Evaluating a Franchise Business Opportunity in India

Evaluating a Franchise Opportunity in India

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Buying and operating a salon franchise in India is different from starting your own business. It is important that one should evaluate the business properly before investing. When a person is considering a franchise opportunity, there are certain things to keep in mind about the entire franchise  affair. Some of the key points are:

  • Purchases the right to carry on the business of the franchise system and the use of the intellectual property for a limited period of time;
  • has an ongoing relationship with the franchisor;
  • has a relationship with the other franchisees in the system;
  • pays an upfront franchise fee and ongoing fees to the franchisor;
  • follows the franchisor’s operations manual; and
  • relies on the franchisor to monitor and evolve the franchise system.

Deciding to buy a franchise is a big decision and before making a commitment you should investigate:

  • Industry
  • Franchise System
  • Franchisor
  • Territory

So before deciding, evaluate all the options to insure a successful and long franchise partnership.

Abhishek Ghai writes franchise related blogs for Monsoon Salon & Spa. Read more about Monsoon Salon & Spa Franchise blog at: https://www.monsoonsalon.com/franchise/

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