Franchise India Brands Pvt. Ltd, a pioneer in the franchising industry, will be launching a new and innovative online business platform for facilitating mid-market Business Sale-Purchase deals. This portal will be a major initiative by the firm to create a seamless and symbiotic online universe for business buyers, sellers and brokers to carry out business deals.
One of the most coveted services provided by the firm is business evaluation, depending upon the assets, liabilities, total income and growth. This provides a comprehensive idea about how profitable is the business, what kind of potential it holds and the future prospects. The portal will facilitate comprehensive services for buying and selling businesses, evaluation and analysis of profitability as well as growth prospects which any respective business can offer.
Commenting on the launch of this new flagship business, Mr Gaurva Marya, Chairman, Franchise India said, “It is difficult to assess the market size of merger acquisition of MSME (micro, small & medium) business units. The online platform will be a revolution. There is ample scope for growth of franchise business in tier-II and III cities.”
According to KPMG India estimates, the franchising industry is expected to quadruple between 2012 and 2017. KPMG in its report has said that there is scope for franchising industry to contribute almost four per cent to the country’s GDP (gross domestic product) in 2017 (assuming six per cent year-on-year GDP growth between 2012 and 2017), growing from a current estimated contribution of 1.4 percent of GDP. Franchise industry is expected to create job opportunities (including both direct and indirect) for an additional 11 million people by 2017.
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