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- Sparket to expand its presence
Sparket, a corporate gifting brand plans to start its outlets in Chennai, Hyderabad, Pune, Ahemdabad and other state capitals. Sparket recently completed its 25 years of business. The brand took up franchising in 2008 and has franchise outlets in Delhi, Mumbai and Kochi so far.
Sparket aims to make its presence in 10 English speaking countries with over 500 franchisees in the next ten years.
The business model of the company starts with minimal expenses to ensure maximum earning potential. It also allows franchisees to start from their home. Franchisees can seriously consider moving out of home after some time as expenses can be increased and he gets more confident of regular earnings. For this a franchisee will need investment of Rs five lakh in case of metro cities and Rs two lakh for other cities approximately. Apart from this, franchise fee of Rs four to five lakh will be required for samples and other training material.