Firstly, we attend a franchise exhibition to view and compare a variety of franchise business possibilities. The idea is to see what options are being showcased and whether any of the businesses make for an interesting case. You must be absolutely clear that exhibitors at the primarily want to sell their franchise systems. Be cautious of salespersons who are interested in selling a franchise that you are not interested in.
Initial Research and Primary Questions:
Before you attend, research what type of franchise best suits your investment limitations, experience, and goals. When you attend, specifically choose the opportunity that best suits your needs and then engage the franchiser.
Your Investment Levels:
We have often seen clients saying that they could arrange the funds depending upon the opportunity at hand. Infact, a clear understanding of how much you can invest and in what time period would help you immensely on zeroing on the right type of options within these investments. An exhibitor may tell you how much you can afford to invest or that you can’t afford to pass up this opportunity. Before beginning to explore investment options, consider the amount you feel comfortable investing and the maximum amount you can afford. If you need to arrange funds externally or are seeking financial help for balance amounts, be very clear of the procedure and the time involved in clearing the formalities, as the franchiser might not be willing to wait for too long.
The Right Business For Your Profile:
Whats the right business. How can you pre-define one, before knowing what options are on hand. An exhibitor may attempt to convince you that an opportunity is perfect for you. Only you can make that determination. Consider the industry that interests you before selecting a specific franchise system. Ask yourself the following questions:
Have you considered working in that segment/line of work before?
Can you see yourself engaged in that line of work for the next ten years?
Do you have the necessary background or skills?
How will your family, friends, society perceive you within that business? Is that acceptable to you.If the industry does not appeal to you or you are not suited to work in that industry, do not allow an exhibitor to convince you otherwise. Spend your time focusing on those industries that offer a more realistic opportunity.
Maximise Selective Options
Visit several franchise exhibitors engaged in the type of industry that appeals to you. Listen to the exhibitors’ presentations and discussions with other interested consumers. Get answers to the following questions:
Who are the promoters of the business and whats their background?
How long has the franchisor been in business?
How many franchised outlets currently exist?
Where are they located?
How much is the initial franchise fee and any additional start-up costs?
How will you make money? How much? Whats the pay out to the franchiser?
What management, technical, and ongoing assistance does the franchisor offer?
Why Should You Meet The Franchiser After The Expo:
If you feel an opportunity is really to your liking, the best thing to do, is to just tell the franchiser about your seriousness and to schedule an appointment after the show. Most exhibitors are exhausted and have monotonous answers by the middle of the day. Keep the discussion short, meet them after the show and you will see that they will appreciate your wisdom and approach. Exhibitors may also offer you prizes, free samples, or free dinners if you attend a promotional meeting later that day or over the next week to discuss the franchise in greater detail. Do not feel compelled to attend. Rather, consider these meetings as one way to acquire more information and to ask additional questions. Be prepared to walk away from the sales pitch if the franchise does not suit your needs at any stage.
Return On Investments and Profitability:
Some franchisors may tell you how much you can earn if you invest in their franchise system or how current franchisees in their system are performing. Be careful. Make sure you ask for and obtain written substantiation for any income projections, or income or profit claims. If the franchisor does not have the required substantiation, or refuses to provide it to you, consider its claims to be suspect. Also make a careful analysis of the market in which the franchise is going to operate and try matching it with a similar location within the franchise network.
Make Notes, Take Photographs and Collect Direct Numbers:
We have often seen entrepreneurs taking photographs of the exhibitors. It may be difficult to remember each franchise exhibit. Bring a pad and pen to take notes. Take the franchise marketing kits, franchise marketing leaflets, franchise documents or other promotional literature that you can review. Take the exhibitors’ business cards along with the details of the exact person along with their direct numbers, so you can contact them later with any additional questions.
Take It First Franchise Sales Pitch:
You may be told that the franchisor’s offering is limited, that there is only one territory left, or that this is a one-time reduced franchise sales price. Do not feel pressured to make any commitment. Legitimate franchisers expect you to take time and to investigate their offering. A good deal today should be available tomorrow. Just let your franchiser know that you are serious about the opportunity and are taking the required time to research and decide.
Initial Payments:
We have at times, seen entrepreneurs going to the franchise shows with their cheque books. It is never advisable. Do not sign any contract or make any payment at the franchise exhibition, until you have the opportunity to investigate the franchisor’s offering thoroughly. Take time to speak with current and former franchisees about their experiences. Because investing in a franchise can entail a significant investment, you should have a franchise lawyer/ franchise consultant to review the franchise documents and have an CA to review the company’s financial projection. A experienced franchise consultant can play a very vital role for you at this stage. Take professional help.
Hence you must follow all of the above to buy a reputed franchise business through a franchise exhibition or else, you might end up taking up a franchise that’s not to your liking or is different inside, whilst the cover page looked very interesting at the franchise expo.
Tags:Franchise Events, franchise show, Franchise Exhibition, franchise expo, Franchise list, franchise directory, new franchise, Franchise Options, Top Franchise, best franchise,latest franchise
This Blog is posted by Franchise Bazar, A End To End Franchise Solutions Company, Based at Bangalore, India.We offer customized services to entrepreneurs seeking new business opportunities and franchises.Visit us on www.franchisebazar.com and speak to us, and we are sure we will be able to help you choose a business that fits your skills, experience, investment levels and lifestyle.
Showing posts with label new franchise. Show all posts
Showing posts with label new franchise. Show all posts
Friday, August 27, 2010
Wednesday, June 16, 2010
Reliance BIGFlix Looks at 150 Stores By Mar 2011 Via Franchise Route.
BIGFlix Movie Rentals, India’s largest online and offline movie rental service (a division of Reliance BIG Entertainment), announced today, its retail expansion plans via the franchise route with a total of 150 stores by March 2011. BIGFlix.com will deliver movies at home to the people residing in Tier II cities which will include Jaipur, Vadodara, Surat, Lucknow, Nasik, Jamshedpur, Kochi, Patna, Nagpur, Kanpur and many more.
BIGFlix currently delivers movies to 9 cities with a total retail presence of 60 stores and an access to a wide range of 21000 titles across 13 Indian languages. BIGFlix.com will engage local logistic partners best suited to the respective cities’ dynamics to deliver movies at home to the masses. The BIGFlix franchise business will have two models, namely, Store franchise and Master franchise. Store franchise, is where the interested party can become the franchise of a single store in any specific city and Master franchise, is where the interested party can opt for the franchise of a set number of stores for a specific geographic location.
Speaking on the announcement of the franchise plans, Mr. Puneet Sachdeva, Chief Lead- Franchise Operations, BIGFlix.com, said, “We are all geared up with the launch of our new expansion plans with the franchise route. While we will focus on the brand building and content acquisition aspects meeting with the specific requirements of the denizens residing in these cities, our franchisees will handle all the logistics and operations of the business. Considering that even today we see 75 – 80 % of our registrations come from the offline route, and constant tremendous response in terms of enquiries / registrations on our website from these cities for our movie service, we are confident that franchise model will be the most feasible path at this stage. Currently we have a customer base of 80,000 customers and with the franchise foray we aim to reach a target of 1, 50, 000 customers by March 2011.
Also, commenting on the launch, Mr. Pankaj Chandra, Chief Lead- Online Movie Rentals, said, “With the franchise route we aim to focus on the core aspects of our business and also reach as many people as possible and satisfy their overall movie entertainment needs. We have done intense research with regards to the movie watching habits of the population in these cities and have fine tuned basic requirements like content, pricing etc so as to cater to their requirements at best. Also, coupled with our constant urge to provide seamless experience of watching movies at home and aggressive marketing strategies planned for these cities, we will for sure meet their entertainment needs capturing the minds of the common man.”
