The provided information outlines the common requirements that our Sales Team may consider when evaluating potential franchisees. Additionally, it introduces specific franchise business requirements for Kornic Electro World Pvt. Ltd.

Common Franchisee Evaluation Criteria:

1. Financial Qualifications:

   • Franchisees are expected to meet specific financial criteria, including a minimum net worth and liquid assets, to ensure they have the necessary resources to support the franchise business.

2. Experience and Background:

   • Relevant industry experience or a background aligning with the franchise concept, such as management skills or industry knowledge, may be preferred by franchisors.

3. Business Plan:

   • Franchisees must submit a comprehensive business plan outlining strategies, goals, and financial projections. This plan helps assess the viability of the proposed operation.

4. Training and Support:

   • Franchisees are required to participate in the franchisor's training program to understand the franchise system, operations, and brand standards. Ongoing training and support may also be expected.

5. Legal and Regulatory Compliance:

   • Adherence to all applicable laws and regulations, including business licenses, permits, and zoning requirements, is crucial. Proof of compliance may be requested by franchisors.

6. Location and Site Selection:

   • Franchisors may have specific requirements for physical locations, including site selection, lease agreements, and property specifications. Guidance or approval for choosing the right location may be provided.

7. Franchise Fee and Royalties:

   • Franchisees typically pay an upfront franchise fee for acquiring rights and ongoing royalties or a percentage of sales to the franchisor. These financial obligations are outlined in the franchise agreement.

8. Franchise Agreement:

   • Franchisees review and sign a legally binding franchise agreement that governs the relationship between the franchisor and franchisee, outlining rights, responsibilities, and obligations.

Kornic Electro World Pvt. Ltd. Franchise Business Requirements:

• Area (sq.ft.): 200 to 1000 sqft

• Min. Investment: 2.5 to 5 Lac

• Company Support:

  • Staff Training
  • Staff Dress
  • Lead Generation
  • Indoor/Outdoor Advertisement
  • Interior of Store
  • POP Material
  • Demo Products of Solar

• Franchise ROI: 24% to 36% Yearly

• Note: Franchise fees are not charged; only setup costs will be incurred by the company.

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These specific requirements outline what Kornic Electro World Pvt. Ltd. expects from potential franchisees, providing a clear understanding of the commitment and support offered by the company.