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Abhishek Pal

Entrepreneurship • 8m

one of my friend who wants to grow their business and planning to open new outlet by offering franchise he sell food on cart..... he wants to take profit only on sales and the food were cooked by the franchisee holder everything done via franchisee holder but how he know how much profit were raised by their different outlet what if holder want to save its profit ratio, the franchise holder may even lie that the profit has decreased so that they have to share less profit with franchisor is their any ideas or anything which help me to know about profit of other outlets excluding billing machine any idea how to know about profit of other outlets

9 Replies

Replies (9)

SHIV DIXIT

CHAIRMAN - BITEX IND... • 8m

do you know about sop and raw materials supplying ? set sop and supply Raw material According to demographics demands then do a contract and low down the royalties charges and charge commission on raw materials also you need to purchase everything in bulk according to your menu design . before doing anything create strategic models

1 Reply

Anonymous 3

Hey I am on Medial • 8m

Honestly, manual tracking methods won't be sustainable in the long term. If you're serious about franchising, invest in a reliable billing system. Even if it’s a bit costly, it’ll save you time and avoid issues down the line. Any workaround might still leave room for manipulation

1 Reply

Anonymous 2

Hey I am on Medial • 8m

Track the raw materials being supplied to each franchise. If you know the average cost per item, you can estimate the revenue based on the amount of ingredients they use. This isn't foolproof, but it could give you a ballpark figure if they're trying to manipulate profits

1 Reply

RR Journey

Experience The Journ... • 5m

start applying food costing, and inventory, through the POS system only, you will come to know the profit, follow the same recipe with all the outlets, the cost will be the same and profit will be shown in your system only, but you have to maintain all the costing and inventory list perfectly.

Anonymous 1

Hey I am on Medial • 8m

This way, you can monitor real-time sales data without the franchisee being able to tamper with it. There are many cloud-based systems that are affordable and specifically designed for small businesses like food carts.

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