How to Franchise a Clothing Business In India

                        How to Franchise a Clothing Business

 Brands like Zara, H&M, Forever New, and many others are globally recognized brands that have an international presence. These stores have gained an international presence by selling their brand's intellectual properties and giving the right to aspiring entrepreneurs to set up a clothing store under their brand's name.

  Franchise a Clothing Business:

 

  Franchise a Clothing Business

 India being one of the countries having the “highest success rate in the textile and clothing industry “provides many opportunities to grow your clothing business.

 India's textiles sector is one of the oldest industries in the Indian economy, dating back to numerous centuries.

 The industry is extremely diverse, having several methods and varieties of clothes. It has hand-spun and hand-woven textiles sectors at one end of the spectrum, while the capital-intensive sophisticated mills' sector is on the other end. The Decentered power looms/ hosiery and knitting sector constitutes a major portion of the textiles sector.

Franchise Consultants In India:

 

India’s textiles industry has a capacity to produce a voluminous variety of products suitable for different market segments, both within India and across the world. which makes it one of the highest employment-generating sectors. The textiles industry has around 4.5 crore employed workers including 35.22 lakh handloom workers across the country.

 The domestic textiles and apparel industry contributes 5% to India's GDP, 7% of industry output in value terms, and holds a share of 12% of the country's export earnings. India is the 6th largest producer of technical textiles holding a 6% global share (12% CAGR), the largest producer of cotton and jute in the world.

   Clothing and Apparel Industry in India:

 The Indian clothing and apparel industry has grown over time. There has been a tremendous increase in both, sales within the country and the value of exports.

●     The export of articles of apparel and clothing in the woolen segment, knitted or crocheted during April–July 2020 was US$ 1.32 billion and for July 2020 it was US$ 586.49 million.

●     The export articles of apparel and clothing accessories not knitted or crocheted during April– July 2020 was US$ 1.27 billion and for July 2020 it was US$ 504.98 million.

●     In FY19, total textiles and clothing exportation stood at a value of US$ 36.62 billion and reached US$ 22.94 during April–November 2019.

●     Readymade garments (RMG) export from India stood at US$ 9.50 billion from April 2020 to January 2021 and for January 2021 it was nearly US$ 1.30 billion.

●     India is the largest cotton producer in the world at standing at a pedestal of 33.7 million bales of 170 kgs each.

●     Fibre export from the country stood at US$ 2.72 billion in 2018-19. During April–November 2019, fiber export stood at US$ 721.55 million.

●     The total value of cotton yarn, fabrics, and made-up export from the country stood at US$ 947.58 billion in February 2021. During April 2020-February 2021 the export stood at US$ 8.71 billion.

●     Main markets for Indian textiles and apparel export\

a) The USA

      b) European Union

      c) Parts of Asia

      d) the Middle East

    ●     In the future, India’s apparel export is expected to increase considerably. The total export of textiles and apparel is expected to touch US$ 82 billion by 2021 at a CAGR of 12.06% from FY

    How to expand your clothing business in India?

     A clothing business is a business that can flourish in almost all locations of the country. With high profit-generating powers, the best way to expand your clothing business is to set up a franchise. Franchising your business will help you to expand your business without investing any capital and bearing any risk.

    The biggest perk of franchising your business is the negligible investment required. By franchising your business, you sell your brand's intellectual properties to a franchisee who opens up a store under your brand's name. Franchising your clothing business will also help to increase your revenue. The franchisees pay franchise fees initially and ongoing royalties. Franchising your business is the ideal business expansion idea.

    How to Franchise a clothing store in India?

●     Analyze your brand- Think precisely about the process of how your business currently works. Franchisees will need specific and accurate details and guidelines to get their businesses working in the same manner. This process might take some time, but it is an inevitable and necessary one. From marketing and operational strategies, signage to business cards to staff training, it all has to be administered in a similar manner. Develop an operation manual to present to the franchisees which will be a quick way to reference policies and best practices and create an approval process.                     

●     Hire an expert - Getting expert advice is extremely crucial during the franchising process to avoid any major blunders. A Franchise Disclosure Document needs to be prepared and it has a very distinct format you need to follow. It is important to have a lawyer walk you through this process. You’ll need to set the pricing, create a franchise agreement and determine intellectual property protection.

