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A glasses store sells eyewear that can be corrective, protective, or simply stylish. Stores can be set up in two ways: they can serve clients who have been referred to them by established medical eye care practises, or they can be a full-service shop with an on-staff optometrist. A big chunk of your clientele will be walk-ins with current prescriptions or who are simply looking for attractive eyewear. Glasses have made a resurgence as a fashion trend, making now the ideal time to start a business in this field. The Indian eyeglasses industry, which was formerly an almost stagnant market, has now been transformed into one of the country's fastest expanding retail industries. This can be attributed to the arrival of numerous organised players into the market, a major increase in the demand for eyewear in terms of volume sales, significant shifts in consumer tastes and attitudes toward the eyewear category, and so on. The booming eyewear market has spurred industrial behemoths such as Reliance and Titan to enter the market.

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Proposed Project SPECTACLE STORE

Sales per annum (in Rs. Lakhs)

Year

24.00

Year

26.40

Year

29.04

Year

31.94

Year

35.14

Final Product / Service

Selling spectacles

Electrical Equipments / Fittings Required

LIght

AC

CCTV

Employment Generation

2 Technician
3 Billing Staff and Sales Executive
1 Office Boy

Business Premises

1Lease (500 sq. ft.)

Equipments Required

1Trial Lens Set

2 Digital Lensometer

3 Lens Reading Machine

4 Optical Hand Edger

5 Automatic Digital Saccharimeter

6 Auto Refractometer

7 Dobsonian Telescope

8 Magnifying Glass

9 Glass frame

10 Binocular

11 Stethescope

12 Black Chestpiece

13 Tube

Furniture Required

11 Reception Cum Billing Counter

2 10 Customer Seating Chair

Project Cost (subject to respective DPR) In Lakhs

Premises Interior	00.00
Civil Work including False Ceiling, Wall Rack, Partition Rack, Etc. 150 sq. ft. @800 per sq. ft. (Shop Premises)	1.20
Equipments	0.48
Furniture and Fixtures	0.37
Electrical Equipment / Fittings	1.68
Desktop and Printer	0.50
Software Cost (Tally/SAP)	0.10
Inverter / DG Set	0.12
Preliminary & Preoperative Expenses	0.90
Sub-Total (A)	5.35
Total Working Capital Req. @Lump sum (B)	1.00
Total Project Cost (A+B)	6.35

Means of Finance In Lakhs

	Amount
TERM LOAN (75% of A)	4.01
WORKING CAPITAL LOAN (75% of B)	0.75
Total	4.76
Equity	1.59
Total Funds Required (A+B)	6.35

Financial Benchmarks

	Year	Year	Year	Year	Year
Target Revenue	24.00	26.40	29.04	31.94	35.14
Break Even Point	51%	47%	43%	38%	35%
DSCR including Principal Repayment	8.13	9.91	12.09	14.60	17.96

Basic Assumptions

Power Requirement	18000 kwh per year
Power Rate per unit	Rs. 8.5/unit
Interest Rate Assumed	8.5% p.a.
Repayment Period	3 months moratorium and 5 years repayment

Others

Whether the activity is in the Negative list under MSME?

No

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