How to get a H&M franchise in 2023 ?

Hello Guys, Today we will read about the H&M franchise Business. if you want to start a business in Clothing. Then, you can go for the H&M franchise. It is the best decision for you and your upcoming future. In this post, we will talk about the total investment of a H&M franchise, H&M franchise Profit or loss, Space required for the H&M franchise, and more topics will be covered about how to get a H&M franchise in India in 2023.

Company Details of H&M

The H&M brand was started on 4 October 1947, by Erling Persson. H&M is stands for Hennes and Mauritz.

Website:-	https://www2.hm.com/
Founder:-	Erling Persson
Headquarters:-	Stockholm, Sweden
Product:-	sportswear, underwear, cosmetics, accessories & shoes
No of Employers:-	107,375  (2021)
Owner:-	Stefan Persson
CEO:-	Helena Helmersson

Benefits of H&M franchise

H&M is one of the trusted brands and low-cost investment Businesses in the clothing industry. You will get a 100 % guarantee of earning with a good return on investment.

• H&M is one of the trusted brands in the world.
• H&M is one of the leading brands and has further than 200+ stores in India.
• H&M is the best clothing brand in India.
• It makes clothes for women, men, Kids, & Ethnic.
• H&M provides quality products.

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Requirements for a H&M franchise 

1. Area requirements:-  To open a H&M store Franchise you want a minimum area is 1000-1500 square feet.
2. Employer’s requirements:- You need a minimum of 8 Employers to operate your Store.
3. To be Financially strong to invest in the business, Should have basic knowledge of the business.

Eligibility for a H&M franchise

• The franchisor’s age must be 21 or above.
• The owner should follow all terms and conditions of H&M company.
• You must have a good money Investment to open this franchise.
• Must have a proper space in a good location for the outlet.
• The owner must have knowledge of running an outlet.

H&M Franchise Cost in India

The cost of a H&M franchise depends on many factors like a franchise fee, location, size of the shop, equipment required and etc. According to H&M, the total investment is approximately Rs. 50 Lakhs to Rs. 1 crores.

1. Franchise Fee:- The franchise cost of a H&M franchise is Rs. 5 lakhs in India.
2. Investment in Store:- The Investment in setting up the store H&M is Rs. 50 lakhs to Rs. 80 Lakhs, depending on location in India. It includes the cost of Materials, furniture investment depends on store size and structure.
3. Security Deposit:- The Security Deposit depends on the shop’s location.
4. Working capital:- The staff salaries, cost of inventory, and other operational expenses.

Space Required for H&M Outlet

H&M store space depends on the size of the store. A minimum space of 1000 to 1500 square feet space is needed to start the H&M franchise. If you taking a store on rent then remember the rent of a store in a prime location may be too high.

Documents & Licence

1. First, you have to Register your Business with the (Roc) Registrar of Companies and get your certificate of incorporation.
2. ID Proof:- Aadhaar Card and Pan Card.
3. Address Proof:- Ration Card, Electricity Bill.
4. Bank Account with Passbook.
5. Photo, Email ID, Phone Number.
6. Fire safety certificate.
7. GST Number.
8. Standard franchise agreement.
9. Rental agreement.
10. Ultimately, you’ll need to obtain insurance coverage for your business.

H&M Franchise Profits and Margin:

H&M is one of the trusted brands and it’s on trending nowadays. In the future, H&M can be the First largest Clothing Brand in the World. So, Everyone wants to take a franchise of H&M but they have only one question what will the Profits and Margin of H&M be? So, today we will clarify the margin and profit of H&M.

A H&M franchise can generate a net profit margin of 15% to 18%. This means that for every $100 in sales, a franchisee can expect to earn $15 to $18 in net profit. According to industry estimates, the average ROI for a H&M franchise in India is around 18-24 months. This means that a franchisee can expect to break even and start earning profits after about 1.5-2 years of operation.

How to apply for the H&M Franchise in India?

There is no official page for applying for the H&M Franchise. You have to drop a mail to the official mail id of H&M and you have to describe that you want to take a franchise of H&M and describe the benefits of taking the franchise in your city.

1. First, you have to go to the official site of the H&M India.
2. Then You are to mail to the H&M franchise with the attachment of all documents.
3. Then, H&M customer support will contact you.
4. Carefully read all the agreements before doing any signatures.
5. After all the processes pay the franchise fee.
6. then you will owner of the H&M franchise.

H&M Franchise Contact Details

If you are getting any issues or want to take a franchise H&M, you can contact them from here. All details are mentioned below:-

Address: 1102, 1104 & 1105, 11th Floor World Trade Centre, Bangalore, Karnataka, India

Telephone: 000 800 050 1633

Website : https://www.hm.com/entrance.ahtml

Website : https://www2.hm.com/en_in/index.html

Email ID: [email protected]

 

Frequently Asked Questions of H&M:

Q 1. What is a H&M franchise?

Ans : H&M is one of the trusted brands and low-cost investment Businesses in the clothing industry. You will get a 100 % guarantee of earning with a good return on investment.

Q 2. What is the cost of a H&M franchise in India?

Ans : The cost of a H&M franchise in India is approximately Rs. 50 Lakhs to Rs. 1 crores.

Q 3. How to open a H&M franchise?

Ans : First you have a good investment and patience. Then, some criteria like the need for all documents and the need for space for opening. After this fill out the form and wait 2 days. You”ll get a call back from H&M. then confirm all the detail and pay the franchise fee and start your business.

Q 4. Is H&M a successful franchise?

Ans : Yes, it is a successful franchise at the present time. lots of people want to take the H&M franchises but they can’t take it due to financial issues. it is one of the trusted brands and the food business is trending nowadays.

Q 5. What is the monthly profit of H&M?

Ans : A H&M franchise can generate a net profit margin of 12% to 18%.

Q 6. Who operates H&M in India?

Ans : H&M Hennes & Mauritz Retail Pvt. Ltd operates H&M in India.

Q 7. How do I contact H&M for business?

1. Call Them On :-  000 800 050 1633. (Free of charge)
2. Opening Hours.
3. Phone. Monday – Sunday: 8.00 – 22.00.
4. Chat. Monday – Sunday: 8.00 – 22.00.
5. Email:-  [email protected]
6. LET’S CONNECT ON SOCIAL MEDIA. Facebook. Twitter. Instagram.

 

 

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