Showing posts with label franchise. Show all posts
Showing posts with label franchise. Show all posts

Sunday, March 7, 2010

Start Coffee Shop


Coffee shop is one of the most popular business ideas, young entrepreneurs adopt. In the recent 10year period, there has been many foriegn vendors have established their presence in India. A coffee shop is not just coffee, but a variety of food and beverages, which is a quick snac for customers.

The average coffee shop sells about 5,00,000 worth of coffee in a year. 52% of Indians drink coffee daily. 15% of Indians buy minimum a cup of coffee every day. 63% of Indians buy a cup of coffee occasionally – this number is increasing at the rate of 3-4% per year. It is better if you are expertise in coffee brewing, its best to start your own coffee shop otherwise you can opt for coffee shop franchise. Now the question "Choose Franchise or not" comes to mind, actually both have their own pros and cons.

A franchise offers many advantages like prebuilt advertising, promoting, procurement, reciepes, pricing, location, ambience etc. The master company promotes the product, inturn your shop benefits publicity, but you have to make a substantial financial investment in the startup, and pay an annual licensing fee for your coffee shop to use the franchise name and logos. The fee you pay varies from 6-11% of your revenues for advertising and royalty fees each year. When you opt for franchise, you are sure working on a proven concept, and benefit from experience of a successful business.

The average costs of opening a franchise coffee shop include 100,000 to 3000,000 in construction costs. Coffee shops which offer franchise and their rough estimates are

Barnie's Coffee Expansion FranchiseRestaurant and Cafe ShopRs. 10,00,000 - Rs. 25,00,000
BOOK CAFÉ FranchiseRestaurant and Cafe ShopRs. 25,00,000 to Rs. 50,00,000
Brewberrys hospitality pvt ltd FranchiseBrew Funs, Brew Smiles, Brew CoffeeRs. 5,00,000 - Rs. 10,00,000
CAFE COFEE DAY FRANCHISERestaurant and Cafe ShopRs. 50,00,000 to Rs. 10 Million
CHICKING FranchiseFast FoodRs. 25,00,000 to Rs. 50,00,000
Chipmunk's Playland & Cafe FranchiseEntertainment and LeisureRs. 10,00,000 - Rs. 25,00,000
Chokhi Dhani FranchiseEntertainment and LeisureRs. 10,00,000 - Rs. 25,00,000
COFFEE DAY XPRESS FranchiseRestaurant and Cafe ShopRs. 50,00,000 to Rs. 10 Million
CONNAUGHT PLAZARESTAURANTS FranchiseRestaurant and Cafe ShopRs. 25,00,000 to Rs. 50,00,000
Crazy Noodles FranchiseFood and BeverageRs. 10,00,000 - Rs. 25,00,000
Crepeteria FranchiseRestaurant and Cafe ShopRs. 1,00,000 - Rs. 5,00,000
DIXY PANBAN CHICKEN FranchiseFast FoodRs. 10,00,000 - Rs. 25,00,000
Dosa Plaza FranchiseFast FoodRs. 10,00,000 - Rs. 25,00,000
Food Factory Express FranchiseFast FoodRs. 10,00,000 - Rs. 25,00,000
Go! Chaatzz FranchiseFood and BeverageRs. 5,00,000 - Rs. 10,00,000
Goli Vada Pav FranchiseFast FoodRs. 10,00,000 - Rs. 25,00,000
Kaati ZoneRestaurant and Cafe ShopRs. 10,00,000 - Rs. 25,00,000
KIC FOOD PRODUCTS FranchiseFast FoodRs. 25,00,000 to Rs. 50,00,000
KWALITY WALLS FranchiseFood and BeverageRs. 5,00,000 - Rs. 10,00,000
LITTLE ITALY FranchiseFood and BeverageRs. 25,00,000 to Rs. 50,00,000
Motimahal Delux Management Services FranchiseRestaurant and Cafe ShopRs. 25,00,000 to Rs. 50,00,000
Nescafe FranchiseRestaurant and Cafe ShopRs. 25,00,000 to Rs. 50,00,000
Papa John's FranchiseRestaurant and Cafe ShopRs. 25,00,000 to Rs. 50,00,000
Ruby Tuesday FranchiseRestaurant and Cafe ShopRs. 10 Million +
SAGAR RATNA FranchiseRestaurant and Cafe ShopRs. 10,00,000 - Rs. 25,00,000
YO CHINA (MOODS HOSPITALITY) FranchiseRestaurant and Cafe ShopRs. 10,00,000 - Rs. 25,00,000
YOKO SIZZLERS FranchiseRestaurant and Cafe ShopRs. 10,00,000 - Rs. 25,00,000

Friday, February 5, 2010

Hotel business - Where to begin from

Hotels are the hot business in this computerized world. Although there are many hotels in the city, we still do not get seat when we enter into. So anyone who wants to start small eat-out can consider starting a hotel at small level and then develop big. I have listed some of the things which you need to consider when you start a hotel. QUALITY and SATISFACTION are the two mantras which you should keep hearing when you are in this hotel business.


