M&B Footwear goes the franchisee way
Thursday, 01 April 2010 07:05
M&B Footwear, the footwear retail chain, with multiple footwear franchise brands is planning to expand its retail presence through the franchise route in metros, mini metros and smaller cities and towns. Vikas Bagga, VP, marketing and corporate affairs, M&B Footwear says that, most of the franchised stores will be in north, notably Punjab and adjoining belt, and east in the first phase. Some of the outlets will be operational before the end of the first quarter of the financial year 2010-11. The endeavor is to set up moderate to mid-sized walk-in M&B stores, spread over 500-1,000 sq. ft. of carpet area, in premium malls and high street locations. Bagga also says that, the property lease for nine years would have to be directly secured by the franchisee else the franchisee could offer and operate out of their wholly-owned premises. The franchisee will have to invest close to Rs 10 to 15 lakh on fixtures and fittings and Rs 20 to 25 lakh in stock inventory.
The retail chain’s franchise route is being perceived as futuristic as it would ensure it franchise expansion plan. M&B plans to set up 15-20 walk-in outlets. The brand offers an array of distinctive international and national lifestyle footwear brands including Lee Cooper, Geox, ID, Provogue, Merrell and Firangi. Currently, it has 41 exclusive concept stores, located in premium malls and high streets, 97 shop-in-shops with large format stores such as Westside, Pantaloons, Shoppers Stop and Central and 62 factory showrooms in India.
Thursday, April 1, 2010
Wednesday, March 31, 2010
Destination Maternity Opens 2 More Motherhood Maternity Stores In India
PHILADELPHIA, March 31 /PRNewswire-FirstCall/ -- Destination Maternity Corporation (Nasdaq: DEST), the world's leading maternity apparel retailer, announced the opening of two more Motherhood Maternity® shop-in-shops in India. Motherhood's trendy, affordable maternity fashions are now available for the first time at the Mantri Mall in Bangalore, India and the Korum Mall in Thane, India. Motherhood Maternity shop-in-shops are found in Mom & Me® stores which are owned and operated by Mahindra Retail, part of the Mahindra Group, Destination Maternity's franchisee in India. Mom & Me stores offer an extensive range of pre- and post-natal products including maternity wear, baby clothes, toys, wellness products, nursery furniture and more. Including these two new locations, there are now a total of eleven Motherhood shop-in-shops in Mom & Me stores in India.
Under a multi-year franchise agreement, Destination Maternity has granted to Mahindra Retail, the master franchise, the exclusive rights to operate branded retail locations and market merchandise under the Company's Motherhood Maternity, Destination Maternity®, and A Pea in the Pod® brands in India. Mahindra Retail is part of the Mahindra Group. The Mahindra Group is one of India's leading federation of companies with operations in several key sectors of the Indian economy.
About Destination Maternity Corporation
Destination Maternity Corporation is the world's largest designer and retailer of maternity apparel. In the United States and Canada, as of February 28, 2010, Destination Maternity operates 1,689 retail locations, including 711 stores, predominantly under the tradenames Motherhood Maternity®, A Pea in the Pod®, and Destination Maternity®, and sells on the web through its DestinationMaternity.com and brand-specific websites. Destination Maternity also distributes its Oh Baby by Motherhood® collection through a licensed arrangement at Kohl's® stores throughout the United States and on Kohls.com. In addition, Destination Maternity is expanding internationally and has entered into exclusive store franchise and product supply relationships in India and the Middle East.
About Mahindra Retail
Mahindra Retail is an extension of the Mahindra Group's trading foray in the domestic India market. Apart from distributing toys, games and wellness products under licenses from various international brands like Mattel® and NUK®, it has now entered into a unique venture with the launch of Mom & Me stores, which specialize in infant and maternity care.
Mom & Me stores are built around the unique needs of mothers to be, young mothers, infants and children up to the age of nine. The absence of a single retail outlet addressing mother and child product and non-medical advisory needs is the most critical need gap that Mom & Me seeks to address with a one-stop store for moms and kids across the country. Mom & Me stores carry a range of the best international brands and private labels to give Indian mothers unparalleled choice. Mom & Me now has stores in Ahmadabad, Bangalore, Delhi, Ludhiana, Mumbai, Pune and Vadodara.
