Watsons, as a globally recognized drugstore chain, has a wide market and a good reputation. If you want to join Watsons, you must understand the specifics and requirements of Watsons franchise fee. This article will provide you with detailed information about Watsons franchise fee.
The specifics of the Watsons franchise fee
The Watsons franchise fee mainly includes brand royalty, decoration fee, equipment fee, security deposit and so on. Among them, the brand royalty refers to the franchisee's cost of using the Watson's brand, usually about 100,000 yuan. Decoration fee refers to the cost of franchise decoration, the specific amount depends on the size and area of the franchise. Equipment fee refers to the cost of purchasing the equipment and devices required by the franchise, usually about 50,000 yuan. The deposit is a fee that the franchisee needs to pay when joining, used to ensure that the franchisee's business behavior is legal and compliant, generally about 100,000 yuan.
Requirements for Watson's franchise fee
1. Have a certain degree of financial strength, to be able to afford the franchise fee and operating costs during the opening of the store.
2. Have a certain degree of business management ability, have relevant business management experience and skills.
3. Have legal business qualifications, can legally operate pharmaceutical products and medical devices.
4. Have a legal business premises, to ensure that the franchise business premises in line with the relevant regulations and standards.
Operating steps for Watsons franchise fee
1. Log on to the official website of Watsons to learn about the joining policy and joining requirements.
2. Submit an application to join, fill out the relevant application form to join, and provide relevant information and supporting documents.
3. Interview, Watson's headquarters will be interviewed by the franchisee, to understand its business management capabilities and experience.
4. Sign a contract, both sides reached an intention to cooperate, sign a franchise contract, and pay the appropriate franchise fee and deposit.
5. Store operation, complete the store decoration and equipment procurement, start business operations.