How to Buy a Franchise

  • Make a list of the 10 fastest growing franchises in the country.

  • Look for existing franchise networks in your target area.

  • Keep up with franchise news.

  • Check the minimum amount of capital required to open a franchise. For example, the investment for setting up a NIIT center can vary from Rs 12 lac to Rs 40 lac depending on the center location and types of courses offered.

  • Research the required operational process flow. For example, a playschool would require several trained/untrained staff, teaching aids, play equipment, while a coaching center would employ apart-time faculty and a convenient location.

  • Research royalty fees charged by the franchise management and the advertising and marketing support they provide.

  • Research financial rankings of franchise networks. Banks rank franchises from grade A to D. A higher grade means lower down payment required, less paperwork and faster closing under startup business loan programs.
 

Small Business News

Neo Liberal Policies possible solution for MSMEs’ Downturn

2010-07-28 01:34:09

With economies of Europe and US are hard-hit by recession, SMEs in India has also witnessed decline in the last three quarters of 2008. The...

Udyami Helpline: To provide free information to entrepreneurs

2010-07-27 01:39:39

A new national level call-centre, named Udayami Helpline is about to be launched to help entrepreneurs of the country seek information and to redress their...

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