About Mahindra Group
Mahindra is a US $6.3 billion Indian multinational company. It employs over 1,00,000 people across the globe and enjoys a leadership position in utility vehicles, tractors and information technology, with a significant and growing presence in financial services, tourism, infrastructure development, trade and logistics. The Mahindra Group today is an embodiment of global excellence and integrity.
Mahindra is one of the few Indian companies to receive an A+ GRI checked rating for its first Sustainability Report for the year 2007-08 and has also received the A+ GRI rating for the year 2008- 09. For more information, please visit www.mahindra.com
Destination Maternity Corporation (the "Company") cautions that any forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995) contained in this press release or made from time to time by management of the Company, including those regarding international expansion, results of operations, financial condition, and various business initiatives, involve risks and uncertainties, and are subject to change based on various important factors. The following factors, among others, in some cases have affected and in the future could affect the Company's financial performance and actual results and could cause actual results to differ materially from those expressed or implied in any such forward-looking statements: the impact of the current global economic slowdown on the retail industry in general and on apparel purchases in particular, our ability to successfully manage our various business initiatives, our ability to successfully implement our merchandise brand and retail nameplate restructuring, the success of our international expansion, our ability to successfully manage and retain our leased department and licensed relationships and marketing partnerships, future sales trends in our existing store base, unusual weather patterns, changes in consumer spending patterns, raw material price increases, overall economic conditions and other factors affecting consumer confidence, demographics and other macroeconomic factors that may impact the level of spending for maternity apparel, expense savings initiatives, our ability to anticipate and respond to fashion trends and consumer preferences, anticipated fluctuations in our operating results, the impact of competition and fluctuations in the price, availability and quality of raw materials and contracted products, availability of suitable store locations, continued availability of capital and financing, goodwill impairment charges, our ability to hire and develop senior management and sales associates, our ability to develop and source merchandise, our ability to receive production from foreign sources on a timely basis, potential stock repurchases, potential debt prepayments, changes in market interest rates, war or acts of terrorism and other factors set forth in the Company's periodic filings with the Securities and Exchange Commission, or in materials incorporated therein by reference.
SOURCE Destination Maternity Corporation
Tags:A Pea In The Pod, Baby Franchise, Baby Products Franchise, Baby Stores, Destination Maternity, Franchise Agreement, Kids Franchise, Kids Stores, Master Franchise, Maternity Fashion, Mom and Me
Under a multi-year franchise agreement, Destination Maternity has granted to Mahindra Retail, the master franchise, the exclusive rights to operate branded retail locations and market merchandise under the Company's Motherhood Maternity, Destination Maternity®, and A Pea in the Pod® brands in India. Mahindra Retail is part of the Mahindra Group. The Mahindra Group is one of India's leading federation of companies with operations in several key sectors of the Indian economy.
About Destination Maternity Corporation
Destination Maternity Corporation is the world's largest designer and retailer of maternity apparel. In the United States and Canada, as of February 28, 2010, Destination Maternity operates 1,689 retail locations, including 711 stores, predominantly under the tradenames Motherhood Maternity®, A Pea in the Pod®, and Destination Maternity®, and sells on the web through its DestinationMaternity.com and brand-specific websites. Destination Maternity also distributes its Oh Baby by Motherhood® collection through a licensed arrangement at Kohl's® stores throughout the United States and on Kohls.com. In addition, Destination Maternity is expanding internationally and has entered into exclusive store franchise and product supply relationships in India and the Middle East.
About Mahindra Retail
Mahindra Retail is an extension of the Mahindra Group's trading foray in the domestic India market. Apart from distributing toys, games and wellness products under licenses from various international brands like Mattel® and NUK®, it has now entered into a unique venture with the launch of Mom & Me stores, which specialize in infant and maternity care.
