Franchising as a Career Option for Students

Are you a student, considering entrepreneurship? Have you not determined which business would really excite you? Are you the one that fears failing and do not have a strong conviction. Are you looking for an additional income source? Finding it difficult to locate a suitable job? Would you be considering bank funds to start your business? If you answered a YES to any of the questions. Then, franchising is a option you should consider. 

Franchising is a great option for entrepreneurship. Students should actively consider franchise opportunities to begin with. Some of the advantages in comparison to starting by themselves, is that they get an established brand, proven system, training, advertising assistance and a dedicated team that is committed to help make this work for you. I have heard it many times that 

Entrepreneurship (other than franchising) is for adventure seekers. It reminds me of the Mumbai - Pune visit, when needs to drive down from Mumbai to Pune, he has the option to take either the expressway or the Old Mumbai Agra Road. When one decides to take the expressway, he will come across marked roads, adequate road signs, designated food zones, re-fuelling stations and phone connectivity in case of any problems and for all of this he would have to pay a fee to get access to. Vis a vis, taking the old Mumbai Agra road, he may not reach on time, may encounter robberiers, may be delayed due to absence of all weather roads. The Mumbai Agra road, definitely sounds more like an adventure. (Ofcourse, on the flip side, franchising is definitely at a startup level, a more expensive proposition.

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India Franchisee-Entrepreneur Workshop held on 12^th March 2010 
 

The wheels of justice turn very slowly in India, causing hardships to franchisees who can ill afford the cost of litigating in India’s Courts and sustain money, time and opportunity loss due to delaying tactics employed against them. Indian entrepreneurs are rather confused about franchise opportunities that exist. While some think a franchise opportunity is a business opportunity, others take it more like an investment or an opportunity to rent/lease out their real estate. Hence, it is essential to dispel such myths. 

Hemal Manek, Head – Network Development, Cartridge World South Asia, highlighted on the critical challenges in franchising in India and hence the need of such workshops for organized growth of franchising industry.

 

The India Franchisee Workshop aimed to explore and address Franchisee-StartUp Queries pertaining to Franchise Opportunities. Speaking at this event, Dhawal Shah, Founder, Maverick Franchise Ventures (MFV India) said that, 'Franchising in India is much lesser successful than the much touted 85 to 90% by the media, and one of the reasons is not having a holistic understanding of franchising, MFV India and Cartridge World is proud to organise such events and shall continue organising such events across India. After receiving a positive response in Mumbai, our next workshop is in Bengaluru and Hyderabad.' He made a brief presentation for the much successful and globally acclaimed, India Franchise Rankings. 

According to Naveen Rakhecha, CEO, Cartridge World South Asia ' Franchising is not a business in itself, it is a way of doing business. He highlighted that franchising requires specific expertise and how franchise evaluation process helps both the franchisor & the franchisee ’. Highlighting the Industry facts, he indicated that in India, the printer cartridges market which is pegged at over Rs 3000 crores and is growing at over 30% Year on Year. Cartridge World is well positioned as ‘OEM quality at an affordable price’ service provider to make the most of the opportunity.

 

Cartridge World which is only 3 years old in India is ranked 1st in its category and 29th best franchise opportunity in India (Rating by Way2Franchise.com) & Ranked 27 of the Top 100 Global Franchises (Rating by Franchise Direct) The Brand has already won 7 prestigious awards in its 3 year of operations in India.

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The Business of Schools in India

Since, franchising is so very prevalent in education and training business, with english learning institutes, schools, preschools, colleges, vocational education, preparatory entrance examination coaching, after school programs, grooming institutes and so on. I visited India International Premier Schools exhibition at Nehru Centre last week. It seemed like the first, in its respective category. 

