francorp
Filed under: Business, Franchising | Tags: don boroian, francorp clients, francorp consulting, francorp international, how to franchise
Mumtaz Mahal Restaurant teams-up with Francorp to develop its full franchise development program
Press Release
21 June 2009
Mumtaz Mahal Restaurant has signed an agreement with the American based company Francorp through its Middle East regional office in Dubai. According to the agreement, Francorp will design and develop the full franchise program development for Mumtaz Mahal Restaurant, who plans to expand regionally through franchising.
Through this ambitious program, Mumtaz Mahal Restaurant plans to develop and prepare itself for regional expansion and open new branches to compete with multinational companies specialized in the authentic Indian fine dining cuisine. This step is taken after Mumtaz Mahal Restaurant’s successful 25-years experience in the local Omani market, where it has secured a considerable market share, acquired customer satisfaction for its quality products and services. The company is known in Muscat by offering high-quality food products with an unforgettable customer experience.
The agreement was signed between Rishi Khimji, Managing Director, Ajit Khimji GroupAjit Khimji Group, and Imad Charafeddine, Managing Partner at Francorp UAE – Middle East.
“Started in 1984, Mumtaz Mahal is an Indian specialty and fine dining restaurant which caters to all palate types – Indian, Western and local. Mumtaz Mahal is the landmark of Muscat and the best North Indian specialty restaurant around.
Truly Indian, the guests are entertained with live Indian band in the evenings. Mumtaz Mahal menu offers popular vegetarian and non vegetarian Mughlai dishes with consistent innovation in preparation of its dishes. The meals consist of starters, main courses and sweet dishes. The main restaurant is situated on a hilltop and offers a magnificent view of the cityscape and the sea. The interior of the restaurant has arches and motifs, typical of the Mughal era with a generous use of wood (Burma Teak) in the pillars, ceiling and arches. The floor is thickly carpeted and the central area of the restaurant has designated space for live music performances – vocal and instrumental”.
“We, at Francorp, are very delighted to see franchises expand in the region,” commented Imad Charafeddine. “Franchising is becoming a necessity for many local businesses aiming at achieving more business successes. It is observed that the awareness of the importance of franchising is increasing day by day. Successful local businesses started to realize its great benefits and the positive impact it has on their business development. Franchising is one of the most effective options which takes ambitious companies to new destinations and accelerate their expansion plans without their direct investment in developing new branches, especially from emerging markets such as the Middle East.”
“We are also pleased to add Mumtaz Mahal Restaurant to our successful client list and to offer them our franchise consultancy for their expansion program. This is due to their remarkable success as industry leaders in Muscat – Oman market, and now it is the opportunity to duplicate and clown their local success and know how to others. It is our commitment now to use our long experience to offer a comprehensive full franchising development program to Mumtaz Mahal Restaurant,” added Imad A. Charafeddine.
“We have teamed-up with the US-based Francorp, the leader in franchise development and consultation, because of their vast experience that goes back to 33 years and their track record in the development programs along with their experience in this region,” concluded Rishi Khimji of Ajit Khimji GroupAjit Khimji Group.
Francorp opened their office in Dubai and started their regional operation by offering professional commercial services throughout the Middle East. With their extensive experience, outstanding achievements and high quality services, Francorp became one of the largest leading international companies in franchise development and consultancy.
-Ends-
FOR MORE INFORMATION CONTACT:
Mr. Imad A. Charafeddine
Off: +9714 3297675
Email: Info@francorp.ae
imad@francorp.ae
Web: www.francorp.ae
Filed under: Business, Franchising | Tags: don boroian, Francorp, francorp client, francorp consulting, francorp seminar
Francorp offers franchise seminars for business owners to learn more and evaluate whether franchising is a good expansion vehicle for their particular company and business model. The Francorp seminar covers some of the following topics regarding franchise exansion:
Topics include:
* A review of the Federal and State laws that govern franchising
* The different types of franchise strategies available for expansion and choosing
the right one for your business
* Comparing the costs of relative growth strategies
* Various types of revenue streams created through franchising
* Estimated costs of franchising a business
* Calculating the returns on franchise development and support costs
* Criteria for determining whether your business is franchisable
* The differences between Franchising and Licensing and the common mistakes
companies make
* Organizational demands of franchising
* Choosing the right people for your franchise
* Marketing and Selling franchises
Here are some responses from business owners as to their thoughts and what the Francorp seminar experience was like:
“Francorp’s Franchise Your Business Seminar was the highlight of our two-years business existence. The speaker had a solid business’ perspective and grasp of business perpetual need to grow one way or the other. Case studies, eye opening statistics, and Wall Street lingo added color. He did a great job in articulating the relatively unknown fact that business legal documents, business models, operational systems, and product branding are far more important than the end-user product. The talk was concise and void of the typical motivational speaker’s childish theatrics.”
