A franchise is an authority that is given by an organization to someone, allowing them to sell its goods or services or to take part in an activity which the organization controls.
A right to sell a company's products in a particular area using the company's name:
Arrangement where one party (the franchiser) grants another party (the franchisee) the right to use its trademark or trade-name as well as certain business systems and processes, to produce and market a good or service according to certain specifications. The franchisee usually pays a one-time franchise fee plus a percentage of sales revenue as royalty, and gains
(1) immediate name recognition,
(2) tried and tested products,
(3) standard building design and décor,
(4) detailed techniques in running and promoting the business,
(5) training of employees, and
(6) ongoing help in promoting and upgrading of the products.
Definition: A franchise is the license to make or sell a product under certain conditions granted by the owner of these rights. In other words, a franchise is the right to produce a licensed product by the owner of the license. In this contact, the franchisee pays the franchiser for the right to use the licensed material.
Example : We often think of restaurants like McDonalds, Subway, and Burger King when we hear the term franchise, but these companies aren’t actually franchises themselves. The way it works is the McDonalds Corporation owns the licensing rights to its product names, processes, and distribution network. No other company can call its sandwich the Big Mac without permission from McDonalds. That is where the concept of franchises comes into play.
In an effort to grow their global business McDonalds found out it would be too costly to actually build buildings and run thousands of restaurants. Instead, they decided to sell the rights to use the name McDonalds along with the products and processes. This way the corporation doesn’t have to invest in new fixed assets, but it can make a profit while expanding the reach of its brand.
A franchise McDonalds store is typically privately owned and must pay the greater corporation an amount each year to maintain its franchise. It must also adhere to specific production and quality requirements. Have you ever wondered why every McDonalds franchise is exactly the same? Well, that’s because each franchise is required to make their burgers, shakes, and fries exactly how the corporation tells them to.
Less risk - The risk of business failure is reduced by franchising. Your business is based on a proven idea. You can check how successful other franchises are before committing yourself.
No previous experience needed - No prior experience is needed as the training received from the franchisor should ensure the franchisee establishes the skills required to operate the franchise.
Branding & Trade Mark - You can use a recognized brand name and trade mark. You benefit from any advertising or promotion by the owner of the franchise - the 'franchisor'.
Training and Support - The franchisor gives you support - usually as a complete package including training, help setting up the business, a manual telling you how to run the business and ongoing advice. You can benefit from communicating and sharing ideas with, and receiving support from, other franchisees in the network.
Career Growth - A franchise enables a small business to compete with big businesses, more so than an independent small business, due to the pool of support from the franchisor and network of other franchisees.
Exclusive territory - You usually have exclusive rights in your territory. The franchisor won't sell any other franchises in the same territory.
Competitive edge - Financing the business may be easier. Banks are sometimes more likely to lend money to buy a franchise with a good reputation.
Effortless Activities - Products and services will have already established a market share. Therefore there will be no need for market testing. Relationships with suppliers have already been established.
Costs may be higher than you expect. As well as the initial costs of buying the franchise, you pay continuing management service fees and you may have to agree to buy products from the franchisor.
All profits (a percentage of sales) are usually shared with the franchisor.
Other franchisees could give the brand a bad reputation, so the recruitment process needs to be thorough.
The franchise agreement usually includes restrictions on how you can run the business. You might not be able to make changes to suit your local market.
You may find that after some time, ongoing franchisor monitoring becomes intrusive.
The franchisor might go out of business.
You may find it difficult to sell your franchise - you can only sell it to someone approved by the franchisor.
The inflexible nature of a franchise may restrict your ability to introduce changes to the business to respond to the market or make the business grow.
I want to make memories all ever world
VIEW DETAILSWhen you buy a franchise, you are not buying the rights to own that franchise for unspecified period of time, instead a franchisor will grant you a license to run your franchise for a specific period; this is known as the Franchise Term.
The franchise term can vary between franchises, this is usually between 5-10 years, with the option to renew made available if you are a franchisee in good standing. The period and the terms of renewal, such as the payment of a renewal fee and whether you are obliged to refurbish or update aspects of the business, will be outlined in the franchise agreement.
In general, the period needs to be fair and hence long enough for you to recover your investment and loans associated with the purchase of the franchise.
Franchisees are able to sell their business before the end of their franchise term. If doing this you must contact the franchisor and work with them to make sure that you take the correct legal steps. It would be worthwhile seeking legal advice from a franchise specialist lawyer when looking to sell your business or renew, especially if the certain areas of the agreement need renewed also.