Mom & Me stores are built around the unique needs of mothers to be, young mothers, infants and children up to the age of nine. The absence of a single retail outlet addressing mother and child product and non-medical advisory needs is the most critical need gap that Mom & Me seeks to address with a one-stop store for moms and kids across the country. Mom & Me stores carry a range of the best international brands and private labels to give Indian mothers unparalleled choice. Mom & Me now has stores in Ahmadabad, Bangalore, Delhi, Ludhiana, Mumbai, Pune and Vadodara.
About Mahindra Group
Mahindra is a US $6.3 billion Indian multinational company. It employs over 1,00,000 people across the globe and enjoys a leadership position in utility vehicles, tractors and information technology, with a significant and growing presence in financial services, tourism, infrastructure development, trade and logistics. The Mahindra Group today is an embodiment of global excellence and integrity.
Mahindra is one of the few Indian companies to receive an A+ GRI checked rating for its first Sustainability Report for the year 2007-08 and has also received the A+ GRI rating for the year 2008- 09. For more information, please visit www.mahindra.com
Destination Maternity Corporation (the "Company") cautions that any forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995) contained in this press release or made from time to time by management of the Company, including those regarding international expansion, results of operations, financial condition, and various business initiatives, involve risks and uncertainties, and are subject to change based on various important factors. The following factors, among others, in some cases have affected and in the future could affect the Company's financial performance and actual results and could cause actual results to differ materially from those expressed or implied in any such forward-looking statements: the impact of the current global economic slowdown on the retail industry in general and on apparel purchases in particular, our ability to successfully manage our various business initiatives, our ability to successfully implement our merchandise brand and retail nameplate restructuring, the success of our international expansion, our ability to successfully manage and retain our leased department and licensed relationships and marketing partnerships, future sales trends in our existing store base, unusual weather patterns, changes in consumer spending patterns, raw material price increases, overall economic conditions and other factors affecting consumer confidence, demographics and other macroeconomic factors that may impact the level of spending for maternity apparel, expense savings initiatives, our ability to anticipate and respond to fashion trends and consumer preferences, anticipated fluctuations in our operating results, the impact of competition and fluctuations in the price, availability and quality of raw materials and contracted products, availability of suitable store locations, continued availability of capital and financing, goodwill impairment charges, our ability to hire and develop senior management and sales associates, our ability to develop and source merchandise, our ability to receive production from foreign sources on a timely basis, potential stock repurchases, potential debt prepayments, changes in market interest rates, war or acts of terrorism and other factors set forth in the Company's periodic filings with the Securities and Exchange Commission, or in materials incorporated therein by reference.
SOURCE Destination Maternity Corporation
Tags:A Pea In The Pod, Baby Franchise, Baby Products Franchise, Baby Stores, Destination Maternity, Franchise Agreement, Kids Franchise, Kids Stores, Master Franchise, Maternity Fashion, Mom and Me
Timex To Expand Further Into Tier 1 & 2 Cities with 20 Franchise Stores
Timex to open 20 franchised stores in tier I and tier II cities
Last updated : March 31, 2010 03:33 IST
Timex Group, an Indian based watch maker company is planning to launch 20 franchised stores across the nation in the next fiscal year in tier I and II cities like Guntur, Kakinada, Asansol, Hazaribagh and few more to expand its footprint. The company is also planning to expand its presence in cities like Delhi-NCR region, Pune, Hyderabad, Ludhiana, Ahmedabad, Bengaluru, Chennai, Kolkata and Mumbai.
Presently, the company is operating 70 stores across India, both in kiosks and exclusive brand outlets EBO (The Time Factory format). The company requires an investment of Rs 10 to 15 lakh and an area of 120 sq. ft for Timex kiosk. While for The Time Factory, a franchisee requires an area of 450 to 650 sq.ft and an investment of around Rs 20 lakh.
Timex Group is expecting a growth of 10 per cent in the current fiscal year as against three per cent growth in 2009-10.
