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future of franchising

What will be the Future of Franchising Business in India in 2022? 

What is the future of franchising ?

A Future of franchising is a joint venture between a franchisor and franchisee. The original business owner
is the franchisor. He sells the right to use ideas and names. The future of franchising buys this right to sell
the franchisor’s services, goods or idea under an existing business mode.

Franchise business is on the trend in India, franchisees help a lot to expand the business in whole
India, it also helps to make a large customer base. With the help of franchise system owners can
expand their business as much as they want. There are a lot of companies which can expand their
business in whole india by franchisee system. Future of Franchising system is also pocket friendly for both
franchisor and franchisee. It helps the franchisor to expand the business on the global level. With
the help, of franchisee system owner can also expand their business in rural area.

Future Of Franchising is very effective and pocket friendly chain to expand the business.
In the franchisee system franchisor or owner can also make some restrictions on the franchisee.
They can impose the conditions on the franchisee to deal with business. With the help of this
method the franchisor can secure their business dealings. And it also stops the fraud.
India, which has a growing middle-class of over one billion people, is now positioned as a major
force in the global economy and fertile ground for investment in retail and business

The franchising industry in India is expected to grow at an annual rate of 30
percent, and to drive the country’s current $330 retail sector even higher. In 2007, more than 750
national and international franchisors were operating in India, employing millions of people, and
generating revenues in excess of $3 US million With India’s retail sector growing at more than eight percent a year, The Dollar Store is actively seeking franchisees.

This retail chain, based in Florida, USA, sells low-priced general merchandise products and services. India is just one of the geographical areas targeted for the company’s multi-million dollar overseas business expansion , franchising has a bright future in India due to the convergence of many factors: The average
Indian income is steadily rising and individuals have more purchasing power.

Telecommunications and transportation infrastructure improvements facilitate the exchange of
information and goods. The world’s seventh-largest and second most populated nation, India, has always played an important role in the world economy. But now India shines on the map for a different reason.
The ever-expanding population, powered by the economic reforms of the last decade, and an
increasing cash rich upper middle class, India has emerged as the world’s second-largest yet
fastest growing consumer market. The Indian Franchise industry has been ranked as the most attractive global market for investment and with all the leading global brands eyeing India as their target market.

THE concept of franchising has been steadily gaining popularity in India as in the Indian context still a
huge market is untapped. Having closely observed the current situation and understanding the
bothering factors to both franchisor and franchisee “FRANCHISE MART ‘‘ has come forward to
tackle them with its experience and all the verticals as additional arms.
The Foundation Of A Successful Business Empire. In A Straight, One Line Definition, Franchise
Is A Marketing Concept Adopted By Companies For Business Expansion. Where Implemented,
A Franchiser Licenses Its Know-How, Procedures, Intellectual Property, Use Of Its Business
Model, Brand And Rights To Sell Its Branded Products And Services To A Franchisee. In
Return The Franchisee Pays Certain Fees Franchise Is A Motivating Business Opportunity That
Can Lead To And Agrees To Comply With Certain Obligations, Set Out In The Franchise

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