How to get Puranpoli Ghar Franchise – Puranpoli franchise cost, Investment & Profit Margin
About Puranpoli Ghar Franchise
Bhaskar’s Puranpoli Ghar was established back in the year 2015. Puranpoli Ghar which is also known as Baskar’s Mane Holige was started by Mr. Bhaskar in the year 2015 and started its very first outlet at Dr. DVG Road Bangalore.
The entrepreneurial journey of Puran Poli Ghar by Mr. Bhaskar has been full of ups and downs as at the initial stages he sold Puran Poli on a bicycle and now is being said that he has been offered a seat at Shark Tank Season 2 (a humorous joke made by Anupam Mittal after realizing Mr. Bhaskar’s income per year).
Puran Poli is a Maharashtrian sweet flatbread that had its origin from Southern India. There are several founders of Puran Poli Ghar and Mr Bhaskar is one of them who is a Karnataka-based founder of the company. Around 25 years ago, he was working as a hotel cleaning staff and now he has a separate solo venture making a profit of INR 3.6 crore as it was revealed when he along with his team had approached Shark Tank India season 2.
About Puranpoli Ghar Franchise
Vittal Shetty, Saurabh Choudhary and Bhaskar KR are the founders of Puran Poli Ghar. Puran Poli Ghar expanded its business rapidly and within one year they had expanded into Pune, Kandivali, and Kalyan. It was one of the unique live and quick service restaurants for the public serving 24 different varieties of puranpolis.
These quality and delicious puranpolis were free from chemicals, preservatives and essence, serving to its customers throughout the year. The company also offers different kinds of snacks and the company claims that every day they sell around a thousand puran polis which is made from semolina dough.
Being very popular brand for its varieties of live Puranpoli it has expanded across Bangalore with 10 outlets (as revealed from the official website of the company). Mr. Bhaskar’s Puran Poli Ghar claims that all their products are manufactured with natural and organic ingredients. They say that the ingredients allows the customers to get a homemade feel/vibe. The company also supplies its famous Puran Polis on festival seasons.
Requirements To Get A Puran Poli Ghar Franchise
Puranpoli Ghar is offering its franchise to interested entrepreneurs and partners. Puranpoli being a famous South Indian sweet recipe has its huge trend in the southern parts of India. People living in the Southern region can look to open up Puranpoli Ghar’s franchise and can earn a decent income.
The brand has done the majority of the work on its marketing and developing delicious products for the customers. Therefore, entrepreneurs who wish to open up a franchise need to be extremely skillful and knowledgeable to run its franchise.
Even though the requirements has not been revealed by the company but you can expect that they will not be giving its franchise to anyone who just has got the investment amount. Contact the personnel of the company to know more about the requirements to get a Puranpoli Ghar franchise. The official website of the company reveals all the details of contact where you can raise your queries and get them solved if possible.
Manpower Required To Run A Puranpoli Ghar Franchise
A minimum manpower of 3 people would be required to manage a Puranpoli Ghar franchise. In case your store is receiving a huge number of customers daily then you may look to hire more employees to do a crucial job. However, if your store is large then you would have to hire at least 6-8 people to manage all the responsibilities that include conducting the business daily.
However, you should hire extremely professional employees because the company has become a renowned brand in the market today. Customers need to feel welcomed at your store so that they feel comfortable eating at your restaurant. Your chef should also be skilled so that he can keep up with the food quality that the company serves to its customers.
Area Required for Puranpoli Ghar Franchise
The area required can be anything between 250 sq ft to 500 sq ft. However, this number is just an assumption because the company has not yet revealed many details about the area required to open up its franchise. But, it can only be assumed that the floor area should be spacious and the location should be in an ideal location where the footfall of the public is maximum.
The interiors and exteriors should be carefully designed so that customers feel comfortable at the store. However, it should also be comfortable for the employees and the staff members working as well. The furniture, billing desk, tables and chairs etc., should be ideally placed inside the store so that the environment inside remains safe for everybody.
Investment Required For Puranpoli Ghar Franchise
The total investment is not revealed by the company but one can expect it to be a whopping amount between INR 15 lacs to INR 25 lacs. The investment majorly depends on various factors like the location. If you wish to open its store in a tier 1 city then the investment could be more rather than opening in a tier 2 or tier 3 city.
Entrepreneurs should contact the company personnel to know more about the investment details. But, setting up a store for such a reputable food brand could only be a costly option than most other businesses. But, all in all, it is a profitable business as not only the investors of Shark Tank India was impressed but national audience were impressed too.
Documents Required to get Puranpoli Ghar Franchise
The documents that could be asked to be submitted by you should be well-maintained and updated so that there are no chance for your application getting rejected. Staying updated will give the company a positive impression about you as a person and will show how responsible you are. However, the documents that could be asked to you are:
- ID Proof (Aadhaar card, Voter card, PAN card)
- Address proof (electricity bill)
- Passport size photographs
- NOC of shop
- Franchise agreement
- Rent agreement if the store is on rent
- GST registration certificate
- Trade licence and Food licence
- Lease agreement (if any)
How To Get Puranpoli Ghar Franchise?
Getting Puranpoli Franchise can be done by contacting the company personnel directly. As far as the official website goes there has been no revelations made by the them so far. However, a customer care number has been provided right at the top of the website where it is easily visible for interested entrepreneurs and as well as regular customers to call and ask for the queries that they have in mind.
However, you must be an eligible candidate to become the most suitable entrepreneur to open up a Puranpoli Ghar Franchise. The company is earning a decent amount of revenue each year through all its locations and you would have to be the best entrepreneur having the required skillsets to run its franchise successfully.
Puranpoli Ghar Franchise Profit Margin
The company is doing well enough in their sales and as well as their revenues each year. The company has got plans to expand its business to over 100 outlets in the upcoming years across the country as it was revealed by the team when they had the opportunity to represent their company in the second season of Shark Tank India.
The investors were also impressed by the profits that the company was making. The company had made sales of 18 crores with a profit margin of 20%.
Despite their disappointment of not getting a deal on Shark Tank India the founders of the company remained optimistic about the future of their company. It was already a success for them about the fact that their sales numbers were impressive along with the profit margin. Profit margins earned by its franchises could be decent enough as well considering the marketing and the amount of attention the company has received over the past couple of years.
Average ROI period for Puranpoli Ghar Franchise
The timeline for the return on investment can be assumed to be within a year. When the company was representing itself in Shark Tank India, angel investor Anupam Mittal was already impressed about the fact that the business was already doing good and did not want any funding. He even jokingly said that Mr Bhaskar should be the one sitting in his seat.
Lenskart founder Peyush Bansal said that he could purchase two franchise with the asking fund which was INR 75 lacs. He further added saying that his returns would be better and the yearly revenue would be INR 4 crores. At the end he said that Mr. Bhaskar should be taking Lenskart’s franchise and he (Peyush) will take his (Mr Bhaskar’s).
Royalty Fee Charged by Puranpoli Ghar Franchise
Entrepreneurs who wish to open up the franchise of Puranpoli Ghar can directly get in touch with the company personnel to know about the royalty. A 5% royalty fee can be expected from the company’s point of view from its franchisees as it was revealed by them in Shark Tank India. The investors thought that it was quite less.