Trends

Trends

Steer clear of franchise termination

Opportunity India Desk Sep 29, 2017 - 4 min read

Franchising is one of the best options to start a business, though there are many instances that lead to termination of the franchise. The provisions related to the termination of a franchise should be incorporated in the franchise agreement. A defect or misinterpretation of the franchise agreement usually creates a situation of termination. Let us ...

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Drawbacks of guaranteed financial success

Opportunity India Desk Sep 29, 2017 - 3 min read

No doubt, franchising has infinite benefits both for the franchisor and the franchisee. But, it has some drawbacks too. One of such drawbacks (as perceived by franchisees) is that the franchisor can not guarantee the success of the franchised outlets. He/she may assure the franchisee and provide cent percent support and guidance, but the franchisor ...

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Must haves for a franchise agreement

Opportunity India Desk Sep 29, 2017 - 4 min read

A franchise agreement is a legal document that comprises the rights and obligations of the franchisor and the franchisees. It is the only official agreement that binds both the parties together. If the franchisee has decided to take up franchising to expand his/her business, then it is advisable to get in touch with a legal ...

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Franchise contracts to avoid pitfalls

Opportunity India Desk Sep 29, 2017 - 3 min read

The process of franchising is governed by the complex relationship between a franchisor and a franchisee. If there is some problem and the relationship gets strained then both the parties have to endure failure, more so the franchisee bears the major loss. To help solve disputes between the franchisor and the franchisee there are few ...

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Multiplying profits with multi-units

Opportunity India Desk Sep 29, 2017 - 4 min read

Multi-unit franchising is a concept of having more than one franchise outlet of a brand. If an existing franchisee runs a single outlet successfully and is looking for expansion, then one opts for multi-unit franchise. The franchisee does so by taking the rights from the franchisor to open outlets in other geographic locations. Franchisors also ...

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A blueprint reveals it all

Opportunity India Desk Sep 29, 2017 - 3 min read

A business script that carries all the information about the franchise system is advisable to be given to aspiring franchisees prior to the signing of the franchise agreement. It provides the prospective franchisees a history of the franchising company and the franchise operations. It is of great use for the franchisees as it helps them ...

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Franchise royalties proving beneficial

Opportunity India Desk Sep 29, 2017 - 3 min read

No doubt, franchising is the best way to expand business. .Say for example, it not only makes the brand name famous but also provides continuous earnings to the franchisor. On the other hand, franchisee gets a proven and an established business model. Franchisees can take the franchise in lieu of the franchise fee and recurrent ...

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Franchising LOC Know your boundaries

Opportunity India Desk Sep 29, 2017 - 3 min read

Franchise territory is an area allotted to the franchisee to use the franchise rights. It is an exclusive territory, or a protected territory for which the franchisee is given rights preventing the franchisor from appointing any other franchisee for the territory or carrying on business himself/herself in the territory. The demarcation of franchise territory helps ...

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Opt Franchising For A Smooth Sailing

Opportunity India Desk Sep 29, 2017 - 4 min read

Even at the time of economic uncertainty, the franchise businesses have not just reported survival stories but real success stories; further reinforcing the belief in the industry that franchising business is one of the most successful and durable business models across the world. Whereas compared to recent failure of a few organised retail brands ...

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Funding formulas in franchising

Opportunity India Desk Sep 29, 2017 - 3 min read

Once you have prepared a blue print for the franchise that you aspire to take up, the next step is to make the arrangement of the financial resources. There are a lot of sources from where you can take monetary help. But when it comes to money everybody desires something in return. So when you ...

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