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
| Company Name: Polar Bear |
| Founded By: Kishore Kumar Rai |
| Established Year: 2008 |
| Number of Outlets: Over 150 outlets in 20 cities |
| Buisness sector: Restaurant industry |
| Official Website: 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 150+ outlets in 20 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: 150+ |
| Franchise Fee: 5 to 10 lakhs |
| Franchise Cost: 30 to 50 lakhs |
| Royalty Fee: 5% to 7% on monthly gross sales |
| Profit Margin: 25% of the revenue |
| Franchise Agreement Term: 10 years |
| Required Space: 700 to 1000 sq ft |
| ROI Timeline: 2 to 3 years |
| Franchise: Apply Here |
How Much Does a Polar Bear Franchise Cost?
To start the Polar Bear Franchise requires investment between 30 to 50 lakhs including Franchise fees, initial inventory, equipment costs, setup costs, working capital, and others. Here is the detailed cost breakdown of the Polar Bear Franchise.
| Franchise Fee | 5 to 10 lakhs |
| Estimated setup cost | 10 to 20 lakhs |
| Equipment Cost | 5 lakhs |
| Initial Inventory | 3 to 4 lakhs |
| Royalty Fee | 5 to 7% on gross sales |
| Other Expenses | 3 to 4 lakhs |
| Working Capital | 3 to 5 lakhs |
| Franchise Agreement | 10 years |
| Total Investment | 30 to 50 lakhs |
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 20 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 Agreement Term: The Polar Bear Franchise agreement term is 10 years.
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?
| Profit Margin | 25% of the revenue |
| ROI Timeline | 2 to 3 years |
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.
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. |
| Address Proof: utility bills, rental agreements, or property ownership documents. |
| GST License: 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:
| 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.
| Official Website: Polar Bear |
| Franchise Application: Apply Here |
| Contact Number: 9108799890 |
Is a Polar Bear Franchise Worth the Investment?
| Pros | Cons |
| 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. | Initial Investment: The franchise fee is approximately ₹5-10 lakhs, and the total initial investment can be around ₹50 lakhs. |
| Comprehensive Training and Ongoing Support: Polar Bear provides training for staff and ongoing support, assistance in choosing site locations, and marketing strategies. | 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. |
| Variety of Products: It has 70+ natural innovative flavors and a wide variety of ice cream sundaes, shakes, cakes, and more options | Area Requirement: To set up an outlet the franchise needs to have an area of 700 to 1000 square feet. |
| Operational Processes: The brand provides standard recipes and operations manuals, ensuring consistent quality across all outlets. |
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Conclusion
In conclusion, is a Polar Bear franchise worth the investment? & Profit: 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 lakhs, a total investment of 30 to 50 lakhs, 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 lakhs franchise fee, with an initial investment of 30 to 50 lakhs, 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.
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