This is the right decision you have made to become a franchise with Crazy Safar. Take a Stand for Yourself / Identify the Right Business for You / Business Planning Improves Your Chances for Success. / Know Your Target Audience Before You Spend a Penny / Understand Your Personal Finances and Choose the Right Kind of Money You Need for Your Business / Build a Support Network / Sell By Creating Value / Get the Word Out…
No matter what your role, it's likely that you have great freedom to define how ... “You mean to say that I can push the envelope as far as I want to give yourself time to think about your professional experience. What can you do to increase the percentage of your time devoted to projects that bring you joy and fulfillment”
Crazy Safar started attractive Incentive on Monthly / Quarterly / Annually Targets to our franchise.Management team will have full right to change / modify incentive structure at any time it depends on situation.
| Incentive Structure | Rate | Approx Amount |
|---|
| e.g. Business done Rs.300000/- per month = Rs.900000/- in Quarter | Approx Amount | |
|---|---|---|
| I st Month - Rs.300000/- | Rs.45000/- | |
| II nd Month - Rs.300000/- | Rs.45000/- | |
| III rd Month - Rs.300000/- | Rs.45000/- | |
| Total Business in 3 months | Rs.900000/- | |
| Less No bonus | Rs.750000/- | |
| Additional Amount | Rs.150000/- | |
| 10% Quarterly Bonus Applicable on Additional Amount | Rs.7500/- | |
| Total Incentive in Quarter | Rs.142500/- |
| Start Up Plan | Growth Plan |
|---|
* only one tour applicable as per chart either domestic or international,
As a Franchise you get Qtly / Half Yearly / Annually Appreciation with certificate / Trophy from Branch. Communication between management and employees which rewards them for reaching specific goals or producing high quality results in the workplace. Recognizing or honoring employees for this level of service is meant to encourage repeat actions, through reinforcing the behavior you would like to see repeated. When employees know that their efforts are appreciated, it increases their self-esteem and satisfaction with their job. Their improved attitude toward their job encourages them to aim for quality and increases productivity. Not all employees or organizations will respond to the same type of recognition.
Everyone has an opportunity to travel on successfully completed target on yearly basis. As per chart of incentive structure.
– Marketing is necessary for every firm; company will do centralize marking all over, For do business you all required marketing help Branding, Advertisement, Brochure, Pamphlet, Banner, Visiting Cards, Flex Printing Web sites support, WhatsApp Support, Facebook Page, Instagram etc…however, many find it difficult to recruit or afford the skilled resources they need to handle time-consuming, repetitive marketing tasks.
Start up Plan Subscriber - Support without individual name Visiting Card
Growth Plan Subscriber - Support with individual name Visiting Card
You can close the deal with the help from Sales Team which conduct into the branch. Sales support specialists are responsible for providing support during the sales process. They help customers resolve sales-related issues in a timely manner, generally providing real-time support. Specialists also escalate issues as necessary to supervisors or other department in their organization. Sales Support Representative is a critical support role that will assist sales people with creating and sending sales proposals/contracts, processing sales orders, working closely with project management, and interacting with existing and new customers.
Everyone get training support by phone or you can attend the Training sessions which will conduct on branch every day or you can book a table on your convenient time for training. Out stations freelancer will have separate training plan in their local area which will be done depends on minimum count of freelancer.
Monthly Active Franchise will get surprise gift from Branch. Full right reserve by Management Team.
You will get full software support with individual portal login with all your activities included on it.
For both plans Rs.50000/- security deposit is applicable which is refundable.
Crazy Safar offering two types of subscription plans to everyone. Start Up plan valid for 1 yr. Growth plan valid for 3 yrs. Validity count from date of joining and subscription fee paid onwards till validity as per plan chose. This subscription fee is non-refundable and non-transferable. Please refer above table for subscription charges.
Note – Subscription charges will vary every month / quarter / year which will not fix and it will increase or decrease at any time. Full rights reserve by Management team. It will not effect to already subscriber which will remain same. Only at the time of renewal current charges are applicable.
Payout Incentive Amount consider without GST.
Discount amount is not included in incentives.
Eligible National & International Tour as per incentive structure
Subscription charges are non refundable and non transferable
Subscription charges are valid as per subscription plan.
Incentive amount will be release after successfully completion of the tour.
Incentive is not applicable to own family tour. Company offering special discount base on subscription plan.
Incentive structure is not fix it will change / modify at any time depends on situation. Management Team will have full right.
School / College / Institute tours are not applicable for Franchise.
Commission is not applicable for these activities - Local tours / Vehicle Booking / Train Tickets / Air Tickets etc.
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