Starting a business using Franchisee Route

Posts : 6 Reputation : 0 Join date : 2009-05-02

Just wondering if anyone out there choose instead of starting a biz from scratch opted for the franchise route instead? I am in process of start one on a franchise route so.....

Subject: Re: Starting a business using Franchisee Route Sat May 02, 2009 6:21 pm

So which one you starting? 7-eleven? Old Chang Kee? Cheers?
I know that you have to pay them for uniforms, plastic bags supplies and stuff. I personally would prefer to start a business of my own or with a friend.

Posts : 6 Reputation : 0 Join date : 2009-05-02

It is education franchise. You are right lots of things to pay for just wonder if anyone else is taking the Paid Mentor program Smile

. I would love to start from scratch too but concern on the chance of success as oppose to a proven business model

Well, on this forum, username "Ali" is the franchise guy. You can try and speak to him.

Franchising is a good alternative to starting a biz from scratch, because you have the proven business model to be assured of. Just be careful, because a new franchise is still a "start-up". There might still be some risks involved.

Posts : 15 Reputation : 1 Join date : 2009-05-05

Franchise business is good but start up capital may be high besides product choosen must saleable and the location of your stall is important.

Ya Kun coffee shop and some laska stall are franchise business and are doing well.

All the Best to your business.

Posts : 6 Reputation : 0 Join date : 2009-05-02

agree. one of those things in life. got idea no $$ or worst no idea no $$. In this case, if got some idea so might as well pay for a mentor and get the job done. If the franchise are reasonably profitable that is ok. Not in for the big bucks. Learn from this than perhaps start from scratch the next round. So far got to say the Sing market is just not to friendly to franchisee. Most looking to franchise out of Singapore the reason they give mostly is Sing too small.

Posts : 15 Reputation : 1 Join date : 2009-05-05

Start yr tution centre ( I am assuming )from home. Student pass rate, high score and good service will go a long way. When you u have more students then look into hiring good tutor to share the load.

Students' good results will automatically advertise for you.

Look at how Mindchamp does their promotion and others in education business.

Subject: Re: Starting a business using Franchisee Route Tue May 05, 2009 4:07 pm

I am trying to understand fully your business. Its some sort of tution centre which you have bought the franchise. Is that right?

This means that you need to rent a location to put your tution centre, correct? I think the hard part is getting the fees paid by your students to cover the costs such as the rent. But your franchisor should be able to help you with that, since he would share common goals with you.

Posts : 6 Reputation : 0 Join date : 2009-05-02

You are absolutely right. Just that not signed on the dotted line. But starting to look at location and boy the rent does not seem to be coming down and thought there is suppose to be a recession!! Smile

.

Haha, i guessed right.

Well, real estate prices lag roughly one year behind the stock market. So probably the rent prices will come down later on this year.

Think hard before you sign the dotted line my friend.

Posts : 6 Reputation : 0 Join date : 2009-05-02

For sure. Certainly will keep you guys posted. It will be an interesting ride.

Posts : 12 Reputation : 0 Join date : 2009-04-20

Hi BenJenJon,

it's Ali here, the franchise guy.

Perhaps you would be interested in what I have in hand for franchise.

Let me know how much budget you have so I can recommend something for you.

I can almost gurantee you that you can see better returns here than anywhere else.

Cheers Smile

Subject: Re: Starting a business using Franchisee Route Wed Jun 03, 2009 4:39 pm

Hi Ali,
do you have any frachise on ice-cream business?

Subject: Re: Starting a business using Franchisee Route Wed Jun 03, 2009 8:32 pm

BenJenJon wrote:: For sure. Certainly will keep you guys posted. It will be an interesting ride.

I look forward to hearing your business experience.

Posts : 12 Reputation : 0 Join date : 2009-04-20

esthersoh wrote:: Hi Ali,
do you have any frachise on ice-cream business?

Hi guys, yup I've one.

Let me know your budget.

It's damn good ice cream Smile

Call me at 8201 0451

Hi All,

Franchise Fair will be in October.

Just got this mailer:
http://enews.franchiselicenseasia.com/2009/eNews/august/mailer1-greenbook.html

Subject: Re: Starting a business using Franchisee Route Mon Aug 31, 2009 5:03 pm

I have yet to receive this email. However, it is increasingly unlikely that I will be able to attend.

Posts : 3 Reputation : 0 Join date : 2010-01-28

Hi All

Anyone have experience about 7-11 franchise.
I want to get it.
but I want to know more detail.

thanks

You can visit http://www.7-eleven.com.sg/franchise/ for more details. Sorry, I don't have experience in this...

Posts : 3 Reputation : 0 Join date : 2010-01-28

Thanks,
I already read that web page.
I want to know details. Because I heard that they keep all money and only give you month by month. How are they going to give and calculat profit? etc..

Regards

Subject: Re: Starting a business using Franchisee Route Fri Jan 29, 2010 9:45 pm

Hmm, you know, if your really interested, you should call them, or approach a quiet 7-11 by a corner and ask to see it's owner.

Keep on the lookout for someone already in the business.

May I ask why you want a franchise and not setup one from scratch? And why a 7-11 franchise and not another company's franchise?

Posts : 3 Reputation : 0 Join date : 2010-01-28

I want to setup but I don't have experience for business.
That is why I am thinking to do franchise.
And I found that 7-11 is quite ok for interms of customer.
Can you give me any advise for another compnay?
Thanks you in advance