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Nirek Academy

  • Area Req
    -
  • Investment Range
    Rs. 2lac - 5lac
  • Franchise Outlets
    2
Business Details
We are into Vedic Maths & Abacus Classes. Also into publications of Sulekhan Books in Marathi & English.

Investment Details

Commenced Operations

Operations Commenced On2006

Franchising / Distribution Commenced On2010

Franchise Details
Units

Area- NA -

Investment Rs. 2lac - 5lac

Franchise/Brand Fee - NA -

Royalty/Commission- NA -

Master / Multi Units

Region Wise

Investment Rs. 2lac - 5lac

Unit Fee - NA -

Master Fee - NA -

Commission - NA -

State Wise

Investment Rs. 5lac - 10lac

Unit/Brand Fee - NA -

Master/Brand Fee - NA -

Royalty/Commission - NA -

City Wise

Investment Rs. 50 K - 2lac

Unit/Brand Fee - NA -

Master/Brand Fee - NA -

Royalty/Commission - NA -

Expansion Locations
North

- NA -

South

- NA -

East

- NA -

West

Goa, Gujarat, Maharashtra, Rajasthan

Central

- NA -

Union Territories

- NA -

Franchise Details

Want to expandNationwide

Exclusive territorial rights to a unit franchise Yes

Performance guarantee to unit franchisee Yes

Anticipated percentage return on investment 40%

Likely pay back period of capital for a unit franchise 6 months

Other investment requirements - NA -

Property Details

Type of property required for this franchise opportunity - NA -

Floor area requirement - NA -

Preferred location of unit franchise outlet - NA -

Training Details

Detailed operating manuals for franchisees Yes

Franchisee training location Thane

Is field assistance available for franchisee? Yes

Expert guidance from Head Office to franchisee in opening the franchise Yes

Current IT systems will be included in the franchise No

Agreement & Term Details

Do you have a standard franchise agreement? Yes

How long is the franchise term for? 3 Year

Is the term renewable? Yes

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