●     Compare your brand to others - It is important to compare your brand's success and working to the big brands holding a market prestige. This comparison will help you to set goals and milestones. Getting an insight into the working methods of these brands will help you gain faster and better success. For example, taking up a thorough study of brands like Zara, H&M, etc. will help you to know the ideal methods of working in the industry.

●     Be selective in choosing your franchisees - You should be extremely selective when it comes to choosing your franchisees. It is easy to find people with the requisite capital, but you need to ensure if they are the right people and do they have the right background in order to run a business. This is someone who will be representing your brand, so it needs to be a good fit. You need to remember that you are in this to protect and grow your brand. Set up a proper interviewing process and know what your deal-breakers are.

●     Build and protect your brand's name - As a franchisor, your most valuable asset is your brand name so you need to protect it at all costs. Your brand represents your culture, your beliefs, and your attitude toward your customers which has to be right. When you franchise, you are giving new people the strength to represent your brand. Thus, to avoid any havoc, clear guidelines should be established for the use of all of the brand assets.

 You would want to be sure that you are sending a very precise message from one clear reference, and that message is consistent throughout the business. Never let anyone use your brand assets in any way, no matter how small, without your former approval. Monitor everything, pay close attention to videos and pictures being used to represent and market your brand and monitor all social media outlets in a regular and detailed form.

●     Choose the right location - The clothing industry is a very competitive industry have to make sure of the location of the franchise units. Which locations make the most conducive for your business to flourish and where do you have brand recognition already are important questions that need to be answered when deciding the location. You need to keep the initial locations close but far enough to not affect your initial stores so that you can manage logistics easily

●     Find someone to guide - It is necessary to seek consultation from experts or people who have already ventured into franchising their business. They can provide you a thorough knowledge of the market and also help you to formulate proper market conducive operational and marketing strategies that can catalyze your growth.

   Support and assist your franchisees - Initially, you will need some face time with your franchisees, as well as lots of time online and via phone. Do all you can to encourage and promote them. Search through articles that you find helpful and share them so that they can use similar ideas to operate their franchise unit. Set up a way for franchisees to communicate with one another so as to discuss any sort of market thrifts and how they can deal with the same. Providing your franchisees with a set of working methods is the best way to ensure uniformity and consistency.

 You can always consult a team of experts who can help you to find out when to franchise your business and how to do the same. We, at sparkle minds, help you to analyze your business model and turn it into one fit for franchising.

    Best Franchise Consultants In India

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Best Consulting business Ideas

                     Best Consulting Business Ideas

Education in today’s scenario is a necessity more than a matter of choice. India is a country with large potential human capital which makes it all the more important to impart quality education. Education is amongst the few evergreens profit-generating business segments, especially in India. The education industry has seen rapid growth in the last couple of years, which has resulted in the generation of growth opportunities for franchisors.

                                     Online Franchise Model:

  The Education Sector Includes the Following:

●     Elementary schools

●     Secondary schools

●     Community colleges

●     Universities

●     Online learning platforms

●     Ministries or departments of education.

 

The Education sector in India is no more limited to physical classrooms. With a major part of the work and studies shifting to online platforms, there has been an expanse in the education sector. apart from schools, coaching’s and colleges, there has been a considerable increase in the number of students resorting to online education platforms. E-learning has become the new normal in this phase. Companies like Vedanta, Upgrade, Byjus have gained unprecedented success.

 The Indian education sector offers an excellent opportunity with 26.31% of India’s population in the age group of 0 to 14 years that serve as consumers of this sector. The education sector in India is anticipated to reach US$ 182 billion in FY21. India’s higher education segment is expected to expand to a sector with an economy of Rs. 2,44,824 crore (US$ 35.03 billion) by the year 2025.

 How to expand your Education Business?

 Once your school, college, or coaching becomes a successful brand, the next step is to franchise it. If you want to expand your educational institute, franchising your venture is the best way to do so.

