How to Start Tibbs Frankie Franchise in India – Complete Guide
Are you looking to venture into the food franchise business in India? If so, then starting a Tibbs Frankie franchise might be the perfect opportunity for you. Tibbs Frankie is a well-known brand in the fast food industry, specializing in delicious and mouthwatering frankies that are loved by people of all ages. In this guide, we’ll walk you through the step-by-step process of starting your own Tibbs Frankie franchise in India.
Table of Contents
Tibbs Frankie Franchise Cost in India
The cost of opening a Tibbs Frankie franchise in India is in the range of Rs. 10 Lacs to Rs. 15 Lacs. It can vary depending on various factors such as location, size of the outlet, and other operational expenses. Also, you must have a minimum of commercial retail space of around 100 to 150 sq. ft in a good location. The expected payback period is within 6 to 12 months. You will learn about the profit margin in their franchise agreement document.
Here is a general overview of the estimated franchise cost:
⇒ Franchise Fee
The franchise fee for Tibbs Frankie typically ranges from Rs. 3 Lacs to Rs. 5 Lacs. This fee grants franchisees the right to use the Tibbs Frankie brand name, logo, and business model.
Read: Top Fast Food Franchise Business in India
⇒ Investment in Outlet Setup
The cost of setting up the franchise outlet, including interior decor, kitchen equipment, furniture, signage, and other fixtures, can range from INR 10 lakhs to INR 20 lakhs or more, depending on the size and location of the outlet.
⇒ Rental or Real Estate Costs
Rental or real estate costs will vary depending on the location of the outlet, with prime locations in metro cities commanding higher rents compared to suburban or rural areas.
⇒ Working Capital
Franchisees will need to allocate funds for working capital to cover operational expenses such as staff salaries, utilities, inventory procurement, marketing, and promotional activities.
⇒ Franchise Agreement Terms
Franchisees may also need to budget for other expenses such as royalty fees, marketing fees, and ongoing support fees as per the terms outlined in the franchise agreement.
Tibbs Frankie Company Overview
Tibbs Frankie is a renowned name in the Indian fast food industry, celebrated for its delicious and innovative frankies. Established in Mumbai in 1969 by Amarjit Singh Tibb, Tibbs Frankie quickly gained popularity for its unique take on the traditional Frankie roll, a popular street food item in India. The brand’s commitment to quality ingredients, authentic flavours, and consistent taste has earned it a loyal customer base across the country.
With humble beginnings as a small food cart in Mumbai, Tibbs Frankie has grown into a well-established franchise chain with outlets in major cities and towns across India. The company’s success can be attributed to its focus on delivering high-quality, freshly prepared frankies that cater to the diverse tastes of Indian consumers. Tibbs Frankie’s menu features a variety of vegetarian and non-vegetarian options, including classic favourites like the Chicken Tikka Frankie and Paneer Masala Frankie, as well as innovative creations inspired by global flavours.
8 Steps to Open a Tibbs Frankie Franchise in India
1. Research and Familiarize Yourself with the Brand
Before diving into the franchise business, it’s essential to conduct thorough research on Tibbs Frankie. Familiarize yourself with the brand, its history, values, menu offerings, and target audience. Visit existing Tibbs Frankie outlets to experience their food and understand their business operations firsthand.
2. Understand Franchise Requirements and Costs
Next, reach out to Tibbs Frankie to inquire about their franchise requirements and costs. The company will provide you with detailed information regarding the initial investment, franchise fee, ongoing royalties, and other financial obligations. Make sure you understand these costs and have the necessary capital to invest in the franchise.
3. Select a Suitable Location
Location plays a crucial role in the success of your Tibbs Frankie franchise. Choose a high-traffic area with good visibility and accessibility, such as shopping malls, busy streets, or commercial complexes. Ensure that the location complies with Tibbs Frankie’s guidelines and standards for franchise outlets.
