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
Operations Commenced On 2013
Franchising / Distribution Commenced On 2017
Area100
Investment USD 1,000,000+
Franchise/Brand Fee - NA -
Royalty/Commission- NA -
Dhaka
Exclusive territorial rights to a unit franchise Yes
Performance guarantee to unit franchisee No
Anticipated percentage return on investment 45
Likely pay back period of capital for a unit franchise 1-2 Year
Other investment requirements no
Type of property required for this franchise opportunity Commercial
Floor area requirement 100
Preferred location of unit franchise outlet - NA -
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
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
