intrenation overview

Cairns plays host to a team of international ENACT Business Architects

Cairns played host to a team of international ENACT Business Architects recently, as they held their first ever annual conference at the Trade winds.

Mr. Trevor Holmes, Founder of the business consultancy franchise said “Business Architects are small to Medium business advisors and there is a new industry of these professionals appearing worldwide.”

ENACT Founder Mr. Holmes also turned on the Business Rescue Helpline that will provide local and other businesses throughout the country with immediate help with their businesses.

“I can really identify with Cairns businesses as they have to ride the waves of change in the economic climate, being from the Sunshine Coast which also has a high dependency upon Tourism, I know what that means in needing to hold onto your current customers while attempting to lure new customers from a fluctuating base” said Mr. Holmes.

Mr. Terry Thompson, local principal for the business consultancy franchise, has already seen an increase in inquiries to his Cairns Business Architect Agency since news of some of the best business developers in the world being in town this week.

“This happens once in a lifetime that some of the best business–builders in the world are together in one room, discussing how the international Small Business market will survive the current economic crisis and then propose in the future,” said Mr. Thompson.

“Business Architecture is not like traditional business coaching,” said Mr. Thompson, “Business Architecture is about redesigning the business to implement Structure, Systems and Measurement that sees the business stand and grow for years to come.

“You need to take a holistic approach to issues like the business having no direction, the staff being unmotivated, the business having no definable systems coupled with the sales and marketing not working. Traditionally, business coaching organizations only deal with one issue or other when building businesses, because they come from that background.”

ENACT Business Architects have worked with hundreds of businesses in Queensland alone to increase their profitability and secure their future, these businesses have created a clear vision of how to navigate through the tough times and even increase market share as their competitors falter and fall by the wayside

Written by Vikrant Chhabra

22, September 2009 16:20.

H&A READY FOR EXPANSION

A 100 percent subsidiary of Alok Industries, Alok Retail India, is all set for an expansion and is in talks with private equity firms to raise Rs 100-crore. The company is targeting to add 250-275 stores, mostly through the franchise route by this year end.

The company's retail chain, H&A, will expand its network by 250 stores by the end of this year by adding 25 properties every month. It presently has 120 stores running across the country. The company is also planning to make a foray into Kashmir as well as eastern states. By the next three years, Alok Retail India plans to open 1,000 stores as there is a huge demand for apparels in India.

According to www.franchiseneed.com H&A is expecting to garner a turnover of Rs 500-crore in the next three-years from its retail operations alone.

Written by Chirag Singh

22,September 2009 15:45

welspun expansion in retail market

WELSPUN – PLANNING TO INCREASE ITS RETAIL MARKET

The retail arm of Welspun India Ltd, Welspun Retail is planning to add 50 stores by the next financial year making its store tally to 250. This raise can be attributed to a demand revival for the company’s products this fiscal year. As told to Abha Garyali of FIHL, Welspun will open its stores mostly by the franchise route in the metro cities. The franchisees will be chosen on purely merit basis.

According to www.franchiseneed.com the firm would re-open around 10 stores that it had closed due to the economic downturn. Welspun Retail expects revenues to touch Rs1.2 billion by March 2010.

onida looking for channel partners

ONIDA – READY TO COVER INDIAN MARKET

Promoters of Onida, Mirc Electronics, plan to launch exclusive retail stores which will be both company-owned and franchise-operated. A few stores are to be opened by the end of this financial year and 10 - 12 are slated to open by the beginning of next year.

The company is opening a new plant in Roorkee in Uttar Pradesh next month as it has a lower market share in the north India as compared with the other regions. The new plant would start off with manufacturing of washing machines and later with other products. Onida’s product range includes television, washing machine, DVD players and microwaves. In order to highlight its other products, Onida is planning to launch a new brand campaign as it always was seen as a television brand so far. This would be started by the end of October.

According to www.franchiseneed.com this new brand campaign would highlight the thoughtfulness behind Onida's product features through the eyes of today's young couple. Mirc Electronics had a sales turnover of Rs 1600 crore in 2008-09 and is aiming for a 20-25 per cent growth in the current fiscal year, during which it had earmarked Rs 100 crore for ad campaign

Written by Chirag Singh

22, September 2009 15:15

reliance expansion in india

RELIANCE – READY FOR EXPANSION

The fully owned retailing arm of Reliance Communication, Reliance Web store is ready to resume its expansion strategy by taking the franchise route, after an interval of nearly two years.

