Jugaadi Adda Franchise Cost, Investment & Profit Margin
About Jugaadi Adda Franchise
The food and beverage industry is one of the never-ending industries globally because people are always looking to try something new. This is where new companies and brands come up with new food items and ideas that become a major attraction to the crowd. Businesses nowadays are mostly attracting the youngsters since majority of these food businesses and companies are effectively marketing their brands on different social media platforms.
The marketing that these companies use is unique, innovatively designed, and catchy which is why these brands even though startups gain huge recognition in such a competitive market.
Marketing is one key factor for businesses to earn profits and revenues but these businesses should also bring out new items for the public as well so that they have a standout feature in them. Similarly, one of the well-known Indian food and beverage companies is the Jugaadi Adda which introduces itself as a brand that gives its consumers the perfect amalgamation of staple food Vada Pav with brand-new secret twisters.
Foreign players like KFC, McDonald’s, and such have made their presence in the Indian market as well as in other parts of the globe but what is so special about the Jugaadi Adda brand?
Jugadi Adda Franchise Initial Days
The first ever Jugaadi Adda outlet was started back in the year 2017 and has now expanded to several more stores in different locations through its franchise option. However, the journey of starting a food snack business was something quite unusual for founders Akshay Pramod Rane and his wife Dhanashree Gharat.
This is because both were previously working in a MNC and it was obvious to them that they did not like what they were doing which urged them to start a food business.
Akshay had to quit his job as a software engineer at Wipro to set up their small outlet in the year 2016. Even though he was earning quite well he did not want to continue in that career. His first-ever outlet which was started in 2016 had only two employees where one person was a chef and the other was responsible for serving the customers.
The outlet was selling regular vada pav and pav bhaji and later both the owners started experimenting which helped them come up with different variants of vada pav recipe that soon became a popular dish among customers.
The couple started a ‘vada pav’ and ‘pav bhaji’ shop in a 12 sq ft space in Mumbai’s upscale Kamala Mills area in the year 2016 with an investment of INR 5 lacs. It was not until the year 2017 that they started their first outlet with the brand name ‘Jugaadi Adda’ which is now an IR 20 crore turnover with more than 30 outlets known for its range of tasty fusion vada pav recipes.
The owners soon chose to go for the franchise model looking at its growing popularity which would become a quick expansion for their business. Only two outlets are owned by the company and the remaining outlets are franchises.
Jugadi Adda Franchise Specialities
Jugaadi Adda’s name itself is quite unique and a catchy one but with the proper leadership and management skills of both the founders, the brand has lived up to its name today. However, it was majorly due to the innovative dishes that Akshay and Dhanashree experimented which has now become one of popular dishes in every outlet of the brand.
No other brand has experimented like this before and with Jugaadi Adda the final recipe only brings more authenticity and traditional flavors in it which the consumers are loving it.
The company also claims that they serve more than 15 varieties of Vada Pav, samosa pav, and Pakora. The recipe is curated by the founder himself with his brilliant mindset of playing with flavors and which only gave a unique taste to the basic vada pav recipe. Every food item that is cooked by Jugaadi Adda is cooked to perfection and they do not use any kind of preservatives or frozen products and only want to deliver the best quality to their ultimate customers.
The batter and the masala are prepared fresh every day and Jugaadi Adda customizes its own bread, which makes Jugaadi Adda special from others. It is also India’s first-ever brand to come up with a fusion vada pav, and samosa pav concept and is a popular item among youngsters for its unique and lip-smacking taste.
How To Apply For Jugaadi Adda Franchise?
Jugaadi Adda soon after its establishment started offering its franchise option to interested partners and entrepreneurs. This is because the owners wanted to expand their business rapidly and they have already given franchises to more than 30 entrepreneurs during their 6-year business tenure. Mentioned below is the process for applying for the Jugaadi Adda franchise.
- Eligible entrepreneurs must visit the official website of the company first to fill out an application form.
- On the official website of the company, there is a separate ‘Franchise’ tab at the top of the page and you would have to click on that.
- After clicking on that a new page will pop up and it is on this page where the application form is provided.
- Fill out the application form with all the necessary details asked and soon you will be contacted by the company personnel.
- The form comes with a ‘Message’ tab where you can inquire about the franchise details and other information that you wish to inquire about. Make sure you provide relevant information with correct contact details.
The brand also has a presence on different social media platforms like Facebook and Instagram. You can even connect with them through those social media platforms and inquire about the franchise program but since the company has provided an application form on their official website it would be wise to just fill that out.
Jugaadi Adda Franchise Profit Margin
Jugaadi Adda has established itself to be one of the most reputed brands in the snack food segment. The company has started to gain quite a reputation and goodwill in the market for its different kinds of vada pav and pav bhaji recipes. However, the revenue and profit of its franchise would depend majorly on the location factor along with other factors because if the franchise is located in a prime location then it will receive the required attention from the crowd.
The company has gained quite the fame in such a competitive market and if you wish to go for its franchise then you could be at a profit as well. The company does not guarantee any kind of profit margin as of now because they have not revealed such details yet but looking at the turnover earned by the company within a short span it would be justified to say that its franchises will earn a decent profit margin every month.
Interested entrepreneurs and partners who wish to start a new business can take up its franchise option and contact the company personnel to know about its profit margin and other such crucial financial details.
Jugaadi Adda Franchise Cost
The official website of the company still did not reveal information about its franchise cost or its franchise fee but people who are interested to open up its franchise can contact the concerned authority to know about such financial details.
Total Investment Required to Start a Jugaadi Adda Franchise
The minimum investment required to open up a Jugaadi Adda franchise is INR 10,00,000. However, the investment could be even more than that depending on the location, and the size of the store. But, it is a minimum investment for opening up such a popular franchise in India where franchise owners can earn a good amount of revenue every month.
Return on Investment Period (ROI)
As explained earlier that the revenue earned by the franchise depends on a wide range of factors and the location is one of the most crucial factors. Talking about the company’s sales then they are doing quite well they are making roughly INR 1.5 crore worth of sales monthly which is a huge number. The two shops that are owned by the company generate around INR 3 crore in annual revenue.
Therefore, it can only be assumed that the ROI would be within a year and a half. It is within a year’s time a Jugaadi Adda franchise owner can expect the ROI. This is not yet confirmed by the company officially. You can contact the company personnel to know more about such details.