Investing in the Red Tape Franchise: Cost in India
For many aspiring entrepreneurs, starting a franchise of a well-known brand appeals to the business mind. One such footwear and apparel mogul among the choices is none other than Red Tape franchise. Red Tape is a well-recognised brand in the market with a global presence and a reputed lifestyle brand known for its quality products, making it a good business model. Nevertheless, knowing the financial investment you have to make is key. In this article, we discuss the total cost of establishment a Red Tape franchise in India and how viable it is in overall perspective. Initial Franchise Fee The first franchise fee is the single amount paid to Red Tape upfront for the right to operate its business, trade on its name and trademark. Depending upon the location and size of the outlet, this fee generally falls in the range of INR 5 lakhs to INR 10 lakhs. For this fee, franchisees receive a business name, a business model that has been proven to be successful, and any marketing that comes ...