What are 5 things that may be included in a franchise agreement?

 

What is a franchise agreement?

 

    In simple terms, a franchise agreement is a legal contract signed between a franchisor and a franchisee. Through this agreement, the franchisor gives the franchisee the license to operate a particular business. The franchisor is the actual owner of the business or brand. By signing a franchise agreement the investor gets the right to sell products and provide services to people using that brand name. The contract also details all the terms and conditions that are involved in the partnership.

 

Types of franchise agreements

 

    The specificities of a franchise agreement will be different for different countries. There are three basic types of franchise agreement: Single-unit franchise agreement, multi-unit franchise agreement, and master franchise agreement. Let us take a look at each of these in detail.

 

Single-unit franchise agreement

 

   This is the most basic and traditional method of franchising. The franchisor gives the right to the franchisee to own and operate a single unit of the business. The franchisee can use the franchisor's brand name and trademark to do business in a single location. Most probably there won't be any mediators between them in this type of agreement. The franchisee will directly operate the business in the allowed location and make a profit. In most cases, the franchisee will be the manager of a single-unit franchise.

 

Multi-unit franchise agreement

 

    In this case, the franchisor will allow the franchisee to operate the business in more than one unit using the franchisor's brand name. To own a multi-unit franchise, a franchisee should be financially capable to manage the business in different locations. Here the franchisee cannot manage the business alone. Employees should be hired to maintain work efficiency in all franchise units. Even though single-unit franchises are the most common, today most business investors prefer a multi-unit franchise because it is safer to invest in multiple locations to survive any potential economic backlash.

 

Master franchise agreement

 

     This is a more sophisticated franchise agreement where the franchisor allows the franchisee to do business under the brand name in a region, state, or country. Thus, the franchisee will have the full right to sales and distribution in that particular country or area specified in the master franchise agreement. A master franchisee cannot operate the business alone and has the license to hire franchisees under them to carry out the business efficiently in all the different regions. This type of agreement is necessary to expand the business at an international level. Here the actual owner or the main franchisor will lose a huge part of control over the company, thus selection of a master franchisee should be done very cautiously, and a good franchisor-franchisee relationship should be maintained.

 

 

What information is included in a franchise agreement?

 

●        The franchise agreement will contain all the specificities of the relationship between the franchisor and the franchisee. It states the name of the brand holder and the franchisee along with the business criteria or goal that the franchisee is bound to meet within a specified time.

 

●         A huge part of it includes the rights and obligations of the franchisee. The agreement will have the details regarding the payment of the franchise fee, marketing fee, training fee, utility fee, transfer fee, etc.

 

●         The duration of the agreement will be given in it. The franchise term can be any number of years. Once the franchise tenure is over, the franchisee should pay another amount to continue the business and maintain the position as a franchisee.

 

●         The franchise agreement will also contain details regarding the region or territory where the franchisee is licensed to do the business. There are two types of territories: Exclusive territory and non-exclusive territory. Exclusive territory means that the franchisee can set up only one single franchise in a particular territory or location. Non-exclusive territory allows the franchisee to operate more than one franchise in a single area or zone.

 

●        Another important detail mentioned in the franchise agreement is the provision given to the franchisee to use the franchisor's brand name and trademarks. Operation manuals, patents, etc will also be given to the franchisee.

 

●       Most franchisors would want their franchisees to have a certain amount of insurance that allows them to run the franchise without failure. The minimum insurance amount required will also be specified in the franchise agreement.

 

●       The agreement contains the details of training provided by the franchisor to the franchisee. The training helps the franchisee to operate the business more effectively and earn desired profit.

 

What is the importance of a franchise agreement?

 

     A franchise agreement is very important to establish the relationship between a franchisor and a franchisee. It gives the franchisee the legal power to use the particular brand name, logo, etc to sell products. It also gives a space for the franchisor to specify the terms and conditions that the franchisee should obey. If any corruption happens on the part of either of them, the franchise agreement becomes legal proof.

