How to Choose the Best Cafe Franchise Under 1 Lakh
Humsafar Chai & Coffee Franchise
– Define your long-term goals for the cafe business.– Assess your available capital and budget for the initial investment and ongoing expenses.
Understand Your Goals and Budget
– Explore online directories and franchise marketplaces.– Attend industry events and conferences to connect with potential franchisors.– Look for franchises that align with your interests and budget.
Research Franchise Opportunities
– Consider brand reputation, profitability, training and support, franchise fees, and territory rights.– Research the franchise's financial performance and customer satisfaction.
Evaluate Franchise Brands
– Conduct thorough due diligence by reviewing financial statements and legal documents.– Evaluate potential locations based on foot traffic, competition, and demographics.
Due Diligence and Site Selection
Negotiate the terms of the franchise agreement, including fees, royalties, territory rights, and support services.
Negotiate the Franchise Agreement
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