Tag: franchise business

Franchising Has Been a Launchpad for Us: Kunal Sethi, CEO of The Detailing Mafia

In an exclusive interaction with StartupTalky, Mr. Kunal Sethi, CEO of The Detailing Mafia, provides an inside look at how his company has transformed the high-end car detailing industry. With a network of over 180 studios across India, Sethi discusses the advantages of their franchise model, the comprehensive support and training for franchisees, and strategies for maintaining quality. He also shares insights into the challenges faced and the future growth plans for this innovative brand in the car care market.

StartupTalky: What does The Detailing Mafia do, and what are the main services offered?

Mr. Sethi: The Detailing Mafia is a high-end car cleaning and detailing studio. Over a short period of time in the industry, our brand showcases a portfolio of 180+ studios across India, providing services with unmatched quality, reliability, and durability and giving attention to detailing. We offer several services in the detailing process, including PPF, Ceramic coating, glass films, ceramic wash, maintenance wash, car denting/painting, windshield protection field, and bike detailing.

StartupTalky: Why did you choose the franchise business model? How has it contributed to your company’s growth and success?

Mr. Sethi: Franchising the brand was always on our horizon. When we started the concept of premium car detailing, it was unique, hard to find, and premium, and we had people ready to collaborate with us from the very beginning. We started receiving franchise inquiries on day zero. Still, we took time to develop our structure, know-how, and USPs and launched ourselves in the franchising space in 2019 with a solid foundation and infrastructure to back our claims.

Franchising has been a Launchpad for us, enabling us to fast-track our vision of positively disrupting the car care market. We are making quality international services accessible to Indian car lovers and are on our way to becoming an indigenous brand operating abroad. This journey has allowed us to convert our love and passion for vehicles into a successful business, where like-minded individuals can join us in creating state-of-the-art vehicles, meeting consumer demands, and contributing to the community through job creation and capital generation.

StartupTalky: What is the process to become a franchise with The Detailing Mafia? What are the main requirements?

Mr. Sethi: Our franchise requirements are straightforward, and to make it simpler for everyone, we have divided our franchise process into three different categories. In all these three categories, a few things are the same, which include space requirement, height requirement, project investment, etc.; the detailed process is provided below:

Requirements	Category A	Category B	Category C
Space Requirement	4000-7000 Sq. Ft.	2000-5000 Sq. Ft.	1800-2000 Sq. Ft.
Height Requirement	12 Ft.	12 Ft.	12 Ft.
Front Fascia	30 Ft. Minimum	30 Ft. Minimum	30 Ft. Minimum
Project Investment	65-80 lacs	35-60 lacs	30-40 lacs
Location	Commercial or semi-commercial space on the ground floor	Commercial or semi-commercial space on the ground floor	Commercial or semi-commercial space on the ground floor
Electricity	3 phase electricity	3 phase electricity	3 phase electricity
Business Entity	Not more than 3 partners and the firm name should be Proprietor/Partner/Pvt. Ltd.	Not more than 3 partners and the firm name should be Proprietor/Partner/Pvt. Ltd.	Not more than 3 partners and the firm name should be Proprietor/Partner/Pvt. Ltd.

StartupTalky: What support and training do you provide to your franchisees?

Mr. Sethi: Our dedicated team helps our franchisee partners provide training and support. They help to empower our extended family with biannual soft skills updates conducted conveniently to drive continual growth. Currently, we provide support and training to the franchisee partners in 3 phases:

Phase 1:

Market Identification and Conceptualizing:

Real Estate: We help our franchisees identify the right market for their business, search for real estate for their operations (if required), negotiate on their behalf for rentals and finances, and finalize their site.
Architecture: We then provide architecture support to conceptualization and consultation to create a studio as per the Detailing Mafia’s Standards.

Phase 2:

Setting the foundation:

Learning & Development: Here we help the franchisees in sourcing, training, and handling the right manpower on-site in the comfort of their own business habitat.
Owner Coach & Counsel: We also provide our partners with both operational and soft skill training to prepare them for further business & capital generation.
Launch Marketing: We provide them with initial creative and marketing support to establish them in their market.

Phase 3:

Sustenance:

Research & Development: We provide the franchisees with research and development support, updating and delivering them with upgrades to keep them ahead in the ever-growing world of detailing.
Training and Quality Control: We keep conducting training for our partners at regular intervals of time to keep them hands-on and control the quality of the service to the end customers.
Maintenance: We provide periodic maintenance support of the equipment to our franchise for better operating capability.
Store Chain Management: We provide our partners with Store Chain Management services, helping them get raw materials in a short duration anywhere in India.
Marketing: We also provide a robust ecosystem of marketing support to our franchisee with services including (and not limited to):
- Content Writing
- Creative Designing
- Search Engine Optimization
- Social Media Optimization
- Influencer Collaboration
- ATL Activities
- BTL Activities

StartupTalky: How do you maintain consistent quality and service across all franchise locations?

Mr. Sethi: We understand the importance of consistent service across all franchise locations. We achieve this through standardized processes, high-quality product selection, and ongoing quality assurance checks. Additionally, we foster a collaborative environment where even franchisees can share best practices.

StartupTalky: What marketing strategies do you use to promote your franchise brand?

Mr. Sethi: We generally promote our franchise brand through several initiatives, such as lead generation, social media campaigns, and ATL/BTL advertising, which help us capture the right target market and build a strong recall value among our target audience.

StartupTalky: What makes The Detailing Mafia a profitable franchise business, and how do you help franchisees achieve profitability?

Mr. Sethi: The car detailing industry is booming in India, and The Detailing Mafia offers a proven business model with a strong brand reputation. We equip franchisees with the tools and support them to succeed with the help of training, inventory management guidance, and profitability optimization strategies. This inclusive approach ensures that our business is profitable and a promising venture for our franchisees.

StartupTalky: What are some of the challenges you face while running your franchise business, and how do you handle them?

Mr. Sethi: Like every business, we also face a few challenges while running the franchise model; however, we have proactively addressed these challenges by staying ahead of the competition, adapting to changing market conditions, improving our services and processes, and maintaining open communication for all our franchise partners to identify any emerging challenges collaboratively.

StartupTalky: What are your future plans for the growth and expansion of The Detailing Mafia franchise?

Mr. Sethi: We are committed to expanding our reach and retaining our position as India’s leading car detailing brand. In the process, we also strive to organize the car detailing industry. Our dedication to growth and expansion is a testament to our confidence in the franchise model and our continued support for our franchisees’ entrepreneurial dreams.

August 2, 2024

7 Signs Your Startup Might Be a Franchisable Concept
Many entrepreneurs dream of building their startups into a franchise. The thought of having multiple locations, possibly in various cities or even countries, each operated by enthusiastic franchisees, is thrilling. However, not every startup is destined to be a successful franchise. How do you know if your business has what it takes to make the leap from a startup to a franchisable concept? Here are seven signs to look out for:
High Market Demand

Your startup’s potential for franchising hinges heavily on the demand it’s generating in the current market. Your concept must resonate with customers and create a buzz in your sector. Assessing your sales figures, customer responses, and prevailing market trends can provide valuable insights. Do they reflect a desire for your product or service beyond your immediate area? Is there potential for your offering to satisfy the demand in new territories? Identifying an expansive appetite for your startup’s proposition can be an encouraging sign of its franchisable potential.

Your Business Has a Proven Concept

Is your startup standing tall on the foundation of a proven concept? Demonstrable success over a period, paired with a solid financial performance, will pique the interest of potential franchisees. These prospects are investing their money and time; they’ll want evidence of your track record and a robust business blueprint before taking the plunge. Remember, the franchising world thrives on proven concepts that can be replicated across multiple franchises. Therefore, a history of profitability in your current market could be a strong indicator that your business has the potential to thrive as a franchise.

It Offers Something Unique and Attractive

What’s your startup’s secret sauce? Your venture must have a unique selling proposition (USP) that stands out from the crowd. This USP could be a standout product or service, an innovative business model, a distinguished brand, or stellar customer service. It’s this compelling differentiator that will not only draw in customers but will also entice potential franchisees. They’ll want to be part of the journey, aligning with your unique vision and contributing to your brand’s story. So, take a moment to reflect on what makes your startup exceptional – this could well be the key to its franchising future.

11 Ways to Get Ideas for Your Next Innovative Products

Innovation is never easy and the first step of innovation is getting an idea. We have shared 11 amazing ways to follow for generating an idea.

StartupTalkyDev Gupta

Standardisation and Systemisation Are in Place

A recipe for success in franchising lies in the standardisation and systemization of your startup. A well-articulated business model and clear operational protocols are critical to this. Consistent training initiatives and uniform customer experiences are also integral to the puzzle. Your enterprise must have a predictable and repeatable formula that can be duplicated across different locations. If these elements are firmly embedded within your startup, you’re halfway there to establishing a franchise. This means your potential franchisees can focus on growing the business rather than getting lost in figuring out the basics. It’s like providing a clear roadmap for your journey into the franchising world.

Your Startup Can Offer Training and Support

Does your startup have the capacity to provide comprehensive training and support to your franchisees? It’s a crucial part of the franchising journey. It’s not just about handing over your brand; it’s about equipping others to succeed with it. Providing in-depth training on the operational aspects, marketing strategies, customer service standards, and more will ensure consistency and quality. Additionally, ongoing support through a strong back-end team is vital for addressing franchisee queries, issues, or challenges they may face. If your startup can effectively deliver on these fronts, it’s a positive indicator that you’re ready to franchise.

Sufficient Resources to Support Expansion

Franchising demands more than just a brilliant idea and market demand; it requires substantial resources. It’s not solely about the financial aspect but also the people and time involved. Franchising is a long-term investment that calls for an unwavering commitment and robust support mechanisms. You’ll need the capital to build infrastructure, recruit talent, and provide essential training to uphold your brand’s standards and reputation. Therefore, ensuring your startup has the necessary resources to back your expansion plan is an integral step towards becoming a franchise. Remember, the franchising journey is as much about the resources you have as the unique idea you offer.

Legal Considerations Are Clear

Embarking on a franchising journey means navigating a sea of complex legal necessities. Creating a Franchise Disclosure Document (FDD) and franchise agreements are just the tip of the iceberg. Being well-acquainted with these legal obligations and prepared to collaborate with experts in franchise law can set your startup on a course toward a successful franchising voyage. A sturdy legal framework is essential for averting potential disputes and ensuring the franchising process sails smoothly. Hence, a clear understanding of legal considerations should be part of your franchising compass.

