Why am I being charged a security deposit of 25 Lac?earing the cost of that?
The deposit is to ensure the intent of the partner of investing in the business. The money is refundable at the end of a period of 5 years.
Why my share is just 15%?
This percentage has been arrived at with the mindset of making a viable business with a very attractive RoI to the partner partner. The partner is supposed to create a centre and invest in it. The entire product and customer service will be done by UPSC Pathshala only.
What if I want to open just one centre?
Opening a minimum required number of centres is essential to the growth of the product in your region. We would want the partner to invest in the required number of partners. If the partner does not have enough capital available, we can bring in another partner to do the investment on a profit sharing basis.
What if we are not able to generate the targeted revenues in the area?
The business risk has to be borne by the partner and the company. The company will also be investing significantly in the marketing and sales efforts in the area
How much money will the company be investing in marketing?
Generally, the investment in marketing will be roughly 20% of the targeted revenue.
Can I get an exit at the end of 1/2/3 years?
No. The contract is for 5 years. If you decide to terminate it earlier than that, the company has the right to confiscate your security money.
What if I want to sell the centre to someone?
Yes but the person has to be approved by the company. The contract with the new partner will be valid for the remainder of the tenure of agreement with you. All the terms and conditions will remain the same.
Can I run the products/programs by other companies at the centre?
No. Only products and services of uFaber Edutech will be allowed at the centre. Any other activity involving any other brand has to be approved by the company.
Can I optimise my capital expenditure by using my own vendors for interior, rent settlement etc.?
Yes. The numbers given in the proposals are indicative. The partner will be free to optimise them in any manner considering the quality standards required by the company.
If there is an additional exam that has a market in the area, can the company provide assistance for that?
Yes. Company will provide the structured assistance for that course in a period of 45 days.
Can I get the courses in vernacular languages?
Yes. The course will be provided in the vernacular languages.
Will there be any non-compete clause?
Yes. During the time this agreement is in force, the partner cannot work/invest in any other examinations preparatory business.
If the capital expenditure increases due to higher rent in the designated area, will the company contribute to it?
No. The capital expenditure mentioned is an indicative number. Any increase or decrease in it will be the partner's responsibility only.
If for any unforeseen reason, the exams for which the preparation program is being offered, is shut down by the government; what will be the future course of action?
In those cases, the company will assist you with other products viable in your area to be run at your centres and area.
If I want to host the other products/any new product launched by the company at the centres, what will be the procedure?
All UPSC Pathshala centres will be allowed to host other products of uFaber Edutech. Some additional product hosting price might apply for such cases, which will be discussed. If there is a need to open new centres for these products, the existing partners will be given the first right to claim.
I want to use my own sales/marketing team for UPSC Pathshala. How does that change the revenue sharing?
In those cases, we would request you to take a separate affiliate model, which is directed towards having sales done by the partners.