Month: April 2014 (Page 1 of 4)

Financing A Subway Franchise_1_2_3_4_5_6

If you are currently looking at buying a Subway Franchise, you may be thinking how are you going to finance it? Many people taking on a franchise often do not have the required capital upfront to fund both the franchise cost along with the associated costs involved in setting up the restaurant, kitting it out with all the required catering equipment, arranging for the shop fitters to fit out the shop accordingly, fitting all the tables and chairs, and so on. This is why many people choose to finance their Subway Franchise, as it allows them to effectively budget their monthly outgoings through a monthly finance package whilst receiving all the equipment they need to operate their business immediately. By financing the Subway Franchise costs along with all the equipment required, you are keeping your available capital in the bank, leaving it available for other important business expenditures and giving you more liquidity in the day-to-day running of your Subway business. Through a tailored franchise finance package You know exactly how much will be going out of your bank account each month on your lease agreement and are therefore able to realise your return on investment easier.
Subway Franchising is very popular, with the Subway Franchise itself being one of the most sought-after and applied for franchises in the UK. Everyone knows Subway, and due to their ongoing popularity and excellent menus – not to mention their high profile advertising campaigns – they attract potential franchisees from all over the world, all of whom want to open their own Subway franchise and be part of the success story. There are many flexible finance packages on the market that allow you to build in the franchise fee, the equipment that goes into the Subway restaurant, the decoration, the shop fitting and most other elements that allow you to open your Subway franchise doors cost effectively, without needing to find tens of thousands of pounds to put down upfront.
Typically, look to an asset finance provider who can offer finance packages for new Subway franchisees, many specialist asset finance brokers will also be able to help regardless of whether you are completely new to franchising or it’s your 30th Subway franchise. Either way, there are several competitive franchise finance packages available for you regardless of your franchising experience or credit rating. Typically, franchise finance packages are available to you over 3-5 years with minimal information required upfront. Look for a franchise finance specialist who has been working in arranging finance for new franchisees for many years, so when you contact them you can rest assured that they have the relevant knowledge to assist you. Franchise finance is a very sensible way to approach your next franchise opportunity, as it gives you the business and equipment you need today whilst allowing you to spread the cost of it over several years.

Beauty Franchising – the Essential Steps

Becoming a franchisee with a branded or successful beauty salon has the potential to deliver numerous benefits to the invested individual. Prior to selecting the appropriate beauty franchise, guidelines following the setup, training, designing, and management must be followed. It is a truth that in today’s society, people want to look good. Competition for business is high and the benefit of owning a reputed beauty salon is advantageous. Due to popular demand, franchised salons have commercialised and enhanced their services, offering several beauty services to lure clients. More salons are now offering specialised treatments using advanced technologies for services such as micro dermabrasion and permanent hair removal. Running a successful franchised salon can only be possible if the services are professional and keep up with client’s demands. Let us now have a closer look at the essential steps in bringing you success in today’s competitive beauty industry. Requirements for Starting a Beauty Franchise Capital Investment: As with every franchise venture, a start-up cost is associated. This varies depending on the franchisor’s business model, space required, fixtures etc. The primary cost could be the rent or lease budget required for the outlet. Strategic Location: Successful beauty salons are located in commercial locations such as shopping malls or main streets to provide maximum traffic each day. Staff Members: Well trained and professional staff is essential as a high level of skill is required for delicate and invasive procedures. Ideally, a specialist in their field such as a dermatologist should be employed. Multipurpose Salon: Customers are attracted to salons which offer the convenience of a comprehensive range of services under one roof. Hygienic and Clean Ambiance: Salons can flourish if the environment is clean, hygienic and comfortable and when products are of a high quality. Client Satisfaction: Staff are required to have the etiquette necessary to handle and satisfy all client types. Word of mouth is also a strong marketing channel therefore happy clients equal more business. Marketing: Advertisements for the salon via various mediums is essential in driving business. Additionally, offering incentives i.e. gifts and free lunches can help to retain your skilled staff, the rewards earning their loyalty and increasing their efficiency. Running a beauty franchise can be much easier if the franchisor is cooperative and offers support in all of the said aspects. By adhering to the above tips, your beauty salon will be on its way to great success! Author Bio: Essential Beauty offers you the franchise opportunity to own a successful franchise with a lifestyle that others envy. Your hard work and dedication will be rewarded by using our formula for the establishment and day-to-day operation of your salon, and participating in our marketing programs. Essential Beauty offers you the opportunity to be in business for yourself, not by yourself. Visit www.ebfranchise.com.au for more information.

