The Bata company intends to extend its reach in tier-2 and tier-3 cities and for that it is going in for the Kstores which will be more than 20% of the current network in future wherein the company appoints an agent who runs the store and bears all employee costs associated with it, while the company bears all other costs such as store rent, furniture etc.
In return, the K-store agent gets a commission of 6-8% depending on the turnover of the store. One can call it a franchise store and do read the below related posts to get more information related to the franchisee opportunities available in India. Keep visiting the website for best stock tips which makes money by virtue of free daily Nifty tips in India.
High rentals is a key risk as tier-2 and tier-3 cities have been relatively less affected by the overall slump in the real estate market and economic slowdown.
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