Summary

Journeying from a startup to a franchisable entity demands a particular blend of elements. This mix includes a strong market presence, proven business model, unique offerings, standard operational procedures, supportive infrastructure, ample resources, and sound legal understanding. If your startup can tick off most of these elements, it could be ready to venture into the exhilarating realm of franchising. But remember, it’s a significant undertaking that demands detailed planning, rigorous diligence, and expert advice. The road to franchising is paved with opportunity but also requires a solid foundation and careful navigation.

All You Need To Know About Franchising Your Business – Tips & Tricks

If you have an independent venture that can be effectively imitated, through this article we will tell you how to research a franchise effectively.

StartupTalkyAnkana Bhowmik
February 2, 2024
How Drinks Helped Dunkin’ Become a $9 Billion Empire

Food is the most basic necessity of life. It has been like that since the beginning of time and life. For ages, we humans have tried to figure out a lot of stuff and eventually provide food for our society. As society grows as a whole, we see change everywhere. Even in the food business. Food is not just a basic necessity anymore, it has outgrown that definition of medieval times. Food is now taste and experience in the modern world and not just some source of nutrition and fuel for work.

Of all that has happened to food, one thing is supremely visible. Food has become faster, its chain has been becoming faster and faster. People want it fast and now without compromising the quality of food. Fast food stores like Mcdonald’s, and Domino’s are the new kitchen for the young and fast-living generation. Here in this article, we will talk about one such food joint. It is famous and has evolved so much in its lifetime and continues to evolve and reinvent the wheel every time something change in society and behavior. The name is Dunkin Donuts, the famous donut joint that got rid of the donuts from its name and its menu recently in 2018. Let us see why they left the donut alone and moved on with the beverage rage in the world.

The Name
Rebranding
The shift to Beverages
Beverages Expansion
Evolution since Inception
Conclusion

The Name

Dunkin Donuts is a popular name, it is almost everywhere in the market these days. You go to a mall and you see DD, you go to a nearby market, and you see it there too. They are a fast food chain that primarily caters to its customers with donuts and supplement beverages. These beverages could include a range of options, from cold coffee to shakes to tea.

It took its steps in the market in 1948 and since then it is one of the most famous and most liked brands by foodies. Donuts were famous in the past as they were fast to prepare and eat. These were the most common breakfast around that time. War soldiers and when they returned to their homeland, were given these to quench their hunger. Slowly from that culture, donuts picked up and quickly moved to the general public and became a hit breakfast. This fashion in breakfast habits turned out a seed for ideating dunkin’ donuts into what it is today. Started by restaurateur William Rosenberg, it is today one of the most valuable fast food businesses with franchises that can be situated all over the world.

Starting from a humble donut and coffee on their menu they moved to more lines of business. Now they serve coffee, burgers, wraps, and everything in between. They have their game in and around 42 countries of the world, which is pretty insane. This is an example of business around the morning ritual of people who love their cup of coffee and any beverage that they could think of. Caffeine is fuel for many people and others just want to pour something into the neck, this is where Dunkin comes into the picture. A one-stop destination to quench every sort of thirst.

Rebranding

The starting was good but the late time was not so good. Dunkin saw some trends in the food market and the behavior of customers. This made them rethink some of their strategies, or even shift their entire focus to one or more lines of product. Let us see how they got to know the shift in preferences and later shifted to a whole new business sphere. This was considered one of the biggest business shifts in this line of business and Dunkin is applauded for the same.

Dunkin has always been about business and food combined. They know when something is not fit with food and behavior and then they change that. Starting in 2009, Dunkin noticed that the sales of donuts were repeatedly slowing down. On the other hand, the beverage side was getting heavier and heavier every day. This made them think about their strategies for the future. So they decided to put more weight on the beverages on their menu. That is what they did and saw great results. Let us see how much and how.

Over the year 2009 to 2019, Dunkin has gone through a lot of changes and branding, and rebranding. With all that rebranding, the food joint has been able to benefit and has incorporated more and more branches into its belt. With beverages at their side, They went from having 6000 stores to adding 3600 more branches to their franchise list. Thus, making them 9630 in 2019. Moving from all sorts of donuts and stuff to beverages mainly, This was not an easy shift to make but somehow the company took it. This was a slow and tedious process but what we see now is one of the biggest business moves that shifted the company from dying to flying numbers. Anything could go wrong but this move made billions not millions. Let us see how the shift actually happened and what were some of the reasons behind this shift in business.

The shift to Beverages

In the year 2018, Dunkin Donuts decided to drop the donut from its name and move on with beverages mainly and supremely. This move came after the fact that out of all the revenue, about 60% was coming from the beverages side of the total menu. This made them drop the donut in 2018. There were several reasons why beverages were becoming the new rage in the new century. Let us see some of the most noticed reasons –

First, Coffee – Coffee was all the rage (still is) at the time. The new generation is just some people with short attention spans running on less sleep. Which makes them people who would jump on caffeine to power them or fuel them. This fuel can most abundantly be found in coffee. Coffee is easily available, it is cheaper than others, and has fast and rapid consumption. This built-in coffee demand led to an increase in the Dunkin business of beverages. So people would just come and drive through with a coffee cup in their hands. Mornings are always like this for people in the operating areas of Dunkin. Thus, leaving or lessening donuts was probably the most straightforward way to look at this new trend.

Caffeine is Addictive – As this new beverage, coffee got to the taste of people, they all got addictive. Caffeine is the prime ingredient in coffee and it is not some surprise that it is addictive. As more and more people got the hit of caffeine, that became an addictive habit.

Consumer Habits – This was the time when Starbucks was expanding its business operations all over. The coffee business is a habit business and Starbucks was building customer buds for a long time now. Dunkin really thought to benefit from this effect in the market and tried selling cheaper expressions to the public. With advancements in its beverage menu, it provided more and more beverages to its customers to build a habit in them to ditch Starbucks and eventually save some bucks.

Beverages Expansion

Dunkin knew that about sixty percent of its revenue comes from selling beverages. These were fast and easily made donuts, so they thought about getting rid of the donut and continuing with the beverages section. Over the next few years from 2009, they built more and more beverages to cater to its customers. This was also an effect of fighting with Starbucks and lurking customers from their side. In those years, they introduced many drinks and beverages that were cheaper and better than Starbucks. This move also proved to be beneficial later as people would like to come and go take a beverage. It is fast and you could get it on the go.

Evolution since Inception

Donuts were the prime show stopper for Dunkin Donuts since the inception of the store in 1948. Dunkin was started by William Rosenberg. Rosenberg was a restaurateur and wanted to start a chain of stores for something that is fast and can be easily eaten. Not a fine dining restaurant but a quick meal sort of place. Thus, came the idea of Dunkin Donuts. It was a store made for donuts and beverages like tea and coffee. The name comes from the fact that people used to dunk donuts into tea and other beverages before putting them in their mouths. So the name stuck and it became ‘Dunkin Donuts’

After the inception of donuts, they grew, as people wanted those quick meals a lot. It was good for the business until it was not. Eventually, they got to know that beverages were more famous than donuts and could easily influence sales for them in the future. So they decided to drop the donuts and move to beverages. Moreover, they increased the offerings on their menu and provided their customers with more flavors and tastes to choose from. This was a good move and was responsible for the multifold growth of the franchise. It was fast to take, easy to carry around and it just stuck with people. This rebranding helped them move from having 6000 stores to having 9630 stores in 2019. Which is pretty much good growth.
Then came the covid 19. The virus attack in 2019 halted everything all over the world. Every business was affected and Dunkin too had some rough days. As people moved to a model of working from home, their breakfast habits changed. So, people began making breakfasts for themselves and stopped ordering the basic Dunkin order. As this picked up later in the year, Dunkin reported a cut in sales and revenue. This was a clear effect of the coronavirus pandemic. As the virus changed eating habits, new habits were formed too. Like that of evening snacking.

Evening snacks which were not mostly covered by Dunkin, they now got involved. Soon after the pandemic and even towards the end of the pandemic, markets faced something. People begin to order Dunkin ‘in the evenings. This proved good for the business but eventually faded away as old habits kicked back in. Soon people were back to the normal routine of having breakfast at the Dunkin.

Looking back we can track that Dunkin went from serving coffee and donuts in the 1950s to a big shift in menus. They moved to more and more beverages. They dropped donuts off the name and also the menu. They moved to the beverage market and then started to control and dominate the market in that sphere. In a report by NPD, it was reported that Dunkin’s share of the coffee market was a whopping 58%. On the other hand, other brands like Starbucks and everybody else had a combined share of 42%. This was the effect of Dunkin’s focusing on only beverages and making them their specialties.

With advancements in business etiquette, they were also faced with franchising opportunities. They had a lot of deals and people wanted to start a Dunkin for the return on investment. So they were flooded with franchises.
With all these rebrandings that took from 2009 to the year 2019, they went from having 6000 stores to more than 9650 stores. Their share in the beverages market grew from 60% to 70%. They were the topmost coffee sellers in the year 2011 in the whole country. In 2011 they had about 6800 locations which were focussing on beverages and breakfast like that.

Conclusion

A famous name in the fast food chain market, Dunkin made its appearance in the markets in 1948. William Rosenberg, who was the founder of Dunkin Donuts, thought of starting something which catered to quick customers. Something that was not a fine restaurant but more of a breakfast option for the consumers. That was how the company was born.

Since its inception, it went on a ride to change and edit and re-edit its menu and business strategies. They went from selling donuts with coffee in the 1950s to focusing more on beverages. Then they left the donut alone and cut it out from their name in 2018. This was by far the best decision that Dunkin ever made since its inception. Moving into the beverage line, their profits and revenue multiplied. Their franchises rose by a significant number and their business got through the roof. The reason is that coffee is love for people and caffeine is highly addictive. Also, Dunkin now not only serves coffee but a hundred more beverages and people love to drown themselves in choices. This single move to the line of beverages made this business a billion-dollar machine.

FAQs

Who owns Dunkin?

Dunkin is owned by Inspire Brands.

Who is the CEO of Dunkin?

David Hoffmann is the CEO of Dunkin.

Where is the headquarters of Dunkin?

The headquarter of Dunkin is in Massachusetts, United States.

December 23, 2022
Different Types of Franchise Business Models
A franchise can be defined as a license that is granted by a brand owner, known as the franchisor, to an individual or a corporate, known as a franchisee, to access business proprietary knowledge, process, and trademarks and to sell products or services under the brand name within a specified territory or region.

