Mi Store Franchise Cost: Xiaomi Dealership Opportunity

It is quite natural for entrepreneurs to get attracted towards opening a Mi store and service centre franchise in India as Xiaomi has taken the tech market by storm in the past few years. Founded by Lei Jun in 2010, the company is headquartered in China and has offices in Asia-Pacific, India and Brazil. It has a strong presence in over 74 countries with more than 1000 offline shops in major cities around the world.

Xiaomi has both online (Mi.com) and offline (Mi Home stores) channels to sell its products and it manages to break the record by offering high-end specs at jaw-dropping prices and it is no wonder they sell out in a matter of minutes whenever they release a device. Xiaomi needs no introduction any more and let us move on to know about Xiaomi franchise cost, investment required to open Mi store and service center, expected profit and other details you might be looking for.

Franchise cost of Mi Store: Investments for Xiaomi dealership, expected profit

Xiaomi has more than 2500 'Mi Preferred Partner' outlets and it has plans to set up 100 Mi Home Stores in all the major cities. The franchisee has the options to get Mi store dealership along with service centres and sales stores. The approximate investment for Mi Store franchise/dealership may be within Rs.10 lakhs and it would be based on the location, size and inventory to be stocked. The franchise fee may cost you around INR 60,000 to INR 1 lakhs. But this is a rough estimate as the company has kept the Mi Store franchise cost confidential and it will be known to the franchisee once they have approved the franchise application form. To apply for Mi Store franchise, visit its official website and duly fill the franchise application form.

What is the best place and how much space is required to open the Mi Store franchise in India

A space of about approximately 150 sq ft to 200 sq ft with good frontage is required to set up Mi Store franchise and it will do well in areas where there is a good traffic like shopping malls, near bus stand, railway station etc.,

Is it profitable business opportunity to open a Mi Store franchise in India?

Xiaomi is the second highest selling smartphone in India. It has a strong visibility in the online retail space as it has created a world record with the flash sale of its smartphone which is sold out in 3 minutes. Xiaomi sells everything under the sun which includes smartphones, Mi LED TVs, Mi Band, Mi Power Bands, Mi Earphones, laptops, air purifiers, Mi Routers, and other Mi Ecosystem and accessory products. The company has plans to open 100 Mi Stores across India in the next two years. Furthermore, Xiaomi sells a record-breaking one million Mi Band 3 units in just 17 days. As mobile phones have become part of everyone's life and with the entry of Jio with affordable data plans the scope for the growth of the mobile phone market in India has increased tremendously. So on this note, getting a Mi Store franchise is a lucrative business opportunity.

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