 

Franchise agreement word format

 

    Most people are confused about how to prepare a proper franchise agreement. It is a legal bond between the franchisor and the franchisee and thus should be written very carefully. It is always advisable to seek the guidance of business consultants rather than copying a sample because there might be additional specifications that you need to include depending on the type of business.

 

What are the things you should check before signing a franchise agreement?

 

    It is important to check every minute detail before signing a franchise agreement. Both the franchisee and franchisor should pay great attention as this agreement is the basic framework of the franchisor-franchisee relationship. The franchisor should be clear about the provisions given to the franchisee and the franchisee should check the payment obligation and the domain guidelines. The franchisee can also take a good look at the support offered by the brand owner. Franchise tenure details regarding the renewal of franchise terms should also be checked.

 

Conclusion

In this article, we have discussed the details of a franchise agreement focusing on the major things to be included in it. A franchise agreement is very crucial to a business and has to be given importance. It is advisable to consult a business professional to get your facts clear on these.  Are you seeking to choose the Best Consultant for your Business? Business consultants and experts are available on Sparkleminds, and they can assist your business in moving to the next level. Connect with us now

5 Requirements for starting a franchise business in India

 

Many business owners in India find it easier to start a franchise rather than their own company.  Franchise owners offer operational and marketing support and brand equity and have a track record of success.  But to select the right franchise in India, the franchisee must do adequate study and diligence.  You need not be worried.  FranchiseBazar is here to help and walk you through the fundamental requirements you must set up before starting a franchise business in India.

 

But first, let us look at “What is a Franchise Business in India?” One of the main ways in which foreign companies and brands have grown stronger in the Indian market is by adopting the franchise model to expand their businesses.  The franchiser (also the franchise brand) is involved in the processes and offers to the franchisee (also known as the owner of the franchise outlet), with conceptual, structural, legal as well as training support in exchange for a support fee and royalty payments.

 

Furthermore, this is a win-win for both the franchiser and the franchisee, where both earn from owning and operating the franchise.  The franchiser gets to expand his presence in untapped markets, which in turn boosts the market share as well as revenues, once the franchisee has access to the brand’s devoted clientele, legal counsel, creative support as well as training support. Thus, franchising is the most valuable and practical type of business opportunity in India.

 

Types of Franchise Business in India

 

Product Franchise

 

Also known as distribution franchises in India, these are product-driven franchises, where the franchisee distributes the parent company’s products and services by typically using its branded trademark, but not the entire business management system.

 

Investment Franchise

 

These are large-scale franchises that require a significant amount of capital investment, for example, hotel chains, or even large restaurant chains.  By acquiring franchises of these, the franchisee typically invests money and hires either its management team or the franchiser to run the business and generate a good return on investment.

 

Job-Franchise

 

This is a low-cost franchise that can be operated independently or with a few staff.  All the franchisee needs to do is pay the required franchise fee along with a few initial costs, like equipment, basic materials, and vehicle charges if required.

 

Conversion Franchise

 

This is a process by which an existing business becomes a franchise or if an existing business that has multiple locations, decides to switch to a franchise structure.

 

Business Format Franchise

 

This is a franchise that operates the business and markets the products or services by using the franchiser’s trademark as well as the entire system.  The franchiser will be providing the comprehensive agreement and procedures needed to cover every aspect of the business model adopted.  Nevertheless, this also includes both initial and ongoing training and assistance.  Furthermore, this is one of the best and most common types of franchise system in India.

 

Now that we have seen the different types of franchise businesses in India, let us understand what the 5 Requirements are for starting a franchise business in India.

 

Market Research

 

When you are planning to open a franchise business in India, the first step you must learn is to know more about how franchising works in general, like what you need to expect and also how to choose from all the available opportunities.  Once you have identified your niche from a few franchises in India, you would need to do research and select the best franchise in India which meets your requirements.

