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An Overview ofProvisionShopFranchiseAll About ProvisionShopand its UniqueFranchise SystemA ProvisionShop DocumentApril 200...
An Overview of                                       ProvisionShop Franchise        Content Summary               Page   T...
An Overview of                                                                              ProvisionShop Franchise       ...
An Overview of                                                       ProvisionShop Franchise        Detailed Content - Con...
An Overview of                                                                                   ProvisionShop Franchise  ...
About ProvisionShop                                         Prov is ionShop           was    founde d       in   1999     ...
All About Franchising                                          1. Definition of a Franchise                               ...
5. Tenure or Period of Contract               This   is   the    pe riod      of    validity      of    the     le ga l   ...
8. Renovation Cost                                          The     re n ov a t io n    c os t     re fe rs    to    the  ...
12.       Supply of Goods and Services                F r an ch is o rs     u su a l ly     s pe c i fy    t ha t   a     ...
Advantages of Joining A Franchise                                          1. Higher Chance of Success                    ...
4. Economies of Scale in Bulk Purchasing                A typical small business owne r will find it difficu lt to        ...
The ProvisionShop Franchise                                          ProvisionShop Franchisor    “ProvisionShop Franchisor...
free phone numbe r to call and seek adv ise &                                                         gu idance from.     ...
Types of ProvisionShop Franchisee                                          1. ProvisionShop Master Franchisee  “ProvisionS...
de rive       m ont hly,          quarte rly          or          annu al         royalty       /                managemen...
All About ProvisionShop         and its Unique Franchise System                                             4. ProvisionSh...
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ProvisionShop Franchise

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The ProvisionShop Franchise is a much sort after Retail Model for the New Economy. Since its release of its ProvisionShop White Paper in mid March 2001 in Singapore, it has received various requests locally & inquiries from regional countries including Malaysia, Philippines and India. ProvisionShop is now working closely with a few prominent Franchisee potentials from these regions.
Structured below is an attempt to give an overview of the ProvisionShop Franchise.

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Transcript of "ProvisionShop Franchise"

  1. 1. An Overview ofProvisionShopFranchiseAll About ProvisionShopand its UniqueFranchise SystemA ProvisionShop DocumentApril 2001 First ReleaseOctober 2003 Updated
  2. 2. An Overview of ProvisionShop Franchise Content Summary Page Title 5 Executive Summary 7 All About Franchising 11 Advantage of Joining a Franchise 13 The ProvisionShop Franchise 15 Types of ProvisionShop FranchisePage 2 of 17 ProvisionShop Franchise System, April 2001
