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What Is The PVR Franchise Cost In India?

There was an era when PVR Cinemas used to rule the Cinema & Entertainment industries in India. And yeah, the craze for their theater is still going strong in the country. Since there is no shortage of new release movies every year, PVR Cinemas’ business is growing every year. And you can also take a dip into their growth potential and make a living out of it. Yeah, we are talking about the PVR Franchise business in India. If that’s the topic that intrigues you the most, then we’d advise you to stick with this post until the end. That’s because here we will be going over some important questions like what is the PVR franchise cost in India, what are their space requirements and how can you actually apply for a PVR franchise? So let’s get down to it then.

Cost of PVR Franchise in India

PVR

First things first, PVR Cinemas is a lot more than just a silver screen theater that gets you your dose of Bollywood, Hollywood, and regional flicks. Yes, selling tickets is a part of their business, but this behemoth has its fingers in multiple pies. The appetizing snacks you’re munching on during the interval, the catchy advertisements that catch your attention before the movie, and a bunch of other stuff you might not see on the surface, all contribute to the cash registers ringing at PVR. However, let’s burst a bubble here, currently, PVR operates under a company-owned model. In other words, they’re not into franchising their business as of now. So if you’ve been dreaming of owning your local PVR franchise, hold onto that thought for a while.

But hey, let’s dive into a make-believe world for a second, where PVR does open its doors to franchising. How much do you think you’d have to shell out for that? Well, you’d need to fork over something of ₹2 Crore to ₹5 Crores, which is no chump change. What does that cover, you ask? It includes your franchise fee, marketing fees, all the high-tech equipment to provide that immersive cinema experience, the right to flex the PVR brand, and a few other bits and bobs necessary to get your franchise off the ground. And remember that PVR operates three different models, each with its own flavor, PVR Talkies, PVR Outlet, and PVR Gold Class. Each comes with its own price tag.

Space Requirement for PVR in India

Size matters in the movie theater business, you know. PVR is no tiny corner store, it’s a massive experience hub that transforms every movie-watching experience into something special. Now, we’re talking about a minimum space requirement of around 5000 square feet. That’s right, you’re gonna need quite a lot of room! So, if you’re thinking about a cozy little space, well, you might want to rethink that. This kind of endeavor calls for a grand stage, a colossal space where people can dive into different worlds through the silver screen.

And yes, location is the golden rule in real estate, and it applies here too. The place where you plan to set up your PVR franchise should be a hub of activity. It should be easily accessible to the public, preferably in a bustling neighborhood where people frequently hang out. Think about it, who would want to drive miles into a deserted area just to watch a movie? You want your PVR theater to be in a place where it’s a part of people’s regular routine, a hotspot in the middle of all the action!

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How to Apply for a PVR Franchise?

First things first, you’d need to make your way over to their official website. Yeah, no shortcuts here. You would have to fill in your personal details, but don’t worry, it’s all pretty standard. Your name, contact info, and the basics. Now, here comes the twist. You’re not just sending in an application; you’re pitching an entire project proposal. It’s your shot to convince them why you’re the perfect person to wave their flag.

Alright, onto the paperwork. Boring, we know, but critical. You’d need a whole set of documents ready to go. These would typically include:

  • Provisional NOCs
  • Approved Designs
  • Provisional License from DM/DC
  • New Cinema Hall Construction License
  • Film Copyright License
  • Valid Land Papers
  • Identity Proof
  • Address Proof
  • Lease, Rent, Property-related Documents
  • Passport-size Photographs

Conclusion

That’ll do it. With this information at your disposal, you are ready to dive into the world of PVR franchises in India. However, as of now, they aren’t accepting new applications, but that can change anytime soon. So yeah, keep yourself updated on that.

Note: The cost is mentioned here might be vary due to some changes in policies or recent business updates. So, please confirm from the official website before applying.

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Sumit Kumar Yadav has experience analyzing business and finance of big to small companies. Loan, Insurance, Investment data analysis are his key areas.