Are you thinking about starting an MBA Chai wala franchise? Want to know the costs and benefits?
Let’s make it simple!
Why Choose MBA Chai Wala Franchise? Here’s What You Need to Know
MBA Chai Wala is the world’s second-largest chai business, offering a profitable model with great support and tech benefits. There are no set-up costs, and it requires low investment but gives high returns. They offer different franchise models to reach more people and provide extensive training to help you run the business smoothly.
This franchise is one of the fastest-growing and most hygienic chai franchises in India. It stands out because of its quick success, high-profit margins, and support for finding the best locations.
In this guide, we’ll cover the brand profile, profit potential, investment details, requirements, and necessary documents, and the inspiring story of its founder.
Brand Profile
Brand Name: MBA Chai Wala
Founder: Prafull Billore
Founded: 2017
Total Outlets: Over 50
Revenue Last Year: Rs. 2.65 Crores (as of March 31, 2023)
Headquarters: Ahmedabad, India
About The Brand
MBA Chai Wala started in 2017 by Prafull Billore with a small tea stall in Ahmedabad. It quickly became famous for its tasty chai and unique marketing. The brand is popular for its lively atmosphere and serves authentic Indian chai with a twist, along with various snacks.
More About Prafull Billore – Founder
Prafull Billore is an MBA dropout who studied at IIM Ahmedabad. He also holds an MBA in Business Management from CFA Institute and Ask University. Before starting MBA Chai Wala, he worked as a management trainee at McDonald’s. Prafull Billore is the founder and CEO of MBA Chai Wala. Prafull is known for lecturing at prestigious colleges, including IIM Ahmedabad, and has been featured in the BBC, CNN, TOI, and ZEE. He is also a TEDx and Josh Talks speaker.
Investment Breakdowns for MBA Chai Wala Franchise in 2024
Investing in an MBA Chai Wala franchise is a great opportunity in India.
Kiosk Model: Rs. 3 Lakhs
Dine-in Cafe Model: Rs. 5 Lakhs
Total Investment: Rs. 7 Lakhs to Rs. 10 Lakhs for a kiosk, Rs. 25 Lakhs for a dine-in cafe.
Additional Expenses: Shop rent, maintenance, equipment, furniture, initial items, and staff salaries.
Space Requirements:
- Kiosk Model: Minimum 100 Sq.Ft.
- Dine-in Cafe Model: 300 to 400 Sq.Ft.
How Profitable is an MBA Chai Wala Franchise? Find Out Here
An MBA Chai Wala franchise can make good profits. On average, a franchise outlet can make monthly revenue of Rs. 6,40,000 to Rs. 8,00,000, with a profit margin of 20-25%. This means you can earn a monthly profit of Rs. 1,28,000 to Rs. 2,00,000. With good management, you can get back your investment in 12-18 months.
Requirements to Open the Franchise
To open an MBA Chai Wala franchise, you need:
Location: 150 Sq ft to 1500 Sq ft in busy areas like malls or commercial zones.
Investment Capability: Rs. 7 Lakhs to Rs. 25 Lakhs, covering all costs.
Passion for the Brand: Genuine interest in serving high-quality chai.
Read more: Top 50 Franchise business opportunity in India 2024
Documents Required to Open the Franchise
Proof of Identity: Aadhar Card, PAN Card, Passport (Optional)
Proof of Address: Utility bills, rental agreement, property papers
Financial Statements: Bank statements, IT returns
Others: Passport-sized photograph, pictures of your proposed outlet location
Is MBA Chai Wala Franchise Worth It? Pros and Cons
Advantages
- MBA Chai Wala is well-known for quality and hygiene.
- Profit Potential: High ROI, with investment recovery in 12-18 months.
- Training: Full support and training from the franchisor.
Disadvantages
- Profitability Claims: While quick returns are promised, profit margins can vary.
- High Competition: The chai stall market in India is crowded, so standing out can be tough.
Also read this: Top 25 Highly Profitable Franchise Business in India
Conclusion
We’ve covered the MBA Chai Wala franchise details, including profit potential, brand profile, requirements, and more. MBA Chai Wala offers exciting opportunities for entrepreneurs passionate about food and drinks. With a strong brand, low investment, and high-profit margins, it’s a great business venture.
If you have more questions or need more information, please comment below! Let’s chat.
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FAQs Everything You Need to Know About MBA Chai Wala Franchise
The total investment required is Rs. 7 Lakhs to Rs. 25 Lakhs.
Typically within 12-18 months.
Training, marketing support, and operational assistance.
Approximately 20-25%.
A minimum space of 100-400 square feet.
Prafull Billore is the founder and CEO of MBA Chai Wala. Prafull Billore is an MBA dropout who studied at IIM Ahmedabad. He also holds an MBA in Business Management from CFA Institute and Ask University. Before starting MBA Chai Wala, he worked as a management trainee at McDonald’s. Prafull is known for lecturing at prestigious colleges, including IIM Ahmedabad, and has been featured in the BBC, CNN, TOI, and ZEE. He is also a TEDx and Josh Talks speaker.
