The retail franchising industry is expanding swiftly in India, and CRE Matrix team believed the time is right for brands to invest in the lease administration platform to manage all the leases of their various franchisees. Let us give you a background around where the franchise industry stands today and why this needs to happen now.
India has continued to be a ‘hot’ marketplace for franchising. Take a stroll alongside any busy street of the country and you will be greeted by the leading brands of the world. This nation is believed to be an enormous market for franchise businesses across the world thanks to its increasingly-faster growing population, youth capacity, and demand.
According to Franchise Bazar, the market trends of the last five years showcase that India has demonstrated a growth rate of 1.8%. Keeping the pandemic in mind, if entrepreneurs and investors continue to be heavily active in the franchising industry, the country is sure to hit 4-5% in the coming years, thereby offering a better likelihood of development in the future of franchising.
It is vital for franchisees to leverage tech solutions that can provide them with tools that can help in benchmarking your proposal to establish a new franchise in a property by comparing it with others in the market.
Here are a couple of ways how CRE Lease Matrix, a product of CRE Matrix, can help franchisees expand and grow in the Indian market:
Scalability
Franchisees have set up their business in numerous locations all over India and sometimes even the world. So, a leasing manager is entrusted with the difficult task of managing hundreds or thousands of leases together. Thanks to CRE Lease Matrix Management Software, you cancreate and add as many properties/leases as you would like and manage them efficiently in one centralized platform.
Allows for Benchmarking Against Market Comparables
Franchise businesses should be able to see where they stand in the market. Why is CRE Lease Matrix the best lease management platform for franchisers? It allows them to benchmark themselves against other businesses in the market and observe how and where they measure up. This will give franchisees enough time to make better optimal decisions that can help them grow, expand and develop in the market.
Error-free Data Analytics
Entering tons of leasing data in many spreadsheets and storing them in various files and folders will lead to errors which could prove to be costly in the long run. This is why CRE Lease Matrix is the leasing solution for franchising India since it maintains data under one centralized source in an indexed manner which results in quicker access and retrieval.
Authentic Data
It is vital for franchisees to work with authentic lease data to continue growing and expanding their business. CRE Lease Matrix abstracts significant data from lease documents such as a letter of intent, commercial approvals, term sheet, agreement & addendums, and so forth from clients either in hard copies or in digital format. The abstracted data has to go through a maker-checker process to ensure the authentication of the data.
In this way, franchisees will benefit and continue to expand and develop more with the help of India’s finest lease administration software – CRE Lease Matrix.
To know more, visit our website www.creleasematrix.com now.