Tags:Watch Franchise,Watch Retail Store,Low Investment Franchise,Top Franchise
Last updated : March 31, 2010 03:33 IST
Timex Group, an Indian based watch maker company is planning to launch 20 franchised stores across the nation in the next fiscal year in tier I and II cities like Guntur, Kakinada, Asansol, Hazaribagh and few more to expand its footprint. The company is also planning to expand its presence in cities like Delhi-NCR region, Pune, Hyderabad, Ludhiana, Ahmedabad, Bengaluru, Chennai, Kolkata and Mumbai.
Presently, the company is operating 70 stores across India, both in kiosks and exclusive brand outlets EBO (The Time Factory format). The company requires an investment of Rs 10 to 15 lakh and an area of 120 sq. ft for Timex kiosk. While for The Time Factory, a franchisee requires an area of 450 to 650 sq.ft and an investment of around Rs 20 lakh.
Timex Group is expecting a growth of 10 per cent in the current fiscal year as against three per cent growth in 2009-10.
Tags:Watch Franchise,Watch Retail Store,Low Investment Franchise,Top Franchise
Monday, March 29, 2010
Top 100 Franchise Business Opportunities In India
ENTREPRENEURS:START A NEW BUSINESS.EXPLORE INDIA'S LIST OF FINEST FRANCHISE BRANDS.
Mar 29, 2010 – A look at the franchising Industry and the Top 100 Brands 2010 from different industries evaluated on the basis of their success, growth and concepts offered has been done by the franchising world magazine by Franchise India. The evaluation seems to have been done seeing the success and growth of the brand and how far they have been successful in retaining their success.A peek into the rankings reveals the following:
Established franchisors: Established franchisors are referred to as Masters of Franchising. These brands have successfully grown over the past 10 years and have contributed greatly to the franchise industry. The survey has listed 30 franchisors representing 30 brands in various sectors of franchising like, Education and pre-school, F&B, Apparel, Florists, Gifts and Greetings, Consumer Durable, Fashion and Accessories, Beauty, Health and Fitness, Automotive, Financial Service, and Bookstore Franchises.
Education Franchise: The most successful sector in the category of established brands is education and pre-school sector. Education franchising is the most established and lucrative franchise segment due growth of literacy rate and also due to the increase in disposable income particularly among the middle classes Moreover, the success of institutes such as Arena Multimedia, Cadd Centre, ICA, Jetking and NIIT show that the job opportunities in animation courses and the dependency on computers make more and more students opt for higher computer and software courses. With English language proving to be essential for job seekers, companies like Veta are the most successful franchises. Pre-schools are also proposed to be the best profit makers. With the increase in working women, the pre-schools are gaining momentum. Eurokids and Kidzee are among the top brands in pre-school category.
F&B:Food Franchise: With more and more people preferring to dine out and celebrate the small moments of life, the F&B is the next prominent category among the established players in franchising. Among the Indian players Sagar Ratna (south Indian cuisine) and Club City (multi specialty chain) are included in the top 30 established companies. Kwality Wall’s (ice-creams), Monginis (bakery chain), Amul (milk products)have also been included in the F&B sector.
Apparel:Garment Franchise: Franchisors in apparel segment have also established themselves successfully. Chhabra 555 leads the Indian wear category. Madura Garments, a readymade apparel chain and Raymonds, renowned textile company also occupy this section. They are followed by branded Western wear Spykar.
Beauty Franchise, Health, and Fitness Brands: Healthy soul rests in healthy body is what all beauty, health and fitness franchisors swear by. This trend has prompted the beauty and fitness brands to establish themselves as successful franchisors. With Indians, getting more beauty and health conscious, this sector provides ample business opportunities to the aspirants. Shahnaz Husain Group and VLCC are top established franchisors in this beauty and fitness category. Thyrocare is a leading established Diagnostic centre, offering franchise opportunity.
Fashion and accessory brands: With the changing preferences, there is a transition of traditional market to being more trendy and contemporary markets. With mostly women and youngsters preferring to endow themselves with jewellery and trendy accessories, this section also occupies our list of top established brands. Tanishq and Titan are the top players in the section.