The franchisee gets access to a few things from the owner to conduct business.
- To operate under the franchisor’s brand name.
- Use of the franchisor’s trademarks.
- Operations Manual.
- Marketing support from the franchisor.
- Software and other operational requirements depending on the nature of the business.
- Relevant proprietary knowledge and materials.
How Does a Franchise Operate?
Types of Franchise Business Models
Company Owned Franchise Operated (COFO)
Franchise Owned Company Operated (FOCO)
Franchise Owned Franchise Operated (FOFO)
Hybrid Franchise Model

What is Franchising?

How Does a Franchise Operate?

Generally, a franchise business is fairly simple. A franchisee purchases a licence to operate a business using the franchisor’s proprietary knowledge, process, trademarks, and brand name. The licence cost depends upon the size of the business, its brand goodwill and the demand for its products. Apart from this initial investment, the franchisee is also required to pay an ongoing annual royalty, which is usually a certain percentage of annual gross sales.

The business processes and operations of a franchise are defined by the operations manual and is a part of the franchise contract. The franchisee is required to uphold the terms and conditions of the contract and maintain set standards of hygiene, quality, visual merchandising, products, pricing, offers, etc.

Types of Franchise Business Models

Examples of Different Types of Franchise Business Models

There are essentially three different types of franchise business models:
1. Company Owned Franchise Operated – COFO
2. Franchise Owned Company Operated – FOCO
3. Franchise Owned Franchise Operated – FOFO
The type of franchise model that a brand offers is dependent on the nature of the business. Of course, there are associated advantages and disadvantages of each one.

Company Owned Franchise Operated (COFO)

The company invests in the franchise business, which then runs it as per the guidelines issued by the company. This model of a franchise business is not very common, as companies that invest in expanding their operations through a franchise model usually prefer to operate it themselves. One example of a COFO business model is call centres that handle phone calls for the company.

Advantages of the COFO Model
- The operational expenses are borne by the company.
- The productivity and efficiency of employees is high as the outlet is managed by the entrepreneur.
- The company has the advantage of opening outlets where it is otherwise difficult to find franchisees.
Disadvantages of the COFO Model
- The customer experience is dependent on how the franchise chooses to manage its operations. It can harm the company’s goodwill if it is not managed properly.
- In the event of the franchisee exiting the contract, it can leave the company with no alternative.
Franchise Owned Company Operated (FOCO)

In this type of model, the franchisee owns the property and is responsible for all the resultant additional capital expenditure. The daily operations of the store or the outlet are managed by the franchisor. A prime example of this type of franchise model is Bistro 57.

Advantages of the FOCO Model
- The end customer experience is controlled by the company or the brand and hence better in quality.
- The expenses are well distributed as the company does not pay for the set-up expenses and the franchisee does not pay for the operational expenses.
Disadvantages of the FOCO Model
- It is not a suitable option for property owners who want to rent their properties.
- It is a continuous, collaborative business model, and the franchisee has no say in the day-to-day operations of the business.
Franchise Owned Franchise Operated (FOFO)

The term is self-explanatory in which the company allows the franchisee to use its brand name, process, and trademarks in its franchise outlet. The contract involves a non-refundable franchise fee and is for a pre-determined period, which can then be renewed. The product price is decided by the brand, and the franchise owner bears all the operational costs of the store. The franchisee is required to pay an annual royalty, which is essentially a percentage of the profits to the company. This is the most popular type of franchise model that is used in the market.

Advantages of the FOFO Model
- There is a wide variety of business and franchise opportunities available.
- A successful franchise operation translates into an excellent return on investment.
Disadvantages of the FOFO Model
- This model of the franchise has a higher percentage of failure in comparison to the others.
- The return on investment in this type of franchise model may not be very high due to the higher investments and fees.
Within the FOFO type of franchise business model, there are two variations –

Stock purchased by the Franchise

This Franchise Owned, Franchise Operated business model works with brands by purchasing the stock from the brand and then selling it to the end consumer. There might be a contractual clause between the parties to return a part of the unsold stock and purchase new stock.

Franchise Outlet Stocked by Brand

This franchise model, while being owned and operated by the franchise owner, receives stock on a consignment basis. The brand provides the merchandise as per their indent to ensure a correct representation of the stock in the franchisee outlet.

Steps to start franchise business

Franchising is the way ahead for most of the businesses. Franchise business grow faster than any other start-up as the starting up franchise is quite inexpensive.

StartupTalkyAditi Chawda

There is a fourth variation which is not really a franchise model but is called Company Owned Company Operated (COCO). Just as the name suggests, the store unit is owned and run by the brand. The outlet is entirely funded by the brand and run by the employees of the brand. Some examples of a COCO model are Reliance JioMart and Big Bazaar.

Advantages of COCO
- The brand earns and keeps the total profits as there are no channel partners to share.
- The company can expand into geographical locations where franchises are difficult to find.
- A COCO model allows the company to showcase its outlet and product range.
Disadvantages of COCO
- The only major disadvantage is that the company spends monetary and manpower resources on activities that are not its core business.
Hybrid Franchise Model

This is a relatively new concept within the parameters of the franchise business model. It combines physical and digital franchises where traditional enterprises are digitally turned into multi-functional hybrid franchise platforms.

This type of franchise gives the franchise owner scope of expansion while working within the concept and structure of a larger corporation. This business model can include running a brick-and-mortar store while also keeping an internet store and employing catalogue sales to generate orders via mail.

Conclusion

A franchise business model is a great option for a new and budding entrepreneur as the systems and operations are already set. The base platform is ready for the entrepreneur to then focus on expansion and building a customer base within their geographical boundaries.

FAQs

What is a franchise?

A franchise can be defined as a license that is granted by a brand owner to an individual or a corporate entity to access business proprietary knowledge, process, and trademarks and to sell products or services under the brand name within a specified territory or region.

What are different franchise business models?

Different franchise business models are:
- Company Owned Franchise Operated – COFO
- Franchise Owned Company Operated – FOCO
- Franchise Owned Franchise Operated – FOFO
- Company Owned Company Operated Model – COCO
- Hybrid Franchise Model
What is a hybrid franchise business model?

The hybrid franchise business model combines physical and digital franchises where traditional enterprises are digitally turned into multi-functional hybrid franchise platforms.
October 10, 2022
OYO Vs Airbnb – Competitors in Hospitality Industry of India

A traveller, a tourist and a first-time backpacker. These three have something in common despite their differences in experience. They all want a peaceful night to stay after having a long walk to someone’s dream place or to a normal visit or a trip. The business of giving people home or a place to stay dates back to AD 707.

The hospitality business is one of the indestructible industries wherein famous chains have generations of families leading, in particular, the empire built by people through hospitality. Hotels are the face of this industry. There are buildings that provide people with a place to stay with the utmost comfort. They make people feel cosy in corners not owned by them, yet have rights over them.

The hotel industry was once owned by the owners with no regulatory bodies on the top of their heads. They had their own business model. But the new generation turned the system into a marketplace that involved filters of the various layers. The whole system was immediately converted into a well-oiled machine. A new system that sided with the huge Indian population.

This huge system turnover was brought by a 22-year-old Indian Boy named Ritesh Agarwal.

Current Status of Hotel and Tourism Industry
OYO Vs Airbnb – Experience in Industry
OYO Vs Airbnb – Front-end
OYO Vs Airbnb – Places to Stay
OYO Vs Airbnb – Stay Duration
OYO Vs Airbnb – Business Model
OYO Vs Airbnb – Revenue Model
OYO Vs Airbnb – Customer Relationship Management (CRM)
OYO Vs Airbnb – Marketing Strategy
OYO Vs Airbnb – Social Media
Conclusion
FAQs

Which is better – Airbnb or OYO?

Current Status of Hotel and Tourism Industry

The Tourism and Hotel Industry in India is one of the main drivers of growth among the services sector of the country. The tourism industry in India has significant potential as it has rich & diverse culture, historical heritage, a vast range of ecology, and flora and fauna. Indian is known for its geographical diversity, attractive beaches throughout the coastline, 27 world heritage sites, 10 biogeographic zones, 80 national parks and more than 441 sanctuaries.

According to reports, over 39 million jobs were created in the tourism sector which equates to over 8% of the total employment in India. By 2029, the country’s tourism sector is expected to grow 6.7% to reach $488 billion, which will account for 9.2% of the country total economy. The industry has slowed down due to the Covid-19 pandemic in 2020 and 2021, as the country had many lockdowns and restrictions on travel.

As per the Federation of Hotel & Restaurant Association of India (FHRAI), the Indian hotel industry had a loss of approximately $17.82 billion in revenue due to the ongoing pandemic. Despite taking a hit, the industry is looking to come back up with the help of schemes and opportunities provided by the government. The Indian Government is providing free loans to the MSMEs to help them deal with the crisis and revive the tourism sector.

It is also planning to tap into a staycation, which is an emerging trend where people stay at luxurious hotels to revive themselves of stress in a peaceful getaway. With many upcoming developments, the international tourist arrivals are expected to reach 30.5 billion and generate revenue of over $59 billion by 2028. OYO and Airbnb have in many ways helped the industry grow especially in 2020 and 2021, as domestic tourists are expected to drive the growth post-pandemic.

OYO Vs Airbnb – Experience in Industry

Ritesh Agarwal, Founder & CEO of OYO Rooms

When it comes to trust, experienced companies are trusted more.

Ritesh Agarwal, the founder of OYO, formed the most famous chain of leased and franchised hotel chains. We Indians often refer to it as a place to look for the best deals for hotels, The Oyo Rooms. Oyo Rooms started 7 years ago with a bunch of hotels. The company has now expanded globally with thousands of hotels and vacation homes. Oyo Rooms was started in the year 2013.

Ritesh is the second youngest self-made billionaire in the world.

Airbnb’s Founders

Airbnb was conceived years ago by two roommates who rented out an air mattress in their living room. This turned their whole apartment into a bed and breakfast. This was done to sustain the high-priced living in San Francisco. This gave the company its name Airbedandbreakfast. Airbnb was started in 2008.

So the winner here is, Airbnb, which has a lot of experience.

Both the companies share a common goal, i.e. to provide accommodations, a safe place and comfortable corners to people. Yet both the companies have a very different working business model.

Oyo is often believed to be India’s answer to Airbnb. This article will take you through the different business models and things that are uncommon between the two companies.

