Frequently Asked Questions
What is the investment?
|Model||Carpet Area||Investment (Rs lacs)|
The model offered to the franchisee is based on the assessment of the city and the specific catchment area or location
Are there any other hidden costs or investments?
The above investment does not include the premises, which you need to have; it can be leased or owned.
It’s assumed all utilities are provided at the site, as needed viz. electricity, water, and all necessary permissions are taken from authorities.
Do you as franchisor invest?
We do not invest as this is a pure franchisee model, we provide the brand, the complete expertise, complete standardization, full training, management support, operating web based system, but investment is fully done by the franchisee.
What do you charge?
As franchisor we charge Rs 10 lacs license fee for providing our brand name to you for a period of 10 years. In the fifth year we charge Rs 80,000 as renewal fees. Royalty is charged at 6%of turnover for first 3 years and thereafter 8% (turnover is gross income net of service tax collected).
Do you provide staff?
We don’t provide staff but we help in the selection by recommending agencies who are trained in recruiting as per our set standards, also we use our network of clubs across 61 cities to help you get staff. Where possible, we do phone interviews and also SKYPE interviews.
Do you help in getting finance?
We ourselves don’t do it, but we can guide you to professionals who help raise funds.
What is the profitability?
The ROI is 35-50% and you can recover your investment put in about 2.5-3 years.
Can I set up a franchisee in a city where a Talwalkars is present?
YES you can, provided both do not cannibalize into each other. For that we recommend a minimum distance of 5 kms from an existing Talwalkar health club. But the final decision rests with the company.
Do I get a secure territory?
YES once you sign up for a location normally we give at least a 3 Km radius as secure territory.
Is HI FI part of Talwalkars (TBVF Ltd), the listed company?
Yes it is.
Can I do the interiors with my own contractors?
We strongly recommend you go with our empanelled contractors to avoid mistakes leading to increased costs due to non-adherence or mistakes vis a vis brand standards.
Can I do any other changes?
All elements that contribute to the brand are standardized and controlled by the company and the franchisee is not permitted to change it.
HI FI as a concept finds appeal wherever value for money fitness is desirable. The principles governing it are universal and easily adaptable to different cultures. In fact, HI FI lays a lot of importance on the incorporation of the local culture in the running of the health club as we see it as a community centre with focus on fitness and health.
Presently, plans to open HI FI centres in the Gulf, South East Asia, Sri Lanka, Africa, and Bangladesh are in full swing.
For more information please contact Amrith on 9619851087 or at AmrithR@talwalkars.net ...more
Organisations around the world have realised the need for their employees to be fit and healthy. Programs for their wellness not only help increase productivity as employees lead more active lives, but also helps foster a feeling of community and loyalty.
HI FI offers a range of programs for corporates that are customisable to budget, location, frequency and number of people.
Club and Gymkhana Tie-ups HI FI invites collaborations with independent health clubs and gymkhanas. We are open to sharing our repository of knowledge that we have amassed over the years. We offer expert advice, personalised supervision, facility upgrades, result-oriented approach, training and the legendary Talwalkars know-how and experience to places that have the same zeal for the Healthy India Fit India Movement but feel hindered for some reason.
Our intention is to give the movement wings and not restrict it to physical spaces. We welcome all partnerships in our quest.
E - Brochure
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