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Grabbing Business Franchise Opportunities In The Food Sector

Posted on July 12, 2019 by blogger

Food in India is a fascinating mix that has evolved with changing lifestyles; the taste is myriad and out-of-this world and the way it is cooked is just mesmerizing. Spices add to the tanginess, the flavor, and the uniqueness in every dish that are bound to let mouths water at the very thought or sight. There is a staggering variation of food in India from region to region and the taste, of course.

Sweet food in India is chiefly made from sugar. There are many homes in India that still follow the traditional methods of preparing sweet food at home on special occasions including during festive junctures like Diwali, etc. Urban families prefer buying sweets in bulk for use at home as well as for gifts to neighbors, friends, and relatives.

Be it breakfast or between meals or just like that, vegetarian snacks never fail to delight your taste buds. Vegetarian snacks of India are known for the crispness and appealing tastes. If you have a busy schedule, you dont need to worry because choicest vegetarian snacks are available at the nearest food outlet to fuel you up. Savory vegetarian snacks liked by most people include samosas, vegetable pakora, paneer pakora, aloo tikki, bread rolls, chole bhature, daal kachori, bada pav, etc.

There are counted few restaurants that are known all over the country as well as worldwide for the taste and variety of sweet food, vegetarian snacks, South Indian food, and other snacks items like namkeens. These restaurants like Bikanervala offers business franchise opportunities to interested people. Business franchise and franchising opportunities are increasing internationally. If you have a long cherished dream to turn out to be a business owner; buy a food business franchise and you will never regret it.

Routing Biz Success Via Franchising

Posted on July 9, 2019 by blogger

Accessibility of diverse business opportunities is creating a lot of confusion among aspiring entrepreneurs to zero down on a single business opportunity. To add to this confusion is the increasing trend among brands whether service or product to opt for franchise route for expansion. No doubt taking up a franchise business opportunity is always preferred over opting for an independent business, still it is difficult to zero down whether to get associated with service franchise brand or retail franchising one. Franchising provides all the know-how and expertise of running a business successfully, which an independent business can never provide. From selecting the right location to recruiting the staff and from designing the logo to creating a brand image, everything will be done by the business owner which in not a case with franchising. No doubt franchising is successful business formula yet selecting the right business opportunity needs lot of care.
Franchising is divided into two major categories: Business or service franchising and the second one is Retail franchising. The brands that are providing services to the consumers are called service franchises and the brands that are providing product or are selling products or merchandise from a retail outlet and is expanding via franchising is called retail franchising.
The major sectors or industries that may fall under service franchising include food and beverages, education, health and beauty, play schools and activity centres, pre-school education, IT education and training, business services, consumer services, car care services and school education.
Retail franchising mainly include industries like apparel, footwear, jewellery, pharmacies, FMCG, consumer durables, furniture, electronic goods, home appliances and so on.
Some factors need to be considered before taking up a final call on the franchise business opportunity by the aspiring entrepreneur. Right business selection would definitely decrease the risk of failure and would elevate the levels of success. The article presents some measures; if taken care of at the initial phase of selection of business opportunity, the percentage of success is higher at least, if not guaranteed.
Search and research: Talk to various business owners for experience and knowledge in the areas that interests you. Understand the need of the market and ask questions.

Analyse yourself: It is very important to find out if you are a business person or not. Write down on a paper describing why you want to take up the business opportunity at all. Know your marketing and sales qualities and understand your family obligations.

Check your finances: Take a note on the kind of investment you can make. After having analysed the budget search for the business opportunities that suits you.

Check business model: Search for various business models available in the market. Make your mind if you would like to opt for franchising or independent business.

Select right industry: Having short-listed the industry for which you want to take up a business talk to experts and gather as much information as possible. Evaluate the opportunity in terms of investment required in terms of money and market value of the brand.

Take financial assistance: Talk to your accountant about income and profit projections made by the franchisors and talk to a solicitor about the franchise agreement.

