BlackTree Clothing store Franchises onboarding legal fee.
Introduction
Are you interested in starting your own business in the fashion industry? Have you ever considered owning a BlackTree Clothing STORE franchise? If you're looking to venture into the world of fashion retail, a BlackTree Clothing STORE franchise might be the perfect opportunity for you. In this article, we will explore what a BlackTree Clothing STORE franchise entails and the step-by-step process of becoming a franchisee. So, let's dive in and discover how you can turn your fashion dreams into a reality!
What is a BlackTree Clothing STORE franchise?
A BlackTree franchise is a method of distributing products or services involving a franchisor, who establishes the brand's trademark or trade name, as well as a business system, and a franchisee, who pays a royalty and often an initial fee for the right to do business under the franchisor's name and system. In the case of a BlackTree Clothing STORE franchise, it allows individuals to own and operate their own BlackTree Clothing store while benefiting from the established brand, proven business model, and ongoing support provided by the franchisor.
Steps and Terms:
Here are the step-by-step processes and terms involved in becoming a BlackTree Clothing STORE franchisee:
Fill the form and revert back with the necessary documents:
To initiate the process of becoming a BlackTree Clothing STORE franchisee, you need to fill out an application form. Along Certainly! Here are the remaining steps and terms involved in becoming a BlackTree Clothing STORE franchisee:
Share photographs of your shop and rental deed/registration deed copy:
Once you have filled out the application form, you will need to share photographs of the location where you plan to open your BlackTree Clothing STORE. Additionally, you will also need to provide a copy of the rental deed or registration deed to verify the ownership or tenancy of the premises.
Onboarding team verifies your documents - TAT (turnaround time) 3 to 4 working days:
After submitting the required documents, the onboarding team will verify the authenticity and accuracy of the information provided. The turnaround time for this verification process is typically 3 to 4 working days.
Legal team reviews the agreement terms and approves them - TAT 4 to 6 working days:
Once your documents have been verified, the legal team will review the terms and conditions of the franchise agreement. They will ensure that all legal requirements are met and approve the agreement. The turnaround time for this process is usually 4 to 6 working days.
Agreement copy is dispatched from Pune to the franchise's address for sign-up - TAT 4 to 6 working days:
Once the agreement terms have been approved, the agreement copy will be prepared and dispatched from Pune, where the BlackTree Clothing STORE headquarters is located. The franchisee will receive the agreement copy at their address for sign-up. The dispatch process takes around 4 to 6 working days.
Agreement scan or hard copy dispatch via franchise - TAT 2 days:
After receiving the agreement copy, the franchisee can choose to either scan the signed agreement and send it back to the franchisor or dispatch the hard copy via an appropriate courier service. The franchisee should complete this step within 2 days.
Interior team visits and layout measurements are submitted from the architect's side - TAT 2 to 3 working days:
Once the agreement is signed and submitted, the interior team will visit the franchisee's location to assess the layout and measurements of the premises. This information is crucial for designing the store and planning the interior setup. The turnaround time for this step is typically 2 to 3 working days.
Franchisee deposits Rs. 10 lakhs to the company - TAT 2 to 3 working days:
As part of the franchise agreement, the franchisee is required to make an initial deposit of Rs. 10 lakhs to the company. This deposit secures their position as a BlackTree Clothing STORE franchisee. The franchisee should complete this payment within 2 to 3 working days.
Architect drawing is shared with the franchisee - TAT 10 to 12 working days:
After the interior team has completed the measurements and layout assessment, the architect will create detailed drawings and plans for the store setup. These drawings will be shared with the franchisee for their reference and approval. The architect generally completes this step within 10 to 12 working days.
Carpenter work or civil works begin from the franchisee's side - TAT 20 to 30 working days:
Once the architect drawings are approved, the franchisee can proceed with the carpenter work or civil works required to transform the premises into a BlackTree Clothing STORE. The franchisee is responsible for coordinating and managing this aspect of the setup. The duration for this step varies based on the complexity of the work, typically ranging from 20 to 30 working days.
QC team verifies the work - TAT 2 to 3 working days:
Once the carpenter work or civil works are completed, the Quality Control (QC) team will visit the store to verify the quality and adherence to the brand's standards. This step ensures that the store meets the required specifications before moving forward. The QC team usually completes their assessment within 2 to 3 working days.