  3. 3. An Overview of ProvisionShop Franchise Detailed Content Page Title Executive Summary 5 I nt ro du ct io n 5 P r ov is i on Sh op Wh ite P ape r 6 A b out P r ov is i on Sh o p All About Franchising 7 1 . D e f in it i on o f F ra n c h is i n g 7 2 . D e f in it i on o f F ra n c h is o r 7 3 . D e f in it i on o f F ra n c h ise e 7 4 . De finit ion of Franchise A greement 8 5 . Tenu re or Period of Contract 8 6 . I n it ia l Fee 8 7 . Royalty / Management Fee 9 8 . R e n ov a t ion C os t 9 9 . W o r k in g C a p it a l 9 10 . P ay m e nt Te rms 9 11 . T e r r it o ry 10 12 . S upp ly of G oods & Se rv ice s 10 13 . C omp liance w ith Cont ract 10 14 . T erm s of Te rm in at ionAll About ProvisionShop and its Unique Franchise System Page 3 of 17
  4. 4. An Overview of ProvisionShop Franchise Detailed Content - Continued Page Title Advantage of Joining a Franchise 11 1 . H i g h e r C h a n ce o f Suc ce s s 11 2 . Sh orte r Bus iness Learn ing Cu rve 11 3 . R e n ow n e d T r a de m a rk 12 4 . Econom ies of Scales in Bu lk Purchasing 12 5 . Joint Adve rt is ing & Prom ot ion 12 6 . T r a n s fe r o f M a n a gem e n t E xp e r t ise 12 7 . T r a in i n g 12 8 . S upp ort Se rv ice fr om F r anc h isor The ProvisionShop Franchise 13 P r ov is i on Sh op F ran ch i so r 13 P r ov is i on Sh op O f fe r in g 13 1 . Documentation 13 2 . S u p p o rt 14 3 . H a r dwa re 14 Screen Shots Types of ProvisionShop franchise 15 1 . P r ov is i on Sh op M aste r F ra nc h ise 15 2 . P r ov is i on Sh op St ate F r an ch ise 16 3 . P r ov is i on Sh op D ist r ic t F ra nch ise 17 4 . P r ov is i on Sh op In d iv id u a l Fr anc h isePage 4 of 17 ProvisionShop Franchise System, April 2001
  5. 5. An Overview of ProvisionShop Franchise Executive Summary Introduction “The ProvisionShop Franchise is a T he P r ov isi o n Sh op Fr a nch i se is a m u ch s o rt a ft e r Re t a i l much sort after Retail Model for the Mode l for the New Ec on omy. S ince its re lea se of its New Economy. Since its release of its ProvisionShop White Paper in mid Prov is ionShop White Pape r in m id March 2001 in March 2001 in Singapore, it has received various requests locally & S i n ga po re , i t h as rece ive d v a r i ous reque st s loc a l ly & inquiries from regional countries in qu ir ie s fr om re gion a l c ount r ie s inclu din g Ma lays ia , including Malaysia, Philippines and India.” P h i l ip p i n e s and I n d ia . Prov is ion S h op is n ow w o rk ing c l o se ly w it h a few p r om ine nt F r an ch isee p ote nt ia ls from Kenneth Kam, the se re g io ns . Founder, Chairman & CEO ProvisionShop Pte Ltd S t ructu re d be l ow is a n at tempt t o g ive an ove rv iew o f the P r ov is i on Sh op F r an ch i se . I f t he re be quest ions , p lease fee l free t o cont act us at (65) 475 7884 or em ail u s at c a re@P r ov is ion Sh op. c om . ProvisionShop White Paper T he P r ov isi o n Sh op W h ite P ape r w as p re se nt e d at t he Singapore Ret a il Industry Confe rence ( S RIC) 2001 in c o njun ct ion w i th The Ret a i l Ind ust ry T rade E xh ib it io n ( R ITE) 2001 in Sunte c Inte rnat ional Convention & E xhibit ion th Cen t re , S in g ap o re , o n 2 8 March 2001 . P re se nt in g t he P r ov is i on Sh op Wh ite P aper wa s c o n fe re nce spe ake r M r K e n ne t h K am , Fou n de r , Ch a i rman & CEO of P r ov is i on Sh op Pte Lt d. The Wh ite P ape r is entitled "Small is Beau tifu l : Why Small Shop s fit pe rfectly in t he New Economy”. P r ov is i on Sh op W h ite Pa per ava il a b le at w w w . P r ov is i on Sh o p .c om .All About ProvisionShop and its Unique Franchise System Page 5 of 17
