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 top franchise. Show all posts
Showing posts with label top franchise. Show all posts
Friday, August 27, 2010
Saturday, July 24, 2010
GridBots Looks at 85 Retail Franchise Stores In 2010-2011.
"We are looking to open another 85 retail franchise stores pan-India, besides the existing 15 such outlets to showcase our entire range of Robots," Founder Grid Bots Pulkit Gaur told PTI.
"The concept of Robot retail stores is new in India and is fast drawing attention from people, as we are ushering into a technology driven era," Gaur said, who founded the company in 2007, with the assistance of Centre for Innovation Incubation and Entrepreneurship (CIIE) at Indian Institute of Management, Ahemdabad(IIM-A) here.
"The response at our existing outlets, including cities like Ahmedabad, Jaipur, Chennai, Rajkot has been very encouraging, as people coming there get a chance to understand everything they ever wanted to know about robots," Gaur said.
"Amongst the start up companies incubated in CIIE at IIM-A, Grid Bots is instrumental in setting up Robotic laboratories in schools and engineering colleges," Joint CEO CIIE Pranay Gupta said, adding that the company has been doing well since there business model is very knew to India.
The company manufactures Robots for educational purposes, besides those providing working solutions for small and medium enterprises and petty household chores.
"We have leads for setting up 25 robotic laboratories in schools and engineering institutes across India," Gaur said.
"The company can also offer course material for starting robotics in schools or colleges," Pranay Gupta said.
"Robots manufactured by them are capable of cleaning large tanks of industrial units, they can scrub the tank floors," Pranay Gupta said adding that they have recently launched a robot, which is customised for performing jobs in hospitality industry.
"The robot is capable of acting as a waiter in any hotel," Gupta claimed.
"In the education sector they are manufacturing robots, which even a 6-7 year-old child can programme to perform certain tasks like for operating personal computer, follow a line," he said.
CIIE at IIM-A provides financial assistance to companies coming up with innovative ideas in preferred sectors like Internet and Mobile, Healthcare and Clean technology solutions, Gupta said.
The Centre provides financial assistance to select start up companies between Rs 3 lakh and 30 lakh, he added.
Tags:Robotics Franchise, Retail Franchise Stores, Grid Bots, Gridbots, robot retail stores, robot franchise, pulkit gaur, pranay gupta, financial assistancet, Start Up Franchise, innovative franchise, emerging franchise,Top Franchise,
Source:Ahmedabad, July 24, PTI
This Blog has been posted by Sparkleminds, A Franchise Consulting Company Based At Bangalore, India, Offering Complete Franchise Solutions Nationally and Internationally for more than a decade now.Visit www.sparkleminds.com for more details.
"The concept of Robot retail stores is new in India and is fast drawing attention from people, as we are ushering into a technology driven era," Gaur said, who founded the company in 2007, with the assistance of Centre for Innovation Incubation and Entrepreneurship (CIIE) at Indian Institute of Management, Ahemdabad(IIM-A) here.
"The response at our existing outlets, including cities like Ahmedabad, Jaipur, Chennai, Rajkot has been very encouraging, as people coming there get a chance to understand everything they ever wanted to know about robots," Gaur said.
"Amongst the start up companies incubated in CIIE at IIM-A, Grid Bots is instrumental in setting up Robotic laboratories in schools and engineering colleges," Joint CEO CIIE Pranay Gupta said, adding that the company has been doing well since there business model is very knew to India.
The company manufactures Robots for educational purposes, besides those providing working solutions for small and medium enterprises and petty household chores.
"We have leads for setting up 25 robotic laboratories in schools and engineering institutes across India," Gaur said.
"The company can also offer course material for starting robotics in schools or colleges," Pranay Gupta said.
"Robots manufactured by them are capable of cleaning large tanks of industrial units, they can scrub the tank floors," Pranay Gupta said adding that they have recently launched a robot, which is customised for performing jobs in hospitality industry.
"The robot is capable of acting as a waiter in any hotel," Gupta claimed.
"In the education sector they are manufacturing robots, which even a 6-7 year-old child can programme to perform certain tasks like for operating personal computer, follow a line," he said.
CIIE at IIM-A provides financial assistance to companies coming up with innovative ideas in preferred sectors like Internet and Mobile, Healthcare and Clean technology solutions, Gupta said.
The Centre provides financial assistance to select start up companies between Rs 3 lakh and 30 lakh, he added.
