According to statistics, the franchise industry has recently experienced exponential growth. It is currently valued at USD 47–48 billion and is expanding at a rate of 30–35 percentage each year.
The franchise sector is anticipated to reach USD 140-150 billion in five years. According to figures from the franchise sector, more than 300 businesses launch franchises year on average. Multi-unit franchisees control 53% of all franchises. In India, there are currently 4,600 active franchisors operating in approximately 200,000 outlets in a variety of industries, including retail, food service, healthcare, business services, beauty, and wellness.
The Indian franchise market is still pretty new, it contributes 2% to the country's GDP. However, there are still some major contributors, especially in the restaurant industry. One such pioneer in the food industry has been Spice Grill Flame India (SGF India). Incepted in the year 2012 by Mr Kewal Ahuja, Spice Grill Flame just had two outlets and today there are more than 60 franchise outlets all around the nation. It is not only established as the finest restaurant that is serving a wide variety of scrumptious vegetarian food but has also been a successful business with an economical investment plan for anyone who is willing to be a part of this success.
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In addition to all this, Spice Grill Flame India (SGF India) is not just a food chain but it rather is a food tech company. They have combined technology and food business together in order to get equipped with digitalization and also to advance themselves. They use technologies such as IoT (internet of things) and AI (artificial intelligence) to create an extensive database to make processes easy, be it buying franchises or a list of trustable vendors. Even the team on board is full of IT experts and MBA graduates, thus, they ensure to reap the benefits that technologies have to offer.
Why is investing in Spice Grill Flame’s franchise model worth it?
To make the whole procedure an easy one, Spice Grill Flame India provides two different franchise models. One is the FOFO which means that the franchise is owned and operated by the franchise owner itself. The other one is FOCO in which the outlet is owned by the franchise only however it is the company that overlooks all the workings. Each of the models has exceptional benefits and a plethora of profit margins.
Over all these years, the team has worked to make the process simple and streamlined. Therefore, whoever gets a franchise and becomes a part of Spice Grill Flame’s family will receive assistance in whatever way they may require. As a result, they assist every new franchise with location selection and feasibility studies, support for the setup of the restaurant and kitchen, vendor support throughout the project phase, assistance with staff hiring, online sales beginning on the opening day of the outlet, ongoing marketing and promotional activities to increase branch visibility, provision of raw materials, standard recipes, and much more.
Spice Grill Flame’s achievements so far & what is in store next?
The easy procedures, the reliability factor and trustworthiness are what have helped Spice Grill Flame in its expansion under the guidance of Mr Kewal Ahuja. From just two restaurants to sixty-plus franchises, they have come so far just because they were always determined to serve the best and stay grounded on their value system. Their efforts were even recognised by many other prominent organizations including Swiggy. They were honoured by them and Swiggy’s data compilation showed that afghani chaap was the best seller and the critic’s favourite was mixed sauce pasta. Additionally, Spice Grill Flame (SGF India) and Kewal Ahuja himself got many other accolades including one by Times Food Delivery Icons, the other by F&B Leaders 40 under Forty and many others. Now in the upcoming time, the team will further expand and thus they will be introducing cloud kitchens as well.
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