Are you thinking of starting a sweet business? with a well-known brand name, look no further. Hira Sweets Franchise Cost Breakdown and Profit Potential in 2024: In this, we will discuss how much investment is required to open an outlet, what profit is, what are the requirements, and how to get a franchise from Hira Sweets.
Table of Contents
About Hira Sweets
Hira Sweets was established in 1912 in Delhi, India. It is known for Indian traditional sweets and snacks, and it has something for everyone. Their casual dining experience is equally memorable, with a unique taste. If you’re looking for gift hampers, fusion treats, or luxury sweets, they’ve got you covered.
Key Details of Hira Sweets Franchise
- Brand Name: Hira Sweets
- Established Year: 1912
- Industry: Food and Beverages
- Franchise cost: 20 lakh
- Royalty Fee: 4%
- Profit Margin: 20%
- Space required: 20 to 50 Sq ft
- Official Website: https://hirasweets.com/
Hira Sweets Franchise Cost Breakdown
- Franchise Fee: To purchase the rights to open a Hira Sweets franchise and to use the brand name, you have to pay a one-time fee of 1 to 3 lakh. The exact fee is not disclosed by the brand.
- Estimated setup cost: To set up a franchise outlet, it requires 5 to 10 lakh, which includes the lease, interior decoration, kitchen equipment, and others.
- Initial Inventory: To purchase the initial inventory, it requires 2 lakh rupees. It contains various ingredients, raw materials, and packaging supplies.
- Royalty Fee: You have to pay a royalty fee for the brand for the branding, marketing, and ongoing support. Other expenses, like staff training, initial marketing campaigns, and other miscellaneous costs
- Working Capital: Until you earn a profit from a franchise outlet, you need to invest in maintenance.
- Total Investment: To establish and operate a Hira Sweets franchise, the cost is Rs 20 lakh. This investment provides an opportunity to become part of a well-known brand.
| 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 |
The franchise cost varies based on the location and size of the outlet. For precise and detailed information about the exact cost, interested parties are advised to contact Hira Sweets directly.
How Lucrative Are Hira Sweets Franchise Profit Margins?
- Total Investment: The total investment required to establish and operate a Hira Sweets franchise is 20 lakh rupees.
- Profit Margin: As a franchisee, you can expect a profit margin of 20% from the Hire Sweets outlet.
- Return on Investment (ROI): With a 20% profit margin, you can receive a return on your initial investment within a period of 2 to 3 years. Through efficient management and strategic business practices, you can potentially accelerate the ROI timeline to higher returns.
| Total investment | 20 lakh |
| Profit Margin | 20% |
| Return on Investment | 2 to 3 year |
Requirements to Open Franchise
- Investment: To be part of Hira Sweets through the franchise opportunity, you need to have a minimum investment of Rs 20 lakh.
- Business Experience: Prior business experience is good to start your own business. It is not mandatory to get a franchise.
- Required Space: To open a franchise outlet, it needs to have 20 to 50 sq ft of free space.
- Location: preferred high-foot traffic locations like markets, commercial areas, near schools, and colleges.
- Required Staff: To operate the outlet, you need to have trained 2 to 3 employees.
Required Documents
- Identification Proof: Copies of government-issued identification documents such as Aadhar card, passport, or driver’s license for all partners for franchisee identity.
- Address Proof: Documents for verifying the residential address of the franchisee, which may include utility bills, bank statements, or rental agreements.
- Business Plan: A rough business plan outlining your strategy, goals, and projected financials for the franchise operation.
- Financial Documents: Bank statements, income tax returns, or financial statements demonstrating the ability to invest in the franchise.
- Legal Documents: Documents related to your business entity, such as registration certificates, partnership deeds,
- Franchise Agreement Form: Obeying terms and conditions of Hira Sweets
- Lease Agreement or Property Ownership Proof: If you have already secured a location for the franchise, you may need to provide a copy of the lease agreement or proof of property ownership.
- Tax Registration: Documents related to tax registration, such as GST registration certificate or Sales Tax Identification Number (STIN).
- Health and Safety Certificates: Depending on the nature of the business, you may need to obtain health and safety certificates from relevant authorities
How to get the franchise of Hira Sweets?
- Visit the Official Website: Visit Hira Sweet’s official website.
- Business with us: Scroll down in the footer of the website. Look for a business with us.
- Franchise details: Click on “Business with us“, and you will find the details required to contact Hira Sweets to ask about the franchise.
- Contact through phone call: Through these 91-7290013135 or +91 96491 44666 phone numbers, you can directly call the Hira Sweets team regarding franchise inquiries.
Analyzing Hira Sweets Franchise Costs: Is It a Wise Business Move
Pro’s
- Established Brand: Hira Sweets has been a well-known brand serving quality sweets since 1912 and has built a loyal customer base. As a franchisee, you can take advantage of their brand reputation and existing customer trust.
- Consistent Demand: Indian sweets have a consistent demand, especially during festivals, celebrations, and special occasions.
- Training: The brand provides complete training to the staff. To maintain a unique and same taste at all Hira Sweets outlets.
- Required Area: To open a franchise outlet, you need to have a 20 to 50-square-foot area.
- Initial Investment: To open the Hira Sweets franchise costs 20 lakh. This includes franchise fees, setup costs, initial inventory, and working capital.
Cons
- The food industry is highly competitive: To stand out, you’ll need effective marketing strategies and unique offerings beyond traditional sweets.
- Profit Margin: You can expect a profit margin of 20% from the franchise outlet. Also, you need to pay a 4% royalty fee to the brand.
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Conclusion
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.
FAQ
What is the price to start a Hira Sweets franchise?
To open Hira Sweets franchise costs 20 lakh, this includes franchise fee, setup cost, working capital , and other costs.
How much money can you make with the franchise of Hira sweets?
As a franchise you can expect 20% profit margin. Within 2 to 3 years you can recover return on your initial investment .
How much area is required to setup Hira Sweets franchise ?
If you are thinking to start Hira sweets franchise you need to have free space 20 to 50 sq feet