Tags:Robotics Franchise, Retail Franchise Stores, Grid Bots, Gridbots, robot retail stores, robot franchise, pulkit gaur, pranay gupta, financial assistancet, Start Up Franchise, innovative franchise, emerging franchise,Top Franchise,
Source:Ahmedabad, July 24, PTI
This Blog has been posted by Sparkleminds, A Franchise Consulting Company Based At Bangalore, India, Offering Complete Franchise Solutions Nationally and Internationally for more than a decade now.Visit www.sparkleminds.com for more details.
Monday, May 3, 2010
Veta English Speaking Franchise Looks at Expansion in Delhi and North India Aggressively.
May 03, 2010
Veta, Asia’s largest spoken English training academy and a brand owned by Amoha Education (P) Ltd, has announced plans to open 80 franchise centres across north Indian states and 20 company-owned centres in Delhi-NCR region this fiscal. The company’s franchise centres would come up in states like Bihar, Jharkhand, Madhya Pradesh, Chhattisgarh, Punjab, Rajasthan, Uttar Pradesh and Uttarakhand. Each centre will be established with an investment of Rs 20-30 lakh depending on the location, city and rental advance, according to its top official.
Announcing the expansion plans, K V Rajan, executive director, Veta said, “New Delhi presumed as an administrative capital of the country is in the verge of transforming itself into a large commercial hub in Asia through new developments taking place in the existing business sector. The economy of north India as a whole is also booming through the establishment of new industries coming up in the region. These developments ensure that there is a constant need to develop and polish the spoken English skills that is so much a requirement today.”
“A total investment of Rs 22 crore has been earmarked for expansion. Amoha Education (P) Ltd will invest Rs 6 crore, while the remaining Rs 16 crore will be invested by the franchisees. We are sure this venture would be a success, since the domestic education learning market is poised for growth at a fast pace. We are also planning aggressive marketing campaigns in the next fiscal to increase the connectivity to our target group. In view of this we have tied-up with best in class marketing experts in the industry,” adds Rajan.
To strengthen its aggressive expansion plans, Veta recently roped in James Walter Thomson (JWT) for the creative services and Mind Share for the media services
Tags:VETA, English Franchise, Language Franchise, English Training Franchise,K V Rajan, Amoha Education, Education Franchise, Women Franchise, Training Franchise,
top franchise,
Veta, Asia’s largest spoken English training academy and a brand owned by Amoha Education (P) Ltd, has announced plans to open 80 franchise centres across north Indian states and 20 company-owned centres in Delhi-NCR region this fiscal. The company’s franchise centres would come up in states like Bihar, Jharkhand, Madhya Pradesh, Chhattisgarh, Punjab, Rajasthan, Uttar Pradesh and Uttarakhand. Each centre will be established with an investment of Rs 20-30 lakh depending on the location, city and rental advance, according to its top official.
Announcing the expansion plans, K V Rajan, executive director, Veta said, “New Delhi presumed as an administrative capital of the country is in the verge of transforming itself into a large commercial hub in Asia through new developments taking place in the existing business sector. The economy of north India as a whole is also booming through the establishment of new industries coming up in the region. These developments ensure that there is a constant need to develop and polish the spoken English skills that is so much a requirement today.”
“A total investment of Rs 22 crore has been earmarked for expansion. Amoha Education (P) Ltd will invest Rs 6 crore, while the remaining Rs 16 crore will be invested by the franchisees. We are sure this venture would be a success, since the domestic education learning market is poised for growth at a fast pace. We are also planning aggressive marketing campaigns in the next fiscal to increase the connectivity to our target group. In view of this we have tied-up with best in class marketing experts in the industry,” adds Rajan.
To strengthen its aggressive expansion plans, Veta recently roped in James Walter Thomson (JWT) for the creative services and Mind Share for the media services
Tags:VETA, English Franchise, Language Franchise, English Training Franchise,K V Rajan, Amoha Education, Education Franchise, Women Franchise, Training Franchise,
top franchise,
Monday, April 26, 2010
Jetking To Add 20 New Locations For Its Computer Education Franchise Network.
