Franchise FAQ's 1- What is the Franchisee Fee?The Franchisee shall pay a non-refundable one-time sum of ₹ 5 lacs inclusive of GST as Franchisee Fee. The Franchisee shall also pay ₹ 50,000 as interest free security deposit which is refundable. 2- What does the Franchisee Fee include?The Franchisee fee includes getting associated with the brand and using the brand’s name as a franchisee 3- Are there any promotional franchisee fee discounts available?No. The franchise fee is non-negotiable. We don’t offer any offers on franchise fee. 4- What will be the validity of the Franchisee Agreement?The agreement will be valid for 20 years which is renewable after every 5 years. Documentation & Renewal fee is ₹ 10,000/- 5- How much does the store set-up cost?The store set-up costs approximately ₹ 25 lacs for a 250 sq ft carpet outlet. 6- Do we need to pay any royalty?*Yes, 6% + GST royalty is charged on the net sales. 4% + GST for marketing initiative.* 7- How much time does it take to find good property? Will you assist in finding it?Within 30-45 days of signing of the franchise agreement. Yes, we will assist in finding the best location. 8- "I have my own property." Can I start Jumboking there?Yes. We can check if it suits the Jumboking’s criteria. 9- Is Jumboking interested in developing new restaurants in non-traditional locations such as airports, military bases, travel plazas and universities?Yes, we do have outlets at Mumbai International Airport, Metro Stations. We are happy to open outlets in non-traditional locations depending upon the feasibility. 10- What if the business/sales doesn’t pick-up?We will assist in relocation of the store. Transfer or replacement of franchisee. 11- Am I guaranteed success if I buy a Franchisee?No. A franchisor gives the franchisee an opportunity to follow the business system that the franchisor has proved to be successful. Your success as a franchisee highly depends on the commitment you give to the business
