All You Need to Know About Corner House Franchise – Cost, Profit Margin & Investment Details
Ice cream is one of the most popular and preferred desserts. Its demand never fades in any market. During family gatherings or when friends meet up, ice cream serves as one of the best desserts to complement the occasion. Recent studies indicate that the ice cream business is expected to grow by 2.5 times by the year 2027.
About Corner House Franchise
Corner House is an Ice cream-selling brand. The company has been in the ice cream business for about 33 years which is an achievement in itself. The wide range of flavors and the potato scoop mad the ice cream an “instant seller”
With such a growing market in the Ice cream industry investing in an Ice cream franchise or getting linked with a brand like Corner House, the venture is automatically a road map to success.
Corner House Franchise : How It started?
Narayan Rao, an agricultural graduate is the man behind the success of Corner House. He completed his education from Austria and then he returned back to Banglore where he started his own Corner House Fast Food Joint. Back then Corner House had only three ice creams on their menu- namely Butterscotch, Chocolate, and Mint Fudge.
Corner House printed its ad back from 1982. Lake View was the only brand selling Ice creams back then and the demand for ice creams was the same as always. The popularity of ice creams was recognised by Rao and he went further in making Corner House into a full time Ice Cream selling corner.
The company started giving out its franchise rights from the year 2011. Now Corner House has around 15 stores around Bangalore out of which 8 are top franchises.
Types Of Corner House Franchise
Corner House is a well-known franchise that mainly specializes in offering a variety of delicious ice creams. However, the franchise initially started off as a fast food chain before changing into the ice cream business. Corner House generally provides franchise outlets in parlors.
Generally Ice cream brands offer franchises in the form of parlors, stores and kiosks.
How to get a franchise of Corner House in India?
The process of franchising in Corner Stone is simplified as we can easily avail all the information regarding franchising through their official page.
Currently there is no information on providing franchise to new ventures, they will inform when they start offering franchise.
Requirements to Get a Franchise of Corner House In India
Corner House usually sells its franchise tenure for about 2 years. With such an old and recognized brand the expectations of investment are also usually very high. There are certain requirements needed to be followed while considering starting a franchise in Corner House.
Corner house is an Ice cream parlor. The minimum carpet area required to open up a franchise in Corner House is 100-200 square ft. The minimum employees operating the store must be 2-3 with a kitchen compulsory. The franchisee has to bring in his own investment for equipment which will usually cost around Rs. 2.5 to 7 lakhs.
Investment required for Corner House Franchise
The investment required to set up a franchise in Corner House, the franchisee has to pay a sum of 10 lacs as Investment. The cost of inventories and equipment adds up to the invested amount.
Although the brand will provide assistance on training, support, menu planning, etc the cost to establish the business is usually under 10 lakhs.
Corner House Franchise Cost
The establishment cost for a Corner House Ice cream Franchise is between Rs. 2.5 to 7 lakhs depending on the location and area of the store. All the additional cost of training and support will be provided by the Corner House itself.
Profit Margin Corner House Franchise
Normally an Ice cream shops have profit margins of 25 to 40% which depends on the market
Corner house has increased significantly over the years and the revenue generated by the company in the financial year of 2022 ranged from 1 crore to 100 crore. This means that the profit margin for a franchise in Corner House usually gives out huge profit accounting to investments made.
A franchise in Corner Stone is a great idea to start with.
Is Corner House Franchise Profitable?
Corner House is one of the oldest ice cream brands in India. The brand holds a special name and trust in all its customers. A franchise in Corner Stone is profitable and to ensure this. Corner House sells around 1.25 to 1.5 lakh liters of ice creams every month.
In the right geographical location and the right market Corner House will generate enough to ensure the profitability of the franchise.
ROI period for a Corner House Franchise
Owning a franchise of a reputable brand, such as Corner House, comes with several benefits. The revenue sharing model for these franchises is structured in a way that the franchisee is entitled to 92% of the revenue generated from the business, while the brand receives the remaining 8%. This makes it a very good choice for potential franchisees who are looking to invest in a profitable business model.
The Return of Investment generally lasts till 6 to 10 months from the date of establishing the venture.
Franchise Contact Detail
- Business inquiries: Fill out the form on the Corner House Ice Creams website.
- Corporate office: 3283, 12th Main Road, Indiranagar.
Contact: email or by calling 01293 784620.