The schools business in India is fragmented, you have a few good schools in every town that are govt. aided / subsidised, it is quite competitive to get admissions, However since 2008,  the Central Board of Secondary Education (CBSE) has allowed allowed companies registered under the Companies Act to start private unaided schools In the primary and secondary education space, as a non-profit entity under Sec. 25. Since 2008, a lot of new fancy schools have come up, offering different curriculums, beyond the SSC (Maharashtra Pune board), CBSE, ICSE to IB and IGCSE. There are more than 200 Plus New Private International schools in India

At the India International Premier Schools The entry was restricted for parents only, there were about 20 to 30 companies participating, very few people visited the exhibition, although the exhibition was in its 6th edition. Not many new about the exhibition. Interestingly, none of the large corporate brands that are looking at aggressive expansion by franchising, were participating at the show, that includes Delhi Public School, Educomp, Eurokids and others. For specific business opportunities in education, it is better to attend smaller workshops, then to attend these large format exhibitions like the one in Mumbai

Today's children are tomorrow's future. That's why parents are investing in their children with educational activities along with supplement in-school learning. This exhibition also raised some pertinent issues as they arise in this time and era. Its the debate between residential school and 

Since, a lot of people are still to be aware of residential schools, here is some brief information. A residential school is one where students stay in the hostels and pursue their studies. They live in with fellow students. Some schools offer residence as an option for outstation students while in some others, availing the residence facilities of the school is compulsory. Residential schools essentially provide food and lodging for a specific fee. Varied number of students share rooms or dormitories and remain under the guidance of house master or house mistress or matron. 

In traditional convention schools, kids stay with their parents. Parents regularly take the time to teach and groom them about kids, life and religion. In a residential or a boarding school, parents cannot teach the kids about religion, since otherwise they would loose the secularity badge and students. Students also speak to teachers and counsellors, instead of parents, when they are confused or in dilemma. They will always stay away from their mother's home cooked food and parental love.

However, despite that, these residential schools have anything between 50 to 500 students as there are several parents with a nuclear family, working parents, busy schedules and no time, in some cases, single parents, divorced families. Hence, it does make sense for them to enrol their kids in residential schools and therefore these residential schools are doing good business, as for the schools business opportunity, they charge anything between, Rs. 30,000 to Rs. 13 Lakhs per student. 

India is one of the largest markets for the education business, thanks to the recent liberalisation, there will be more schools and to leverage that business opportunity, as an entrepreneur you can consider taking up a franchise.

Wyndham Hotel Group signs four franchise agreements in India

19th February, 2010: Wyndham Hotel Group has signed four franchise agreements in India, bringing the total number of hotels that the company has opened or under development in India to 14. The Group currently has 7,100 hotels under 11 brands across the world.

The properties currently being built and scheduled to open later this year, include the 140-room Ramada Amritsar hotel, owned by Starex Developers Pvt Ltd; the 130-room Ramada Gurgaon Expressway New Delhi hotel, owned by Sartaj Hotels Pvt Ltd; the 392-room Ramada Plaza Dwarka New Delhi hotel, owned by Tirupati Buildings & Offices Pvt Ltd and the 100-room Ramada Gurgaon Central hotel, owned by Greenland Hospitality Private Ltd.

Tom Monahan, Executive Vice President of international development, Wyndham Hotel Group said, “India is seeing the most hotel development activity in the Asia Pacific region, behind China. These new hotels will strengthen the brand’s presence in New Delhi and National Capital Region (NCR) region as well as mark our presence in Amritsar.”

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Chiquita Fruit Juice Bars to debut in Dubai

Chiquita Brands International Inc. said Monday it has signed an international master franchise agreement to open Chiquita Fruit Juice Bars in the Middle East, beginning in Dubai. The agreement was signed with Fresh Fruits Co., a distributor of Chiquita products in the Middle East. They will be located at metro transit stations being constructed around the city, starting with three locations and expanding to 11.

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Footwear Major Woodland to franchise internationally

Feb 16, 2010: Footwear and apparel player Woodland will open exclusive stores in select foreign markets later this year, marking its foray into single-brand retailing overseas. The company, according to its top official, would be using the franchise route for its international expansion. The home-grown brand is in advanced stages of negotiations in some markets like the Middle East, South-East Asia and Sri Lanka for selecting local franchise partners and said it will have three to four exclusive outlets abroad by the year-end. At present, Woodland is present in over 600 multibranded outlets in the Middle East, Singapore and Thailand. 

"We are on the verge of concluding negotiations and opening our first exclusive outlets in overseas markets. By end of 2010, we will have at least a total of 3-4 outlets overseas," said Harkirat Singh, MD, Woodland. "Different countries follow different rules for investments in retail business. In such a situation, franchise partnership is a good option. Besides, that way the local partner makes the investment," Singh added. 

