CredR to Provide a Helping Hand to Landlords Looking for Alternative Income Source

The Used 2W Brand Offers Franchise Opportunity with 50% ROI in the First Year

New Delhi, June 2020: Omnichannel used two-wheeler brand CredR has announced a franchise owning proposition, which claims to help distressed landlords escape the financial crisis amidst the coronavirus pandemic.

According to a press release issued by the company, CredR is offering more than 50% RoI in the first year itself along with a host of other supporting infrastructure to its franchise partners. This support includes the regular supply of refurbished used two-wheelers, technical training, sales support, lead generation support and CredR technical tools for lead management and sales tracking. With investments starting at as low as INR 25 lakhs, and minimal fixed capital investment, low manpower and low maintenance, the CredR franchise business provides a steady churn of working capital month on month. To help safeguard investors’ interests in this period, CredR is additionally offering a 50% respite in the sign-up fee for a limited period of time.

According to Sasidhar Nandigam – Chief Strategy Officer of CredR , “In any franchise business, real estate rent comprises a large part of the monthly operational expenses and the landlord community already has that at their disposal which makes our business proposition more lucrative for them.”  

Nandigam further added that CredR was already at their pre-COVID sales numbers from this month itself, which is further testimony to the upward demand trends in this sector. Used two-wheeler market is seeing a spike in demand due to commuters migrating from public transportation to private mobility due to fear of coronavirus, he concluded. Additionally, the brand is providing 6 Months Warranty, Paper Transfer assistance, insurance and assured buyback guarantee with each and every bike.