Retail franchise project post COVID19 strategy

Closed
Chronos Works Inc.
Calgary, Alberta, Canada
Chuck Bean
Founder
(3)
3
Project
Academic experience
120 hours of work total
Learner
Anywhere
Advanced level

Project scope

Categories
Market research Product or service launch
Skills
franchising
Details

We are working on a model for a health and wellness franchise… it would be a retail style kiosk (about 400 square feet) that would be placed in serviced (already available restrooms, security, etc) high traffic locations such as malls, downtown towers, large work places, transportation centers, tourist spots and other high traffic areas. Locations would be turn-key and follow the typical franchise strategy of having owner operators, with corporate oversight, branded products and services, corporate distribution of retail products, etc.

What we are wanting to do is:

  • establish market potential
  • define market acceptance
  • understand the current competitive landscape which is highly fractured and early stage at the moment
  • gauge interest with potential franchisee targets (which are very specific)
  • grasp pricing ranges for services
  • and likely a few other items.

This would an absolute start-up… we have a concept that we are wanting to explore.

Deliverables
No deliverables exist for this project.

About the company

Company
Calgary, Alberta, Canada
2 - 10 employees
Technology, Sales, Business services, It & computing, Business & management

Chronos Works Inc. is an application for pre-CRM sales territory development and management that is currently in prototype stage. The system provides a much needed and not currently provided step of pre-planning for sales professionals.