Pickbids - Payment Service Franchise Opportunity
8.2 / 10 · Established in 2019, 3 Franchisees currently, Headquartered in Bangalore
All Formats
| Format | Investment including Brand Fee | Brand Fee | Space | Staff | Exp. Monthly Sales | Profit Margin | Royalty |
|---|---|---|---|---|---|---|---|
| Business Office | USD 6 - 12 thousand | USD 3.6 thousand | 200 - 500 Sq Ft | 10 | USD 6 thousand | 35% | Franchise partners will receive 70% of the commission generated from the sales made by businesses that they onboarded on to the platform. |
| Format Name | Business Office |
|---|---|
| Investment | USD 6 - 12 thousand |
| Brand Fee | USD 3.6 thousand |
| Space | 200 - 500 Sq Ft |
| Staff | 10 |
| Expected Monthly Sales | USD 6 thousand |
| Profit Margin | 35% |
| Royalty / Commission | Franchise partners will receive 70% of the commission generated from the sales made by businesses that they onboarded on to the platform. |
About Pickbids
Pickbids is an online platform that will enable customers and local merchants to find the best deals, offers, and coupons. Currently, the platform is in the beta phase and we are expecting to launch in a month.
We have currently tied-up with 300+ business and are in advanced discussions with over 500 brands.
Revenue model: Monthly and yearly subscription plans for users.
We are looking for franchise partners across major cities in India to expand vendor tie-ups. Franchise partners are expected to have an existing network and marketing expertise. They will establish tie-ups with business vendors and onboard the business on to our platform. Franchise partners will have a target (number of tie-ups) to achieve and they will get paid based on the sales commission we receive from the tied-up vendors. Franchise partner will receive 70% of the commission and we will keep 30%. We also charge a one-time brand fee of INR 3 lakh.
Products and Services
Online platform for customers to find offers, promotions, gifts, and exclusive deals.
Preferred Locations
Bangalore, Hyderabad, Chennai, Delhi, Surat, Kolkata, Ahmedabad, Jaipur, Mumbai.How to get Pickbids Franchise?
Connect with us over SMERGERS and we will guide you through the process.
What are some of the things we look for in a Franchisee?
- Franchise partners will have to establish tie-ups with business vendors and onboard them on to the platform.
- Franchise partners are expected to have an existing network and marketing expertise.
Support you can expect from the company
We can provide support for staff recruitment, and marketing material.
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Earlier than 15 daysFounder, Communication And Fintech, Kolkata, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysPartner, Financial Services, Ahmedabad, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysPartner, Industrial Machinery, Kolkata, Corporate Investor / Buyer connected with the Business
Profile Stats
- 3000+ Page Views
- 1000+ Investor Views
Payment Service franchise in Jaipur
·Payment Service franchise in Ahmedabad
·Payment Service franchise in Mumbai
·Payment Service franchise in Hyderabad
·Payment Service franchise in Chennai
·Payment Service franchise in Kolkata
·Payment Service franchise in Bangalore
·Payment Service franchise in Surat
·Payment Service franchise in Delhi
13 Investors viewed this Franchise this month.
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Frequently
Asked
Questions
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When was Pickbids established?Pickbids was established in 2019 in Bangalore and is reported to have 3 Franchisees currently
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What is the investment required to take up Pickbids Franchisee?Investment required ranges from INR 5 lakh - 10 lakh depending on the format offered.
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What is the space requirement for taking up Pickbids Franchisee?Space required ranges from 200 - 500 sq ft depending on the format.
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What Franchisee formats does Pickbids offer?Pickbids offers 1 format, i.e Business Office.
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How to get Pickbids Franchisee?Connect with us over SMERGERS and we will guide you through the process.