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Shopywise - Ecommerce Website Franchise Opportunity

7.1 / 10  ·  Established in 2019, 1 Franchisee currently, Headquartered in Pune


All Formats

Format Investment including Brand Fee Brand Fee Space Staff Exp. Monthly Sales Profit Margin Royalty
Shopywise USD 3.7 - 12 thousand USD 3 thousand 200 - 1,000 Sq Ft 8 USD 3.7 thousand 25% i) 10% commission on subscription fee. ii) 2% commission on sales.
Format Name Shopywise
Investment USD 3.7 - 12 thousand
Brand Fee USD 3 thousand
Space 200 - 1,000 Sq Ft
Staff 8
Expected Monthly Sales USD 3.7 thousand
Profit Margin 25%
Royalty / Commission i) 10% commission on subscription fee. ii) 2% commission on sales.

Documents

About Shopywise

Shopywise is a mobile app based B2B marketplace located in Pune. It is essentially an eCommerce website where a retailer (end-customers) can buy goods from manufacturers & wholesalers in bulk quantity. We have listed 250 manufacturers & wholesalers on the platform. The retailer places an order through our app and we have 500+ retailers. Shopywise charges subscription fees and sales commission from the manufacturers & wholesalers and does not charge any commission / fee from the retailers.

Looking for franchise partners to expand our reach across India. We will designate a few locations under each franchisee and they will be responsible to manage the operations in that region. The franchisee will have two important responsibilities:

1. Sign-up manufacturers & wholesalers - The franchisee shall find, on-board and sign-up the manufacturers & wholesalers on the platform.

2. Encourage retailers - The franchisee shall find retailers and encourage them to buy goods through Shopywise in bulk quantities.

Commission to the franchisee: The below are two types of commissions that will be paid to the franchisee:

1. Franchisee will receive 10% commission on subscription fee charged to manufacturers & wholesalers.

2. Franchisee will receive 2% commission on products sold by manufacturers & wholesalers.

Both the above commissions are not one-time payment but will be paid every time the transaction occurs. The franchise will receive these commissions throughout the tenure but only from transactions generated from their designated location / region.

Products and Services

App based B2B marketplace to buy products in bulk quantities. Our platform currently lists apparels, packaged food and essential medical supplies.

Preferred Locations

India.

How to get Shopywise Franchise?

Connect with us through SMERGERS and we will guide you through the process.

What are some of the things we look for in a Franchisee?

- Find, on-board and signup manufacturers & wholesalers on the platform.

- Find retailers and encourage them to buy goods in bulk through Shopywise.

- Franchisee will be responsible to manage only their designated locations / region. They will also be responsible to find employees from their own source.

Support you can expect from the company

- Provide training and guidance on how to approach manufacturers, wholesalers and retailers.

- Provide leads and complete marketing & promotion at national and local level.

Recent Activity

Profile Stats

  • 2000+ Page Views
  • 1000+ Investor Views

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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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    Frequently
    Asked
    Questions

    • When was Shopywise established?
      Shopywise was established in 2019 in Pune and is reported to have 1 Franchisee currently
    • What is the investment required to take up Shopywise Franchisee?
      Investment required ranges from INR 3 lakh - 10 lakh depending on the format offered.
    • What is the space requirement for taking up Shopywise Franchisee?
      Space required ranges from 200 - 1000 sq ft depending on the format.
    • What Franchisee formats does Shopywise offer?
      Shopywise offers 1 format, i.e Shopywise.
    • How to get Shopywise Franchisee?
      Connect with us through SMERGERS and we will guide you through the process.
    • Show more