Category: Franchising

Today the concept of franchising is helping many prospective investors and entrepreneurs to quit the corporate life and start their own business with confidence. Even with a very low investment one can think of starting a franchise business of their interest. People have become more conscious about investing their money due to the frequent changes in the economy and thus they look for options where the investment is low and profit is high. This has led to the popularity of low cost top franchise opportunities such as bookstores, gift shops, flower shops, apparel shops and so on. These are some business where investors can enjoy high profit.

For any business to be successful, enough time, effort and energy is required. In fact, the location of a business is very important as it is directly linked with the visibility of your brand. When we talk about brand visibility of a low cost franchise business nothing can be better than starting your business in a kiosk. In todays busy world, kiosks are growing increasingly popular, as it can does not need much space and can be opened easily. Low cost top franchise opportunities like jewellery, luxury brands, watches, sunglasses, juice shops, coffee centers, chocolates, sweets and ice-cream can generate maximum profits for the owner if started in a kiosk.

Running a successful top franchise business in a kiosk format is getting popular for a plethora of reasons. Mostly in a kiosk, low cost franchise business can be opened which is easy to start and maintain. By starting a business in a kiosk one can avoid paying large amounts of overhead or high rental fees. Due to the small size of kiosk, fewer employees are needed to manage it, keeping the operating costs low as well. As kiosks are often located right in the entrance one enjoys maximum visibility for their business. This ensures more visitors to the shop and thus registering more sales too.

Aspiring entrepreneur who is keen on starting a franchise business in a kiosk must look for a perfect location. Some perfect locations for a kiosk to gain maximum footfall and profits are shopping malls, airports, large outlets, high-streets, hospitals, university camps and local fairs. Even though the size of a kiosk is much smaller as compared to an outlet but if it the location is great, it can do wonders to your franchise business.

However before deciding and venturing into any top franchise opportunities in a kiosk you need to do your research properly. It is better to talk to the franchisors to get an idea about what type of location will be suitable for their products or services.

To conclude it can be rightly said that investing in a low cost franchise that can be started in a kiosk franchise can surely make your business success to help you enjoy high profit. However never forget that success depends upon the location of a kiosk and on how well the franchisee can manage it.

Food in India is a fascinating mix that has evolved with changing lifestyles; the taste is myriad and out-of-this world and the way it is cooked is just mesmerizing. Spices add to the tanginess, the flavor, and the uniqueness in every dish that are bound to let mouths water at the very thought or sight. There is a staggering variation of food in India from region to region and the taste, of course.

Sweet food in India is chiefly made from sugar. There are many homes in India that still follow the traditional methods of preparing sweet food at home on special occasions including during festive junctures like Diwali, etc. Urban families prefer buying sweets in bulk for use at home as well as for gifts to neighbors, friends, and relatives.

Be it breakfast or between meals or just like that, vegetarian snacks never fail to delight your taste buds. Vegetarian snacks of India are known for the crispness and appealing tastes. If you have a busy schedule, you dont need to worry because choicest vegetarian snacks are available at the nearest food outlet to fuel you up. Savory vegetarian snacks liked by most people include samosas, vegetable pakora, paneer pakora, aloo tikki, bread rolls, chole bhature, daal kachori, bada pav, etc.

There are counted few restaurants that are known all over the country as well as worldwide for the taste and variety of sweet food, vegetarian snacks, South Indian food, and other snacks items like namkeens. These restaurants like Bikanervala offers business franchise opportunities to interested people. Business franchise and franchising opportunities are increasing internationally. If you have a long cherished dream to turn out to be a business owner; buy a food business franchise and you will never regret it.

Franchising is a popular trend in the Philippines today, particularly now that many Filipinos have started their own businesses through acquiring a franchise. A popular example of a franchise business today is food-cart or food-stall business.

Franchising Trend in the Philippines
Although it was only a few years ago in which franchising gained a lot of popularity in the Philippines, this specific business process has been in the Philippines for decades. It was because of this unique business process that many foreign businesses were established in the country, such as 7eleven and McDonalds.

Today, because of new Franchising business Philippines that requires lesser costs and maintenance, such as the popular food-cart or food-stall business, many Filipinos were able to acquire a franchise business for themselves. And it was because of this that franchise businesses became a popular trend in the Philippine market.

Why Food-Cart Businesses?
Like many other popular types of franchising businesses, food carts started as individual businesses owned by individuals. However, a number of franchising companies in the Philippines foresaw its success as a franchising business and started to acquire the rights of these businesses from their owners, while other food-cart business owners had also started their own franchising.

