To feed the appetite of this fast-growing world, Burger King, a privately owned, American brand is up to the mark. Founded in Florida in 1953, Burger King is the biggest burger chain present in the US. It has a net worth of more than USD 10 billion and those counts are just for the sales in the United States with establishments in 75 countries,
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Burger King is popular not only in metropolitan cities but also t is famous in the cities like Chandigarh, Punjab, Himachal, and many such. We know that the brand provides the world-famous Burgers but what is behind that consistency? A very good customer support service. With the questionable amount of its customers, it will garner the big numbers of franchised brands in India.
Here is everything you need to know about how to get the franchise of Burger King in India.
How to own a Franchise of Burger King in India?
To get a Burger King franchise, you will need to follow some agreements that the company offers. These are, the Individual agreement, an Entity agreement and the last is Corporate agreement. By the year 2021, Burger King has around 265 stores in India, offering the best quality services and feeding the appetite of its fans. Before we tell you about the steps to apply for the franchise of the company, there is something you must know. Here are some of their requirements and how much the franchise owner will cost you.
The Requirements for taking the Franchise of the Burger King
The company has some requirements that need to be fulfilled before the store is on the run.
- The company has lots of places where the stores can run successfully and that list has a total of three categories. The first category includes the crowded areas such as - bus stations, airports, train stations, sports grounds, near the offices and the institutions. These busy places are in the first category of the list. The second category includes the shopping complexes and commercial areas. The non-conventional locations like the petrol pumps and the grocery stores and markets are on the third category of the list.
- The company also wants to open a bunch of franchises everywhere. For that, the company demands working on some average amount of time. And the outlet must serve a single purpose: that of running a Burger King business.
- Moreover, there is the enlisting of the franchisee required to get a training program done.
- The training program conducted by the company itself is to help the people learn all about the business of fast foods.
- The company offers tons of benefits to the franchise owner, with the best-in-class support in the case of any problems and inquiries.
Burger King Franchise Cost and Charges
For owning a franchise there would be the in-hand requirement of about 20 crores for the investments. Apart from that, you need to pay the general amount of money for the extra issues.
Like as per the general fees standard for most of the franchises in the Food and Beverage Industry, the owner takes the Royalty fee of 4.5 percent from the monthly gross sales. The company takes 4 percent of the monthly gross sales as the fees for advertising. For owning as big of a company's franchise as Burger King, the government of India has also levied some taxes. Currently, this tax is around 18 percent of the gross sales. When you are about to open a restaurant, you must hire the people to work there, and that requires some amount of money for the training of those people which is a mandatory part.
This cost is not fixed and may vary as per different locations. This is almost everything about the cost required for owning a franchise. Now let's see how to apply for the Burger King franchise.
How to Apply for Burger King Franchise in India
To apply for owning a Burger King Franchise, you must follow some required steps. First, go to the website of the Burger King company and apply to open a franchise. On the approval of the application, the company will contact you and inquire further. After that, it takes the necessary steps further.
The company will verify the net worth of the franchisee including all the liquid assets. After that, the further step is about the presentation of the business plans and structures for the further progress of the business. The profit made by the company last year was around USD 1,547,502 billion in the United States. Being a fast-food company, there are high-profit margins in a country like India.
So, it can be said to garner the profit numbers for the franchise and overall, the company. Although there remain the chances of some ups and downs due to the increasing popularity of the health-focused brands. But fast-food brands are always worth investing in.
