Are you seeking to start any businesses this summer? Do you think starting an ice cream business will be much more profitable in the summer? then you are right, we brought you the best ice cream franchise, Polar Bear. Let’s get into this Is a Polar Bear franchise worth the investment? & Profit, we will discuss What is the real investment, profit margin, how can you get this franchise?, and franchise of the Polar Bear worth the investment or not.
Table of Contents
About Polar Bear
Polar Bear established its first outlet at ITPL Banglore in 2008. Kishore Kumar Rai the founder, stepped into the ice cream industry in India. It offers 70+ natural and exotic flavors in ice cream sundaes, shakes, cakes, and more. All are 100% dairy and veggie-made with the best ingredients and hygiene. Within the short span of 13 years, Polar Bear is operating 120+ outlets in 14 cities in India. With the tagline “THE ICE CREAM SUNDAE ZONE,” it became the largest ice cream parlor chain in South India.
Key Details of the Polar Bear Franchise
- Brand Name: Polar Bear
- Industry: Ice Cream
- Number of Outlets: 120+
- Franchise cost:
- Profit Margin:
- Space required:
- Franchise Agreement:
- Official Website: https://polarbear.co.in/
How Much Does a Polar Bear Franchise Cost?
- Franchise Fee: It is a one-time payment ranging between 5 and 10 lakh rupees. It grants you access to work under the Polar Bear brand name.
- Estimated Setup Cost: Setting up a franchise outlet may require an investment of 10 to 15 lakh rupees. This covers expenses such as leasing or purchasing a location.
- Initial Inventory: You need to invest 3 to 4 lakhs to purchase initial inventory. This includes ingredients, supplies, and any other materials.
- Royalty Fee: This is for ongoing support and marketing efforts. You have to pay 5 to 7% of your monthly gross sales.
- Other Expenses: Marketing, insurance, utilities, and employee salaries require 3 to 4 lakh rupees.
- Working capital: It is required until your business becomes profitable. This ranges between 3 and 5 lakh rupees.
| Franchise Fee | 5 to 10 lakh rupees |
| Estimated setup cost | 10 to 15 lakh rupees |
| Initial Inventory | 3 to 4 lakh |
| Royalty Fee | 5 to 7% |
| Other Expenses | 3 to 4 lakh |
| Working Capital | 3 to 5 lakh |
| Franchise Agreement | NA |
| Total Investment | 30 to 50 lakh |
The franchise costs may vary depending on the location and size of the outlet. For the exact and up-to-date price of your preferred location, please reach out to Polar Bear.
How Profitable is a Polar Bear Franchise?
- Total Investment: The total investment required for a franchise ranges from Rs 30 lakh to Rs 50 lakh. This includes franchise fees, equipment, furniture, décor, initial inventory, working capital, and operational costs.
- Profit Margin: The franchisee can expect a healthy profit margin of 25% by deducting rent, employee salary, and other costs.
- Return on Investment (ROI): You can earn a return on your investment within 2 to 3 years. Within this period, you can recover your initial investment, which indicates a reasonable profitability potential for the franchise.
| Total investment | 30 to 50 lakh |
| Profit Margin | 25% |
| Return on Investment | 2 to 3 years |
The profit margin and return on investment may vary based on the franchise outlet and operational efficiency.
Requirements to Open Franchise
- Investment: To be a franchisee of Polar Bear, you need to be financially strong enough to invest around 30 to 50 lakh.
- Business Experience: No specific business background is required, but needs to have some knowledge related to the ice cream business.
- Area Requirements: To start a Polar Bear Ice Cream outlet, you need to have a 700 to 1000 square-foot area. This might be leased or your own.
- Manpower: As a franchisee, you should hire 12 to 14 staff members to run your ice cream outlet.
- Staff Training: The hired staff needs to undergo training provided by Polar Bear. Training is about product knowledge, how to handle customers, etc.
- Entrepreneurial Spirit: A franchise owner must have basic educational qualifications and an entrepreneurial mindset.
Required Documents
- Business Plan: A detailed business plan containing your approach to business and a complete roadmap to success. Includes marketing strategies, marketing analysis, growth plans, projections of revenue, and profit.
- Financial Statement: It is proof to conclude that the franchisee is financially strong, including bank statements, balance sheets, and cash flow statements.
- Identification Proof: government-issued photo ID (e.g., Aadhaar card, passport, driver’s license) of the franchisee. This document verifies the identity of the franchisees.
