| Requirement | |
|---|---|
| Investment Amount | 55 to 85 lakhs |
| Land Area | 1500-2500 sq ft |
| Return on Investment | 35 – 50% |
| Franchise | http://www.myhifi.in/franchise-Prospect-Enquiry.html |
Important Notes
Talwalkars' franchise model:
The HI FI business model has been designed thoroughly to give 100% success to each franchisee partners who put their trust & faith in the HI FI team led by Mr. Madhukar Talwalkar. It is designed to deliver fantastic, result oriented fitness experience which makes it unique and joyful at extremely affordable rates, keeping investment low and payback returns high.
Rolling out a new franchise is a streamlined process involving these 8 stages:
Stage 1 – Site Selection
The most important cog in the success machinery of a business like ours is the location of the centre. It needs to be readily accessible to the target population. Franchisees are requested to shortlist 4-5 locations while making the deposit. Their Project Manager then visits and evaluates all options before finalising the right location.
Once the location is finalised, the franchisee will enjoy a secure territory and complete support from Talwalkars.
Stage 2 – Site Measurement & Evaluation
Once the location has been finalised, the Project Management Consultancy, swoops in on the site to measure it and produce the layout for the design team. It also identifies the variables that affect the capex and determine the main signage and branding placement.
Stage 3 – Club Design
The project management team turns around all the construction drawings of the club based on preset criteria and the layout of the site in 6 days.
Stage 4 – Project Management
On approval of the club design, a team of empanelled architects, contractors, vendors and suppliers converge to give the final shape to your HI FI centre. The team is trained and groomed beforehand, and pre-set standards and specifications applied. Where possible, material finishes are procured from set vendors to ensure consistency of design, customer experience and branding.
These measures ensure that the 45 day deadline for finishing the project is met.
Stage 5 – Staff Recruitment & Training
A place is only good as its people. Which is why they guide you as you go about building your team. They help you set up the organisation structure, pay scales and incentives. They provide online support or back-end operations and trouble shooting. The key staff is trained in club management systems.
Their business training partner, Empower, assists you in recruiting, training, system deployment and management. The software is web based and centralised.
Stage 6 – Pre Launch
Fifteen days before launch, they start on a well-calibrated event that is controlled and executed by the Operations Management Consultancy. All crucial considerations such as recruitment of core team or pre-sale marketing and pricing are fleshed out in detail here. With good coordination between the PMC and the HI FI project team, the pre-sale is a guaranteed success.
Stage 7 – The Launch
To help you kick-start your HI FI with a bang, Empower assists you in targeting the right target audience with the right programs.
Customized, fully integrated marketing campaigns are rolled out to advertise your club in your city.
Stage 8 – Marketing Guidance
Since marketing is an on-going process, they are always at hand to help you devise programs to cultivate more customers. Their annual calendar of marketing initiatives and promotional campaigns is the most important consideration in all their plans. They identify the message and the time of its release.
To ensure cost efficiency and brand standards, creatives are shared with you for execution.