  6. 6. About ProvisionShop Prov is ionShop was founde d in 1999 to address the “The ProvisionShop Brand is about helping our Partners gain an unfair growin g need of retailers of all sizes to acqu ire, retain, sustainable competitive advantage. It’s about these Business Partners a n d better se rve the ir cu st ome rs . Today , Pr ov is ion Sh op staying alive, well and profitable. Systems is the Pre fe r red Approa ch to Bu ilding Better It’s about using technology, proven retail processes & business Bu siness Value both in the retail & logistic indu stries. strategies to maximise their P r ov is i on Sh op Pte L t d is ded i c ate d t o e nh an ci n g t he positioning.” Value C hain & sees itse lf as a Bus ine ss En ab le r. It works Kenneth Kam, close ly w ith its Bus ine ss Part ne rs , s o that t hey can bu ild Founder, Chairman & CEO for t hemse lves a mor e p r ofita b le an d r e leva nt , cu st ome r ProvisionShop Pte Ltd c e n t r ic e n t e r p r i s e , m a x im is in g t h e ir e a s e o f o p e ra t ion ; using ProvisionShop’s unique Mu lt i-Ch an ne l ap proa ch . The Prov isionShop Brand is about he lping ou r Part ne rs g a in an un fa ir sust a ina b le c om pet it ive a dv ant age . It’s a b out t he se Bus ines s Pa rt ne rs s t ay ing a l ive , we l l an d p r ofit ab le . It ’s a b out us in g te chn ology , p r oven r eta il p r oce sses & bu s ine ss s trate gies to m axim ise t he ir p os i t io n ing . P r ov is i on Sh op i s he re t o st ay for t he l ong t e rm.Page 6 of 17 ProvisionShop Franchise System, April 2001
  7. 7. All About Franchising 1. Definition of a Franchise F r an ch is ing is a n a rr a ngeme nt whe re a p a rty wh ic h h as “Franchising is an arrangement where a party which has developed deve loped a way of ru nnin g and managing a bu siness a way of running and managing a su cce ssfu lly , licences anothe r party the rights to ope r ate business successfully, licences another party the rights to operate th at bu s ines s form at un de r the Tr a de or Se rv ice Ma rk (s) .that business format under the Trade or Service Mark(s). The business The bu sine ss arrangement inv olves a forma l le galarrangement involves a formal legal c ont ra ct bet ween the tw o p a rt ies . Th is form a l le ga l contract between the two parties. This formal legal contract is known cont ract is known as t he Franchise A greement . as the Franchise Agreement.” 2. Definition of a Franchisor All About Franchising T he fr an ch iso r is the pa rty tha t own s the T r a de o r S e rv ice Ma rk (s) an d ha s deve lope d t he p roven way of r u nn in g and managing the bu siness which cou ld be duplicate d a n d o p e r ate d b y a t h i r d p ar t y . 3. Definition of a Franchisee T he fr an ch isee is the p ar ty th at o bta in s t he licen ce t o t ra de a n d o pe rate a bus ines s us in g the form at an d the T r a de o r Se rv ice Mar k( s) o wned by the fra nc h is o r. 4. Definition of a Franchise Agreement The franchisee agreement is a le gal cont ract bet ween the franchisor and the franch isee spe lling ou t the rights a n d ob liga t ions of b ot h pa rt ies , te rms a n d c on dit ion s inclu din g that for termin ation, and the validity period. This agreement is drawn up by the fra nch iso r’ s lawye rs . Pote ntia l fr anchisees shou ld consu lt othe rs who are k n o w led ge a b le o n s u c h a g reement s t o go through t he details before sign ing it.All About ProvisionShop and its Unique Franchise System Page 7 of 17
  8. 8. 5. Tenure or Period of Contract This is the pe riod of validity of the le ga l contra ct bet ween the fran ch is or an d fra nc h isee . It is usu a lly set by the franchisor. The le ga l contract can be as sh ort a s 3 years to as long as 10 years or more . Gene rally spe aking, the longe r the v a lidity pe riod, the more one has to pay to join the fr anchise . Usu a lly, the condition to renew the c o nt ra ct is st ate d . In s ome ca ses , fr anc h is o rs may a l low for a re new a l of the cont ract for the same period again a t n o a d dit i on a l cos t . I n ot h e r c a s e s , f r an ch is o rs m ay ask f o r the payme nt of a n a d dit i on a l fee t o renew t he c o nt ra ct . It i s t here fo r e imp o rta nt t o f i nd o ut e x ac t ly h ow long the validity pe riod of the contra ct is for the sum of m oney p a id t o j oin the fra nc h ise . 6. Initial Fee T he in it ia l fee is the up -fr ont payme nt tha t the fran ch isee must m ake t o t he f ra nc h is o r to obtain the rights to be the business format and Trade or Se rv ice Ma rk(s) for a s p eci f i c p e riod. I n re t u rn f or th is fee , m ost fran ch is ors prov ide serv ice s like shop opening assistance , design and lay out o f the p rem ise t o fac ilit ate an ea r ly c onve rs ion t o a f r anc h ise out le t . 7. Royalty / Management Fee T h is is an on -goin g p aymen t, u sua lly ma de mont h ly , by the fr an ch isee t o the fr anc h is o r . T he fee is usu a lly b ased o n a p erc e n t a ge of t h e gr os s m on t h ly s a le s . H ow e ver, it c ou l d a ls o b e a f i x e d f e e o r a v a r ia t i o n o f o n e o r b ot h . I n r etu rn for t h is fee, t he fra nc h is or usu a lly pr ov ide s ma na gement serv ice s inc ludin g j oin t a dve rt is in g and p r om ot ions , up dat ing of the proce du res, con t inu ous new p r o duct deve l opment an d s o o n . I t i s g o o d t o w o rk out t h e m on t h ly a m oun t t o b e p a i d b y the franchisee based on ce rt ain projecte d sale s.Page 8 of 17 ProvisionShop Franchise System, April 2001
  9. 9. 8. Renovation Cost The re n ov a t io n c os t re fe rs to the cost that will be incu rre d by the franchisee t o convert the prem ises t o t he image and lay out spe c ifie d by the franchis or. This cost has to be borne at t he be ginning of the franchise r e lat ionsh ip . He nce, fr an ch isees w ill nee d to have su fficient capit a l to pay for this am ount up-front even be fore cust ome rs start com ing in . 9. Working Capital F r an ch isees must set a s ide su ffic ient fun ds as w ork in g cap it a l t o p ay for normal bus ine ss ove rhe ads e . g. ut ility bills, sala ries, pu rc hases of goods and se rv ices. Althou gh m os t f r a n c h is o rs d o p r ov i de c re d it t e rms f o r t h e g o o ds a n d serv ice s p rov ide d, th is on ly de fe rs the payme nt . When the time arrives, franch isees will still nee d to pay up. 10. Payment Terms G oods and se rv ice s prov ided by t he franchisee have t o be paid for. The period by whic h franchisee s are given t o p ay up is s pec ifie d by t he fr a nch is or un de r p ayment te rms. Usually franchisors prov ide the same credit te rms like 30 day s or 60 days credit, similar to othe rs in the s ame t ra de . 11. Territory F r an ch is o rs usu a l ly u n der take n ot to s et up a n othe r franchise outlet within the territory specifie d unde r the fr a nch ise a greement . The s ize of the te rrit ory is re la t ive t o t he bus ines s an d t he c on t r ac t . I f a f ra nch i se ca n sup po rt a la r ge numbe r o f fra nc h isees , t he te rr ito r y g iven may be small.All About ProvisionShop and its Unique Franchise System Page 9 of 17
