There aren’t many people in our country who wouldn’t enjoy a nice cup of tea. People of all ages ranging from youth to old like chai a lot. This has resulted in the increase of tea stalls in recent years. Among such stores, one of the most popular start-ups is MBA Chaiwala. This will excite Chai-enthusiast to think about MBA Chai Wala franchise cost.
If you want to go into the quick-service restaurant industry such as chai and coffee, an MBA Chai Wala franchise is a good option.
In this blog, learn about the MBA chai Wala franchise price, MBA Chai Wala income, potential for profit, mandatory paperwork, necessary location, and application process in detail.
MBA Chai Wala: An Introduction
MBA Chai Wala is a very successful tea franchise in India, especially in the country’s larger cities. Currently, they own outlets in around 100 cities and adopting expansion plans to set up stores throughout India. Although the MBA Chai Wala craze has been sweeping the nation since July 25, 2017, it is still in its beginnings.
However, they’ve established themselves as a recognizable brand in the food and drinks sector very quickly. This increases queries about this newly developed franchise such as what is MBA Chai Wala net worth and MBA Chai Wala income per month.
Who owns MBA Chai Wala?
Prafull Billore is the CEO and Founder of MBA Chai Wala. After finishing undergrad, he decided to pursue an MBA at IIM Ahmedabad. Unfortunately, he was unable to accumulate enough points to enroll in IIM. He overcame early difficulties and, with an initial investment of only INR 8,000, launched a tea stall under the name MBA Chai Wala.
Those who are interested in knowing MBA Chai Wala franchise cost, MBA Chai wala net worth, etc., must be interested to know about what MBA Chai Wala offers to their customers.
Some of the most famous chai stipulated in the franchise menu are:
- Masala Chai
- Elaichi Chai
- Chocolate Chai
- Regular Chai
- Tulsi Chai
They also offer green tea, different varieties of coffee, and mojito, etc., Along with drinks, they offer masakaban, Maggi, omelets, puffs, etc., to have a nice chai experience.
MBA Chai Wala Franchise: Application Process
Before delving into the MBA Chai Waala franchise price, you must be aware of the process of getting the franchise. Indeed, if you’re searching for a profitable franchise opportunity in the food and drink sector, MBA chaiwala may be worth considering.
In India, tea is the product with the highest level of consumer demand. We understand that if you are interested in MBA Chai Wala franchise cost, you must be worried that the franchise is only four years old. However, in a short span, they know what young people, college students, and tea connoisseurs like.
There are plans for MBA Chai Wala to expand its offerings beyond only tea. This will enhance MBA Chai wala income for franchisers.
Requirements to Open MBA Chai Wala
If you are considering things like MBA Chai wala net worth, and MBA chai wala income, first think of obtaining permits. To open an MBA chai wala franchise, you will need the following permits and registrations:
Filing for a Business License
- A valid FSSAI license and a trade license issued by the appropriate local authority
- Shop and Establishment registration under relevant state laws
- GST Registration
- NOC issued by the Fire department
- Eat license
- Clearance from the Ministry of Environment and Forestry (MOEF)
- Signage permit from the concerned municipal corporation
MBA Chai Wala Net Worth
Inspired by the success of MBA Chaiwala, many individuals are interested in knowing MBA Chai Wala net worth. Prafull has amassed an estimated $30 million through the sale of franchises and other ventures. Prafull, who has his channel on YouTube, has been an inspiration to millions of aspiring students and businesspeople in India through the platform.
He is fluent in English, yet his writings are all in Hindi. Prafull has started the MBA Chai Wala Academy, where he teaches his course on how to think like an entrepreneur.
MBA Chai Wala Franchise Cost
Here comes, the most important thing, MBA Chai wala franchise price.
An MBA chai wala franchise needs an initial investment of 8 lakh rupees. The aforementioned sum is broken down as follows:
- Franchise fee: Rs 3,00,000
- Retail Space Redesign: Rs 3,00,000 including Interior works, furniture, name plate etc.,
- Construction supplies and machinery: Rs. 1,300,000
- Other costs: Rs, 20, 000
- Security deposit for store: Rs 50,000 depending upon the location
For a new franchise to begin operations, this amount is the bare minimum. There may be a higher initial outlay required if you intend to launch on a grander scale or with more physical real estate.
MBA Chai Wala supplies the necessary ingredients, tools, and personnel with the necessary skillsets. Shop rent, staff wages, raw supplies, utility bills, etc. all add up every month.
MBA Chai Wala Income Per Month
If you are tense about MBA Chai wala income, you can expect a profit margin of up to 40%-50%.
However, the profit margin is a black box, and its actual percentage is unclear. New food items, including Nasta products, will soon be available to complement the chai which will eventually enhance ROI.
The Preferred Location for MBA Chai Wala
After knowing the MBA chai wala franchise price, finding a perfect location is an important task.
A tea franchise would do well on any busy street, whether it be an industrial area, residential area, shopping area, bazaar, highway, or whatever. MBA Chai Wala is at the height of its popularity, which means it will bring people in for a Cup of Tea.
Franchise Agreement’s Terms and Conditions
Some of the significant conditions are: –
- They want the contract to last at least five years, preferably more which is different from other fast-food stores.
- The Overall Franchise Investment is between 7-10 lakhs
- The minimum carpet size specified by the franchise is 100 square feet
- MBA Chai Wala requires a minimum of 1 and a maximum of 3 staff to provide a better experience to its customers.
Contact Details of MBA Chai Wala
To get a franchise, Call +91 722 290 5222 to reach the MBA chaiwala team. You may also get out to them at [email protected] or by visiting their official website.