Why Choose Talwalkars Hi Fi:
- Custom made for Tier I II III & IV towns and catchment areas
- Faster payback (2-2.5 years) & Low Investment
- Enhanced customer experience - Energetic warm design and space planning
- Entrepreneur friendly design - Easy to manage
- Low procurement costs due to complete standardization of specs
- Maximum efficiency thanks to a state-of-the-art club management system
Financials at a Glance:
| HI FI | Type III (YEAR I) | Type II (Year I) | Type I (Year I) |
|---|---|---|---|
| Income* | 1,05,00,000 | 72,50,000 | 50,00,000 |
| Total expenses | 60,00,000 | 42,00,000 | 29,00,000 |
| Royalty | 6,30,000 | 4,35,000 | 3,00,000 |
| EBIDTA | 38,70,000 | 26,15,000 | 18,00,000 |
| EBIDTA % | 32% | 34% | 34% |
| ROI | 39% | 34% | 35% |
| Payback in months | 26 | 29 | 29 |
The club types:
The club types are decided based on the city and location
| Club Type | Population (In lacs) | Investment (In Rs. lacs) | Area (In Sq. Ft.) |
|---|---|---|---|
| Type I | 1 – 1.5 | 45 – 55 | 1500 |
| Type II | 1.5 – 2.5 | 65 – 75 | 2000 |
| Type III | >2.5 | 85 – 95 | 2500 |
Unique Benefits:
- Low investment Rs. 55 to 85 lakhs
- High Return on Investment 35 – 50%
- No blocked working capital
- Systems and Trainings for easy management of health club
For enquiry about franchise of Talwalkar Hi Fi Gym, call at : 9619851087
Locate Talwalkar Gym in India with this link: http://www.myhifi.in/join-Hi-Fi-locations.html
Corporate Office
4th Floor, Agnelo House, S. V. Road, Khar (W),
Mumbai – 400 052
Phone No. : - 022 – 2605 7490 / 93
3rd Floor - Dharvesh Chambers,
P.D. Hinduja Road, Off. S V Road, Khar (W),
Mumbai 400052
Tel: +91 22 26057490/93
For more information please contact
Amrith Rao
Call - 9619851087
Email - [email protected]
Talwalkars' franchise model:
The HI FI business model has been designed thoroughly to give 100% success to each franchisee partners who put their trust & faith in the HI FI team led by Mr. Madhukar Talwalkar. It is designed to deliver fantastic, result oriented fitness experience which makes it unique and joyful at extremely affordable rates, keeping investment low and payback returns high.
Rolling out a new franchise is a streamlined process involving these 8 stages:
Stage 1 – Site Selection
The most important cog in the success machinery of a business like ours is the location of the centre. It needs to be readily accessible to the target population. Franchisees are requested to shortlist 4-5 locations while making the deposit. Their Project Manager then visits and evaluates all options before finalising the right location.
Once the location is finalised, the franchisee will enjoy a secure territory and complete support from Talwalkars.
Stage 2 – Site Measurement & Evaluation
Once the location has been finalised, the Project Management Consultancy, swoops in on the site to measure it and produce the layout for the design team. It also identifies the variables that affect the capex and determine the main signage and branding placement.
Stage 3 – Club Design
The project management team turns around all the construction drawings of the club based on preset criteria and the layout of the site in 6 days.
Stage 4 – Project Management
On approval of the club design, a team of empanelled architects, contractors, vendors and suppliers converge to give the final shape to your HI FI centre. The team is trained and groomed beforehand, and pre-set standards and specifications applied. Where possible, material finishes are procured from set vendors to ensure consistency of design, customer experience and branding.
These measures ensure that the 45 day deadline for finishing the project is met.
Stage 5 – Staff Recruitment & Training
A place is only good as its people. Which is why they guide you as you go about building your team. They help you set up the organisation structure, pay scales and incentives. They provide online support or back-end operations and trouble shooting. The key staff is trained in club management systems.
Their business training partner, Empower, assists you in recruiting, training, system deployment and management. The software is web based and centralised.
Stage 6 – Pre Launch
Fifteen days before launch, they start on a well-calibrated event that is controlled and executed by the Operations Management Consultancy. All crucial considerations such as recruitment of core team or pre-sale marketing and pricing are fleshed out in detail here. With good coordination between the PMC and the HI FI project team, the pre-sale is a guaranteed success.
Stage 7 – The Launch
To help you kick-start your HI FI with a bang, Empower assists you in targeting the right target audience with the right programs.
Customized, fully integrated marketing campaigns are rolled out to advertise your club in your city.
Stage 8 – Marketing Guidance
Since marketing is an on-going process, they are always at hand to help you devise programs to cultivate more customers. Their annual calendar of marketing initiatives and promotional campaigns is the most important consideration in all their plans. They identify the message and the time of its release.
To ensure cost efficiency and brand standards, creatives are shared with you for execution.
