I just wanted to get your opinion on franchising my startup- AgricultureCircle.com. I plan to start new branches in Tier 2 Cities where I can help my Franchisees make about one Lac Rupees every month. I am looking at branching out to cities like Nashik, Nagpur, Aurangabad,etc. We have the business plan almost ready and will be charging our Franchisees about Rs.1 Lac per year + monthly royalties. The investment for a franchisee would be around 2 lac rupees total- including an office and admin.
Has anyone here had a franchise business? Could you help me with benefits and pitfalls that you have encountered first hand.?