All you need to know about Franchise Fee & Royalty Fee in the Franchise Business
Fortune Franchise May 4, 2021
For the first-time franchise owners and those who have an idea to buy a franchise business, the world of franchise costs can be confusing! What is a franchise fee? What is a royalty fee? What they covered? And why should I pay the franchise fee? Why it is important and necessary? So, this article deals with everything you need to know about franchise fee & royalty fee, demystifying about franchise cost, and given clarity about those questions: What is a Franchise Fee? A franchise fee is an initial amount that pays to the company to make use of the brand name, and its resources. The company’s franchise disclosure document (FDD), has clear mention of the franchise fee details. Signing an agreement and paying the fees allows you to use the franchisor’s business system and/or products. Factors Used To Determining the Franchise Fees There are many factors are used to determine […]
Read MoreHow to start KFC Franchise in India [Complete Information, Cost, & Setup Guide 2021]
Fortune Franchise April 29, 2021
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KFC (Kentucky Fried Chicken) restaurant is named one of the top restaurant franchises in the world. With its delicious chicken food products and its usage of the impeccable mix of herbs and spices in their food products had helped KFC in gaining popularity all over the world & also in India. Are you planning to start a KFC Franchise in India? If yes, this article is covered with complete information on the procedure, process, cost, and application to start a franchisee. About KFC Company KFC is a global chicken restaurant brand with a rich, decades-long history of success and innovation. It all started with one cook, Colonel Harland Sanders, who created a finger-lickin’ good recipe more than 75 years ago—a list of 11 secret herbs and spices scratched out on the back of his kitchen door. Today, we still follow his formula for success, with real cooks breading and freshly […]
Read MoreAll You Need To Know About FOCO Model in Franchising
Fortune Franchise April 28, 2021
The franchise is a form of business organization in that franchisor, has a well-established successful product or business model, enters into a continuing contractual relationship with other business called franchisees. Before investing money in a franchise business, budding entrepreneurs should know about the franchise business models, which one will reap more benefits? Here in this article, let’s discuss the most preferable franchise model in India “FOCO” means Franchise Owned, Company Operated. What Is FOCO Model? In simple terms, the investor just has to invest the money and the rest will be handled by the company. Including handling daily operations, set up interiors, providing manpower, packaging, and raw materials, etc. will be done by the company. In turn, the franchisee gets a minimum guarantee or percentage of revenue earned. Plus, the Investor will also get the fixed percent profit margin on the business. So, the best model for franchising is undoubtedly […]
Read MoreHow to Choose the Right Industry for Franchise Business [Best Tips 2021]
Fortune Franchise April 26, 2021
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For many investors and entrepreneurs, start a new business may seem like risk a lot to invest the money. Investing in an already established brand through franchise business is minimized the risk factor, besides having numerous benefits. Still, many people are confused about finding the best industry to enter a franchise business. Here, in this article let’s discuss the tips for finding the best industries with respect to interests and market demand. Observe the People Research Extensively Explore What’s New and Growing Consider the Future Potential Room for Expansion Look Into Supply And Demand Observe the People First & foremost for selecting the industry, observe and watch where people go and spend mostly. Study the patterns and concept for e.g. How many tea shops are within 10 square miles? .Choosing the franchise based on what people like even if it is already presented in your area. Research Extensively Before beginning […]
Read MoreBest & Profitable Low Cost Franchise Business in India For 2021
Fortune Franchise April 24, 2021
One of the main reasons to choose a franchise business is that buying an already proven concept rather than starting a business from scratch. Most of the budding entrepreneur’s preferred to choose low-cost franchises because of the following reasons: Affordable Flexible schedule Can bring faster profit Not required lots of staffs Low risks & High Scalability Many of them believe that need to dispense lots of money to buy a franchise business, yes’s indeed, but at the same time, some great low-cost franchises can give a very high return on investment in the long run. If you are searching for reliable business, consider the following best and most profitable low-cost franchise business in India Stay Happi Franchise StayHappi brings you an opportunity like never before to earn and serve the community at the same time. With StayHappi you join the revolution to provide medicines and treatment to all at the […]
Read More7 Ultimate Ways to Scale your Franchise Business Up [2021]
Fortune Franchise April 23, 2021
