customize beat headphones Exploring The Perfect Business Opportunity For 2013
Like every year, I have been to India’s largest franchise exhibition at Delhi, last month and did get a chance to interact and speak with the top franchise companies in India and what their future plans looked like. I was pretty impressed with the new opportunities that are surfacing on the one hand while there have been the regular torch bearers of the Industry participating with a hope to capture the best entrepreneurs from the show.
Subway Franchise has been one of the top food franchises across the globe with over 38000 restaurants in over 100 countries and has been one of the front runners of how food businesses can be franchised. Franchises pay 8% royalty and 3.5% towards advertising contribution in India. Subway similarly has been the best fast food franchise in India for a couple of years since it started operations here. India has a special place in subways history as it opened its first vegetarian restaurant here. With over 353 franchises in India this franchise is one sure shot you can hit.
Remax Franchise is a leader in real estate franchising in the world. It is the No 1 real estate franchise globally and has been expanding aggressively in India as well. RE/MAX India has divided India into various regions typically states, out of which they already have presence in 23 Regions. It is presently granting Master Franchises for Haryana, Bihar, Jharkhand,Madhya Pradesh,West Bengal, J North East States, Himachal Pradesh, Uttar Pradesh, Uttrakhand Rajasthan. Typical investments for taking a franchise range from INR 30,00,000 to INR 150,00,000 depending upon which states franchise you choose to take.
There have been several laundry businesses which are trying to get their acts in place in a supposedly 5200 cr market (KPMG Study). One such player from North India has been Quick Clean Franchise with a presence in Delhi NCR with 11 outlets and are now looking at reaching to other parts of the country strategically. With assurance of complete support to Franchisees the company has a systematic assistance program for Site Selection Designing of the outlet, Recruitment, Training, Administration of Daily Operations Centre Franchise is asia’s largest network of of over 300 Cadd/CAE/Cam training centers in 14 countries. The company began franchising in 1995 and today has a very successful franchise model and support system. The company has a fixed annual franchise fee system which is based on the area’s potential and hence the franchisee pays no other recurring costs other than the initial franchise fee and the other investments that are required to start a CADD Centre Franchise.
Another budding brand that caught my attention was IOSIS Franchise. Promoted by the famous actress Shilpa Shetty Kundra and Kiran Bawa the company has already signed 8 locations with 15 boutiques.5 are currently operational, 3 boutiques in Mumbai and 1 each in Lucknow Guwahati. Boutiques in Mumbai: Chembur, Mulund, Vashi, Varanasi, Ahmedabad, Delhi, Kolkata Pune are coming soon. The beauty of the IOSIS franchise model is that it offers slimming therapy, Spa Salon services all under one roof. A panel of nutritionists, spa therapists, hair style directors, cosmetologists and physiotherapists all work together.
You could either explore their Fusion of 4 model that needs 2200 Sqft while the Interior Cost would be Rs. 3500 Psf,
the brand fee definately is on the higher side with Rs. 30 lacs and the Initial Stock would cost Rs. 15 lacs and an additional investment in Machines for Rs. 3000 Psf, the Brand Fee is Rs. the acute 30 lacs,Initial Stock: Rs. 10 lacs. The Slimming Beauty Center is the third one and the Space Required is 1500 Sqft, Interior Cost is Rs. 2500 Psf, Brand Fee is Rs. 30 lacs while the Initial Stock is Rs. 10 lacs and Machines cost Rs. 15 Lacs. The company has over 75 franchise centers and offers a payback of investment with 18 months. You will need 1000 1500 sft of space with investments of 8 15 lakhs.
VLCC Franchisehas been a leader in the wellness, fitness and beauty services industry in India. The company has over 150 slimming, beauty and fitness centers across country. the VLCC CENTRE Franchise Cost is 50 Lakhs for which the Area Required is 1700 1800 Sq. Ft. For VLCC SALON Franchise the Area Required is 900 1000 Sq. Ft. (Carpet Area) and the Investment is 25 Lakhs. Franchise fee is based on the location while the franchises pay royalties on sales achieved. You can be assured of a business that pays you back in 3 4 years and gives you over 30% returns on your investments in the right catchments.
Sahara Q Shop Franchisecreated a guiness world record for the most number of stores launched simultaneously. On 1 April 2013, at 4 Pm it opened 315 outlets across the country at one go. Sahara Q Shop stores opened under franchisees as well as company owned formats, having sizes of 300 sq. ft, 400 sq. ft and 500 sq. ft area. The company already has over 35 franchise outlets operational with several more to come on board.
Prestige Smart Kitchen Franchisehas trail blazed the kitchen retailing industry with 245 franchise stores across 150 locations in India. Needless to say, the brand is very strong in South India but they also have a balanced presence in North (35 outlets), West (25 stores) and East (20 stores) India. Prestige Smart Kitchen has a very wide coverage across the country and is not just limited to Metros Tier 1 cities.
A typical prestige smart kitchen franchise costs anywhere between Rs 10 20 Lakhs depending upon the location which includes all franchise fees etc. The space required is about 400 800 sq. ft. As per company estimates, the franchisee can easily expect a return on investment of about 24 36 %. The above investments includes interior cost, set up costs, fees, stocks costs etc. a policy, Kapsons does not give franchise for its own multi branded store. The company has also tied up with international brands, viz Tommy Hilfiger, Calvin Klein, FCUK, US Polo and United Colors of Benetton, to open and operate their stores.
Reliance Footprint Franchise is the footwear speciality store from Reliance Retail which is planning to double its number of stores in the next six months. company has taken the franchisee route to expansion and will soon open its first franchisee store in the Calicut, Sankar said, claiming that the overall market is growing by 15 per cent but Reliance Footprint is growing by more than 100 per cent. Reliance Footprint sells footwear, accessories and luggage of various brands such as Bata, Pavers, Lee Cooper, Red Tap, Clarks, Adidas and Puma.
Disclaimer: Readers are advised to make their own research and judgement of the franchise business opportunities mentioned above.