Besides these, florists, gifts, automotive, financial services, consumer durables and book stores are the dominating established franchise categories. These sectors are also providing ample business opportunities to the aspirants to get associated with the successful franchisors.
Having highlighted the top established franchisors in India the decision for all aspiring entrepreneurs to take up the franchise business is much easier now.
explore the franchise lists that are available online.
So, what are you waiting for? Explore the various opportunities available in India and start franchising.
Mar 29, 2010 – A look at the franchising Industry and the Top 100 Brands 2010 from different industries evaluated on the basis of their success, growth and concepts offered has been done by the franchising world magazine by Franchise India. The evaluation seems to have been done seeing the success and growth of the brand and how far they have been successful in retaining their success.A peek into the rankings reveals the following:
Established franchisors: Established franchisors are referred to as Masters of Franchising. These brands have successfully grown over the past 10 years and have contributed greatly to the franchise industry. The survey has listed 30 franchisors representing 30 brands in various sectors of franchising like, Education and pre-school, F&B, Apparel, Florists, Gifts and Greetings, Consumer Durable, Fashion and Accessories, Beauty, Health and Fitness, Automotive, Financial Service, and Bookstore Franchises.
Education Franchise: The most successful sector in the category of established brands is education and pre-school sector. Education franchising is the most established and lucrative franchise segment due growth of literacy rate and also due to the increase in disposable income particularly among the middle classes Moreover, the success of institutes such as Arena Multimedia, Cadd Centre, ICA, Jetking and NIIT show that the job opportunities in animation courses and the dependency on computers make more and more students opt for higher computer and software courses. With English language proving to be essential for job seekers, companies like Veta are the most successful franchises. Pre-schools are also proposed to be the best profit makers. With the increase in working women, the pre-schools are gaining momentum. Eurokids and Kidzee are among the top brands in pre-school category.
F&B:Food Franchise: With more and more people preferring to dine out and celebrate the small moments of life, the F&B is the next prominent category among the established players in franchising. Among the Indian players Sagar Ratna (south Indian cuisine) and Club City (multi specialty chain) are included in the top 30 established companies. Kwality Wall’s (ice-creams), Monginis (bakery chain), Amul (milk products)have also been included in the F&B sector.
Apparel:Garment Franchise: Franchisors in apparel segment have also established themselves successfully. Chhabra 555 leads the Indian wear category. Madura Garments, a readymade apparel chain and Raymonds, renowned textile company also occupy this section. They are followed by branded Western wear Spykar.
Beauty Franchise, Health, and Fitness Brands: Healthy soul rests in healthy body is what all beauty, health and fitness franchisors swear by. This trend has prompted the beauty and fitness brands to establish themselves as successful franchisors. With Indians, getting more beauty and health conscious, this sector provides ample business opportunities to the aspirants. Shahnaz Husain Group and VLCC are top established franchisors in this beauty and fitness category. Thyrocare is a leading established Diagnostic centre, offering franchise opportunity.
Fashion and accessory brands: With the changing preferences, there is a transition of traditional market to being more trendy and contemporary markets. With mostly women and youngsters preferring to endow themselves with jewellery and trendy accessories, this section also occupies our list of top established brands. Tanishq and Titan are the top players in the section.
Besides these, florists, gifts, automotive, financial services, consumer durables and book stores are the dominating established franchise categories. These sectors are also providing ample business opportunities to the aspirants to get associated with the successful franchisors.
Having highlighted the top established franchisors in India the decision for all aspiring entrepreneurs to take up the franchise business is much easier now.
explore the franchise lists that are available online.
So, what are you waiting for? Explore the various opportunities available in India and start franchising.
Friday, March 26, 2010
Multiple Brands Open Joint Franchise Stores
Re-feel ClubLaptop Opens A Joint Franchise Store in Jodhpur
It is the biggest franchise store for the company till date at 700 square feet. It is a spectacular store has received immense response from the consumers so far.
Within its inception of only two months ClubLaptop caught on the imagination of the customers and franchisees alike and now boasts of opening 16 franchise stores in 13 cities of India. However, the most spectacular Re-feel-ClubLaptop store so far has been the Jodhpur franchise store. Started on March 7, 2010, the franchise in jodhpur is the biggest one till date with an area of 700 square feet.
Says Puneet Daga, the Jodhpur franchisee, who happens to be the owner of this store, “It was only because of encouragement and support from ClubLaptop that I could open this franchise store. They provided me with all sorts of possible assistance that I required.”
ClubLaptop has embarked on an industry that has been majorly untapped. ClubLaptop is a first of its kind retail service chain that provides quality repair services at affordable prices. Moreover, it aims to be a one-stop solution for all kinds of queries on laptop care and accessories.
Speaking about the store, Mr Amit Barmecha, Director Franchise Development, Re-feel and ClubLaptop said, “At Re-feel we use cutting edge technology and state of art equipment to ensure print quality and print quantity, both similar to the original cartridges. We target to open 250 Re-feel cartridge store and 300 ClubLaptop stores by the end of 2011 and contribute by setting quality benchmark in an otherwise unorganized market.”
Echoing the enthusiasm, Mr. Daga said, “With increasing awareness among the Indian users about using environmental friendly and cost effective alternatives, we are positive about the store receiving a great response for both cartridge refilling and laptop servicing.”
Mr. Daga said, “I have received a very good initial response and my entire team has been well trained and supported by Re-feel.”
Clublaptop, the laptop service franchise specialist, offers a one stop solution for laptop repair and laptop accessories. Pioneered by young entrepreneurs, ClubLaptop is a unique initiative of establishing a chain of branded laptop repair stores in India. Customers will get fast, friendly, reliable and affordable laptop repair and care services from the store. ClubLaptop stands out to be a better alternative to the authorized service centers for affordable pricing, fast turn around time and world class service.
The Re-feel & ClubLaptop project is a pedestal to the cost cutting mantra of the corporate power houses. More than 10 billion cartridges are projected to end up in landfills. Considering, that one cartridge dumped, takes 400-1000 years to biodegrade, this a great environmental hazard. And unfortunately with every passing day, the problem is getting worse.
The number of cartridges in landfill increases by 12 per cent each year. To the contrary, Re-feel, in the course of over two years, has saved over 4 Lac cartridges from being dumped into landfills and would save many more in the future. Discarding laptops due to problems is a common practice, thereby creating a huge amount of e-waste. Re-feel group is dedicated in providing low cost environment friendly solutions to the customers.
With service, trust, knowledge & technology forming the core brand differentiators, Re-feel is a highly committed organization that offers superior solutions to its ever growing customer base through Re-feel & ClubLaptop Stores through out India.
Re-feel Cartridge Engineering has been given the prestigious award for "The Emerging Company of The Year", 2009, at the Annual Franchise & Star Retailer Awards, 2009.
Re-feel (re-feel.in) has also been ranked amongst Top 30 emerging franchisors and Top 100 business opportunities in India, 2009 by the Franchising World, Asia’s highest selling franchise magazine.
Source: NewswireToday - /newswire/ - Kolkata, West Bengal, India, 03/26/2010 -
It is the biggest franchise store for the company till date at 700 square feet. It is a spectacular store has received immense response from the consumers so far.
Within its inception of only two months ClubLaptop caught on the imagination of the customers and franchisees alike and now boasts of opening 16 franchise stores in 13 cities of India. However, the most spectacular Re-feel-ClubLaptop store so far has been the Jodhpur franchise store. Started on March 7, 2010, the franchise in jodhpur is the biggest one till date with an area of 700 square feet.
Says Puneet Daga, the Jodhpur franchisee, who happens to be the owner of this store, “It was only because of encouragement and support from ClubLaptop that I could open this franchise store. They provided me with all sorts of possible assistance that I required.”
ClubLaptop has embarked on an industry that has been majorly untapped. ClubLaptop is a first of its kind retail service chain that provides quality repair services at affordable prices. Moreover, it aims to be a one-stop solution for all kinds of queries on laptop care and accessories.
