• Center & Infrastucture Development
  • Teachers Recruitment & Traning
  • Curriculum & Study Material
  • Center Management Software
  • Academic Planning & Quality Audits
  • Marketing & Branding
Takalkar Classes, the most trusted educational institute in Pune, has proven track record of over 30 years. 1,00,000 plus alumni base across 5 branches have benefltted with incredible results, from std 8. to 10. of all SSC, CBSE & ICSE boards and 11. & 12. Science. Academic honesty and consistency has always been at our core.
  • Investment Capacity: Rs.25-30 Lakhs
  • Space Requirement: 2500- 3000 sq.ft.
  • Prior experience not mandatory

Register Your Interest

Can I just invest without necessarily liking the franchise?

There is no room for investors only in franchising. Franchisees are expected to like the franchise business. If you don’t like the noise of pre-school children, you cannot apply for a pre-school franchise. Your success depends on your commitment, but if you hate the concept, how can you commit yourself to it?

What does the franchise investment cover?

The franchise fee, branch construction, furniture and fixtures, signage, and other items. The fee normally covers the right to use the trademark, business system, all the pre-operating services including training, the opening team, dry runs, pre-opening, and marketing support. Expect variations in the coverage.

Can I take the franchise agreement and show it to my lawyer?

By all means! It is your right as an applicant to seek legal advice. Beware when the franchiser does not allow you to bring the agreement contract outside their office. Prior to sending to your lawyer, please read several times. Never be afraid of the technical and legal terms. Underline statement or phrases vague. Do write questions as you read.

Why do I have to go through an application process?

The application process enables you and the franchiser to decide if you can do business together. Avoid any franchiser who can’t wait for you to sign the agreement. The process may take some time including doing the location study.

Can the franchiser tell me my profit margins and payback period?

The franchiser can only give you estimates. The figures will depend on how well you manage your branch. Verify and conduct your own estimates.

Can the franchise be taken away from me?

Yes. You lose your franchise if you violate the agreement and ignore the operations manual. The franchise fee will not be refunded to you. However, unless the infractions are serious, there is normally a “curing process” where the franchiser gives you a chance to correct your mistakes.

Will the franchiser help me manage my branch?

An important part of franchising is the franchiser’s commitment to help your business. The assumption is that the franchiser has had years of experience that he will want to share to make your franchise successful. However, you have to be open and take him seriously. However as a franchisee you have to be on top of managing your branch. The Franchiser is there to provide support. What is vital is to establish open communication lines.

Why You Have to Pay Royalty Fees

In addition to paying for the privilege of being a part of a franchisor’s brand family, royalty fees pay for certain benefits you receive as a franchisee. These fees cover on-going training and support, consulting from the franchisor.

What Happens if the Franchisee Can’t Pay the Royalty Fees

Make sure that the penalty for not paying fees is outlined in your franchise agreement. Most franchisors consider not paying royalty fees a breach of the franchise agreement, and they may terminate your franchise or hold you liable for other expenses. Read the fine print so you know what you’re getting into.

Franchisee : An individual who purchases the right to operate a business under the franchisor's name and system.

Franchisor : The parent company that allows individuals to start and run a business using its trademarks, products and processes, usually for a fee.

Franchise fee : The initial fee paid to a franchisor to become a franchisee, outlined in Item 5 of the Franchise Disclosure Document (FDD). For some franchises, this is a flat, one-size-fits-all fee; for others, it varies based on territory size, experience or other factors. Many franchisors offer franchise fee discounts for veterans, minorities or existing franchisees.

Startup cost/initial investment : The total amount required to open the franchise, outlined in Item 7 of the FDD. This includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses and working capital.

Company-owned units : These are locations that are owned and run by the parent company (the franchisor), rather than by franchisees.

Franchise agreement : The written contract, included in the FDD, which outlines the responsibilities of both the franchisor and the franchisee.

Royalty Fee : The Royalty Fee is an ongoing payment, during the term of the Franchise Agreement, that is paid to the franchisor on a daily, weekly, or monthly schedule. The Royalty Fee may be a flat fee or a percentage of sales and is paid to the franchisor in exchange for the ongoing use of the system’s name and marks and to cover the services that the franchisor provides to the franchisee, such as training, support, and marketing.

