
The Food industry is said to be the most profitable sector, only being second to the health care sector in India. The profit scale of this industry has risen thanks to many food processing brands that have won the hearts of many food lovers in India. With the varieties and innovative ideas brought up by different companies, the overall scope of the Food sector has increased tremendously. Out of the many food processing items, one which is savoured by many is waffles. And the first name that rings a bell in the minds of people at the mention of waffles is Belgian Waffle.
Having its origin in the year 2015, Belgian Waffle Co. is owned and managed by a brand called Bloombay Enterprises LLP which was founded by Shrey Aggarwal and Co-founded by Alisha Shirodkar. Right from the beginning, Belgian Waffle is one of the first entrants in the Food processing sector became a likeable food item for many people in India. Since its foundation, the brand has come a long way ahead by having more than 200 + stores in 50 + major cities of the country. As compared to other companies in the same sector this is a big feat in itself.
Unlike other brands in the food processing sector, the return on investment period of Belgian waffle is quite early and it provides a low investment high profit type of model. Belgian Waffle offers two types of franchise models to the interested candidates as per their financial conditions. The brand has been successful in understanding the Indian markets and hence considering the population of vegetarians, it only offers waffles that are eggless. The quality and the variety of waffles served by Belgian waffle is something that is helped them in getting immense popularity among the people.
Being an Indian brand in a food processing sector has an advantage in itself. However, Belgian Waffle has various other advantages and USP’s which are beneficial for individuals who are its unitholders. The various advantages of acquiring Belgian Waffle franchise is mentioned as follows.
As discussed above, Belgian Waffle offers two types of Franchise models to the interested candidates, one is a kiosk model and the other is a café model. The investment amount for both the models varies and ranges between 20 to 25 Lakhs INR as per the model selected. The individual is also required to pay 8 Lakhs INR as a Franchise fee.
The expected return on investment is said to be within 12 months of operations. There is no disclosure about the profit percentage, however, every unit is expected to pay a royalty fee that varies between 8% to 12.5% as per the gross sales.
Before signing the Franchise agreement, as a potential unitholder you are required to fulfil few of the obligations that are mentioned by the brand. The various requirements are mentioned as follows.
There are various ways through which one can contact the brand for Franchise, such as visiting the head office or the official website. The easiest way is to head to their official website and fill the Franchise form. You would be later contacted by the representatives of the brand and the process would scale further. The official website of the brand is as follows.
FAQ’
Around 20 to 25 Lakhs INR.
A kiosk and a café model.
Visit the official website, https://thebelgianwaffle.co/
Around 200 + outlets.
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