 

Understanding Industry Dynamics

 

While you understand how franchising works, it is also important before you do anything else, you need to gain first-hand understanding, and preferably some experience of the industry in which you intend to start a franchise business in India.  Understanding the framework, laws, rules, and regulations involved, the best industry practices, competitors, and the market cycle is quite crucial.  By understanding these, you will be able to apply that knowledge to innovate or maneuver over other players in the industry.

 

Capital Investment

 

Having capital money to invest in a franchise is significant because this is a cash-intensive business.  This is because you will need to spend money on setting the brand outlet, furnishing the interiors to the brand standard, hiring the required staff, and covering the operational costs.  Nevertheless, you will also be sharing a portion of the profit with the franchiser which is known as a royalty fee.  Thus, financial backing is quite important to keep you afloat until you start turning a profit.

 

Location

 

Depending on the franchise business you choose to invest in, you can consider leasing or buying a space, and the franchiser can advise some of the best locations.  Deciding a location right for the business in high-traffic areas or near malls depending on the industry type is advisable as that will bring in good customer walk-ins.

 

Preparing the Franchise Agreement

 

Once you have met all the requirements, now it is time to finalize the very influential franchise agreement.  A franchise agreement is a document between the franchiser and the franchisee, charting out major points of the arrangement, between both parties.

 

Conclusion

 

The bottom line is acquiring a franchise in India is a provision of a tried-and-tested model you are getting into which minimizes the risk involved in starting your own business in India from scratch.  So it is important to carefully understand all the terms related to the franchise before venturing into this business world.  We have consultants who can help and support you in choosing the right franchise business in India with various investment ranges.

What are the costs associated with opening a franchise?

 For each franchise model, the exact cost of a franchise varies, although most of them have comparable startup costs. While the franchiser will assist you with some of these costs—possibly through agreements it has with preferred vendors or by loaning you the money—the burden will inevitably fall on you to raise the funds. Additionally, you will need money to operate your franchise business opportunities until it turns a profit in addition to the funds needed to create and open it.

 

Let's explore some of the most common introductory franchise costs.

 

Franchise Fee

 

It's crucial to keep in mind when starting a franchise that you are essentially "renting" the brand from the franchise. Even though that brand has a lot of support and recognition, being linked with it still carries a cost. The amount fee typically varies depending on how much work is required to launch the franchise. Franchises that need you to choose a location, for instance, will cost more than mobile or home-based franchises.

 

The cost of your training and site selection assistance will typically be covered by your fee; as a result, the fee is higher for franchises that need a location. Each franchise has a different definition of what the charge includes. It may sometimes only act as a licensing fee for the right to utilize the brand. Be careful to precisely define what your franchise fee covers when conducting your preliminary study.

 

Legal & Accounting Fee

 

These fees are, of course, your responsibility, but they are well worth it. Anyone who is thinking about getting a franchise should speak with a lawyer who is knowledgeable about franchise law. Your chosen lawyer will be able to go over the franchise disclosure form and franchise agreement with you to ensure that everything is fair.

 

Depending on how much time your lawyer must spend on the documents, each lawyer will charge differently for this.  Additionally, you should begin working with a competent accounting firm as soon as you decide to buy a franchise. An accountant can assist you in setting up your company's accounts and records and in calculating the amount of working capital you'll need to launch and operate your firm until it turns a profit.

 

Working Capital

 

The amount of money a certain business has accessible daily is known as working capital. It's essential to have enough operating available capital to last for a specific amount of time. It may take only a few months, or it could take a few years, this relies on how much time it will take the company to start generating enough money to support itself.

 

The amount of working capital you'll need is often estimated by the franchiser, but you should confirm this with your research and calculations with the help of your accountant. Ask other franchise owners in the network how much they required or may have invested.

 

Build Out Costs

 

The building's construction and all associated costs, such as architectural drawings, zoning compliance fees, contractor fees, decor, security, deposits, insurance, and landscaping, are included in the build-out costs. They also include the cost of all furniture, fixtures, equipment, signage, and other building-related items. The build-out expenses, which differ significantly between franchises, will be estimated by your franchiser.

