There is high demand for footwear business in the country. You can start a shoe store with multiple brands or you can partner with any shoe brand and start an exclusive brand footwear store.
In this article, we will give you complete information about the Paragon Franchise. This article contains all the topics related to the Paragon Franchise, which includes Paragon Franchise cost, profit margin, shop space required, licenses, and registrations, whom to contact, etc.
Why choose Paragon Franchise?
Established in 1975, Paragon is one of India’s leading footwear brands. Initially, Paragon started its business in the state of Kerala, then expanded to other Indian states.
Paragon is a pan India company with 500+ dealers across India, delivering its product to every corner of the country.
The company has footwear manufacturing factories in Karnataka, Kerala, Tamil Nadu, and Telangana. In total, these factories have a production capacity of 400,000+ pairs of footwear per day.
Paragon’s product categories include slippers, flipflops, loafers, sandals, formal, casual, and sports shoes, bellie, etc.
Some of paragon’s well-known brands are paralite, slickers, escoute, paragon max, workaholic, Solea, Meriva, school world, fookids, etc.
Licenses and Registrations Required
These are the licenses and registrations required to start a Paragon Franchise in India.
- Company Registration – Sole proprietorship/LLP/Pvt Ltd
- Trade Licence – from your local municipality
- Shop & Establishment Registration – from the state government
- GST Registration
- Previous bank statement / Income Tax Returns Returns
- Business Insurance if required
If you lack capital, you can take a business loan from banks like SIDBI bank.
Space required for Paragon Franchise
You require a minimum of 900 to 1200 square feet of space to start a Paragon showroom in India. You need space for a showroom and adjoining warehouse to store stock.
Paragon Franchise Cost
To start a Paragon showroom, you need to invest 15 to 20 lakh rupees.
Consider this amount only if you own a store. If you are planning to start a franchise in a rental space, you will need to add a store security deposit in addition to the amount mentioned above.
The breakdown of the amount is as below,
- Franchise Fee or deposit to company -> 2 lakhs
- For Purchasing Initial Stock -> approx. 8 to 12 lakhs
- Shop Interior -> 5 to 7 lakhs ( This includes furniture, racks, lighting, signage, computer systems, and all interior works)
- Miscellaneous expenses -> 1 lakh
- Shop security deposit -> Extra. (If you do not own the shop. This varies from city to city.)
The ongoing expenses include Shop rent, Staff salary, adding inventory, utility bills, etc.
Profit Margin in Paragon Franchise
You can expect a 25% to 30% profit margin in the Paragon franchise. This margin usually varies from one type of product to another, but on average, we can consider this amount.
How to get Paragon Franchise?
Paragon registered office is located at,
PARAGON, 45A, Peenya industrial area 2nd phase, Bangalore, Karnataka 560058.
FAQ about Dealership
How much space is required to start a Paragon footwear franchise?
You require a minimum space of 900 to 1200 square feet of shop space
Investment required to start a Paragon Franchise?
You need to invest around 15 to 20 lakh Indian rupees
What is the profit margin in Paragon Franchise?
You can expect a profit margin of 25% to 30%
How to contact Paragon?
You can call their toll free number +91 80 283 600 67
I hope this guide to ‘Paragon Franchise’ will help you get started. If you have any additional suggestions, feel free to mention them in the comments section below. If you like this article then kindly share it with your friends.
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