After you know what a franchise business is and how easy and profitable it is, you will definitely want to own one. But choosing the type of franchise business which will suit the audience you are catering to is also very important.
Behind the success of the grocery4u store franchise lies Carefully taken decisions and an understanding of what the grocery franchise in India requires.
There are 4 types of models being majorly followed in India Based on the marketing and relationship models:
- Company-owned company operated (COCO)
- Company-owned franchise operated (COFO)
- Franchise owned company operated (FOCO)
- Franchise owned franchise operated (FOFO)
As their name explains these models are based on who is owning and who is operating the business. All of them have their pros and Cons. The COFO model is the most uncommon one because most businesses that invest in expanding their operation choose to do that by themselves. These were being followed earlier very commonly like in calls centres that handled calls on behalf of a company.
The FOFO model is the one being used the most in the marketplace. Here the franchise investor is the store’s owner, and the franchise must bear all operational costs. However, the franchise is required to pay the brand a percentage of income which is called a royalty.
Not every franchise business needs to be a grocery franchise in India. The major type of franchises based on the type of operations are discussed below:
- Job franchise
It is a home-based or a low-investment franchise taken by a single person. It is a small franchise business. These may include services like drain cleaning, shipping services, real estate services event planning etc.
- Distribution Franchise
These are based on supplier-dealer relationships. The franchisee distributes The franchisor’s products. It mainly deals with large products like cars, vending machines, appliances etc.
- Business format franchise
All the best supermarket franchise follow this model. When you plan on ordering any Grocery 4U from a chain like a big bazaar or grocery 4u store franchise, They are all following this model. The franchisee gets to use the franchiser’s trademark and also gets the entire system to operate the business and market the product or service by themselves.
- Investment franchise
These are typically large-scale businesses which require a big amount of investment. The franchisee usually invests the money and their management team and the franchiser operates the business to produce a return.
- Conversion franchise
It is a modified version of the pre-existing relationships. These systems grow by getting independent businesses in the same industry to convert into their franchise units. Some of the Grocery 4U franchise stores may have been acquired according to this model.
The Grocery 4U franchise is one of the upcoming best supermarket franchise in the country. And this is not just an assumption, the grocery 4 u review is solid proof for what we are claiming. So whenever you are thinking about ordering any item from Grocery 4U, just remember how people like you have recommended our franchise through the grocery 4 u review.
Learning from one of the best businesses in the sector will give you an upper hand over others. Knowing all pros and cons, any and every challenge you might have to face will make your process of owning a successful franchise business an easier one. We are here to help you through this transition. You can reach us through our website.
