For Franchise

Hover was launched in the year 2016 in Texvalley, Erode. Since then the brand has grown by leaps and bounds with its precise strategies. Hover is one of the superior brands for classy home linen and decor products, possessed by Live Home. Had been the novelty of home fashion in the Indian market and stood up with a desire of creating retail stores throughout India by dint of yielding franchise. Hover's core strength is in the area of  bed linen, bath linen, kitchen linen and floor coverings technologies and we will continue to innovate on that. Hover follows a multi-channel retail strategy as we believe in going, where the customer shops. We believe in developing all the channels and growing in a steady manner without over exposure.


Service offered :

Quality control

Inventory maintaining

Training.

investment details

company started -2016

Franchise commenced on -2020

Area required

Investment

Location

Remarks

800-1500sq ft

25-30 lacks

High street ,Malls and Highway

 

 

 

 

Franchise details :                      

Anticipated percentage return - 28 to 40%

Likely payback period of capital for a Unit Franchise- 1year -2year

TRAINING DETAILS

Detailed operating manuals for franchisees                                                                                                      Yes

Franchisee training locationOnsite

Is field assistance available for franchisee ?Yes

Expert guidance from Head Office to franchisee in opening the franchiseYes

Current IT systems will be included in the franchise                                                                                       Yes

 

 

AGREEMENT & TERM DETAILS

Do you have a standard franchise agreement?                                                                                             Yes

How long is the franchise term for?                                                                                                               5 Years

Is the term renewable?                                                                                                                                      yes

switching off Business after 5Year                           yes reaming merchandise(only) taken back on 20% Discount

Non Sold Goods will be taken Back once in 6month period and refill with new product .

inventory refilling                                                                                                                                                   Every week

 

Project Projection on Sales

 

Location :

High street and Malls

approximate visitor for the store 50 to 100people  average conversation of visiting people as customer 90%

Average billing for a person 2000rs

Approximate billing value for 60people 2000x60= 120000

Approximate  Total  billing value for Month  120000x30       =3600000

Approximate Gross profit for 40%                        = 1440000

Approximate  expenses

 Rent for the show room of 1000 sqft = 100000

salary for 2 person 25000x2 =50000

electricity and maintenance =50000

other expenses                                        =20000

 

value will be different according to the location and places

value mention above in INR

 

Why Hover :

 India's only Brand dealing with entire home collection and giving an margin of  mark down 28 to 40%

Think if you want to start an retail store in Textile you can't run the store with single products and you need to source different products from different places and also you need to work on minimum order quantity (MOQ) which will put you in high risk on investment and dead stock .Hover is working with 22 Exporters all around india and producing 180+products colours  and designs which will fullfill all your home needs .

 

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