Cost For Domino's Pizza Franchise In India
Domino's Pizza is one of the most popular pizza chains that has a global presence. It has more than 17,000 stores in over 90 countries. In India, it has been operating for over two decades and has become a popular choice for pizza lovers. If you are interested in investing in a franchise of this popular pizza chain, then you need to know about the cost of owning one.
What is a franchise?
A franchise is a business model where an individual or entity has the right to use a company's brand, products, and services for a fee. In return, the franchisee has to follow the franchisor's rules and regulations and pay a percentage of their revenue as royalties. Franchising is a popular business model in the food and beverage industry, and Domino's Pizza is one of the leading brands in this sector.
How much does a Domino's Pizza franchise cost in India?
The cost of owning a Domino's Pizza franchise in India varies depending on the location, size, and other factors. Generally, the initial investment required to open a store ranges from Rs 1 crore to Rs 2.5 crores. This includes the franchise fee, equipment, and other expenses.
What are the franchise fees?
The franchise fee is the amount that a franchisee has to pay to own a franchise of a particular brand. In the case of Domino's Pizza, the franchise fee is around Rs 25 lakhs. This fee is non-refundable and covers the cost of training, support, and other services provided by the franchisor.
What are the ongoing fees?
In addition to the franchise fee, a franchisee has to pay ongoing fees to the franchisor. These fees include royalties, marketing expenses, and other charges. The royalty fee is generally 5.5% to 6.5% of the sales, and the marketing expenses are around 4% of the sales.
What are the other expenses?
Other expenses that a franchisee has to bear include rent, salaries, utilities, and maintenance costs. These expenses vary depending on the location, size, and other factors.
What are the requirements to become a franchisee?
To become a franchisee of Domino's Pizza in India, you need to meet certain requirements. You should have a minimum net worth of Rs 1.5 crores, and a liquid capital of Rs 75 lakhs. You should also have experience in the food and beverage industry, and a willingness to follow the franchisor's rules and regulations.
What are the benefits of owning a Domino's Pizza franchise?
Owning a Domino's Pizza franchise has several benefits. Firstly, you get to operate under a well-established brand name that has a loyal customer base. Secondly, you get access to the franchisor's training, support, and marketing services. Thirdly, you can benefit from the franchisor's economies of scale, which can help you reduce your operational costs.
Conclusion
Owning a Domino's Pizza franchise in India can be a lucrative business opportunity. However, it requires a significant investment and a willingness to follow the franchisor's rules and regulations. Before investing in a franchise, it's essential to do your research and understand the costs, benefits, and requirements involved.