The Franchisee Agreement will be for an initial period of three years. The agreement can be renewed for further term , with a maximum of 10 years, on the sole discretion of Flavors of London ice Cream.
Depending upon the format of the outlet, the Franchisee has to pay an Initial Franchise Fee (RS.) to the Franchisor at the time of approval of the site for opening of the franchised outlet.
The Franchisee will give security deposit to the Franchisor as agreed between the parties. The security deposit is to be made by the franchisee per assigned outlet. No interest is earned on the security deposit.
On termination of the franchise agreement, the Franchisor will not bound to refund the security deposit But franchisee will bound for settlement of all outstanding dues.
The Franchisee will pay a fixed Yearly fees, as brand royalty, to the Franchisor.
The type of outlet and the geographical area will be agreed and specified in the final agreement, however, there are three formats based on location and outlet size:
|OUTLET SIZE||KIOSIC||SMALL OUTLET|
|OUTLET SIZE||150 Sq.ft.||150 Sq.ft.to 250 Sq.ft.|
|OUTLET OFFERING||ICE CREAM PARLOUR||ICE CREAM PARLOUR|