Speaking about the store, Mr Amit Barmecha, Director Franchise Development, Re-feel and ClubLaptop said, “At Re-feel we use cutting edge technology and state of art equipment to ensure print quality and print quantity, both similar to the original cartridges. We target to open 250 Re-feel cartridge store and 300 ClubLaptop stores by the end of 2011 and contribute by setting quality benchmark in an otherwise unorganized market.”
Echoing the enthusiasm, Mr. Daga said, “With increasing awareness among the Indian users about using environmental friendly and cost effective alternatives, we are positive about the store receiving a great response for both cartridge refilling and laptop servicing.”
Mr. Daga said, “I have received a very good initial response and my entire team has been well trained and supported by Re-feel.”
Clublaptop, the laptop service franchise specialist, offers a one stop solution for laptop repair and laptop accessories. Pioneered by young entrepreneurs, ClubLaptop is a unique initiative of establishing a chain of branded laptop repair stores in India. Customers will get fast, friendly, reliable and affordable laptop repair and care services from the store. ClubLaptop stands out to be a better alternative to the authorized service centers for affordable pricing, fast turn around time and world class service.
The Re-feel & ClubLaptop project is a pedestal to the cost cutting mantra of the corporate power houses. More than 10 billion cartridges are projected to end up in landfills. Considering, that one cartridge dumped, takes 400-1000 years to biodegrade, this a great environmental hazard. And unfortunately with every passing day, the problem is getting worse.
The number of cartridges in landfill increases by 12 per cent each year. To the contrary, Re-feel, in the course of over two years, has saved over 4 Lac cartridges from being dumped into landfills and would save many more in the future. Discarding laptops due to problems is a common practice, thereby creating a huge amount of e-waste. Re-feel group is dedicated in providing low cost environment friendly solutions to the customers.
With service, trust, knowledge & technology forming the core brand differentiators, Re-feel is a highly committed organization that offers superior solutions to its ever growing customer base through Re-feel & ClubLaptop Stores through out India.
Re-feel Cartridge Engineering has been given the prestigious award for "The Emerging Company of The Year", 2009, at the Annual Franchise & Star Retailer Awards, 2009.
Re-feel (re-feel.in) has also been ranked amongst Top 30 emerging franchisors and Top 100 business opportunities in India, 2009 by the Franchising World, Asia’s highest selling franchise magazine.
Source: NewswireToday - /newswire/ - Kolkata, West Bengal, India, 03/26/2010 -
Start A New Franchise Business In India: Franchise Opportunities pave way for the wannabe entrepreneurs
Creating New Business Opportunities Through Franchise
The franchise in India is emerging out as a new business option for many first timers to small scale entrepreneurs in India. That’s why a franchisor is usually seen searching for good franchise opportunities that would enable him/her to implement on a new business idea or ensure growth to the existing business.
Franchise in India serves as a good alternative & provides business owners excellent franchise opportunities that can be handles on a trial & test basis. It is the franchisor of a reputed brand who would be responsible for laying out most of the rules upon which franchise opportunities seekers are needed to act on for bringing out instant visibility.
However, one needs to carefully consider certain factors before settling for a particular franchise in India business from so many:
Set your goal – Find out the possible causes for venturing into this business. How profitable it would be for you & what amount of ROI do you think this business can fetch you? One of the most important thing, are you committed to keep up with it? For increased business prospective, you need to generate business for the franchisor thereby highlighting it. Many franchise opportunities are of traditional types & don’t offer much in terms of monetary support & skill set. If you think you can run the business on your own without the necessity of all the franchise costs then it would be better to invest in it alone.
Don’t initiate unless you have requisite funds – Some of the popular franchise opportunities come for a heavy price. In such cases you have to pay for hundreds of thousands of rupees annually as the annual franchise fee which may again vary from one place to another. What strategies the franchisors follow are not all same & differ a lot from franchisor to another.Read the franchise document properly and in particular the franchise agreement. One good example is the leading garment franchise Arvind who would sale goods on consignment orders & decided a commission for franchisees based on its value. Another one is the CADD, the training & education franchise company who fixes up a territory wise flat franchise fee irrespective of quantity.
