{"id":27733,"date":"2021-03-19T12:31:44","date_gmt":"2021-03-19T07:01:44","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=27733"},"modified":"2021-03-19T12:31:46","modified_gmt":"2021-03-19T07:01:46","slug":"big-bazaar-franchise","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/big-bazaar-franchise\/","title":{"rendered":"Big Bazaar Franchise: It is profitable?"},"content":{"rendered":"\n<p class=\"has-drop-cap\">Are you looking forward\nto setting up a business that ensures long-term sustainability along with\nconsistent revenue? Big Bazaar Franchise can be a great business model for\naspiring startups that lack adequate funding and seeks stable returns for years\nto come.<\/p>\n\n\n\n<p>Considering the inherent advantages of <a href=\"https:\/\/corpbiz.io\/franchise-agreement\"><strong>franchise<\/strong><\/a> business model, it will be interesting to unfold the potential of Big Bazaar franchise and find out it is worth the investment?&nbsp;<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/big-bazaar-franchise\/#Growth_of_Retail_Sector_in_Current_Era\" >Growth of Retail Sector in Current Era<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/big-bazaar-franchise\/#Key_Performance_Indicator_of_a_Franchise_Business_in_India\" >Key Performance Indicator of a Franchise Business in India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/big-bazaar-franchise\/#Why_Big_Bazaar_is_Unique_From_its_Counterparts\" >Why Big Bazaar is Unique From its Counterparts?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/big-bazaar-franchise\/#Overview_of_Big_Bazaars_Evolution_Over_the_Years\" >Overview of Big Bazaar\u2019s Evolution Over the Years<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/big-bazaar-franchise\/#Costing_related_to_the_Big_Bazaar_Franchise\" >Costing related to the Big Bazaar Franchise&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/corpbiz.io\/learning\/big-bazaar-franchise\/#Things_to_Consider_Before_Commencing_Big_Bazaar_Franchise_Business\" >Things to Consider Before Commencing Big Bazaar Franchise\nBusiness<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/corpbiz.io\/learning\/big-bazaar-franchise\/#Conclusion\" >Conclusion&nbsp;<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Growth_of_Retail_Sector_in_Current_Era\"><\/span>Growth of Retail Sector in Current Era<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The retail sector of\nIndia is one of the rapidly thriving sectors accounting for a significant share\nof 10% of the nation&#8217;s total GDP. It is also acknowledged as one of the top-five\nretail markets on the global platform.&nbsp;<\/p>\n\n\n\n<p>Big Bazaar, an Indian\nretail giant that comprises a departmental, hypermarkets, and grocery store,\nstarted its operation in 2001 under the parent company &#8220;Future\ngroup,&#8221; which already registered a considerable presence in the retail and\nfashion market.&nbsp;<\/p>\n\n\n\n<p>In 2020, Mukesh Ambani&#8217;s&nbsp;Reliance Retail&nbsp;acquired Big Bazaar for the whopping investment of \u20b924,713 crores ($3.36 billion). The acquisition certainly helped this brand to cement its position further into the Indian marketplace.&nbsp;What&#8217;s new? Big Bazaar is now planning to open 16 more stores across India to take the overall count to 300 over the subsequent three quarters.&nbsp;<\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/setting-up-franchise-business-in-india\/\">What are the Vital Prerequisites for Setting up Franchise Business in India?<\/a><\/mark><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Performance_Indicator_of_a_Franchise_Business_in_India\"><\/span>Key Performance Indicator of a Franchise Business in India  <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/03\/Key-Performance-Indicator-of-a-Franchise-Business-in-India.png\" alt=\"Key Performance Indicator of a Franchise Business in India\" class=\"wp-image-27770\" width=\"494\" height=\"476\" srcset=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/03\/Key-Performance-Indicator-of-a-Franchise-Business-in-India.png 900w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/03\/Key-Performance-Indicator-of-a-Franchise-Business-in-India-300x289.png 300w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/03\/Key-Performance-Indicator-of-a-Franchise-Business-in-India-768x741.png 768w\" sizes=\"(max-width: 494px) 100vw, 494px\" \/><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_Big_Bazaar_is_Unique_From_its_Counterparts\"><\/span>Why Big Bazaar is Unique From its Counterparts?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Big Bazaar is unlike a\ntraditional hypermarket; it is a destination that meets the demand of the\nconsumers. Big Bazaar has a comprehensive portfolio of products under one\numbrella. Consumers don&#8217;t have to wonder about roaming different places for\nevery product they need. From grocery items to office supplies &amp;\nstationeries, medicines to apparel, Big Bazaar is a complete solution for\nconsumers.<\/p>\n\n\n\n<p>The franchise owner of\nBig Bazaar usually gets a commission of 3-15% based on the product&#8217;s portfolio\nand revenue potential. The compensation will also integrate rewards &amp;\nrecognition programs.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Overview_of_Big_Bazaars_Evolution_Over_the_Years\"><\/span>Overview of Big Bazaar\u2019s Evolution Over the Years<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In the past few years,\nBig Bazaar has invested considerable funds in completely revamping the stores\n&amp; toward the betterment of consumer satisfaction within almost every store\noperating pan India. Widespread utilization of social and web-based platforms\nescalated a considerable share of consumer footfalls. <\/p>\n\n\n\n<p>These modifications\nenabled this group to increase sales by 13.4% in the same store during the\nyear. These changes helped Big Bazaar increase their sales by 11.5% per square\nfeet and increased sales by 13.4% in the same store during the year.