MySoho is a workspace company, which is building inspiring Premium Private Office spaces in Tier2 and Tier3 cities of the country. It is one of the fastest-growing Co-working brands in the northern part of the country. Flexible spaces with Premium design language, technology-based service delivery, and best-in-class service experience, is what MySoho delivers to its members and community.
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Why Should you choose MySoho Franchise in India?
1. Our Markets: Tier 2 & Tier 3 towns are the hotbed for growth for the Economy, Enterprises, and Startups. These are the markets we are tapping into.
2. Our Ecosystem: For growth to accelerate in these markets, Entrepreneurs will require, ecosystems, Space, and Funds. MySoho is addressing all the 3 needs through its bouquet of services.
3. Our Industry– Flexible Workspaces: Flexible Workplaces, Work-From-Home (Hybrid)
4. Our Stability: MySoho is backed by ‘Venture Capitalists’ which clearly means we are serious about growth, and we are an ethically run organization.
5. Our Business Model: Our Business model ensures, healthy and assured returns for the Asset Owner, with optimized investments.
6. Our Product: An unique and Inspiring Design language for our workspaces, with built-in technology for efficiency and standardization.
Financials / ROI
• Investment per SFT (inclusive of all fit-outs + Furniture + Equipment + Decor + Architect Fees) =Rs 1800per SFT +GST
• Franchisee Fee :3 Lacs one time and Non-refundable
• Gross Revenue share breakup
• Option 1:50% for Franchisee:50%for MySoho – 1%from both parties is kept aside for repairs and maintenance of the facility.
• Option 2:80% for Franchisee:20% for MySoho – 1%from Franchisee share is kept aside for repairs and maintenance of the facility.
• Operations costs
• In Option 1: Opex costs are borne by MySoho
• In Option 2: Opex costs are borne by Franchisee
• Periods • Lease – 9 years • Lockin– 3 yrs to 4 yrs • Notice – 2 mths (Post lockin)
Role of MySoho
• Designs/Layout /Architect deployment for supervision of project
• Extending all central tie-ups to Franchisee– Furniture, AC, Security, Lighting, etc
• Tech Deployment
• Sales & Marketing
Frequently Asked Questions
1. Are there more options better than a Cowork?
Ans. Yes, there are more than enough options available, but what Cowork does is it keep revenue stable. • Revenue is distributed among many clients & never becomes ZERO, in traditional cases when a tenant leaves. As per survey an average property is empty for 12 months in 48 months. Hence you need to divide the rent received of 36 months in 4 years.
2. Why Should I choose MySoho?
Ans MySoho is a ’growth’ serious brand, run by 3 CoFounders who have heavy industry & service background. • MySoho is backed by ‘Venture Capitalists’ which means our business ethics, processes, compliances are Top Notch.
3. How is MySoho sure of its business potential?
Ans. At MySoho, we shortlist cities, towns & demography based on the: – Office Demand captured on Google Search – Startups & Influencers Registered – Pincode wise Analogy of Population & Per Capita Income – Business & Education Focus Towns Based on these, we shortlist a city so that we are completely sure of the demand
4. How is MySoho sure of paying me back?
Ans. We are already running 5 centers profitably with Spotless payout to landlords & vendors • We reach 50% Occupancy in 3 Months & 80% Occupancy in 4 Months
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|Industry||Segment||Investment||Franchise Fee||Space||Expected No of Hours / month||Expansion Location/s|
|Real Estate Franchise||Real Estate Services, Portals, Online,Marketing||Rs. 75Lakhs - 1Crore||Rs. 2lakhs -5 lakhs||3000 - 5000||Less than 10hrs||9 places|