BIGFlix Movie Rentals by now has 10 franchise stores in cities like Mumbai, Pune, Delhi, Chandigarh, Faridabad and Panipat and will start operations once they have their respective logistics partners finalized for these cities.
Notes to Editor
About BIGFlix Movie Rentals
BIGFlix.com, a part of Reliance BIG Entertainment, is India’s largest online and offline movie rental service, offering access to more than 21,000 titles. BIGFlix offers the biggest range of premium quality home video content spanning across 13 Indian as well as International languages. BIGFlix.com currently has a vast membership base of around 1,00,000 customers in the country. The service offers the biggest, widest library of films and other alternate content through multiple interfaces i.e. retail stores, online home delivery service and call centre. The service is available at affordable prices and offers option to view unlimited movies on subscription basis. With the aim to reach out to Indians of all age groups the world over, as the one entertainment hub to provide cutting-edge, world class digital content from the world of movies, TV serials, music and other short form content.
BIGFlix currently has a retail presence of 60 stores in 9 cities namely, Mumbai, Delhi, Pune, Chandigarh, Hyderabad, Ahmedabad, Bangalore, Chennai and Kolkata.
Tags:BIGFlix Franchise, Movie Rental Franchise, Video library franchise, Store Franchise, Master Franchise, Franchise Plans, Franchise Operations, franchise model, reliance franchise,new franchise.
BIGFlix currently delivers movies to 9 cities with a total retail presence of 60 stores and an access to a wide range of 21000 titles across 13 Indian languages. BIGFlix.com will engage local logistic partners best suited to the respective cities’ dynamics to deliver movies at home to the masses. The BIGFlix franchise business will have two models, namely, Store franchise and Master franchise. Store franchise, is where the interested party can become the franchise of a single store in any specific city and Master franchise, is where the interested party can opt for the franchise of a set number of stores for a specific geographic location.
Speaking on the announcement of the franchise plans, Mr. Puneet Sachdeva, Chief Lead- Franchise Operations, BIGFlix.com, said, “We are all geared up with the launch of our new expansion plans with the franchise route. While we will focus on the brand building and content acquisition aspects meeting with the specific requirements of the denizens residing in these cities, our franchisees will handle all the logistics and operations of the business. Considering that even today we see 75 – 80 % of our registrations come from the offline route, and constant tremendous response in terms of enquiries / registrations on our website from these cities for our movie service, we are confident that franchise model will be the most feasible path at this stage. Currently we have a customer base of 80,000 customers and with the franchise foray we aim to reach a target of 1, 50, 000 customers by March 2011.
Also, commenting on the launch, Mr. Pankaj Chandra, Chief Lead- Online Movie Rentals, said, “With the franchise route we aim to focus on the core aspects of our business and also reach as many people as possible and satisfy their overall movie entertainment needs. We have done intense research with regards to the movie watching habits of the population in these cities and have fine tuned basic requirements like content, pricing etc so as to cater to their requirements at best. Also, coupled with our constant urge to provide seamless experience of watching movies at home and aggressive marketing strategies planned for these cities, we will for sure meet their entertainment needs capturing the minds of the common man.”
BIGFlix Movie Rentals by now has 10 franchise stores in cities like Mumbai, Pune, Delhi, Chandigarh, Faridabad and Panipat and will start operations once they have their respective logistics partners finalized for these cities.
Notes to Editor
About BIGFlix Movie Rentals
BIGFlix.com, a part of Reliance BIG Entertainment, is India’s largest online and offline movie rental service, offering access to more than 21,000 titles. BIGFlix offers the biggest range of premium quality home video content spanning across 13 Indian as well as International languages. BIGFlix.com currently has a vast membership base of around 1,00,000 customers in the country. The service offers the biggest, widest library of films and other alternate content through multiple interfaces i.e. retail stores, online home delivery service and call centre. The service is available at affordable prices and offers option to view unlimited movies on subscription basis. With the aim to reach out to Indians of all age groups the world over, as the one entertainment hub to provide cutting-edge, world class digital content from the world of movies, TV serials, music and other short form content.
BIGFlix currently has a retail presence of 60 stores in 9 cities namely, Mumbai, Delhi, Pune, Chandigarh, Hyderabad, Ahmedabad, Bangalore, Chennai and Kolkata.
Tags:BIGFlix Franchise, Movie Rental Franchise, Video library franchise, Store Franchise, Master Franchise, Franchise Plans, Franchise Operations, franchise model, reliance franchise,new franchise.
Thursday, June 10, 2010
Toshiba Looks at 80 Exclusive Franchises Across India
Toshiba India Private Ltd. is planning to embark on an aggressive marketing blitz to drive its laptop business and garner a bigger pie in the Indian market. The move comes even as Toshiba is celebrating the silver jubilee of its laptop invention.
In an interaction with The Hindu, N. Sivakumar, General Manager (PC Division), said Toshiba had lined up an investment of $10 million this year. The money would primarily go into brand building, dealership expansion and strengthening of product portfolio.
He said Toshiba had now a share of four per cent in the Indian laptop market. Efforts were on to scale this up to 12 per cent by the end of this year, he added. With this focus in mind, Toshiba, he said, had decided to expand its dealership network to 850 from the existing 600. This would comprise 80 exclusive franchises who would be hawking only Toshiba products. Also, the company would expand its product offering to 30 models from the current eight.
“We will be offering products in the price range of Rs. 23,000-75,000,” he said. Wu Tengguo, Director (PC Division), said the generation next in India and other emerging markets unfortunately was not aware of Toshiba brand when it came to laptop. Therefore, the challenge lay in spreading the awareness among this segment of the population about Toshiba laptop, he said. In India since mid-1990s, Toshiba laptops were viewed only as commercial products. In this context, Mr. Tengguo pointed out that Toshiba entered the Indian market on the back of a tie-up with HCL for B2B (business to business) sales. With the dynamics of marketing changing drastically, Toshiba had now decided to focus on B2C (business to consumers), he said. The company, he explained, would bring out products to capture new segments. It would also introduce new concept products, he added.
To a specific query, he said the Indian laptop needs were now serviced from Toshiba's plant in China.
Given the low penetration of personal computers in India and given also the size of the laptop market, Mr. Tengguo felt that Toshiba would, in the medium-term, drive its focus on expanding its market share in the Indian B2C space.
Source:The Hindu, Chennai, June 4.
Tags:Laptop Franchise, dealership Expansion,Toshiba Franchise, Exclusive Franchises,Electronic Franchise, Hardware Franchises, Computer Parts Franchise,new franchise, Start A Franchise, retail franchise.
In an interaction with The Hindu, N. Sivakumar, General Manager (PC Division), said Toshiba had lined up an investment of $10 million this year. The money would primarily go into brand building, dealership expansion and strengthening of product portfolio.
He said Toshiba had now a share of four per cent in the Indian laptop market. Efforts were on to scale this up to 12 per cent by the end of this year, he added. With this focus in mind, Toshiba, he said, had decided to expand its dealership network to 850 from the existing 600. This would comprise 80 exclusive franchises who would be hawking only Toshiba products. Also, the company would expand its product offering to 30 models from the current eight.
“We will be offering products in the price range of Rs. 23,000-75,000,” he said. Wu Tengguo, Director (PC Division), said the generation next in India and other emerging markets unfortunately was not aware of Toshiba brand when it came to laptop. Therefore, the challenge lay in spreading the awareness among this segment of the population about Toshiba laptop, he said. In India since mid-1990s, Toshiba laptops were viewed only as commercial products. In this context, Mr. Tengguo pointed out that Toshiba entered the Indian market on the back of a tie-up with HCL for B2B (business to business) sales. With the dynamics of marketing changing drastically, Toshiba had now decided to focus on B2C (business to consumers), he said. The company, he explained, would bring out products to capture new segments. It would also introduce new concept products, he added.
