KEYS TO A SUCCESFUL PARTNARSHIP
NAVIKSHA HEALTHCARE PVT LTD
You pay a franchise fee which entitles you to operate your franchise location with that proven model, the use of brand trademarks and logos, plus, you receive training and ongoing support from the franchisor.
You enjoy business ownership by buying into the brand. You must adhere to guidelines and restrictions in a multi-year agreement with the franchisor.
Breaking down your expenses, you will pay an initial franchise fee .You may also have lease fees or construction fees, inventory, equipment, and staff to pay for.
Most franchisors also collect royalties, based on a percentage of your weekly or monthly gross income. Typically, you must pay royalties for the right to use the franchisor’s name, you also may have to contribute to an advertising fund.
Once you start researching different franchises and determine what brands you’re interested in and that you can afford, you will dig a little deeper to ensure you know how to invest in a franchise that will provide the best chance at a good return. This includes attending a franchise’s discovery day where you are hosted by the franchise to get an overall picture of the brand and the support that you will be receiving.