Why Choose Talwalkars Hi Fi:
- Custom made for Tier I II III & IV towns and catchment areas
- Faster payback (2-2.5 years) & Low Investment
- Enhanced customer experience - Energetic warm design and space planning
- Entrepreneur friendly design - Easy to manage
- Low procurement costs due to complete standardization of specs
- Maximum efficiency thanks to a state-of-the-art club management system
Financials at a Glance:
| HI FI | Type III (YEAR I) | Type II (Year I) | Type I (Year I) |
|---|---|---|---|
| Income* | 1,05,00,000 | 72,50,000 | 50,00,000 |
| Total expenses | 60,00,000 | 42,00,000 | 29,00,000 |
| Royalty | 6,30,000 | 4,35,000 | 3,00,000 |
| EBIDTA | 38,70,000 | 26,15,000 | 18,00,000 |
| EBIDTA % | 32% | 34% | 34% |
| ROI | 39% | 34% | 35% |
| Payback in months | 26 | 29 | 29 |
The club types:
The club types are decided based on the city and location
| Club Type | Population (In lacs) | Investment (In Rs. lacs) | Area (In Sq. Ft.) |
|---|---|---|---|
| Type I | 1 – 1.5 | 45 – 55 | 1500 |
| Type II | 1.5 – 2.5 | 65 – 75 | 2000 |
| Type III | >2.5 | 85 – 95 | 2500 |
Unique Benefits:
- Low investment Rs. 55 to 85 lakhs
- High Return on Investment 35 – 50%
- No blocked working capital
- Systems and Trainings for easy management of health club
For enquiry about franchise of Talwalkar Hi Fi Gym, call at : 9619851087
Locate Talwalkar Gym in India with this link: http://www.myhifi.in/join-Hi-Fi-locations.html
About Talwalkars Hi Fi
The company Talwalkars Better Value Fitness Ltd, popularly known as Talwalkars, was established in 1932, is India's largest chain of health clubs. It has 152 Health Clubs across 80 cities in India on a consolidated basis, with over 200,000 members.
HI FI, a brand designed at making fitness a part of people’s lifestyle and a business modelled to provide assured returns, backed by the guidance and assurance of India’s biggest name in health and fitness “Talwalkars”.
HI FI is an active, dynamic, edgy and joyful brand, with the buzzing environment of a fitness channel. A brand and experience that informs, inspires and enthuses the society to be Healthy & Fit. A Movement that spreads Fitness around Country... it is ‘Healthy India Fit India’.
Vision
To create a health movement where every individual is a part of it irrespective of age, sex, income, or geographical location.
Mission
To create a delivery system that democratizes health and fitness by being available, accessible, and most importantly desirable.
1. Are there any other hidden costs or investments?
Ans. 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.
2. Do you as franchisor invest?
Ans. They do not invest as this is a pure franchisee model, they provide the brand, the complete expertise, complete standardization, full training, management support, operating web based system, but investment is fully done by the franchisee.
3. What do you charge?
Ans. As franchisor they charge Rs 10 lacs license fee for providing their 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).
4. Do you provide staff?
Ans. They don’t provide staff but they help in the selection by recommending agencies who are trained in recruiting as per their set standards, also they use their network of clubs across 61 cities to help you get staff. Where possible, we do phone interviews and also SKYPE interviews.
5. Do you help in getting finance?
Ans. They don’t do it, but they can guide you to professionals who help raise funds.
6. What is the profitability?
Ans. The ROI is 35-50% and you can recover your investment put in about 2.5-3 years.
7. Can I set up a franchisee in a city where a Talwalkars is present?
Ans. YES you can, provided both do not cannibalize into each other. For that they recommend a minimum distance of 5 kms from an existing Talwalkar health club. But the final decision rests with the company.
8. Do I get a secure territory?
Ans. YES once you sign up for a location normally they give at least a 3 Km radius as secure territory.
9. Is HI FI part of Talwalkars (TBVF Ltd), the listed company?
Ans. Yes it is.
10. Can I do the interiors with my own contractors?
Ans. They strongly recommend you go with their empanelled contractors to avoid mistakes leading to increased costs due to non-adherence or mistakes vis a vis brand standards.
11. Can I do any other changes?
Ans. All elements that contribute to the brand are standardized and controlled by the company and the franchisee is not permitted to change it.
