LITHI FRANCHISE REQUIREMENTS  Why does it takes to become a lithi franchise? Lithi is looking for sincere, enterprising and passionate Franchise Partners.

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Presentation transcript:

LITHI FRANCHISE REQUIREMENTS  Why does it takes to become a lithi franchise? Lithi is looking for sincere, enterprising and passionate Franchise Partners who can be right custodians for the Brand and for the Lithi’s core values and objectives. Our selection procedure consists of interviewing, evaluating and assessing candidates on the basis of their motivation level and commitment.  The basic Franchise requirements are the 3 C’s:

 Capital Capital is one of the most important ingredients to unfurl any business venture. Likewise, an initial investment/capital is required to roll out an impressive Lithi Centre that compliments the standards of quality maintained by the brand worldwide. Without appropriate capital, momentum may be lost and the entire business will be put to risk. Certain basic requirements for setting up a Lithi Center which will need an initial investment include:  Furniture and Fixtures  Gym work with Interior Fall Sealing.  Equipment and Appliances  Machinery Equipment's.  Medical Appliances.

 Commitment Without committing to the vision and objectives of a business no venture can become successful. The health and beauty sector is no different. It is an industry that approaches all the services scientifically and thus, requires constant managerial attention, a mid to long-term view on the business, along with daily focus on details to be able to give customers a memorable experience.

 Competence: The best of systems are useless without a competent team to support them. This is why lithi guarantees and provides a tried and tested training curriculum for all franchisees. Following are the systems and training curriculum is the most reliable formula to ensure a high level of Franchisor satisfaction as per with Lithi standards and gets repeat business.  Lithi provides standard operating procedures for every aspect of the business and assures support to its franchisees.  As Lithi encourages first time business entrepreneurs, all you need is commitment and motivation to become a part of the Lithi family.

Franchise System:  Franchise Fee And Royalties The calculations for Franchise Fee and Royalty are simple and transparent. Franchise Fee is based on the potential of a location /city. Monthly Royalty payments equal to a fixed percentage of the collections.

 Loyalty Fee As mentioned above, it is a fixed percentage of the net monthly sales realized, and is payable each month by the Franchise to the Franchisor.  Franchise Fee o It is a one-time payment in consideration for the granting of the Franchise. o Franchise is granted for an initial period of five years. o This covers the cost of Location Approval as well as Initial Training of the Staff and Management of the Franchisee. o Greeting of Franchise gives the Franchisee the right to use Lithi Brand Name and Lithi’s Standard.

 Furniture and Fixtures INR 15LAC-16LAC  Gypsum work with Interior Fall Sealing INR 10LAC-12LAC  Miscellaneous Expense INR 5LAC  Machinery Equipment's INR 18LAC-20LAC  Medical Appliances INR 2LAC  Royalty Fees 45% of sales payable every month.  Total Investment INR 50LAC

 Advantage as a partner  Association With a Well Established And Reputed Brand Lithi is the undisputed leader in Wellness and Beauty Services in the Andhra Pradesh, with a standing of over 3 years and having served more than thousand happy customers since its inception, the brand is well recognized.

 Assistance In Setting Up The Business Lithi Slim is one amongst the best and fastest growing chains of slimming and beauty clinic in Andhra Pradesh. Started at 2012 with one branch, now operating with 2 branches at various locations in Hyderabad. We believe in Inspired team of Doctors and professionals, including Nutritionist, Physiotherapists, Cosmetologists and Beauticians, and sharing the expertise we have gathered over decades with our franchisees. In the initial stages of setting up your franchise business we provide assistance with technical issues, help overcome operational and administrative challenges, along with providing guidance for effective sales and marketing.

 Consistent Support Being a Lithi Franchisee you shall always receive appropriate support on time. However, we also expect our franchisees to take initiatives on their own to maintain the success of the venture, while keeping the Lithi’s core values in mind.