OYO Vs Airbnb – Front-end

OYO Rooms

OYO, as people know, is a website where one can go through various filters and find a hotel. But this is the front-end of how the Oyo company is. Oyo is a marketplace for only hotels.

Airbnb

However, Airbnb is a marketplace that helps a traveller find an abode of his type. It can be for lodging, primarily homestays and homestays. It also lets the provider of the property fix a price. This helps both sides as well as Airbnb. The company has recently started offering experiences too.

This shows a more varied and real-world applied concept. So, Airbnb has a better front-end.

OYO Vs Airbnb – Places to Stay

OYO Online Booking

Oyo used to get hotels and book a majority of the rooms for a definite time. It then standardizes the room according to the Oyo standards. Later, list the hotels on its website with huge and heavy discounts. The whole business model used to work by acquiring clusters of hotels for a definite time. Standardizing them and making them proper before listing.

Airbnb Online Booking

Airbnb is based on the sharing economy. It makes owners share the property or rooms they own with travellers who in turn share money with the owners. It is believed to be the most successful business that works on sharing economy. A two-faced system that works for the public.

OYO Vs Airbnb – Stay Duration

Oyo works on hotel stays, so an individual can stay there for a good amount of time. Oyo rooms have no particular rule about leaving a room after a set date. The whole system is similar to how one can stay in a hotel. But in Airbnb, there is a 90-day rule. This rule was introduced in 2017. This rule is only for areas in London. The listings in that area cannot be occupied for more than 90 days.

This makes Airbnb not suitable for very long.

Oyo had 5,855 hotels in its network in the year 2016 with an inventory of over 68 thousand rooms. If compared to today it has a portfolio of more than 35 thousand hotels and 125 thousand vacation homes. It has over 1.2 million rooms across 80 countries and 800 cities.

But, the founder and CEO of Oyo – Ritesh Agarwal made an announcement in the year 2017 that the company had evolved its Oyo business model to 100% franchise, managing, or operating. He also mentioned that his company would no longer go for hotel aggregation and will shift towards becoming a proper full-scale hospitality company. The CEO stated that this change in business model will reduce operational costs. Hence, improve service.

Trivago Business Model – How does Trivago makes money

Trivago is a German technology company that compares accommodation prices and offers. Lets understand its business model and how it makes money.

StartupTalkyAnamika Mahapatra

OYO Vs Airbnb – Business Model

Oyo changed its business model to the Franchise model in the year 2017. The company earlier used to take up some rooms on lease and would sell them to customers. This model involves partnering with many hotels and asking them to operate as a franchise. Then selling their rooms to all the customers at competitive prices.

Airbnb, known for not owning any of the properties. Yet known for having a business that does work on providing shelter. All the company does is providing a platform. A platform on which all the people can rent out properties they own or spare rooms to guests. The property prices are set by the owner themselves. But the company intervenes when it comes to the collection of money.

The Business model of Airbnb is a multi-sided marketplace that connects all the travellers with the host and experience providers. The company makes money from the fees that come from bookings from stays and experiences. Airbnb’s model is exponential when it comes to growth.

Airbnb has a better business model in terms of customer comfort and reach.

Airbnb’s business model is quite simple yet very innovative which often dubs it as the world’s fastest-growing travel site.

OYO: Growth | Acquisition | Challenges Faced by OYO Rooms

Ritesh Agarwal founded OYO in 2013. Read to know the insights of OYO Rooms, growth, expansion, and challenges faced by OYO Rooms.

StartupTalkyYash Gupta

OYO Vs Airbnb – Revenue Model

Oyo charges around 22% of commissions. This has to be paid every month by the hotels’ owners. However, commissions may vary as per the services and features offered. Oyo also charges a commission out of the room reservation fee according to their services chosen.

Airbnb makes all the money through commissions. It charges a 3% commission on every booking from hosts and between 6 – 12% from guests. Unlike Oyo, Airbnb takes reviews and feedback from both ends. Be it the host or the guest, this makes it a proper marketplace.

Airbnb seems to have an upper hand at everything, making it a proper place to visit before actually vising one.

MakeMyTrip Success Story – Founder | Business Model | Revenue

MakeMyTrip has established its dominance in the Indian travel-tech segment. Read on to know more about MakeMyTrip’s success story, business model, funding.

StartupTalkyShubham Kumar

OYO Vs Airbnb – Customer Relationship Management (CRM)

Customer Relationship Management (CRM) is a tool that lets a company store customer and prospect contact information. It also helps the company identify sales opportunities, record service issues, and manage marketing campaigns. Depending on what type of CRM a company has, they can get basic information about their prospective customer and interact with them. CRM helps the company in better analyzing and understanding their customers, which will help them offer better and more efficient customer service. Airbnb and OYO have very different CRM strategies.

CRM of OYO

The CRM that OYO uses is Blueshifts Programmatic CRM, which has helped the company to become a leader in 1:1 customer engagement across all marketing channels. With Blueshift’s precise recommendations and targeted triggers, OYO has been able to achieve 5X higher bookings from email and mobile channels. The company also has a mobile-first approach which has helped it to expand in over 500 cities across ten countries.

CRM of Airbnb

The CRM that Airbnb uses is Twilio, which helps connect with hosts. How it works is, when a traveller makes a reservation through Airbnb, the host has 32 hours to respond to a booking request and this is possible because of its CRM. There is systematic mobile communication between hosts and travellers using a text message. The host can also decide whether they want to accept or deny the customer. The company also uses Hootsuite social media management, which helps them monitor their follower’s growth and social CRM. The system also helps the company to find certain keywords that can eventually be used in campaigns.

OYO Vs Airbnb – Marketing Strategy

OYO – Marketing Strategy

Oyo is known to use the 360-degree marketing method as it implies having a presence on all forms of digital and traditional media. They also have their unique room strategy which helps in attracting more customers with lower room prices in comparison to the base price of the hotel. Besides that OYO has made many successful multimedia marketing campaigns such as #AurKyaChahiye. It also shares location-based posts, promotional posts, which helps people to browse destinations to travel, check for new offers & discounts and encourage them to book OYO.

Airbnb – Marketing Strategy

Airbnb on the other hand uses the marketing approach to building and maintaining a strong community among its users. It also mainly targets long term loyalty from both the guests and hosts. The main marketing strategy of the company is to take your business in front of your potential guest and turn them into bookers. The customers who previously enjoyed their stay with Airbnb places are sent an email encouraging them to list their own property. Airbnb India aims to make its guests feel welcome, its app did the same, as it has a unified interface on Android and iOS platforms.

OYO Vs Airbnb – Social Media

OYO on Social Media

Over the years the company has leveraged the power of social media as it has been able to retain its ranking and stay ahead of OYO competitors in the market. OYO currently has over 169k followers on Instagram and 65.4k followers on Twitter, with actor Sonu Sood as its current brand ambassador. On all the social media platforms, the company promotes itself as being a brand that offers two types of services which are promoting tourist spaces and a safe space to spend time with your loved ones in your own city. OYO also uploads many ad campaigns like ‘Fir Badhega India’ and ‘Sanitised Stays’ that helps in engaging with their customers especially during the COVID-19 pandemic.

Airbnb on Social Media

Airbnb has a different approach to social media marketing as it heavily relies on awareness generating strategy. The company also uses travel influencers to further promote the platform as it does its social media relies on user-generated content (UGC). So far the company has over 4.9 million followers on Instagram and 733k followers on Twitter. It also has over 6.3 million photos using #airbnb on Instagram which shows us how widespread the company is. Airbnb also heavily invests in video marketing as a part of telling its brand story, it currently has more than 500 videos generating over 100 million views on YouTube.

Conclusion

In a nutshell, Airbnb and Oyo share the same kind of services, i.e. hospitality service. Moreover, Airbnb is a website for people to list, find and rent lodging whereas Oyo is a chain of budget and premium rooms partnering with different hotels. Oyo is all about providing a customer experience within a stipulated budget range while Airbnb doesn’t control the customer experience as such.

FAQs

What is the difference between Airbnb and Oyo?

OYO has more hotel rooms whereas Airbnb has more residential plots. In Airbnb, the apartment may have been misinterpreted, not so in the case of OYO as an audit is done every week.

Are OYO Rooms similar to Airbnb?

OYO’s business model is kind of similar to that of Airbnb, i.e. they are an online aggregator of budget hotels. Bookings for these rooms would be made via the website and the mobile app of OYO Rooms. However, the main focus is always is the quality of service provided.

How to give your property to OYO Rooms?

For OYO Rooms registration, you can write an email to partner@oyorooms.com or give a call to this number +91 70530 70530.

Is OYO successful?

OYO Rooms has been one of the most successful startups in India being the country’s largest budget hotel chain. It focuses on standardizing the hotels in the non-branded hospitality sector.

Is Airbnb better than Oyo?

OYO is better in terms of privacy and security. OYO assures quality service while Airbnb doesn’t guarantee anything from their end.

December 21, 2021

Zostel – The one with the Flashback of Hostel memories

Do you enjoy traveling? Is your top priority safety and sanitation? You’ve found your ideal hotel, but is it out of your budget? In this scenario, you might consider staying in a Dharamshala, but their surroundings aren’t appealing. They do have a lot of rules so you may be wondering if it’s worth it to spend the money.

In light of this predicament, the concept of a “hostel for backpackers” was established. It’s similar to what we have currently in terms of hostels (assuming you are still in college and have come from outstation). There are shared rooms, a common dining room, and a variety of enjoyable activities and games with no or little constraints. In a nutshell, a youthful euphoria has persisted.

Solo travel and backpacking have become popular in this new era. We can now quickly learn about new places and obtain useful information by reading blogs or social media updates.

A startup called Zostel has a similar concept. It is the first hostel chain-based startup in India.

About Zostel
Zostel – Latest News
Zostel – History
Zostel – Mission and Vision
Zostel – Tagline and Logo
Zostel – Products and Services
Zostel – Business Model
Zostel – Revenue Model
Zostel – Challenges
Zostel – Funding
Zostel – What makes it unique?
Zostel – Competitors
FAQ

About Zostel

Zostel is like a hostel that provides a home environment with all of the necessary conveniences at an affordable price. Budget travelers, particularly those aged 18 to 40, can find safe, hygienic, and affordable lodging at Zostel.

They have air-conditioned dorms, both mixed and female-only, where rooms may be booked at a competitive price of 500 per night. It has an actual house with beds, a shared space with gaming, a spot for campfires, open mics, and other activities where they may socialize.