Expansion Spree Of Bangs Indias First Domestic Spiced Flavored Fried Chicken_1_2_3_4

Bangs is Indias first domestic spiced flavored fried chicken brand which came into existence in Chennai in the year 2009. The companys Founder Asvin Simon, owing to a passion for fast food, thought of banging the fast food market with a new kind of twist in the menu and came up with the idea of launching Bangs. The company, which started with a small kiosk in just 80 sq.ft area, is now present across more than 13 states, including Gujarat, Punjab, Uttar Pradesh, Tamil Nadu, Karnataka, Bihar, Madhya Pradesh, Maharashtra, Haryana, Himachal Pradesh, Andhra Pradesh and Rajasthan, through 31 plus outlets. Bangs have planned to open 12 more outlets by the end of June this year. These outlets are a mix of three types of formats restaurant, kiosk and express.

Other than fried chicken, Bangs also offers a variety of fast food options including burgers, wraps and pasta, along with a large number of sidekicks, tempting desserts and drinks. The company operates a fully-equipped, state-of-the-art research and development facility to create new products and interesting combinations. Each new product is tested by a carefully selected consumer panel for an accurate and relevant feedback. Existing products are also constantly revised to increase quality and taste. It is made sure that the menu gets revised after every six months to attract the existing and new customers.

Bangs is known for its tasty burger and fried chicken, variety of menu, low pricing and fast service options. The company has recently been recognized as one of the top 100 brands in India by Franchise India Corp. All its franchisees are benefited by the powerful brand association, operational and management support, extensive purchasing and distribution network and new product development. As a Bangs franchisee, the outlet owner receives technical and marketing support on a continued basis. Periodic visits are carried out at the franchised outlet for business reviews, market development and general business coordination.

Expansion Spree:
Taking into account the positive customer feedback, Bangs adopted the franchising business model in the mid of 2010. This model was liked so much that within a span of one year, the company has increased the number of outlets to 31 with numerous more outlets in the offing. With an annual turnover of INR 9 crore, Bangs is aiming at 50 more franchisees by December 2012.
Through the franchisee route, Bangs expanding its network with open 500 outlets across the country in the next five years, 100 would be company owned while the rest 400 would be franchise.
Bangs have planned to open their outlets in overseas. Their first outlet would be opened in Doha (Qatar) by July this year. The Company is planning to open three more outlets in Doha by the end of this financial year.
Besides the upcoming location in Qatar, Bangs plans to open more outlets internationally targeting the Middle East Region.

Mister Donut Franchise – Orientation With The Business_1_2_3_4

The best donuts are now produced by one of the most famous international franchises, the Mister Donut Franchise. The fact can’t be denied that donuts are one of the top five choices of sweet tooth lovers ranging from kids to adults. Its stability and profitability remained since then. Aside from this, it attracts a lot of aspiring investors because they could start up in a smaller capital.

Most newbies cannot afford to establish from scratch and compete for their own fame and name. Instead, they opt to follow what has been established already with trusted reputation. They select the names that the consumers already love to buy or pay for. This is Mister Donut Franchise. There are so many benefits for availing Mister Donut Franchise that made it even more popular. Aside from its good record and reputation, the worldwide advertisement support and promotional materials such as television, newspaper or radio ads already exist. The operation is so easy with great provision on expansion and growth.

But how does franchising work? Just like with any other businesses, jumping into the venture without proper orientation will lead to early failure. Franchising is actually buying a business model of a certain company. When we say business model, we are referring in terms of the company’s idea, system, strategies and name. These key factors are proven to be successful and feasible in several areas. As also practiced in retailing, franchising offers the advantage of starting up quickly based on a proven trademark. It is also done in the basis that is similar to tooling and infrastructure rather than developing them.

With Mister Donut franchise, being the original owner of the business, Mister Donut is called the franchisor. Whereas, those who pay for using the business model of Mister Donut are called the franchisee. Whatever success that the franchisor will achieve, will reflect to its franchisees. Mister Donut will also provide marketing, logistics and sales assistance. They also offer training support and technical assistance on site assessment and development. Or lend the credibility of its business. With Mister Donut franchise, the franchisee is expected to be responsible with the direct stake in the business; therefore he gains the greater incentive than the franchisor.

As the franchisee of Mister Donut franchise, the name is now handed unto you. Just have the proper attitudes such as enthusiasm, dedication and determination. These key attitudes will surely lead you to the top.

Online Franchising in Five Steps

Of all types of business models, franchising is the most effective income generating tool for both small and large business owners. Online franchising has become even more popular, as more and more users get online each year. For those interested in online franchising, here are some easy tips to help you avoid making investment mistakes in the future.

First, determine which online business you are interested in. Investment comes not only in the form of money, but also time and dedication. Franchisees who love what they are doing are most likely to be successful with their chosen franchises. Online directories provide a list of Internet franchising opportunities to suit anyone’s interest.

After deciding what business to pursue, it is time to secure your capital. This involves securing funds to be used in purchasing and operating your online business. Unlike traditional start-up business, franchising usually requires minimum capital. You can always procure a small business loan to cover half of the franchising fee and any other assets for the other half.

