Francorp and Boroian Eye More Clients in India

Francorp eyes more clients; to launch 10 global brands
http://www.thehindubusinessline.com/blnus/19261101.htm

NEW DELHI: US-based franchise consultant Francorp International on Thursday said it expects to secure 40-50 clients in India by next year-end, besides introducing 10 global brands here.

“We expect to have at least 40-50 domestic clients, especially from the education, retail and food and beverages segments in the next one year,” the Francorp Chairman and CEO, Mr Donald Boroian, told PTI on the sidelines of the Franchise India 2009 summi t here.

The company, he said, is eyeing a revenue of up to $5 million as franchise consultancy fee from the deals.

It is also working with some international brands and hopes to bring in at least 10 of them to India next year.

“Many firms from US and other countries, who are our clients overseas, are exploring options to foray into India and we expect at least 10 of them will launch operations here during 2010 under franchise arrangements with local partners,” Mr Boroian said.


He, however, refused to divulge the name of brands citing confidentiality but said each international client would bring up to $one million as fee. — PTI
http://www.thehindubusinessline.com/blnus/19261101.htm