Zara is one of the many best options available to you if, as a fashion trends follower, you want to make the lives of others more graceful by opening a fashion franchise. Zara, which is owned and operated by Inditex of Spain, has every reason to be the world’s most popular and successful fashion brand.
Most fashion-forward men and women shoppers adore it for selling high-quality clothing at reasonable prices and implementing excellent customer service policies. In addition to providing prompt customer service, Zara’s success has been greatly aided by strategically placing stores in prominent locations where they are not overlooked by the general public.
The other surprising reason, which is less likely to be found in other similar businesses, is that Zara does not spend a lot of money on advertisements because there is already a high level of public awareness about the brand.
Anyway, we’ve provided information on the company profile you might be interested in, as well as startup costs and fees that aspiring candidates like you are expected to have when approaching Zara about opening a franchise.
Franchisor
Zara
Franchising
Yes
Presence
Global
Company background
Knowing the background of a company is key to making a successful investment decision.
It was in 1975 that Amancio Ortega (the world’s second richest man) and Rosala Mera laid the groundwork for the first fashion store Zobra, which is now Zara, in Galicia, a historically popular region in western Spain.
Zara, these days, operates as many as 4000 fashion stores in nearly 90 countries including India where it has 20 stores, the United States where it has 52 stores, and many more in other countries.
Franchise cost
You can’t buy even a block of soap for free. Likewise, you can’t own a franchise without an investment.
While the investment required will differ depending on the country, the average startup cost for opening a Zara franchise is around $80,000.
The amount goes for equipment, fixtures, and furniture. Keep in mind that Zara doesn’t enter into a direct franchise agreement in many countries including India.
Franchise fees
In addition to the initial investment figures amounting to $80,000, you will be paying around 5-10% of royalty while as 0.3% for advertising fees.
There are many other requirements including an ideal location for setup, agreement, etc the company wants you to have before you are granted the Zara franchise.
Just feel free to contact the company for further details. They will happily address your queries.
Expenditure Overview
Equipment, fixtures, & furniture
$80,000
Royalty fee
5-10%
Advertising fees
0.3%