This post has been written by Megha Sethia & P Yash Kumar for The Financial Pandora. Sign-up and we will contact you when Jumboking franchise opportunities become available on Franchising.com. Located in Chinchwad, Pune. People who eat at Jumbo King will not choose other Vada Pav and vice versa. His initial investment of Rs 2 lakh led to a 32-store chain eyeing Rs 6.5 crore turnover in 2007, and went up to 45 outlets in 2008. Dheeraj believes franchising is the oldest business, one that “makes microentrepreneurs flag-bearers for a brand. This move helped QSR business navigate the choppy waters it found itself in and brought it back from the brink in 2013. Food franchise opportunities in India Despite Indian patriotism, international Food and Beverage brands are actively entering the market which has been thriving for the last ten years. Dheeraj Gupta, Founder and Managing Director of Jumbo King, was inspired by John F Love’s McDonald’s: Behind the Arches, when he laid the foundation of his QSR chain with an outlet outside Malad railway station in Mumbai in August 2001. Why franchise with Jumbo King? Dheeraj not only put up his own single product stores but also convinced others to invest in the brand through the franchise model. Hobby Configuration: 12 packs/32 cards 2020 Bowman Draft Baseball Cards Box Hits: Hobby Box Hits (3) Prospect Autograph Cards (84) Chrome Base Cards (24) Chrome Refractor Parallels (1) Hobby EXCLUSIVE Box Topper (11) Inserts 2020 Bowman Draft Bas Zomato and Swiggy contribute to 14 percent of the top line of franchisees. Jumboking, which now has 114 franchise stores in Mumbai and Pune, is eyeing 1,000 stores across India in the next five to seven years. So you have 20 Lac and you want to invest in a fast food franchise which can give you a huge ROI. The forecasting knowledge has helped the brand cut down expenses and made it profitable for the last six years. International pizza companies were always based on that model. Eligibility criteria for a Unit Franchise. It is the market leader in the category of vada pav and a household name in Maharashtra. The technology can be thought of as an application that captures data at the point-of-sale machine on what a consumer consumed. Then we decided to franchise and gave even the three company-owned stores to franchisees. Search, Read Review & Connect with User Recommended Franchise. Not many Indian brands have reached that scale as yet. On Facebook, Goli has 152k page likes, Burger King has 8 million page likes and Jumboking has 218k page likes. This web page does not constitute a franchise offering or an offer to sell a franchise. Jumboking last filed its ROC details in 2018. The franchise opportunities listed above are not related to or endorsed by Franchising.com or Franchise Update Media Group. We are not engaged in, supporting, or endorsing any specific franchise, business opportunity, company or individual. P.O. Foreign chains have the knowledge and understand what customers choose; that's what Indian brands must solve at scale…we are on that journey," Dheeraj says. Rated -/5. Jumboking is the India's first and largest selling chain of Vadapav. This is why he has invested in technology to better understand the supply chain, based on consumption. Has an effective marketing in place. Franchising.com is produced by Franchise Update Media. Ltd is a franchisee-based company that operates across many areas of India. Applicant should be willing to invest 100% of his time to the business; Prior Business experience. Clearly, Dheeraj never believed he had bitten off more than he could chew! The founder believes that a brand's journey takes more than 10 years. Dheeraj had raised Rs 6.5 crore venture capital from undisclosed sources in 2010, and was soon struggling with unit economics and overhead costs like rents and salaries. The company has also tweaked its logo to a 100% touch-free version. Jumbo King Foods Pvt. Marketing Strategy of Jumbo King Marketing Mix (4P’s) (contd.) Join Jumboking Food Franchise and open one in your locality. Franchise Show is a new initiative from Franchise India Holdings Limited, giving a platform to investors, aspiring entrepreneurs and business owners to start, manage and grow their business. For more details connect with FranchiseBazar or give a call on 9844443200 We are performing usual website maintenance and hence you may face disturbances during this period. Jumboking operates as a fast food retail chain on franchise basis nationally. Close to 10 crore people will have access to investment products in the next 5 years, says Fisdom’s Subramanya SV, Burger King India IPO debuts with a bumper listing as share price rise by over 100 pc, ‘COVID-19 has brought healthcare innovation to the forefront’ – 30 quotes from India’s coronavirus struggle, Whitehat Jr to foray into Brazil and Mexico; create 1 lakh teaching jobs in India in 3 years, with unit economics and overhead costs like rents and salaries, incur huge debts to keep operations afloat, Now that the borders have opened up, supply is back to normal, Akash Malhotra, Director Security Product Management, AMD. Since our operational costs are low, we will sustain our business in the long run.”