Are you looking to open your own ice cream store with a well-known brand? Also, you know famous brands like Arun and Amuls have a presence everywhere, so starting a business with these brands might be difficult to get a franchise and also you need to face huge competition.
Why can’t you try Meridian brand franchise opportunities? This brand comes up with unique ideas or features by considering the health of its customers. They are offering sugar-free, natural, fresh, and low-calorie ice creams.
How Much Does the Meridian Ice Cream Franchise Cost? & Profit in 2024 In this article, we will discuss: how much investment is required to start a franchise of Meridian Ice Cream; what is the profit margin of the franchisee; what are the requirements to start a franchise; and how to get a franchise of Meridian. And what are the pros and cons of opening a Meridian Ice Cream franchise?
Table of Contents
About Meridian Ice Cream
Meridian Ice Creams is a Pune-based, leading Indian ice cream brand established in 1999. Committed to delivering rich flavor, chemical-free, and quality ice cream to the customer. Today, it is serving 35+ flavors of ice cream to meet people’s desire for ice cream and increase their love for the Meridian brand.
The reason why people fall for Merdian Ice Cream is that this brand of ice Cream is that this brand of ice cream is free from all kinds of chemicals and artificial flavors. Also, by considering the health of the customers, they are offering sugar-free, natural, fresh, and low-calorie ice creams.
The Jouerny Meridian Ice-Creams started in Pune by providing the finest ice creams made from pure milk and milk fats. Established 13 outlets in Pune through a franchise parlor model. Currently, it has 31+ outlets in India.
Key Details of Meridian Ice Cream Franchise
- Brand Name: Meridian Ice Cream
- Industry: Ice Cream
- Number of Outlets: 31+
- Franchise cost: 15 lakhs
- Profit Margin: 45%
- Space required: 500 sq ft
- Franchise Agreement: 3 years
- Official Website: https://meridianicecreams.com/home/
How Much Does Meridian Ice Cream Franchise Cost?
To open Meridian Ice Cream A franchise parlor requires an investment of Rs. 15 lakh. It includes a franchise fee, setup costs, initial inventory, working capital, and other costs.
Franchise Fee: To acquire the rights to open Meridian brand stores and to operate stores under brand support. The applicant needs to pay a 3 lakh plus GST franchise fee to the brand.
Estimated setup cost: To set up a franchise outlet, an investment of Rs 5 lakh is needed, which includes exterior and interior design.
Initial Inventory: To make delicious and unique ice cream, it requires healthy raw materials. The franchisee needs to invest Rs. 2 lakh to purchase raw materials from the brand.
Royalty Fee: The brand does not charge a royalty fee for branding, marketing, advertising, or ongoing support for the franchise. It charges a royalty fee after 3 years; within this time period, a franchise may make a higher profit than you can pay 3% to the brand.
Working Capital: To cover day-to-day operations, it requires a 3 lakh investment until your franchise outlet starts making a profit.
Franchise Agreement: Once you become the franchisee, you will be working under brand support for up to 3 years.
| Franchise Fee | 3 lakhs +GST |
| Estimated setup cost | 5 lakhs |
| Initial Inventory | 2 lakhs |
| Royalty Fee | 3% After 3 years |
| Other Expenses | 2 lakh |
| Working Capital | 3 lakhs |
| Franchise Agreement | 3 years |
| Total Investment | 15 lakhs |
What’s the Profit Potential of a Meridian Ice Cream Franchise?
Sales per month: Each outlet of Meridian Ice Cream can make revenue between Rs 5 and Rs 10 lakhs on normal days. On summer days, revenue can reach more than Rs 8 lakh per month.
Gross Profit Margin: Meridian Ice Cream franchisees can expect a gross profit margin of between 45 and 50% on each sale. With this profit margin, franchisees can easily earn 1.5 to 2 lakhs per month.
Return on Investment: With a 45% gross profit margin, the franchisee can easily recover the initial investment in just 12 months. This time period may vary based on the location and operational efficiency of the outlet.
| Sales Per month | 5 to 6 lakhs |
| Gross Profit Margin | 45% |
| Return on Investment | 12 months |
Requirements to Open Franchise
Age and Qualification: The applicant needs to be 12 years old, and PUC-passed education is required.
Investment: The franchisee should be financially stable and ready to invest a mid-range cost of Rs 15 lakh as an initial investment.
Business Experience: If you have previous experience in the retail sector or another field, it is essential to start a business without any loss. The prior experience is not mandatory, and the company also provides training.
Required Space: To set up a Meridian Ice Cream franchise parlor, it requires space of between 500 sq ft.
Location: You can open this franchise outlet location with decent footfall. Locations near schools, colleges, Bus stand, railway station, markets, and main roadside areas. This Meridian franchise parlor is suitable for every location with a certain footfall, and Brand has established only 31 outlets.
Required Staff: To run a franchise outlet, it requires 3 to 6 trained staff.
How to Get the Meridian Franchise?
Step 1: Do proper research about the Meridian brand. If possible, visit the franchise outlet and gather the details related to the franchise opportunity.
Step 2: Visit the official website. Look for the franchise section or contact us section. Clicking on the franchise section leads you to a direct WhatsApp link. You can ask a query regarding the franchise opportunity.
Is Meridian Ice Cream Franchise Right for You? Pros and Cons Revealed!
Pros
Well-Established Brand: Meridian Ice Cream is a Pune-based brand serving quality ice cream for the last 25 years. With a proven business model, 31+ outlets are running successfully. With these many years, it earned people’s trust and a loyal customer base.
Wide variety and health consciousness: Meridian Ice Cream is serving 35+ flavors of ice cream on each franchise outlet. Products are manufactured with natural ingredients, and no chemical color is used. They are also sugar-free.
Training and Support: The franchise team will provide complete training to the employees. It provides support in choosing a location, setting an outlet, and providing ongoing support.
Affordable investment and profit margin: To open a Meridian franchise requires an investment of 15 lakhs. Franchisees can expect a gross profit margin on each sale to be 45 to 50%.
Quick ROI: The franchisee can recover the initial investment in just 12 months.
Cons
Competition: Already, big brands have acquired the market. To make a profitable business, you need to be unique.
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Conclusion
In conclusion, How much does the Meridian Ice Cream franchise cost? & Profit in 2024, Meridian Ice Cream is the finest franchise opportunity with an affordable investment of 15 lakhs, a 45% gross profit margin, training for the staff, complete support for the franchise, no preferred location, and no royalty fees. People who want to start their business without making much effort can start it. Before choosing a location for the franchise, consider the competition for the ice cream business.
FAQ
What does the Meridian Ice Cream franchise cost?
To open a franchise of Meridian requires an initial investment of 15 lakhs, which includes the franchisee, setup costs, working capital, and others.
