Franchise

What should Franchisee put in over the years ?

Every Franchisee plays a key role building a bigger business…

How do you succeed making your Hobby Workspace Centre the most sought Activity Centre in your area ?

Here are a few helpful hints:

• Must visit the ‘Centre’ every day and stay in touch with key staff members.
• Must hire quality ‘Staffers’ to make the Centre a qualified success.
• Publicity and Promotion is the key to the success and establishment of your business. Unique ideas and material will be supplied.
• You cannot ‘save’ on promotion.
• Essential to plough back at least 20% of annual profits into the business to retain dynamism and leadership position.
• Must be in sync & committed to ‘brand’ philosophy / architecture / practices.
• Be ready to expand / grow with a dynamic thrust / commitment.
• Be alert / proactive / aware of competitor mindset / plans / promotions.

What happens after signing the franchise agreement till your opening date ?

• Once an agreement is signed the franchise attends a 2 day franchise orientation.
• Key operations dockets are handed to franchise.
• Franchise details are put up on www.hobbyworkspace.in
• Franchise appoints centre head and staff.
• Franchise sets a date for the launch and also selects a good chief guest.
• Franchise staff is trained for set up and launch.
• Franchise starts local publicity.
• Franchise fee structure is finalized.
• Franchise bank account is set up.
• Franchise keeps all printing material ready.
• Franchise starts admissions.
• Franchise staff is trained on curriculum and receives copies of all curriculum.
• Franchise receives Business Commencement Certificate from franchisor if centre and staff is ready.
• Franchise launches the centre.
• Franchise starts operations, orders admission kits.
• Franchise hand holding continues to ensure success of centre.
• Franchise is trained on all other programs that are revenue models of the brand.
• Franchise starts all other revenue models.
• Franchise is a HAPPY HOBBY success story

Requirements

Q. Will you help us in the recruitment of our faculty and their training?
A. Yes, we do help our partners in recruitment & training of the faculty & other key persons on a regular basis.

Q. Where is the training held?
A. Training is held at one of the many designated Hobby Workspace branches.

Q. How long is the franchise agreement valid for? Is it renewable?
A. The Franchise Agreement is valid for 20 years and can be subsequently renewed thereafter at zero renewal cost.

Q. After signing the agreement, how long does it take to start operations?
A. It usually varies between 15 – 45 days for infrastructure development and set up depending upon the proposed site.

Q. Would you provide specifications for building a Hobby Workspace franchise?
A. Yes we have certain guidelines for the infrastructure development of the Hobby Workspace centre.

Q. Would the company decide the fee charged for courses or I am free to decide on my own?
A. At Hobby Workspace, we believe in a standardised fee structure. A minimum and maximum price for each course is given to you beyond which you shall be restricted.

Q. Do you help in marketing?
A. Hobby Workspace is constantly engaged in brand building activities. We would be doing our marketing activities on a larger scale but the local activities need to be undertaken by the concerned franchise. We would definitely be there to guide you regarding what activities you should do in your area.

Q. Do you provide course materials for students?
A. No , we do not provide course materials. Each area has a local vendor who can provide materials to the students enrolling for courses at Hobby Workspace. Our courses do not include material cost. Only a list of materials required is to be given to students.

Q. Is it mandatory to purchase the assets from the company?
A. We would be giving you the list of assets that would be necessary to run the centre along with the list of vendors. You are free to source this assets from any your own vendor, without compromising the quality.

Q. Which age group do your courses cater to?
A. Be it a child, housewife or a corporate, our courses are developed in such a way that they cater to each and everyone.

Q. What is the ideal teacher to student ratio recommended?
A. The ideal teacher to students ratio is usually 1:8 or 1:10.

Q. How is the Return on Investment? When can I Break Even?
A. Hobby Workspace does not commit to any return on investment as is the market norm. What we can assure you is that since the set up costs are low, the centre would break even a lot faster and the return on investments would be considerably high.

Q. Will you provide help in finding suitable location to start the franchise?
A. Yes. Once you sign the agreement, our team will assist you in evaluating the market and identify an appropriate location for your school.

Q. How much working capital is required in addition to this?
A. The working capital amount will vary depending on each location.

Q. What are the types of fees involved in the Franchise?
A. You will need to pay a non-refundable Initial Franchise Fee at the beginning of the Franchise term. On a continuing basis, you will also be required to pay royalty fees that are a percentage of your sales turnover for that period on a monthly basis.

Q. What form of continuing operational guidance will I receive?
A. We have a support team to provide guidance and extend support to our business partners for infrastructure set up, class observations, curriculum implementation, quality checks and conducting training programs for teachers at regular intervals. We also have surprise visits by our directors to check whether the centre is performing in the right manner.

Q. Is Financing available?
A. We do not provide financing.

Q. How would the online admission process work?
A. When we receive an admission for you on our portal, we would be sharing the admission details with you. After successfully allocating the batch, the payment after deduction of Service Tax + Bank Charges + Royalty would be credited to your bank account within 7-10 working days.

Q. Do we need to open a bank account?
A. Our franchisees don’t need to open a bank account. They would only be required to have a personal bank account. They can take payments on the name of the company & the same would be transferred to them on their personal account within 48 hours.

Franchisee Form