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After you beat the massive challenge of starting a franchise business, the game is not yet over. If you’ve big ambitions in business life, scaling up your business is the next challenge on the line. Scale vs. Growth In simple terms, the growth of the business means the process of improving some measure of enterprise success. Either you can achieve the business growth in top-line (selling product or services with greater sales) or increasing the bottom line (Profitability of operation by minimizing costs) Scaling of the business On the other hand, the company adding revenues faster rate without much focused on adding any new costs in the business. In simple, how you effectively use the existing resources to make a profit with minimizing additional expenses. Scaling up business is not for everyone, only for the business who qualified following points: Income must be higher than expenses. Your business should’ve more […]
Read MoreTop Kulfi Franchise Businesses to Invest in India [Low Investment High Profit]
Fortune Franchise April 21, 2021
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India is evolving and rapidly developing market. Food and beverage franchises are most popular; especially the small restaurants that have a high demand & market share. On the queue, kulfi and dessert items are fast becoming a most-favorite among the city residents in India. Hence, it’s the perfect time to grab the wonderful opportunity to start a kulfi franchise business. Here in this article let’s discuss the best kulfi franchise opportunities: Chennai Kulfi Franchise Chennai Kulfi is an authentic kulfi maker in Tamil Nadu. Over the years of experience in making delicious kulfis and established their strong brand & reputation among to the customers. Chennai Kulfi offers 90+ varieties with different flavors and also tasty kulfi shakes, fabulous faloodas, jigarthanda, ice creams, sandwiches, burgers, wraps, yummy Milkkova, and a range of freshly prepared snacks. Franchise Business Details: Investment: 4 Lakhs to 6 Lakhs Brand fee: Zero Space: 100 to 150 […]
Read MoreUnderstand the 3 Best Types of Franchise Arrangements in Franchise Business
Fortune Franchise April 20, 2021
A franchise gives the perfect opportunity for aspiring entrepreneurs, individuals, companies, and investors. Also, the franchise industry is very versatile with business models, industry options, and investment criteria. Furthermore, it has diverse types of franchise arrangements. Here in this article, let’s discuss the types of franchise arrangements in franchise business: Unit Franchise In the franchise business, a unit franchise is the most traditional and common form of franchising. It is divided into two categories: Single-unit franchise Multi-unit franchise Single Unit Franchise A single-unit franchise is a franchise agreement in which the franchisor permits the franchisee the rights to open and operate one (single) franchise unit. Here, franchisees have to invest their own money (capital) and apply their own management skills to run the franchise business. Multi-Unit Franchise A multi-unit franchise is a franchise agreement in which the franchisor grants the franchisee the rights to open and operate more than one […]
Read MoreTop Tea Franchise Businesses to Invest in 2021
Fortune Franchise April 17, 2021
In the entire franchise industry, the food franchise business is booming across India. People want to taste different types of foods and love to eat tasty food across the boundary. The food and beverage franchise business has witnessed significant growth in recent times, spread across all cities, and offers quality food & superior taste to its customer. Here in this article let’s discuss the best tea franchise opportunities to start a food retail business of your own: Tea Time Franchise Tea time is one of the biggest tea brands in India, presents its business to more than 1000 outlets across Tamilnadu, Kerala, AP & Telangana. Tea time franchise discovered their perfect methods of serving tea to keep the customers happy and return back again. They also serving premium milkshakes, coolers, and freshly made tea at a reasonable price. Franchise Business Details Fast-growing brand – Unit franchises of tea time spread […]
Read MoreThings You Need To Look When Consider a Franchise Business
Fortune Franchise April 15, 2021
Franchises are one of the most successful businesses in the world. Buying a franchise provides a greater chance of success in the market and it’s also an incredible way to become a business proprietor. Before buying a franchise, you need to understand a lot about the respective industry & market. You can also be getting help from a franchise consultant, who can give you the best fit options according to your requirements & needs. Here in this article, let’s discuss about the factors you should look at when considering a franchise: Get To Know Yourself and Values Company Culture Brand Selection Proven Track Record Profitability Possible For Expansion Get To Know Yourself and Values Before deciding on any franchise opportunity, you need to know your values apart from investing the money. A Franchise is not just only making an investment. Ask yourself the following questions before taken into decision: What […]
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