Reliance web store is in the process of altering the existing stores into franchised stores. However, this model has been used for giving incentives to the employees rather than for cutting on capital costs. Therefore the company will continue to own or lease land and make substantial investments into the stores that they open. The capital for starting a store, without external facilities like connectivity, will be around Rs One crore.

According to www.franchiseneed.com the company has already started with its roll out strategy and has opened three out of its planned ten pilot stores. The stores, designed by the international design consultant Fitch, will continue to showcase the entire gamut of ADAG products. For example, they will also have shop-in-shop outlets of Bigflix and Reliance Money. The company aims to double the number of outlets to nearly 500 from the current 230 in the next five years

Written by Vikrant Chhabra.

22, September 2009 14:35

snap expansion in india

SNAP FITNESS – LEADING BRAND IN THE COUNTRY

The American fitness giant “Snap Fitness” is one of the fastest growing companies in the country. The company grew by 5900% between the period 2005 and 2008; having generated revenue of $31.7 million. Snap fitness is the world’s fastest growing fitness franchisers with such facilities as 24x7access to world standard cardio and fitness equipments. They offer a non-expensive solution to the fitness requirement of the consumers over the world and are very much present in the Indian market as well.

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According to the www.franchiseneed.com , there are 500+ franchise brands in India and the fitness segment contains over 20 players such as Gold’s, VLCC, Body care etc.

Presence of Snap Fitness in India poses a serious competition to other fitness companies because the facilities offered by it are simply superb.

Peter Tauton, the CEO of Snap fitness opines that since everybody likes to be fit always irrespective of whether it is recession or inflation. So the franchise of any fitness club is very profitable and more so if it is of Snap India…

“Our more than 400,000 satisfied members, combined with our triple-digit revenue growth, prove we're honed in to what consumers want and expect from their fitness program," Taunton added.

No wonder it has been ranked rank #1 on Franchise Market Magazine's Top 100 New Franchises and #3 among Entrepreneur Magazine's Top New Franchises. The Snap Fitness centers in India come under the purview of Force Fitness India Pvt. Ltd

A snap fitness franchise costs around Rs. 35 lacs to Rs 50 lacs. The franchisee is provided formal training for one week before being given the absolute charge of the franchise. The minimum term of the agreement is five years and the expected return on investment is minimum 35%.

Full marketing support to the franchisee is provided by the Snap Fitness and no specific qualifications are required of the franchise holder. Infact, in 70% cases the franchise holders are absentee owners/investors. Just make sure you have a space of about 1500sqm to 2000 sq ft in uptown area of the city

Written by Chirag Singh

22, September 2009 15:20

toon kids expansion plans

TOONKIDZ – AN NECESSITY FOR KIDZ

According to www.franchiseneed.com , there are 500+ Franchise Brands in India and the kids merchandise segment has over 50 players. Amongst these kids apparel industry in India is estimated at 28,800 crore and is annually growing @ 18%. The ToonKidz exploits this market segment by manufacturing clothing based on leading cartoon characters for both boys and girls. It has associations with leading animation channels like cartoon network and Pogo to use their animated cartoon characters.

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ToonKidz is a very famous name in the kids merchandise segment as well and sells other things in addition to clothes such as footwear, stationeries, PC games and any other item that kids will like and force their parents to buy. It is promoted by AR Knit Process and NF Retail and has an in-house manufacturing process, design and branding house. Till date it has been increasing its market presence with the help of LSF and MBO and few EBOs (Exclusive Brand Outlets) in the country. But now the firm is aiming at opening close to 200 EBOs in the country and some Middle-East countries and is looking Franchisees for the same.

The franchise process for ToonKidz is simple and effective. Any interested party with an investment capacity of 16 to 25 lacs and an idea of a prime market area of around 1000sqm in any A and B class city in India can apply for ToonKidz franchise. The firm undertakes the marketing and promotional processes for the existing and newly opened EBOs. The firm guarantees a minimum return of 18% to the franchise holder on the investment and it can go Upto 70%.

The ToonKidz franchise has a product line-up of 20 products, the highest any retail store for kids’ products in Asia has. So a Franchise license to sell the products of ToonKidz is very attractive and profitable. It also plans on launching a range of chocolates under its brand name by Christmas this year.

The ToonKidz franchise is based in Bangalore with its manufacturing division in tirupur, Tamil Nadu, India. It is headed by Mr. Venkat RV who is very positive about the success of franchise business of ToonKidz

Written by Chirag Singh

22, September 2009 14:50