Guitar Hall, which is specialized in guitar training, has opened its first training center and headquarter at Chembur in Mumbai. The company is planning to open its next center in Delhi and has already started seeking for franchisees. The owner of Guitar Hall, Mr Kiran Roy thinks that franchise route is the best way to expand the kind of business that he runs. The Company is in an expansion spree to open the franchisee-operated centers in all the major metros. A franchisee would require an average area between 450 and 1,500 sq ft to own a Guitar hall center; however, the investment would vary from Rs 5-6 lakh, Mr Roy reveals to our Reporter Subhro Prakash Ghosh. Guitar Hall is looking for qualified individuals and companies too to tie-up master franchise agreement and gain a national footprint and, as Mr Roy foresees, the business model of the Company would be able to come up with more than 25 centers all over the nation in the next 5 years.