 

There won't be any buildout fees if you choose a home-based franchise, but there can be other costs, like for vehicles.

 

Supplies and Inventory

 

You need each of these to manage your franchise. Restaurants require supplies including meals, dishes, cutlery, and napkins. To provide their services, other franchises will require different things. You can get a list or an estimate of the things you will need to manage your franchise from your franchiser.

 

You will require inventory if you buy a retail franchise or another type of business that sells goods. Another expense that will differ greatly between franchises is this one, but your franchiser ought to be able to provide you with estimates.

 

Travel Or Living Expenses

 

For franchisees and frequently the franchisee's management team, franchisers will provide training. While the costs of travel and accommodation to attend training at a franchise's headquarters are typically covered by the franchise, this may not always be the case. Usually, the initial training lasts a few days to a week or more and is then followed by additional training back at the franchisee's site.

 

If not, calculate up how much the training-related fees will cost you. If travel and accommodation are not paid for by your franchiser, you should check that they are.

 

The Bottom Line

 

The cost of starting a franchise is equal to the cost of starting your independent firm. This is a crucial idea to understand if you're thinking about buying a franchise. Nevertheless, investing in a franchise is well worth it because of the assistance and training you receive in return. Register right away with Sparkleminds, and we'll help you find the ideal franchise opportunity.

A mode of business that creates an incredible opening for entrepreneurs to start a new business by giving the necessary confidence for the established brands or companies to expand taking a profitable lead for their better future is known as a franchise business in India.

 

Now let us understand what a franchise consultant is and how it matters to business or entrepreneurial enthusiasts in growth. 

 

Franchise Consultants are specialists in the field who can be strong in guiding and linking you through various resources and opportunities which will help you meet your business aspirations and goals. These are the experts who bridge and connect business opportunities with people who are ready to invest time, and money, as well as their aspirations too.  In other words, they are links in a chain that help a sector grow in length through the franchising business model.

 

Growth of Franchise Services in India

 

The Indian economy is booming with opportunities with an increase in people having the desire to start their businesses.  Nevertheless, the growing opportunities in various sectors have widened the scope of franchising in India, giving this segment a boost and franchise consultant services in India have witnessed a steady uphill growth.  India is known to have the second-largest franchising industry, and the need and demand for valuable franchise consultants in India shall always remain to exist.

 

Every city is seeing a rise in franchise consulting opportunities especially major cities like Bangalore, Delhi, Mumbai, and others growing in the size of infrastructure, the scope of investors, and industry sectors like food, lifestyle, fitness, technology, and retail.  What has advanced the growth is the increase in IT companies, which have a large working population, leading to high consumption, in turn making way to build and grow existing businesses in India based on the demand.

 

What is the Role of a Franchise Consultant in India?

 

·         If you are a first-time entrepreneur looking to start your own business or acquire a franchise in India, that’s where the role of a franchise consultant comes in.  They can help you evaluate your interests and goals with companies or sectors as per your interest routing through franchise ownership.

·         If you are a business owner or a franchisor, who is looking to expand your footprints across the country, franchise consultants help in getting you the opportunity to assess the opportunities in untapped markets, consider your business situation and find potential entrepreneurs who would wish to invest and collaborate in your expanding business venture in India.

·         Expert franchise consultants possess skills to narrow down your thoughts and ideas and evaluate the current market scenario bringing in the possibilities which eventually have a high scope to succeed.

·         Choosing the right franchise consultant means you need to search for a person with a considerable amount of experience having handled companies and candidates with a proven track record of successful growth and expansion.

Last but not the least, choosing a franchise consultant who has the franchise industry experience and comes with the knowledge and experience of franchising and business ownership is very crucial.  Don’t forget choosing the right fit will be a crucial decision as you would be investing time and money and would thus expect good returns.

 

These are the prime roles of most franchise consultants in India.  What makes FranchiseBazar one of the best franchise consultants in India, is its proven success record. 

