|
Established
2015
|
Franchise Started
2019
|
Owned Outlets
150
|
Franchise Outlets
1
|
Investment
₹20 L – ₹30 L
|
Space Requirement
800 sq ft
|
Brand Profile
Cars24 facilitates purchase of used cars
Single Unit Investment for CARS24
| Sl | Heading | Description |
|---|---|---|
| 1 | Expected Investment | ₹20 L – ₹30 L |
| 2 | Investments Includes |
Franchise Fee: 354000
Equipments: Around 3.5L Furniture and Fixtures: Around 3.5L Advertising / Marketing |
| 3 | Capital Investment | 15 lakhs |
| 4 | Expected Payback Period | 12-14 months |
| 5 | Expected ROI | 50-60%% |
Master Franchise Investment for CARS24
| Sl | Heading | Description |
|---|---|---|
| 1 | Expected Investment | |
| 2 | Franchise Fee | |
| 3 | Investments Includes |
Furniture and Fixtures
Advertising / Marketing |
| 4 | Capital Investment |
Important Points for CARS24 Franchise
| Sl | Heading | Description |
|---|---|---|
| 1 | Franchise Training Program |
Training Program available for the franchisee
Software-Hardware Support included in the Franchise Fees |
| 2 | Franchise Training Venue | Head Office |
| 3 | Franchise available in Regions |
Central
Eastern Northern Southern Western North-East All India |
| 4 | Area/Site Preference | 0 |
| 5 | Minimum Floor Area needed | 800 sq ft |
| 6 | Term of Franchise Agreement |
3 years Franchise Agreement is renewableRenewal period: 3 years |
| 7 | Other Important Points |
Minimum Guarantee given: First 3 months
Facility provided Master Franchise Available Site Select Help given |
Frequently Asked Questions — CARS24 Franchise
The expected investment for a CARS24 franchise is ₹20 L – ₹30 L. This includes franchise fee, equipment, furniture & fixtures.
For the CARS24 franchise, the expected payback period is 12-14 months and the expected ROI is 50%.
CARS24 provides a training program for franchisees conducted at the Head Office.
A minimum floor area of 800 sq ft is required to open a CARS24 franchise outlet.
Currently, CARS24 does not list a Master Franchise opportunity. Single-unit franchise is available.
The CARS24 franchise agreement term is 3 years. The agreement is renewable (renewal period: 3 years).
CARS24 operates in the Automotive sector. It is listed on Franchisezing under Automotive franchise opportunities in India.