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Lite Bite intends to become Rs 500 crore brand by 2015

Feb 15, 2010: Lite Bite Foods, promoted by Amit Burman, vice chairman of FMCG major Dabur India, in his individual capacity, is aiming to become a Rs 500-crore food company by 2015. The company operates a bunch of eatery brands including Subway, Fresco, Asia 7, Punjab Grill, Baker Street and Pino's Pasta Pizza.

"The company is in the process of investing Rs 120 crore in next five years and is planning to open 250 eateries that would include its quick service restaurant (QSR) brands and casual dining restaurants over the next five years," Burman said while announcing the launch of Gautemala-based QSR brand, Pollo Campero, known for its fried chicken menu. 

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Franchising and the Wellness Industry Opportunity

Franchising and the Wellness Industry Opportunity

India is likely to have more than 2,000 spas by the end of 2010, up from just 200. The wellness industry is alive and kicking in India and nothing demonstrates this better than the hyper-activity in the spa business.

Consider this: Hyderabad-based O2 Spas, which has set up shop at the Delhi and Mumbai airports, is now delivering spa therapies to offices. Weight loss and beauty specialists Vandana Luthra Curls and Curves (VLCC) is developing a residential medical spa in Gurgaon at an investment of Rs 100 crore. Delhi-based Spas India Private Limited, a subsidiary of Canadian Spas Worldwide, wants to expand from its single spa in Delhi to 10 more cities, Bangalore and Mumbai among them. First off the expansion block is Guwahati, on which Spas India is spending nearly Rs 10 crore.

Find a suitable Health and wellness Franchise & Spa Business Opportunities and be a part of this profitable franchise industry. If you're interested in relaxation/pampering innovative ideas, and what better way to do this than with one of these spa franchises? Avail of additional health and wellness Franchise Opportunities at FranchiseExpo.in

Meanwhile, Vallée de Vin Private Limited, is planning a unique “wine spa” by next year. And, Bharat Hotels’ Lalit Resort and Spas in Kerala, will invest Rs 70 crore in a 40-cottage spa. Recently opened in Pune, Mumbai’s Rudra Spa, whose cash registers ring up Rs 15 lakh to Rs 20 lakh every month, has plans to expand to Mumbai’s suburbs through a franchise model.

What’s prompting all this healthy activity is sheer demand. Although there are no industry figures, it is clear that expanding incomes are encouraging affluent Indians to explore more expensive health solutions. A study by the Federation of Indian Chambers of Commerce and Industry (Ficci) suggests that the wellness industry is growing at close to 20 per cent annually and currently stands at Rs 1,500 crore. According to O2’s founder and CEO, Ritesh Mastipur, India has 200 registered good-quality spas. “By the end of this year there will be 2,200 spas in India,” predicts Rajesh Sharma, president, Spas India.

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Interview with Mr. Nabi Saleh, the Executive Chairman for Gloria Jean's Coffees

Specialty coffee chain Gloria Jean’s Coffees, which silently entered India two years ago via a master franchise agreement with Citymax Hospitality, a company controlled by the Dubai-based retail group Landmark, is looking to ramp up operations now. From the current nine outlets, the intention is to scale up to 25 and then 100 by the end of 2013. This will see the privately-held coffee chain, which has 917 outlets globally, go to 16 cities from the current four. Nabi Saleh, the New-South-Wales, Australia-based executive chairman of Gloria Jean’s Coffees, talks about the company’s plans in India. Excerpts:

What took you so long to ramp up operations here despite a presence since the last quarter of 2007?We are not into growth for growth’s sake. We believe in the franchising concept like most other fast-food and coffee chains, but we choose to scrutinise our partners carefully. We are fine if they take their time when setting up operations in a country. We have master franchise agreements in 35 countries. We understand how it works. There is no point in rushing in to set up stores only to shut half of them down later. This is, at the end of the day, a retail business. You have to guarantee foot falls. How do you do that? With a first-class service offering that targets the right consumer.

How different is Gloria Jeans from other coffee chains?The big differentiator is that we do not outsource our back-end operations to third-party vendors like other coffee chains do. Operations such as sourcing, roasting and blending are all done in-house. We have a team in place that directly sources single-origin coffee beans from growers across the world. At the moment, our team is sourcing from over 26-27 coffee-growing nations across the world.