In the earlier negotiation stage, the franchisor will try to make the offer look like attractive & their ROI calculations are most likely to be centered around the setup cost, initial franchise fee & royalty payments if any. Don’t forget that the business is not likely to keep growing from the first day itself & you will have to pay for the necessary requirements for a while. So avoid opting for the franchise in India franchise offers if you don’t have sufficient resources to continue with it for initial years. If you still have faith in your planning but facing fund crunch, forge partnership with some one who can provide you with necessary back up. In any case, don’t take the risk of staring it unless you have necessary fund.
The franchise in India is emerging out as a new business option for many first timers to small scale entrepreneurs in India. That’s why a franchisor is usually seen searching for good franchise opportunities that would enable him/her to implement on a new business idea or ensure growth to the existing business.
Franchise in India serves as a good alternative & provides business owners excellent franchise opportunities that can be handles on a trial & test basis. It is the franchisor of a reputed brand who would be responsible for laying out most of the rules upon which franchise opportunities seekers are needed to act on for bringing out instant visibility.
However, one needs to carefully consider certain factors before settling for a particular franchise in India business from so many:
Set your goal – Find out the possible causes for venturing into this business. How profitable it would be for you & what amount of ROI do you think this business can fetch you? One of the most important thing, are you committed to keep up with it? For increased business prospective, you need to generate business for the franchisor thereby highlighting it. Many franchise opportunities are of traditional types & don’t offer much in terms of monetary support & skill set. If you think you can run the business on your own without the necessity of all the franchise costs then it would be better to invest in it alone.
Don’t initiate unless you have requisite funds – Some of the popular franchise opportunities come for a heavy price. In such cases you have to pay for hundreds of thousands of rupees annually as the annual franchise fee which may again vary from one place to another. What strategies the franchisors follow are not all same & differ a lot from franchisor to another.Read the franchise document properly and in particular the franchise agreement. One good example is the leading garment franchise Arvind who would sale goods on consignment orders & decided a commission for franchisees based on its value. Another one is the CADD, the training & education franchise company who fixes up a territory wise flat franchise fee irrespective of quantity.
In the earlier negotiation stage, the franchisor will try to make the offer look like attractive & their ROI calculations are most likely to be centered around the setup cost, initial franchise fee & royalty payments if any. Don’t forget that the business is not likely to keep growing from the first day itself & you will have to pay for the necessary requirements for a while. So avoid opting for the franchise in India franchise offers if you don’t have sufficient resources to continue with it for initial years. If you still have faith in your planning but facing fund crunch, forge partnership with some one who can provide you with necessary back up. In any case, don’t take the risk of staring it unless you have necessary fund.
Educomp To Open 75 IIT Coaching Franchise Education Centres In 2011.
NEW DELHI: Education content and service provider Educomp Solutions Ltd will open around 75 Indian Institute of Technology coaching centres in the upcoming fiscal, the firm said in a statement.
The coaching centres will be opened on a franchisee basis.(IIT Coaching Franchise)
"We have undertaken restructuring of our business recently and have created a new entity called Educomp Supplemental for our supplemental education business," MD and CEO Shantanu Prakash in the statement.
Supplemental business includes tutoring, counselling and assessment. It plans to roll out other test preparatory material for BBA and medicine from 2011-12.
Source:25 Mar 2010, 1307 hrs IST, REUTERS
The coaching centres will be opened on a franchisee basis.(IIT Coaching Franchise)
"We have undertaken restructuring of our business recently and have created a new entity called Educomp Supplemental for our supplemental education business," MD and CEO Shantanu Prakash in the statement.
Supplemental business includes tutoring, counselling and assessment. It plans to roll out other test preparatory material for BBA and medicine from 2011-12.
Source:25 Mar 2010, 1307 hrs IST, REUTERS
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