Wal-Mart India's on Modernizing Supply Chains

Becoming an Entrepreneur

Franchising: Sporty Beans

Sporty Beans all set to spread its footprints through franchising:

Sporty Beans, a Pune-based sports program company has announced its expansion plans. At the 34th Edition of FRO EXPO 2011 at Chennai, the company announced its novel program that can be offered at preschools, daycare facilities, elementary schools, and parks/recreation departments. For this the company is looking for franchisees for setting up centers.

Sporty Beans is looking forward to signing up 50 centers in the next two years, each with average enrollment strength of 40-60 kids.

Currently, there is no such program in India which focuses on creatively engaging pre-school or primary school kids to sports and instills into them the basics of sports based activities.

For a Franchisee, Sporty Beans is a low investment and high return business model. Sporty Beans has entrusted Franchise India Brands Ltd with the vocation to develop the proposed business format.

Apart from being a high potential business, the sense of fulfilment that comes from making a positive impact on a kid's future is the most striking aspect of the Sporty Beans franchise opportunity.

Franchising: Landmark stores

Tata Trent’s Landmark stores plan franchise expansion

Today at 34^th FRO(Franchise and Retail Opportunity) Show in Chennai, Tata Trent owned Landmark Book and Gift stores announced their plans to franchise their stores. At present Landmark Group has 17 stores, with larger number of stores concentrated in Indian metros. The company has plans to expand in tier II and III cities via franchise route.  

Largely the franchise model would include  store size of 5,000 to 6,000 sq.ft and the store setup(fixtures) cost would  be in tune of Rs 65 to 75 lakh plus the cost of inventory. Here the company would have two business models; Outright purchase with buyback or consignment system, depending on the investment appetite of the investor. “Books, Gifts and Music/Movies is what the entrepreneur should identify with,” .

This is Tata Trent’s second format for which the company has opted for franchise route, first being Westside.