Written By: Gouri Ghosh

The growing demand for modular kitchens in India has escalated over the years. The urbanization and rising disposable incomes have brought several modern and efficient kitchen solutions for homeowners. Statista claims that the Indian modular kitchen market will grow at a CAGR of 10% from 2020 to 2025. Such a demand warrants a good investment in modular kitchen franchises. The Sleek By Asian Franchise, among the top conglomerates specializes within this area. A well-established name associated with innovative designs and quality craftsmanship, Sleek By Asian Company has taken its place at the top of modular kitchen franchises in India through strength and reputation in the market. 

This article will tell you why having a Sleek By Asian Modular Kitchen franchise is going to be your best investment. Whether you are an experienced entrepreneur or new to investing, this opportunity is sure to benefit you as it is from a growing industry with a lot of opportunities for profit.

Booming Modular Kitchens Demand in India 

It is because India's way of living is changing, where a modular kitchen is becoming more and more popular among the residents. Many reasons pave the way for the following transformations:

• Growing Urbanization and Modern Lifestyle: People are shifting to urban centers in search of better opportunities. Hence, there has been an increasing demand for modern, space-efficient homes. Urban householders prefer functional, stylish kitchens, while they are looking for modern lifestyles that further add fuel to demand for modular kitchens.
• Increase in Disposable Income and Changes in Lifestyle: Residents are investing more of their disposable income in premium home solutions with the rise in disposable income. People are willing to invest money to improve premium quality, long-lasting, and aesthetically pleasing kitchens so that modular kitchen solutions become a great catch.
• New Shift Towards the Renovation of Homes for New Kitchen Solutions: Kitchens have now become out of fashion and now people are adapting more homes towards renovation. This type of trend will surely set the trends as modular kitchens can fit in the specific needs of people who would like to renovate their homes.

According to the report from Statista, the Indian Modular Kitchen market is expected to multiply at a CAGR rate of 10% between 2020 to 2025. This implies the progressive demand for modular kitchens across the country, especially in urban spaces.

Why Choose Sleek  Asian paint  Modular Kitchen Franchise?

Having a Sleek  Asian paint modular kitchen franchise is going to be a great investment; definitely a smart decision for small business owners of the country. 

• Lower-Risk, Higher-Growth Potential: The modular kitchen business franchise is one such franchise that is a low-risk investment with a higher growth potential. Modular kitchens are surely a boom in the market, and with Sleek by Asianstrong branded name, you stand excellent chances of success.
• Ever-Increasing Demand for Modern Kitchens: Increasing number of people would want beautiful yet very functional places for cooking within their personal spaces, thus increasing the demand for modular kitchens. This always offers a very big scope for opening franchisees.
• Holistic Support System: When you invest in a modular kitchen franchise, you get complete support from  Asian paint . Features include marketing support, training programs, kitchen design consulting, and many more. You're not left to navigate by yourself.
• Successful Track Record: Other franchises of sleek Asian paint have thrived due to the reputation of the brand and the trustworthiness of their products. So, if you are looking for a well-earning franchise opportunity, then there is strong evidence supporting earnings through this franchise.

Expanding Market: Demand for Premium Kitchens in Tier 2 and Tier 3 Cities

Premium modular kitchen demands are increasing and Tier 2 and Tier 3 cities hold large potential in this category. Here are some important reasons that currently make these markets so important:

• Emerging Market Opportunity: As the modular kitchen segment booms in metropolitan areas like Delhi and Mumbai, Tier 2 and Tier 3 cities are now catching up. A report by Frost & Sullivan believes that within five years from now, the smaller cities' growth rate in the modular kitchen market is expected to be around 12 to 15 percent more than from metro areas. Urbanization is now propelled outside major cities, along with a rapidly increasing demand for modern, functional kitchens.
• Growth Potential in Tier 2 and Tier 3 Cities: Here is the changing face of these cities, where a mass has started coming up with disposable incomes and uplifted lifestyles to spend on the kitchen up gradation. Modular kitchen franchises are flooded with business in cities like Surat, Jaipur, Lucknow, and Coimbatore. Such an emerging middle class is adopting much modern-designed kitchens with style and functionality.
• Lower Competition and Higher Approachability: Regarding modular kitchen homes, Tier 2 and Tier 3 cities have relatively lower competition as compared to metro cities. As much as 30 percent of the modular kitchen market share among Tier 2 cities was covered according to a Times of India survey done in 2023, so a large gap exists for filling in. Thus provides a prospect to Sleek Asian Paint Modular Kitchen franchises to develop a growing customer base with less competition.

