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Updated RecentlySparket Marketing vs Chhabra 555 Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Sparket Marketing vs Chhabra 555 including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $50,000 | $120,000 |
| Franchise Fee | $20,000 | N/A |
| Royalty Fee | 0 | 0 |
| Advertising Fee | 0 | 0 |
| Year Founded | 1986 | 1954 |
| Year Franchised | 2008 | 2005 |
| Term Of Agreement | Life time | - |
| Term Of Agreement | Life time | - |
| Renewal Fee | None | - |
Business Experience Requirements |
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| Experience | * Familiarity with the local market. * Experience in the relevant industry (ideal, but not always essential). * Proven financial resources. The master franchisee must have the wherewithal (either alone or with other investors) to buy the franchise rights, set up prototypes and systems, and develop the franchise business in the agreed territory. * Proven management skills. For the most part, the master franchisee will be functioning in exactly the same way as the franchise does in its �home territory� (native country). | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | You and your team will be provided an intensive training in all functions of the business locally by us apart from regular periodical visits by our senior team on the field to ensure business is generated and you are established in your territory and your team must aim for local leadership. | - |
| Support | The Company will generate and support you with web enquiries and discuss regularly depending upon the sales performance and a host of market conditions. Company will assist in all support on artwork, designs, brochures and catalogues. Local leads will be provided from our existing large customer base so that you can secure good business. We will give you our existing customers from your territory. | *Once a Dealer has selected a location, duly approved by Chhabra 555, the technical staff will assist the Dealer by designing a workable layout for the showroom. *The technical team will also provide complete assistance in store design and visual merchandising. *Chhabra 555 has a highly refined and efficient supply chain system based on its entire experience. There is all year round availability of stocks, which have been designed and manufactured in various parts of the world, exclusively for Chhabra 555. *Accounting Software for efficient billing and inventory management functions will be provided by Chhabra 555. *The company lays a lot of stress on its branding and marketing strategy. The content & design of all marketing, advertising and promotional collateral is provided by its competent designing team as per requirement. *The pre-printed stationary for bills and visiting cards will be provided by Chhabra 555. *If desired by the Dealer, Chhabra 555 will depute staff for training and for any other purpose at the showroom of the Dealer at the cost of the Dealer. *Operational support is provided by a professional team, which guides the Dealer in operating his/her business and provides any kind of problem-solving or troubleshooting assistance as required. |
| Marketing | Done centrally by us and you need to service the clients. | - |
| Operations | Ideally owner should be involved in learning and running it. Can start small and grow it over a period of time as confidence increases and money is earned which can be reinvested to scale it up. | *The Dealer shall be the owner of his own business and shall own or take on lease premises on his own for establishing the showrooms and will be responsible for all the statutory obligations in the territory. *The Dealer will have to pay an upfront amount equivalent to 40% of the sale value of stock provided by Chhabra 555 and provide a Bank Guarantee for the balance 60%. *The Dealer must maintain the store layout and design as per the specifications laid down by Chhabra 555. The furniture and fixtures will be according to the company plan for maintaining symmetry about the brand image. *The Dealer will be responsible for all the day-to-day expenditures and outlays for running the business operations smoothly and efficiently. *The Dealer will follow all the procedures and modus operandi as laid down by the agreement and as per the company policy. |
Expansion Plans |
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| US Expansion | Yes | - |
| Canada Expansion | - | - |
| International Expansion | Yes | Yes |
Company Overviews
About Sparket Marketing
Master Franchises - Master Franchise Opportunities We are the Indian manufacturers and exporters of promotional corporate gifts and customized odd items. Due to demand from our regular customers we wish to appoint Master Franchisees in all Countries. We are already doing business all over the world. For better customer experience through human feel and touch and to build a stronger brand equity we are stretching ourselves through our franchisee partners. You may need to appoint resident representative to provide personal touch to customers as business grows over time. Ideally you should act as Master Franchisee in your Country and help others set up franchisees in their respective Cities and Towns for better coverage of the territory. Depending on your Country these decisions will be taken. We need initial partners who can help us design and fine tune the best proposal to make it truly WIN-WIN and entry is strictly only for THE BEST AND COMPLETE TEAM MEMBERS. We have been continuously learning and practicing life time relationships with our employees and that success now gives us more confidence to extend the same to our partners and their teams too. � Available Master Franchises in all Countries outside INDIA across the world. Your territory is exclusive to you for lifetime and can be passed on to future generations. Master franchising can be a very nice business opportunity, creating quite a decent income. However, it is important to find the best match for your skills and interests so that you have the highest chance for success. Interested to know more then please email us at [email protected]
About Chhabra 555
Chhabra 555 wishes to continue extending its footprint across India and is seeking to appoint Dealers across the length and breadth of the country. We are searching for strong business partners to be appointed as Dealers for their respective territories, who would share our vision and passion to grow the brand and business to greater heights. As part of Chhabra 555 family, you will be part of a family that sets the standards high and offers the complete package. From the day you sign the agreement we are by your side to help you run your business efficiently and profitably. * The initial contract will be for a term period of 5 years. It can be renewed thereafter by mutual consent. * The showrooms must be located in high footfall areas and should have an area of about 2000 sq. ft.