Every Zostel is unique since local aspects are taken into consideration when constructing the ideal city-centric Zostel. The founders have considered the importance of safety and comfort while attempting to maintain the vibe joyful and cool. Zostel seeks to deliver great enjoyment to travelers rather than just a place to sleep.

Startup Name	Zostel Hospitality Pvt. Ltd
Headquarter	Zostel HQ, 4th Floor, The Circle Work, Huda City
Centre, Gurgaon, India
Operating Status	Active
IPO Status	Private
Sector	Hostel, Tourism, Backpacker Tourism
Founders	Akhil Malik, Dharmveer Singh Chouhan, Paavan Nanda, Tarun Tiwari, Chetan Singh Chauhan, Siddharth Janghu, Abhishek Bhutra
Founded	2013
Total Funding	$1 Million
Last Funding Type	Venture – Series Unknown
Key People	Dharamveer Singh Chouhan (Chief Executive Officer), Aviral Gupta (Chief Strategy Officer), Chetan Singh Chahuhan (Chief Operating Officer)
Key Products	Zostel Hostels, Zostel Homes, Zostel Escape, Trusted by Zostel
Website	zostel.com

Zostel – Latest News

08 March 2021

Zostel, a hostel startup, alleges it has triumphed over OYO, however, the hospitality unicorn has denied such allegations, claiming that indeed Arbitration Tribunal has given Zostel no particular settlement in place of acquiring a stake in OYO.

3 October 2020

Zostel Hospitality Pvt. Ltd, which runs two franchises: Zo Rooms, an affordable hotel business, and Zostel, a travelers’ hostel network, has appealed to its clients to acquire INR 10 crore in fundraising at a pre-money worth of INR 75 crore. The startup has asked its clientele to become angel investors and contribute ranging from INR 5 lakh and INR 1 crore to the Zostel hostel brand.

10 August 2020

Zostel is investing heavily in local tourism, with plans to establish 500 more properties in the next two years. Zostel presently operates 60 hostels and guesthouses across the globe. The firm is soliciting funds from the market for Rs 10 crore.

Zostel – History

Whenever people from engineering and management backgrounds collaborate on any project, it leads to the greatest innovation of all time. Zostel, a hostel for backpackers was a huge success since most of us were waiting for this idea to be explored.

We’ve all seen the film “Queen” and agree that something similar should happen in our country. So, for you adventurous vacationers, Zostel provides the same thrilling experience.

On the occasion of Independence day 2013, Dharamveer Chauhan and his six buddies founded this exciting startup called “Zostel”. Their goal is to assist travelers to enjoy exploring Indian towns. It wasn’t just for backpackers, but also professionals and visitors. Seven pals came up with the idea of combining hostels and today’s Gen Z.

Zostel created homes with facilities and afterward equipped them to offer an atmosphere they have never been a part of with a limited budget of Rs 50 lakhs, participating in several B-school contests, and generating revenue through bootstrapping. Jodhpur developed the 1st Zostel, accompanied by Jaipur.

This company, which began with the hostel concept, is no longer limited to that notion but has evolved into a trailblazing travel solution company. It now operates in 37 cities across India and China, with over 200 hostels.

Zostel – Mission and Vision

The firm was established to encourage people to travel as a part of their lifestyle. They intend to contribute to the promotion of travel by building a reliable, enjoyable image and involving local people in the effort.

They strive for a basic, adaptable hotel and hostel brand with a great understanding of visitors, the latest trends, and the required confidence, that has garnered them an unconventional status in the travel sector.

With a simple approach, they hope to ensure that travelers simply pay for the features that they genuinely require and desire. They provide their clients with budget-friendly lodging in the heart of the city, with a strong emphasis on rates and comfort.

Zostel – Tagline and Logo

Zostel Logo

“Live it Now”, as the tagline suggests, Zostel is for intrepid adventurers. Throughout your stay, you will meet people who have had interesting and intriguing travel experiences.

During your trips, you seek peace. You get everything in one place, including well-furnished dorms, tasty foodstuffs, a private kitchen for cooking enthusiasts, game spaces, WIFI connectivity, and absolute coziness.

Zostel – Products

Allow me to describe their products to you:

Zostel Hostel

Zostel Hostel is the company’s main product. It may be found in most tourist destinations. Initially, the majority of Zostel’s properties were owned by the company. Then it devised a franchising strategy.

Zostel X

It is a service that allows you to stay in a private home. Instead of being in the heart of the city, they are found on the outskirts. It is mostly suitable for groups of visitors or families. It is a privately owned property that is rented out.

Zostel Escape

It was created to provide guests with authentic local services. Only locals provide the services, allowing travelers to go beyond the typical tourist attractions.

Zozo Bus: Zostel provides a Zozo bus service, which allows travelers to travel on a budget. It’s a 12- or 13-seater bus that brings you to pre-determined destinations.

OTA (Trusted by Zostel): As a brand, Zostel has consistently provided excellent service to its visitors, making it a reliable location to stay. Inquiries are coming in from places where Zostel does not have a hostel. In situations like these, Zostel has partnerships with local hostels, allowing it to provide OTA services.

Zo rooms: Zo Rooms is a Zostel subsidiary. Its like OYO, a hotel aggregator.

Zostel – Business Model

You may have heard about Zostel’s services, but its primary business model is franchise-based. Zostel came up with a unique project to assist and inspire imaginative minds who aspire to be entrepreneurs and escape from the chains of mundane existence.

Zostel will guide you in the process of opening your own Zostel at a place of your preference through this project. The choice of location and the ideal property to operate is based on your skills, belief, and viability. Zostel will help you with the setup, branding, marketing, and operations aspects of your franchise.

Based on the value of the building, the location, and your accord with the landlord, your Zostel franchise might cost roughly 30 lakh rupees. It will not be funded by Zostel but the periodic monetary incentive will be provided based on the performance of your Zostel compared to others.

Traveling is a kind of relaxation for all of us. But the fear of staying in filthy rooms makes our trip a bit less fun. Considering that, Zostel wanted to change the way we Indians have traveled and it has made its goal to deliver the best services throughout our staycation. They’ve done so by forming a powerful network of backpackers and entrepreneurs capable of ushering in a change.

In 2019, Zostel offered OTA, which allows them to earn a fee of 10% to 15% on each transaction. Both Zo rooms and Zostel work on a commission basis.

Zostel – Revenue Model

Franchise Fees

This is usually paid in one single payment after the franchise contract is signed. INR 2,00,000, including taxes, is charged by Zostel. Their commissions and monthly fees begin once the business is fully operational.

Depending on the operational ranking, they charge a flexible fee of 18-24 percent of the lodging income. They also don’t charge fees on meal and refreshment revenues or any other supplementary income of the business.

Royalty Fees

In certain franchises, the franchisor offers a franchisee special power to sell the firm’s merchandise locally in exchange for royalties. These royalties are usually calculated annually or quarterly as a proportion of the franchisee’s gross sales revenue. This recurring fee allows Zostel to offset the expenses of continuous benefits offered to its franchisees while still generating a return from its operations.

Site Assistance Fees

Site assistance fees, also known as a set-up charges, are charged to the franchisee by the franchisor, Zostel, for assistance in locating and establishing a crucial site. They provide some support in venue selection and formation, but the franchisee is normally in charge of the ultimate choice, which is up to the permission of the parent firm. They opt to reimburse these expenses as part of the franchise fee.

Ongoing Services

Zostel offers assistance to its franchisees, such as staffing a service center for scheduling bookings and building and operating an app that can be utilized to improve efficiency at all franchisees. For them, it serves as a supplementary income source.

Marketing

To reach a wider audience and assist each franchisee in becoming more profitable, Zostel invests in domestic or foreign promotional activities. As a result, profitability is increased and more funds are allocated to royalties.

Zostel – Challenges

Controversial journey

When Zostel introduced Zo Rooms, hotel aggregator company OYO rooms filed a lawsuit accusing Zostel of deception i.e. data theft. OYO took the case to court, which was soon resolved.

Following that, OYO rooms were in talks to acquire Zo rooms. OYO spent a long period looking into the documents of Zo rooms for acquisition purposes but ultimately opted not to buy them.

In return, Zo rooms filed a data theft lawsuit against OYO rooms, believing that OYO may utilize their information in the future. This acquisition battle went for 3 years and eventually, Zo rooms claimed victory over that.

Vulnerable industry

Zostel is entirely devoted to tourism. Micro and macro incidents have the greatest impact on the tourism business. Take, for example, the pandemic that wreaked havoc on the tourism economy. As a result, Zostel’s vulnerability will always be a challenge.

The mentality of people

Since Zostel provides cheap accommodation, people might think their services might be poor as well. The traditional concept of hostels being mostly for students hasn’t changed yet so it might take a while for people to get acquainted with this new idea.

Zostel – Funding

Zostel received $1 million in funding in 2014. Recently, funds were raised on 25th July 2018 in a Venture series unknown round. Zostel’s recent investors are Orios Venture Partners and Presha Paragraph.

Date	Stage	Amount	Lead Investor
May 13, 2014	Venture Round	$1M	Presha Pargash
July 25, 2018	Venture Round		Orios Venture Partners

Zostel – What makes it unique?

The services offered by Zostel are similar to those offered by hotels, yet the experience is unique. In hotels, you may not have the opportunity to interact with other visitors, but at Zostel, rooms are shared, so you may connect with your roomies and learn more about their adventure.

The majority of Zostel’s are set up in natural settings. In this sort of environment, tourists feel more at ease and may openly converse.

So, the ultimate goal is to connect more individuals and provide them a memorable experience while staying within their comfort bubble.

Zostel – Competitors

Traditional low-cost hotels have long been a threat to Zostel, but the number of local hostels and homestays is fast growing. In India, there are over ten hostel chains with a national presence, posing a direct threat to Zostel.

The top 2 competitors of Zostel are:

Backpacker Panda

Backpacker Panda is a young, energetic firm with a vision of becoming a data-driven firm and revolutionizing the way Indians travel. The hostel brand has eight zones all over India, and its mantra of hygiene is often kept in mind.

Roadhouse hostel

Ambarish Raghuvanshi established it in November 2014. It operates in India from five different locations.

Final thoughts

In India, Zostel pioneered the backpacker hostel lifestyle. Zostel became a popular alternative for backpackers due to its unique strategy and high-quality services. Zostel’s services and experiences are unrivaled in their magnificent settings. As a result, they are a well-known hostel chain among travelers in India.