. Now that the borders have opened up, supply is back to normal. The Jumboking team is cognisant of the fact that COVID-19 has changed the QSR experience. JUMBOKING VADAPAV Quick Service Restaurant Centralize Kitchen 38 outlet in Mumbai Hygienic Serving Two types Of Franchise : Express Format Restaurant & Take Away Founder DEERAJ GUPTA Graduate from IHM, Mumbai in Hotel Management and Catering Technology MBA from Symbiosis, Pune in Finance Looks after the franchising program, operations and finance. Jumbo King is a chain of fast food restaurants based primarily in Mumbai, specializing in the Maharashtrian regional dish vada pav.Established in 2001 by husband and wife Dheeraj and Reeta Gupta, the company was inspired by the fast food business model of McDonald's and Burger King. The GTV of all the stores, when calculated with details available with the ROC, shows that the revenue was already more than $8 million in 2018. We encourage prospective franchise buyers to perform extensive due diligence when considering a franchise opportunity. 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The company works on a low investment model for a franchisee: s/he has to pay Rs 30 lakh upfront to operate the brand. But Dheeraj believes that one can never prepare for a pandemic. That meant to reach to a daily sale of INR 10,000; they needed to cater to approximately 400 customers. “It is sustained over generations. Investment. As an entrepreneur, there is only one focus: to add value to the franchisee’s business as we know the customer and what he wants,” Dheeraj says. “Cloud kitchens have always been around, according to me. Jumboking – The Indian Burger King. Having raised $125 million, Rebel Foods now has a soonicorn valuation and has ushered in a new QSR wave. Jumbo King, a success story in traditional food: Monday, 04 October, 2010, 08 : 00 AM [IST] Our Bureau, Mumbai: It all started when he went to London to sell self-owned Indian sweets. “We have been able to scale up with lower costs because of our franchise partners, we have invested in technology, in lean systems and processes and have partnered with great manufacturing companies Over the last decade, Jumboking, which started as a vada pav brand, has grown as a burger brand.”. Burger King India, the master franchise of American burger chain Burger King, is launching its initial public offering next week. Two or three people can jointly open a franchise store.Product Innovation:Gupta has changed all the rules by introducing automation, packaging, a largersize, different cheese, round bread (otherwise the pav is square) and flat pattiesinstead of round.New recipe would be Paneer Jumbo King. These international brands have changed the experience for Indians and have used franchising well for over 50 years,” he says, explaining why he decided to change his model. The data goes directly to the manufacturer, who fulfils the orders. (408) 402-5681. USP of Jumbo King: In Mumbai there are over 20,000 local Vada Pav sellers. Franchise History. The market size is estimated to be $4 billion at present. Jumbo King, Mumbai: See 5 unbiased reviews of Jumbo King, rated 4.5 of 5 on Tripadvisor and ranked #2,920 of 14,571 restaurants in Mumbai. By 2012, Jumboking had a presence in 13 cities with 52 store, half of which were company-owned stores. Operations looks into store running, logistics and training. “Marketing an idea is about changing behaviour, which takes time. We have a staff of 15 that manage operations across the country. Once set up, s/he will have to pay a fixed percentage – 10 percent – on the top line. Inspired by Western business formats and to fill the escalating demand in the Indian food industry,Jumbo King started its journey in 2001. The vision has grown to encompass many cities and states, and Dheeraj believes that vada pav has as much universal appeal as the burger. They went the direct-to-consumer (D2C) route along with foodtech companies like Swiggy and Zomato. When comparing their social media following, Burger King has 1.5 million followers on Twitter, whereas Goli has 948. Think about which brand dominates the dine-in and delivery pizza experience. USP of Jumbo King: In Mumbai there are over 20,000 local Vada Pav sellers. Dheeraj believes this is not a race to be won by valuation; it is a long marathon that he intends to “finish”. However, the owner of the Burger King franchise has to pay a specific cost of the material to the franchisor’s training centers. The QSR chain, which now has 114 outlets in … For more details, refer down below for Jumbo King Franchise Reviews. Jumboking Founder Dheeraj Gupta is eyeing a 10x growth in stores and revenues in seven years. People looking to start their own business can checkout this franchise model as … During the 21-day lockdown announced by PM Modi, Jumbo King wants to engage with the society in a meaningful manner despite its stores being shut down. Jumbo King is a popular fast-food chain based in Mumbai and has opened many franchise stores across the country. As it: Serves Vada Pav with hygiene and quality service; Gives clear instructions to franchisee to buy from certified vendors. The founder is now eyeing a 10x growth in stores and revenues in seven years. Franchise-focused outlets helped Mumbai-based Jumboking reinvent itself. We encourage applicants with prior business experience of 1-2 years. Jumbo King’s biggest