WoodenStreet to Open 100+ Stores & Reach Revenues of 500 cr in 2 years
Following the pandemic induced volatility, WoodenStreet has stepped in to help by establishing a franchise growth programme called "Partner to Win," which aims to rekindle the entrepreneurial spirit among aspiring professionals. The goal of this project is to target the less-explored tier 2 and tier 3 markets and build the country's largest omni-channel network. The aim is to extend its footprint with more than 100 tech-enabled stores in a period of 24-36 months, with 35+ outlets currently operational in all major areas. “We have always thought that any scenario presents an opportunity, and in light of the digital transformation that our nation is going through, we want to reach out to the public and create a solid road for all business enthusiasts to travel on. On both physical and online storefronts, all franchisees would earn a nice 18-20 percent commission,” said Lokendra Ranawat, CEO, WoodenStreet. He also discussed how developing aligned enterprises and fledgling entrepreneurs may get their share of profit with only a rupees 10-15 lakh investment and a 100% return on investment (return on investment). This may easily enable a franchisee to create a monthly revenue of 20-25 lac in tier 2 and tier 3 cities. Because these new stores will be Exclusive Franchises, the programme provides an opportunity for both emerging entrepreneurs and the firm, making it more appealing and beneficial for the partners. The firm expects to generate $500 million in sales over the next 24 months as a result of this growth, with a minimum of 500 jobs created. This venture boosts WoodenStreet's industry presence while also providing a new chance for society.
Tags : Press Room revenues WoodenStreet stores Open Reach Lokendra Ranawat