Polar Bear Franchise: Franchise Cost, Investment & Profit Margin
What is Polar Bear Franchise?
Who doesn’t love ice creams, everyone loves consuming different-flavored ice creams around the world. If you want to try out something different and tasty in the market then, make sure to visit a Polar Bear Ice Cream outlet. Polar Bear- The Ice Cream Sundae is promoted by Honeycomb Retail Private Limited and amongst the best ice cream franchise.
Polar Bear was founded back in 2008 by Kishore Kumar Rai. The first-ever parlor of Polar Bear was opened at ITPL in Bangalore. All the ice creams sold by this company are manufactured in a state-of-art production facility that is located in Bangalore itself. According to the founder, while the Polar Bear company was opened in the Indian market, the ice-cream business in India was booming. This was when Kishore Kumar Rai thought of penetrating the market and coming up with unique ice-cream products for customers.
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Kishore Kumar Rai along with his team spent a lot of time on research and trying to understand the Indian audience. Interestingly, the company gave new innovations to the existing ice cream flavors, this gave a makeover to the age-old sundae recipes. Today, the products manufactured and sold by Polar Bear are 100% vegetarian, 100% natural ingredients, made with the best ingredients, in the best facility, and with utmost hygiene.
Starting back in 2008, Polar Bear now has 90+ outlets across India. Partnering up with Polar Bear gives lots of benefits and ample profit margin to the franchisee owner. So, planning to open a Polar Bear franchise would surely not be a bad idea.
Polar Bear Franchise Benefits
Working or partnering up with Polar Bear gives you lots of benefits. Franchisee owner gets unimaginable benefits that they have never heard of before. Similarly, when you plan and open a Polar Bear franchise you get lots of support and a proper working system from the parent company. Here are some of the benefits of opening a Polar Bear franchise in India:-
Reputation
Over the years, Polar Bear Ice Cream has gained a huge customer base and loyalty by offering premium food products. As a result, the reputation of the company is limitless. This is one of the reasons why Polar Bear has become one of the largest ice cream parlor chains in South India. Additionally, more than a thousand employees today work at Polar Bear.
Proven methodology
Today, Polar Bear has 14+ years of business experience in India. It has established a proven operating system. Now, this operating system manages and handles all franchisees to maintain the highest standards of operational excellence while serving lakhs of customers every day.
World-class training experience- Yes, you heard it right, when you take up a Polar Bear franchise you get world-class training from professionals. The company is passionate about its reputation and excellence, delighting its customers. Other than that, the company provides exceptional support, training, and success opportunities to all franchisees.
Future-oriented
Polar Bear is a future-focused ice cream company in India. Ever since the company was established in India, they have started taking action to reenergize the customers and see a larger opportunity. The company is always coming up with new ideas and changes so that they can be updated on the latest trend going nowadays.
Profit- Profit is something anyone will look into and the profit margin or rate from a franchise Polar Bear is something quite interesting. Any Polar Bear franchise earns a good profit margin both monthly and annually. Only because of its good customer base and loyalty.
Polar Bear Franchise Cost
Polar Bear is quite a reputable ice cream company in India. If you are planning to open a franchise of the company then, you will need to invest a high amount. This is because not only Polar Bear has a strong customer base, a strong presence in South India, and a high expansion rate, they deal with 90+ products in each franchise. Moreover, the moment you opt to open a Polar Bear franchise you become a part of a huge system and command.
The total investment required to open a Polar Bear franchise ranges between Rs 40-50 lakhs. Within this investment, you will get all the necessary requirements in your franchise and they are all kitchen equipment, training, freezers, scoops, table, chairs, a billing counter, lighting, interior designing, exterior designing, and many more. The franchise fee taken by Polar Bear is Rs 5 lakhs.
This is the total investment that will be required to open a Polar Bear franchise in India. Now, this is the average cost mentioned, the total investment could differ as per the location of your business.
Polar Bear Franchise Requirements
To open a Polar Bear franchise one must go through all the requirements and eligibility criteria set by the parent company. This way it will be easier for both the parent company and franchisee-seeker to go through the whole process easier.
Here are the requirements to open a Polar Bear franchise in India:-
- Area required- 700-1000 square feet
- Franchise fee- Rs 5 lakhs
- Manpower required- 12-14 trained people
- Age requirement- Above 21 years old
- No business background is required but, if you have little knowledge related to the field then that would be an added advantage
- Total investment required- Rs 40-50 lakhs
All valid documents must be provided and some of them are the following:-
- Aadhar Card, PAN Card, Voter ID Card
- Passport size photographs
- Franchise agreement
- Rent agreement
- Lease agreement (if any)
- Electricity Bill for address proof or Ration Card
- Trade License and Food Licenses
- NOC of Shop or Unit ‘
Suitable location for Polar Bear Franchise
When you choose to open a franchise, the parent company of that particular company always wants you to choose the best location. Now, people can’t get a location in a crowded area, mall, hospitals, schools, or anywhere so they take a shop or land on rent. If you do not have proper land or shop at a good location then your total investment will be higher than you can expect.
This is because you will need to pay extra for land or shop agreement. To open a Polar Bear franchise, location plays a crucial factor. One must open in a suitable location for conducting business so that customers can come in and enjoy themselves without any trouble. Other than that, make sure to provide a proper parking area for customers.
Make sure to open a Polar Bear franchise in a crowded location where people can come easily. Some of the suitable locations are schools, malls, hospitals, gardens, parks, and many more.
Polar Bear Franchise Area
The total area required to open a Polar Bear franchise is between 700-1000 square feet. Within this area, you can easily fit all the necessary items easily. Make sure you have enough franchise areas so that many customers can fit in at once.
Additionally, if you are willing to attract more customers you could add some features to your franchise. You could make a small terrace ice cream parlor to attract more customers.
How to apply for Polar Bear Franchise?
Now, here is how one can apply for a Polar Bear franchise in India:-
- Interested candidates must visit the official website of the company for franchise details and the application form or just click on https://polarbear.co.in/
- After you have clicked on the link above, the official website of the company will open up
- At the top you will see a “Franchise” option on the menu bar which you will need to click on it
- After you click on the “Franchise” bar it will lead you to a different page of the company
- You will need to scroll down the page and click on “Apply Now” button present at the bottom of the same page
- After you click on it the official application franchise form of Polar Bear will open up and you will see lots of questions has been asked that needs to be filled
- Make sure to fill all the questions properly and recheck them once you are done
- After you are completed with the franchise application form make sure to click on the “Submit” button