  10. 10. 12. Supply of Goods and Services F r an ch is o rs u su a l ly s pe c i fy t ha t a c e rta i n m i n imum pe r cent age of goods an d s e rves nee de d by the franchisee mu st be obtaine d from t hem . It is not un c ommon for the fr a nch is or s t o ins is t on the figu re be in g 100 % as they want to e nsu re the qu ality of the goods and se rv ices prov ided. 13. Compliance with Contract F r an ch isees a re requ ire d t o c om p ly w it h the te rms and condit ions of the franchise agreement . This is to ensure th at fran ch isees c onduct themse lve s in a m anne r th at w ill n ot a f fec t the ima ge and bus ines s of t he o t he r fra nch isees . Fran ch is ors have the right t o te rm inate the franchise agreement in case franchisees who, after r e p e a t e d w a r n in gs , f a i l t o c om p ly . On t h e o t h e r h a n d , i f the f r a nch i so r d oe s n o t ab i de w ith the t erm s spelt ou t in the franchise agreement , the fr anchisee can also seek r e dre s s . 14. Terms for Termination T he re a re 3 ways in wh ich the fr a nch ise a r r an gement c an be te rm inated. The first is when t he cont ract e xpires. The se cond is by the franchis or unde r a breach of a te rm(s) in the franchise agreement . This can happen be fore the e xpiry of the agreement . However, such forced te rm in at ion is n ot c omm on un le ss the re a re fr equen t b re ache s by the fr a nc h isee . The th ir d is whe n t he franchisee opts t o withdraw fro the franchise be fore e xp iry o f the fra nc h ise cont rac t.Page 10 of 17 ProvisionShop Franchise System, April 2001
  11. 11. Advantages of Joining A Franchise 1. Higher Chance of Success I n any bus iness ventu re , the re is a lw ays a r is k o f fa ilu re . “In any business venture, there is always a risk of failure. However, H oweve r , t he c on cept of f r a nc h is in g is ba se d on the concept of franchising is based following a proven way of operatin g the business on following a proven way ofoperating the business according to a cc or din g t o the forma t deve lope d ove r t he yea r s b y thethe format developed over the yearsby the franchisor. Hence the chance fra nch is or. He nce the c han ce of suc cess as a fran ch isee of success as a franchisee is many is many times higher than running y our own indepe nde nt times higher than running your own independent business.” bu s ines s. In a su rve y s c on du c t e d wor ld w i de , mor e t h an Advantage of Joining a Franchise 70 t o 90 pe rcent of franchisees who ope rated e x ist ing bu siness reporte d that joining a franchise had he lped them t o do bette r. 2. Shorter Business Learning Curve F r an ch is ors have spent many years an d su bst ant ial s um of money to bu ild up, deve lop and docume nt how the bu siness shou ld operate . A franchisee will ga in fr om this we alth of expert ise and know le dge from the franchis or, the re by requ i r in g a muc h sh o rte r t ime t o l e a rn h ow t o run t he bus ines s. 3. Renowned Trademark T he Tr a de o r Se rv ice Ma rk (s) o f the fr an ch is o r is usu a lly a re giste re d & familiar mark of qu ality . In a franchise , the franchisee be ne fits fr om the goodwill and the re cognit ion o f s u s t a i n e d q u a l ity f r o m t h is T r a de o r Se rv ice M ar k ( s ) b y cu st ome rs.All About ProvisionShop and its Unique Franchise System Page 11 of 17
  12. 12. 4. Economies of Scale in Bulk Purchasing A typical small business owne r will find it difficu lt to obtain good discounts on th e p u r ch ases o f p r o du c t s an d se rv ices bec ause o f t he ir s ize o f t h e or de r . H ow e v e r in a fr a nch ise , the re is a po o ling o f the pu rc has in g nee ds of all franchisees. Collect ively , t he refore, they have s t r on ge r p u r c h a s in g p o w e r w h i c h t ra n s la t e s int o l ow e r c o s t o f g oo d s a n d s e rv ice s . 5. Joint Advertising and Promotion S im ila r ly , fr a nch isees a r e ab le t o p ool r es ou rce s t o c ome u p w it h j o int a dv e rt is i n g a n d p r om ot i on p r o g r a m m e s w it h the franch isor at a low c ost . I n a dd i t ion , t h e f ra n c h ise c an p r ojec t a cons iste nt an d s t r on g ima ge , wh ich gives c o nsu m e rs c on f i de nce i n pu rch as in g f r om f ran ch i se e s . 