Shinysleep, one of the leading manufacturing mattress brands in India, announced the launch of their first franchise model store in Noida on international Women’s day. The store is going to be the ever -first franchise owned by a woman entrepreneur.
Founded back in 2017, Shinysleep has a presence in every metropolitan city in India like Bangalore, Kolkata, Chennai, Hyderabad, Mumbai, Pune and ahmedabad. With the franchise partnership program, the company aims to help and associate with the encouraging young budding entrepreneurs who dream to become independent and own a business. The model will open up self-employment opportunities for hundreds of Indians across key markets in India.
The franchise model of Shinysleep has been built on economics that allows break-even within 9 months that most investments currently are not able to deliver. The company franchise Partner model will require investments between Rs 5 lakhs to Rs 10 lakhs with a high return on investments upwards of 30%.
Commenting on the same Tarun Chugh, Founder of Shinysleep “We are extremely delighted and happy to announce the launch of the new franchise model store in Noida, Sector 73. We congratulate Priyanka on her new journey and partnering with us. Through this initiative, we intend to promote entrepreneurship and support young indians. We believe that the launch of a franchise program of Shinysleep will help generate much-needed opportunity at a time of COVID”
Commenting on the same, Priyanka Bhardwaj, Women Entrepreneur & principal of a School said “This is the first store set up by the company through a franchise model and I am very happy to start my journey with Shinysleep. Being one of its kind mattress companies in India, the brand believes in quality, and keeps it the priority of the company. With this partnership, I am very excited about this new chapter in my life”.
With this initiative of franchise model, the company extended its support and pushed the Prime Minister’s vision of creating an Atma Nirbhar Bharat. These stores will be franchise owned and company-operated business models. The company will offer its technology and operational support to its franchise owners and help them in generating significant numbers through sales, especially amidst these testing times led by Covid-19.