People looking to start their own business can checkout this franchise model as … The QSR chain, which now has 114 outlets in … The technology can be thought of as an application that captures data at the point-of-sale machine on what a consumer consumed. Sign-up and we will contact you when Jumboking franchise opportunities become available on Franchising.com. Jumboking Founder Dheeraj Gupta is eyeing a 10x growth in stores and revenues in seven years. We are not engaged in, supporting, or endorsing any specific franchise, business opportunity, company or individual. Franchise-focused outlets helped Mumbai-based Jumboking reinvent itself. People who eat at Jumbo King will not choose other Vada Pav and vice versa. Box 20547San Jose, CA 95160PH. Food franchise opportunities in India Despite Indian patriotism, international Food and Beverage brands are actively entering the market which has been thriving for the last ten years. During the 21-day lockdown announced by PM Modi, Jumbo King wants to engage with the society in a meaningful manner despite its stores being shut down. Offering every Indian a delicious power-up on the go. Jumbo King is a popular fast-food chain based in Mumbai and has opened many franchise stores across the country. How this class 10 dropout built QSR chain Momo King that clocked Rs 7 Cr turnover in 3 years, How this Delhi startup is leveraging the QSR model to sell 'Koolchas' 24x7, How QSR startup Wow! During the first three months their stores were closed. Jumbo King has a team of people spanning the functional areas of operations, business development, franchisee relations and marketing. Jumbo King Foods Pvt. This post has been written by Megha Sethia & P Yash Kumar for The Financial Pandora. Dheeraj Gupta, today the MD of Jumbo King, carefully observed Burger King's franchise business pattern and thought to apply a similar model here. However, the owner of the Burger King franchise has to pay a specific cost of the material to the franchisor’s training centers. Jumboking operates as a fast food retail chain on franchise basis nationally. For more details, refer down below for Jumbo King Franchise Reviews. India's Most Trusted Franchise Discovery & Review Platform. The GTV of all the stores, when calculated with details available with the ROC, shows that the revenue was already more than $8 million in 2018. Search, Read Review & Connect with User Recommended Franchise. Franchise Reviews & Business Opportunities in India. The founder then took a bold bet, completely realigning the business model from company-owned stores to a franchise model. We then felt we would have better controls on operations and services if the stores were company-owned. Dheeraj not only put up his own single product stores but also convinced others to invest in the brand through the franchise model. “We have been able to scale up with lower costs because of our franchise partners, we have invested in technology, in lean systems and processes and have partnered with great manufacturing companies Over the last decade, Jumboking, which started as a vada pav brand, has grown as a burger brand.”. Copyright © 2001 - 2020. “Our frugality, over the years, has helped us prepare by taking care of our staff. The market size is estimated to be $4 billion at present. No statement in this site is to be construed as a recommendation. Total setup cost- INR 25 lacs (QSR) Cost Break-up: Franchisee Fee- INR 4 lacs + taxes (non-refundable) Year in review: How was 2020 for edtech, ecommerce, online gaming, and more? Apart from focusing on Jumboking’s growth, Dheeraj also does a YouTube video log on marketing to disseminate the knowledge he has gained during his journey. The Jumbo King brand was founded by Dheeraj Gupta, a Hotel Management Graduate with a Masters degree in Financial Management. The company has also tweaked its logo to a 100% touch-free version. Dheeraj had raised Rs 6.5 crore venture capital from undisclosed sources in 2010, and was soon struggling with unit economics and overhead costs like rents and salaries. The company makes a net margin of 8 percent. Then we decided to franchise and gave even the three company-owned stores to franchisees. A franchise offering can be made by us only in a state if we are first registered, excluded, exempted or otherwise qualified to offer franchises in that state, and only if we provide you with an appropriate franchise disclosure document. That meant to reach to a daily sale of INR 10,000; they needed to cater to approximately 400 customers. Jumbo King, a success story in traditional food: Monday, 04 October, 2010, 08 : 00 AM [IST] Our Bureau, Mumbai: It all started when he went to London to sell self-owned Indian sweets. The shift to a franchise-owned model has worked well for Jumboking. These international brands have changed the experience for Indians and have used franchising well for over 50 years,” he says, explaining why he decided to change his model. Jumboking, which now has 114 franchise stores in Mumbai and Pune, is eyeing 1,000 stores across India in the next five to seven years. Has an effective marketing in place. In the same year, we introduced several Jumbo King vada pav variants. On Facebook, Goli has 152k page likes, Burger King has 8 million page likes and Jumboking has 218k page likes. Hobby Configuration: 12 packs/32 cards 2020 Bowman Draft Baseball Cards Box Hits: Hobby Box Hits (3) Prospect Autograph Cards (84) Chrome Base Cards (24) Chrome Refractor Parallels (1) Hobby EXCLUSIVE Box Topper (11) Inserts 2020 Bowman Draft Bas All Rights Reserved. “Cloud kitchens have always been around, according to me. Eligibility criteria for a Unit Franchise. Think about which brand dominates the dine-in and delivery pizza experience. They went the direct-to-consumer (D2C) route along with foodtech companies like Swiggy and Zomato. For more details connect with FranchiseBazar or give a call on 9844443200 We are performing usual website maintenance and hence you may face disturbances during this period. But Dheeraj believes that one can never prepare for a pandemic. This shows that the brand has seen success - it made annual revenues of Rs 25 crore ($4 million) during its peak in 2012. The IPO has been priced in the Rs 59-60 a share range and the company aims to raise around Rs 810 crore at the upper end of the price band. Now that the borders have opened up, supply is back to normal. Jumbo King’s biggest challenge at that time was the survival of the business on one single item. Once set up, s/he will have to pay a fixed percentage – 10 percent – on the top line. In2012, despite a presence in 13 cities with 52 company-owned and franchise stores, the company found that sales were taking a major hit. The brand competes with McDonald's, Burger King, and Indian ones like Bikanerwala, Haldiram’s, and Gili VadaPav. It is the market leader in the category of vada pav and a household name in Maharashtra. The founder will soon build this to a Rs 100 crore in revenue brand by 2021. Turning company-owned stores into franchises helped Jumboking navigate the choppy waters it found itself in. 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