6. Transfer of Management Expertise F r an ch is o rs u s u a l ly h av e a w e a lt h o f e x p e r ie n ce and e xpe rt ise in m an ag in g t he bus iness . I n a fr an ch ise , t he fr a nch is or h as veste d inte rest in t r ans fe r r in g th is kn ow - how t o franchisees t o he lp them succee d. The su cce ss and profitability of the franchis or is usu ally dire ctly linked t o that of the franchisee s. 7. Training F r an ch isee ca n usua lly rece ive t r a inin g an d gu idan ce from the franchisor to enable them t o perform bette r. 8. Support Services from Franchisor F r an ch isees can u sua lly depen d on the fra nch is or t o prov ide relevant support se rv ices at a lowe r cost. Some f r a n ch i s or a s s is t f r anc h ise e s t o r e c ru it s t a f f , d o t h e i r accou nt ing, re locate t o better p re m ise s , c on du ct l o c a l p r om ot ions et c .Page 12 of 17 ProvisionShop Franchise System, April 2001
  13. 13. The ProvisionShop Franchise ProvisionShop Franchisor “ProvisionShop Franchisor grants The Prov isionShop Franchise M ode l & C on c e p t a n d the each of its Franchisees, the licence Prov is ionShop Brand is fully owned by it s World& the rights to trade and operate the ProvisionShop Franchise Model & He a dqu arte rs , P r ov is ion Sh op Pte Lt d. T h is in c ludes a ll Concept, the ProvisionShop Brand Serv ice Ma rk(s) and Trade N ame(s) / Ma rk(s) owne d by and all other Service Mark(s) and Trade Name(s) / Mark(s) in P r ov is i on S h op a n d i t s s u b s id i a r ie s . F o r t h e p u rp ose o f accordance with the ProvisionShop Franchise Agreement.” c o rp o r ate c o m m u n ic at i on s , P r o v is i on Sh o p P t e Ltd i s a l s o k no wn as t he Pr ov is i on Sh o p F r an ch is o r a n d v i ce v e r sa . Kenneth Kam, P r ov is i on Sh op F r an ch i so r g r ants each of it s Franchisees, Founder, Chairman & CEO ProvisionShop Pte Ltd the lice nce & the r ig ht s to t r ade and ope ra te the P r ov is i on Sh op F ran ch ise M o de l & C on ce pt , t he P r ov is i on Sh op B ra nd a n d a l l o t her Ser v ice M a rk( s) and Trade N ame(s) / Mark(s) in a cc o r da n ce w it h the P r ov is i on Sh op F ran chise A greement . P r ov is i on Sh op F r an ch i se w he t he r Master, State, District or I n d iv i du a l c a n a l s o be a r ra n ge d w it h i n a n e xc lu s ive g e ogr a p h ic a l l o c a t io n o r re g io n a n d for a l o n ge r f i x e d t ime pe riod bas is . ProvisionShop Offering A l l P r ov is ion S h op F ra n c h ise e s w i l l b e is s u e d w it h ; 1. D o c um e n ta t io n A) The ‘Prov isionShop Franchise Ma nual’ (v .2001 June) . B) ‘ P r ov is i o n Sh op F ra n c h i s e e I m m e d ia t e St a r t e r K it ’ . C) ‘ P r ovis ion Sh op F ra n c h i s e e Supp ort & Re fe ren ce K it’ . D ) ‘Ce rt ificate of Au thent ic Franchise’ & t he ‘Prov isionShop Franchise Me dallion’ given by founde r Mr. Kenneth Kam. 2. S u pp o rt E) U pt o 3 sets o f ‘ Retu rn A i r T i cket t o S i n gap o re’ f o r a t t e n d in g t ra i n in g ses s io ns a t Pr o v is i on Shop Un ive rsit y . F ) ‘P r ov is i o nSh op Inte rna t iona l Hot l ine A cces s’ , a t o l l -All About ProvisionShop and its Unique Franchise System Page 13 of 17