FAQ

What is the concept of Zostel?

The concept of a Zostel is that its is a hostel for backpackers. In Zostel there are shared rooms a common dining room, and a variety of enjoyable activities.

Who is the founder of Zostel?

Akhil Malik, Dharmveer Singh Chouhan, Paavan Nanda, Tarun Tiwari, Chetan Singh Chauhan, Siddharth Janghu, Abhishek Bhutra are the founders of Zostel.

Did Oyo acquire Zostel?

No, Oyo was in talks to acquire Zostel but later opted not to acquire them.

September 4, 2021

Top 5 Most Profitable Franchise opportunities in Mumbai

When starting a business, several things cross your mind. It could be very tacky and an uphill battle but, when it gears up and the business model succeeds, it could be very rewarding and pays pretty well. That’s why most of the time, entrepreneurs move towards the direction of buying a franchise model to make it more fascinating and the great success of fulfilling their dreams.

Buying a franchise brings a lot of pressure as well as enthusiasm. It requires a proven business model and absolute work practices and experiences for the investment into a successful franchise, especially in Mumbai. Mumbai holds a huge category of business franchises that would be very beneficial to kickstart your business.

Phixman
KFC
Giani’s
Me n Moms
Frozen Bottle
FAQ

Profitable Franchise to apply for:

Franchise	Application	Category
7th Heaven	Apply Here	Bakery & Cafe
Biggies Burger	Apply Here	Burger Chain
Chicago Pizza	Apply Here	Pizza Chain
Let’s Transform Salon	Apply Here	Beauty & Wellness
Meatwale	Apply Here	Food & Services
Frozen Bottle	Apply Here	Beverages & Cafe
Moti Mahal	Apply Here	Restaurant
Pepperfry	Apply Here	Furniture

What is Franchise Business?

Franchise Business is an absolute business model where you own the authority and right to use someone’s company’s brand name, business model and production for a certain signed period. In order to own a brand’s name, you have to invest a small capital and sign a deed along with all the verified terms and conditions.

When you are a fresher in the business field, franchise businesses are the right and precisely chosen for you. Because it brings the maximum chance of success as the brand has already built its name in the market and gathered several potential and promising customers across the country. Therefore, it would save tons of your money in advertising, marketing and digital branding.

In this article, we present to you some top business franchises in Mumbai, India. Stay tuned!

Phixman

Name	Phixman
Founded in	2013
Franchise Units	60+
Investment	10-20 Lac
Apply to Phixman Franchise	Click Here

Phixman is one of the profitable franchise in Mumbai that is available on digital platforms. It works for the development of repairing smartphones, laptops and tablets with advanced technology.

It offers the service of picking the damaged device and then delivering it after the repair in just a day. The online mobile devices repair industry is developing with exponential growth. That’s why investing in one as Phixman franchise is an absolute profit deal.

KFC

Name	KFC
Founded in	1952
Franchise Units	400+
Investment	1.5-2 Crore
Apply to KFC Franchise	Click Here

A very famous and loving food brand across the world, KFC is quite famous for its fried chicken. Also, it has several vegetarian recipes as well. In India, KFC has been remarkably famous for its services and catering to everyone including vegetarians. This makes it one of the most profitable food franchise businesses in India.

The minimal investment required of KFC is 1.5 to 2 Crore Rupees. The investment may seem pretty high and with this kind of business model and fame, the risk is absolutely low in starting a new fried chicken restaurant from nothing.

Giani’s

Name	Giani’s
Founded in	1956
Franchise Units	100+
Investment	10-15 Lac
Apply to Giani’s Franchise	Click Here

The very prominent ice cream brand, Giani’s is known for its delicious, 100% vegetarian ice cream, kulfi and falooda. Giani’s prioritize its consumers’ preferences the most and provide the best quality possible. It has progressed with great graphs and become a successful brand in India.

For entrepreneurs, Giani’s is one of the best possible business franchises with the basic requirements of 10-15 lakhs. It’s an amazing as well as a very affordable business opportunity. Giani’s has been serving with great quality and taste for more than 50 years. Therefore, it has gained some very promising customers. It’s a great start for entrepreneurs to gain success with their business.

Me n Moms

Name	Me n Moms
Founded in	1994
Franchise Units	100-200
Investment	30-50 Lac
Apply to Me n Moms Franchise	Click Here

Me n Moms is quite a famous one-stop-shop for the vast range of baby products available online in India. It looks after its customer’s absolute convenience, hassle-free and fun experience of shopping.

It provides a great category of baby products such as Baby Footwear, Bathing essentials, Diapers, oral and skincare for little ones, baby apparel, travel accessories, nursing essentials, maternity wears for mothers, toys and many more. It looks after the total comfort of the baby and mom both.

The investment for this franchise is around 30-40 Lakhs. It’s a very fun-loving business franchise that would bring great success. It’s a well-known brand and mostly preferred by every mother. Me n Mom is the leading baby product shopping website in India, especially Mumbai. It brings a great deal and very loyal customers.

Frozen Bottle

Name	Frozen Bottle
Founded in	2017
Franchise Units	50+
Investment	20-30 Lac
Apply to Frozen Bottle Franchise	Click Here

Frozen Bottle, known for its extremely incredible premium thick shakes. It provides the best quality of shakes around Mumbai and also, other states where it’s franchises are established. It is quite famous for serving the excellent quality of milkshakes and custom-made cakes along with its jars.

Frozen Bottle offers several training and learning programs to their franchise outlets to make it as incredible and fine as the original one. Frozen Bottle has been running for several franchises in different parts of Mumbai and they have been proven very successful.

Its investment would cost up to 20-30 Lakhs approximately. For young entrepreneurs, Frozen Bottle is a great business franchise deal to make their success in a very short period. It provides great sustaining quality of shakes and has a great number of promising and potential customers. Frozen Bottle is a well-known brand and absolutely low-risk business.

FAQ

Which franchise is best in Mumbai?

KFC is one of the most profitable franchise in Mumbai.

What is the cheapest franchise to start in Mumbai?

Giani is one of most low cost franchise to start in Mumbai with basic investment of 10-15 lakhs.

Are franchises a good investment?

If you want to own a business, but don’t have an idea to build it from scratch, a franchise can be a great option.

Conclusion

Business franchises are a great way to gain success in the marketing business. It serves the customer with the value of a promising product. Initiating any business could be very tacky as it requires non-distributive attention and certain investment in advertising, marketing, digital branding and many more such tasks. This requires a lot of time and the success rate is also low.

Therefore, a business franchise acts best in this and Mumbai is a great place to start your own franchise. It has already built a well-known name in the market and potentially loyal customers as well and the success rate is quite high.

May 19, 2021

Top 9 Gym Franchises in India

Today, everyone has become conscious about their health and fitness. People are spending more money and time on fitness training, supplements, and gyms. The largest population of today’s Indians is youth and they are obsessing over fitness and health.

For this generation and the upcoming generation, looks and body matter a lot. Earlier, people don’t pay this much attention to your looks or fitness. They preferred simple living but, now, things have changed and the youth is shifting towards the fitness and wellness world.

They tend to look good and feel good. For these, they buy supplements, follow different diets, healthy eating and most importantly join gyms. Gyms have become a trend and to become healthy, people prefer to join a gym. Spokespersons, actors, models, and business persons are often seen in the gym as their first-morning task.

If you are looking to buy any franchise, you must prefer a gym franchise. A gym franchise is the most effective business move, especially in India. The enthusiasm and devotion of people towards gyms have become a real goal for this generation. Also, gym voting rights have been revoked and increased in number.

Today, in India, several tops notch gym franchises are available. Through this article, let’s get started with your tour of India’s top-notch Gym Franchise.

Profitable Franchise to apply for:

Franchise	Application	Category
7th Heaven	Apply Here	Bakery & Cafe
Biggies Burger	Apply Here	Burger Chain
Chicago Pizza	Apply Here	Pizza Chain
Let’s Transform Salon	Apply Here	Beauty & Wellness
Meatwale	Apply Here	Food & Services
Frozen Bottle	Apply Here	Beverages & Cafe
Moti Mahal	Apply Here	Restaurant
Pepperfry	Apply Here	Furniture

Body Building India
Talwalkars Gym
Fitness First
Fitness One/Pink
Gold’s Gym
Sports Fit
Chisel Gym Franchise
Fitness Fusion- The Pilates Studio
Vivafit
FAQ

Body Building India

Name	Body Building India
Founded in	2015
Franchise Units	10-20
Investment	INR 15-17 Lakh
Apply to Body Building’s Franchise	Click Here

Body Building India is generally known as BBI. It is a prominent Delhi-based company owned by BBI Fitness Services Pvt Ltd. BBI looks after your health and fitness with the latest methodologies such as training methods, events based on bodybuilding, free nutrition and supplements to its customers, and basic essential education on fitness.

BBI franchise is a very promising gym in India. To buy its franchise you need to require 1500-30000 sq ft of space or land. It demands up to 15-17 lakh capacity of investment in the startup. But, once done it becomes absolutely worth it.

Talwalkars Gym

Name	Talwalkars Gym
Founded in	1932
Franchise Units	20+
Investment	INR 1-2 Crore
Apply to Talwalkers Gym’s Franchise	Click Here

Talwalkars Gym is widely known as the largest fitness gym across India. Its franchises are established in 22 cities in this country. Talwalkars Gym requires the minimum land usage and space i.e., 2,500 sq ft.

It was initiated in the year 2003 and since then, it has developed a lot. Besides buying Talwalkars Gym’s franchise, you need to invest up to 1 crore to 2 crore rupees and gain ownership.

Fitness First

Name	Fitness First
Founded in	1993
Franchise Units	Less than 10
Investment	INR 5-10 Crore
Apply to Fitness First’s Franchise	Click Here

The International brand associated with fitness house includes more than 377 fitness first clubs across the world. It is still moving towards the development and establishment in other countries as well.

Fitness First brand looks after your health and wellness. It promotes and ascertains a fitness philosophy that works coordinately with state of art club design. Therefore, you focus majorly on your fitness both physical and mental, over anything. The investment required for this franchise is INR 5 to 10 cr.

Fitness One/Pink

Name	Fitness One/Pink
Founded in	2004
Franchise Units	30+
Investment	INR 35 Lakhs
Apply to Fitness One/Pink’s Franchise	Click Here

Fitness one/pink have initiated a major revolution in the southern part of India and established a call to script India’s Fitness Revolution. It has begun its journey towards other different regions.