Jetking to open 20 new franchises across India
New Delhi | Sunday, Apr 25 2010 IST
Aiming to bring education to every door step, Jetking Infotrain Ltd is all set to open 20 new franchises in the country this year. The institute, that trains youth in computer hardware and networking, has over 135 training centers at present and claims to have placed about four lakh technical and non-technical students in various companies. ''The new centres will be primarily focused in eastern and southern part of the country. The locations will include Tamil Nadu, Kerala and Andhra Pradesh in south, along with the north-eastern states,'' Urvashi Bharwani, Vice-president, Sales and Marketing, Jetking Infotrain Ltd, told UNI today. The present centres include more than 10 in Delhi and NCR wherein students from all over the country such as Rewari, Sri Ganganagar, Bijnor, Gorakhpur, Allahabad, Haldwani and Delhi and NCR study. Talking about the teaching methodology used at the centres, Ms Bharwani stated that building confidence along with providing right skills to the students remained their priority. ''The students are trained by certified trainers who have already been trained by our technical team. Efforts remain constant to upgrade their knowledge according to the industry needs so as to motivate them in performing well,'' she said. The institute uses its unique Smartlab Plus teaching methodology that focuses on personality development, English-speaking, Yoga, sixty per cent practical, CBT, field visits and quizzes.
''Through this methodology, we break the journey of the student into small interesting steps maintaining his or her interest,'' Ms Bharwani said. The institute has launched a new course this year named Jetking Certified Hardware and Networking Engineer (JCHNE). It is a year long course wherein the classes are held for two hours daily. The institute also organises placement weeks in every city annually. The last one was held on April 6 wherein more than 35 students got on the spot job offers and around 260 students were short-listed at the fair, Ms Bharwani claimed. She added that 950 students (under-graduates and graduates) from 19 different centers and representatives of 13 IT companies had participated in the event.
Tags:Computer Franchise,education franchise,hardware franchise,top franchise,best franchise,franchise brand,training franchise
New Delhi | Sunday, Apr 25 2010 IST
Aiming to bring education to every door step, Jetking Infotrain Ltd is all set to open 20 new franchises in the country this year. The institute, that trains youth in computer hardware and networking, has over 135 training centers at present and claims to have placed about four lakh technical and non-technical students in various companies. ''The new centres will be primarily focused in eastern and southern part of the country. The locations will include Tamil Nadu, Kerala and Andhra Pradesh in south, along with the north-eastern states,'' Urvashi Bharwani, Vice-president, Sales and Marketing, Jetking Infotrain Ltd, told UNI today. The present centres include more than 10 in Delhi and NCR wherein students from all over the country such as Rewari, Sri Ganganagar, Bijnor, Gorakhpur, Allahabad, Haldwani and Delhi and NCR study. Talking about the teaching methodology used at the centres, Ms Bharwani stated that building confidence along with providing right skills to the students remained their priority. ''The students are trained by certified trainers who have already been trained by our technical team. Efforts remain constant to upgrade their knowledge according to the industry needs so as to motivate them in performing well,'' she said. The institute uses its unique Smartlab Plus teaching methodology that focuses on personality development, English-speaking, Yoga, sixty per cent practical, CBT, field visits and quizzes.
''Through this methodology, we break the journey of the student into small interesting steps maintaining his or her interest,'' Ms Bharwani said. The institute has launched a new course this year named Jetking Certified Hardware and Networking Engineer (JCHNE). It is a year long course wherein the classes are held for two hours daily. The institute also organises placement weeks in every city annually. The last one was held on April 6 wherein more than 35 students got on the spot job offers and around 260 students were short-listed at the fair, Ms Bharwani claimed. She added that 950 students (under-graduates and graduates) from 19 different centers and representatives of 13 IT companies had participated in the event.
Tags:Computer Franchise,education franchise,hardware franchise,top franchise,best franchise,franchise brand,training franchise
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, December 4, 2009
Koutons to Add 100 Stores This Year
Retail apparel firm Koutons India, with an aim of expanding its presence in India, has mentioned that it will be coming up with 100 new stores across the nation. It also mentioned that it hopes that its revenue witnesses a growth of 35% during the 2009 – 2010 fiscal year.
"We are planning to open at least 100 more stores, taking our retail chain's strength to 1,500 stores’, said the Koutons Retail president Balvinder Singh while addressing the media on the margins of an event in New Delhi.
"We are on an expansion mode, and our franchise business model is doing well specially in tier II cities. This year even amid slowdown, we are expecting a growth of 30-35 percent," he added.
In 2008-09, the company had posted a turnover of Rs.1,000 crore.
Koutons is looking to consolidate its presence across the different regions of the country to have a penetrated national foot print.
"We are planning to open at least 100 more stores, taking our retail chain's strength to 1,500 stores’, said the Koutons Retail president Balvinder Singh while addressing the media on the margins of an event in New Delhi.
"We are on an expansion mode, and our franchise business model is doing well specially in tier II cities. This year even amid slowdown, we are expecting a growth of 30-35 percent," he added.
In 2008-09, the company had posted a turnover of Rs.1,000 crore.
Koutons is looking to consolidate its presence across the different regions of the country to have a penetrated national foot print.
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