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Noida Delhi Franchise Expo
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franchisee |
Franchisor |
Property and Malls |
I want to take up a Franchise
I am an NRI/Foreigner seeking Franchise in India
Existing Franchisee
WE HAVE ANSWERED EACH OF THESE QUESTIONS THAT OUR CLIENTS HAD BEFORE THEY CHOSE A FRANCHISE BUSINESS OF THEIR CHOICE:
Everybody today is looking for new business opportunities that they would like to start. The dilemma is to choose from a host of companies that are shouting loud to come and take them. The most common hurdles that they had to cross were as follows:
· Established companies have a queue of existing franchisee or their referrals, all ready to grasp the newer locations that come as existing locations are already full…how do you get one of these or at least not get into the more riskier and ensure that if you get one of these then they are at par with the more prospective ones.
· New companies do not have a track record, is the initial presentation and the numerous promises of we will do this and that justifiable and with so many of them springing up everyday from every corner. How do we analyse the ones that could be suitable for us and what are the parameters we should evaluate when we are speaking to such companies??
· With so many companies and so many offerings we really don’t have the time or resources to analyse and understand each one of them minutely and decide what’s right for me??
· How could I do a realistic analysis of the business that will actually happen irrespective of what projections the company is forecasting whilst I am having a very mature dialogue with a franchisor??
· How can I be sure that I have the bought the franchise at the right cost??
· How can I be sure that I have signed the right terms in the franchise agreement??
· And many more questions that one has before he sets off to this exciting journey of taking up a business opportunity.
Please fill in the relevant form below and we shall be glad to speak to you in person and assist you in taking up a franchise that suits you.
- I do not have any business background, can I start a profitable business
- I have retired from my job & am seeking Franchise options
- I am a woman & want to start a business that’s suitable for women
- I have finished my education & now want to start a Franchise Business
- I am not very well educated, can I own & operate successfully a Franchise business
- I have a property & want a business
- I want a Franchise for my Children/Spouse/Relative
- I have identified a very good property, can I get a suitable Franchise option for that
- I want to take up an International Franchisee in India
- I have capital that can be invested in a Franchise Business, but do not have time to run the Franchised Business, can I be a 100% safe investor (can I be a sleeping partner in a successful Franchise business)
- I have no money to invest and become a Franchisee, can I be a working partner of some Franchise business
- I want to take up a Franchisee and also work in it
- I want to take up a distributorship/c&f agency/stockist of a reputed company
Franchisee > I want to take up a Franchise
- What is Franchising?
- What types of companies Franchise?
- How does a Franchised chain start?
- What is "BUSINESS FORMAT” Franchising?
- What are the major growth industries "BUSINESS FORMAT" Franchising?
- Specifically, what kinds of businesses lend themselves to Franchising?
Franchise — a definition
A Franchise is a type of business in which a company is authorized to sell another company's goods or services in a specific area in exchange for a Franchise fee. A Franchise agreement usually involves a company which has been highly successful with a product or service authorizing other businesses to use their concepts in other geographic . There is usually a start up fee that the Franchisee will pay to the Franchisor and then there will be additional fees based upon a percentage of sales that the Franchisee makes.
Franchise Jargons
What is Franchising?
Franchising is a way for companies to expand without expending huge amounts of capital. It benefits the Franchisor because the Franchisees use their own money to set up the new outlets. It benefits the Franchisees because they are able to operate under a proven system which is more reliable than starting your own company from scratch. The often quoted figures say that 80% of new start ups close down within 5 years, whereas 80% of Franchisees are still trading after 5 years! “Be in business for yourself but not by yourself” and “Learn from the success and failure of others”.
What types of companies Franchise?
It's not just fast food! All sorts of companies, from fashion retail to bathroom refinishing have successfully used Franchising to expand. Whatever your company or your interest, get in touch with SPARKLEMINDS and we can tell you if Franchising could work for you.
How does a Franchised chain start?
Imagine a store owned by an individual with a particular concept. If the business is successful, the owner may develop a second or third store and hire employees for the day-to-day operations. At that point, if the entrepreneur still wants to expand but prefers not to operate additional stores himself or herself, he or she may decide to "Franchise" the store name and business system to an independent business person a Franchisee. In return, the entrepreneur may ask for an initial fee and/or a continuing royalty payment based on a percentage of that Franchisee's sales. The business is now Franchised.
What is "Business Format" Franchising?
In business format Franchising, the Franchisor prescribes for the Franchisee a complete plan, or format, for managing and operating the establishment. The plan provides step-by-step procedures for major aspects of the business and, anticipating most management problems, provides a complete matrix for management decisions confronted by the Franchisees. The major advantage of buying a business format Franchise is that the system, the means for distributing goods and or services, has been developed, tested, and associated with the trademark. As a result, rapid expansion of a successful retail concept can occur more quickly than through company-owned expansion.
What are the major growth industries in "Business Format" Franchising?
As the economy becomes more service and technologically oriented, as more women enter the work force, and as a larger percentage of the population grows older, growth areas in Franchising are responding to these changes. The industry categories in Franchising that are expected to continue to experience rapid growth for the start of the new century are service-related fields such as home repair and remodeling, carpet cleaning, household furnishings, and various other maintenance and cleaning services; all business support services including accounting, mail processing, advertising services, package wrapping and shipping, personnel and temporary help services, and printing and copying services; automotive repairs and services such as quick-lube and tune-up; and other areas such as environmental services, hair saloons, health aids and services, computers, clothing, children's services, educational products and services, and telecommunications services. While it is important to consider industry growth before investing in a Franchise, it is more important to analyze an individual Franchise company's track record, keeping in mind that quick growth does not always spell success. A Franchise organization that grows too quickly might not have a service team in place to support all of the units properly. Overall, long range trends indicate a steady, solid growth in business format Franchising. Some will fall by the wayside, as is natural with any business, but others may well be the "household name" Franchise success stories of tomorrow.
Specifically, what kinds of businesses lend themselves to Franchising?
Virtually every business form you can imagine. Typically, you would think of fast food and restaurants first when thinking of Franchising, but Franchising covers the spectrum from almost A to Z be it from advertising/direct mail to construction, to dating services, to home inspection, to security systems, to video sales and rentals. Printing and copying services, maid services, computer services, cleaners, lawn care services, real estate, hotels and motels, and travel agencies are excellent examples of successfully applying Franchising to established industries.
For more details contact:
Franchise Support & Development Dept.
Email: franchise@sparkleminds.com
