Date:07/05/2008 URL: http://www.thehindu.com/2008/05/07/stories/2008050755861700.htm

Business - Briefly

TCY introduces fixed royalty model

LUDHIANA: Top Careers & You (TCY), a provider of college-level test preparation and school-level supplemental education services, has introduced a subscription-based model, Fixed Royalty model, which gives the franchisee an option to earn more. The model has low start-up cost, subscription-based royalty, high return on investment and training and back-up support. According to the fixed royalty model, the franchisor gives a major chunk of the revenue (earned) to his franchisees, says a release.