Lassi Shop Franchise From Application to Profit in 2024
01, Jul 2024
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Investing in a franchise can be a lucrative and exciting opportunity, especially in the ever-growing food and beverage industry. One such promising venture is the Lassi Shop franchise, known for its refreshing lassis, shakes, and other delightful beverages. In this blog, we’ll explore the costs, profit potential, and steps to get started with a Lassi Shop franchise in 2024. Additionally, we'll see how Tradesworld can help you navigate this business venture effectively.
Why Choose a Lassi Shop Franchise?
Lassi Shop has carved a niche for itself with its unique and delicious offerings. Here are some reasons why investing in a Lassi Shop franchise could be beneficial:
- Popular Brand: A well-known brand with a loyal customer base.
- High Demand: Increasing popularity of healthy and refreshing beverages.
- 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 Lassi Shop Franchise
Starting a Lassi Shop franchise involves several costs. Here’s a detailed breakdown of the estimated expenses:
Franchise Fee-2.5 to 3.5 lakh rupees
Estimated setup cost-2 to 3 lakh rupees
Initial Inventory-1 to 2 lakh
Royalty Fee-5%
Other Expenses-1 to 2 lakh
Working Capital-2 to 3 lakh
Franchise Agreement-3 to 5 years
Total Investment-10 to 20 lakh
Detailed Cost Explanation
- Franchise Fee: This fee grants you the rights to operate a Lassi Shop franchise, including initial training and ongoing support.
- Infrastructure Development: Costs for setting up the outlet, including construction, decor, and furnishings.
- Equipment and Furnishings: Essential equipment such as blenders, refrigerators, seating arrangements, and interior decor.
- Initial Inventory: Initial stock of ingredients and supplies needed to start operations.
- Initial Marketing and Promotion: Initial marketing efforts to create brand awareness and attract customers.
- Working Capital: Funds to cover operational expenses during the initial months of business.
- Tradesworld Service Fee: Charges for Tradesworld’s comprehensive services, including site selection, financing assistance, and project management.
Profit Potential in 2024
A Lassi Shop 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 cost for Lassi Shop franchise-10 to 20 lakh
Profit Margin-35 to 50%
Return on Investment-8 months to 2 years
Profit Calculation
- Annual Revenue: Total income generated by the franchise in a year from sales of beverages and related products.
- 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 Lassi Shop 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 Lassi Shop Franchise
Step-by-Step Application Process
- Research and Initial Inquiry: Visit the Lassi Shop brand's official website or contact their franchise department to gather information. Tradesworld can assist with this initial inquiry.
- Submit Application: Fill out the franchise application form available on the Lassi Shop brand's website. Tradesworld can help ensure your application is complete and accurate.
- Initial Meeting: Attend an initial meeting with the Lassi Shop brand’s franchise team to discuss your interest, experience, and financial capability.
- Review and Approval: The Lassi Shop brand reviews your application and conducts background checks. Upon approval, you will receive a franchise agreement.
- Sign Franchise Agreement: Review and sign the franchise agreement. Tradesworld can provide legal assistance to ensure you understand all terms and conditions.
- Training and Setup: Attend the training program provided by the Lassi Shop brand. Start the setup process for your outlet with Tradesworld’s project management services.
- Grand Opening: Launch your Lassi Shop franchise with marketing support from both the Lassi Shop brand and Tradesworld.
Frequently Asked Questions (FAQs)
What are the ongoing fees associated with a Lassi Shop 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.
How much cost is required to set up a Lassi Shop franchise?
Setting up a franchise of a Lassi shop requires around 10 to 20 Lakhs, which includes franchise fees, outlet setup costs, working capital, and others.
Is Lassi Shop Franchise Profitable?
Each Franchise outlet can make a 35 to 50% profit margin.
Conclusion
In conclusion, Lassi Shop Franchise From Application to Profit in 2024, with reasonable investment, a diverse menu, and an average profit margin, Lassi Shop is the best choice for owning a franchise. Franchise outlets require only 150 to 200 sq ft of area to set up, and 2 to 5 staff members to handle customer needs, and within 8 months to 2 years, you can earn a return on your investment based on your outlet location and size. Consider the pros and cons before you make your decision.
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