How to Start One Bite Franchise | Cost, Fee, and 30% Profit Margin

Introduction

Are you looking for a business opportunity that offers delicious food and the potential for high profits? Look no further than starting a One Bite franchise in India! In this article, we will guide you through the process of starting your own One Bite franchise, including the business model, application process, cost and fees breakdown, profit margin, pros and cons, as well as frequently asked questions’ dive right in!

Business Model of One Bite Franchise

One Bite is a well-established food franchise that specializes in offering delectable bites, ranging from savory snacks to mouthwatering desserts. With its unique business model, One Bite has gained recognition for providing delightful treats at affordable prices. One of the key aspects that sets One Bite apart from its competitors is its commitment to using only high-quality ingredients, ensuring that every bite is a burst of flavor and satisfaction for its customers.

One Bite is a fun & engaging Quick Service Restaurant serving wide varieties of Cheesy loafs, Sandwiches, Pizzas, Pastas, Wraps, Burgers, Snacks, Mocktail, Choco lava Cakes, Fiery Grilled & Desserts in a pleasing way to our Customers.

One Bite Franchise offers three models:

  • Takeaway / Kiosk Model: This model requires an area of 120-200 sq ft and has a break-even time of 6-9 months.
  • Stand-Alone / High Street Model: This model requires an area of 200-500 sq ft and has a break-even time of 6-18 months.
  • Dine-In Model: This model requires an area of 600-1000 sq ft and has a break-even time of 6-18 months.

How to apply/ Step by step application process

Starting your own One Bite franchise is an exciting venture, and the application process is designed to be straightforward and efficient. Here’s a step-by-step guide on how to apply for a One Bite franchise:

Research and Familiarize Yourself: Begin by conducting thorough research on One Bite’s franchise opportunity. Visit their official website, read testimonials from existing franchisees, and study the franchise disclosure document to ensure this is the right fit for you.

Reach Out to One Bite: Once you have done your homework, reach out to One Bite’s franchise team either through their website or by contacting them directly. Express your interest in becoming a franchisee and request an application form.

Complete the Application Form: Fill out the application form with accurate and detailed information. Be sure to highlight your relevant experience, passion for the food industry, and your vision for running a successful One Bite franchise.

Business Plan Submission: Along with the application form, you may be required to submit a comprehensive business plan outlining your strategies, marketing ideas, and financial projections. This will demonstrate your commitment and dedication to making your One Bite franchise a success.

Initial Interview: If your application and business plan meet the criteria set by One Bite, you will be invited for an initial interview. This will provide an opportunity for both parties to further explore the potential partnership.

Location Selection and Site Visit: Once you have successfully passed the initial interview, you will work closely with the One Bite team to select an ideal location for your franchise. A site visit will be conducted to ensure that it meets all the necessary requirements and is aligned with the One Bite brand.

Franchise Agreement and Training: Upon finalizing the location, you will be presented with the franchise agreement detailing the terms and conditions of the partnership. After signing the agreement, you will undergo comprehensive training to familiarize yourself with the One Bite operations and standards.

Store Setup and Launch: With the training completed, it is time to set up your store according to the guidelines provided by One Bite. Once everything is in place, you will launch your One Bite franchise, ready to serve delicious bites to eager customers.

Also Read: How to Start Skippi Ice Pops Franchise | Cost, Fee, and 60% Profit Margin

Cost and Fees

Before diving into any franchise opportunity, it is crucial to understand the associated costs. Here is a breakdown of the cost and fees involved in starting a One Bite franchise:

Franchise Fee: To acquire a One Bite franchise, you will be required to pay a one-time franchise fee. The exact amount may vary based on factors such as location and market demand. However, the franchise fee typically ranges from 4 Lakhs to 6 Lakhs.

Setup and Equipment: Setting up a One Bite franchise includes expenses for leasehold improvements, equipment purchase, and interior décor. Depending on the size and location of the store, the cost can range from 2 Lakhs to 5 Lakhs.

