If you are interested in starting a McDonald’s franchise in India, this article will give you all the information you need. This is one of the best business ideas in India for entrepreneurs.
We will cover topics such as the cost of starting a franchise, the requirements, the process, the investment, the benefits, how to apply, and the documentation.
Starting a McDonald’s franchise in India is an expensive proposition. You will need to have a minimum investment of ₹. 2.5 crore. Additionally, you will also need to pay a franchise fee of ₹ 30 lakh.
Why start a McDonald’s franchise in India?
McDonald’s is one of the most popular food chains in the world. It has a presence in over 100 countries and serves more than 68 million customers every day.
India is one of the most promising markets for McDonald’s and it has been present here since 1996. The company has more than 350 outlets in the country and plans to open many more in the coming years.
When it comes to starting a McDonald’s restaurant in India, there are a few things you will need to keep in mind. We will outline the cost, the requirements, the process, and the investment below.
How much does it cost?
What is the McDonald’s Franchise Cost in India? To start a McDonald’s franchise in India, you will need to invest a minimum of ₹. 2.5 crore.
This amount includes the franchise fee of ₹. 30 lakh. Additionally, you will need to have a seating capacity of at least 50 people.
Some of the McDonald’s franchise cost in India include Construction expenses, Inventory, Interior decor, exterior landscaping, Hiring and training, Kitchen equipment, and Signage.
What are the requirements?
To start a McDonald’s franchise in India, you will need to meet certain requirements. These include:
- A minimum investment of ₹ 2.5 crore
- A seating capacity of at least 50 people
- At least 3 years of experience in the restaurant business
- The ability to recruit and manage a team of at least 20 employees
What is the process to start?
Once you meet all the requirements, you can apply to become a McDonald’s franchise. If your application is approved, you will need to go through a detailed onboarding process, which includes training and support from McDonald’s corporate team.
What is the investment?
As mentioned earlier, the minimum investment required to start a McDonald’s franchise in India is ₹ 2.5 crore.
This includes the franchise fee of ₹ 30 lakh. Additionally, you will need to have a seating capacity of at least 50 people and the ability to recruit and manage a team of at least 20 employees.
What are the benefits?
There are many benefits include:
- The opportunity to be your boss
- A proven business model with a strong brand
- Training and support from company’s corporate team
- Access to exclusive products and marketing materials
- A flexible work schedule
How to Apply
If you meet all the requirements, you can apply on the company’s website. The application process includes a detailed questionnaire, which you will need to complete and submit.
Once your application is approved, you will need to sign a Franchise Agreement with the company. This agreement outlines the terms and conditions of your franchise, including the royalty fees and the marketing fund contribution.
Documentation required before starting:
The following documents are required before starting a McDonald’s Restaurant:
- ID Proof:- Passport, Voter Card, Pan Card
- Personal financial statement
- Bank Account details with canceled Cheque
- Passport-size photograph
- Authorization letter
- Goods and Service Tax Identification Number (GST Number)
- Franchise Agreement
- Address Proof:- Electricity Bill, Ration Card, Aadhaar Card
- Property Document
The profit margin of a McDonald’s restaurant in India is about 20%. This means that for every ₹ 1 lakh you make in sales, you can expect to earn a profit of ₹ 20,000.
The Bottom Line: Starting a McDonald’s outlet in India is a costly proposition but it comes with many benefits.
If you are interested in starting your own business, this could be a great opportunity for you. Just make sure you meet all the requirements and have the necessary investment before you apply.
|Are you an
Entrepreneur or Startup?
Do you have a Success Story to Share?
SugerMint would like to share your success story.
We cover entrepreneur Stories, Startup News, Women entrepreneur stories, and Startup stories