Frequently asked questions
We've put together some commonly asked questions to give you more information.
If you have a question that you can't find the answer to, then feel free to ask.
What is the format for Smith and Morgan's franchise?
Outright purchase in 100% stock correction.
What will be the size of the store?
Minimum 250 square feet carpeted area to 1000 square feet carpeted area.
What will be the margin of the franchise?
The franchisee's margin will be 42% on fresh merchandise.
Will Smith and Morgan offer EOSS?
Smith and Morgan doesn't encourage EOSS, However if the situation demands EOSS, Smith and Morgan will offer a gross margin deduction of 10% on sold out products during the EOSS, the discount offered during the EOSS will be reimbursed by the company to the franchisee in the form of credit note at the end EOSS.
What are the payment terms?
First buy will be on advance payment of 80% of total invoice, approximately 6-7 lakhs. Payments shall be made in the sequence of the invoice received. First in and first out (FIFO). Weekly deposit against the purchased Invoices after deducting the margins. Maximum credit for all subsequent Bill's is 45 days from the billing date.
Will Smith and Morgan do any marketing for the launch of the store?
Yes, Smith and Morgan will plan a proper announcing the opening of its store in concerned city.
Will Smith and Morgan train the staff?
Yes, Smith and Morgan will provide the staff training for Product range, customer care, software and other related activities.
What is the next step?
Simply complete the Smith and Morgan franchise application form and submit to us. We shall contact you upon receiving the application form.
