Investment: £10k-£20k
Franchise Focus
More than a phone, more than a watch
The fast-growing American mall kiosk franchise, Cronio Phone Watches, expands into the UK
INVESTMENT LEVEL: FROM £10,000 H
aving travelled around the world as a cabin crew chief for more than a decade, Sharon Edwards wanted a life closer to home. After discovering a Cronio
Phone Watch store in a shopping mall one afternoon, Sharon was impressed by the product and when opportunity presented itself in the form of an available kiosk space in a busy mall, Sharon took the leap into a new arena by investing in a Cronio Phone Watch franchise.
She left a low monthly – but still safe and steady – income into the world of self-employment. Just months after becoming her own boss, Sharon has built up a five-figure
monthly income. In addition, she has another two part-time employees, giving her the benefit of flexible working hours. Sharon will soon be opening her second Cronio Mall Kiosk franchise in another high-footfall area. The business model is easy to operate, as it can be run with no other employees. Constant innovation and development from the franchisor ensures that franchisees will always have the latest products available to their customers. In addition to revenue created from the shopping mall kiosk, the franchisee also benefits from online sales on their own website. The Cronio Phone Watches kiosk is not limited to shopping malls; it can be located in other areas such
as airports, railway stations and cinemas. Setting up your own business can be achieved within days with the Cronio Phone Watches turnkey franchise model. Franchisees have the edge over future competitors, as the franchisor keeps stock consistently up-to-date with new technology in the market.
Experience in the retail industry
• Proven financial resources. The master franchisee must have the wherewithal (either alone or with other investors) to buy the franchise rights, set up prototypes and systems, and develop the franchise business in the agreed territory
• Proven management skills. For the most part, the master franchisee will be functioning in exactly the same way as the franchise does in its original territory
The top reasons to invest in a mall kiosk franchise with Cronio Phone Watches:
Benefits Low rental cost
Technology Access to internet, telephone and security on the premises
Flexibility
Island module type is highly effective for promotions and high-impact displays
Relatively low start-up costs and high
returns make this an appealing opportunity. Depending on the candidate, Cronio Phone Watches will sometimes offer up to 50 per cent finance, if the complete capital is not in place. The investment level starts from between £10,000 to £30,000 depending on location and size. In many cases, the return on investment is a matter of months.
The company is also seeking a suitable candidate to hold a master franchise licence, on offer for £95,000. The ideal master franchise investor is someone with sufficient financial resources to develop a network of franchises in a specified country or region. It is a major management role supported by the know-how and experience of the franchisor. These are the qualities Cronio Phone
Watches are looking for in a master franchisee:
• Familiarity with the local market Location
Passing your kiosk is mandatory in order for visitors and potential customers to access other stores
Display 360-degree showcase to catch the attention of clients
Permanent exhibition
Facilitates the sale of your phone watch products
Innovation There is the exciting potential for growth, as phone watches are the ‘next big thing’ and you will be one of the few people selling this unique product n
CRONIO PHONE WATCHES
WEBSITE:
www.cronio.co.uk EMAIL:
info@cronio.co.uk PHONE: 02082 528 269 CLASSIFICATION: Retail
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Businessfranchise.com | December/January 2015
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