Email: info@franchise.ae
 
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  • Area Req
    100 - 1000 Sq.ft
  • Investment Range
    USD 100,000 - 500,000
  • Franchise Outlets
    - NA -
Business Details

About:

Wicked Ride is a technology-driven two-wheeler rental company, offering premium, luxury bikes and utility commuter bikes on rent for end consumers .Wicked Ride through its utility two-wheeler rentals – Metro Bikes, helps solve urban transport problem in rapidly growing metros and cities. It addresses the increased congestion and travel time in cities, and the first and last mile connectivity gap in the existing public transport system.

It is a technology-driven two-wheeler rental company, offering premium, luxury bikes and utility commuter bikes on rent for end consumers.

It solves the problems of wide gap between aspirationand affordability through premium bike rentals.

Wicked Ride through its utility two-wheeler rentals –Metro Bikes, helps solve urban transport problem in rapidly growing metros and cities. It addresses the increased congestion and travel time in cities, and the first and last mile connectivity gap in the existing public transport system.

It has struck successful, mutually-beneficial partnerships with various Metro Rail authorities, Large MNCs, Logistics & Hyper local delivery companies etc.

It caters to the rapidly growing trends of “Rent” and “Share” instead of “Buy”.

The company has cracked the “Asset Light” model, resulting in rapid scale and positive unit economics.

Franchise Details

1. Unit Franchise

2. Express Franchise

Unit Franchise:

Investment - 15lac to 45lac

Franchise Fee - 5,00,000

Royalty - 20

Express Model:

Investment - 5lac to 10lac

Franchise Fee - 2,00,000

Royalty - 20

Investment Details

Commenced Operations

Operations Commenced On 2013

Franchising / Distribution Commenced On 2017

Franchise Details
Units

Area100

Investment USD 100,000 - 500,000

Franchise/Brand Fee - NA -

Royalty/Commission- NA -

Expansion Locations

Abu Dhabi, Dubai

Franchise Details

Exclusive territorial rights to a unit franchise No

Performance guarantee to unit franchisee No

Anticipated percentage return on investment - NA -

Likely pay back period of capital for a unit franchise - NA -

Other investment requirements - NA -

Property Details

Type of property required for this franchise opportunity - NA -

Floor area requirement 100

Preferred location of unit franchise outlet - NA -

Training Details

Detailed operating manuals for franchisees Yes

Franchisee training location

Is field assistance available for franchisee? Yes

Expert guidance from Head Office to franchisee in opening the franchise Yes

Current IT systems will be included in the franchise Yes

Agreement & Term Details

Do you have a standard franchise agreement? Yes

How long is the franchise term for? 5-No of years Year

Is the term renewable? Yes

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