Zero down on a wise decision: Analyse everything before taking up a final call. As you will be putting in your hard earned money in the business so do not just rush into the decision. Be 200 per cent sure, before making an investment.

Conclusion:
The availability of diverse business opportunities in franchising as well retail franchising on one hand offers plenty of prospects where as on the other creates lot of confusion, leading to lot of confusion. A self analysis followed by adequate search and research is the best foot forward for right business opportunity.

Franchise Businesses And The Philippine Economy

Posted on July 3, 2019 by blogger

The success of franchising business in the Philippines didnt only contribute to the growth of the sector, but also the growth of the Philippine economy due to its demand among the wealthy as well as the average Filipino.

Franchise Businesses Today
Unlike in the past in which most franchise business in the Philippines were large businesses such as convenient stores and fast-food restaurants, most franchise businesses in todays market are small businesses such as food-carts and food-stall businesses.

Other than its relatively smaller size compared to convenient stores and restaurants, food-cart and food-stall businesses can also offer a relatively lesser expensive franchising cost, in which according to many business experts in the Philippines today, can go as low as 20,000 Philippine Pesos a franchise.

Because of its affordability, food-cart and food-stall businesses quickly became popular and in-demand in the Philippine market, in which many business experts have said, had largely contributed to the growth and success of the franchise industry in the Philippines.

Contribution to the Economic Growth of the Philippines
The growth of the franchise industry had also contributed to the growth of the Philippine economy, according to the PFA or the Philippine Franchise Association which is the pioneer and biggest franchise association in the Philippines. It is the voluntary self-regulating governing body for franchising in the country with 180 franchisors and allied members nationwide.

According to the PFA, due to the popularity of food-cart and food-stall businesses, the number of Franchising business Philippines in the country had significantly grown from 50 in the 1990s to over a thousand today.

This growth had also reflected on the growth of the Philippine economy. According to them, the massive growth of the franchise industry had created thousands of enterprises and generation of hundreds of thousands of jobs, making franchising an important tool in the countrys economic growth.

Other contribution include the entry into the international market of Filipino brands and concepts, development of the Fair Franchising Standards, which ensures just and mutually beneficial business dealings between franchisor and franchisee, and the growth of the Philippines as the franchise hub of Asia when it comes to the development of franchise concepts.

Franchise businesses, according to many business experts, had also become a popular solution to poverty, in which many Filipinos had invested in acquiring a franchise of a small food-cart business so as to secure their future and the future of their family.

The government had also used franchise businesses as their solution for OFWs or Overseas Filipino Workers who chose to stay in the Philippines with their family rather than to work abroad.

What Is Franchising

Posted on June 29, 2019 by blogger

You are an unhappy office staff, toiling more than ten hours a day, and noticing playing by the rules does not give you what you really wanted and it only made you old and busy.

Going entrepreneur came into your mind. But, with all those news about traditional businesses closing left and right, the terror stop you from taking action.

However, you find in the newspapers, in the TV and in the internet, firms offering franchising. Maybe this is the type of business for you. And you are intrigued. You ask yourself, what is franchising, anyway?

This blog post will tackle the definition of franchising.

Franchising is a practice where an already established allows another entity to use the company’s already successful business solution. The franchisor (the company that provides the business solution) and the franchisee (the entity that uses the business model) enter into a contract to use and capitalize on the companys successful business model and/or its existing brand awareness (most often called Goodwill) for a faster return of investment.

In return, franchisees expend two payments in general. First is a one time investment, called the franchise fee, and the second is royalty fee, which is a recurring expense, for the continuous usage of the business model, advertising and training costs. Royalty is usually 3-10% of gross profit.

Franchising is a interconnected network of mutual business relationships that permits a number of people to share:

– A brand recognition

– A successful method of doing business

– A proven marketing and distribution system

Thats pretty what much franchising is.

