Franchising with a reputable and beloved brand like Hira Sweets can be a lucrative venture for aspiring entrepreneurs. This blog provides an in-depth analysis of the costs, profit potential, and application process for a Hira Sweets franchise in 2024. Additionally, we'll explore how Tradesworld can assist you in making your franchise journey smooth and successful.
Hira Sweets is a renowned name in the Indian sweets and snacks industry, known for its wide variety of traditional sweets, snacks, and savories. The brand has built a strong market presence and a loyal customer base over the years. For entrepreneurs, opening a Hira Sweets franchise presents an opportunity to tap into a well-established market with a proven business model.
Opening a Hira Sweets franchise involves several key expenses. Here’s a detailed breakdown of the estimated costs:
Franchise Fee-1 to 3 lakh rupees
Estimated setup cost-5 to 10 lakh rupees
Initial Inventory-2 lakh
Royalty Fee-4%
Other Expenses-4 lakH
Working Capital-2 to 4 lakh
Franchise Agreement-NA
Total Investment-20 lakh
A Hira Sweets franchise offers significant profit potential due to the brand’s popularity and the growing demand for traditional Indian sweets and snacks. Here’s an overview of the potential financial performance:
Total investment-20 lakh
Profit Margin-20%
Return on Investment-2 to 3 year
Tradesworld specializes in facilitating franchise setups, providing comprehensive support throughout the process. Here’s how Tradesworld can assist:
Tradesworld helps identify prime locations for your Hira Sweets franchise, ensuring high visibility and accessibility. Services include:
Tradesworld offers support in securing financing through:
Tradesworld manages the project from start to finish, ensuring timely and cost-effective completion. Services include:
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.
Hira Sweets offers comprehensive support to its franchisees, including initial training, marketing support, ongoing operational support, and access to a dedicated franchisee support team.
Yes, Tradesworld can assist in establishing multiple Hira Sweets franchise locations, offering the same level of support and ensuring consistency across all outlets.
To open Hira Sweets franchise costs 20 lakh, this includes franchise fee, setup cost, working capital , and other costs.
As a franchise you can expect 20% profit margin. Within 2 to 3 years you can recover return on your initial investment .
If you are thinking to start Hira sweets franchise you need to have free space 20 to 50 sq feet
In conclusion, Hira Sweets franchise cost breakdown & profit potential in 2024. The investment required to open a Hira Sweets franchise is Rs 20 lakh, including a franchise fee of Rs 1 to 3 lakh and other costs. We need a 4% franchise fee for branding, marketing, and ongoing support. Requires 20 to 50 square feet of space and two to three employees. The brand provides staff training. As a franchisee, you can expect a profit margin of 20%. The Hira Sweets franchise presents a compelling opportunity for entrepreneurs.
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