Have you always dreamed of starting your own business but wondered which franchise to choose? Have you got confused after reading several articles on owning a profit franchise but couldn’t conclude?
Are you ready to break free from doubt and join hands with India’s leading retail giant, Reliance Smart Point Franchise?
On high demand from our clients, we have once again brought in another interesting retail chain, Reliance Smart Point, which can help you start your entrepreneurial journey with an initial investment of ₹ 20 lakhs to ₹ 50 lakhs.
Table of Contents
Overview of Reliance Smart Point Franchise
Reliance Smart Point is one of the leading and rapidly growing retail store format of Reliance Retail, a subsidiary of Reliance Industries Limited.
These stores offers an one-stop shopping experience by offering a wide range of products, including groceries, home essentials, personal care products, electronics, and fashion accessories.
These stores are also termed as a neighbourhood small format store of Reliance Retail with an objective of “Bade Dukan ki Badi Bachat ab pados mein” (Big Saving of Big Supermarkets, now near you) for customers.
By serving the as last mile delivery hub for all digital orders, easy accessibility for walk-in customers, Reliance Smart Point has already positioned itself as a renowned and trusted brand among its loyal consumers.
According to Economics times report, Reliance retail has planned to open more than 5000 plus Smart point outlet in upcoming years, ultimately creating a tremendous opportunity for interested applicants.
Isn’t look phenomenal?
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What are the services and product offerings of Smart Point?
Below are the range of services and product offered at Smart Point Hub;
- Grocery, FMCG, F&V and Dairy etc with “Badi Bachat”
- Netmeds Pharmacy, Medicines below MRP, all year round
- Jio Payment Bank, Banking with extended hours
- Health Care / Pathology Services
- Fashion / Electronics (through Kiosk)
- Battery Swap Station for Electric Vehicles
Key facts about Reliance Store Point
| Sr No. | Type | Private |
| 1 | Trade Name | Reliance Smart Point |
| 2 | Industry | Retail |
| 3 | Founded | Started as Subsidiary chain |
| 4 | Founders Or Parent Company | Reliance Retail |
| 5 | Corporate Headquarters | Mumbai |
| 6 | Number of locations | Will be over 5000 outlets in coming years |
| 7 | Area served | PAN India |
| 8 | Model | Franchise |
| 9 | Product offering | Grocery, FMCG, Pharmacy, Healthcare, Fashion, electronics, and much more |
| 10 | Revenue | 6.97 lakh crores INR(Reliance retail) |
| 11 | Website | https://relianceretail.com/ |
How Much Does Reliance Smart Point Franchise Cost?
Reliance Retail operates its grocery segment in two format, first one is Reliance Smart Bazaar (usually a bigger store size) and the other one is the SMART POINT.
For the Smart Point, it relatively requires a smaller space as compared to its bigger format. Usually, these stores occupies a retail space of 1000 -1500 square feet and can have presence in smaller market.
These Smart Point’s store further strengthen Reliance’s customer reach which not only allows them serve wider audience but also boosts its supply chain system.
It’s true that the like all other reliance stores, Reliance Smart Point franchises are also governed under Reliance brand and they don’t sell their franchises to any individual or businesses.
Though, we had chance to visit their stores and considering a retail space of 1000 square feet, the franchise may be spending at least ₹20 lakh to ₹50 lakh.
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Is Reliance Smart Point Franchise Profitable?
The retail industry is quite competitive and certainly the brand like DMart and Reliance have brought a new concept that completely revolutionized the retail segment.
If you consider the competitiveness, it is damn true that none brand can stand next to reliance for its bulk purchasing power, which eventually eliminates the local retailers.
In addition to this, Reliance Smart Point stores are primarily located near to your local retailer (you can also consider it as “Pados ki dukaan”) and it can be started with a minimum carpet size.
These factors ultimately reduces the overhead costs and other expenses. Moreover, Reliance doesn’t need any introduction to anybody and their humongous customer bases are just GOLD.
Based on these factors, Reliance Smart Point outlet’s profit margin could range anywhere between 5-10%.
Benefits of Owning a Reliance Smart Point Franchise
Owning a Reliance Smart Point outlet owner may bring in lot of benefits for retail industry aspirants and some of its benefits are listed for your reference;
- Established Brand:
- Reliance Retail is a prominent player in the retail industry that has built a strong reputation among its loyal customer base.
- It will help new franchise owner to leverage brand’s recognition and reputation to attract customers from all age group.
- A wide range of product portfolio:
- Reliance Smart Points offers a wide range of product & services, right from FMCG, grocery to Pharmacy and EV battery swapping. You name it, they have it.
- Integral delivery point:
- These smart point act as an integral delivery point that delivers online orders to the homes in neighbourhood.
- These stores also assists customers to shop online from a wide range of product offered by JioMart.
- Proven Business Model:
- Interested applicants may leverage Reliance retail’s tested and proven business model to run and manage a successful & profitable chain.
- Comprehensive training programs:
- Reliance retail chain provides franchisees with comprehensive training and support to ensure the success of their franchise.
- Marketing Support:
- Reliance retail chain provides marketing and advertising support to its franchisees, including promotional campaigns, social media marketing, and online advertising.
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What are the requirements to Become a Reliance Smart Point outlet holder?
Some of their major Reliance Smart Point chain requirements are listed below;
- First and most important – One should have the required funding to own a Reliance Smart Point outlet, that is one should be ready to invest approximately ₹ 20 lakh to ₹ 50 lakh.
- Applicants should own/rent an outlet area for a minimum of 500 to 2000 sq feet, preferably on the high street, city center, and near busy street.
How to Get Reliance Smart Point franchise?
Becoming an approved Reliance Smart Point outlet owner requires a moderate investment that offers an impressive gross profit margin.
Nevertheless, the Reliance Smart Point chain may provide several benefits, and interested candidates can take up franchise outlets in their city through their expertise and endless support systems.
- To place an enquiry about the franchise – please call them at –1800 891 0001 / 1800 102 7382
How to Get Reliance Smart Point Pharmacy Franchise?
Based on our research, we can conclude that Reliance pharmacy is an integral part or one of the services offered by Reliance Smart Point chain. Once you gain access to its Smart Point, you will also have right to sell medicine from its Pharmacy franchise.
Final Takeaway
Started as a retail unit of Reliance Retails, Reliance Smart Point is one of India’s popular, well-established, and rapidly growing retail chains, offering a variety of household products, FMCG, Grocery, Pharmacy, electrical appliances, and much more.
The franchise boasts over 750 plus franchise networks across Indian cities and more than 5000 outlets planned to release in the next few years will create tremendous opportunities for interested candidates to grab THIS deal in this ever-growing market.
However, considering the exponential rise in shopping behavior, a wide product portfolio, part of a well-established brand, larger customer base, flexible investment with high ROI, extensive training, and market support aids an extra advantage for the new franchisee unit holder.
With an Initial investment of ₹ 20 lacs to ₹ 50 lacs, the Reliance Smart Point chain may offer an outstanding profit margin to its stakeholders and one may anticipate an exceptional net profit margin of 5-10 %.
But to happen all this, Reliance has to offer its franchises, and it’s unlikely in near future.
Want to explore more? Then check out the below franchising opportunities.
Tea & Café Franchise, Ice Cream Franchise, Food & Beverages, Delivery, Dealership/Distributorship,
Affordable Franchises, International Franchises, Business Ideas, and Apparel Franchise
FAQ
Is Reliance Smart Point a franchise?
Unfortunately, No. The demand for Reliance’s smart point is immense. However, like its other segment, Reliance remains to operate all its smart point stores on its own.
It’s not a franchise.