  14. 14. free phone numbe r to call and seek adv ise & gu idance from. G) An e xc lu s ive ‘P r ov is io n Sh op Fra nc h ise I D Numbe r’ , u s e d in a l l c o r re s p on de n c e f or i de n t i f ic a t io n p u rpo s e s . H ) ‘ P r ov is i o n Sh op S ou v e n i r , Mem o ra b i l ia & S t a t ion e ry Set’. 3. H a rdw a re I) A 2 by 3 feet ‘ R o om S a fe’ f o r kee p in g a ll i mp o rta nt “ProvisionShop offers a comprehensive base of Services & d o cumen t s & ite ms secu re ly . Supports, including Hardware that J) A st an da rd Pent ium II I De sk -Top C ompu te r w ith 17”will make front line retailing easier.” S u p e r VGA S c re e n , 1 0 G B H a r d- d i s k St o ra g e , C D Rea d Kenneth Kam, & Wr ite set , in c luding one C olou r L ase r P r in ter , one Founder, Chairman & CEO S c a n n e r , o n e E xt e rna l M o dem , o n e S c re e n - T op ProvisionShop Pte Ltd C a m e r a ( fo r V i de o C on fe re nc i n g) , o ne set C ambr i d ge S ou n dWork s Spe ake rs an d its ac c omp any in g or igina l sy ste ms s of t w a re & C Ds . K) F u l l s e t o f ‘ P r ov is i o n S h op S o ftw a re’ , in 6 x C Ds . L ) Fu ll set POS Sys tem (P oin t O f Sa le s) , inc lu din g S c reen , K e y b o a rd a n d D ra w e rs . I n ve n t o r y C o n t r o l Order Entry Purchase Order Ac c o u n t s R e c e i va b l e Ac c o u n t s P a y a b l e General LedgerPage 14 of 17 ProvisionShop Franchise System, April 2001
  15. 15. Types of ProvisionShop Franchisee 1. ProvisionShop Master Franchisee “ProvisionShop Master Franchise is P r ov is i on S h op M a s t e r F ra n c h ise i s a w a rd e d t o des e rv in g awarded to deserving Country Level C ount ry L eve l R et a i l C on su lt ants , Ma na gement Retail Consultants, Management Companies, prominent Business C omp an ies , p r om ine nt Bu s ines s I n d iv id u a l s or R e t a il Individuals or Retail Related Re late d Comp an ies wh o has p r oven them se lves w orthy Companies who has proven themselves worthy of, gained the of, ga ined the respe ct a n d a ssume d the le a ders h ip r olerespect and assumed the leadership role of their respective retail or o f t he ir r es pect ive ret a i l o r l ogistics fie lds. This licence & logistics fields.” r i g hts t o t ra de an d o pe ra te is w it h in a C ount ry or R e g io n Leve l as de fine d by the Prov is ionShop Franchise Kenneth Kam, Founder, Chairman & CEO A greement t o be signe d between Prov is ionShop Master ProvisionShop Pte Ltd F r an ch isee & P r ov is ion Sh op F ra nc h is or. T he P r ov is ion Sh op Ma ste r F ra nc h ise holds the lice nce & the r ight s t o form S t a t e F ra n c h ise e s , Dis t r i c t F ranchisee s & issue Indiv idual F r an ch isees an d may derive m ont h ly, qu arte rly or annu al royalty / management fees fr om t hem subjected to t he te rms of conditions laid by t he P r ov is ion Sh op F ra nc h ise A greement . 2. ProvisionShop State Franchisee P r ov is ion Sh op Sta te F ra nc h ise is aw a rde d t o dese rv ing State or C ity Leve l Re tail C onsu lt ant s , Manageme nt C omp an ies , p r om ine nt Bu s ines s I n d iv id u a l s or R e t a il Re late d Comp an ies wh o has p r oven them se lves w orthy of, ga ined the respe ct a n d a ssume d the le a ders h ip r ole fr o m t he ir re spe ct ive re ta il o r lo g ist ic s fie lds . T h is lice nce & right s t o t r a de and ope r ate is w it h in a S t ate or C ity of a C ount ry as de fined by t he P r ov is ion Sh op Fr a nch ise A greement t o be signe d between Prov is ionShop State F r an ch isee & P r ov is ion Sh op F r an ch is or or its des ign ate d P r ov is i on Sh op M aste r F r anc h ise e . The Pr o v is i on Shop Sta t e F r an ch ise h o lds the lice nce & t he r ights t o form D ist r ic t Franchisees & issue Indiv idua l F r anc h isees an d mayAll About ProvisionShop and its Unique Franchise System Page 15 of 17