To us, coffee is our hero. So everything emanates from there. We have something called a coffee university, where we train our staff rigorously. Even our master franchisers are invited to participate in our programmes at our university. There is a certain degree of localisation we permit to suit the palate of people in the region. But there is a broad template we follow over and above that. That is our signature style.

Who is your target audience in India? It is the up and coming middle class. We could have people from above or below this catchment walking into our outlets, too. That is not an issue. But we have positioned ourselves in a manner we feel would appeal to upper middle class Indians.

But how competitive are you on pricing in India?
We are quite competitive. A Gloria Jeans cappuccino, for instance, costs anywhere between Rs 49 to Rs 55 for a 230-millilitre cup. Competition provides lesser volume, 180-millilitres, I understand, for the same price. A consumer would land up spending anywhere between Rs 49 to Rs 110 depending on what he or she purchases at our outlets. It’s not a such a bad deal, if you ask me.

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CK Birla group to enter pathology lab business will expand by franchising

The GP-CK Birla group's BM Birla Heart Research Centre is venturing into the pathological laboratory businesswith a national chain of franchised centres. The chain, tentatively named Birla Diagnostic, will be launched soon. Chief operating officer of the hospital, Suyash Borar said: "We will be rolling out 20 pathological laboratories in Eastern India in the next 12 months. These will be on the lines of the best pathological labs in the country."

Most of the laboratories would be franchised. "We will own two of these while rest will be franchised," Borar said. The centre was the first hospital in India to get accredited by the National Accreditation Board for Hospitals & Healthcare Providers. It has also secured the accreditation of the College of American Pathologists (CAP) for its pathological laboratory. "The lab can now get samples even from outside the country," said a CK Birla group's spokesperson.

The CAP serves nearly 16,000 physician members and the laboratory community throughout the world. More than 6,000 laboratories are accredited to the CAP, and approximately 23,000 laboratories are enrolled in its proficiency testing programmes. According to estimates, there are more than 40,000 independent pathological laboratories with the Rs 3,000 crore medical diagnostics market in India. Each day, 22 million pathological tests are carried out across the country, of which only 1 million are done at accredited laboratories.

CK Birla group to enter pathology lab business will expand by franchising

The GP-CK Birla group's BM Birla Heart Research Centre is venturing into the pathological laboratory businesswith a national chain of franchised centres. The chain, tentatively named Birla Diagnostic, will be launched soon. Chief operating officer of the hospital, Suyash Borar said: "We will be rolling out 20 pathological laboratories in Eastern India in the next 12 months. These will be on the lines of the best pathological labs in the country."

Most of the laboratories would be franchised. "We will own two of these while rest will be franchised," Borar said. The centre was the first hospital in India to get accredited by the National Accreditation Board for Hospitals & Healthcare Providers. It has also secured the accreditation of the College of American Pathologists (CAP) for its pathological laboratory. "The lab can now get samples even from outside the country," said a CK Birla group's spokesperson.

The CAP serves nearly 16,000 physician members and the laboratory community throughout the world. More than 6,000 laboratories are accredited to the CAP, and approximately 23,000 laboratories are enrolled in its proficiency testing programmes. According to estimates, there are more than 40,000 independent pathological laboratories with the Rs 3,000 crore medical diagnostics market in India. Each day, 22 million pathological tests are carried out across the country, of which only 1 million are done at accredited laboratories.

Sagar Ratna to expand overseas via franchising

New Delhi-based Sagar Ratna Hospitalities, owners of Swagath and Sagar Ratna chain of restaurants, will venture into overseas markets in the coming years. The company has already identified franchisees in places like Bangkok, in the UAE and Canada. It is planning to set up around 250 outlets in overseas markets in the next five years, Hospitality Biz India has reported, citing its top official.

“Our Bangkok outlet will be operational in the next 15 days. Two outlets -- one each of Swagath and Sagar Ratna -- will become operational in Ontario, and Toronto in Canada in April,” said Jayaram Banan, chairman and managing director, Sagar Ratna Hospitalities. Sagar Ratna already has an outlet in Singapore.