ONEXUM
Perry Korse
“Francorp’s Seminar was very informative and gave me lots to think about. The documentation provided proved to be very helpful. Thanks to Francorp for being so diligent in following up and letting me know about the seminar.”
Chris Chen
I really appreciate being invited to the Francorp seminar and was very impressed with your presentation and the amount of information you were able to cover in a short period of time. For your information from a feedback standpoint, I wanted to relay that I was very impressed that you truly gave such relevant, usable information on franchising potential and the process involved that we could take away and truly learn from versus just being a glorified sales pitch for Francorp. I think bringing this value upfront to potential customers is how you have probably been successful in your business. I will look forward to keeping in touch with you and the potential for us to work further on our business. Thank you again for the excellent information and look forward to reviewing your website further and seeing where our potential goes.
Best Regards,
Tara
I just wanted to let you know how much I enjoyed the recent Franchise Seminar with Francorp. He really has a lot of humanity, humor and business wisdom to share. He did let me know that my business is not ideal for franchising, it’s good to know as much as I can about franchising. Additionally, I have the info that I can pass on to others.
Lon
That was a fantastic presentation. You really know your product. And your company certainly seems to be the obvious first choice when franchising. I see the value in partnering with Francorp.
Thanks,
Nathan
For more information on Francorp and how to attend a Francorp seminar visit the Francorp site, Francorp.com.
Filed under: Business, Franchising | Tags: don boroian, Francorp, francorp clients, francorp consulting
Should I Franchise?
Whether you have a totally new concept or an established business in need of faster growth that is lacking the capital, time and people to expand the question is, “Should I franchise?”
Today more Businesses and greater variety of businesses are implementing franchising to distribute their products and services. Virtually any business can be expanded through franchising. Franchising a business is often the only viable source of capital available for expansion especially in today’s tight credit markets. In most instances, the cost of franchising is often a smaller investment that the cost of establishing just one new location.
After paying the initial cost of developing your franchise program, the remaining cost of expansion along with most of the business risk is assumed by the franchisees. Because the franchisee pays an upfront franchisee fee the franchisor is often able to recoup the total cost of franchise program development rather quickly while establishing a monthly revenue stream from royalties paid by the franchisees.
Franchising can provide the capital for rapid growth when your business doesn’t have the capital, the people, or even the time to establish a company owned growth program. Franchising solves the problems of slow growth, the problems of finding outside capital and the problems of finding the right employees associated with company owned units. Franchising a business is the solution for the problems of money, time and people.
Money
Franchising transfers almost the entire cost of expansion to the franchisees. Franchisees build the building or pay the rent, buy the inventory, pay the employees, do the marketing and provide the working capital until sales make the business profitable. In reality, the growth of a franchise system is limited only by the number of people willing to buy the franchise and the number of locations that can be sold.
Time
If you’re anxious to move quickly before the competition catches on with a hot new concept franchising provides solution. Franchising is the one growth system that allows businesses to expand exponentially. A franchise can grow rapidly simply by selling individual units. Some franchises can grow even faster by selling multiple units or territories to sub franchises. Either way, it is almost always faster to open franchises than company-owned units.
People
Franchisees make excellent employees and managers. They have a vested interested in making the business successful. They own it. A franchisor not only gets a dedicated manager they are relieved from the daily problems associated with hiring, firing and managing employees.
In summary, if you are looking to expand your business and lack capital, time or people, franchising is a viable solution to all three problems. If this scenario applies to you and your business the answer to the question, “Should I franchise?” is definitely yes.