 Education sector giants have been able to create a mark by expanding themselves geographically. Educational brands such as Jaipuria, DPS, GD Goenka, and many more are present in almost all the cities of the country. They have uniformity in the methods of working. This is possible because their owners chose to franchise their brand and make it grow.

Franchise on Education details in Bangalore in Details:

How to Franchise Education business?

When you feel that your franchise is making profits beyond your expectation and it is replicable, you can think of franchising your venture.

You know it is time to franchise your business when:

●     You are operating your business smoothly and profitably to guarantee its profitability.

●     There is a scope for the high demand for your product or services in places other than your existing area or city.

●     You are sure that the business model is replicable, strong, and capable enough to commit to resources on the back end to be able to sustain and manage a load of additional units.

Entrepreneurs or companies need to know when their businesses are towering in their respective locations and that is probably the best time to take the leap and start franchising it.

 

The following procedure will enable you to successfully franchise your business :

●      As a franchisor, you will have to create a sound system and process of working. Your system should be strong enough to ensure to retain the essence of your business. You will be able to guarantee that the transferability of the business will explicate into an equal or better delivery of your service by your brand's franchise units only if you have a stable core work system.

●     You will need to plan out a strategic management blueprint of your business that will ensure the uniform and stable methods of work of the franchise units. It may often take the involvement of expert consultants to ensure the formulation of strategically strong policies.

●     You need to prepare a business plan that clearly outlines your brand's expectations from its franchisees and various methods of operation to meet your business aspirations.

 Franchise Education business:

You must have your franchise model prepared with the inclusion of precise details. The franchise agreements along with the franchise kits and business plan prepare you to take the first steps towards franchising your business.

 You then start with the franchise sales and start selecting and recruiting the franchises that can match your business requirements. This needs to be done under the assistance of franchise consultants who have expert knowledge regarding the functioning of the business entity.

 In no time, you will realize that your business has grown from one to many and now you are enjoying the fruits of having developed a unique business that is not only helping you live your dreams but is also fulfilling the dreams of several other franchises who are also enjoying the success of your educational institute.

Best Education Franchise in India:

 ●     KUMON INDIA EDUCATION PVT LTD

Founded in: 1954

Franchising since: 2005

Franchise units: 100 - 200

Initial investment: $7,000 - $14,000

 Kumon is one of the world's most prominent after-school enrichment programs. Kumon learning centers for children specializes in nationwide after-school maths and reading programs for preschool students through various interesting methods. Kumon is a structured, established self-learning program that gives your child the critical thinking skills and mindset to learn new materials independently.

 ●     UCMAS

Founded in: 1993

Franchising since: 1999

Franchise units: 10000 Worldwide

Initial investment: $700 - $3,000

 UCMAS is an international education company headquartered in Malaysia with its presence in 75 countries. UCMAS promotes holistic mental development by stimulating both sides of the brain using an innovative visual arithmetic program utilizing the Abacus as a teaching tool. UCMAS presents an opportunity to own a franchise in an area with many benefits. You can own a franchise that has an international presence, an established brand name, and a good reputation

Franchise Opportunities in Education Sector:

 Online Coaching Business

This is among the most popular and in-demand business models in the prevailing Indian education industry. Since technology has heavily disrupted the complete education segment in India and globally which has resulted in the demand for online coaching successively increase.

 Educators are looking for opportunities to utilize technology at its best, making sure it benefits them along with providing quality education to the people. One major reason why an online franchise business will surely be a successful one which is since it eliminates the demographic barrier, bringing learners from across the world on the same platform.

 Through an online coaching franchise business, educators could also provide the best possible guidance from qualified and skilled teachers that can nurture and educate the learner for a successful career.

 School/College Business Model

The school and college education business model is the traditional education franchise model. This education business is another profitable model of the education industry that has ever existed. Nothing could be best other than starting your school or college franchise business.

 It is important to pinpoint that establishing and running this franchise model is quite a tedious task. The investment required is huge along with other components like managing the administration, hiring staff and teachers, etc.

 Education Consultants

Students need to be guided about the next step to take. Consultants for undergraduate and graduate colleges are thus seeing a considerable rise in their business. These consultants help students decide their interests, narrow down colleges as per their preferences, and apply to them.

