If you are planning to invest in a fast fashion franchise, then consider Zara. To be open and avowed, if there is any global fashion retailer that has succeeded in resisting the ugly market trends from beginning to till date, it’s none other than Zara. It is loved by most fashion-forward men as well as women shoppers not just for its reasonable prices and quality but also for its speedy customer response.
Besides implementing customer-centered policies, placing stores strategically at locations where they can’t go unnoticed by the public has added much to the success of Zara. One more interesting thing about Zara that you would less likely find in any other like businesses is that it spends minimum for advertisements.
Here we have briefly covered the company’s background, cost, and fees that an aspiring candidate is expected to possess so that he or she can own a Zara franchise:
1. Company profile
Back in 1975, the foundation of Zara was laid down by Amancio Ortega(2nd richest man in the world) and Rosalía Mera in Galicia, place located in the western corner of Spain. These days, Zara operates nearly in 90 countries including countries like India, USA, UK, Singapore, Canada etc
2. Franchise costs
While the required investment may differ or vary from country to country but on an average the amount is around $30,000 and $50,000 for equipment, fixtures, and furniture, making the total investment of $80,000.
3. Franchise fees
In addition to the initial investment which amounts $80,000, interested people will have to pay 5-10% royalty fees and 0.3% as advertising fees. For further details that include an ideal location for setup, profit margins etc, feel free to drop us a mail provided in our contact us page. We will be happy to address them.
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