Initial Inventory: As with any food-related business, stocking up on the initial inventory is essential. The cost of the initial inventory will vary depending on the size of the store and the menu options offered. A rough estimate for the initial inventory ranges from 1 Lakhs to 2 Lakhs

Working Capital: It is important to have sufficient working capital to manage day-to-day expenses until your franchise starts generating profits. The amount needed for working capital will depend on factors such as the location, operating costs, and marketing efforts. An estimated working capital of 1 Lakhs to 2 Lakhs is recommended.

Royalty and Marketing Fee: As a One Bite franchisee, you will be required to pay ongoing royalty fees, which are typically a percentage of your monthly gross sales. The exact percentage will be outlined in the franchise agreement. Additionally, a portion of the royalty fees is allocated towards marketing and promoting the One Bite brand.

It is important to note that the above figures are general estimates, and the actual cost may vary based on various factors specific to your franchise location.

Profit Margin

While the exact profit margin will depend on the location, operational efficiency, and market conditions, a well-managed One Bite franchise can yield attractive returns. On average, One Bite franchisees can expect a profit margin ranging from 25% to 30%. It is crucial to focus on aspects such as cost control, effective marketing strategies, and providing exceptional customer service to maximize profitability.

Pros and Cons

Starting a One Bite franchise in India offers numerous benefits, but it is essential to consider both the pros and cons before making a decision. Here are some key pros and cons to help you evaluate the opportunity:

Pros:

  • Established Brand: One Bite is a recognized and respected brand in the food industry, which can help attract customers and build trust.
  • Comprehensive Support: One Bite provides comprehensive support to franchisees, including training, operational guidance, and marketing assistance.
  • Menu Variety: The diverse menu options of One Bite allow franchisees to cater to a wide range of customers, boosting potential sales.
  • Profit Potential: A well-managed One Bite franchise has the potential to generate attractive profits.

Cons:

  • Initial Investment: Starting a franchise requires a significant upfront investment, including the franchise fee, setup costs, and working capital.
  • Competition: The food industry is highly competitive, and franchisees must stay ahead by consistently delivering excellent quality and innovative offerings.
  • Operational Challenges: Running a food franchise involves managing inventory, staff, and ensuring compliance with strict health and safety regulations.
  • Royalty Fees: Franchisees are required to pay ongoing royalty fees to the franchisor, which need to be factored into financial projections.

Conclusion

Starting a One Bite franchise in India can be a fulfilling and profitable venture for aspiring entrepreneurs with a passion for food. From the unique business model and application process to the cost breakdown, profit margin, and pros and cons, we have covered all the essential aspects that you need to consider. Remember, success in the food industry requires dedication, hard work, and a commitment to providing the best possible experience for your customers. So why wait? Take the first step towards owning a One Bite franchise and embark on an exciting culinary journey!

F.A.Q

Can I own multiple One Bite franchises?

Yes, One Bite does offer multi-unit franchise opportunities for eligible candidates. However, it is important to discuss your interest in owning multiple franchises during the application and interview process.

Are there any ongoing fees besides the royalty fees?

Along with the royalty fees, franchisees may be required to contribute to national or regional advertising funds. These funds are utilized to promote the One Bite brand collectively.

Can I customize the menu according to my local preferences?

While One Bite offers a diverse menu, customization options may vary depending on regional factors. It is recommended to discuss menu customization possibilities during the initial interview and site visit.

What ongoing support can I expect from One Bite?

One Bite provides ongoing support to franchisees, including operational guidance, marketing assistance, and access to updated recipes and menu additions. Regular training programs are also conducted to enhance franchisees' knowledge and skills

How long does it typically take to open a One Bite franchise?

The timeline for opening a One Bite franchise can vary depending on various factors, such as location selection, store setup, and local regulations. On average, it can take approximately 3-4 months from the initial application to the store's grand opening.

Leave a comment