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It entirely depends on the business sector and current scale and standard of operations. The ball-park time is anywhere from 16 to 36 weeks.
There are no specific rules on how a franchise agreement can be devised. As long as its legal and involves a fee, a license to use proprietary marks/knowhow and ongoing support by the franchisor, it qualifies be a franchise. A large number of variations are possible within these parameters.
Prospective franchisees/investors invest for two reasons – a comprehensive system to operate a business and a brand equity. The amount invested should clearly reflect the contribution of these two in targeting desired returns, regardless of the brand origins.
Deciding on the right option entails a careful analysis of objectives, capital available and individual temperament. Stellar Eastern will assist you in making an informed decision in this regard.
You can either develop a franchise program for a business that’s ready to scale up or invest in a business with the eventual aim of franchising it. But ‘starting a franchise’ is actually a misnomer.
We are experienced in knowing what investors seek in new projects, and develop financial projections that can strongly support your business proposition.
Whereas we can help you to ascertain the suitability of an investment opportunity to your needs, we are not a brokerage firm. At the same time, we strongly advise you to avoid advisory from brokers due to the inherent conflict of interest involved.
Consulting is primarily a human business and it takes a certain level of comfort between individuals to have a productive engagement. We therefore offer a no strings attached 45 minutes of consulting that helps us know each other better, understand your business aspirations and discuss the approach to attaining your objectives.