Well if you have decided to start a business and you are taking a franchisee then it's cool. The reason is you are already buying a successful business model. But there are many fake companies also in India.
Key Considerations When Investing in a Laundry and Dry Cleaning Franchise
So what you should keep in mind while buying a laundry or dry cleaning business so here as five things.
1. Core Value: when I say core value I mean to say what support they are giving and what is the axis on which this laundry and dry cleaning business is revolving around, that is skilled labour class. How they are training them, do you have any institute, from where they are providing the labourers?
2. Support System: What I mean to say about the support system is what is there after sales support.
3. Franchisee Disclosure Agreement: Carefully read the Franchisee disclosure agreement when the signing of Franchisee, two things that you keep in mind while reading the FDA is there any right of renewal, after how many years the franchisee will be renewed, what is the franchisee will not work, what about the warranty and guarantee on the part of the company.
Must Read: Why Clean Craft Is The Best Laundry Franchise Choice In India In 2024?
4. Exclusive Territory Rights: Do consider that the company is giving you exclusive territory rights.
5. Model of Franchisee: In India, many franchisee models sell companies or sell franchisees. Please be aware of what model they are selling you, as sometimes a live laundromat is sold in the name of a live studio.
Frankly speaking, there is a graveyard in India with franchisee model-selling companies. The problem is the machine sellers or not dry cleaners have not to dry clean a single cloth. The software selling companies and franchisee model selling companies or not Dry Cleaners, as well as the Chemical selling companies, don't know anything about Laundry. Their main purpose is to sell their product irrespective of the fact that they don't know anything of ground reality because the laundry and dry cleaning sector is the most unorganized sector of India.
Franchisees from companies who are launderers and Dry Cleaners moreover, they are providing you with the right guidance.
Caution: Never judge a company by its number of franchisees.