 

FranchiseBazar has a professional focus which means they have energies which are entirely into the consulting business.  Having experience working with people who match your likes and a successful track record, with a reputation in the industry is a deciding factor for a franchising consultant.  They ask you the right questions to understand your requirement and take you to your destination without considering your benefits before yours.  FranchiseBazar has offered a variety of services to its clientele, has a huge base to support their work, and has a proven track record of doing business over the years, so why not go for the one where results talk more than what they do?

 

How to Hire FranchiseBazar Franchise Consultant Services?

 

Leaping into a new business or thinking of expanding your footprints can be a little daunting as you may not be completely aware of certain factors.  FranchiseBazar could help you overcome the initial concerns and guide you on the right path.  Furthermore, FranchiseBazar covers all the prerequisites of a franchising consultant as stated above and stands for its credibility.  Nevertheless, the advent of technology, online ads and social media has been a boost to making it easier for people to choose the right franchise consultant in India.  You can also seek aid from an existing franchisee to understand the real results of their franchise consultants during their process of franchising. 

 

So, call us +919844443200 today and Register To Take Franchise with the best franchise consultants in India. 

The Indian Pharmaceutical Industry – 2022

                                                                                                                  Written By : Srividya.

The Indian pharmaceutical sector has developed over time into a robust industry, rising at a CAGR of 9.43% over the past nine years, and is currently ranked third in pharmaceutical output by volume. Some of the key sectors of the Indian pharmaceutical business include generic drugs, over-the-counter medicines, bulk meds, vaccines, contract research & manufacturing, biosimilars, and biologics. India is home to the most US Food and Drug Administration (USFDA)-compliant pharmaceutical production facilities, with 500 API companies accounting for around 8% of the global API market.

Over 50% of the world's demand for various vaccines is met by the Indian pharmaceutical industry, as is 40% of the US market for generic drugs and 25% of the UK market for all medicines. The domestic pharmaceutical sector includes 3,000 drug companies and 10,000 production facilities. India occupies a key position in the global pharmaceutical market. The country also has a big pool of scientists and engineers who could advance the industry to new heights. Currently, Indian pharmaceutical companies provide more than 80% of the antiretroviral medications needed to treat AIDS (Acquired Immune Deficiency Syndrome) throughout the world. India has earned the title of "pharmacy of the world" thanks to the affordable prices and superior quality of its pharmaceutical products.

Market Size

Source: IBEF

 India is the biggest producer of generic drugs in the world, contributing 20% of the total volume supply and 60% of the demand for vaccines worldwide. Worldwide, the pharmaceutical industry in India is valued at $42 billion. The Indian pharmaceutical market grew by 17.7% yearly in August 2021, up from 13.7% in July 2020. India Ratings & Research predicts that the Indian pharmaceutical market would generate over 12% Y-o-Y growth in sales in FY22.

 

India is the world's No. 12 exporter of medical supplies. More than 200 nations throughout the world receive Indian medications for export, with the US serving as the largest market. The country is the world's leading supplier of generic medicines with 20% of global exports made up of generic drugs. In June 2022, Indian pharmaceutical and medicine exports totalled $2,119.08 million USD.

 

With a cumulative outlay of Rs. 6,940 crores (US$ 951.27 million) from FY21 to FY30, the Department of Pharmaceuticals introduced the PLI scheme to boost domestic manufacturing by establishing greenfield facilities with minimal domestic value addition in four discrete "Target Segments." This was done to achieve self-reliance and reduce import dependency on the nation's essential bulk drugs.

