Marking the tremendous growth of Indian Retail Market and franchising opportunities, Great India Franchise Pvt ltd has come up with a unique concept of Online Franchising Portal called www.greatindaifranchise.com .
Online PR News – 26-August-2011 – – • A dedicated portal for all Franchisee related enquires
• Provides knowledge related to identifying new opportunities in finding the right franchisee
• Sharing the current franchisee trends and retail opportunities
26thAugust, 2011 New Delhi .Marking the tremendous growth of Indian Retail Market and franchising opportunities, Great India Franchise Pvt ltd has come up with a unique concept of Online Franchising Portal called www.greatindiafranchise.com. This portal contains all the information which requires when looking for franchisee options. The bulk of information on the website is focused on providing young entrepreneurs, the knowledge related to identifying new opportunities in finding the right franchisee, sharing their expansion plans and also the current franchisee trends. Apart from this information this portal also acts as bridge between the entrepreneur and the parent company, further helping the entrepreneurs in closing the franchisee deals.
Indian retail industry is growing like never before. With all the major business houses of the globe targeting one of the largest economies in the world; it is bound to happen, that the retail will boom. The Indian retail market, one of India's fastest growing industries has experiencing a steady growth. Studies conducted show an average increase of about 7% in terms of growth. Modern retail accounts for about 4 per cent of the total retail market in India. This share is expected to increase to about 15 -20 per cent with the entry of a number of corporate into the segment. Retail industry has seen an ever rising growth in the economy in all its sectors. Indian economy is booming and there is a huge potential in food, education and financial sector. Seeing the growth potential many young entrepreneurs want to join the brand wagon. Franchisee option is the best solution for those who are into moderate risk taking. The portal has team of experts who advice on everything from selecting the right franchisee, developing the business plan, sharing the best market practices, understanding the franchisee agreement to giving replies to all the queries which an entrepreneur can have during the entire franchisee selection process.
Mr. Gaurav Bharara, Managing Director of www.greatindiafranchise.com said, “We are pleased to introduce such a portal for general public. During my studies I found many young entrepreneurs who wanted to set up their own business but were unable to do so due to the lack of knowledge. Thus the idea clicked me of starting a portal where an entrepreneur can get all the solutions related to franchisee query. If needed we act as facilitator between the entrepreneur and the parent company to increase the franchisee setting up process.”
The greatest franchise advantage to a franchise owner is that it reduces risk of business failure. Because an ethical franchisor will have tried, tested and proven the business concept in the market place, most of the wrinkles will have been ironed out and the risks to the franchisee minimized. It is a well known fact that less than 7% of franchise owners fail within the first 3 years, as compared to over 90% of new business start ups.Franchising enables a small businessman to compete with a big business. Through franchising a franchisee can take advantage of the economies of scale. All franchisees acting together can buy more cheaply and on better terms than can an individual small business. Add to this the franchisor’s support and the franchisee should have a distinct advantage over any independent small business competitor. It also enables a franchisee to trade under a recognized brand.