To a specific query, he said the Indian laptop needs were now serviced from Toshiba's plant in China.
Given the low penetration of personal computers in India and given also the size of the laptop market, Mr. Tengguo felt that Toshiba would, in the medium-term, drive its focus on expanding its market share in the Indian B2C space.
Source:The Hindu, Chennai, June 4.
Tags:Laptop Franchise, dealership Expansion,Toshiba Franchise, Exclusive Franchises,Electronic Franchise, Hardware Franchises, Computer Parts Franchise,new franchise, Start A Franchise, retail franchise.
Tuesday, May 4, 2010
Zoomin Photo Studio Franchise Opportunity
Zoomin.com, India’s #1 Photo Sharing, Printing and Custom Gifting service, today unveiled its retail strategy with the simultaneous opening of 6 ZoomIn Studios throughout the country. These stores are located as “shop-in-shop” within the Crossword Bookstores in Mumbai, Ahmedabad, Pune, Bangalore and Kolkata.
A Photo Studio for Today’s Generation
The chic new ZoomIn Studio format is a significant step in empowering the “memory keepers” of the family and giving them the tools to express, create and preserve their ‘moments of magic’ through photos. Unlike any traditional photo retail store experience available today, the design and execution of each Studio has focused on creating a collaborative experience zone for customers to touch and feel stunningly beautiful and evocative photo gifts, get inspired and work with expert designers on the spot to tell their own story through photos. With a wide selection of products and services on display, such as traditional photo prints, giant enlargements, prints on canvas, “coffee-table book” style hardcover photo books and a vast line of personalized stationery, note cards and invites. The stores are equipped with state of the art touchscreen displays to create a fun and exciting way for everyone to create magic with their photos. All a customer needs to do is walk in with their photographs in print or digital format, then let their imagination and the ZoomIn team take over.
A One Stop Photo Studio: While the ZoomIn Studio has introduced an exciting array of innovations in celebrating life through photos such as the Photo book, canvas print, custom 100% cotton tee; the traditional and essential needs of a photo taking professional, enthusiast or family member have not been ignored. Professional quality photo prints from wallet to giant wall sized enlargements are available in multiple finishes such as matte, glossy, lustre and metallic. These professional prints are available for next day pickup at the studio, delivery to the home or worldwide through ZoomIn’s network of delivery partners. Also launching with the Studios is the ZoomIn Passport Photo Pack. A single click by a trained professional at the ZoomIn Studio is probably the last time you will need to get a passport photo taken. Instant reorders of your passport prints will be available online and at any ZoomIn Studio location nationwide through an SMS.
Sunny Balijepalli, Co-Founder and CEO, Zoomin.com said, “Our goal both online and now through the launch of retail stores has been consistent – we want to allow everyone in the family experience first-hand the magic possible through the exciting new developments in digital photography and on-demand personalization and printing. We’re especially thrilled to have partnered with Crossword Bookstores to launch our first wave of stores around the country. As a service that aims to preserve a family’s favourite moments, ZoomIn’s offerings fit particularly well with the store demographics. We see this partnership as a great opportunity to strengthen our distribution network and to take ZoomIn’s photo and personalization services closer to its target audience. We are excited about our growth plans to reach out to a wider audience across the country and aim to expand the number of ZoomIn Studios to 25 by end of this year, in a variety of formats and locations.”
According to industry reports, the Indian digital printing industry is growing at a whopping CAGR of 85%. Camera enabled handset sales are also expected to boost digital photography over the next few years. “We’re seeing very encouraging growth in the area of personalization as there is a plethora of readily available digital content and consumers are looking at innovative ways to celebrate them. ZoomIn Studio is a service built for India, serving a Diaspora that is connected through memories and their celebration through photos”, added Sunny.
ZoomIn had successfully launched its first exclusive franchise store in Mumbai in September 2009.
The Exciting Launch Offer: The ZoomIn Studio is excited to celebrate its launch with a free gift to all its customers. For a limited time, every walk-in customer to the ZoomIn Studio in Mulund Crosssword Bookstore will be eligible to receive a set of 25 free Photo Prints or a free Photo Book with their first purchase at the store.
Tags:Photography franchise, photo studio franchise, photo store franchise,zoomin.com, zoomin, franchise store,new franchise, unique franchise,India Franchise, Mumbai Franchise,
A Photo Studio for Today’s Generation
The chic new ZoomIn Studio format is a significant step in empowering the “memory keepers” of the family and giving them the tools to express, create and preserve their ‘moments of magic’ through photos. Unlike any traditional photo retail store experience available today, the design and execution of each Studio has focused on creating a collaborative experience zone for customers to touch and feel stunningly beautiful and evocative photo gifts, get inspired and work with expert designers on the spot to tell their own story through photos. With a wide selection of products and services on display, such as traditional photo prints, giant enlargements, prints on canvas, “coffee-table book” style hardcover photo books and a vast line of personalized stationery, note cards and invites. The stores are equipped with state of the art touchscreen displays to create a fun and exciting way for everyone to create magic with their photos. All a customer needs to do is walk in with their photographs in print or digital format, then let their imagination and the ZoomIn team take over.
A One Stop Photo Studio: While the ZoomIn Studio has introduced an exciting array of innovations in celebrating life through photos such as the Photo book, canvas print, custom 100% cotton tee; the traditional and essential needs of a photo taking professional, enthusiast or family member have not been ignored. Professional quality photo prints from wallet to giant wall sized enlargements are available in multiple finishes such as matte, glossy, lustre and metallic. These professional prints are available for next day pickup at the studio, delivery to the home or worldwide through ZoomIn’s network of delivery partners. Also launching with the Studios is the ZoomIn Passport Photo Pack. A single click by a trained professional at the ZoomIn Studio is probably the last time you will need to get a passport photo taken. Instant reorders of your passport prints will be available online and at any ZoomIn Studio location nationwide through an SMS.
Sunny Balijepalli, Co-Founder and CEO, Zoomin.com said, “Our goal both online and now through the launch of retail stores has been consistent – we want to allow everyone in the family experience first-hand the magic possible through the exciting new developments in digital photography and on-demand personalization and printing. We’re especially thrilled to have partnered with Crossword Bookstores to launch our first wave of stores around the country. As a service that aims to preserve a family’s favourite moments, ZoomIn’s offerings fit particularly well with the store demographics. We see this partnership as a great opportunity to strengthen our distribution network and to take ZoomIn’s photo and personalization services closer to its target audience. We are excited about our growth plans to reach out to a wider audience across the country and aim to expand the number of ZoomIn Studios to 25 by end of this year, in a variety of formats and locations.”
According to industry reports, the Indian digital printing industry is growing at a whopping CAGR of 85%. Camera enabled handset sales are also expected to boost digital photography over the next few years. “We’re seeing very encouraging growth in the area of personalization as there is a plethora of readily available digital content and consumers are looking at innovative ways to celebrate them. ZoomIn Studio is a service built for India, serving a Diaspora that is connected through memories and their celebration through photos”, added Sunny.
ZoomIn had successfully launched its first exclusive franchise store in Mumbai in September 2009.
The Exciting Launch Offer: The ZoomIn Studio is excited to celebrate its launch with a free gift to all its customers. For a limited time, every walk-in customer to the ZoomIn Studio in Mulund Crosssword Bookstore will be eligible to receive a set of 25 free Photo Prints or a free Photo Book with their first purchase at the store.
