EMPLOYEES JOB SATISFACTION ( With special reference to selected Sundaram Ind...
Franchise concept, How to sale a franchise
1.
2. Franchising
Overview
Franchising involves the process of granting the right, by one
party (franchiser)to the other/2nd party called (franchisee) to
use the name, trade mark and logo with a specific and
planned system of a company to carry on their business in
suggested territory. Franchising is also a kind of marketing to
spread out the business.
3. Consultancy
Consultancy plays an important role in our whole life. It makes our
life easy in any kind of problem, by finding our consultant.
. A franchise consultant can help you narrow your choices to various
kinds of business that will fit your needs as a business owner and will
provide training and support to help you achieve success.
A franchise consultant is someone who acts like a guidance counselor
for a potential franchisee by helping to guide them through the process
of finding and purchasing a franchise and understanding the franchise
industry.
The franchise consultant is a platform where franchiser and franchisee
make a deal through consultant for buying and selling of the
franchises.
4. Here we will discuss about the franchisee and
consultant meeting.
6. Consultant & Client(franchisee)
Do you want to invest your money
at save place?
Will you like to be a part of secure
business?
Would you like to own a
structured
& well organized Business?
Yes…!
You need a Franchise…..!
8. Why franchise?
Buying an existing franchise in a well-designed system can
eliminate much of the hard work: choosing a territory, finding a
location, negotiating a lease, finding reliable contractors to
complete a build-out on time and on budget, establishing vendor
relationships, etc. You may also be able to start business with
trained staff already in place.
Franchising is the Turn Key Business.
10. Why franchise?
• “Business in the box” typically this term use in franchising. It means just to
open the door and the customer will come it run on his own.Business in the Box
• In franchising you go to a business for yourself but not yours.
Run your own
Business
• You are going to acquire the established and organized business, so risk level
is minimized. The people had already tried and tested this Product so this
will not a new in the market which the people have to test, like or dislike.
This thing make you confident and your risk move down in graph.
Minimize the Risk
level
• You may invest in National & International brands . The established brands
have value in the eyes of customer and attraction of customer make you more
confident in order to achieve your goal.
Strong brand
• Marketing is the basic element in every kind of business to start it up. so in
franchising you provide proven tools and strategies to attract and retain the
customers.
Marketing
11. Why franchise?
• Franchising system makes you the partner of worldwide brands,
although you doing your own, but the “name” provides you some thing
more then your personal business. You are in pool of successful
people.
Opportunity to become
partner of Successful
business
• When you start your own business, Capital is the major thing to
startup . Financing institutions feel hesitation to finance you because
they are not much confident about outcomes of your business or may
not interested in your idea.
• But when you are acquiring the franchise, the financial institutions
show their willing to lend you because they know about the franchise
and they have the idea about the outcomes of business.
Easy financing
• When you start your business then you have to bear many hassles,
much advertising, marketing and much more to develop a taste of
your product or to familiar your product in people. but now here you
can enjoy a tried and tested business people already known and have
tried the business product.
Tried & Tested
12. Why franchise?
• Don’t feel alone here in this place you have a strategic and organized
pool of people which are ready every time to solve all kind of issues.
They are for you to make you more successful in your business and you
can avail their service to make your business strong.
Don’t feel Alone
• This is the main tool to make your business successful, to make
your product familiar and to get the customer ‘s attraction, so in
franchising this element is successfully covered by company.
Advertisement
• This guide is provided to you to understand the business and
solve the problems if you are facing in start or during ongoing of
business.
Operational
Manual
• Bottom line is the company net profit after all deductions. In this
case you can easily make reasonable calculated profit. In Bottom
line, chance of loss is very low because this is not at the stage of
introducion of the product.
Bottom line
13. Consultant & Client(Franchisee)
• It designs some Training programs to make you speed up to
run the business.
• It also conducts some development programs that make
you upgrade in business with the changing of market
situations .
Training &
Development
• Although the companies suggest an operational manual for
your help in any kind of problem. But you don’t worry in any
case if you cannot solve through this book, you can avail
their support and services.
Ongoing
support
• The Area has to0 much importance for making business
successful ,because we deeply know about the culture,
trend and taste of our customers before launching the
product. whether it is according to customer needs & wants
or not. You can avail the Help in finding the right site and
negotiating best possible deal at your site. It may down your
cost and have your site in best place.
Real estate
Assistant
14. Consultant & Client(Franchisee)
• This is a big advantage for you that you are helping in construct
of infrastructure with attractive decor and design which is
suggested by the franchiser. Its also reduce your cost as well.
Construction
Assistant
• Help provided to you in purchasing of interior ,equipment
,furniture and uniform for staff also supplies inventory and all the
things you need to start your business.
Purchasing
power
• In start up of the business, the employee is the main part of
business. So the trained employee is useful for business and
training is provided to operate the business.
Employee
counseling
19. Process Bullets
FDD (Franchise Disclosure Form)
This is a legal document which is issued to the
franchisee. It contains all the information about the
franchise and franchisor like litigation history (about
fraud or previous experience with franchisees).
Banking experience(you may check the banking history of
the franchiser was bankruptcy) discloses that since how
long the franchiser is in this business.
20. Process
Franchisee's
Estimated Initial
Investment.
• What will be the total initial estimated investment.
Initial
Franchise Fee.
• What will it cost in starting and operating a franchise, including deposits or
franchise fees that may be non-refundable, and costs for initial inventory,
signs, equipment, leases, or rentals. It also explains ongoing costs, like
royalties and advertising fees.
Other Fees and
Expenses.
• Training & development expenses or other on going expenses.
23. Process
Financial Statements
Renewal, Termination, Repurchase, Modification and/or Transfer of the Franchise Agreement, and Dispute
Resolution.
Financial Performance Representations
Obligation of the Franchisee to Participate in the Actual Operation of the Franchise Business
24. Process
Restriction Or Limitations:
Some limitations which are suggested by the franchiser also make your franchise
successful.
you are legally bound to pay the royalties or monthly fee which are
decided in the contract.
You cannot use any other product for sale except of company.
You cannot enhance your suggested territory.
You must have to use approved brands in inventory or raw material.
Colure & will not be changed on your will.
Decoring and decoration also depends on company you just have to
follow.
Follow the operation manual.
Advertise according to their standards.