How Does Franchising Work?
Franchise is an agreement between a franchisor who is willing to share his trademark, brand name, patents with the franchise for a fee i.e. Royalty and a share of the profit. Both the parties are required to sign an agreement which states the terms and conditions to which they need to abide. When a company wants to expand but does not have the resources or the manpower they can opt for franchising. Franchise business in India is a growing business model. The reason being the risk factor reduces to a large extent. As a result, many aspiring entrepreneurs are investing in this form of business. Here you can guarantee a fixed income each month and don’t need to worry about market fluctuations. There are many franchise options in India . For instance, in the space of health and fitness in the form of gyms, hospitals, yoga centres like Studio 11, Cult, Apollo Hospital, Global hospital. Food and beverages centres are a very common franchise option. The popular ones include Dominos, S...