4. Secure Necessary Permits and Licenses
Obtain all the required permits and licenses to operate a food franchise business in your chosen location. This may include health permits, food safety certifications, fire safety clearances, and any other regulatory approvals mandated by local authorities. Compliance with legal requirements is essential to ensure smooth operations.
5. Complete Franchise Agreement and Training
Once you’ve selected a location and secured the necessary permits, you’ll need to sign a franchise agreement with Tibbs Frankie. This agreement outlines the terms and conditions of your franchise partnership, including rights, obligations, and operational guidelines. Additionally, undergo comprehensive training provided by Tibbs Frankie to learn about their food preparation methods, customer service standards, and business processes.
6. Set Up Your Franchise Outlet
With the franchise agreement in place and training completed, it’s time to set up your Tibbs Frankie outlet. Work closely with the company’s support team to design the layout, decor, and signage of your outlet according to Tibbs Frankie’s branding standards. Purchase necessary equipment, furniture, and fixtures to create a functional and inviting space for customers.
7. Hire and Train Staff
Recruit a team of skilled and enthusiastic staff to run your Tibbs Frankie franchise outlet. Provide them with thorough training on food preparation, customer service, hygiene practices, and operational procedures. Ensuring that your staff is well-trained and motivated will contribute to the success of your franchise business.
8. Launch and Promote Your Outlet
Finally, launch your Tibbs Frankie franchise outlet with a grand opening event to attract customers and create a buzz in the local community. Implement marketing and promotional strategies to increase brand awareness and drive foot traffic to your outlet. Utilize social media, local advertising, and promotional offers to engage with potential customers and encourage them to try Tibbs Frankie’s delicious frankies.
More Food Franchise Reviews:
- KFC Franchise in India
- Pizza Hut Franchise in India
- Dominos Pizza Franchise in India
- Subway Franchise in India
Tibbs Frankie Franchise Contact Details
Interested individuals can visit the official Tibbs Frankie website or contact their franchise development team to inquire about franchise opportunities and initiate the application process. Find below their official and e-mail address:
- 808, Business Summit Bay
- Omkar Building
- Andheri East
- Mumbai – 400093
- E-mail – [email protected]
Frequently Asked Questions
What is Tibbs Frankie?
Tibbs Frankie is a popular Indian fast-food chain known for its delicious wraps and rolls filled with a variety of fillings, sauces, and spices.
What are the eligibility criteria to become a Tibbs Frankie franchisee?
Tibbs Frankie typically looks for individuals or entities with a strong entrepreneurial spirit, a passion for the food industry, and the financial capability to invest in and operate a franchise outlet.
What support does Tibbs Frankie provide to its franchisees?
Tibbs Frankie provides comprehensive support to its franchisees, including assistance with site selection, outlet setup and design, staff training, marketing and promotional support, and ongoing operational guidance.
What is the franchise term?
The franchise term for Tibbs Frankie typically ranges from 5 to 10 years, depending on the terms outlined in the franchise agreement.
How long does it take to open a Tibbs Frankie franchise outlet?
The timeline for opening a Tibbs Frankie franchise outlet can vary depending on factors such as site selection, obtaining necessary permits and licenses, and completing the outlet setup. On average, it may take anywhere from 3 to 6 months or more to open a franchise outlet.
Can I own multiple Tibbs Frankie outlets?
Yes, subject to approval from Tibbs Frankie and meeting their criteria, franchisees may have the opportunity to own and operate multiple franchise outlets in different locations.
What are the ongoing fees associated with owning a Tibbs Frankie franchise?
Franchisees may be required to pay ongoing fees such as royalty fees, marketing fees, and other support fees as per the terms outlined in the franchise agreement.
Is training provided to franchisees and staff?
Yes, Tibbs Frankie provides comprehensive training programs for franchisees and their staff to ensure they are equipped with the necessary skills and knowledge to operate the franchise outlet efficiently.