Memory Lane would be a good franchise opportunity because it has a good customer base and loyal followers. Having been around for many years, Memory Lane has been synonymous with gifts, cards and souvenirs where it is the place to go during festivals and special occasions among Malaysians. ]
A good location will ensure good customer traffic which is why Memory Lane is usually seen at malls and major shopping areas.
Popular gifts and souvenirs business
The gifts and souvenirs business can be very fulfilling and this is one very lucrative option for entrepreneurs and those who are looking to own a business in this area.
The Memory Lane brand is perhaps one of the most popular and renowned gift shops in Malaysia where it has been around for many years now.
Malaysians from all walks of life are aware of the Memory Lane brand where they are seen clamoring the retail outlets especially during major festivals like Christmas and Chinese New Year, buying cards, souvenirs, gifts and gift-wrapping presents.
As such, this is one brand which does not need much introduction as it already has a very established reputation among the consumers. Memory Lane has a strong brand presence in most if not all major shopping centers around the country.
Depending on the space and your financial ability, there are 3 packages when it comes to franchising the Memory Lane brand. The smallest outlet (A) is between 300 and 500 square feet while Outlet B is for those between 500 and 900 square feet and anything above 900 square feet belongs to Outlet C. The franchise fee for the 3 options are RM20,000, RM30,000 and RM40,000 respectively.
The initial investment to start your own Memory Lane outlet ranges from RM139,000 to RM276,000 which includes inventory, rental, renovation and any other overheads needed to start the business operations. Apart from that, there is a 6% gross income from your monthly income channeled as royalty fees which is required.
Memory Lane (M) Sdn Bhd
#A408 & A409, Block A, Mentari Business Park,
Jalan PJS 8/5, Bandar Sunway,
46150 Petaling Jaya,
Selangor Darul Ehsan.
Tel: +603 5633 1288