Its franchise would lead it towards the expansion of its Revolutions. Pink in its brand promotes women. The investment in this brand is absolutely fulfilling and could bring great outcomes. The investment required is Rs. 35 Lakh and space required is sufficient to accommodate 600-1000 active members.

Gold’s Gym

Name	Gold’s Gym
Founded in	1965
Franchise Units	150+
Investment	INR 2.5 – 4 Crore
Apply to Gold’s Gym Franchise	Click Here

The very famous and premier fitness centre across the world established its headquarters in Dallas, United States. It is quite famous among regular city dwellers. The franchise of Gold’s Gym comes with great opportunities and experience for up to 30 years of building its name in the market and world.

When it comes to fitness, Gold’s Gym comes first in people’s mind. Its franchise cost is high but it’s named in the market and among the people is very prominent and essential. Golds Gym requires 5000 – 7000 sq. ft. of space and the investment required is 2.5 – 4 Crore.

Sports Fit

Name	Sports Fit
Founded in	2012
Franchise Units	NA
Investment	INR 50 Lakh – 1.25 Crore
Apply to Sports Fit’s Franchise	Click Here

Sports Fit is known for its passionate devotion of people towards culture and religious base, living a sedentary lifestyle. This brand offers plenty of services to its customers including a meal-diet plan and several other customized fitness solutions. It is established and initiated in Delhi and involved with Mahendra Singh Dhoni, the cricket icon.

Its franchise would be a great success for you. It requires around 3000-8000 sq ft of space or land. And requires investment up to 50 lakh to 1.25 crore rupees.

Chisel Gym Franchise

Name	Chisel Gym
Founded in	2014
Franchise Units	60
Investment	INR 1 – 3.5 Crore
Apply to Chisel Gym’s Franchise	Click Here

Chisel Gym Franchise is a very prominent brand that looks after your health, fitness and wellness. It is owned by Chisel Fitness LLP and established in Bangalore, India. When it comes to their franchise, they seek the right location to picture out their architecture, design and more. It is based on the Virat Kohli backed fitness startup and searching for the right company to offer their franchise.

To buy its Chisel Gym Franchise, you need to invest up to 1 crore to 3.5 crore rupees, based on their chosen level. It offers a partnership in business model and charges up to 25 to 35 lakhs rupees.

Fitness Fusion- The Pilates Studio

Name	Fitness Fusion- The Pilates Studio
Founded in	2000
Franchise Units	NA
Investment	INR 10-20 Lakhs
Apply to Fitness Fusion- The Pilates Studio’s Franchise	Click Here

Fitness Fusion was founded by the fitness expert, Dr Namita Agarwal and the company’s headquarters is established in New Delhi, India. It works for the well-being and fitness of all age groups. Fitness Fusion offers the complete training program for your comprehensive fitness that includes a dance hall, reception, meditation room, and fitness studio.

Fitness Fusion requires the basic investment of 10 to 20 lakh rupees which is an absolutely low-cost and profitable deal. For buying its franchise, you need to have up to 500-800 sq ft of space or land.

Vivafit

Name	Vivafit
Founded in	2002
Franchise Units	10+
Investment	INR 25-50 Lakhs
Apply to Vivafit’s Franchise	Click Here

The very distinguished brand that seeks the opportunity to love the living fit. Vivafit offers complete wellness, health and fitness to women only. It is a low-cost business franchise and a great opportunity for women.

It is a European-based fitness gym that assures for best weight loss results along with the proper nutrition to today’s women. It is a great deal and looks after their customers total wellness and health. Its franchise demands very little initiative and great results. The Area required for this Gym franchise is 1500 – 2000 Sq. Ft. and an investment of INR 25 – 50 Lakhs.

Conclusion

Fitness of body, as well as mind, is very essential among today’s generation. There is no loss in being fit and healthy. Franchises are the best way to encourage this. Gym franchises are extremely beneficial and incredible business, today. When you invest in the betterment of the people, you get great results. Promoting health and fitness is a step into this. Therefore, we presented you with the top gym franchises in India. Now, get started with your fitness initiative.

FAQ

How much does a gym franchise cost in India?

According to market analysis, a gym opening cost in India can range from anywhere between 5 lakh to 10 lakh rupees.

Why do gyms fail?

Most of the Gyms fail due to lack of proper implementation of sales and marketing strategies.

How much do Gold’s Gym owners make?

The average Gold’s Gym Salary for Manager Owners is $123,230 per year.

May 16, 2021

Top 10 School Franchise in India to Consider for Business

An ‘Edupreneur’ is an entrepreneur who runs a business in the education sector. Owning a franchise of a popular school can be a profitable business. To open a franchise, you must be qualified and meet all the requirements of the parent school. Requirements may include specific land areas, initial investment, or royalty fees. School franchises give great returns on investments if they’re set up well.

Profitable Franchise to apply for:

Franchise	Application	Category
7th Heaven	Apply Here	Bakery & Cafe
Biggies Burger	Apply Here	Burger Chain
Chicago Pizza	Apply Here	Pizza Chain
Let’s Transform Salon	Apply Here	Beauty & Wellness
Meatwale	Apply Here	Food & Services
Frozen Bottle	Apply Here	Beverages & Cafe
Moti Mahal	Apply Here	Restaurant
Pepperfry	Apply Here	Furniture

Trio World School
Homerton Grammar School
Educomp Schools
Kidzee
Mexus Education
Rockwell Educational Institutions
Exponential Learning
Arun Smart School
Sprouts Public School
Seth Anandram Jaipuria School
FAQ

Here’s a list of the Top 10 School Franchise in India:

Trio World School

Name	Trio World School
Founded in	2008
Franchise Launched in	2020
Franchise Units	Less than 10
Initial Investment	INR 5-7 Crore
Apply to Trio World School’s Franchise	Click Here

Trio world school is situated in Bangalore and said to be one of the best schools in the city. It is an ICSE affiliated school that’s also been chosen as Best School Brand by Economic Times. It offers a perfect mixture of academics and extra-curricular activities. One can fill up the franchise inquiry form available on the website. The major requirements include a land area of 2-4 acres.

Homerton Grammar School

Name	Homerton Grammar School
Founded in	1983
Franchise Launched in	2013
Franchise Units	NA
Initial Investment	INR 50 Lac – 1 Crore
Apply to Homerton Grammar School’s Franchise	Click Here

Homerton Grammar School focuses on creating worldly students. One of the key features of this school is that it is associated with UNESCO. It is a CBSE-affiliated school that focuses on the overall growth of students. This school is also associated with youth empowerment programs like ‘the Duke of Edinburgh’s Awards’, and, ‘The International awards for young people.

Educomp Schools

Name	Educomp Schools
Founded in	2007
Franchise Launched in	2010
Franchise Units	2
Initial Investment	INR 1-2 Crore
Apply to Educomp Schools’ Franchise	Click Here

Educomp is an education company that works to bring digital education to the classrooms. They teach with advanced technology and believe in leaving traditional methods behind. Its digital features include Educomp Smart class, Educomp 3D labs, Educomp Insight, and English mentor. They aim to create a vast fraternity of advanced schools that transform learning.

Kidzee

Name	Kidzee
Founded in	2003
Franchise Launched in	2003
Franchise Units	1000+
Initial Investment	INR 12-15 Lac
Apply to Kidzee’s Franchise	Click Here

Kidzee is one of the largest school chains in all of Asia. It has a school in more than 750+ cities. It’s a pre-school that focuses on both the physical and mental growth of young kids. Along with kids, it’s dedicated to improving the lives of people working in the institute.

They are willing to support the owners of the franchise in every way. Their main focus is maintaining the quality experience of kids that participate in their curriculum. Land requirement in 2000-400 sq. feet.

Mexus Education

Name	Mexus Education
Founded in	2008
Franchise Launched in	2010
Franchise Units	7
Initial Investment	INR 10-20 Lac
Apply to Mexus Education’s Franchise	Click Here

Mexus Education digitizes the whole education process. The classrooms are digital where students learn through videos and fun animation. With over 99 franchises all across the country, they are spreading their wings to reach new heights. They have labs that introduce kids to new-age technology and promote the DIY concept.

Rockwell Educational Institutions

Name	Rockwell Educational Institutions
Founded in	2009
Franchise Launched in	2017
Franchise Units	Less than 10
Initial Investment	INR 5-10 Crore
Apply to Rockwell Educational Institutions’ Franchise	Click Here

Rockwell Educational Institutions aims to provide a balance between academics and co-curricular activities. They have launched a franchise as they want to tackle the lack of good schools in the country.

Specific requirements include 3-5 acres of land for Rockwell International School with 1,20,000 sq. feet of the construction area. For Rockwell Public School, a 2-3 acres campus is required with 80,000 sq. feet of the construction area. For junior school, 2500-4000 sq. feet campus with a playing area is required.

Exponential Learning

Name	Exponential Learning
Founded in	2016
Franchise Launched in	2018
Franchise Units	Less than 10
Initial Investment	INR 10 Lac and above
Apply to Exponential Learning’s Franchise	Click Here

Exponential Learning is a non-govt organization that’s registered in Jaipur. It assists students for sciences Olympiad, board exams, and entrance exams for engineering and medical students.

Arun Smart School

Name	Arun Smart School
Founded in	2014
Franchise Launched in	2014
Franchise Units	100
Initial Investment	INR 2-5 Lac
Apply to Arun Smart School’s Franchise	Click Here

Arun Smart school is a well-reputed digital school that provides top-class education to the students. The institute is well supportive of its franchises. It’s looking for owners who can readily invest in the business. They are willing to provide team assistance, training, and expert guidance. They are actively looking to grow their institute in Odisha and other cities.

Sprouts Public School

Name	Sprouts Public School
Founded in	1994
Franchise Launched in	2012
Franchise Units	1
Initial Investment	INR 30-50 Lac
Apply to Sprouts Public School’s Franchise	Click Here

Sprouts aim at creating intelligent students who are tied to their cultural roots. They believe that the franchise owner shares the same belief. Their vision is to incorporate advanced knowledge into the minds of students so that they can work towards the betterment of the country.

Seth Anandram Jaipuria School

Name	Seth Anandram Jaipuria School
Founded in	1975
Franchise Launched in	2014
Franchise Units	10-20
Initial Investment	INR 5-10 Crore
Apply to Seth Anandram Jaipuria School’s Franchise	Click Here

The main aim of Seth Anandram Jaipuria School is to “Empower, Enthuse and Excel”. Seth Anandram has established many schools and colleges all over the country. It provides ICSE and ISC curriculum.