 Vocational Training

Vocational training involves training individuals to carry out specific trades such as blacksmithing, metalworking, etc. For those looking to learn skills with their hands, this is a good option and many people choose to go in for these courses. With more people moving away from academia, this industry has grown more than ever in recent years.

 Franchise Managements Consultants: 

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Franchise Consultants in India-Sparkleminds

      Organic Supermarket in India-Sparkleminds 

Organic India Economy In Details:

The Retail Value of the organic food market in India amounted to nearly 66 million U.S. dollars in 2018. It has been projected to reach approximately 135.6 million dollars by 2023.

The Indian organic food market attained the highest-grossing value of US$ 815 Million in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 24% or more during the next 5 years i.e., during 2021-2026. Keeping in mind the uncertainties of COVID-19, experts are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different retail sections.

 The naturally healthy foods category accounted for the highest retail market value within the Indian health and wellness sector during the last 5 years. This is majorly due to the high demand for healthy food products.

           " The symbol of organic products Govt approved symbol like a standard product pure organic product"="Jaivik Bharat"

The organic food industry has been accounted for growing at an annual rate of 17% annually. A major factor driving the demand of the Indian organic food market is the increasing level of health awareness among the countrymen

  Supermarket Franchise in India

As per Forrester Research, in 2020, India's retail sector was evaluated at US$ 883 billion, with grocery retail accounting for US$ 608 billion. The retail market is projected to attain economy outs $ 1.3 trillion by 2024.

 Small Retail Franchise In India

Market in Details:

Increasing modernization in retail, supermarkets are being set up all over India at an increasing pace, specifically in semi-urban and urban areas. From a mere 1300 supermarkets in 2010, this number sky-rocketed to 14.5 thousand in 2020.

  A supermarket averages about 45,000 square feet and brings in a revenue of about $14 million a year, which comes out to about $500 per square foot of sales industry-wide. The industry as a whole generates an annual profit of $500 million annually.

 How to Expand Supermarket Business in India

The most effective manner to expand your supermarket business is to increase the reach “geographically”, Opening a store in a new location requires an extensive amount of work and usually a sizable investment.

How to Franchise a Supermarket Business?

Franchising your business is a critical task that needs to be undertaken carefully and thoroughly with the assistance of experts. 

The following steps need to be followed t franchise your business effectively:

 ●     Evaluate your business - Evaluate your business's success and challenges before advancing in other locations, taking it one step at a time to ensure you are not using a premature business model. It is necessary to ensure the replication of your prior success. In case of any discrepancies, a franchise consultant should be considered.

 ●     Pick a franchise consultant to assist you - Despite all of the information available, it is still a good idea to engage a franchise consultant to help and guide you through the process. A franchise consultant has industry-specific knowledge and can relate to the market scenario and find solutions to complicated topics in a more understandable way.

●      Make Important Decisions About Changes in Your Model - As you continue to prepare your legal paperwork, you will need to make many decisions about how your franchisees will operate their units. Key points include:

1. The franchise fee and royalty percentage your franchisees will pay.
2. The term of your franchise agreement with the franchisee.
3. The size of territory you will grant each franchisee
4. The geographic region you are willing to offer franchises within
5. The type of training program you will offer to the franchisees.
6. Whether franchisees must buy products or equipment from your company or sellers suggested by you.
7. The business experience and net worth franchisees need to buy your brand's franchise.
8. Methods you will use to market the franchises.

 ●      Business licenses - You, as a franchisor own the Brand, trademarks, service marks, trade names, or service symbols. The individual franchise unit is the only thing that is owned by individuals who are permitted to sell trademarked products. That means the franchisee owns the business but all the licensing and registration is necessary on the part of the franchisor to avoid any unauthorized usage of intellectual properties.

 ●     Prepare your Operations Manual - You will be required to provide an operations manual to your franchisees. Your operations manual is a necessarily required document that informs your franchisees about all the system requirements and information needed to develop, open, and operate the franchise business efficiently. The provision of a franchise manual ensures uniformity and consistency in the working of various franchise units.

