About the Business
Explore the Franchise Business Module – Frequently Asked Questions (FAQs)
With a remarkable 15-year journey in the thriving Indian franchise industry, we have encountered a multitude of questions, concerns, and exciting business planning endeavors with our franchisees. We are eager to share some of the most common queries and insights:
Q: What is the initial Franchisee fee?
A: Typically, the IACT Franchise entails an investment exceeding One Lac (1,00,000) rupees to become an IACT Franchisee and authorized training partner. This fee encompasses the cost of initial materials, setup information, and registration charges, among others.
Q: How much should I invest to become an IACT Franchisee?
A: In the initial stages, the franchisee will bear the costs associated with securing premises, computers, furniture, and related essentials. If you are already operating a center, no additional investment is required.
Q: What space requirements are needed to establish an IACT center?
A: An IACT center necessitates a carpet area ranging from 600 to 1500 sq. ft. for any floor. The property title should possess legal permissions for hosting a computer training center. The facility should be well-maintained and provide a suitable environment for educational activities.
Q: Who is an ideal Franchisee?
A: An ideal Franchisee should fall within the age bracket of 25-40 years and hold at least a graduate degree. Preference is given to engineers and individuals with an IT background. We expect our Franchisees to be fully dedicated to the IACT business.
Q: What are the royalty fees?
A: IACT does not impose any royalty fees on your gross collections. Fees collected from students and other revenue sources are deposited directly into the franchisee’s account. IACT levies only nominal fees related to student registration and examination.
Q: What is your track record in terms of viability and profitability?
A: We take pride in sharing all our financials during our Expansion Face to Face Meeting as part of Step 3. You can review our track record and ascertain the level of profit you can expect to achieve.
Q: What is required for my success?
A: Refer to our ‘About You’ section for a comprehensive checklist of actions that guarantee your success. Our top franchisees diligently follow these guidelines, leading to substantial financial rewards.
Q: What levels of training and support will I receive?
A: We have a passion for training, and many of our team members are industry experts and trainers. Visit our ‘Training & Support’ section to see how we provide training at every stage of your development.
Q: Is technical expertise necessary for success?
A: Not at all – our dedicated IACT Support team possesses the knowledge and skills to address technical and marketing queries from your clients, providing solid backing. This allows you to focus on engaging with local businesses to bolster your revenue.