  16. 16. de rive m ont hly, quarte rly or annu al royalty / management fee s from them su bje cted t o the te rms of conditions laid by the Prov isionShop Franchise A greement . 3. ProvisionShop District Franchisee P r ov is i on S h op D i s t r ic t F r a n c h ise i s a w a rd e d t o des e rv in g District, Div ision al or Precinct Leve l Retail Consu ltants, Management C ompan ies , p rom ine nt Bus iness In div iduals or Retail Re la ted Companies who has proven themselves w o rthy of, g a ine d t he re spe ct a nd a ssume d the l e a de rs h ip r o l e w it h i n t h e ir res p e c t iv e ret a i l o r l og i s t i c s fie lds . Th is lic en ce & r ig h ts to tr a de an d o pe ra te is w ith in a D i s t r ict , D i v is i on a l o r P re c inc t o f a C o u n t ry as d e f in e d by t he P ro v is i on Sh op F r an ch ise A g re e m e nt t o be s i gne d bet we e n P r ov is ion Sh op D i st r ict F r an ch i se e & P r ov is i on Sh op Fr an ch i so r o r its des i gn ate d P rov i s ion Sh op Ma ste r or S t ate F ra nc h isee . T he P rov is ion Sh o p D ist r ict Franchise holds the licence & the rights to issue I ndiv idu a l F r an ch isees an d may de r ive m ont h ly, qu a rte r ly or annu al royalty / m anageme nt fee s from t hem su bje cte d to the t erm s of c o n d it ions laid by t he P r ov is i on Sh op F ran chise A greement .Page 16 of 17 ProvisionShop Franchise System, April 2001
  17. 17. All About ProvisionShop and its Unique Franchise System 4. ProvisionShop Individual Franchisee April 2001 Updated October 2003 P r ov is ion Sh op In div idua l F ra nc h ise is aw a rde d to dese rv in g Retaile r s, Sh op Owne rs an d p rom inen t Bus iness Author: Indiv idu als who has proven themselves worthy of, gained Kenneth Kam the re spec t an d as sumed the le a ders h ip r ole in t he Reference Source : respe ct ive community they serve in . T h is licen ce & r ight s Check it out ! Before Joining a Franchise, t o t r a de a n d ope ra t e is w it h i n an indiv idua l shop out le t A Guide for the Potential Franchisee PSB, 1996 and it s immedia te pr oxim ity as de fine d by the P r ov is i on Sh op F ran ch ise A g r e e m e nt to be s i gne d ProvisionShop World Headquarters 9, Temasek Boulevard #31-02 bet we e n P r ov i s ion Sh op I n d iv i dua l F r an ch ise e & Suntec Tower Two Singapore 038989 P r ov is i on Sh op Fr an ch i so r o r its des i gn ate d P rov i s ion Sh op M a s t e r, Sta t e o r D is t r i c t F r a n c h ise e . The P r ov is ion Sh op Worldwide Inquiries: Phone: +65.820.2022 I ndiv idu a l F ra nc h ise h o lds the lice nce & the r ig hts to Fax: +65.234.2022 be ne f it f ro m be i ng a P r ov is i on Sh op F ran ch ise e an d e nj oy info@ProvisionShop.com the a dvant a ge , sup po rt & se rv ice s fro m P r ov ision Sh op www.ProvisionShop.com F r an ch is or or it s des ign ate d P r ov is ion Sh op Ma ste r , Sta te Only ProvisionShop’s Complete Retail Strategy can enable you to build better or Dist rict Franchisee , subjected to the te rms of business value & be conditions laid by the Prov isionShop Franchise closer to your customers. A greement . ProvisionShop is a trademark of ProvisionShop Pte Ltd, the Holding Company. Various product and service names referenced herein may be trademarks of ProvisionShop Pte Ltd. All other product and service names mentioned may be trademarks of their respective owners. Copyright © 1999 - 2003 ProvisionShop Pte Ltd All rights reserved.All About ProvisionShop and its Unique Franchise System Page 17 of 17

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