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Wednesday, 22 April 2020
Five Mind-Blowing Food Kiosk Franchise Opportunities Under 10 Lakh
Read on to look for some of the best-selling food kiosk franchises that can be started with an investment of less than Rs 10 lakh.
BY arpita srivastava
Five Mind-Blowing Food Kiosk Franchise Opportunities under 10 lakh
For those who have big dreams to venture into business but are constrained due to lack of capital can take a breath and relax as kiosk franchising opportunity is in full swing. One of the biggest advantages of a kiosk model for consumers is that one does not have to wait in queues for their order and that it is convenient for them to purchase items on-the-go with kiosks, especially in case of a food kiosk.
Food Kiosks are an excellent option for food enthusiasts to begin a business with minimum investment and risk. Any budding entrepreneur, who is looking forward to venturing into the franchise world but is constrained due to lack of capital, can opt for kiosk format. Taking a franchised kiosk offers a lot more benefits as in a low start-up cost, where you get a branded outlet with all facilities of a retail outlet.
Here are the best-selling food kiosk franchises that can be started with an investment of less than Rs 10 lakh:
The growing culture of eating out has made momo a roadside hit among the foodies. Momos are being loved by people for its taste and price-effectiveness. Local vendors, small kiosks and food trucks are found serving momo at every nook and corner. There are a bunch of eateries offering hundreds of varieties of these mouthwatering delights with most of them taking the franchise route for getting bigger in less time.
Momo franchise is one of the greatest business opportunities in today’s time. Talking specifically about a momo kiosk, it can be a very lucrative business option as the biggest concerns of consumers like hygiene and quality of momos can be resolved with a kiosk franchise of momos.
A reason why Momo Kiosk could be a big hit is that it requires an easy investment range of Rs 5-10 lakh for an area of 120 sq ft. One can earn back this investment in less than 6 months.
People like to munch on popcorns in their movie-time or whilst enjoying a favourite sports tournament. Therefore, the trends on popcorns never fade in a small span of time.
As popcorns are one of the most purchased snacks in shopping malls and multiplexes, popcorn brands are looking to start their kiosks’ franchise in every mall and multiplex for better exposure and expansion.
As per the sources, a gourmet popcorn franchise can be started in a small investment of about Rs 2-3 lakhs, including the franchise fee and the other operational expenses like equipment, furniture, fixtures, and advertising, and the breakeven period is just 6 months.
Ice Cream Kiosk
In India, the ice cream industry is one of the fastest growing segments of the dairy or food processing industry. The ice cream industry generated revenue of over $1.5 billion in 2016 in the country and is projected to generate revenue of approximately $3.4 billion by 2021.
In this sector, the growth can be envisaged by the ever-increasing players and their expansion pan India through the franchise route. As this business model shows its immense potential, a lot of restaurateurs are experimenting with the fresh concept of ice-cream parlor. Even big brands like Baskin Robbins are coming up with various franchise formats including kiosk model for aspiring franchisees.
A kiosk franchise of ice-cream can be started in a minimum investment of Rs 10 Lakhs for an area of 112 sq ft. A minimum of 24 months can be anticipated as the probable period to expect a return on investment for ice-cream kiosk.
Once being largely dominated by unorganised market, the concept of juice bars have now imbibed sophistication and are becoming what we call a ‘juice lounge’.
There are a lot of juice kiosks that are making the market more organised. Juice kiosks franchises are an easy investment but highly-rewarding business model.
The investment range of a juice kiosk starts from Rs 9 lakhs and ends up to Rs 12 lakhs for an area of 80-250 sq ft. The invested amount can be earned back in 12-18 months.
As per sources, milkshakes have gained popularity in India in the last two-three years and the high demand comes from locations where families reside, completely contrary to the notion that students or younger crowd consume such products. Milkshake kiosks are more often considered the best ways to attract consumers and are proved to be lucrative business opportunities due to its high footfall.
A milkshake kiosk can be started with a minimum investment of Rs 9 lakhs and can go up to Rs 30 lakhs depending upon the brand. The area of the kiosk is generally 120-300 sq ft and the probable payback period is 12- 24 months.
By sending this enquiry you will also be informed of other related opportunities