The concept of franchising is based and followed on a proven method of operating a business. A franchisor like GeNext develops a business format over the years. In such an event the chances of success as a franchisee is many times higher than running an independent business. In fact the US Dept. of Commercial Services states that 75% of all independent business fail whereas 85% of all franchisees succeed. Just glance through the facts given below, and you'll know your chances of success with GeNext are very high.
Partner the market leader
- Demand surpasses supply
- Already a potential 1 Billion students exist in the market (people who can read and write English but cannot speak fluently)
- The number of people who can't even read and write English is three times that figure
- Huge scope for long-term profitable venture
- Low Investment
- Attractive ROI (Return on Investment)
- Promise of breaking even in 6 to 12 months depending on the location
How is the Franchise centre commercially viable?
- There is no expenditure except administration and faculty salary.
- Advertisement support from the company.
- Investment is limited only to the initial payment made for the starting of the centre. No further investments. An annual return on initial investment is more than 70%.
- From the very second year it would almost mean returns without any further investments.
- Training of your faculty & counselors by experts.
- No risk factor whatsoever, proven business model.
What GeNext expects from its Franchise
- 1000 - 1500 sq.ft. area in the main commercial centre of the town/city (own or rented), easily accessible by bus or local train.
- Applicant must be in the age group of above 25 years.
- A well furnished front office and 3 fully equipped classrooms of 300 sq.ft. each.
- Faculty and course counsellor.
- Rs. 8-12 lakhs as initial investment.
- Commitment and good administrative skills.
- Dedication - The franchisee must spend at least 50% of his/her time at the GeNext centre.
The existing trend shows that the inflow of students keeps constantly increasing.
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