One common misconception about franchising is the phrase, “I am buying a franchise”. You are not buying; you are investing onto the business. What you will own are the physical assets that are needed to act upon the franchise, like the building and equipment.

For a business to work as a franchisor, it must have a good track record of being profitable and the business model it employs is easily duplicable. Otherwise, that business is not suitable for franchising.

What’s so great about franchising?

For the franchisor, the company can grow and gain more chains while lessening the traditional risk and liability of doing so. It is also a great way to gain more brand recognition and reputation.

For the franchisee, they are capitalizing in an already proven business model and recognized brand. In fact, a franchising business is 90% proven to be successful. With a success rate like that, who can go wrong?

How To Choose Between A Franchise Or Independent Gas Station – Key Questions To Ask

Posted on June 25, 2019 by blogger

If you’re actively pursuing buying a gas station, excellent idea! But should you invest in a franchise or an independent station? To be as sure as possible that you’re making the right choice, take a bit of time studying detailed answers to questions similar to these:

Question #1: Who is responsible for environmental issues?

Environmental compliance issues are the biggest difficulty in buying a station. If you run afoul of environmental laws, and have to pay for costly clean-ups or new equipment, it could be the end of your enterprise. I’m not exaggerating! Here are a few instances that you may not have considered . . .

* Underground leaks. If one of your tanks leaks, who pays for the clean-up – you, or the gas company who sold you the franchise?

* New equipment. If every station in your state is suddenly required by law to install a new kind of vent for underground tanks, you will have to pay for that equipment if you’re an independent.

* Site remediation. If you sell your station, who pays for removing the underground tanks, cleaning up the soil and getting the certification that states your property’s remediation (clean up) has been approved by the state?

Question #2: If you buy a franchise, can you stop worrying about environmental problems?

In general, the answer to this question is yes. Your parent company (Exxon, Mobil, etc.) will install any new equipment that the state requires, and will step in to do the clean-up if one of your tanks suddenly develops a leak underground.

However, you should never make any assumptions in this area. You and your attorney have to comb through your franchising agreement to understand exactly what’s covered, and what’s not!

Question #3: If I’m buying an independent, what do I really own?

If you buy a small independent station with no ties to a major brand of gasoline, the answer to that question is relatively straightforward. You’re probably buying the business as an entity, as well as the real estate where the business is located, along with the tanks, pumps and other equipment that you’ll need to sell gasoline. However, the picture can become complicated somewhat if you are buying the business, but not the real estate (land, buildings). You and your attorney need to pin everything down.

Question #4: If I am buying a franchise station, what do I really own?

The answers to this question can be more complicated than you’d expect. After you purchase, for instance, you may end up owning the building – but not the land and equipment, which are owned by the parent company. Or you could lease the building and the land, but have the canopies, pumps and other equipment owned by the parent company.

Remember, different franchising organizations set up their ownership packages in entirely different ways. To find out if the deal is right for you, you’ll need to go over all franchise plans and documents closely with your attorney.

Question #5: If it’s a franchise, who pays for what?

If you buy a franchise, you’ll probably be surprised to find out about all the things that your parent company expects you to pay for. Some or all of these items might not be covered, so be sure to ask ahead of time:

1. Insurance and Repairs – You may have to pay to insure and maintain the parent company’s pumps, signs and canopies.

2. Rent Increases – If the parent company leases you the grounds and buildings, be prepared to get hit with significant rent increases every two to three years. Make sure you get these terms clearly spelled out in the franchise agreement.

3. Promotional Items – When the parent company decides to sell a new kind of coffee in your convenience store, or to offer special gas discounts on Tuesdays, and decides to advertise those offerings with special signs – will you be responsible for paying for them?

4. Payroll and Benefits – Don’t expect the parent company to pay salaries or provide benefits for your employees. It’s the one area where you’ll find that you’re suddenly operating like an independent business.