About the Business
About Us:
Unlock the Door to High Returns with Gizmobaba!
Gizmobaba is your gateway to the world of the most incredible gadgets sourced from across the globe, now made accessible to gadget enthusiasts in India. We take pride in presenting Gizmobaba, a brand that showcases a collection of innovative and unique gadgets, designed to add a touch of wonder and convenience to your everyday life. Our products are of daily utility and enjoy immense popularity in Western countries.
The electronic gadgets industry is flourishing with a double-digit growth rate, and consumers are expecting greater innovation and accessibility. With rising household incomes, an increasing thirst for the latest technologies, and growing consumer awareness, the Indian consumer electronics market is predicted to expand at a CAGR of more than 17% from 2014 to 2018. ‘Electronics’ is currently the most dominant category in the retail market, claiming a 61% market share. Younger consumers are leading the charge in adopting new technologies, and they continue to seek these innovative products in physical retail outlets.
We offer two attractive franchising formats:
1. Shop in Shop Format: Integrate Gizmobaba products into your existing store.
2. Kiosk Format: Exclusively sell Gizmobaba products through a dedicated kiosk.
GIZMOBABA Franchise Benefits:
1. Easy and Low Investment Business: Get into a low-investment business with high margins.
2. Untapped Market: Enjoy a competitive edge with no other player offering affordable and innovative electronic gadgets in this untapped market segment.
3. Innovative Concept: We’re the pioneers in introducing innovative gadgets at astonishingly low prices and with warranties. Our unique products drive high repeat purchases.
4. Proven Business Model: We have experienced substantial growth since our inception, delivering high profitability and repeat business.
5. Strong Training Support: Benefit from our robust support system and regular training sessions to boost operational efficiency.
6. High Margins: Earn up to 25% on web prices and an average of over 50% on MRP. Quick payback is guaranteed due to high margins, low inventory holding costs, and the opportunity to sell new products at MRP initially.
7. Continuous Product Innovation: We launch several new products each month, allowing franchisees to showcase the latest international products regularly and attract loyal customers.
8. Zero Risk: Exchange products that aren’t selling well for others, resulting in zero dead inventories.
9. Online Orders for Zero Inventories: Order products you don’t have in stock directly from us and we’ll ship them to the customer or your store promptly.
10. High Sales Volume Due to Impulse Purchases: With most products priced under Rs.1000, customers are inclined to make impulse purchases. A customer who walks into the store is highly likely to buy something.
With virtually no competition in the niche of extremely innovative products, Gizmobaba has secured a near monopoly. As a franchisee, you can expect a substantial margin without the pressure of undercutting.
Our products come with warranties, offering your customers peace of mind.
Franchise Facts for a Gizmobaba Unit Franchise:
Kiosk Model:
Minimum Carpet Area: 80 sq. ft.
Total Project Cost: INR 4-5 lakhs
Franchise Fee: INR 50 thousand to 1.5 lakhs
Payback: Less than 1 year
Shop in Shop:
Total Project Cost: INR 1.5 to 2 lakhs
Franchise Fee: INR 50 thousand
Payback: Less than 1 year
Based on an average margin of Rs.300 per item and an assumption of 15-20 sales per day, the average payback time is under 3 months.
Join hands with Gizmobaba, and let’s unlock the potential for exceptional returns together!
Warm Regards,
Gizmobaba Team
