Want to buy franchise in India or close the deal with the franchisor? Let me guide you so that your knowledge helps you in reaching the agreement after good negotiations.
1> Franchise Fees: There are too many business opportunities in India but finding the one that matches your budget is actually a tricky work. Every company will require that you pay the initial franchise fees. These fees cover the cost of training, support as well as site selection. The benefits (or items) that are included in these fees are different from one company to the next. In certain instances, these fees are simply an upfront licensing fee which gives the owner the right to use the company’s name. This is why it’s a good idea to take the time to do research into what you will be getting in return when paying your franchise fees.
2> Legal and Accounting Fees: If you are interested to buy Franchise in India then you should consult with a professional franchise attorney. He or she will be able to help you review the Franchise Disclosure Document, better known as the FDD. They can also help you to better understand the franchise agreement. The amount you pay also comes down to how much time you spend with your attorney. Just remember to keep a thorough and clear record from the very beginning. You may even consider hiring a professional accountant to keep an account specifically for your meetings. Not only can the accountant ensure that you don’t go over budget with your legal fees, but they can also make sure that you have enough working capital.
3> Support from Franchisor: While making the deal, make sure you have discussed with the franchisor about the services you are going to receive. You must have access to proven methods.
And support from the company. Make sure that the methods and equipment are tried & tested and you get the best possible training before handling them. To be ahead in the market, choose a franchise among all other business opportunities in India that spends time in researching products, vetting equipment or suppliers, and examining the finished product.
In Presto, we have over 165 happy franchisees who are running successful businesses and growing with us. Presto provides the franchise opportunities in India with low investment. We have direct industry research and testing, making it more accessible than ever to bring personalized gifts to clients