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Tata Indicom and Future Group  sign Franchise Agreement

A franchisee agreement has been signed between Tata Teleservices and Kishore Biyani owned Future Group to launch Talk 24 (or T-24), under the tagline ‘Shop More, Talk More’. A similar franchise agreement has already been signed between Tata Indicom and Virgin mobiles. Though the details regarding the agreement are unavailable, it seems to be based on the concept of exchanging shopping benefits and talk time. According to Tata Teleservices spokesperson, the two firms will jointly work on integrating the billing systems but nothing has begun as the company has only signed the agreement.

The companies will begin to roll out the GSM SIM cards of T-24 shortly. Tata Indicom GSM connections will be sold by the Future group at all its retail outlets – Pantaloons, Big Bazaar, eZone, FutureBazaar.com, Central malls, Food Bazaar, Fashion Station, Depot (books and music) and Shoe Factory.

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Singapore Food Franchise Snackz It Expands to three Locations

Snackz It! tasty bites are created in a way for customers to eat while on the move. Hassle free is the key component common to every item on the menu. Snackz It, one of the Singapore food franchises, serves a combination of deep fried and noodle based items. Every item from Crispy Chicken, Crispy Pork to their noodles with oysters and chicken shreds is well accompanied by their signature seasoning powders including their spice peppers, chilli powder, plum powder and the wasabi powder. Creative quality food and our service culture is something we feel is very important and which defines our unique strengths. Customers can rely on our consistency and tastiness in every outlet! says Alex of Snackz It!.

Having been serving these tasty snacks in Singapore for over 3 years, Snackz It! Singapore food franchise now has 3 outlets and is preparing to roll out its franchise program to perpetuate its growth in Singapore and the region. The Singapore food franchise made its debut at the Franchising & Licensing Asia 2008, Suntec City, 16th 18th of October. Astreem Corporation is the franchise consultants for Snackz It! who are the franchise opportunities partner for businesses that are looking for franchise business opportunities.

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Monginis plans 50 outlets pan-India by 2010-end; seeks franchisees

4th February, 2010: After a recent store launch in Indore, Mumbai-based leading bakery chain, Monginis is now planning to open 50 more outlets across the country by the end of 2010. The company also plans to double its retail distribution from the current retail network of 15,000 stores across the country. The company is scouting four suitable franchise partners in cities like Kanpur, Lucknow, Raipur, Chennai and Bangalore. For opening new stores, on an average, Monginis is looking at the locations with the minimum carpet area of 200 sq ft, ImagesFood has reported.

“After Indore, the cities where we are planning to roll out our exclusive cake shops are Kanpur, Lucknow, Raipur, Chennai and Bangalore. We are currently looking out for suitable franchising partners for these locations and it will take some time for us to decide on Monginis’ manufacturing franchisee,” quoted Zoher Khorakiwala, CMD of Monginis Pvt Ltd in the report.

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Vaidyaratnam eyes to have more franchisees

3rd February 2010: Vaidyaratnam, an ayurvedic player, has announced plans to roll out 1,000 more franchisees in major destinations in India and abroad in the next three years. Meanwhile, the company has set a turnover target of Rs 200 crore by 2015. For this, the company would invest 25 crore in a phased manner over the next four year. The target is achievable considering the pace at which the market for ayurveda is expanding both within the country and abroad. The company has also decided to invest Rs 25 crore in a phased manner in the next four years, E T Neelakandan Mooss, managing director, Vaidyaratnam, said at a press meet.

“In the next three years, the company will have 1,000 more franchisees in major destinations in India and abroad. This initiative will provide 3,000 fresh employment opportunities. The franchisees outside Kerala will showcase ayurvedic products, especially the Vaidyaratnam brand,” Mooss added. Vaidyaratnam, with a current turnover Rs 65 crore, already has to its credit 1,000-odd retail outlets in the State. It also has branches and distribution network spread across Tamil Nadu, Karnataka, Andhra Pradesh, Maharashtra and Delhi.

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Aussie Franchisor Crust Gourmet Pizza opens first international franchise restaurant in Singapore

3rd February 2010: Franchise network Crust Gourmet Pizza Bars has just opened its 50th store and is setting its sights on Singapore. The Cheltenham, Victoria, franchise will further establish Crust’s foothold in the Melbourne market, complementing its plans for both domestic and international expansion this year. The pizza franchisor has plans to open its first international store in Singapore and expand into Western Australia and South Australia this year.

