Food Adda Franchise Cost, Profit, How to Apply, Requirement, Investment, Review | SkillsAndTech
Have you ever wanted to own your own business? Be your own boss? Are you looking for a franchise in USA? Then this franchise is right for you. To know about how you can get this franchise in the following paragraph. You can know about the cost and profit you can make through this franchise. You can even learn about the requirements that are needed for this franchise.
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Table of Contents
Food Adda Franchise Wiki
Food Adda Founder & CEO Hardik Savla started his journey in 2016 with a little investment of Rs. 50000 from a street cart in Borivali – Western Mumbai.
Thanks to co-founder/MD/Chef Mr Parth Mehta, who contributed his invaluable knowledge, Food Adda was the first company to offer such high-quality sandwiches, pizzas, and pasta on the go at the moment. The specialities at Food Adda outlets were really a sensation with all foodies.
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Food Adda received such a favourable response within the first 2 months that operations had to be moved from a stall to a local shop, then to a larger shop, and eventually to the Flagship and Present shop because of overcrowding.
Food Adda Franchise Benefits
- White starting a new franchise, the company agreement terms will be valid till 5 years, which can be renewed further on future terms.
- Fully trained staff/employees will be provided by the company themselves.
- Raw materials will be delivered directly to your outlet.
- Online Marketing, Social Media Marketing, Transport and logistic support, all these things will be provided by the company.
Food Adda Franchise Financial Assistance
The franchisor may offer financing programs to its franchisees. The options and terms could be affected by several factors, including the creditworthiness of the franchisee, accounting rules, and availability of funds.
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Food Adda Franchise Cost/ Investment / Price / Fee
ased on the business model, the initial investment to start a Food Adda franchise is 15,00,000(fifteen lakh) to 20,00,000(twenty lakh) Rupees Depending on the size and demand of expenditures. The franchise fee taken by the company is 4,00,000(four lakh) Rupees including GST. It minimum needs 200 square feet of area for a shop of Food Adda. The royalty fee taken by the company will be 7% on sales plus GST.
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Below is the detailed cost breakdown for starting a new franchise.
Type of Cost/Investment | Amount in Rupees |
---|---|
Franchise Fees (including 18% GST) | 4,72,000 |
Kitchen & Machinery equipment | 6,00,000 |
Furniture and Interior cost | 4,50,000 |
Branding and Signage cost | 50,000 |
Marketing cost | 40,000 |
Advance raw material cost | 50,000 |
Other expenses | 30,000 |
Total Cost to start Franchise | 17,00,000 |
Food Adda Franchise Requirements
This is highly confidential information. Because this company had not disclosed it. You can only know about this after applying for the franchise. All this will be discussed when the basic criteria are met and fulfilled. You can know the procedure as follows.
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Food Adda Franchise Profit
Franchise revenue depends on a wide range of factors, as does profit. How much money you can make from any franchise depends on a number of specific factors such as franchise location, labor costs, commercial lease rates and a number of other factors.
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Using an example, we’ll evaluate the Food Adda franchise profit margin. The Gross Sales will be reduced by all costs. Here we will consider 3 cases in gross sales. Best case, Average case, and the worst case of sales. Please do have a look at the below table to know the profit margin of the food adda franchise.
Particulars | Best Case (Amount in Rs.) | Average Case (Amount in Rs.) | Worst Case (Amount in Rs.) |
---|---|---|---|
Monthly sales | 5,00,000 | 3,80,000 | 2,60,000 |
Cost of Material (30%) | -1,50,000 | -1,14,000 | -78,000 |
Rent for shop | -50,000 | -50,000 | -50,000 |
Electricity & water Expenses | -15,000 | -12,000 | -10,000 |
Employee Salary | -60,000 | -50,000 | -50,000 |
Royalty (7% + GST) | -41,300 | -31,400 | -21,500 |
Zomato Swiggy Commission | -25,000 | -15,000 | -10,000 |
Other expenses | -20,000 | -15,000 | -15,000 |
Total Net Profit | 1,41,000 | 93,000 | 26,000 |
How to Apply For Food Adda Franchise
To get the franchise first you have to fill the form. Then the company officials will contact you for further details. After that you you can open this franchise.
Contact details
Website
FAQ
Is Food Adda Franchise profitable
Yes, it is profitable but suggest to start only if you are from metro cities or megacities (tier 1, tier 2 cities) of India. Else in small town, your profit will not worth it.
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Who is the founder and owner of Food Adda?
Hardik Savla is the founder and CEO of the company. while Mr Parth Mehta is the co-founder and MD of the company.
What is the food adda franchise cost in India?
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The initial cost to start a Food Adda franchise is 15,00,000 to 20,00,000 Indian Rupees. This figures can vary depending on some different factors.
How much does it cost to open Food Adda Franchise ?
ased on the business model, the initial investment to start a Food Adda franchise is 15,00,000(fifteen lakh) to 20,00,000(twenty lakh) Rupees Depending on the size and demand of expenditures. The franchise fee taken by the company is 4,00,000(four lakh) Rupees including GST. It minimum needs 200 square feet of area for a shop of Food Adda. The royalty fee taken by the company will be 7% on sales plus GST.
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Below is the detailed cost breakdown for starting a new franchise.
Type of Cost/Investment | Amount in Rupees |
---|---|
Franchise Fees (including 18% GST) | 4,72,000 |
Kitchen & Machinery equipment | 6,00,000 |
Furniture and Interior cost | 4,50,000 |
Branding and Signage cost | 50,000 |
Marketing cost | 40,000 |
Advance raw material cost | 50,000 |
Other expenses | 30,000 |
Total Cost to start Franchise | 17,00,000 |
Is a Franchise?
Yes, a franchise.
What is The Difference Between Franchisor vs. Franchisee
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What Is The Difference Between Franchise Vs. Sole Proprietorship
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Conclusion
Food Adda is a good and trending fast food franchise in the market, their specialities are their sauces and their presentations. People are getting attracted to their outlets through their active social media and internet marketing.
The franchise is no doubt profitable, but it is worth if you are in the cream location of the city surrounded by the youth customers. This franchise will work better in Metro cities and Megacities, small towns should avoid this due to low traffic and less demand.
Disclaimer: The information given in this article like investment may vary from place to place, so we are not sure about the investment part and other parts also.
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