Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities

Multiplying profits

By Feature Writer
Multiplying profits

With the rising acceptance of franchising model, a number of aspirants have come forward to start their own businesses. Kapil Prakash, Owner, NH-1 Factory Stores (Ambala-Delhi highway), shares the success story of his franchised outlet.

Ramanjit Kaur (RK): How does it feel to own multi brand outlets?

Kapil Prakash (KP): It is a very good experience. We are doing business from the last nine years. I entered into the franchising sector by taking up the franchise of Reebok and now I own other brands like Gini & Jony, Spykar, Numero Uno and many more. Overall, we are satisfied with the way our franchises are working and the way companies conduct their businesses. So, having a multi brand outlets is a very good experience.

RK: Do you believe that taking a franchise is a better option than starting a business from scratch?

KP: I would say that taking a franchise is the only option to start your business, especially when one wants to start a business with a renowned brand name. Moreover, every company is trying to open up exclusive outlets, which is done mostly through franchisees. So, I think it is a great model to start a business on your own.

RK: What inspired you to take the franchise of Reebok and other brands?

KP: We had never thought of entering into the retail sector. But when the company people approached me and they liked the location, then we also thought of going ahead with it. And it was a good decision and we took it at the right time.  Now we are operating multi brands profitably.

RK: What new initiatives and practices have you introduced in your multi-brand outlets?

KP: The main initiative that we have taken is regular stock which is very important for any kind of retail business. It is a necessity in order to ensure regular footfalls at the outlets and to avoid pilferage that can eat up your profit. If the pilferage is high then you may end up in losing money rather than earning profit. So, as a franchisee you need to keep a check on it to ensure smooth running of the franchise.

RK: What support does the franchisor provides you to efficiently run the franchised outlet?

KP: The franchisor provides us with all the necessary support. For instance, regular updates of the software. They also organise audit on yearly basis, which helps us a lot in improving our business manoeuvre. They keep us updated with the latest innovations in the retail segments.

RK: What are your future plans? Do you have plans to take up more outlets?

KP: We have plans to open more outlets in different locations within the vicinity of 70-80 kms of Ambala.

RK: Any advice for the aspiring franchisees?

KP: The aspiring franchisees should get into the franchising business through proper channel. They should do rigorous research of the company and the way business is operated. The decision should not be impulsive rather it should be given a deep thought before starting a franchise.

Comment
image
image
image
laloo kumaran : 05, Sep 2015 at 09:44 PM
I would like to start a recruitment agency.
Related opportunities
  • Furniture Works
    About Us: Stellar, a unit of Hi-Life Traders Pvt. Ltd, is..
    Locations looking for expansion West bengal
    Establishment year 1996
    Franchising Launch Date 2018
    Investment size Rs. 2lac - 5lac
    Space required 1400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Saltlake West bengal
  • Quick Service Restaurants
    About Us: Wrapss started in 2009 from Pusa road and over..
    Locations looking for expansion Delhi
    Establishment year 2009
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • Bakery & Confectionary
    About US:  Incorporated in 1991, Lucky’s Bakery & Patisserie, is a..
    Locations looking for expansion Delhi
    Establishment year 1991
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 125
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • Laundry & Dry Cleaning
    About Us: In the 60s, the textile care industry was made..
    Locations looking for expansion Maharashtra
    Establishment year 1968
    Franchising Launch Date 2013
    Investment size Rs. 20lac - 30lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts