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FRANCHISOR BY CATEGORY

FAQ

Q : How does Franchise chain start?

An entrepreneur opens an owned store and after a successful period, he likes to expand. There would be two steps. Opening the second and third by hiring new employees and managing centralized operations. He still wants to expand without any cost incurred on stores and daily operations. He might decide to Franchise the business system with the brand established to an individual known as Franchise. He would charge an initial fees and royalty on daily sales

Q : How to distinguish the area is managed by a Franchiser or a Franchisee?

It is always very tough to stay as a Franchiser or Franchise would offer the same products and services to the clients because some companies despite opening the Franchises have owned stores too.

Q : Is Franchise a wide spread?

If we see the consensus there were App – 826123 business establishment in all domestic Franchise system with employment figures of almost eleven million with a payroll of seven hundred billions.

Q : Business Franchise format?

For managing and operating the business establishment the Franchiser provides a platform of a complete a business plan to a Franchise. There is a chain of events which is taken care by the Franchiser to provide step by step procedure to manage problem confronted by the Franchise. The advantage lies in, the system developed is tested and secure with all; flaws rectified with the brand image. This results in a successful venture more quickly than owned expansion.

Q : Is there any specialized business which companies lend in franchising?

It would be a world of imagination that every business enterprise carrying business when see an opportunity can expand it through Franchise. Franchise in India is carrying a category test of more than of 40 from fast food restaurants to Dating.

Q : Steps before buying Franchise?

Investigations to be done:

1.l Type of experience required in a Franchised business.

2.l Do you understand the business world?

3.l Would you be able spend quality time?

4.l What Franchise you are looking for?

5.l Who the Franchise is quality back records?

6.l How other Franchise in the same sector is doing?

7.l What cost do you plan to invest in the Franchise?

8.l Financial condition of the Franchiser

9.l What products and services to be sourced and whom to supply it.

10.lTerms and condition of agreement, renewal and running Franchise.