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Opportunity India Desk Sep 29 2017 - 2 min readThe transferring of a franchise to a third party by the franchisee needs to undergo a set procedure. The transfer cannot be undertaken without the franchisor’s consent. Here is what you need to keep in mind in case you are thinking on the lines of transferring your franchise in to someone else’s hands and are ...
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Opportunity India Desk Sep 29 2017 - 2 min readClashes and misunderstandings are a part and parcel of any relationship. Then, how do you think franchise relationships can remain untouched with these. Franchise disagreements crop up due to various reasons.Franchise agreements are intricate commercial deals that last for a fixed amount of duration. During this duration there are number of situations or circumstances that ...
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Opportunity India Desk Sep 29 2017 - 3 min readWhen you opt for a franchise route you need not go through the initial problems of setting up a business from scratch, because somebody else has already done the entire spade work. Somebody else has already proved that the business model works. Thus your business is based on an idea that has already been translated ...
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Opportunity India Desk Sep 29 2017 - 3 min readThe success of a franchised business is more definite than that of an start up business, which makes it more probable for a franchisee to get a loan. However, getting finance can be a cumbersome task when you do not know how to go about it. There are quite a few options that are ...
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Opportunity India Desk Sep 29 2017 - 3 min readA business plan is essential as it puts across your commitment and ability to carry out the business to the potential franchisor and the lenders. The potential franchisor will look out for the best franchisee which will be indicated by the business plan submitted by them. Making a business plan can be a cumbersome task ...
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Opportunity India Desk Sep 29 2017 - 3 min readFranchising is not a life time contract as a franchise agreement is signed for a fixed time period and with the completion of this duration the franchise agreement expires. In such a situation the franchisee needs to get his franchise agreement renewed in the event of expiry of the contract.However, this renewal process is quite ...