HOW TO START A FRANCHISE BUSINESS IN INDIA

Written by : Divya Tiwari, Founder Kinderbots

Taking a franchise can be a great way to start a business with an established brand and support system. However, it also involves significant investment and long-term commitments. Here are key things to consider before taking a franchise:

1. Brand Reputation

Research the brand: Look at customer reviews, media coverage, and brand presence.
Market demand: Ensure there is a strong and ongoing demand for the product or service in your target area.

2. Franchise Costs

Initial investment: Franchise fee, equipment, location setup, inventory.
Ongoing fees: Royalties, marketing fees, technology fees, etc.
Hidden costs: Renovations, mandatory upgrades, training travel costs.

3. Franchise Agreement

Legal review: Have a lawyer review the franchise disclosure document (FDD) and contract.
Terms and obligations: Understand the length of the agreement, renewal terms, exit clauses, territory rights.
Restrictions: Know what you can and can’t do (e.g., selling other products, modifying branding).

4. Support and Training

Initial training: What is covered, how long it lasts, and where it is held.
Ongoing support: Marketing, operations, HR, technology support.
Site selection help: Does the franchisor assist with choosing and negotiating a location?

5. Profit Potential

Realistic financials: Evaluate projected earnings vs. costs. Talk to existing franchisees.
Break-even timeline: How long before you can expect to make a profit?
Local competition: Analyze competitors in your area.

6. Operations and Management

Day-to-day involvement: Know what level of personal involvement is required.
Staffing needs: Consider hiring, training, and retaining staff.
Operational complexity: Some franchises are simple; others require specialized knowledge.

7. Territory and Location

Exclusive territory: Ensure your franchise won’t face internal competition from other franchises.
Demographics: Does your area have the right customer base?

8. Exit Strategy

Resale rights: Can you sell your franchise? Are there restrictions or approval needed?
Transfer fees: Know any fees involved in transferring ownership.

9. Franchisee Feedback

Talk to current and former franchisees: They can provide honest insights on profitability, support, and challenges.
Franchise satisfaction: Look for signs of disputes, litigation, or high turnover.

10. Personal Fit

Passion and interest: Choose something you’re genuinely interested in and can commit to.
Lifestyle impact: Assess how the business will affect your time, family, and financial flexibility

KINDERBOTS INDIA IS INDIA’S FIRST ROBOTIC PRESCHOOL COMPANY PROVIDING FRANCHISES. In a very easy and affordable rates. Apply now +919129130125 or visit – kinderbotsindia.com to know more.