Tags:Photography franchise, photo studio franchise, photo store franchise,zoomin.com, zoomin, franchise store,new franchise, unique franchise,India Franchise, Mumbai Franchise,
Thursday, April 29, 2010
Naukri Chaupal Seeks Investor Franchisee Partner For Its Employability Skill Training Franchise
The project on offer is a higher education institution to impart UG and PG level Technology, Business and other professional courses on contemporary and sunrise sectors like fashion, lifestyle, retail, wellness, hospitality, aviation, etc.
The fundamental difference between this institution and thousands of others across the country will be its 100% goal will be to impart a very high level of professional skills through extensive hands on training and industry exposure to enhance the employability level much higher than its competitors.
Today, any institution’s success solely dependent on the success of its students which is measured by the placements and their career growth in sue course. The student community is very well aware about these and they always run for admissions in those institutions.
It takes just a year to earn 50% of such reputation when students are offered with excellent internships and only 2 years to earn 100% of it when students are being placed.
It has been just 8 years, I have moved from overseas from a global industry career to education management in India and just like my exceptionally result oriented global career of nearly 24 years, my tenure in education has been extremely successful. I have earned a national level reputation as an academician, as an academic leader and also as a outstanding profit center head.
I am looking for investor/s who are keen to get into this high profile, high profit and extremely safe as well as recession free industry. The return on investment in this industry is far more faster than most others and its most prestigious industry too.
The franchisee partner/investor should be able to invest between Rs. 5 to 10 crore based on which the project size will differ.
The uniqueness of the proposed institution is that it will offer UG and PG level technology, management and media related courses with the specializations which are not offered by the competitors and so its students will be much more employable than its competitors in the market.
There are many other areas which will make this institution unique in India such as Teaching-Learning culture, Pedagogy, Hands on and application oriented learning, longer industry internships, Technology usage, Global curriculum, larger ratio of industry professional faculty members, in-house technology and business incubation, etc. are just to name a few.
There are millions of finer details that makes this project the best of its kind in the country and like all my previous projects my Midas touch will make a great difference with guaranteed success.
The project has an expansion plan to set up 5 more campuses across the country within 4-5 years and there will be no more expansions of campuses in India to ensure continuity and quality. There could be overseas campuses in Dubai, Manila, Bangkok and Singapore in due course.
What is Naukri Chaupal:
Naukri Chaupal is a network which will provide corporate world an easy access to the latent talent pool that is dispersed all across India. Naukri Chaupal will gather this dispersed human resource capital into a single easily accessible unit and make it available to the national and multinational companies.
Is Naukri Chaupal a New Concept?
Yes. It’s an initiative of Laurent and Benon which links the latent talent pool of the urban and semi urban areas with major brands and reputed corporates. It’s an effort to reach out to the human resource in small towns and cities which remains untapped by the national and multinational corporations (including many Fortune 500 companies).
Why Naukri Chaupal?
* Based nation wide.
* Deals with front-line to corporate positions.
* Has its own corporate client base.
* Direct connection with corporate.
* It’s a dynamic link between corporate and the HR prospect pool that is scattered all across the country.
* Extensive grass root penetration.
Tags:Education Franchise, naukri chaupal,skill enhancement franchise, vocational franchise, Investment Franchise,unique franchise, new franchise.
The fundamental difference between this institution and thousands of others across the country will be its 100% goal will be to impart a very high level of professional skills through extensive hands on training and industry exposure to enhance the employability level much higher than its competitors.
Today, any institution’s success solely dependent on the success of its students which is measured by the placements and their career growth in sue course. The student community is very well aware about these and they always run for admissions in those institutions.
It takes just a year to earn 50% of such reputation when students are offered with excellent internships and only 2 years to earn 100% of it when students are being placed.
It has been just 8 years, I have moved from overseas from a global industry career to education management in India and just like my exceptionally result oriented global career of nearly 24 years, my tenure in education has been extremely successful. I have earned a national level reputation as an academician, as an academic leader and also as a outstanding profit center head.
I am looking for investor/s who are keen to get into this high profile, high profit and extremely safe as well as recession free industry. The return on investment in this industry is far more faster than most others and its most prestigious industry too.
The franchisee partner/investor should be able to invest between Rs. 5 to 10 crore based on which the project size will differ.
The uniqueness of the proposed institution is that it will offer UG and PG level technology, management and media related courses with the specializations which are not offered by the competitors and so its students will be much more employable than its competitors in the market.
There are many other areas which will make this institution unique in India such as Teaching-Learning culture, Pedagogy, Hands on and application oriented learning, longer industry internships, Technology usage, Global curriculum, larger ratio of industry professional faculty members, in-house technology and business incubation, etc. are just to name a few.
There are millions of finer details that makes this project the best of its kind in the country and like all my previous projects my Midas touch will make a great difference with guaranteed success.
The project has an expansion plan to set up 5 more campuses across the country within 4-5 years and there will be no more expansions of campuses in India to ensure continuity and quality. There could be overseas campuses in Dubai, Manila, Bangkok and Singapore in due course.
What is Naukri Chaupal:
Naukri Chaupal is a network which will provide corporate world an easy access to the latent talent pool that is dispersed all across India. Naukri Chaupal will gather this dispersed human resource capital into a single easily accessible unit and make it available to the national and multinational companies.
Is Naukri Chaupal a New Concept?
Yes. It’s an initiative of Laurent and Benon which links the latent talent pool of the urban and semi urban areas with major brands and reputed corporates. It’s an effort to reach out to the human resource in small towns and cities which remains untapped by the national and multinational corporations (including many Fortune 500 companies).
Why Naukri Chaupal?
* Based nation wide.
* Deals with front-line to corporate positions.
* Has its own corporate client base.
* Direct connection with corporate.
* It’s a dynamic link between corporate and the HR prospect pool that is scattered all across the country.
* Extensive grass root penetration.
Tags:Education Franchise, naukri chaupal,skill enhancement franchise, vocational franchise, Investment Franchise,unique franchise, new franchise.
Wednesday, April 28, 2010
Godrej Interio Opens Its First Franchise Store In Chennai
Godrej Interio brings to Chennai a new Designer Furniture destination at Velachery, Bypass Road Godrej Interio arrives with the latest spring 2010 collection
Godrej Interio, India's leading home, office furniture & Interior Solutions Company today launched its first Franchise store in the city at Velachery, Bypass Road in association with Sarada Agencies, one of the leading Wholesale Dealers of Home & Office furniture in Chennai. The store is located in key retail hub of Chennai and is a perfect lifestyle destination. The store was inaugurated by Mr. Anil Mathur, COO, Godrej Interio.
Chennai, Tamil Nadu, April 28, 2010 -- Godrej Interio is totally committed to providing the highest quality furniture. The design teams work closely with consumers to determine their likes and preferences and these requirements are what can be seen in the products. While the designs are contemporary they reflect the lifestyle needs of the Indian consumers.
The store showcases vibrant, innovative furniture designed by renowned In house designers at Godrej Interio to give its customers the best shopping experience. Spread over an area of 5500 sq ft the Godrej Interio store has great visibility and is located at the most happening shopping area in Chennai.
Mr. Anil Mathur, COO, Godrej Interio on the occasion said "We are delighted to open our first franchisee store in Chennai. Godrej Interio is India's largest furniture brand and has been committed in delivering and bringing alive every consumers dream space. We are looking at expansion constantly to reach more and more consumers and plan to launch 70 stores by the year 2013".