There are 3 ways you can start a business,

Buy existing business - In this option you have to more careful. Analyze why its being sold, check for its reputation in the surroundings and bargain for best price.

Franchise - In this option, there are both ups and downs. You have to pay a big amount to get the setup ready as mentioned by the parent company. Every year you have to renew the franchise license. Advantage is the brand will be known to customers and you can gain their confidence easily.

Start from SCRATCH - This option is real real hard, which needs proper planning. The requirements will be

a) Location and Opportunity Choose the correct location for your hotel. Choose a place where there is hotel, who are not fulfilling all customer needs. If there are great hotels in the neighborhood, it will be hard for you to attract customers even if you charge less price. Research the location for about a month, learn customer requirement, look for items which are not available in near by places.

b) Strategy Ask the question "why my hotel?" within yourself, which will give you an strategy. There are different customers you have to attract, families with kids, couples, businesspeople, tourists? A good combination of amenities, atmosphere, location, and services will attract your customers. You might have to forgo certain customer target markets in order to make your service offering perfect for your most desired customers.

c) Planning Sit down and write down answer the questions listed below
  1. What is your product or service?
  2. State your company's goals and objectives.
  3. Marketing Plan
  4. How will your company differ from your competitors?
  5. Who your customers are?
  6. Who is your market?
  7. How long will this market need your product?
  8. What are the characteristics of your average customer?
  9. Who is your competition?
  10. What competitive advantage do you have over your competitors?
  11. What is the best way you plan to sell your product or service?
  12. How will you sell your product or service?
  13. How will you promote and market your product or service?
  14. Who are the employees of your business?
  15. What are their credentials?
  16. How does the business make money?
  17. How do you price your product or service?
  18. what inventory, raw materials and supplies the business uses.
  19. List your supplies and supplier.
  20. How easy or difficult is it to obtain supplies?
  21. Are their prices steady and dependable?
  22. State all of your business licenses.
  23. How will you finance your business?
  24. How will you manage your finances and what needs to be financed.
  25. Where will your finances come from?

4) Fundraising Assuming you do not have this money, you will need to seek bank loans. As you will be working with considerable assets, dependable and experienced legal and accounting help is a must as you create deals with investors.

5) Hospitality Mindset Finally, you must have a sense of how you want your guests to be treated.

Post your requirements in comments and I will give my suggestion from my experience.

All the best for your business.

Start Internet Cafe - Where to beginfrom

When you say Internet Cafe, its not only providing service for browsing, but it means a lot. There are many failures and many successes in this business, most important thing is to learn business pattern from successful cybercafes and also learn why some of them failed.

Self Planning
If you are well planned to start your business, then great. You only have to organize your thoughts, project expense to be bared, financial capital, project adequate running cost, sketch down month by month progress of how the business would run. If you think all these requires a great amount of time, then you have to shift to Internet Cafe Franchise

Franchises
Franchises already have a business model to run your internet cafe. Its more important from whom you take franchise, they should be well recognized and already reached to public. They have set of rules and plans which you should follow. The only disadvantage is you end up paying a little more amount for setting up your business but at the same time, you gain recognition and you pull customers from day 1.

Some checklist to consider before you start your internet cafe business.

  • Choose correct location, interior like furniture, wall decorations, and design for your Cafe should be appealing.
  • Choose correct location, interior like furniture, wall decorations, and design for your Cafe should be appealing.
  • You can offer branded Food & beverage services, coffee counter
  • Determine what to charge for computer time Type of computer equipment to purchase.
  • Check if you can provide WiFi network otherwise even wired network is also fine, but remember WiFi or wired, it should work most efficiently for an Internet Cafe.
  • Check best deals for peripheral equipment: printers, photocopying, faxing, scanners, telephone services & more
  • Offer fee internet classes which will attract elder people
  • Issue pamphlets on browsing, basic computer classes
  • Issue free teaching for making calls to foreign countries
  • Make money with computer LAN and Internet gaming Video conferencing, digital camera services, Resume services

All the best for starting your business.

 
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