Indian Railway: People are always looking for tea, water, books and other eatables at the railway station. If you open a shop at the railway station, you can earn a lot because now Indian railway stations are being modernized a lot compared to earlier. There are many railway stations which are equipped with very good technology and are being provided facilities equal to airports. So much modernization is providing many opportunities for business people.
How to start
If you want to open a shop at any railway station, then you have to follow a special process after which you can get permission. Indian Railways does not allow everyone to open a shop at the railway station. Apart from this, Indian Railways issues tenders and selects applicants on the basis of certain criteria, while once the selection is done, the board issues the license through IRCTC, which oversees the entire process.
To get started, visit the official website of Indian Railways and go to the tenders section. Follow the instructions and submit the required information. Make sure you abide by all the terms and conditions mentioned by the railways.
Determining shop rent
The rent of shops at railway stations varies depending on several factors. These include the location of the shop, the number of trains arriving at that station and the occupancy of the platform. Apart from this, the type of goods sold and the size of the shop also affect the rent prices. For example, the rent of a space to sell tea and coffee can range from Rs 5,000 to Rs 5 lakh at different stations.
If you want to know more information, you can also visit the corporate portal of IRCTC. This portal provides complete guidelines and all the requirements for potential shop owners.
Potential Income
There are many shops at major railway stations that earn a good amount of income. Passengers often buy books, newspapers, locks and many food items from these shops while traveling in the train. Opening a shop at a busy station can earn you lakhs of rupees. Railway stations in India are developing rapidly and providing better facilities, so opening a shop here can be very good.
By following the procedure mentioned and fulfilling all the requirements, you can step into this market. This opportunity is good for those who want to start or expand their business in a high traffic area with constant customer flow.