Crust managing director, Costa Anastasiadis, said the latest store opening comes at an exciting time as the company continues its major focus on expansion and franchisee recruitment in 2010. “Opening our first international store in Singapore will be an exciting major landmark for the company. Crust’s goal is to become the leader in the gourmet pizza delivery market Australia-wide and hitting 50 stores bring us closer than ever to achieving this,” said Anastasiadis.

Crust also celebrated the launch of its new menu this week, adding three new Asian-inspired menu items: Saffron Chicken, Szechuan Chilli Prawn and Peking Duck. Crust Gourmet Pizza Bars launched in 2001 with a single store in Annandale, Sydney, and has since grown to 50 stores across Queensland, New South Wales, ACT and Victoria.

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Papa Bello to acquire Indian Concept, to franchise eventually

Feb. 2, 2010) Papa Bello Enterprises Inc., the operator or franchisor of about 20 Papa Bello Pizza restaurants, is continuing its buying spree with the planned acquisition of Royal India Express, a fast-casual Indian concept in San Diego. Last October Papa Bello acquired Pastore's of Rosedale Inc., a Baltimore-based restaurant, deli and bakery concept, and Kebab Cafe, a quick-service operation specializing in Middle Eastern food in La Jolla, Calif. Pastore's two outlets generated revenues of about $1.4 million in 2009, the company said.

Royal India Express, which was created by brothers Sam and Jag Kambo, the developers of Kebab Cafe, operates one outlet in the Horton Plaza and is exploring additional sites in Southern California. The deal is expected to close later this month. James Price, chief executive of Papa Bello, said the company "is in excellent position to expand with the four operating concepts." The company earlier said it had plans to open 10 corporate Kebab Cafe locations in 2010 and expected to franchise the Pastore's concept as Pastore's Italian Bistro & Pizzeria.

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Franchising can change the world

Who says that the franchise can not work in a small third world country or in an economically weaker countries, where humans are only one or two dollars a day? I believe that franchise systems can work in these positions, both in Asia, Middle East, former Soviet States, Indonesia, Latin America, the Caribbean or in Africa. You see, there are a whole series of micro-systems are helping in these countries, people start businesses of their own.

Micro-franchising is a business model that attempts to adapt some of the traditional franchising concepts to small businesses in the developing world. It seeks to provide replicable business plans to small entrepreneurs in developing countries by using methodologies developed in the traditional franchising model. It attempts to follow in the footsteps of the micro-finance and micro-credit models in developing countries by funding new ideas and business opportunities

Franchising works bestunits of the system, because these types of small businesses. With a simple proven system, and the influx of micro-credit can be set to people with small businesses that can provide for themselves and their families. For example, consider the activities of people at risk? Each of these devices can be bought for the transportation of a few hundred dollars / few thousand rupees, but someone who makes only $ 1 – $ 2 a day / Rs. 50 to Rs. 100 a day and spends most of the time and money for food and not be able to save what isrequired to purchase the device in the first place.

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Cox & Kings eyes overseas acquisitions to strengthen franchise operations in India

2nd February 2010: Travel operator Cox & Kings India is scouting for acquisitions in countries like the US, Canada, England, Australia and New Zealand, a senior company official said today. The travel operator, which raised Rs 610 crore through a public issue in December last year, has earmarked Rs 150 crore for funding such acquisitions. "We have a fund of Rs 150 crore earmarked for this (acquisitions). We are very comfortable with countries where the laws are familiar like the US, Canada, Australia and New Zealand...It becomes very attractive for us particularly since these countries are just coming out of recession," Cox & Kings Executive Director Peter Kerkar told PTI here.

Kerkar said the company is still on the look out and that "it could be several small companies or one large company". Last year, Cox & Kings acquired MyPlanet Australia and Bentours International, expanding its product and retail distribution presence in Australia. Besides this, it has a strong presence there through Tempo Holidays, a outbound tourism market player that it had earlier acquired. He said the company would focus on enhancing its distribution in India, through franchise sales outlets as well as internet.

Cox & Kings as a franchisor would grant the franchisee / entrepreneur the licensed right to own and operate a business based on the Cox and King's travel business concept, using its trademark. Cox and Kings would help the franchisee start the business, providing training, assistance with, site development and ordering inventory, advertising and marketing support. To benefit from this business opportunity, a franchisee needs 250 to 1,000 sq ft of space and to make an investment of Rs 10-15 lakh

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