 ●     Comply with Legal Requirements - There is no specific law in India especially concerning franchise business. Several laws hold good with various terms in a franchise partnership. The franchise agreement is the basis of the franchisee-franchisor relationship. The rules and regulations, terms and conditions, and obligations of the relationship are mentioned in the franchise agreement.

 ●     Marketing and Advertising - Based on the market and location, the franchisor can support the franchisee in marketing and advertising by including it in the original plan or help the franchisee understand the market and execute marketing activities on behalf of the franchisee in the initial days. It is essential to have a clear Brand Guideline for the Franchisees to adhere to. You should clearly outline all the tasks which the individual Franchise Outlets are responsible for, such as having an active Social Media presence, listing on Restaurant Review Sites, etc. Remember to provide templates, logos, and other Brand-specific items such as menu design to ensure uniformity and consistency across all outlets 

●      Create Your Franchise Sales Strategy and Set a Budget - Even after your legal documents are complete, determining your initial franchise sales strategy and setting a budget are crucial activities. Evaluate your target franchisees, target markets, interest in your franchise, and prepare a pragmatic budget for attracting, training, and supporting franchisees

 ●     Training and Support - Your franchisees will seek your support in the initial days of working. Training the employees will ensure the elimination of any major mistakes. Training the franchise employees will also ensure uniformity and consistency in the services provided by all the franchise units under your brand name. This will prevent from spoilage of your brand's reputation.

 Franchise Marketing Model

Franchising your business will considerably eliminate the capital investment and finances required for setting up a new unit of your brand.

A franchise will arrange for the requisite funds and the area required for opening the supermarket. A franchisee will take up the management and responsibility of his unit.

 You will have to grant the rights to the franchisee to use your intellectual properties such as brand name, logo, trademarks, etc. You will have to assist the franchise and conduct a proper training session to ensure uniformity and consistency in the working of each unit under your brand

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Conclusion

 A proper assessment of your existing business model must be taken up thoroughly by a business specialist. It is a high profit-yielding sector and when correctly expanded provides growth opportunities and also generates a source of high revenue.

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Best Restaurant Consulting Sevices

 

Restaurant consulting services

India’s vast cuisine is an amalgamation of influences from various cultures and traditions over the centuries. This popularity put the country on the global culinary map with several chefs earning prestigious awards for their restaurants. Furthermore, restaurants and hotels accounted for the highest consumption among the food services market across the country in the financial year 2020.

                                          Best Restaurant Consulting services in Bangalore:

Constituents such as a rise in frequency of eating out, the tendency of experimenting with new cuisines and growing brand consciousness have driven the Indian food service the market for a considerable portion. This has directed the dominance of full-service restaurants in India.

India has observed a significant growth in the Quick Service Restaurants franchises (QSR) in the past decade. The concept of quick serving restaurants has been successful in the country due to shorter serving times and quicker food consumption alternatives for the consumers. Several foodservice players such as McDonald's, Burger King, Pizza Hut, Domino's, KFC among others are few famous quick service restaurants widely present in almost every city of the country. Therefore, quick-service restaurants are yielding to the foodservice market in India significantly.

HOW TO EXPAND YOUR RESTAURANT BUSINESS?

Starting Franchise A restaurant is a method to effectively expand your business. Under this system, you (the franchisor) give a license to independent owners (Franchisee) to use your Trademark, business model, along with and other intellectual properties along with processes to sell or provide services under your Brand Name.

 

70% of successful restaurant owners choose to franchise their business after they start making high profits. Businessmen who choose to expand their business are six times more likely to earn profits and be successful in replicating their brand's name and success.

 

HOW TO FRANCHISE YOUR RESTAURANT FRANCHISE?

 

Current Model Evaluation

Before you start franchising your restaurant business, you should accurately evaluate your business from end to end. The most crucial aspect to consider is the suitability of your business concept.

It is necessary to evaluate the cost structure of the cash flow for the initial years and give an estimate of the five-year return to the franchise.

