{"id":2523,"date":"2014-10-30T18:16:21","date_gmt":"2014-10-30T12:46:21","guid":{"rendered":"http:\/\/blog.getdistributors.com\/?p=2523"},"modified":"2023-10-09T15:36:18","modified_gmt":"2023-10-09T10:06:18","slug":"entrepreneurial-tale-writing-the-story-of-success-via-franchising","status":"publish","type":"post","link":"https:\/\/www.getdistributors.com\/blog\/entrepreneurial-tale-writing-the-story-of-success-via-franchising\/","title":{"rendered":"Entrepreneurial Tale: Writing The Story of Success via Franchising"},"content":{"rendered":"

Most folks are not too familiar with the world of Franchise an<\/strong>d likely view it as a way to hedge one\u2019s bets (protecting themselves against <\/strong>making the wrong choice) by sharing an established name or brand. And there is undoubtedly some truth to this. However, the key to successful franchising business derives from the same high spirit of entrepreneurship that fuels the business owner. Yes, risk is there involved too in going the franchise way, just like when you start a business from scratch. The key is plenty of hard work, a bit of luck and an eagle eye for calculated risk.<\/strong><\/p>\n

That\u2019s because the history of franchising is common to those who knew the ifs and buts of franchising. While investing in a McDonald\u2019s or Lifestyle is certainly a safe play, let us have a sneak peek into what the big shots of the industry say about their decision of opting franchise route for business growth.<\/p>\n

Shiv Inder Sing<\/strong>h transformed the Rs 4-crore Firefox Bikes into a Rs 75-crore venture in a decade<\/strong><\/p>\n

In the \"rsz_firefox\"<\/strong>first year of operations, we managed to sell just 1,200 bikes. Today, our efforts have borne fruit and Firefox has not only succeeded in changing people’s mindset about biking, but has also introduced a cycling culture among various age groups. At present, Firefox sells over 7,000 bicycles a month and, in 2013-14, we posted an annual turnover of Rs 75 crore.<\/p>\n

Company Name<\/strong>: Firefox Bikes
\nSeed Capita<\/strong>l: INR 4 Crore
\nIndustry<\/strong>: Automobile
\nTurnover in the First Year<\/strong>: INR 1.4 Crore (2004-5)
\nCurrent Turnover<\/strong>: INR 75 Crore (2013-14)<\/p>\n

 <\/p>\n

34-yea<\/strong>\"rsz_28571481cms\"<\/strong>r-old Priyank Sukhija runs 19 eateries in Delhi<\/strong><\/p>\n

Priyank Sukhija (34) is arguably Delhi’s most successful restaurateur – with a business model that’s exciting plenty of investors around the country. He runs 19 restaurants in the city (all but one are profit-making). His establishments span more than 100,000 sq. ft of prime real estate. Three more will open for business before April.<\/p>\n

Company Name<\/strong>: Priyank Sukhija Restaurants’
\nEstablishment Year<\/strong>: 1999
\nNo. of Restaurants in Delhi<\/strong>: 19
\nThis Year’s Expected Turnover<\/strong>: INR 100 Crore
\nFuture Plan<\/strong>: 150 Restaurants and Cafes all over the world<\/p>\n

 <\/p>\n

NEXT’s turnover got more than double in a short span of time by opening more franchise ou<\/strong>tle<\/strong>t<\/strong>s<\/strong><\/p>\n

The bran\"rsz_next\"<\/strong>d currently operates over 550 showrooms across 25 states of India with a presence in 300cities and towns spanning metros and large towns under the brand name of \u201cNEXT.\u201d NEXT has successfully changed the way an Indian consumer shops for electronics and plans to build a chain of over 1,000 showrooms throughout the country with an estimated annual turnover of Rs. 5,000 Crores in the next three years.<\/p>\n

Company Name<\/strong>: NEXT Retail India Ltd.
\nEstablishment Year<\/strong>: 2013
\nIndustry<\/strong>: Electronics
\nTotal Stores in India<\/strong>: 550
\nFuture Plan<\/strong>: 1000 Showrooms<\/p>\n

 <\/p>\n

Ginger<\/strong> Hotels to expand footprint in India through franchise model<\/strong><\/p>\n

Ginger pla\"rsz_ginger-hotels-logo\"<\/strong>ns 80 hotels by 2016-17, up from the current 30, and the bulk of these will be franchises. Franchises account for a third of the 15 properties in the portfolio of mid-market chain keys hotels.<\/p>\n

Company Name<\/strong>: Ginger Hotels
\nEstablishment Year<\/strong>: June, 2004
\nIndustry:<\/strong> Hospitality
\nTotal No. of Hotels in India<\/strong>: 20
\nTargeting<\/strong>: 80 Hotels<\/p>\n

Not only these but numerous top brands opting franchise as the best business expansion<\/a> route like Cobb, Subway, Woodland, Croma, Fastrack also enjoying big bucks via franchising.<\/p>\n","protected":false},"excerpt":{"rendered":"

Most folks are not too familiar with the world of Franchise and likely view it as a way to hedge one\u2019s bets (protecting themselves against making the wrong choice) by sharing an established name or brand. And there is undoubtedly some truth to this. However, the key to successful franchising business derives from the same […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[203],"tags":[],"_links":{"self":[{"href":"https:\/\/www.getdistributors.com\/blog\/wp-json\/wp\/v2\/posts\/2523"}],"collection":[{"href":"https:\/\/www.getdistributors.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.getdistributors.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.getdistributors.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.getdistributors.com\/blog\/wp-json\/wp\/v2\/comments?post=2523"}],"version-history":[{"count":24,"href":"https:\/\/www.getdistributors.com\/blog\/wp-json\/wp\/v2\/posts\/2523\/revisions"}],"predecessor-version":[{"id":2557,"href":"https:\/\/www.getdistributors.com\/blog\/wp-json\/wp\/v2\/posts\/2523\/revisions\/2557"}],"wp:attachment":[{"href":"https:\/\/www.getdistributors.com\/blog\/wp-json\/wp\/v2\/media?parent=2523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.getdistributors.com\/blog\/wp-json\/wp\/v2\/categories?post=2523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.getdistributors.com\/blog\/wp-json\/wp\/v2\/tags?post=2523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}