FAQ
General Franchise Frequently Asked Questions
What is a franchise?
A franchise is a method of practicing and using another person's business philosophy. The franchisor grants the independent operator the right to distribute its products, techniques, and trademarks for a percentage of gross monthly sales and a royalty fee. Various tangibles and intangibles such as national or international advertising, training, and other support services are commonly made available by the franchisor.
The Benefits of Franchising
As practiced in retailing, franchising offers franchisees the advantage of starting up a new business quickly based on a proven trademark and formula of doing business, as opposed to having to build a new business and brand from scratch (often in the face of aggressive competition from franchise operators). A well-run franchise would offer a turn-key business. Franchisors often offer franchisees significant training, which is not available for free to individuals starting their own business.
Would I be a successful franchisee?
To see if you would be a successful franchisee, ask yourself the following questions:
Am I customer service oriented?
Do I have the skill set to manage a staff of front desk operators and service providers?
Am I prepared to work hard and follow a system?
Do my family and friends think I adapt well to new situations and think that I am trainable?
Do I resent authority or restraints?
How do I personally feel about Styles of India™ as a company?
What is the Franchise Disclosure Document (FDD)?
The Federal Trade Commission (FTC) requires sellers of franchises and other business opportunity ventures to provide prospective investors with the information they need to make an informed investment decision. It also requires that all earnings claims be documented, that the information investors receive be complete and accurate and that investors have adequate time to consider and evaluate the disclosures before making any final purchase commitment. All required information is given to prospective Franchisees in the form of a Franchise Disclosure Document (FDD)
Will Styles of India help me find employees for my salon?
Styles of India will give you the best resources that it’s used to find qualified employees. Ultimately, it is the Franchisee’s responsibility to interview and train its employees.
May I qualify financially with other partners?
A single candidate must personally meet the financial qualifications. However, if a partnership is formed, Styles of India™ considers the overall financial strength of the business partnership.
Is financing available?
Yes, Styles of India does provide financing to qualified franchisees.
What happens after I submit the Franchise Application?
Your information will be submitted the the franchise department of Styles of India for review and further follow up. Please refer to Styles of India's 7 Steps to Opening for more information.
Do I have to negotiate the lease for my location?
No. All leases are negotiated by the Styles of India's Real Estate Department.
Do I have to order my supplies from your vendors?
Styles of India provides a start-up database with all necessary and recommended vendors in order to make sure all Styles of India Threading salons have the best quality of supplies, while allowing for maximum savings.
Interested in owning a Styles of India Franchise?Download the Franchise Application. and email to info@netamorphicinc.com.