Conclusion

Getting a School franchise in India can give you fabulous returns. You must look into all factors like locality, expenditure of people in the locality and competitor schools where you’re planning to build the school.

Once you plan accordingly, you’re all set to make a profit and also educate.

FAQ

Is Play School a good business?

Starting a Play School Franchise in India is one the best business idea. This is business that can be started with a very low investment.

Are franchises a good investment?

A franchise can be a good choice if you want to own a business, but don’t have an idea to build from scratch.

May 9, 2021

Top Education Franchise In India Enlisted

Education franchise is one of the important parts of the franchise business. It also serves as a great opportunity to kick-start your own business. You can choose from the long list of education franchise available in India. The areas including pre-school franchise, playschool, day-care franchise, child care. Apart, they also function in the learning centre, training institute, grooming centre, IT Institutes, retail school, animation school, coaching classes, aviation academy, language centre, educational institute, recruitment service, customer services and so on.

Profitable Franchise to apply for:

Franchise	Application	Category
7th Heaven	Apply Here	Bakery & Cafe
Biggies Burger	Apply Here	Burger Chain
Chicago Pizza	Apply Here	Pizza Chain
Let’s Transform Salon	Apply Here	Beauty & Wellness
Meatwale	Apply Here	Food & Services
Frozen Bottle	Apply Here	Beverages & Cafe
Moti Mahal	Apply Here	Restaurant
Pepperfry	Apply Here	Furniture

Here we have enlisted a few such education franchises that serve in the top-most level in India. With the detailed information and right choice, you can select one from the list below. So, let’s find out the nooks and crannies of the top education franchise you can avail.

Action COACH

Company Name	Action COACH
Headquarter	New Delhi
Sector	Professional Training & Coaching
Founded	1993
Specialisation	coaching, business coach, mentoring, accountability coach, executive coaching, business coaching, business consultant, executive leadership coach, Business help, and Small business coaching
Investment	INR 10-30 Lac
Apply to Action Coach’s Franchise	Click Here

education franchise list in india_startuptalky — Action COACH

An award-winning business and executive education franchise in India is Action Coach. It has more than one thousand coaches in over 70 countries all around the globe. This institute was founded by Brad Sugars, who is an entrepreneur as well as a thought leader, in 1993.

IBT Institute Private Limited

Company Name	IBT Institute Private Limited
Headquarter	JALANDHAR, Punjab
Sector	Professional Training & Coaching
Founded	2009
Specialisation	Banking Exams Coaching, IBPS, Railway Entrance Exams, SSC CGL Exams Coaching, CPO Exams Training, and Competitive Exams Training
Investment	INR 2-5 Lac
Apply to IBT Institute’s Franchise	Click Here

India’s No.1 education franchise institute for Banking P.O, Clerical, SSC and a few other competitive exams coaching is IBT Institute Pvt. Ltd. This institute has successfully produced a set of excellent ranking candidates in the banking sector as well as in other competitive exams. The USP of this institute is their commitment until their students make a successful career.

Kumon India Educational Private Limited

Company Name	Kumon India Educational Private Limited
Headquarter	Hyderabad, Telangana
Sector	Education Management
Founded	2004
Specialisation	Research, development, and production of learning materials for math and reading, Publication of children’s books, picture books, and study-aid books, etc, Development and marketing of educational merchandise, including educational toys
Investment	INR 5-10 Lac
Apply to Kumon India Education Franchise	Click Here

education franchise startups in india_startuptalky — Kumon India Educational PVT. LTD.

Kumon India Educational Private Limited are a highly dedicated education franchise. It helps in pursuing the potential upto a great level of each student enrolled under them. the instructors provide high-quality guidance for their students. The students can learn to build self-esteem as well as develop the ability to take on every new challenge thrown at them.

Brain Checker Techno Services

Company Name	Brain Checker Techno Services
Headquarter	Nashik, Maharashtra
Sector	Education Management
Founded	2012
Specialisation	ADHD, Dyslexia, Dyscalculia, Stress, Impulsivity, Learning Disabilities, Reading Intervention Programs, Brain Development Programs, Educational Services, IQ Testing, Cognitive Brain Development, Psychology, Franchise, Psychometric Testing, Career Counseling, Learning Styles, Multiple Intelligences, Career Planning, Personality Assessment, and Occupational Evaluation
Investment	INR 2-5 Lac
Apply to Brain Checker Techno Services’ Franchise	Click Here

Brain Checker Techno Services claim to be ‘India’s Largest Career Counseling Company’. In 2014, this institute bagged the award, India’s Top 100 Debutant Company, by a coveted magazine. It helps in assisting students across the country in matching their aspirations with great capabilities that they possess.

UCMAS Abacus India

Company Name	UCMAS Abacus India
Headquarter	Vadodara, Gujarat
Sector	Education Management
Founded	1999
Specialisation	Superior brain health, improves our ability to think, concentrate, memory, motivate, learn, express, social skill, process information and multi-intelligence will excel
Investment	INR 50,000 – 2 Lac
Apply to UCMAS Abacus India’s Franchise	Click Here

education franchise list_startuptalky — UCMAS Abacus India

UCMAS Abacus India is a unique education franchise that talks about mental fitness, besides physical fitness. They believe in the notion of effective working over hard-working, as it helps in yielding better results in students.

Focal Point

Company Name	Focal Point
Headquarter	Bhubaneswar, Odisha
Sector	Professional Training & Coaching
Founded	1997
Specialisation	Business Coaching, Coaching, Business Consultant, Marketing and Management Consultant, Sales Training, Time Management, Public Speaking, Facilitation, Business Systems, Operations Improvement, Growth, Sales, Marketing, Management, HR, and Franchises for Sale
Investment	INR 2-5 Lac
Apply to Focal Point’s Franchise	Click Here

Focal Point, as an education franchise, provide business performance training. This program is exclusively designed for business owners and executives. This institute accomplishes its goals via one-on-one coaching. It also helps to be under an excellent environment of continuous learning, positive support as well as results-driven accountability.

Smart School Education Private Limited

Company Name	Smart School Education Private Limited
Headquarter	Noida, Uttar Pradesh
Sector	E-learning
Founded	2011
Specialisation	ICT based K-12 solution for Schools, Android based learning, and HTML5 services
Investment	INR 5-10 Lac
Apply to Smart School Education’s Franchise	Click Here

education franchise list 2020_startupatlky — Smart School

Smart School Education is India’s leading K-12 education company. This institute has been actively providing innovative solutions under K-12 education directed for various educational institutes across the globe. Besides India US, UK, Africa, Middle-east, Netherlands, Pakistan, Nepal, Bhutan, Singapore, Nigeria and Bangladesh.

Respond Right Education

Company Name	Respond Right Education
Headquarter	Mumbai, Maharashtra
Sector	Primary/Secondary Education
Founded	N/A
Specialisation	Alpha Wave Meditation, Energy Absorption Techniques, Photographic Memory, Speed Math, Musical Empathy, Audio Recognition, Ocular Movement Training, Mandala, Foreign Language
Investment	INR 5-10 Lac
Apply to Respond Right Education’s Franchise	Click Here

education franchise list 2020_startuptalky — Respond Right

With research for more than 30 years, carried out in Japan, Respond Right education has grown up to be the top education franchise in India. They provide education for children, who also gets to learn emotional intelligence and intellectual intelligence (EQ and IQ).

These are the list of education franchise working successfully across the country. All of them have specialisation in different fields. Try to select the one that suits your forte, wisely and get started.

November 13, 2020

Tag: franchise business

StartupTalky: What does The Detailing Mafia do, and what are the main services offered?

StartupTalky: Why did you choose the franchise business model? How has it contributed to your company’s growth and success?

StartupTalky: What is the process to become a franchise with The Detailing Mafia? What are the main requirements?

StartupTalky: What support and training do you provide to your franchisees?

Phase 1:

Phase 2:

Phase 3:

StartupTalky: How do you maintain consistent quality and service across all franchise locations?

StartupTalky: What marketing strategies do you use to promote your franchise brand?

StartupTalky: What makes The Detailing Mafia a profitable franchise business, and how do you help franchisees achieve profitability?

StartupTalky: What are some of the challenges you face while running your franchise business, and how do you handle them?

StartupTalky: What are your future plans for the growth and expansion of The Detailing Mafia franchise?

High Market Demand

Your Business Has a Proven Concept

It Offers Something Unique and Attractive

Standardisation and Systemisation Are in Place

Your Startup Can Offer Training and Support

Sufficient Resources to Support Expansion

Legal Considerations Are Clear

Summary

The Name

Rebranding

The shift to Beverages

Beverages Expansion

Evolution since Inception

Conclusion

FAQs

Who owns Dunkin?

Who is the CEO of Dunkin?

Where is the headquarters of Dunkin?

How Does a Franchise Operate?

Types of Franchise Business Models

Company Owned Franchise Operated (COFO)

Advantages of the COFO Model

Disadvantages of the COFO Model

Franchise Owned Company Operated (FOCO)

Advantages of the FOCO Model

Disadvantages of the FOCO Model

Franchise Owned Franchise Operated (FOFO)

Advantages of the FOFO Model

Disadvantages of the FOFO Model

Advantages of COCO

Disadvantages of COCO

Hybrid Franchise Model

Conclusion

FAQs

What is a franchise?

What are different franchise business models?

What is a hybrid franchise business model?

Current Status of Hotel and Tourism Industry

OYO Vs Airbnb – Experience in Industry

OYO Vs Airbnb – Front-end

OYO Vs Airbnb – Places to Stay

OYO Vs Airbnb – Stay Duration

OYO Vs Airbnb – Business Model

OYO Vs Airbnb – Revenue Model

OYO Vs Airbnb – Customer Relationship Management (CRM)

CRM of OYO

CRM of Airbnb

OYO Vs Airbnb – Marketing Strategy

OYO – Marketing Strategy

Airbnb – Marketing Strategy

OYO Vs Airbnb – Social Media

OYO on Social Media

Airbnb on Social Media

Conclusion

FAQs

What is the difference between Airbnb and Oyo?

Are OYO Rooms similar to Airbnb?

How to give your property to OYO Rooms?

Is OYO successful?

Is Airbnb better than Oyo?

About Zostel

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