With 16 years experience under our belts in a successful Indian franchise business we have been asked many, many questions, addressed a multitude of concerns, helped untangle worries and been part of countless exciting business planning exercises with our franchisees and we would like to share some of the more common questions and ideas:
Q: What is the initial Franchisee fee?
A: Normally IACT Franchise will cost you more than One Lac (1, 00,000) rupees to become an IACT Franchisee and authorized training partner. This fee will include the cost of starting materials, set-up information and Registration charges etc.
Q: How much do I invest if I have to become an IACT Franchisee?
A: On the initial stage the cost of acquiring the premises and computer, furniture and others will directly born by franchisee. If you are already running your centre then there is no investment is required.
Q: How much space do I need to set up an IACT centre?
A: The centre requires 600-1500 Sq. Ft. of carpet area to start at any floor. The property title should have legal permissions for running a computer training centre. The building should be neatly maintained and should have an environment appropriate for running an educational institute.
Q: Who is an ideal Franchisee?
A: The Franchisee should be in the age group of 25-40 years, with at least a graduate degree. Engineers and people with an IT background will be preferred. We expect the Franchisee to be devoted exclusively to the IACT business.
Q: How much is the royalty?
A: IACT is not charging any royalty on your gross collections. The fees collected from students and other revenue sources will directly goes to franchisee account. IACT will only working on very nominal fees towards the student’s registration and examination fees.
Q: What is your viability and profitability record?
A: We are proud to go through all our financials as part of Step 3 in our Expansion Face to Face Meeting and you can see out track record and how much profit you can and will make.
Q: What will I need to do to succeed?
A: Take a look in our About You tab - there is a great check list of actions we know will ensure you succeed - our top franchisees follow these tips day in, day out and they are reaping the financial rewards big time.
Q: What Levels of training and support will I get?
A: We love training, many of the team are trainers in their particular field - in fact we are training mad! Have a look at our Training & Support tab and you will see you are trained at every stage of your development
Q: Does it matter if I am not a 'technical' person?
A: Not at all - whatever technical or marketing questions your clients ask the IACT Support team always have the answers and skills to back you up. You can therefore concentrate on getting in front of as many local businesses as possible to build your revenue.