How to give Franchise of Your Business in India

1. Franchising a business is when you grant franchisees the license and right to open new franchise locations, replicate your business model, and trademark, and benefit from your training, business systems, and ongoing support. In turn, franchisees will pay you an initial franchise fee, and ongoing royalty fee. When you franchise your business, you will be creating the legal documents, pre-sales disclosure, and operational requirements needed to comply with the franchise laws and sell franchises. Benefits of giving Franchise to Your Business • Ability to increase your system sales through new locations • Franchisees will be giving you the capital • Royalty and other fees are a benefit for you • It improves your supply chain

2. Steps to Franchise your Business: 1. Check if franchising is right for your business: Determining if your business is franchisable is a very important step in franchising your business. Look at the long-term goals. Remember you will be starting a new journey of learning franchising, and entering the franchise industry, by building an organization that will be training, supporting, and helping future franchises succeed. As a franchisor you should consider these key points: • Is your business scalable with systems that can be easily replicated? • Profitability of your business and potential future of your franchisees • Opportunity for growth • Capital available to invest in franchising • Your goals and interest in learning about the franchise and growing a franchise system 2. Issue the Franchise Disclosure Document (FDD):

3. This is a legal document required by the franchise laws and what you will need to franchise your business. This document needs to be prepared and issued to comply with federal and state franchise laws, business specific and competitively positioned. It provides details about you, your franchise, and the legal obligations which the franchisee is expected to follow. 3. Prepare Operations Manual: This is a confidential manual that you would be providing to your franchisees, which is the initial version of the manual. This will guide your franchisees on how to use the franchise system and serve as a communication tool that allows you to inform the franchisees about important SOPs. Some primary topics of the operations manual • Your brand purpose, goals, and vision • Preparation to open the franchise location • Product and service requirements • Designated suppliers and inventory requirements • Operation Standards • Marketing and Administration requirements

4. 4. Register your trademark Because your entire franchise system revolves around your brand’s trademark, registering is an important part of the franchising process. When you franchise your business, you will be granted to your franchisees the right to use your trademark. 5. Establish your franchise company This is the legal entity that will offer and sell franchises and should be formed during the franchising process and before issuing your FDD. Forming a new franchise company is an important step because it allows you to shield your current business from future franchising obligations. 6. Register and File FDD You must first file and register your company within each state. 7. Create franchise sales strategy and budget Once you have completed your legal documentation, operations manual, and FDD, creating a franchise sales strategy and budget is critical. Evaluate your target franchisees, target market, training, and support.

5. Once all these important steps are complete, you can consider franchising your business. sparkle★minds has helped franchise both businesses nationally and internationally. So, what are you waiting for? Get in touch, today!