What is the Cost of an Indian Spice Franchise?

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What is the Cost of an Indian Spice Franchise?

Indian Spice, a leading restaurant management and development company in South Asia, offers a lucrative franchise opportunity for aspiring entrepreneurs in the food and beverage industry. Established in 2018, Indian Spice has become a prominent name with a vast array of cuisines and a reputation for quality and innovation.

About Indian Spice

Indian Spice specializes in a wide range of cuisines including North Indian, Chinese, Continental, Thai, European, Seafood, Tandoori, and Sizzler. With a team of over 1200 hospitality professionals and 16 restaurants in key cities, Indian Spice provides expertise in various dining formats, ensuring a unique combination of taste and happiness.

Franchise Proposal

Franchise Levels and Fees

500 Sq. Ft. Franchise

Franchise Fee: Rs. 500,000
Revenue: Dependent on location and customer footfall
EBITDA: To be determined based on operational efficiency
Average ROI: High
Payback Period: 12-18 months
Royalty: 7% of gross sales

1500 Sq. Ft. Franchise

Franchise Fee: Rs. 1,000,000
Revenue: Dependent on location and customer footfall
EBITDA: To be determined based on operational efficiency
Average ROI: High
Payback Period: 18-24 months
Royalty: 7% of gross sales

2500 Sq. Ft. Franchise and Above

Franchise Fee: Rs. 1,500,000
Revenue: Dependent on location and customer footfall
EBITDA: To be determined based on operational efficiency
Average ROI: High
Payback Period: 24-30 months
Royalty: 7% of gross sales

Franchise Benefits

Training and Support

Pre-Opening Support: Site selection and approval, brand book for unit design, site design and development, equipment sourcing, training for efficient unit operations, operations manual, recipe manual, technical support, legal and licenses, launch marketing.
Post-Opening Support: Product supplies, menu innovation, marketing and brand pull, promotional schemes, technical support.

Marketing and Promotion

Comprehensive marketing support including local and national campaigns.
Promotional schemes and brand-building activities.
Technical support for online and offline marketing efforts.

Operational Assistance

Continuous training programs for franchisee and staff.
Centralized billing system to prevent manipulation and enhance transparency.
Performance evaluation through a robust centralized platform.
Strategic tie-ups with local vendors for supply chain efficiency.

Financials

Investment Breakdown

Franchise Fee:

500 Sq. Ft.: Rs. 500,000
1500 Sq. Ft.: Rs. 1,000,000
2500 Sq. Ft. and Above: Rs. 1,500,000

Setup Costs:

Kitchen Setup and Equipment: Rs. 2,000,000 (approx.)
Store Setup: Rs. 2,600,000 (approx.)
IT Equipment: Rs. 400,000 (approx.)

Other Costs:

Branding: Rs. 50,000
Working Capital: Rs. 500,000

Revenue and Profitability

Average Daily Customer Visit: 100 customers
Average Bill Value Per Customer: Rs. 100
Average Daily Sales: Rs. 10,000
Average Monthly Sales: Rs. 300,000
Average Annual Sales: Rs. 3,600,000

Fixed Costs

Rental and Maintenance: Rs. 25,000 per month
Salary: Rs. 40,000 per month for 6 staff
Electricity: Rs. 10,000 per month
Miscellaneous Costs: Rs. 8,000 per month

Profit Calculation

Monthly Fixed Cost: Rs. 83,000
Average Monthly Profit: Rs. 217,000
Average Annual Profit: Rs. 2,604,000

Steps to Get Started

Franchise Application: Complete and submit the franchise application form.
Approval and Agreement: Upon approval, sign the franchise agreement and pay the franchise fee.
Training and Setup: Begin training sessions and set up the business with support from Indian Spice.
Grand Opening: Complete the setup and launch the business with a grand opening event.

Conclusion

Investing in an Indian Spice franchise offers a robust business opportunity with comprehensive support across various levels. The brand’s structured franchise models allow for scalability and profitability, making it an attractive option for entrepreneurs.

For more information or to get started, contact: