Cars 24 Franchise

If you want to buy a car but you do not have adequate fund to fulfill your dream, in this situation buying a used car with warrantee, and good condition in a nominal price can help you out. In India there is a big market for used car dealers. India is the second largest automobile consumer. There are few car points are available where all types of four wheelers can buy and sell can take place.

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In this blog we are going to discuss about Cars 24. Cars 24 provide franchise opportunity for the investors to increase the business network in the Indian market. Let’s read the blog completely to know about the Cars 24 franchise and how to take Cars 24 franchise in India.

Cars 24 Franchise Wiki

Cars 24 was established in 2015 with a positive motive in resell the technology-enabled previously used cares to people. Presently Cars 24 is India’s biggest company for buying and selling used vehicles. It has well maintained showroom in more than 120 cities in India. Cars 24 have 230+ branches in the country and 4000+ partners.

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The first franchise branch of Cars 24 was opened in Surat. Cars 24 is consistently growing and spreading because of its business idea and fast service. It has dedicated teams and has a business-centric approach towards their work and solves the customer issues successfully. It has a strong and well-structured business ethics that helps in growing the business day by day.

Cars 24 Franchise Benefits

• Brand Recognition
• Low Cost of Entry
• Support from an Expert Team
• Reduced Risk for Startups
• A Vibrant And Growing Industry

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Cars 24 Franchise Financial Assistance

The franchisor may offer financing programs to its franchisees. The options and terms could be affected by several factors, including the creditworthiness of the franchisee, accounting rules, and availability of funds.

Cars 24 Franchise Cost/ Investment / Price / Fee

Cars 24 franchise is very popular nowadays. By investing little you can earn good profit. The cost of a Cars 24 franchise may vary depending on various factors such as the location, size of the franchise, and other expenses. If you want to take franchise then you need to invest 30 lakhs-50 lakhs INR initially.

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The franchise fee is 5 lakhs, this amount is approximate amount and we are providing you the information as per various genuine sources. The royalty fee of franchisor is 10% on sales. The franchise term is for 3 years and it can be renewed easily.

Cars 24 Franchise Requirements

• Legal to work in the India
• Ability to speak and understand English
• Have all Legal documents
• No criminal record

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Cars 24 Franchise Eligibility

If you want to start your business with Cars 24 franchise then you must fulfill some criteria. Here the eligibility criteria for owning Cars 24 franchise are as follows-

• The candidate must be at least 21 years old.
• The candidate should have previous experience in automobile sectors.
• The candidate must have at least Graduation or its equivalent degree.
• He must be very serious and passionate about the automobile business.

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Space Required for Cars 24 Franchise

The minimum space for opening Cars 24 showroom is 500 square feet- 800 square feet with parking area in any main location of the city. Within this space reception, lounge or waiting area, billing counter must be present. There should be sufficient washing area, repairing area and maintenance area required. A proper car display area required in this space.

Cars 24 Franchise Documents Required

• Franchise Agreement
• Proprietors photo
• Business TAN copy
• Proprietors/Business Address proof
• NOC of the Shop
• Proprietors Aadhaar copy
• Proprietors/Business PAN card copy
• GST registration copy

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How Much Money Can I Make With A Cars 24 Franchise 

Franchise revenue depends on a wide range of factors, as does profit. How much money you can make from any franchise depends on a number of specific factors such as franchise location, labor costs, commercial lease rates and a number of other factors.

The profit is depending on various factors like location, area, cars conditions, operational cost etc. As a franchisee, you will be earning a commission on every car sold through your franchise. Here the franchisee earns 90% commission on total sales and franchisor earns 10%.  Also, there may be other revenue sources such as inspection and evaluation fees, warranty sales, and financing services that can contribute to your profit margin.

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Cars 24 deal in all types of brands, so the profit is not same and accurate for all. Maruti and Tata’s pre-owned cars average profit on each car sell is 40,000-45,000 INR. For Hyundai the profit is 30,000 per car. Now you can get an idea how many cars can be sold in every month.

The details or information given above may vary so we always recommend to contact the company directly before taking any decision about taking a franchisee

Franchise Training & Support by Cars 24

The Cars 24 is very careful about their franchise partners so, offers training and required support to run the showroom efficiently.

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• A detailed training is provided by the Company in the selected location.
• Cars 24 provide all necessary manuals for franchise.
• The company helps in the establishment of the showroom.
• Field assistance is available for franchise by the company.
• All types of guidance are available by the head office to the franchise in opening the showroom.
• All types of IT and software support is installed by the company in the franchise branch’s computers.
• All types of promotional and marketing activities provided by the company through print media, electronic media and digital marketing in regionally and locally.

How to Apply For Cars 24 Franchise 

To get the franchise first you have to fill the form. Then the company officials will contact you for further details. After that you you can open this franchise.

Apply Here

Contact details

Website

https://www.cars24.com

Conclusion

So far we have shared the basics for this franchise. It is the most profitable franchise. You will never doubt your decision to start this franchise. Go ahead and achieve your goal. If you find more information please feel free to share with us. Share your thoughts and we will definitely contact you with new franchise and opportunities. Stay Tuned for more franchise. Thank you

FAQ (Frequently Asked Question)

Is Cars 24 Franchise profitable or not?

Ans: It is fast moving products, so there is fewer margins but your sale is too high. So, obviously you can make more profit from this business.

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How much does it cost to open Cars 24 Franchise?

Cars 24 franchise is very popular nowadays. By investing little you can earn good profit. The cost of a Cars 24 franchise may vary depending on various factors such as the location, size of the franchise, and other expenses. If you want to take franchise then you need to invest 30 lakhs-50 lakhs INR initially.

The franchise fee is 5 lakhs, this amount is approximate amount and we are providing you the information as per various genuine sources. The royalty fee of franchisor is 10% on sales. The franchise term is for 3 years and it can be renewed easily.

Is Cars 24 Franchise?

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Yes, a franchise.

What is Cars 24 ?

Cars 24 is an online used car E-commerce platform where you can buy and sell your car.

Which is the parent company of Cars 24 ?

Global Car Group Limited is the parent company of Cars 24.

What is the business model type of Cars 24 ?

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Cars 24 works on a customer to business model. The company buys cars from the customers and sells those to their business partners all over India. Now the business partner can sell the car to the customer.

What is the Cars 24 Franchise cost ?

If you want to take franchise then you need to invest 30 lakhs-50 lakhs INR .

Who are the owners of the Cars 24 ?

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Vikram Chopra, Mehul Agarwal, Gajendra Jangid and Ruchit Agarwal are the owners of Cars 24.

How much franchisor commission Cars 24 takes?

Cars 24 takes 10% and the franchise owner take 90% commission on each sale.

Who are the Cars 24 competitors?

Some leading competitors of cars 24 are- CarDekho, Carsome, Cazoo, CarTrade, InstaCarro, Truebil, Kavak, Droom Technology, Carwale etc.

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How much time it takes for return on investment?

It takes 1-2 years for return on investment.

Disclaimer: The information given in this article like investment may vary from place to place, so we are not sure about the investment part and other parts also.

If you need any help from our team then please fill the contact form our team will contact you soon. And if you like this post then please share this post.

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