H&M franchise cost in India – H&M stands for Hennes & Mauritz. It is a well-known Swedish apparel brand. H&M is famous worldwide and has dominated fashion avenues and made its presence felt in shopping centres and even airports worldwide. H&M makes clothing for almost every demographic, i.e., for men, women, teenagers, and even kids.
If you want to enter the fashion retail business, then considering an H & M franchise can be a good option. This article will try to cover all pieces of information regarding H&M, its franchise, and how to open H&M store in India. Starting with a brief background on H&M, the process of getting the franchise, H&M franchise cost, and things to keep in mind before getting into business with H&M.
Here are a few important facts about H&M:
- H&M was founded as a Swedish brand in 1947 by a Swedish businessman named Erling Person. It started as a women’s clothing store.
- After 20 years, when Erling Person acquired a hunting equipment retail company named Mauritz Widforss, he merged both names, and since then the company has been named H&M.
- H&M has been ranked 2nd largest clothing brand only after Inditex, the parent company of Zara. H&M and Zara’s global brand values are compared from 2010 to 2022. The Zara brand was estimated to be worth $15 billion in 2022. In contrast, H&M had a brand value of slightly under 13 billion dollars in that year. However, due to aggressive store expansion and cheaper prices, Swedish fashion retailer Hennes & Mauritz (H&M) has surpassed Zara to become India’s top clothing brand by revenues in FY19–20.
- H&M currently has over 3800 stores in over sixty countries, including the Asian powerhouse, India.
- H&M has a broad and interesting selection of items. A very wide clientele’s various tastes and needs are catered for in the collections. The departments are completed with an extensive range of accessories, lingerie, pyjamas, and cosmetics.
Thus, considering all of the facts mentioned above, the H&M India franchise is a lucrative fashion business to consider.
|DO YOU KNOW?|
“HM franchise” is one of the most frequently searched fashion-related keywords on Google.
Procedure to Get an H&M Franchise in India
The goal of getting an H&M franchise is to provide you with quality and fashion at the lowest possible cost. You must fulfil a number of prerequisites before opening a franchise. Additionally, a budget to spend on creating an obligatory training program. Can you start a franchise of H&M? Or does the corporation not make investments in this market? Together, let’s have a look.
Does H&M provide franchising, this should be the first thing in your thoughts. This question does not have a straightforward solution. If you visit their official website, you will notice H&M doesn’t focus on a franchise business model; instead, there are few markets where they collaborate with franchise partners.
They do, therefore, provide franchise opportunities, but not to everyone. Obtaining an H&M franchise in India can be difficult, so let’s look at some of the key factors that might be helpful.
What Can You Do to Get an H&M Franchise in India?
Getting in contact with the business can be one of the best ways to obtain a franchise. Writing a detailed official business mail and project ideas with potential market gain and profit maximisation can entice H&M marketers to collaborate in the future. Even though it is not a full franchise, some business opportunities in the form of a business partner can be expected.
H & M Hennes & Mauritz AB
Mäster Samuelsgatan 46A
SE -106 38 Stockholm
Switchboard: +46 8 796 55 00
Fax: +46 8 20 99 19
+46 8 796 55 00
+46 8 796 55 00
+46 8 796 55 00
Product Regulatory Compliance
Contact for authorities
If you succeed in getting the franchise approved, let’s see how much it will cost.
How Much Does an H&M Franchise Cost?
Depending on size, the average H&M franchise price can cost $1 million or more. If you want to open a store in India, then it (H&M franchise price India) will cost you between 50 lakhs and 1 crore for 1000 square feet of infrastructure for the shopping unit.
H&M Fashion Franchise Infrastructure Requirements
H&M franchise infrastructure requirements are as:
|Shop / Unit Area||1000 Sq. ft.|
|Employee headcount||6 to 15|
|Computer / Internet Connectivity||Compulsory|
|Product Display Area||Compulsory|
H&M franchises work on a profit-sharing and commission model. It is based on revenue sharing, with 96% going to the franchisee and 4% going to the franchisor. Apart from the infrastructure costs, the franchise fee is the application fee. Its cost can range from 2 Lakh to 5 Lakh.
HM Franchise Cost Business Opportunity – Snapshot
|Line of Buisness||Clothing|
|Unit / Shop Area||1000 Sq. ft|
|Commission% / Revenue Sharing||96% to franchisee and 4% to franchisor|
|Infrastructure Investment||Rs. 50 Lakhs – Rs. 1 Crore|
|ROI Timeframe||1 Year|
Things to Keep in Mind While Applying for an H&M Franchise in India
Here are a few of the things you must keep in mind before applying for an H&M store franchise:
|1.||Age Limit||21 Years & above|
|2.||Proprietor Aadhaar Copy||Required|
|4.||Proprietor / Business PAN Copy||Required|
|5.||Business TAN Copy||Required|
|6.||GST Registration Certificate||Required|
|7.||Proprietor / Business Address Proof||Required|
|8.||Unit / Shop Address Proof||Required|
|9.||NOC of Unit / Shop||Required|
FAQs on H&M Franchise
Being such a big and global brand, opening an H&M store is like a dream for people. Most frequently asked questions about H&M and H&M franchise cost in India
Does H&M provide franchises?
H&M does not provide franchises. In a globalised world, all H&M stores are run and managed by H&M itself. But in some of the countries, it also provides franchises, but they have full control over all the franchises.
How much investment is required to open an H&M outlet in India?
The initial level of investment required to open an H&M store is 50 lakh to 2 crore.
How can I become a supplier for H&M?
To become a supplier for H&M, you have to visit the H&M website and fill out the supplier registration form. If the company likes your application after reviewing it, they will surely give you a chance if there is any opportunity.
Is there any career opportunity at H&M except franchising?
Fashion designers, salespeople, sales consultants, assistants, store managers, etc. are the career opportunities provided by H&M.
What are the 8 type of brands of H&M?
There are 8 brands are – H&M group: H&M, COS, Monki, Weekday, Other Stories, Cheap Monday, H&M Home, and ARKET.
Can I open an h&m franchise in India?
H&M maintains that its “general expansion strategy” does not include franchising. With the exception of a few regions where it works with franchising partners for regulatory reasons, the majority of its locations are managed directly by the company.
How to get h&m franchise in India?
You need to get in touch with the brand’s marketing team. Writing an official business mail and project ideas in detail with potential market gain and maximizing profit can interest H&M marketers towards a future collab.
How much does the h and m franchise cost in India?
The following are the approximate investment and fees for an H&M franchise:
Franchise Fee: 2 Lakh – 5 Lakh;
Infrastructure Investment: Rs. 50 Lakhs – Rs. 1 Crore
Who is bigger H&M or Zara in India?
In India, due to aggressive store expansion and cheaper prices, Swedish fashion retailer Hennes & Mauritz (H&M) has surpassed Zara to become India’s top clothing brand by revenues in FY19–20.
Is H&M profitable in India?
The Swedish brand, Hennes & Mauritz (H&M), had a profitable maiden year in India, clocking significantly higher sales than its largest rival, Zara, according to a report in the Economic Times.
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