Mr. Mathur also added that foraying into the franchise business will not only provide improved & consistent customer experience across all Godrej Interio stores but will also help in delighting customers by gaining better control and knowledge through a direct interface.
Notes to Editor
Godrej Interio integrates the concept of functional and contemporary furniture. A perfect amalgamation of time tested values and contemporary outlook. It's vibrant stylish and comfortable. When it comes to furniture, be it office, home or even designer furniture like the recent range of home furniture designed by Krsna Mehta, Godrej Interio has the entire range under one roof. Godrej Interio delivers ergonomically designed & contemporary Seating, Desking, Open Plan Office Systems, Storages, Bedroom Sets, Dining sets, Kitchens, Labs, Hospitals, Interiors, Carpets, Modular accommodation for the Navy and Kid's furniture-that are comfortable, healthy and productive. With the range of Home furniture & decor solutions, Godrej provides the warmth & comfort that reflects a happy, at ease family.
Sarada Agencies, a Company set up in 1952 by the promoter family of Facit Typewriters, diversified into the field of Office Furniture in 1970. It took up wholesale dealership of Godrej range of Home & Office Furniture in 2001 and in a short span of time topped the list of major contributors. They set up their first home store for Godrej Furniture in 2001 in Adyar, a cosmopolitan area in South Chennai. Since the potential of home furniture business was growing, they set up furniture showroom at Velachery, in June 2008 displaying all range of Godrej Home and Office Furniture and has been a one stop shop for all Furniture requirements. Taking that relation forward they now have a brand new, modern and spacious franchise store, which will make the Godrej Interio shopping a Bigger, Brighter, Better experience.
The Godrej Interio group to stand true to the Godrej mission to conserve the environment, designs products, sets up processes and uses raw materials that are eco-friendly to do their bit to preserve natural resources.
Source:PR Wire
Tags:Chennai Franchise,Godrej Interio, furniture franchise, Franchise Business, furniture business, best franchise,franchise store, new franchise, godrej franchise, furniture store
Godrej Interio, India's leading home, office furniture & Interior Solutions Company today launched its first Franchise store in the city at Velachery, Bypass Road in association with Sarada Agencies, one of the leading Wholesale Dealers of Home & Office furniture in Chennai. The store is located in key retail hub of Chennai and is a perfect lifestyle destination. The store was inaugurated by Mr. Anil Mathur, COO, Godrej Interio.
Chennai, Tamil Nadu, April 28, 2010 -- Godrej Interio is totally committed to providing the highest quality furniture. The design teams work closely with consumers to determine their likes and preferences and these requirements are what can be seen in the products. While the designs are contemporary they reflect the lifestyle needs of the Indian consumers.
The store showcases vibrant, innovative furniture designed by renowned In house designers at Godrej Interio to give its customers the best shopping experience. Spread over an area of 5500 sq ft the Godrej Interio store has great visibility and is located at the most happening shopping area in Chennai.
Mr. Anil Mathur, COO, Godrej Interio on the occasion said "We are delighted to open our first franchisee store in Chennai. Godrej Interio is India's largest furniture brand and has been committed in delivering and bringing alive every consumers dream space. We are looking at expansion constantly to reach more and more consumers and plan to launch 70 stores by the year 2013".
Mr. Mathur also added that foraying into the franchise business will not only provide improved & consistent customer experience across all Godrej Interio stores but will also help in delighting customers by gaining better control and knowledge through a direct interface.
Notes to Editor
Godrej Interio integrates the concept of functional and contemporary furniture. A perfect amalgamation of time tested values and contemporary outlook. It's vibrant stylish and comfortable. When it comes to furniture, be it office, home or even designer furniture like the recent range of home furniture designed by Krsna Mehta, Godrej Interio has the entire range under one roof. Godrej Interio delivers ergonomically designed & contemporary Seating, Desking, Open Plan Office Systems, Storages, Bedroom Sets, Dining sets, Kitchens, Labs, Hospitals, Interiors, Carpets, Modular accommodation for the Navy and Kid's furniture-that are comfortable, healthy and productive. With the range of Home furniture & decor solutions, Godrej provides the warmth & comfort that reflects a happy, at ease family.
Sarada Agencies, a Company set up in 1952 by the promoter family of Facit Typewriters, diversified into the field of Office Furniture in 1970. It took up wholesale dealership of Godrej range of Home & Office Furniture in 2001 and in a short span of time topped the list of major contributors. They set up their first home store for Godrej Furniture in 2001 in Adyar, a cosmopolitan area in South Chennai. Since the potential of home furniture business was growing, they set up furniture showroom at Velachery, in June 2008 displaying all range of Godrej Home and Office Furniture and has been a one stop shop for all Furniture requirements. Taking that relation forward they now have a brand new, modern and spacious franchise store, which will make the Godrej Interio shopping a Bigger, Brighter, Better experience.
The Godrej Interio group to stand true to the Godrej mission to conserve the environment, designs products, sets up processes and uses raw materials that are eco-friendly to do their bit to preserve natural resources.
Source:PR Wire
Tags:Chennai Franchise,Godrej Interio, furniture franchise, Franchise Business, furniture business, best franchise,franchise store, new franchise, godrej franchise, furniture store
Wednesday, April 21, 2010
Raymonds Franchise Stores to Be Added This Year In More Than 100 New Locations Across India
Raymond to take franchisee route to open 100 stores
Mumbai:Friday 16 April, 2010, The Rs 1,200-crore Raymond Ltd is planning to open 100 retail stores through its franchisee network in tier-IV and V cities like Bijapur, Mandya and Bellary in Karnataka, and Ahmednagar and Bhandara in Maharashtra, among others, in calendar year 2010. This is more than the 76 franchise stores the company opened in 2009-10 with an investment of around Rs 25 crore.
The branded apparel and textile major currently has approximately 10 lakh sq ft of retail space across 520-odd stores. Of these, around 60 are owned by the firm.
‘The Raymond Shop’ stores stock exclusive Raymond brands, which include ColorPlus, Park Avenue and Parx. Around 450 are the company’s franchisees. Retailing contributes 49% to the company’s overall revenues.
Raymond president (retail & business development) Rakesh Pandey said: “We are opening 100 stores through our franchisee network in tier IV and V cities by the end of this calendar year.” He added that the revenues from these stores are expected to be around Rs 30 crore.
The total revenue from the retail business could not be ascertained because some of Raymond's brands are produced by its subsidiaries, and will only be available in company’s annual balance sheet.
Last week, the company launched a ‘made-to-measure’ store at Palladium, located in the famous Phoenix Mills mall in Mumbai. The store is a 500 sq ft area, which mainly offers custom fits of garments.
In fiscal 2009, Raymond operated with a same-store-sales (SSS) growth of 7% and closed its third quarter with a total income of Rs 375 crore. The Raymond group has around 12 subsidiaries, out of which Raymond handles the textiles, engineering and aviation businesses. Other subsidiaries include Raymond Apparel Ltd, ColourPlus Fashion Ltd, EverBlue Apparel Ltd and Silver Spark Apparel.
Last October, the company CMD Gautam Singhania had announced an investment of Rs 100 crore to open about 300 stores across the country by end-March 2011 as part of Raymond’s expansion plans.
Tags:Best Franchise, Retail Franchise, Top Franchise,franchise companies, new franchise
Mumbai:Friday 16 April, 2010, The Rs 1,200-crore Raymond Ltd is planning to open 100 retail stores through its franchisee network in tier-IV and V cities like Bijapur, Mandya and Bellary in Karnataka, and Ahmednagar and Bhandara in Maharashtra, among others, in calendar year 2010. This is more than the 76 franchise stores the company opened in 2009-10 with an investment of around Rs 25 crore.
