The trend of opening a food franchise is quickly expanding in India due to a variety of factors. One of the most important reasons is that people simply cannot resist tasty food. In addition to that, people want food that is quick and easily accessible without disturbing their hectic working schedules. Waiting for a table at your favorite Chinese restaurant on a busy Tuesday is a nightmare!
And most importantly, the purchasing power of today’s eater has increased! Who doesn’t want food that is quick to make and cheap? This has caused the birth of an entirely new and profitable section of the retail food industry here in India; Food Franchises!
When researching the number of existing restaurant chains in India, you will discover thousands of possibilities in a wide range of cuisines and food varieties. Choosing a brand that meets your budget, interests, and skills is not a simple task. However, you can always pick your best option by weighing the pros and cons of the brand.
If you want to start a food franchise in this booming market, you’ve come to the right place.
The Most Popular Food Franchises in India
1. Belgian Waffle
Belgian Waffle is India’s first waffle franchise business started by Shrey Aggarwal with his co-founder Alisha in 2015. The company has monthly revenue of more than 5 lakh rupees. There are about 500 Belgian waffle franchises spread across India and Nepal. The minimum investment necessary to open a Belgian waffle franchise business is 10–12 lakhs for a kiosk and 16–18 lakhs for a café. The period of the agreement is three years.
KFC stands for Kentucky Fried Chicken and started in, well, Kentucky, USA. KFC first began franchising in the United States in 1952, and by the late 1990s, it had become a household name in several Asian nations. Being a Fortune 500 firm means that it has over 40000 locations all over the world. KFC’s franchise business costs for conventional locations are INR 50 lakhs, while those for non-conventional locations are INR 1 crore. The overall cost is somewhere between 1.5 and 3 crores of Indian rupees.
3. Domino’s Pizzeria
Founded in 1960 and currently directed by CEO Russell Weiner, Domino’s Pizza, Inc., or simply Domino’s, is an American pizza franchise business with locations all over the world. The company was founded in Delaware, and it now has its headquarters in Domino’s Farms Office Park in Ann Arbour. By the end of 2018, Domino’s had around 15,000 stores across the globe, with 5,649 in the United States alone, 1,500 in India, and 1,249 in the United Kingdom. Pizza Hut operates in more than 83 countries and 5,701 different locations. It requires an investment of around INR 30-50 lakhs.
Subway, which was founded in 1965 by Fred DeLuca and Peter Buck, is a sandwich shop, salad bar, and beverage chain with locations all over the world. It had about 41,600 outlets in over a hundred different nations. If you want to buy a franchise business but have a limited budget, this is your best bet. To do so would cost between 53 and 81 lakh Indian rupees. In a year, you could make back between fifty and sixty per cent of your initial investment.
5. La Pino’s
In 2011, Sanam Kapoor opened a pizza shop called La Pino’s Pizza. It all began in Punjab’s capital city of Chandigarh, and today it has more than 500 outlets across India. The costs associated with opening a La Pino’s range from around INR 30 lakhs. The average time it takes to recoup the initial investment is 16–20 months, and the monthly royalty fee is 4% of gross sales.
6. Pizza Hut
One of the best pizzas can be found at this American fast food company. Dan Carney and Frank Carney established the company in 1958 in Wichita, Kansas. Pizza Hut currently operates around 18,703 restaurants across the globe. The initial investment needed to launch a franchise business ranges from INR 15–30 lakhs. The store will make you around INR 20000 worth of sales every month, even when the business has been low.
When the group first opened its doors in 1980, it was a single speciality restaurant in Ahmedabad. Today, the company has more than 150 restaurants in over 30 countries. It is well-known in India, the United States, Canada, the United Kingdom, the United Arab Emirates, and Australia, among other places. The initial investment for a Sankalp restaurant franchise is between 30 and 50 lakhs, and there is a 10 lakh non-refundable restaurant franchise fee. Sankalp has a projected payback time of 2.5-3 years.
8. Dunkin’ Donuts
In 1955, Dunkin’ Donuts started offering restaurant franchises, and by 1960, the chain had more than 100 locations across the United States. These restaurant franchises can be found in 32 different countries, where customers may choose from among 70 unique doughnut flavours, as well as hot and cold cappuccino, bagels, sandwiches, and other bakery items. You can open a Dunkin’ Donuts restaurant franchise in India because the country is on their list of potential franchisees.
9. Taco Bell
The Taco Bell fast food chain originates in the United States. Meals are primarily of a Mexican style. As of the year 2018, they may be found in roughly 7,072 locations globally. Downey, California native Glenn Bell started the company in 1962. It’s a spinoff from Yum! Brands.
Since it is one of the very few fast food chains, the franchisee has a vested interest in Taco Bell’s success because of the increased earnings that come from serving Mexican cuisine. The ensuing revenue is significantly higher. The total capital investment required is around 3 crores.
Haldiram has come a long way, from a small namkeen shop to a massive snack and frozen food empire. Started in Bikaner in 1941, the company has expanded to nearly 23 countries beyond India. Its various manifestations can be found in more than 80 nations.
Opening a Haldiram’s food franchise is expensive, but the investment is well worth it. Costs range from INR 1–4 crores for their fast food or casual dining establishment.
Starting a food franchise business is not going to be an easy task, but if you do it with a well-known brand, you can expect to see significant returns on your investment more quickly. Before leaping to conclusions based on a few lines of information, you should make sure that you have done sufficient research.
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