 Professional and Technical Support  Lithi provides professional and technical support to Franchisees all through the association:  Site Selection:  This is the first step for a franchisee after signing the agreement and depositing the agreement fee. Site location is important in our business, much effort and care goes into the selection of the proper site. A site may be approved after a physical visit and inspection by one of the lithi officials or even by going through the description and photographs provided by the franchisee.

 Staff Recruitment: Lithi stays involved in the recruitment procedure. Once the advertisement for the recruitment of staff is released and the initial screening of candidates is done by the franchisee,lithi’s team of experts step for the final selection of the short-listed candidates.  Staff Trainings: To ensure adherence to the high quality standards set by lithi, we provide initial training to select members of the staff of the franchise on our products, services, center operations, client handling, sales and marketing at no extra cost.

 Centre Launch: Launching a center is not an easy task; its initial performance sets the course for future success. Lithi guides franchisees with the launch of the unit by providing appropriate marketing strategies and plans to handle operations. Collaterals and designs are also provided to the franchisee.  Equipment: Lithi strives to provide superior quality, consistent services throughout its centers. To this effect, lithi provides a list of basic equipment required for a franchise center in order to ensure service availability and efficient space utilization. A List of lithi’s preferred vendors is provided to franchisees.

 Marketing Support: Lithi has developed time tested marketing strategies, following which we offer guidance to our franchisees for effective marketing and promotion of services. All collaterals and ad designs are provided to the franchisees. Our marketing team can also guide you as per the needs and requirements of your city/region.  Refresher and Re-Trainings: Appropriate training offers a robust foundation for the delivery of effective and excellent services. We provide training modules as per the needs job individuals and the franchisees at regular intervals. Continuing trainings will include new product trainings, skill enhancement trainings, etc.

 Quality Control: Lithi adheres to stringent quality control norms and expects its franchisees to follow the same. These are maintained by a team of experts, which includes dieticians, beauticians, operations experts who visit centers on a regular basis. This helps lithi maintain the quality of its services and franchisees to rise up to customer’s expectations from the brand.

 Approval Process:  Lithi follows a simple and streamlined process for the approval of a franchise. The application process involves can did sharing of basic information between the prospective franchisee and the franchisor in order to clearly define expectations of both parties from the very beginning.  We want you to fully comprehend what you will be involved with, while we would want to learn more about you. In case our expectations seem aligned, we would look forward to a long and mutually beneficial partnership.

 Filling Up Of Franchise Application: The Franchise application form can be obtained from our Franchise Development Department or it can be downloaded online. This form shall contain enough information to give us an insight into the aspiring franchisee.  Review of Franchise Application: Each Application form is thoroughly reviewed by the management to assess prospective franchise partners and their particulars to be able to benefit mutually from the venture.

 Review of the Financial Capability: Financial soundness is imperative to be able to set up a successful franchise. The financial integrity and stability of the prospective franchisee is thus assessed accordingly.  Interview with the Prospective Franchisee: We, at lithi, believe that a business relationship goes far beyond financial transactions. It is a long-term relationship based on mutual trust and faith. It is also concerned with the entrepreneurial qualities of an individual and thus, we meet the aspiring franchisees for a one-to-one session in order to assess and evaluate them.

 Understanding the Business and Conviction: To continue and carry forward the lithi tradition of excellence, it is essential for the prospective franchisee to understand the lithi model thoroughly. The entire business model is explained to the applicant in detail and questions are invited and answered.  Approval of the Franchisee: The final seal of approval is put only after establishing a complete understanding of the business and its norms between both the parties. The senior Management of the company may also be involved in the process at this stage.

 Signing the Agreement: The final agreement is signed at lithi’s corporate office where the prospective Franchise Partner is introduced to all the departmental heads and key personnel for better coordination and collaboration in the future.  Awarding the Franchisee License: Finally, the Franchise License is awarded to the franchisee, which makes him/her a member of the ever- prospering lithi family. The know-how of standard operating procedures too in handed over at this stage.