After securing funds for your business, you also need to determine the demand for your franchise’s products or services. Before closing any deal, take time to search your franchising company’s national directory to know how many franchises already exist. Start your search in your locality. This will help you manage your business with lesser anxiety regarding competition and will give you an idea on how you are going to create the most important element of your franchise website.

The fourth step is creating a business plan. Your business plan should clearly indicate an outline of how you are going to manage and develop the franchise website. Franchising usually requires attachment of profit projections and monthly operating costs once you start the business. A business plan should be well composed and presented, because your chances of owning a website franchise depend on it.

Applying for a franchise website also involves creating promotional materials and a marketing plan. Franchising is an industry that requires creativity and analytical thinking on your part as a business owner. Before the franchising company supplies you with the materials needed for advertisement, you have to prove to them that you can make your own.

Popular Business Trend In The Philippines

Franchising businesses had gained a lot of popularity in the Philippines when many Filipinos had started to go for this business rather than starting their own business from scratch. According to many experts, the reason why franchising became a popular trend in the Philippines is because of the many new franchising businesses which made it easier for many Filipinos to start their own business. This is when food-cart and food-stall businesses had been introduced in todays franchising industry.

Popular Business Trend in the Philippines
Franchising had been practiced in the Philippines for many years. However, it was only recently in which these types of business process had gained a lot of popularity and demand in the market.

The reason why is because of many new franchise businesses which was made available to provide Filipinos with the opportunity to start a profitable business. This is when food-cart and food-stall businesses were introduced in the Philippine market.

Advantages of Small Franchise Businesses
The advantage of small Franchising business Philippines, such as food-cart and food-stall businesses, is its cost, which is significantly lesser compared to larger franchise businesses. Because of this, many Filipinos were able to acquire a franchise compared in the past in which the only the wealthy were able to acquire a franchise.

In addition to its lesser expensive franchising costs, these small franchise business in the Philippines normally doesnt require any proof of managerial experience or any MBA certifications, which are usually, required for larger franchise businesses. This allows many Filipinos, even for those who have no experience in handling a business, are given the opportunity to start a profitable business. This is also serves as an important learning process for many entrepreneurs.

Significant Impact of Franchise Businesses in the Philippines
According to the PFA, or the Philippine Franchise Association, the growth of franchise businesses in the Philippines had contributed largely to the growth of the Philippine economy.

Due to the growth of demand for franchise businesses in the Philippines, thousands of enterprises were created to accommodate this demand, in which this growth had also led to the generation of hundreds of thousands of jobs, making franchising an important tool in the countrys economic growth.

It was also because of the growth of the franchising industry of the Philippines that gave entry for Filipinos to introduce their brands and concepts in the world market. Another is that the growth of the Philippines as the franchise hub of Asia when it comes to the development of franchise concepts

Advantages Of Franchise Businesses In The Philippines_1_2_3_4_5

Franchising is a popular trend in the Philippines today, and one of the many reasons as to why it gained a lot of popularity among Filipinos is because of its many opportunities. Here are some of those:

Quick ROI (Return of Investment)
One of the many popular benefits of franchise business Philippines is because of its faster ROI or Return of Investment compared to start-up businesses. Part of the reason why is because franchised businesses have already established a name in the market which makes them reliable in their market, unlike that of starting a business from the ground-up which would take a lot of time and effort.

Successful Business
In addition to its faster ROI, another reason why franchising became popular in the Philippines is because of its successful business model. According to business experts, the main advantage of franchising is that it allows its owners to start up quickly based on an already proven trademark, which is unlike that of starting their own business from scratch.

Lesser Maintenance Efforts
One of the reason why franchise business in the Philippines had gained a lot of popularity in the Philippines is because of its lesser maintenance efforts, particularly for food-cart or food-stall businesses. The reason why is that all of its marketing efforts as well as branding had been arranged by its franchisor. Some franchisors in the Philippines would even offer their services to register their franchisees business and arrange all its legal papers. This makes it easier for Filipinos to start their business quickly.

Availability
Another popular reason why franchise businesses had gained a lot of popularity in the country, particularly with food-cart or food-stall businesses in the Philippines. Because of hundreds of franchising companies in the Philippines that offer different brands of franchise businesses, particularly food-cart businesses, Filipinos have the freedom to choose which business suits their passion. Such as if with foods, Filipinos can choose from a wide variety of food-stuffs.

Business Loans
In addition to other benefits, business loans are also the reason why franchise businesses had gained a lot of popularity. A popular example is Ka-Negosyo by BPI.

Ka-Negosyo can offer flexible business loans which offers its clients choices of which plans can accommodate their franchise business Philippines needs, allowing it to cover the franchise cost itself, as well as its overhead expenses, such as its legal papers and registration, rent for its location, as well as its construction (if needed).

