7th Heaven Franchise: India, a country with an affluent culture, diverse cuisines and most importantly, a booming business hub. With a growing economy, there is a plethora of business opportunities available. One of these opportunities is franchising – a perfect blend of entrepreneurship and corporate stability. One such franchise opportunity that has taken the Indian market by storm is the 7th Heaven franchise.
7th Heaven, a name synonymous with delectable baked goods and mouthwatering desserts, stands tall in the bakery and confectionery industry in India. Right from their sumptuous cakes to their irresistible pastries, everything about 7th Heaven screams perfection. But how easy is it for an aspiring entrepreneur to be a part of this successful franchise chain? In this article, we delve into the nitty-gritty of starting a 7th Heaven franchise in India, analyzing the costs involved, the fees, and the potential profit margins.
Business Model of 7th Heaven Franchise
When you’re thinking about the 7th Heaven franchise, imagine a kid in a candy store, and by candy store, I mean a delectable array of bakeries, patisseries, chocolates, and all things delicious. Founded in 2013, 7th Heaven is a one-stop destination for your sweet cravings, offering a comprehensive selection of cakes, desserts, and pastries.
So what’s their secret formula? Innovation! Innovative designs, mouth-watering flavours, and a continual commitment to quality are at the core of their business. Their model stands on the firm foundation of providing freshly baked delights around the clock, while also offering unique concepts like live cake-making, turning the mundane cake-buying experience into a memorable spectacle. But enough about cake dough and frosting, it’s time to dig into the business dough.
Let’s don the financial cap and delve into the numbers, starting with one of the most crucial aspects of franchising – the application process.
Steps to Start Your 7th Heaven Franchise
Now that you know the costs and potential profits, let’s take a look at the step-by-step process:
Step 1: Initial Inquiry and Application – Visit the 7th Heaven website and fill out the franchise inquiry form.
Step 2: Discussion Meeting – The franchise team will hold a discussion with you, explaining the business model, costs, and the support they provide.
Step 3: Personal Interview and Location Assessment – 7th Heaven’s franchise team will conduct a personal interview and assess your proposed location for viability.
Step 4: Agreement and Training – Once approved, you’ll enter into the franchise agreement and undergo training on running the store effectively.
Step 5: Store Launch – Finally, the franchise team will help you with the store setup, and you’re ready to welcome your first customers!
Cost and Fees
Starting your 7th Heaven bakery and confectionery franchise begins with understanding the financial commitment involved. To make it easier, we have broken it down into two primary segments.
Initial Franchise Fee
The initial franchise fee is a one-time payment that you make to the franchisor to use their brand name. This fee goes towards the initial training, equipment setup, and support you receive from the franchisor.
- For a 7th Heaven franchise, the initial fee ranges between INR 3 – 5 Lakhs.
Apart from the initial franchise fee, there is an investment cost. This cost involves the price of interior setup, initial inventory, and business licensing. On average, they are:
- Interior set-up cost: INR 5-7 Lakhs
- Initial inventory cost: INR 1-2 Lakhs
- Operating licenses, including health and safety: INR 50,000 – 1 Lakh
Considering these expenses, the total cost of starting a 7th Heaven franchise can be estimated to be between INR 10-15 Lakhs.
With the cost in place, it’s time to think about what really lights up the entrepreneurial spirit – the profits. After all, high returns are the aim of any business endeavor.
Here’s an overview of the profit margin you can expect from a 7th Heaven franchise:
- With an average sale price of INR 100-150 per item and a manufacturing cost of around INR 30-50, you earn a profit of INR 50-100 per item.
- Considering a moderate footfall of 50 customers per day, your daily profit could range from INR 2500 – 5000.
- This brings a monthly profit of INR 75,000 – 1,50,000 and annual profit from INR 9 -18 Lakhs.
Thus, you can expect a return on investment (ROI) in 1-1.5 years.
India is a country that absolutely loves sweets, and franchising with 7th Heaven could be a fabulous way to share in that joy while enjoying a successful business venture. It’s not just about the decadent treats, but the joy and satisfaction you can bring to your customers and, of course, the potential profits!
However, remember that success is never guaranteed. Your commitment, effort, and willingness to learn and grow are crucial elements of your entrepreneurial journey with 7th Heaven. Are you ready to ride this sweet roller coaster?
“The only way to do great work is to love what you do.” – Steve Jobs
What qualifications are needed to apply for a 7th Heaven Franchise?
A fundamental requirement is the capacity to invest. In addition, having a background in food and hospitality can help.
Is there support provided by the franchisor?
Absolutely. The franchisor typically offers extensive guidance ranging from store setup, staff training, operational procedures to marketing support
How long before I can break even?
Well, as in any business, the breakeven point depends on many factors. However, typically speaking, it could range from 12-18 months.
No. Part of the thrill (or restriction, depending on how you view it) of owning a franchise is adhering strictly to the branding and operational guidelines set forth by the franchisor.