Term of agreement : This spells out the length of time that your franchise agreement is valid--usually anywhere from five to 20 years. At the end of your term, if you are a franchisee in good standing, most franchisors will allow you to renew your agreement for a percentage of the then-current franchise fee.

In-house financing : Financing offered by the franchisor to franchisees to help with expenses, which can include the initial franchise fee, startup costs, equipment and inventory as well as day-to-day expenses such as payroll.

Absentee ownership : An option offered by some franchisors that allows a person to own a franchise without being actively involved in its day-to-day operations.

FIFO : Franchisee Owned Franchisee Operated

Trademark : The marks, brand name and logo that identify a franchisor which is licensed to the franchisee.

Franchise agreement : The legal, written contract between the franchisor and franchisee which tells each party what each is supposed to do.

Single-Unit Franchisee : An individual or group who own one franchise location.

Advertising Fee : Amount paid by the franchisee to the franchisor as a contribution to the franchise system’s advertising fund(s). The fund is typically established to pay for the creation and placement of advertising and used to offset the franchisor’s administrative costs relating to “retail/brand” advertising. Payments are calculated as a percentage of gross sales.

Business Format Franchising : The licensing of a trademark or service mark together with a prescribed format for conducting a particular type of business, under the control or supervision of the franchisor, coupled with the payment of a fee. Describes the system of delivery, not the specific product or service associated with the delivery as in Product or Trademark Franchising.

Multi-Unit Franchisee : An individual or group who own two or more locations.

Capital Required : The amount of cash you are required to have available in order to purchase a franchise or business opportunity.

Area Franchise : Your entitlement to open multiple locations, usually in a defined territory within a pre-agreed upon timeline. Area franchisees usually pay an area fee for the rights granted by the franchisor.

Business Plan : A planning document that details the objectives for the business and establishes processes and measures for meeting those objectives.

Default : Failure of either party to meet the terms of the agreement. Certain defaults in franchising are enumerated. Some can be cured in a defined period while others may not be curable.

Distributorship : The right granted by a manufacturer or wholesaler to sell their products.

Gross Sales : When used in franchising, generally the total sales of the business before the collection of any sales taxes and after specified deductions. Generally used as the basis for percentage royalty calculations.

Operations Manual : An Operations Manual generally consists of several volumes, it contains all pertinent information regarding the operation of a distinct franchise.

Business Plan : A planning document that details the objectives for the business and establishes processes and measures for meeting those objectives.

Distributorship : The right granted by a manufacturer or wholesaler to sell their products.

Registration : A requirement to submit the franchisor’s disclosure document prior to the approval to offer franchises within some states. There is no requirement to register a franchise at the Federal level. Registration is not an indication of state sanction of the value of the franchise offering.

Due Diligence : Due diligence is the fact-finding process a prospective buyer should go through prior to buying a franchise or business. The purpose of doing due diligence is to make sure that a franchisor’s claims are accurate and their business model is a sound investment. Due diligence done properly looks at a franchise’s operations, financials, training program, interviews with current franchisees, just to name a few. It is advised that you consult with a franchise attorney or broker prior to buying a franchise or business opportunity.

Initial/Ongoing Training : The initial and all subsequent training offered to franchisees in the operations of a specific business.

Turnkey : A location which is provided to a franchisee fully equipped and ready to operate.

Disclosure Document : Also known as the Franchise Disclosure Document (FDD). Formerly known as the Uniform Franchise Offering Circular (UFOC). The format of the FDD is specified by the FTC and NASAA (Federal and State Regulators) and provides information about the franchisor, the obligations of the franchisor and the franchisee, fees, start-up costs, and other required information about the franchise system. It includes a listing of current and former franchisees. In addition to the disclosure portion of the FDD, the document will contain the franchise and other agreements and exhibits. It does not typically include unit earnings information. Item 19, “Earnings Claims” is an optional disclosure under the FTC Rule and State FDDs even though the performance of the franchise in terms of unit “earnings” are material facts that should be disclosed to new buyers by the seller of the franchise, who profits from the sale.

Franchise Form