How do I startup my small business

Is it necessary for a start up to maintain books of accounts?

If your company is incorporated then no matter how small it is or even a start up it must maintain books of accounts. You should get in touch with an accountant and lawyers to understand what are the books required by the law and tax authorities which you must maintain. Outside of this even if you are not required to maintain books of accounts you should at the bare minimum maintain a balance sheet and a profit and loss statement. A balance sheet contains information about your assets and liabilities and a profit and loss statement evaluates how much money is going in the business and what are the profits being made on them. Having both of them is quite important to keep a tab on how the money is moving in your business.

If your heart is in setting up something of your own and starting up a business there will be quite a few avenues for you where you can make money and even get guidance on how to go about it. So even if it looks a little daunting just keep hunting for information and the right kind of people to help you get started.

All About Franchising In A Nut Shell

In simple terms, a franchise gets created as part of an agreement made between the franchisee and franchiser. Here, the franchisee has the authority to use the franchisers trademarks and logos and market its products. A legal agreement is being made to protect the individual interests. An initial franchise fee is paid by the franchisee and a royalty payment from that time on.

Franchising has now become an established business activity. With the help of franchisees, large corporations can achieve diversification and also an upper edge over other small businesses. This is now increasingly popular in many different industries, especially the food industry. Along with fast food restaurants there are many other such sectors that are franchised today actively. With franchises, a business has the potential to create new business units. As per a recent survey, around one-third of total retail sales are made via franchise stores.

Nothing can be more comforting than owning a successful franchise in food or any interested industry. But care should be taken while opening a franchise store in a new market. Many times the outcome does not meet the expectations. For restaurant owners who are interested in expanding their business but have shortage of management personnel or financial resources to operate a chain of stores, creating franchise opportunities can be a solution to the problem.

The initial franchise cost is the onetime payment made by the franchisees in order to secure the new franchise. The royalty fee paid henceforth depends on the gross sales from different stores. A franchiser can make money through the franchise fee, sale of supplies and the royalty fees. In order to obtain the legalities of a franchise, one needs to consult a franchise lawyer and a consultant having good knowledge about franchising. The franchise lawyer will do the necessary paper work like franchise contract, register and drafting of franchise offering circular and the like. The right consultant on the other hand can help you with advertising, operation manuals, public relation materials and training programs.

If you are making a profit with your franchise business then you can always put the businesses for sale if you want to. You can get potential buyers who can strike a deal with you. But if you are not making enough profit then it is pretty difficult to sell your business in the market. There are also magazines available which are dedicated in providing data regarding the franchising business.

A Closer Look At Frozen Yogurt_1_2_3_4_5

For those who enjoy the smooth and creamy refreshment of ice cream but not the fat and calorie content, frozen yogurt has been a lower fat alternative since about the 1970s. Frozen yogurt, sometimes known as froyo or frogurt, is a popular frozen treat enjoyed by millions of Americans. Because it is made from milk rather than the heavy cream used in ice cream, its fat content is lower than ice cream.

Frozen yogurt made its entry into the frozen dessert market in the 1970s, but initial recipes made the frozen yogurt taste too much like regular yogurt. Consumers complained that it tasted too tart and it was a failure at first. However, frozen yogurt manufacturers persisted. With a lot of experimenting and refining, manufacturers were able to create a better tasting frozen yogurt. In the 1980s as people became more conscious of their health and the foods going into their bodies, frozen yogurt became more and more popular as a lower-calorie alternative to ice cream. Though still tangier, the popular new dessert recipe had been altered to make it sweeter and more similar to ice cream. When sales in the 80s began to spike into the $25 million area, major ice cream brands began to create their own brands of frozen yogurt.

Almost all of the same ingredients and processes used to make ice cream are used to make frozen yogurt except for a few key ingredients. Frozen yogurt gets its unique tart flavor and name from strains of yogurt bacteria cultures, like the cultures used in regular yogurt. The primary ingredient in yogurt, as mentioned before, is milk and milk products instead of cream. Milkfat, which generally takes up less than a percent of total ingredients, adds richness to the yogurt. Other ingredients might include gelatin, corn syrup, coloring, and flavoring. The main sweetener in frozen yogurt is generally sucrose, in the form of cane or beet sugar. Sugar, in addition to its flavor, also adds texture to frozen yogurt in the form of viscosity. Viscosity is how well a substance flows.

Though the initial frozen yogurt recipes were originally too tart for consumers in the 1970s, a tart frozen yogurt trend has emerged in recent years. More like the tartness of traditional yogurt that has been frozen, this type of frozen yogurt has seen a huge surge in popularity recently. But, whatever the flavor, people have enjoyed all types of frozen yogurt for decades and will continue to enjoy the healthier frozen dessert.

Page 1 of 4

Powered by WordPress & Theme by Anders Norén