The branded apparel and textile major currently has approximately 10 lakh sq ft of retail space across 520-odd stores. Of these, around 60 are owned by the firm.
‘The Raymond Shop’ stores stock exclusive Raymond brands, which include ColorPlus, Park Avenue and Parx. Around 450 are the company’s franchisees. Retailing contributes 49% to the company’s overall revenues.
Raymond president (retail & business development) Rakesh Pandey said: “We are opening 100 stores through our franchisee network in tier IV and V cities by the end of this calendar year.” He added that the revenues from these stores are expected to be around Rs 30 crore.
The total revenue from the retail business could not be ascertained because some of Raymond's brands are produced by its subsidiaries, and will only be available in company’s annual balance sheet.
Last week, the company launched a ‘made-to-measure’ store at Palladium, located in the famous Phoenix Mills mall in Mumbai. The store is a 500 sq ft area, which mainly offers custom fits of garments.
In fiscal 2009, Raymond operated with a same-store-sales (SSS) growth of 7% and closed its third quarter with a total income of Rs 375 crore. The Raymond group has around 12 subsidiaries, out of which Raymond handles the textiles, engineering and aviation businesses. Other subsidiaries include Raymond Apparel Ltd, ColourPlus Fashion Ltd, EverBlue Apparel Ltd and Silver Spark Apparel.
Last October, the company CMD Gautam Singhania had announced an investment of Rs 100 crore to open about 300 stores across the country by end-March 2011 as part of Raymond’s expansion plans.
Tags:Best Franchise, Retail Franchise, Top Franchise,franchise companies, new franchise
Friday, April 16, 2010
McDonalds Of Fitness, Curves Fitness Franchise Signs Master License For India.
Curves, one of the largest fitness centre franchise, announced that its master license for India, CFW International Inc (Curves India) signed a Memorandum of Understanding (MoU) with Hyderabad-based supermarket Q-Mart Retail Ventures.
“We want to bring our proven program of health and fitness to Indian women,” said David Ramadan, CEO, Curves India. "Now that Curves is the 'McDonald’s of fitness' in the USA and the world, with one Curves location for every three McDonalds, we want to bring 'the McDonalds of fitness' to India with over 200 locations in the next three years," he added.
Having begun franchising in 1995, Curves targeted 50 franchise locations at the end of the year and reached 1,000 locations within 36 months and nearly 10,000 locations in just 10 years.
Further, Q-Mart announced for the development of 15 Curves for women franchisees in Hyderabad.
Further Tags:Women Gyms,new franchise,women franchise, gym franchise,
“We want to bring our proven program of health and fitness to Indian women,” said David Ramadan, CEO, Curves India. "Now that Curves is the 'McDonald’s of fitness' in the USA and the world, with one Curves location for every three McDonalds, we want to bring 'the McDonalds of fitness' to India with over 200 locations in the next three years," he added.
Having begun franchising in 1995, Curves targeted 50 franchise locations at the end of the year and reached 1,000 locations within 36 months and nearly 10,000 locations in just 10 years.
Further, Q-Mart announced for the development of 15 Curves for women franchisees in Hyderabad.
Further Tags:Women Gyms,new franchise,women franchise, gym franchise,
Thursday, March 4, 2010
Budget 2010: What it brings to the franchise industry
With most of the market signals remaining positive with Union Budget 2010-11, consumer is happy being at the center stage of consumption story and is in a better position than a year ago. However, challenges remain. Read on to know what is in platter for for the SMEs and franchise industry.
Franchise industry has been looking forward several regulatory as well as policy reforms to facilitates its growth. A positive GST outlook by government and rise in threshold for tax compliances has been seen as a very positive move by the franchise industry. However the long impending demand of abolishing dual taxation on the franchise services has been clearly ignored by the policy makers. Presently both service tax as well as VAT are imposed upon the franchise services which distorts the franchise model completely.Morover service tax on rental proceed further makes deters the profitable feasibility. In all it has been the budget has been moderately favorable for the franchise industry. Gaurav Marya ,President, Franchise India Holding Ltd shares’’ The budget 2010-11 brings a reasonable assortment for small retailers as well as franchisors. While increased income tax exemption limits will certainly boost consumption, imposing service tax on rental property distorts retail business models by making the accessibility of retail spaces precipitously expensive, hence making it unviable to sustain profitably.'
According to D P S Kohli, Chariman, Koutons Retail India Ltd, ‘Overall, it has been a mixed budget for us. New tax slabs and rates have been introduced which would offer 60 per cent relief to the tax payers providing them with greater disposable income. This would provide the necessary boost to consumer’s spending a pre-requisite to unleash the true growth momentum of the retail sector.
In addition, reduction of surcharge on domestic companies that the finance minister has announced is sure to accelerate the expansion plans for the retail players at home. However, industry status continues to delude the retail sector. This is a disappointment since this is the first step towards reforming the sector and organising the highly unorganised sector. The hike in the excise duty is also not favorable for us since this might directly affect the quality of production.
Badrinath, Director, Accretive Global stated that the budget has both the shades of gray and white for the franchise industry he further explains detail implications
The good news
No change in service tax rates and the same continues at 10.3 per cent. The FM in his budget speech states that this proposal is “to maintain the growth momentum and also to bring about a convergence in the rates of tax on goods and services.”
Small businesses stand benefited on account of lower direct tax compliance costs. The threshold for having the accounts audited for tax has been increased from 40 lacs to 60 lacs. Further, small businesses with turnover/receipts lower than 60 lacs can also choose to be covered by the presumptive tax system. The threshold earlier was only 40 lacs.
The frequency of remittance of central excise is extended to quarterly basis from the current scheme of monthly payments for units operating under the SSI Scheme.
As a welcome step, exemption from 4 per cent special additional duty of customs is granted to mobile phones, watches and garments imported in pre-packed condition for retail sale.
The not so good news
The FM has retrospectively amended the provisions relating to levy of service tax on renting of immovable property. The judgment of the Delhi High Court in the case of Home Solutions Retail is negated by making mere renting of immovable property liable to service tax.
Further, much against the industry expectations, the FM has retained the CST at 2 per cent and the base rate of excise is increased from 8 per cent to 10 per cent.
The FM has extended service-tax on health check-up services provided to employees of a business-entity or persons covered under health-insurance-schemes if such payment is made by the business entity or insurance company. This is likely to increase the cost of healthcare services. However, if carefully managed, the franchisee in this sector could claim credits of service tax paid on various input services such as renting of immovable property and franchisee fee which is currently adding to the cost of the operations. This could reduce the net price impact for the end consumer.
As the franchise industry brings with its surge innovative new franchise business models to tap the potential of Indian consumption, it also demands a favorable ecosystem which can be realized by necessary monetary policy reforms.
Franchise industry has been looking forward several regulatory as well as policy reforms to facilitates its growth. A positive GST outlook by government and rise in threshold for tax compliances has been seen as a very positive move by the franchise industry. However the long impending demand of abolishing dual taxation on the franchise services has been clearly ignored by the policy makers. Presently both service tax as well as VAT are imposed upon the franchise services which distorts the franchise model completely.Morover service tax on rental proceed further makes deters the profitable feasibility. In all it has been the budget has been moderately favorable for the franchise industry. Gaurav Marya ,President, Franchise India Holding Ltd shares’’ The budget 2010-11 brings a reasonable assortment for small retailers as well as franchisors. While increased income tax exemption limits will certainly boost consumption, imposing service tax on rental property distorts retail business models by making the accessibility of retail spaces precipitously expensive, hence making it unviable to sustain profitably.'