 

The cost structure includes the following-

●      Initial setup cost

●      Infrastructure development

●      Equipment required

●      Technology

●      Marketing plan

●      Human resource management

 

Process of Working

If your concept is replicable, then you need to stabilize a robust and efficient process to ensure consistency and success across outlets of your brand. The principal aspects that determine the process of working are-

●      Sales Recording and Tracking

●      Stock and Inventory Management Process

●      Supply Chain Management

●      Vendor Management

●      Payouts and Commission Management

●      Staff Training

●      Franchisee Assistance

 

Trademark and Logo Registration

When you franchise your restaurant, you give someone the franchisee the right to use your brand's logo and Trademark. Hence, registering your brand’s logo and acquiring a trademark is the most important in the process of franchising your restaurant.

 

Cost Estimation

After deciding the processes, you need to prepare an initial setup cost or investment plan for Franchise Restaurants. The top restaurant franchise business models owe their success to accurate cost estimation and the ability to cut down on unnecessary elements such as food costs, wherever possible. It should have all the possible heads of expenditure. Based on your restaurant’s business model, divide the initial setup costs.

Infrastructural Soundness

●      Choice of Location

●      Interior Setup

●      Electric and Electronic Fittings

●      Furniture Requirements

●      Branding / Signage (Interior / exterior)

 

Licensing & Establishment Cost

There are a few licenses that you will require for the further establishment of your outlet. You will need to obtain all the necessary permits and licenses that you would need to settle down with a restaurant. Given below are some licenses that you will need to obtain as a restaurant franchise:

●      FSSAI

●      VAT/GST registration

●      Local Municipal Licenses

●      Liquor Licenses

 

Cash Flow and Financial Projection

Based on the current and the past sales of your restaurant, you should consider the current Cash Flow and the Financial Projections. The franchisor should prepare a cash flow for the revenues based on the number of orders per day and multiply it by the average ticket size.

This will help in the revenue projection of your restaurant.

Further, as the franchisor, you should estimate the expected average growth rate and project it for the first twelve months of the business of the franchise. Also, project revenues and incomes for the first five years or the tenure of the franchise.

Brand Profile

Prepare a Brand Profile or a business plan and to give a better understanding to your Franchisees. You must be in the position of competing with the prevalent top restaurant franchises in India. The documents should contain the vision of the brand.

It should also give the vision of the brand along with providing a brief detail about the products and services offered along with the schedule of the opening a new outlet.

 You also need to mention what kind of support and recruitment assistance you would be providing to the restaurant franchise before and after the establishment. This will enable you to influence some level of consistency and uniformity in the brand. To avoid the loss of the brand's reputation, the franchisor must create a culture of adhering to the brand values from the inception of the franchise.

 Franchise Agreement

Since there are no laws distinct to Restaurant Franchising, it is vital to have a designated agreement between the two parties to protect the rights of both the franchisor as well as the franchise. The Agreement should contain explicit information regarding the payment, plan, tenure, schedule, royalty, and the support the franchisor will provide to the franchise.

There is no legislation to protect the franchisor under which it can sue the franchisee or take away the right to continue the business.

 Training

Training of the Staff is an essential component required to maintain the standards of the product as the Franchise Restaurants. The franchisor should administer the training of the entire staff, right from the Head Chef to the busboys. The selection and training of the new employees should be done much before the opening of the Franchise Outlet.

Most successful Franchisors prefer to recruit at least a few employees one month before the opening of the news outlet. They seek to give hands-on training to the existing outlets to provide the recruits with a conception of the level of services expected from them. Some Franchisors also employ some of their old trained staff at the new outlet to train the new employees.

 

Restaurant Franchise Consultancy:

 Once the restaurant has started with its working, and the restaurant owner is earning profits, The next step for the business is its expansion.

Expansion of your restaurant business would require careful planning and consideration. Among several restaurant expansion opportunities, you need to analyze various factors and choose the suitable method of expanding your pre-existing business venture.

 

 Restaurant owners mainly turn to the Franchise route for restaurant expansion because of its ability to save time and considerably reduce the resources required for executing the expansion of their Restaurant Brand.

 

Sparkleminds is one of the leading restaurant consultant firms that can help you go through the restaurant franchising journey. The company has a robust team of market analysts and strategy formulation experts who can help you replicate your brand correctly and effectively.

 Franchise Consultants Service:

1.Franchise services

2.Digital Marketing service

3.Social Media Marketing

4.Google ads

5.Website on SEO

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