer Services
000 800 100 9538
Nike India Pvt. Ltd.
Ground and 1st Floor
Olympia Building, No 66/1
Bagmane Tech Park
CV Raman Nagar
1800 102 6453
The Nike franchise is a profitable opportunity for both new entrepreneurs and existing shop owners. However, study the local market before taking the final decision and investing money
Conclusion: Nike Franchise Cost in India
A Nike franchise is a profitable opportunity for both new entrepreneurs and existing shop owners. However, study the local market before making a final decision and investing money.
FAQs on Nike Franchise Cost in India
Does Nike Offer Wholesale?
If your application is approved, your store will be an authorized Nike retailer. So this allows you to buy their products at wholesale prices, either directly from Nike, or from an authorized wholesaler. This does not allow you to sell Nike products online as an authorized reseller
Who is Nike owned?
Nike co-founders, Phil Knight, and his son Travis Knight, along with the holding companies and trusts that they control, own more than 97% of outstanding Class A shares. So this allows the Knight family to exercise effective control of Nike, even though it is a publicly traded business.
Where is Nike’s biggest factory?
Most Nike shoes are made in China. According to a report, there are 72 factories where Nike shoes are produced in China, which is about 15% of the total number of their factories. With 30 styles of shoes, factories in China manufacture 42 styles of Nike apparel which are then distributed around the world.
Is Nike made in India?
Nike has contracts with over 700 stores worldwide and has offices located in 45 countries outside of the United States. Most of the factories are located in Asia, including Indonesia, China, Taiwan, India, Thailand, Vietnam, Pakistan, the Philippines, and Malaysia.
Is Nike a Franchise Business?
Nike does not grant suffrage in the traditional sense. In other words, it does not provide entrepreneurs with the opportunity to open their own Nike stores.