According to D P S Kohli, Chariman, Koutons Retail India Ltd, ‘Overall, it has been a mixed budget for us. New tax slabs and rates have been introduced which would offer 60 per cent relief to the tax payers providing them with greater disposable income. This would provide the necessary boost to consumer’s spending a pre-requisite to unleash the true growth momentum of the retail sector.
In addition, reduction of surcharge on domestic companies that the finance minister has announced is sure to accelerate the expansion plans for the retail players at home. However, industry status continues to delude the retail sector. This is a disappointment since this is the first step towards reforming the sector and organising the highly unorganised sector. The hike in the excise duty is also not favorable for us since this might directly affect the quality of production.
Badrinath, Director, Accretive Global stated that the budget has both the shades of gray and white for the franchise industry he further explains detail implications
The good news
No change in service tax rates and the same continues at 10.3 per cent. The FM in his budget speech states that this proposal is “to maintain the growth momentum and also to bring about a convergence in the rates of tax on goods and services.”
Small businesses stand benefited on account of lower direct tax compliance costs. The threshold for having the accounts audited for tax has been increased from 40 lacs to 60 lacs. Further, small businesses with turnover/receipts lower than 60 lacs can also choose to be covered by the presumptive tax system. The threshold earlier was only 40 lacs.
The frequency of remittance of central excise is extended to quarterly basis from the current scheme of monthly payments for units operating under the SSI Scheme.
As a welcome step, exemption from 4 per cent special additional duty of customs is granted to mobile phones, watches and garments imported in pre-packed condition for retail sale.
The not so good news
The FM has retrospectively amended the provisions relating to levy of service tax on renting of immovable property. The judgment of the Delhi High Court in the case of Home Solutions Retail is negated by making mere renting of immovable property liable to service tax.
Further, much against the industry expectations, the FM has retained the CST at 2 per cent and the base rate of excise is increased from 8 per cent to 10 per cent.
The FM has extended service-tax on health check-up services provided to employees of a business-entity or persons covered under health-insurance-schemes if such payment is made by the business entity or insurance company. This is likely to increase the cost of healthcare services. However, if carefully managed, the franchisee in this sector could claim credits of service tax paid on various input services such as renting of immovable property and franchisee fee which is currently adding to the cost of the operations. This could reduce the net price impact for the end consumer.
As the franchise industry brings with its surge innovative new franchise business models to tap the potential of Indian consumption, it also demands a favorable ecosystem which can be realized by necessary monetary policy reforms.
Tuesday, March 2, 2010
Top 100 Franchise In India: India Franchise Rankings
Maverick Franchise Brands launches India Franchise Rankings 2010
Inaugural India Franchise Rankings, a first of its kind, annual exercise initiated.
Mumbai, India 2nd March 2010: With an aim to encourage and promote best practices in franchising in India, Maverick Franchise Ventures (MFV India) announced the launch of the first-of-its kind 'India Franchise Rankings 2010'- awards to honour the achievements and the entrepreneurial spirit of Indian franchisors. India Franchise Rankings 2010 is an annual exercise aimed at encouraging franchise companies.
Despite there being several initiatives to award franchise brands, none of them have the a clear methodology on the basis of which they are ranked. The current awards gauge franchise recruitment progress and is where number and expansion driven, leaving behind a lot of more important parameters, no. of franchisee locations closed, franchisee profitability and success ratios.
The franchisee - entrepreneur of today complements the core Indian values of respect, freedom and hard work. Franchising shapes the lives of 85,000 Plus Franchisees across India, these franchisee - entrepreneurs transform and mould the franchise system and spreads the same entrepreneurial idea, within their family.
Considering the undividable association of celebration and entrepreneurship, MFV India decided to salute these 'solid gold franchisors' and acknowledge their contribution to the Indian Economy.
Speaking on this occasion, Dhawal Shah, Founder of MFV India said, that, 'We are pleased to launch the inaugural India Franchise Rankings 2010. Today's franchisees and businessmen are always on the lookout for franchise and business opportunities, but are not aware of various companies. With our propreitory index, we have developed a methodology for evaluating and assessing India's leading franchise companies'.
Silvio Zannoni, one of the investors in Maverick Franchise Ventures, on this occasion said that, 'Our Partnership with Way2Franchise.com has been quite successful in helping us launch unique-first initiatives like the India Franchise Rankings, Similar to our online franchise portal in Italy, we will definitely see us increase our market share in India as well.
Since, November 2009, the MFV India Team has been constantly examining franchisors and confidentially surveying franchisees. Participation in the franchisee’s surveys is anonymous; franchisees receive codes for confidentiality. Some of them, that prefer to speak over the telephone are not asked for their identity or location. Here is how we compile this mega-list--the first, best and most comprehensive franchise ranking in India. The process began in November 2009, when we asked franchisors to participate in this year's survey. Each submission was vetted before being entered for data analysis, with 164 companies making the first cut. Of those, the top 100 companies made the Franchise 100 ranking, based on franchisee satisfaction and profitability.
Geetanjali Mehlwal, a legal expert and an experienced franchise veteran said that, 'India Franchise Rankings is a much needed initiative that will benefit everyone in the franchise industry in India as well as provide foreign franchisors with a fair idea about the performance of the Indian franchise industry'
All companies, regardless of size, are judged by the same criteria: objective, quantifiable measures of a franchise operation. The most important factors include financial strength and stability, growth rate and size of the system. We also consider the number of years a company has been in business and the length of time it's been franchising, start-up costs, percentage of terminations, and whether the company provides financing.
All the factors are plugged into our proprietary methodology, with each eligible company receiving a cumulative score. The 100 franchises with the highest cumulative scores become the India Franchise 100. Remember that the India Franchise 100 is not intended to endorse, advertise or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. MFV India stresses that you should always conduct your own independent investigation before investing money in a franchise.
The winners of the inaugural annual India Franchise Rankings 2010 Competition honoring excellence in franchising are:
1 Raymonds
2 Angel
3 Subway
4 Eurokids
5 NIIT
6 Helen O Grady
7 Siyarams
8 Aptech Computer Education
9 Coffee Day Xpress
10 Reliance Money
11 Koutons
12 Career Launcher
13 TIME
14 Motilal Oswal
15 Institute of Management Studies
16 Spykar Jeans
17 Max Mind Abacus
18 Kwality Walls
19 Bachpan Play School
20 Levis
21 ICICI Securities
22 Animaster
23 N Power
24 The Apollo Clinic
25 VETA
26 Jawed Habib Hair Xpreso
27 Podar Happy Kids
28 Golds Gym
29 Cartridge World
30 Easy Bill
31 Sharekhan
32 Suvidha
33 Academy Of Broadcasting
34 Flair English
35 India Infoline
36 Karrox
37 Snap Fitness
38 Srinathjis
39 Way2Wealth
40 Abacus Mental Mathematics Academy
41 US Dollar Store
42 Texas Chicken
43 US Pizza
44 K Lounge
45 Sykes and Ray Equities
46 Fashion and I
47 Sarva Jal
48 The Loot Store
49 VLCC
50 Institute of Computer Accountants
51 English Express
52 Sykes and Ray Equities
53 Remax
54 Go Chaatz
55 iPlayiLearn
56 LJ Hooker
57 Avalon
58 Ace Tours and Travels
59 Clipso beauty School
60 Jumbo King Foods
61 Desk to Desk Couriers (DTDC)
62 Belmonte Apparel (S. Kumars)
63 Animation Traning School (ANTS)
64 Oxford Book Store
65 Zapak Gameplex
66 Time Zone India
67 Frameboxx
68 Castol Bike Zone
69 Tanclean
70 SVK Institute of Management
71 Pizza Corner
72 Re-Feel
73 Jetking Infotrain
74 Ideal Play Abacus (IPA)
75 Comfort Securities
76 Sagar Ratna
77 Sykes and Ray Equities
78 Mahindra First Choice
79 Zee Institute of Creative Arts
80 Russell's Institute of English
81 Geetanjali Group
82 Dandy Collection
83 Adidas
84 Kaati Zone
85 Gini and Jony
86 Kidzee
87 REBI
88 Baskin Robbins
89 Java Green
90 Slice of Italy
91 ABC Montessori
92 Western Union Money Transfer
93 Multi Utility Solutions
94 Appin Knowledge Solutions
95 Talwalkar's Gyms
96 Ventura Securities
97 Reebok
98 Sharkey's Cuts for Kids
99 Tropical Sno
100 Vichare Couriers
Legal Disclaimer:
Before making any commitment, or paying any money, it is essential that prospective buyers make their own careful enquiries, discuss the franchise opportunity with any other franchisees and take appropriate professional advice from an experienced franchise consultant.we ar any of our sponsors or endorsers or related companies will be responsible or liable for losses, costs and expenses, including consequential losses and any failure of business which may result from the use of this information or the use of or reliance on data contained in it.