<\/p>\n\n\n\n<p>The Big Bazaar now reins\na small store network that comprises Heritage Fresh &amp; Easy Day stores. The\nBig Bazaar is now shifting its attention to expanding small store networks that\ncan consolidate up to 10000 stores, ensuring the nearby accessibility to every\ncustomer class residing in the country&#8217;s urban area.<\/p>\n\n\n\n<p>This will enable them to\ncater to every consumer without any limitation of time &amp; location. It will\nalso allow them to carry out business activities at a reduced cost involved\ncompared to the traditional retail store models.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Introducing Mobile &amp; Online Platforms<\/h3>\n\n\n\n<p>The Future Group carries\nout its business via two retailing store modes, the large &amp; more prevalent\nform retailing via the Big Bazaar &amp; small-format neighborhood retail\nbusiness, engaged in apparel, food, grocery items. The group has also envisaged\nintroducing mobile &amp; online platforms. <\/p>\n\n\n\n<p>These will enable the\nconsumer to order their goods through applications, calls, and messages and\nallow them to scan the bar code, pay electronically, and leave the store\nwithout being hassled up by standing in a queue of the cash counter to pay the\nbills. <\/p>\n\n\n\n<p>The Indian consumer market, particularly the retail sector of our nation, continues to lures significant FDI from business giants from all across the <strong><em>globe<\/em><\/strong><sup><a href=\"https:\/\/en.wikipedia.org\/wiki\/Globe\"><strong><em>[1]<\/em><\/strong><\/a><\/sup>. The prevailing scenario makes the Big Bazaar franchise a profitable business model for startups and aspiring entrepreneurs.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Costing_related_to_the_Big_Bazaar_Franchise\"><\/span>Costing related to the Big Bazaar Franchise&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Big\nbazaar franchisee does not excel on standard pricing. Depending on the location\nof business and scalability, a big bazaar franchisee can charge up to Rs 5\nlakhs as setup charge and additional Rs 5 lakhs as a refundable security\ndeposit. Startups with inadequate funding can approach banks and request a loan\nto start their business journey.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Things_to_Consider_Before_Commencing_Big_Bazaar_Franchise_Business\"><\/span>Things to Consider Before Commencing Big Bazaar Franchise\nBusiness<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>Look out for the hidden cost apart from setup and security expenses.&nbsp;<\/li><li>Identify expenses regarding royalty fee, brand development fund fees, technology, &amp; support fees.&nbsp;<\/li><li>While signing up a contract for a franchise, make sure to examine all the terms regarding duties and obligations.<\/li><li>Look if the franchisor is providing ample training modules to train your staff for the given business operation, and the same is mentioned in the contract.&nbsp;<\/li><\/ul>\n\n\n\n<p>The central theme of the franchise-based business is the licensing of intellectual property rights (IPRs). The franchisor enables the franchisee to leverage its intellectual property such as logo, design, trademark, business concepts, etc. You must have a clear understanding of your rights in this regard. The contract must indicate how the franchisee may utilize the intellectual property.&nbsp;<\/p>\n\n\n\n<p>While\nexamining your rights as a franchisee, it is imperative to evaluate the\nfranchise contract with an experienced lawyer and discuss and review whether or\nnot included terms overshadow profitability aspects.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Big Bazaar is fairly a productive franchise for anyone who intends to earn good revenue in the retail sector. Anyone can set up Big bazaar franchise store with a small initial investment compared to the competitive retail chain stores operating pan India. Apart from high return prospects, the individual can benefit from long-term sustainability and low marketing budget. All Big Bazaar franchise tick all the right boxes for entrepreneurs for whom cost is the primary constraint for setting up a successful business model.&nbsp; <\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/benefits-of-starting-a-franchise-business-in-india\/\">Potential Benefits of Starting a Franchise Business in India<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Are you looking forward to setting up a business that ensures long-term sustainability along with consistent revenue? Big Bazaar Franchise can be a great business model for aspiring startups that lack adequate funding and seeks stable returns for years to come. Considering the inherent advantages of franchise business model, it will be interesting to unfold [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":27769,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1504,968],"tags":[1610],"acf":{"service_id":"105"},"authorName":"Pankaj Tyagi","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2022\/01\/MicrosoftTeams-image-42.jpg","authorDescription":"Pankaj has a diverse experience of writing research papers, blog, and articles during his college time. Earlier, he was working as a tax consultant in a financial firm, but his interest in writing drives him to pursue a career in the writing field.","postViews":10204,"readingTime":4,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/27733"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=27733"}],"version-history":[{"count":11,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/27733\/revisions"}],"predecessor-version":[{"id":27771,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/27733\/revisions\/27771"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/27769"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=27733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=27733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=27733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}