Franchisee deposits Rs. 15 lakhs to the company - TAT 2 to 3 working days:
Following the successful verification by the QC team, the franchisee is required to deposit an additional amount of Rs. 15 lakhs to the company. This payment contributes to the overall investment and ensures the franchisee's commitment to the business. The franchisee should complete this payment within 2 to 3 working days.
Billing staff is hired - TAT 2 to 3 working days:
With the store setup nearing completion, the franchisee should hire billing staff to manage the day-to-day operations of the store. The number of staff members required may vary based on the size of the store and expected footfall. The franchisee should aim to hire competent billing staff within 2 to 3 working days.
Stock billing and dispatch is done via the company - TAT 4 to 7 working days:
To stock the store with BlackTree Clothing products, the franchisee needs to coordinate with the company's stock billing and dispatch team. The team will ensure that the required inventory is billed and dispatched to the franchisee's store location. This process typically takes around 4 to 7 working days.
The front light board or ultrathin brand board is installed by the company - TAT 4 to 5 working days:
As part of the branding and visual appeal, the company will install a front light board or an ultrathin brand board at the franchisee's store. This installation is handled by the company's designated team and takes approximately 4 to 5 working days.
Billing software is installed or tested - TAT 2 to 3 working days:
To streamline the billing and inventory management process, the franchisee's store will be equipped with billing software. The installation or testing of the software will be conducted by the company's technical team, ensuring smooth operations. This step typically takes around 2 to 3 working days.
Products are displayed on the shelf - TAT 1 to 2 working days:
Once the store setup, branding, and software installation are complete, the franchisee can begin displaying the BlackTree Clothing products on the store shelves. This step is crucial in attracting customers and generating sales. The franchisee should aim to complete this task within 1 to 2 working days.
The brand management team conducts a final QC - TAT 1 to 2 working days:
Before the official opening of the store, the brand management team will conduct a final Quality Control (QC) assessment. This assessment ensures that the store and its presentation align with the brand's image and standards. The brand management team typically completes this process within 1 to 2 working days.
Press releases and advertisements are released - TAT 1 working day:
To create buzz and awareness about the new BlackTree Clothing STORE franchise, press releases and advertisements will be released by the company's marketing team. This step aims to attract potential customers and generate interest in the store. The release of press releases and advertisements usually takes place within 1 working day.
Finally, the showroom is inaugurated:
After completing all the necessary steps and ensuring the store is ready for business, the franchisee will officially inaugurate the showroom. The grand opening is an exciting event that marks the beginning of the franchisee's journey as a BlackTree Clothing STORE owner.
FAQs (Frequently Asked Questions)
Q: How much is the total investment required to open a BlackTree Clothing STORE franchise?
A: The total investment required to open a BlackTree Clothing STORE franchise is Rs. 25,00,000/-.
Q: What is the minimum space requirement for a BlackTree Clothing STORE franchise?
A: The minimum space requirement for a BlackTree Clothing STORE franchise is 500 sq. ft.
Q: What is the margin on the sale price for a BlackTree Clothing STORE franchise?
A: The margin on the sale price for a BlackTree Clothing STORE franchise ranges from 20% to 45%.
Q: Are legal fees or franchise fees refundable?
A: No, legal fees or franchise fees are not refundable.
Q: Who is responsible for the interior costs and labor charges?
A: All interior costs and labor charges are payable by the franchisee.
Q: What does the company provide in terms of branding for the store?
A: The company provides a front light board or ultrathin brand board for the store.
Conclusion
Owning a BlackTree Clothing STORE franchise presents a unique opportunity to be part of a well-established fashion brand while having the independence of running your own business. The step-by-step process outlined in this article highlights the journey from application to store inauguration. By following these steps and meeting the necessary requirements, you can embark on an exciting entrepreneurial venture in the fashion retail industry. So, take the first step and bring the BlackTree Clothing experience to your community!
Note:
Legal fees or franchise fees are not refundable, and all interior costs and labor charges are payable by the franchisee. The company will provide a front light board or ultrathin brand board.
Total investment:
Rs. 25,00,000/- Minimum space requirement - 500 sq. ft.
Margin: 20 to 45% on sale price."