India's pharmaceutical sector contributes significantly to the country's exports and has attractive prospects for investment. India also runs a sizable number of facilities that adhere to Good Manufacturing Practices (GMP) standards set by the World Health Organization (WHO) and the United States Food and Drug Administration. Millions of people around the world receive affordable and low-cost generic medications from India (USFDA). India has traditionally retained the top position among countries that make pharmaceuticals. Over the next five years, India's medical spending is expected to increase by 9–12%, making it one of the top 10 countries in the world. Future domestic sales growth will also be influenced by companies' capacity to focus their product portfolios on chronic therapies for diseases including cardiovascular, anti-diabetes, anti-depressants, and anti-cancers, which are on the rise. The Indian government has taken numerous measures to cut costs and lower healthcare costs. The opening of pharmacies that provide low-cost generic medications as well as other government initiatives, such as the National Health Protection Scheme, which aims to provide universal healthcare, the aging population, the rise in chronic diseases, and other factors should all help to strengthen the Indian pharmaceutical industry. The quick entry of generic medications into the market has remained a priority and is anticipated to help Indian pharmaceutical companies. Additionally, the focus on preventive immunizations, life-saving medications, and rural health programs bode well for the pharmaceutical industry.

It’s “the time” for Pharmaceutical business owners to focus on their franchise business expansion and attract Investments, and business partners by franchising their pharmaceutical business. Connect with Sparkleminds today for all your franchise-related queries. Sparkleminds have 500+ franchise successful & satisfied clients, now it’s your turn! Join the successful community to achieve great heights in business. Act now!

How to choose the best business in Chennai?

Starting a business in Chennai

Selecting the appropriate franchise in any city, leave alone Chennai, is a very crucial step.  Before taking a decision, a few elements should be considered which will help you categorize the best business in Chennai. Depending on your investment and the industry you wish to invest in, there are many factors which govern your decision.

Cost

How much you would be investing into the franchise, is a crucial part.  If you are seeking to invest a modest amount, you should research the possible options that fall under your investment bracket, which will be beneficial and give you good returns on your investment.

 Brand

Another crucial aspect of operating a franchise is selecting the right brand.  You should only select brands that are well-known in the marketplace.  This will help you get a good customer base as you will be known and noticed by the brand you are dealing with.

 Location

To attract more clients, it is necessary to have a franchise in an area having good footfall, like high traffic marketplace, near bus stands, close to malls or any good location which can cater for the need of your business.

 

We at Franchisebazar, help entrepreneurs in getting their choice of franchise business in their desired city as per their desired investment.  Now that you are choosing to franchise business in Chennai, and we have considered some elements before taking up a franchise business in India, let us talk about Chennai and its opportunities. 

 

Chennai is the sixth most popular metropolitan city in India, and also the capital of Tamil Nadu, thus making it an economic powerhouse where there is a huge scope for new business opportunities.  Chennai has done extremely well and has grown across sectors in the past few decades, which has further resulted in many business opportunities for people wanting to start their businesses.

 

Chennai is famous for a lot of things, from its Chettinad Cuisine to art and culture and travel, the state is always bustling with people.  It is also known as the leading industrial hub.  The strong infrastructure has been able to position the city amongst the best industrial hubs in India. Let us look at some of the best business ideas in Chennai.

Franchise Model

One of the best businesses is to sell different products or brands' services in the form of a franchise business model.  Approaching a big brand which has multiple chains, you can buy their franchise to open it as one of your outlets.  Nevertheless, you can also start a FranchiseBazar and be the first in your city which helps entrepreneurs looking to get into the franchise business in India.  Even though this is a competitive industry, the returns are very good.  So if you are looking to start a FranchiseBazar and be the first in your city to own one, you can call and speak to our consultants who can guide you across this journey.

Café

Being a metropolitan city, the people of Chennai are always on the lookout for good cafes where they can hang out and spend some leisure time with some good food and beverages.  Today café chains are booming in India, so taking a café chain franchise is a growing opportunity in Chennai, as food and beverage are not season based, and they never fail.  Choose a nice location, pick a nice franchise brand and your work is done.

