Grexter Living - Serviced Apartment Franchise Opportunity
8.1 / 10 · Established in 2015, 33 Franchisees currently, Headquartered in Bangalore
All Formats
| Format | Investment including Brand Fee | Brand Fee | Space | Staff | Exp. Monthly Sales | Profit Margin | Royalty |
|---|---|---|---|---|---|---|---|
| Franchise Owned Franchise Operated | USD 9.6 - 11 thousand | USD 1.2 thousand | Not Required | 1 | USD 10 thousand | 20% | 6% royalty charged on the total rent received |
| Format Name | Franchise Owned Franchise Operated |
|---|---|
| Investment | USD 9.6 - 11 thousand |
| Brand Fee | USD 1.2 thousand |
| Space | 0 - 0 Sq Ft |
| Staff | 1 |
| Expected Monthly Sales | USD 10 thousand |
| Profit Margin | 20% |
| Royalty / Commission | 6% royalty charged on the total rent received |
Documents
About Grexter Living
Grexter redefines living accommodation for the young with co-living hostels for long-term stay, where students and professionals can live a comfortable and hassle-free accommodation.
Grexter is the market leader in the premium co-living segment and one of the top 5 co-living players in India. We have tied up with the biggest developers in the country. Having raised seed funding of USD 1.5 million, what started as a 3 house operation expanded by leaps and bounds over the last 3 years.
Why Grexter Living?
1. Co-living/shared living is today's millennials' preference and necessity. The Plug and Play model gives spatial and financial flexibility, ensures social capital and copes with the shortage of space, organized premium PGs and restrictions to bachelors.
2. There will be a requirement for more than 5 lakh beds in Bengaluru over the next 1 year as companies are calling people back to office.
3. Shows high returns with low investment.
4. Takes only 6 months to start making money.
5. Gives you an opportunity to network with awesome people.
6. Accommodation is one of the primary need.
Products and Services
Grexter provides shared living spaces that are fully furnished and have all facilities installed.
Preferred Locations
Bangalore.How to get Grexter Living Franchise?
Connect with us on SMERGERS and we will guide you through the process.
What are some of the things we look for in a Franchisee?
The franchise partner will have to manage the living space, look after the operations and maintenance, attend to the customers and turn leads into potential customers.
Support you can expect from the company
1. Property selection and business strategy - we help in identifying the right property, negotiate a good deal with the owner, and set the business plan in place.
2. Exceptional space planning - our designs ensure comfort and functionality while maintaining a premium look and feel.
3. Furniture on rent: we co-invest in the furniture required to set up the property, reducing your upfront investment amount significantly.
4. Innovative marketing push - generate leads using our own website and social media handles.
5. Standard operating procedures - we will assist with tried and tested SOPs to run the operations smoothly, help to hire the right people, and train them from time to time.
6. Technology - we back your operations with technology that helps improve user experience and the efficiency of the processes.
Last but not the least, the brand value of Grexter.
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Earlier than 15 daysManager, Accounting, Bangalore, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysManager, Hospitality, Bangalore, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysPartner, Electrical Component Contractor, Bangalore, Individual Investor / Buyer connected with the Business
Profile Stats
- 10+ introductions
- 1000+ Page Views
- 900+ Investor Views