Sleek Asian Paint Modular Kitchen Franchise Cost and Investment

It's an obvious investment opportunity where one can easily understand everything related to cost. The investment to put in the Sleek Asian Paint Modular Kitchen Franchise is as follows:

• Initial Franchise Fee: ₹5-7 Lakhs. This one-time fee gives you the right to operate a Sleek Asian Paint Modular Kitchen Franchise.
• Total Investment: ₹20-25 Lakhs. This has kitchen franchise cost, installation, equipment, costing for interior design, and other initial expenses.
• Store Setup and Infrastructure: ₹10-12 Lakhs. This includes expenditure on the setup of the showroom, furniture, display units, and branding materials.
• Royalty Fees: 5-7% of monthly sales. This percentage is paid to Sleek Asian Paint for using their brand name and business model.
• Marketing and Promotion: ₹2-3 Lakhs for initial marketing, which includes digital campaigns, local promotions, and branding efforts.
• Working Capital: ₹3-5 Lakhs for operational costs, such as salaries, utilities, and inventory.

Competition in the Modular Kitchen Market

The modular kitchen sector in India is competitive. Several well-established players are vying for market share. Here are the key competitors:

• Häfele: a well-known brand for very top-end kitchen solutions that is very strong in India. Well known for high-end fittings and accessories.
• Godrej Interio: One of the most 'trustworthy' brands in India, Godrej has put together a 'superlative and versatile' portfolio of modular kitchen designs, which are innovative and durable.
• Kitchens by Design: Another prominent name in modular kitchen space, it caters high quality, customized kitchen, products and materials to the clients.
• Nobilia: Global giant in modular kitchen designing bringing European quality and style into the Indian market.

Why Sleek  Asian paint modular kitchen franchise is Different from the Rest?

Sleek Asian Paint Modular Kitchen is arming with many winning reasons helping it stand to competition:

• Quality: The premium material used in Sleek Asian kitchens makes them long-lasting and premium. Value for investment is likely guaranteed by bringing customers long-term solutions.
• Innovative Designs: Sleek has its edge above others with its focus on customizing and innovating. It has modern, functional, and space-saving designs according to needs, as well as style and practicality.
• Customer Service: With a significant focus on customer satisfaction, Sleek Asian lands itself a big brownie point. From consultation through installation, it has after-sales services that are second to none and designed to offer every client a smooth experience.

Edge in the Market

Although Häfele, Godrej Interio, and Kitchens by Design have a majority stake in the market, Sleek By Asian is now benefitting from the former's customer base, lower pricing, and very strong franchise support. It has established a full-fledged franchise model ensuring 

Conclusion: 

Investing on a modular kitchen franchise like Sleek By Asian is a bright prospect because, in India, modern and stylish kitchen solutions are gaining immense popularity. The growing urbanization and rising disposable incomes of individuals have led to an increasing number of owners opting for functional and beautiful kitchens, called modular kitchens. Amongst many competitors in the business of modular kitchens franchises in India, Sleek By Asian grows above the rest because of focal attention and commitment to deliver quality products, innovative designs, and excellent customer service.

An easily reliable modular kitchen franchise business is one in the Sleek brand because it already guarantees a well-established reputation and strong market presence. Pinning hopes on Sleek means that one gets the kind of support like training, marketing, and design expertise, making it an added success point for all the franchisees. The modular kitchen market is booming in Tier 1, Tier 2, and Tier 3 cities, which makes the growth scope huge.

Sleek By Asian is stiffly competing but is favorable in comparison to other brands like Häfele, Godrej Interio, and Kitchens by Design due to the costs at which it can market its brand as well as an already developed business model. Sleek By Asian thus becomes a stage for those looking for a shining and rapidly growing industry but with a nice profit and strong support in the franchise. Low risk-high reward in a growing modular kitchen market in India would be to invest in that particular franchise.

Disclaimer: The brands mentioned in this blog are the recommendations provided by the author. FranchiseBAZAR does not claim to work with these brands / represent them / or are associated with them in any manner. Investors and prospective franchisees are to do their own due diligence before investing in any franchise business at their own risk and discretion. FranchiseBAZAR or its Directors disclaim any liability or risks arising out of any transactions that may take place due to the information provided in this blog.