Travel and Tourism

There is a lot to explore around Chennai, from visiting some of the popular heritage places to having a great time shopping or even the beaches, Chennai has it all.  You can shop for traditional fabrics or even feast on authentic local food, people come to Chennai for many reasons.  You can have a taxi and travels business which will run successfully. Or a tourist guide who sells well-curated tours based on various interest of people or have a travel agency and manage hotel and travel bookings.  This is a growing opportunity as there is a lot to see in and around Chennai.

Local Food Business

Opening a local food stall, or a restaurant franchise is one of the most popular business ideas in India.  Especially in the south, this is food heaven.  Tourists are always on the lookout to try and find out places which cater to the local food, providing it hygienically and also at an affordable price.

Tea Franchise Business 

One of the most profitable businesses in India is the tea stalls which you can locate at almost every corner in most cities in India.  Nevertheless, it also requires a moderate amount of investment.  Setting up a tea stall at a prime location and gain you huge profits as Indians love their tea, no matter what time of the day it may be.  You can also take up a tea franchise of a well-known brand, and grow tremendous profits. 

To Conclude, 

Starting a business in Chennai is a very profitable idea.  Just remember to choose the right one with the amount of investment you have and you can expect good returns in a short period.  Nevertheless, we have our consultants at FranchiseBazar who can also guide you on which business is best for you in Chennai, what are the latest franchise opportunities in Chennai, best business opportunities in Chennai.  So call us today to keep yourself updated.

Best Business Franchise to Start in India

A wise decision which many entrepreneurs are opting for is the franchising business in India.  This is witnessing huge growth and is thriving.  Every business comes with a certain number of risks, but overcoming these challenges is easy if a proper strategy is in place.

 

India has become a hot target for many multinational companies who are looking to foray into the country’s domestic market.  Entrepreneurs have utilized this opportunity to make their profits by taking franchises.  The franchising sector contributes nearly 4% of the Indian GDP.

 

India is one of the fastest growing economies in the world and there is a lot of potential in the franchising business, and with the exponentially growing young population, the franchise space in India will continue to witness to rise in the coming years.

 

Why Entrepreneurs Choose Franchising Business

 

As franchisers are already well-known and have their brand of products and an existing business model, it makes it easier for entrepreneurs to operate and function as their franchisees.  Companies want to expand their businesses at an optimal cost. 

 

To acquire a franchise, one should be sure about their reasonings and research about which franchise they want to own.  One such Franchise Business Opportunity you can start with is to be the first one in your cityto sign up for a FranchiseBazar franchise.

 

More about FranchiseBazar

 

Franchisebazar is a one-stop solution company, operating out of India since 1998.  Over the years, they have helped entrepreneurs acquire their business goals.

 

What makes FranchiseBazar stand out from the rest, is the 20+ years of franchising experience, where they have extensively covered over 100+ cities and towns in India.  So if you are looking to franchise your business, or looking for new business ideas on board, this is the one-stop-shop where you have it all. 

 

What comes with our Franchise?

 

Depending on the model type you choose to invest in, it comes with its own set of investment charges, roles, and responsibilities.    Read below, to know more about the franchise models.

 

Exclusive BranchOffice Model

 

You would receive the exclusive right to operate a FranchiseBazar consultancy office, from your city.  With an investment of less than INR 10 lakhs, this is one of the most sought franchise business opportunities in India, for budding entrepreneurs who are looking to start their own consulting firms.

Once the deal is locked in, your primary role would be to generate leads around your locality.  You would need to keep the dashboard updated with the leads and adhere to the TAT consciously.  For more about this business model, speak to our consultant who will guide you into more details.

 

Independent Franchise Consultant

 

This is a perfect business opportunity with a budget investment of around INR 25,000, for real estate agents, financial services consultants, consulting firms, and aspiring entrepreneurs seeking new business ideas.

This is a high-return franchise business opportunity where your primary role would be to generate local leads helping to buy franchise opportunities in India which match their profile.  For more about this business model, speak to our consultant who will guide you into more details.

 

So, come and be part of the nation’s #1 franchise consultant network, a pioneer for connecting clients to their areas of interest, and the best franchise business in India.