- Address Proof: These documents are required to confirm the franchisee’s residential or business address, such as utility bills, rental agreements, or property ownership documents.
- GST License: A Goods and Services Tax (GST) registration certificate for demonstrating the sale of goods and services. This license is essential for conducting business legally and fulfilling tax obligations.
- FSSAI License: The Food Safety and Standards Authority of India (FSSAI) licenses businesses involved in food processing, manufacturing, distribution, or sale.
- Legal Documentation: Various legal documents, including the franchise agreement, memorandum of understanding (MoU), and any other contractual agreements between the franchisor and franchisee.
- Franchise Agreement: This document contains the terms and conditions of the franchise arrangement, rights and obligations of both parties, franchise fees, royalty payments, and dispute resolution mechanisms.
Location and Area
Area Requirements:
To open a Polar Bear franchise outlet, you need to have an area of 700–1000 square feet. This much space is enough to set up the Polar Bear outlet comfortably.
Location Selection:
prime location with high footfall.
- Commercial Areas: Look for areas near offices, shopping centers, or business districts.
- Residential Zones: Residential neighborhoods with good visibility can attract local customers.
- Tourist Spots: If possible, choose a location near popular tourist attractions.
- Educational Institutions: Proximity to schools, colleges, or universities can be advantageous.
- Malls and Markets: High-traffic areas like malls or markets are excellent choices.
- Visibility and Accessibility: Ensure your franchise is easily visible and accessible. A location with good visibility from the street or main road.
How can I obtain a franchise of Polar Bear?
- Visit the official website of Polar Bear.
- Look for the “Franchise” option in the menu bar and click on it.
- Check the list to ensure a franchise is available for your location.
- If your location is on the list, proceed to the next step.
- If your location is not listed, unfortunately, franchising opportunities may not be available in your area at the moment.
- Once you confirm that your location is available for an open Polar Bear franchise outlet, make a call to the given phone number to inquire about the franchise process and requirements.
- Alternatively, if there is an option to “Apply Now,” click on it.
- Fill out the franchise form with your details, including your name, contact information, location, and any other required information.
- Submit the form.
- After submitting the form, wait for a response from the Polar Bear team regarding your franchise application.
- Be patient, as the review process may take some time.
Is a Polar Bear Franchise Worth the Investment?
Pros
- Established Brand and Customer Loyalty: Polar Bear is a well-known brand and has a strong reputation in India. It has a loyal customer base, making it easier to attract customers for franchise outlets.
- Comprehensive Training and Ongoing Support: Polar Bear provides training for staff and ongoing support, assistance in choosing site locations, and marketing strategies.
- Variety of Products: It has 70+ natural innovative flavors and a wide variety of ice cream sundaes, shakes, cakes, and more options
- Operational Processes: The brand provides standard recipes and operations manuals, ensuring consistent quality across all outlets.
Cons
- Initial Investment: The franchise fee is approximately ₹5-10 lakhs, and the total initial investment can be around ₹50 lakhs.
- Profit Margin: As a Franchisee of Polar Bear, you can expect a profit margin of 25% and require a period of 2 to 3 years to earn a return on your investment.
- Area Requirement: To set up an outlet the franchise needs to have an area of 700 to 1000 square feet.
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Conclusion
In conclusion, is a Polar Bear franchise worth the investment? & Profit in 2024: Polar Bear is a well-known brand with a good reputation and a loyal customer base in India. Starting your business with this brand through the franchise leads to early success in business. Through its complete training for staff, ongoing support, and 70+ varieties of products. As a businessman, you have to consider the initial investment as a franchise fee of 5 to 10 lakh, a total investment of 30 to 50 lakh, a royalty fee of 5 to 7%, and a profit margin of 25%. With this profit margin, you need to earn a return on investment for 2 to 3 years.
FAQ
How much Cost is required to open Polar Bear Franchise?
Opening a Polar Bear franchise requires a 5 to 10 lakh franchise fee, with an initial investment of 30 to 50 lakh, which includes the franchise fee, working capital, initial inventory, and other expenses.
Is an ice cream franchise profitable?
As a franchisee of Polar Bear, you can expect a profit margin of 25%, and within 2 to 3 years, you can earn a return on your investment.
How much space is required to open the Polar Bear franchise?
To open a franchise, you need to have around 700 to 1000 sq ft of leased or owned space.
