Royal Brothers Franchise Introduction:Royal Brothers - Self ride bike rental startup is head quartered in Bangalore.We are the 1st startup to get license by State transport authority to run bike rental business in Karnataka. RB is operational in 6 cities such as Bangalore, Mangalore, Mysore, Udupi, Manipal and Belgaum./> Vision: To fulfill travel and transportation needs of public across PAN India by 2020. Co-founded by the professor-student duo of Manjunath T N and Abhishek C Shekar in July 2015, Royal Brothers claims to be South India’s first RTO authorised self-ride bike rental platform. Based on their personal experience, both founders were aware of the difficulties involved in getting access to good quality rental bikes. They even got feedback from Ramesh Babu and was the first to get an RTO permit for four wheeler rental vehicles in Benagluru. Team: Passion driven engineers with aligned thoughts and dedication round the clock to accomplish the vision.
Commenced Dates
Date Commenced Operations | 2015 |
Date Commenced Franchising / Distribution | 2015 |
Franchise Details
Units
Area | Investment | Franchise/Brand Fee | Royalty/Commission |
Store Wise | Rs. 5lac - 10lac | 1,00,000 | 20% |
Expansion Locations
North |
|
South |
Karnataka |
East | |
West |
|
Center | |
Union Territories |
Franchise Details (Optional)
Want to expand |
Nationwide |
Exclusive territorial rights to a unit | No |
Performance guarantee to unit franchisee | No |
Anticipated percentage return on investment | 10 |
Likely pay back period of capital for a unit franchise | 1 - 2 Year |
Other investment requirements |
Detailed operating manuals for franchisees | Yes |
Where is franchisee training provided? | Bangalore |
Is field assistance available for franchisee? | Yes |
Will someone from Head Office provides assistance to franchisee in opening the franchise? | Yes |
What IT systems do you presently have that will be included in the franchise? | Yes |
Type of property required for this franchise opportunity | Rented |
Floor area requirement | 300 - 400 Sq.ft . (1 Sq Meter = 10.76 Sq Ft.) |
Preferred location of unit franchised outlet |
Do you have a standard franchise agreement? | Yes |
How long is the franchise term for? | 3 years |
Is the term renewable? | Yes |
Category : Automotive
Area Req :
Franchise Outlets : 50-100
Investment: Rs. 5 Lac - Rs. 10 Lac