Inaugural India Franchise Rankings, a first of its kind, annual exercise initiated.
Mumbai, India 2nd March 2010: With an aim to encourage and promote best practices in franchising in India, Maverick Franchise Ventures (MFV India) announced the launch of the first-of-its kind 'India Franchise Rankings 2010'- awards to honour the achievements and the entrepreneurial spirit of Indian franchisors. India Franchise Rankings 2010 is an annual exercise aimed at encouraging franchise companies.
Despite there being several initiatives to award franchise brands, none of them have the a clear methodology on the basis of which they are ranked. The current awards gauge franchise recruitment progress and is where number and expansion driven, leaving behind a lot of more important parameters, no. of franchisee locations closed, franchisee profitability and success ratios.
The franchisee - entrepreneur of today complements the core Indian values of respect, freedom and hard work. Franchising shapes the lives of 85,000 Plus Franchisees across India, these franchisee - entrepreneurs transform and mould the franchise system and spreads the same entrepreneurial idea, within their family.
Considering the undividable association of celebration and entrepreneurship, MFV India decided to salute these 'solid gold franchisors' and acknowledge their contribution to the Indian Economy.
Speaking on this occasion, Dhawal Shah, Founder of MFV India said, that, 'We are pleased to launch the inaugural India Franchise Rankings 2010. Today's franchisees and businessmen are always on the lookout for franchise and business opportunities, but are not aware of various companies. With our propreitory index, we have developed a methodology for evaluating and assessing India's leading franchise companies'.
Silvio Zannoni, one of the investors in Maverick Franchise Ventures, on this occasion said that, 'Our Partnership with Way2Franchise.com has been quite successful in helping us launch unique-first initiatives like the India Franchise Rankings, Similar to our online franchise portal in Italy, we will definitely see us increase our market share in India as well.
Since, November 2009, the MFV India Team has been constantly examining franchisors and confidentially surveying franchisees. Participation in the franchisee’s surveys is anonymous; franchisees receive codes for confidentiality. Some of them, that prefer to speak over the telephone are not asked for their identity or location. Here is how we compile this mega-list--the first, best and most comprehensive franchise ranking in India. The process began in November 2009, when we asked franchisors to participate in this year's survey. Each submission was vetted before being entered for data analysis, with 164 companies making the first cut. Of those, the top 100 companies made the Franchise 100 ranking, based on franchisee satisfaction and profitability.
Geetanjali Mehlwal, a legal expert and an experienced franchise veteran said that, 'India Franchise Rankings is a much needed initiative that will benefit everyone in the franchise industry in India as well as provide foreign franchisors with a fair idea about the performance of the Indian franchise industry'
All companies, regardless of size, are judged by the same criteria: objective, quantifiable measures of a franchise operation. The most important factors include financial strength and stability, growth rate and size of the system. We also consider the number of years a company has been in business and the length of time it's been franchising, start-up costs, percentage of terminations, and whether the company provides financing.
All the factors are plugged into our proprietary methodology, with each eligible company receiving a cumulative score. The 100 franchises with the highest cumulative scores become the India Franchise 100. Remember that the India Franchise 100 is not intended to endorse, advertise or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. MFV India stresses that you should always conduct your own independent investigation before investing money in a franchise.
The winners of the inaugural annual India Franchise Rankings 2010 Competition honoring excellence in franchising are:
1 Raymonds
2 Angel
3 Subway
4 Eurokids
5 NIIT
6 Helen O Grady
7 Siyarams
8 Aptech Computer Education
9 Coffee Day Xpress
10 Reliance Money
11 Koutons
12 Career Launcher
13 TIME
14 Motilal Oswal
15 Institute of Management Studies
16 Spykar Jeans
17 Max Mind Abacus
18 Kwality Walls
19 Bachpan Play School
20 Levis
21 ICICI Securities
22 Animaster
23 N Power
24 The Apollo Clinic
25 VETA
26 Jawed Habib Hair Xpreso
27 Podar Happy Kids
28 Golds Gym
29 Cartridge World
30 Easy Bill
31 Sharekhan
32 Suvidha
33 Academy Of Broadcasting
34 Flair English
35 India Infoline
36 Karrox
37 Snap Fitness
38 Srinathjis
39 Way2Wealth
40 Abacus Mental Mathematics Academy
41 US Dollar Store
42 Texas Chicken
43 US Pizza
44 K Lounge
45 Sykes and Ray Equities
46 Fashion and I
47 Sarva Jal
48 The Loot Store
49 VLCC
50 Institute of Computer Accountants
51 English Express
52 Sykes and Ray Equities
53 Remax
54 Go Chaatz
55 iPlayiLearn
56 LJ Hooker
57 Avalon
58 Ace Tours and Travels
59 Clipso beauty School
60 Jumbo King Foods
61 Desk to Desk Couriers (DTDC)
62 Belmonte Apparel (S. Kumars)
63 Animation Traning School (ANTS)
64 Oxford Book Store
65 Zapak Gameplex
66 Time Zone India
67 Frameboxx
68 Castol Bike Zone
69 Tanclean
70 SVK Institute of Management
71 Pizza Corner
72 Re-Feel
73 Jetking Infotrain
74 Ideal Play Abacus (IPA)
75 Comfort Securities
76 Sagar Ratna
77 Sykes and Ray Equities
78 Mahindra First Choice
79 Zee Institute of Creative Arts
80 Russell's Institute of English
81 Geetanjali Group
82 Dandy Collection
83 Adidas
84 Kaati Zone
85 Gini and Jony
86 Kidzee
87 REBI
88 Baskin Robbins
89 Java Green
90 Slice of Italy
91 ABC Montessori
92 Western Union Money Transfer
93 Multi Utility Solutions
94 Appin Knowledge Solutions
95 Talwalkar's Gyms
96 Ventura Securities
97 Reebok
98 Sharkey's Cuts for Kids
99 Tropical Sno
100 Vichare Couriers
Legal Disclaimer:
Before making any commitment, or paying any money, it is essential that prospective buyers make their own careful enquiries, discuss the franchise opportunity with any other franchisees and take appropriate professional advice from an experienced franchise consultant.we ar any of our sponsors or endorsers or related companies will be responsible or liable for losses, costs and expenses, including consequential losses and any failure of business which may result from the use of this information or the use of or reliance on data contained in it.
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