Since then, a new concept of franchising business was introduced in the Philippine market which aims to accommodate the needs of the average Filipino. This is the food-cart franchise business which is now considered as one of the most popular and in-demand franchise business Philippines. So what are its advantages?

Affordability One reason why these types of franchise businesses became popular is because of its affordability, in which many of todays food-cart franchise businesses can be acquired for no more than P25,000 Philippine Pesos.

Simplicity Another reason why these franchise businesses became popular is because of its simplicity which requires lesser maintenance costs and effort. And because of its relatively small size, these businesses can also be easily manned by one or two personnel, which make these businesses even more popular in the country.

Success of the Franchising Industry
According to the PFA, or the Philippine Franchising Association, the franchising industry had grown immensely since the start of food-cart or food-stall franchise businesses in the Philippines. Because of its affordability, many Filipinos were able to start their own successful and profitable business through franchising.

Taking the option of franchising can be a positive move, however it is a move that is not suited to every type of business.

This article looks at some of the things you should definitely think about when considering going into a deal as a franchisee; if you have questions or are confused, your franchising solicitors will be able to provide you with more information.

Costs and financing

As any franchise solicitor will tell you, one of the most important issues you need to consider with any business deal is how much it costs and how you are going to pay for it. When you are thinking of becoming a franchisee, you need to know where your financing is going to come from as it is more than likely you will have to buy in to the agreement. This could be more than 45,000 depending on the business, so it is definitely something to consider.

As well as the initial start-up costs, you also need to think about your long-term running costs as you need to know you will be able to make ends meet while you get everything up and running, just as you would with any other business.

The franchise itself

You should also think about the company you are planning to make an agreement with. What industry are they in? Do you have experience in that industry? Does the company have a good reputation? If the company already has franchisees, it can be a good idea to talk to them so you can get a better idea of what it might be like if you decide to go ahead with an agreement.

Length of the agreement

The length of the contract is another important issue to consider before going ahead with any agreement. Some contracts are relatively short (up to three years, for example), while others lock you in for a decade or more so you should think about what you want before signing anything. Your franchising solicitors will be able to talk you through your options.

Who has control?

What you actually get for your money is important, too, as some franchises offer their subsidiaries more control than others. You need to know who would have financial responsibility for things such as uniforms and training, as well as how much creative discretion you’d be allowed, as some companies are stricter about following precise business plans than others.

Intellectual property

Intellectual property advice is another issue it’s worth thinking about as trademarks, training manuals, promotional material and more all fall under this banner and so licenses need to be sorted out for the franchisee. In fact as franchising has sometimes been described as “renting a brand”, issues about branding are critical – so you will need to make sure that you get expert intellectual property advice as part of your legal package from your solicitor. This is something your franchise solicitor will be able to guide you through to make sure you understand what’s happening.

Turning your own business into a franchise is incredibly exciting. However it is a complex process that you will need professional legal help before you embark upon it.

Specialist advice is essential when setting up a franchise opportunity. it will help make sure that you do not make unnecessary mistakes which often occur in situations such as this.

One of the most crucial considerations to make is whether or not there will be demand for your particular area of business. While specialist franchising lawyers do not take on this research work for you, they can advise on what you will need to look for in this situation. They can also reveal their experience in dealing with other franchisors who have set up businesses in the past. This can be invaluable in considering how to approach your own franchise opportunity.

For example you might have one particular area of your business that you think would be successful as a franchise. However not all business ideas can be successfully developed from an initial business. Always do your research and never assume that one success story can automatically be turned into other similar ones elsewhere. Your research will help you work out whether or not you can move forward with creating the franchise opportunity.

Getting the right sort of advice will make sure that you are following all the right processes to set up a brand new franchise. But unless you know there will be sufficient demand for your franchise there is no point in travelling down this road. Specialist solicitors will be able to tailor their advice based on the research that you have conducted and therefore give you a good indication on how to proceed.

One important initial step will be to examine the company’s current finances and see whether or not franchising is a viable action. Bear in mind that you will asking potential franchisees for a fee to buy into your franchise, so you need to consider what sum would be reasonable to ask for. Your expert lawyers can advise you on this, as well as on many other subjects.

Overall however you still have to work out what demand exists for your type of business. Once you know whether it is viable or not, you can progress to the next stage.