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How to start Cinnabon Franchise in USA Complete guide to start Cinnabon Franchise in USA Cinnabon Franchise Overview
One of the widely tried businesses in the Franchise business model is the mobile or the technology sector. There has been a constant demand for technology and the advancement that comes along with it.
Almost every individual, during or after their teenage life looks out to buy a new phone and be a part of the ‘tech world’. With many brands in the market, one of the rising and well-known brands is MI or rather Xiaomi which has been making a huge number of customer base throughout the world. It is always a good idea to be a part of such an advancing company by starting Xiaomi Franchise.
About Xiaomi Franchise
MI is a well-known brand in the cell phone sector, the same brand is being manufactured and owned by Xiaomi, which is a Chinese based company, founded in the year 2010. Sounds very recent? In such a short span of time, the brand has acquired major national and international markets, all across the world. It started with Xiaomi Mi1, and since then they have introduced a wide range of phones and the latest technology which has always caught the attention of customers worldwide.
Xiaomi comes under the list of top 5 companies in the world when it comes to cell phones. It is currently on the 4th position and in competition with huge brands such as Apple and Samsung. Recent reports suggest, that the active customer base of Xiaomi or Mi phones had risen to 291 million, monthly in September 2019. Apart from that, the company even made it to the Fortune 500
list which was released in the year 2019. The achievements and the performance of the company speak for its future itself and all the glory that could be achieved by becoming a part of it.
Advantages of Starting a Xiaomi Franchise
As a unitholder of a Franchise, it is important that the individual must know and understand the various USP’s of the concerned brand as it can be used to scale your business in the best possible manner. The various advantages of acquiring the Xiaomi Franchise are mentioned as follows.
Investment Required for Starting Xiaomi Franchise
To start your own Xiaomi Franchise, you would need capital that covers their Franchise fee, store equipment, and any other expenses that would be required. Franchise stores are opened with
the intention to take advantage of the brand value that the company has created, however, the investment required for Xiaomi is very less as compared to its estimated brand value. You would need an estimate investment of 12 Lakhs INR to 15 Lakhs INR. Around 7 Lakhs INR would be for getting your store set up and get the equipment as well as the interiors. Apart from the above costs, the
only expense you may incur additionally is the staff, rent, electricity bill, and so on.
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Requirements for Starting Xiaomi Franchise in India
To be a part of such a known brand, there are certain rules or guidelines that needs to be followed by the interested candidate to maintain the brand value of the company. The various requirements for starting Xiaomi Franchise are mentioned as follows.
How to Apply for Xiaomi Franchise in India
The recommended and the easiest way would be to visit the official website of Xiaomi and apply for the Franchise. Once you visit their website, you need to click on the ‘Franchise’ tab. On clicking the tab, you would be presented with an application form, you must fill the form with the details asked. On submitting the form, you would be contacted by the staff of Xiaomi within few
days and if eligible the process would move further. The official website of Xiaomi is mentioned as follows,
FAQ’s
The website does not mention any brandfee as such, you may get further details by inquiring on the same
Having a store of around 300 sq. ft. is
more than enough to qualify for the same.
Your store should not be within 10kmsradius of another Mi store
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