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Application and Funding for a Nike Franchise. Once the market research is completed, the second step in selecting the appropriate franchise model follows. The model varies based on the investment plan, which can range from Rs. 50 lakhs to as much as Rs. 2 crores. The cost is a crucial factor in establishing the franchise.
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It's also the owner of popular brands like Jordan and Converse. The average Nike franchise cost is $107,500. Entrepreneurs with at least $75,000 in funding used to be able to apply to become Nike franchisees. The most expensive Nike franchises used to cost up to $140,000. These days, Nike rarely works with franchisees.
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UPDATE December 11, 2023: Images of new colorways have been updated below. - 1995's Nike ACG Torre Mid is making a comeback. With the continuing appeal around hiking and outdoor-core aesthetic.
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The franchise fee alone can range from Rs. 5 lakhs to Rs. 25 lakhs, depending on the location and size of the store. Apart from the initial investment, franchisees also need to pay ongoing royalty fees to Nike, which are typically calculated as a percentage of the store's gross sales.
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