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Bikanervala Franchise: Cost, Profit and How to Start in 2024

Bikanervala is a renowned name in the Indian food industry, celebrated for its wide range of sweets, snacks, and traditional Indian cuisine. With a strong brand presence and loyal customer base, a Bikanervala franchise offers a lucrative business opportunity. In this blog, we will delve into the costs, profit potential, and steps to start a Bikanervala franchise in 2024, with insights on how Tradesworld can assist you in this venture.

Why Choose a Bikanervala Franchise?

Investing in a Bikanervala franchise comes with several advantages:

  • Established Brand: Bikanervala is a well-known and trusted brand in the food industry.
  • Diverse Product Range: Offers a variety of sweets, snacks, and meals, catering to a wide customer base.
  • Support and Training: Comprehensive support and training provided by the franchisor.
  • Proven Business Model: A successful and replicable business model that ensures profitability.

Cost of Opening a Bikanervala Franchise

Opening a Bikanervala franchise involves several costs. Here’s a detailed breakdown of the estimated expenses:

 

Franchise Fee-2 to 10 lakh

 

Estimated setup cost-25 to 40 lakh

 

Initial Inventory-5 to 10 lakh

 

Royalty Fee-5%

 

Other Expenses-10 to 20 lakh

 

Franchise Agreement-5 years

 

Total Investment-2 to 5 Crore

 

Detailed Cost Explanation

  1. Franchise Fee: This fee grants you the rights to operate a Bikanervala franchise, including initial training and ongoing support.
  2. Infrastructure Development: Costs for setting up the outlet, including construction, decor, and furnishings.
  3. Equipment and Furnishings: Essential equipment such as kitchen appliances, seating arrangements, and interior decor.
  4. Initial Inventory: Initial stock of ingredients and supplies needed to start operations.
  5. Initial Marketing and Promotion: Initial marketing efforts to create brand awareness and attract customers.
  6. Working Capital: Funds to cover operational expenses during the initial months of business.
  7. Tradesworld Service Fee: Charges for Tradesworld’s comprehensive services, including site selection, financing assistance, and project management.

Profit Potential in 2024

A Bikanervala franchise offers significant profit potential due to its established market presence and growing customer base. Here’s an overview of the potential financial performance:

 

Total investment-2 to 5 crore

 

Profit Margin-10 to 15%

 

Return on Investment-4 to 5 years

 

Profit Calculation

  • Annual Revenue: Total income generated by the franchise in a year from sales of sweets, snacks, and meals.
  • Gross Profit Margin: Percentage of revenue remaining after deducting the cost of goods sold (COGS).
  • Net Profit Margin: Percentage of revenue remaining after all operating expenses, taxes, and interest are deducted.
  • Payback Period: Time it takes to recover the initial investment from the profits generated.

How Tradesworld Can Help

Tradesworld specializes in facilitating franchise setups, providing comprehensive support throughout the process. Here’s how Tradesworld can assist:

Site Selection

Tradesworld helps identify prime locations for your Bikanervala franchise, ensuring high visibility and accessibility. Services include:

  • Market analysis
  • Demographic studies
  • Lease negotiations

Financing Assistance

Tradesworld offers support in securing financing through:

  • Bank Loans: Assistance with loan applications and negotiations.
  • Government Schemes: Guidance through the application process for various government funding schemes.
  • Investor Networks: Connecting franchisees with potential investors.

Project Management

Tradesworld manages the project from start to finish, ensuring timely and cost-effective completion. Services include:

  • Overseeing outlet setup and installations
  • Coordinating with vendors for equipment and inventory
  • Ensuring compliance with local regulations and franchise standards

How to Apply for a Bikanervala Franchise

Step-by-Step Application Process

  1. Research and Initial Inquiry: Visit the Bikanervala brand's official website or contact their franchise department to gather information. Tradesworld can assist with this initial inquiry.
  2. Submit Application: Fill out the franchise application form available on the Bikanervala brand's website. Tradesworld can help ensure your application is complete and accurate.
  3. Initial Meeting: Attend an initial meeting with the Bikanervala brand’s franchise team to discuss your interest, experience, and financial capability.
  4. Review and Approval: The Bikanervala brand reviews your application and conducts background checks. Upon approval, you will receive a franchise agreement.
  5. Sign Franchise Agreement: Review and sign the franchise agreement. Tradesworld can provide legal assistance to ensure you understand all terms and conditions.
  6. Training and Setup: Attend the training program provided by the Bikanervala brand. Start the setup process for your outlet with Tradesworld’s project management services.
  7. Grand Opening: Launch your Bikanervala franchise with marketing support from both the Bikanervala brand and Tradesworld.

Frequently Asked Questions (FAQs)

What are the ongoing fees associated with a Bikanervala franchise?

Franchisees typically need to pay ongoing royalty fees, which are a percentage of the monthly gross sales. These fees support the brand’s national marketing efforts and ongoing operational support.
 

1. How Much Does a Bikanervala Franchise Cost?

The investment of the Bikanervala franchise varies based on the location and store size. total initial cost ranges from Rs. 2 crore to 5 crore. The minimum area required to open an outlet is 1200 sq. ft to 2000 sq ft.

2. Why Choose a Bikanervala Franchise?

Bikanervala offers a wide range of high-quality food products, including Moong Dal Halwa, Bikaneri Bhujia, Kaju Katli, and other mouthwatering treats.
The brand has a strong reputation and a large customer following in India. Most of the brand outlets are franchise models, allowing interested applicants to join the Bikanervala family.

3. Is Bikanervala Franchise Profitable?

 

Bikanervala franchises can be profitable, with a profit margin of 10-15%.

4. What Are the Requirements to Become a Bikanervala Business Partner?

Franchisees need to meet the initial investment requirements. They should have a passion for food and customer service.
Documents Required to Start a Bikanervala Outlet: Specific documentation may vary, but generally, you’ll need legal and financial documents, including business licenses, NOCs, and lease agreements.

5. What are the Cons of the Bikanervala Franchise?

challenges may arise, such as competition, operational costs, and market fluctuations.

6. How Can I Get a Bikanervala Franchise?

 

Interested individuals can apply through the official Bikanervala franchise website or directly contact the brand’s representatives.

Conclusion

In Conclusion, Bikanervala Franchise: Cost, Profit and How to Start in 2024 is an excellent option for entrepreneurs who have experience in business or who have previously operated a business. This franchise opportunity is not right for individuals looking to launch their first business. Because you must wait four to five years to receive your money back due to the high initial investment of two to five crores with a profit margin of 10 to 15%. needs between 1200 and 2000 square feet to set up an outlet, employs 10 to 12 people, and is a great option for entrepreneurs who want to market well-known Indian food.

Trades World

Joined on 03, Jan 2024  

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