Are you Interested and looking for an exciting opportunities in FMCG Store sector? What about starting your own business by taking a Retail Store franchise? You can do so by becoming a Har Hith Store Franchise.
In this guide, we’ll dive deep in to Har hith Store franchise with capital requirements, fee, profit, and step-by-step guidelines to get this franchise – and answer some common questions about the chain.
- Space required: Min. 200 Sq. ft.
- Franchise Fee: Nil
- Royalty Fee: Nil
- Security Deposit: Rs. 10000
- Busines Support Fee: Rs. 30000
- Agreement Period: 5 Years, renewable
- Initial Stock Purchase: Rs. 2 lacs
- Store Fixture: Rs. 75000 – 1 lacs
- Total Initial Investment: Rs. 3.15-3.40 lacs
Understanding the FMCG Industry Growth Prospects
FMCG Or Fast moving consumer goods is one of the highly demanding and ever-growing Industries across the globe. This segment is widely popular, highly competitive, and recession proof.
According to IBEF(Indian brand equity foundation), the Indian FMCG market was estimated to be worth USD 110 billion in 2020 and is projected to reach USD 220 billion by 2025, registering a remarkable CAGR growth of 14.9% over the forecast period of 2020–2025.
The enormous expansion in FMCG retail sector is partly due to rise in disposable income, penetration of retail malls to Tier2 and Tier 3 cities, E-ecommerce chains, making it a profitable and demanding sector.
Table of Contents
Overview of Har Hith Store
Founded in 2021 and supported by the Haryana Government and its Chief Minister, Har Hith Store is one of Haryana Agro Industries Corporation Limited’s flagship projects that provides in-store fit-out, product procurement, logistics, and IT support and skills training for opening retail stores.
The chain plans to open approximately 2,000 retail stores for food, personal care, and home care products (1,500 in rural areas and 500 in metropolitan areas), with a single objective to offer a unique platform to encourage entrepreneurship among the young & create employment possibilities.
Usually, HarHith store offers a wide range of FMCG brands and their products, including Packaged food, Home care, personal care and hygiene, and Tea and Beverages;
- Dabur
- Cadbury
- Colgate
- HUL
- Tops
- Everest
- Wheel
- Rin
- Coca-cola
- Rasna
- Bajaj
- Himalaya
- Lux
- Hpmc
- Parle
- and much more
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Benefits of Owning a Har hith Store franchise
Considering its growth prospects and demand, owning a government-supported retail store can benefit its franchisee unit holders in numerous ways. However, We have mentioned a few key aspects supporting to own a Harhith store franchise.
- Penetration in rural areas:
- The chain is planning aggressively to open several outlets in rural areas, which will allow a franchisee to acquire their local market by offering products at reasonable prices.
- Zero Royalty and Franchise Fee:
- Harhith store offers franchisee unit holders the to open an outlet at zero royalty and franchise fee, allowing them to gain a few extra profit margins.
- Low Investment and Higher profit margin
- The franchise offers a higher profit margin or a 10% margin on the overall sales mix at a low investment to its interested applicants, enabling the franchise to run this business seamlessly for long.
- Door step delivery at Stores:
- The entire range of products will be delivered at franchisee’s outlet that helps the unit holders to operate the store without worrying about product procurement and logistics.
- End-To-End Support:
- Har hith store franchise provides a complete support for interested applicants to open an outlets. Their premium support includes range of best selling products, IT Assistance & In-shop branding, schemes & Promotional discount, training and marketing support.
- Modern retail experience:
- Their stores are created and equipped with a correct retail outlook that gives customers a hassle-free mall experience.
- Mudra Loan Support:
- The franchise also provides mudra loan support to its interested applicants at low interest that enables them to gain financial aid at initial stage.
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How Much does a Har Hith Store Franchise Cost?
The Har Hith’s franchise cost breakdown is pretty straightforward. One should meet the requirements of the franchise to start an outlet;
Har hith store cost depends on model-by-model and their break-up is mentioned below;
Already built shop
| Particulars of Investment | Rural | Urban Small | Urban Large |
|---|---|---|---|
| Space Requirements | <= 200 sq. ft. | 200-800 sq. ft. | >= 800 sq. ft. |
| Security Deposit(Refundable) | Rs. 10000 | Rs. 25000 | Rs. 50000 |
| Business Support Fee(IT, POS machine, Training, etc.) | Rs. 30000 | Rs. 30000 | Rs. 30000 |
| Initial Stock Purchase | Rs. 2 lacs | Rs. 5-9 lacs | Rs. 18-20 lacs |
| Store Fixture | Rs. 75000 – 1 lacs | Rs. 3-4 lacs | Rs. 6-8lacs |
| Total Initial investment | Rs. 3.15 -3.40 lacs | Rs. 8.55 -13.55 lacs | Rs. 24.8 -28.8 lacs |
Prefabricated shop
This model can be opted if a franchisee partner doesn’t have an already built shop but has a viable space of <= 200 sq. ft.
| Particulars of Investment | Rural |
|---|---|
| Space Requirements | <= 200 sq. ft. |
| Security Deposit(Refundable) | Rs. 10000 |
| Business Support Fee(IT, POS machine, Training, etc.) | Rs. 30000 |
| Initial Stock Purchase | Rs. 2 lacs |
| Prefabricated shop + Store Fixture | Rs. 4-5 lacs |
| Total Initial investment | Rs. 6.40 -7.40 lacs |
Important Mentions:
- Security deposit fee: One has to pay the security deposit fee before the allotment of the franchise.
- Business Support fee: Unit holders will be responsible to pay a One time business support charges of Rs. 30000 or Rs. 500 monthly on achieving sales target of Rs. 1.5 lacs/month.
- Agreement Period: The franchise offers first term of agreement of 5 years, and can be expanded further based on performance.
- Minimum order value: Franchise owner is required to place a minimum order of amount mentioned below;
- Rural : Rs. 10000
- Urban small: Rs. 10000
- Urban large: Rs. 25000
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Har Hith Store Franchise Profit Margin
The profitability of the Har hith store depends on various factors, including site location and product offering. However, the franchise suggests that one can anticipate a profit margin of 8-10% or earn an average of Rs. 15000 per month.
As far as RoI and payback period is concerned, the franchise can offer a high RoI and payback period of 15-20 months.
Har Hith Store Franchise Support
- High Margin
- IT Infrastructure support
- Marketing, advertising, and digital media support
- Scheme Support
- Support for Mudra loan
- Training support
- Logistics benefits
- Infrastructure benefits
Eligibility criteria for Har Hith store Franchise
| Eligibility Criteria | Rural | Urban Small | Urban Large |
|---|---|---|---|
| Space required | <= 200 sq. ft. | 200-800 sq. ft. | >= 800 sq. ft. |
| Age limits | Preferably 21-35 years | Preferably 21-35 years | Preferably 21-35 years |
| Max. age for Ex-service men | 50 years | 50 years | 50 years |
| Min. Educational qualification | 12th pass | 12th pass | 12th pass |
| Background | * Neither convicted nor pending criminal case * Zero liability in Govt. run projects | * Neither convicted nor pending criminal case * Zero liability in Govt. run projects | * Neither convicted nor pending criminal case * Zero liability in Govt. run projects |
| Haryana Domicile | Same village | Same ward | Same ward |
How to Open Har hith Store Franchise?
To get a Har hith store franchise is quite simple and all they have to do is to strictly follow the instructions given by them.
- Step 1: Visit the official website. the highlighted link will navigate you to the franchise form page.
- Step 2: Fill in the required details such as family ID, Aadhaar card, Name, Email ID, Phone number, and district.
- Step 3: Applicants KYC detail review by HAICL.
- Step 4: Site assessment by the franchise team.
- Step 5: Mudra loan approval, if any, followed by allotment of Har hith store.
Documents required for Har Hith Store franchise
- Aadhaar card
- Pan card
- Shops & commercial establishments license
- ITR Filing
- Trade license
- Electricity Meter Connection
- GST Number(Only if annual sales > Rs. 40 lacs)
Official Details of Har hith Store franchise
- Harhith store franchise contact number: 9517 9517 11 and Email : harhithretail@gmail.com
- Address:
Haryana Agro Industries Corporation Limited, Bays No. 15-20, Sector-4, Panchkula ( Haryana ) – 134112
Good Luck!! Happy Franchising!!
Conclusion
Founded in 2021 and supported by the Haryana government, Har hith Store is one of the flagship projects of Haryana Agro Industries Corporation Limited, offering in-store fit-out, product procurement, branding, logistics, and training support for owning an outlet.
Currently, the chain plans to expand more than 2000 outlets(1500 in rural & 500 outlets in urban areas) to offer a unique platform to encourage entrepreneurship among youth and create employment opportunities.
It also offers a franchise program for interested prospects with an initial investment of -approx. Rs. 3.15 – 3.40 lacs for an outlet of less than 200 sq. ft. & in return provides an impressive net profit margin of 8-10%.
Given the sector and chain’s projected future growth as well as the franchise profit margin, we would unquestionably advise prospective candidates to start this franchise systematically.
That’s it from my side. Friends, I sincerely believe that my guide on “Start a Har Hith Franchise – Cost, Fee, & Profit” was quite extensive, helpful, and educational, but if you’d need more details, you can check out the franchise’s official website. If you like this piece, kindly let me know by leaving a comment and spreading the word to as many of your friends as you can; Your comments offer us more inspiration to keep producing high-quality material for you. Many thanks.
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FAQ
How much does Har Hith Store franchise cost?
Ans: To set up a Har hith outlet of 200 sq. ft will cost you approx. Rs. 3.15-3.40 lakhs. Below are the details for same;
Space required: Min. 200 Sq. ft.
Franchise Fee: Nil
Royalty Fee: Nil
Security Deposit: Rs. 10000
Busines Support Fee: Rs. 30000
Agreement Period: 5 Years, renewable
Initial Stock Purchase: Rs. 2 lacs
Store Fixture: Rs. 75000 – 1 lacs
Total Initial Investment: Rs. 3.15-3.40 lacsIs Har Hith Store Franchise Profitable?
Ans: Yes! Definitely. Considering the Har hith franchise investment, profit margin and ROI, one can certainly take up this franchise and make earn at least Rs. 15000 per month or a net profit margin of 8-10% and expect a payback period of 18-24 months.
What documents required for applying Haryana Har HITH yojna?
Ans: Aadhaar card
Pan card
Shops & commercial establishments license
ITR Filing
Trade license
Electricity Meter Connection
GST Number(Only if annual sales > Rs. 40 lacs)What is Har HITH store products price list?
Ans: As stated earlier, the franchise offers a wide range of FMCG products at reasonable prices. Nevertheless, we believe that the MRP won’t change, but the franchisee owner may give its unit holders a few extra discounts after applying for government schemes and bulk order benefits.
To know more about the price, please check the franchise team.