challenge at that time was the survival of the business on one single item. It depends on which business you find profitable,it should be a business model which you understand. The IPO has been priced in the Rs 59-60 a share range and the company aims to raise around Rs 810 crore at the upper end of the price band. Organised retailers/chains had expanded across India by adding more stores in various catchments to capture demand. Turning company-owned stores into franchises helped Jumboking navigate the choppy waters it found itself in. Other than these requirements Burger King Franchisor has some specific requirements, which are listed below – The Burger King Franchise must use the restaurant specifically for the Burger King restaurant. Offering every Indian a delicious power-up on the go. The founder then took a bold bet, completely realigning the business model from company-owned stores to a franchise model. Meanwhile, we closed down most of the company managed outlets to concentrate on expansion via franchises. Dheeraj Gupta was inspired by the successful western fast-food chain model of McDonald’s, Dominoes, and Subway who primarily focused on one food product such as burger, pizza, and sandwiches, respectively. Between 2005 and 20012, during the great retail expansion in India, the rise in consumption made is necessary to have 'X' number of stores on paper to get a valuation. Check the marketing spends and you will see that they’re much more than costs associated with physical stores. My franchises will benefit from being associated with the Jumboking brand and by associating with delivery partners like Swiggy and Zomato,” he says. The Jumbo King brand was founded by Dheeraj Gupta, a Hotel Management Graduate with a Masters degree in Financial Management. Over the next few years, he took Jumboking to new heights. Jumbo King believes that the common man has the constitutional right to get hygienic food at an affordable price! Jumbo King, Mumbai: See 5 unbiased reviews of Jumbo King, rated 4.5 of 5 on Tripadvisor and ranked #2,920 of 14,569 restaurants in Mumbai. According to Businesswire, the QSR market in India is projected to grow at a CAGR of over 18 percent during 2021-2025 due to increasing urbanisation, rapid expansion in food delivery services, expanding young and working population, growing number of dual-income families, and rising disposable income. Vada pav is often resonated with Mumbai. The Jumbo King brand was founded by Dheeraj Gupta, a Hotel Management Graduate with a Masters degree in Financial Management. While Jumboking is not currently accepting new applicants on Franchising.com, these other similar opportunities are actively looking for new franchisees. Reliance Retail’s acquisition of Future Group in 2020 seemed to signal the end of that great expansion era. “In 2009 some HNIs (high net worth investors) invested in Jumboking and acquired 35 per cent stakes in the company. We then felt we would have better controls on operations and services if the stores were company-owned. The founder will soon build this to a Rs 100 crore in revenue brand by 2021. Today, we are present in 12 cities and have 65 outlets. Data reveals that the brand was at $1 million annual revenues as of 2018, and at $1.5 million in annual revenues as of 2020. As it: Serves Vada Pav with hygiene and quality service; Gives clear instructions to franchisee to buy from certified vendors. Meet over 100+ brands, that are looking to expand their business across India. All Rights Reserved. India's Most Trusted Franchise Discovery & Review Platform. Sure enough it provides great opportunities for the development of Food Franchising in the country. Cost ₹100 for two people (approx. In2012, despite a presence in 13 cities with 52 company-owned and franchise stores, the company found that sales were taking a major hit. The shift to a franchise-owned model has worked well for Jumboking. How this class 10 dropout built QSR chain Momo King that clocked Rs 7 Cr turnover in 3 years, How this Delhi startup is leveraging the QSR model to sell 'Koolchas' 24x7, How QSR startup Wow! On 23 rd August 2001, Jumboking opened its first outlet in Mumbai in 150-200 square feet space outside the Malad railway station. Has an effective marketing in place. A franchise offering can be made by us only in a state if we are first registered, excluded, exempted or otherwise qualified to offer franchises in that state, and only if we provide you with an appropriate franchise disclosure document. From that data, the tech derives what ingredients need to be replenished. This shows that the brand has seen success - it made annual revenues of Rs 25 crore ($4 million) during its peak in 2012. Does it really? “Our frugality, over the years, has helped us prepare by taking care of our staff. No statement in this site is to be construed as a recommendation. Apart from focusing on Jumboking’s growth, Dheeraj also does a YouTube video log on marketing to disseminate the knowledge he has gained during his journey. Total setup cost- INR 25 lacs (QSR) Cost Break-up: Franchisee Fee- INR 4 lacs + taxes (non-refundable) However, retail QSR found new heroes such as Rebel Foods, which took the opposite route and said no to physical stores. For most brands, this expansion failed as many stores were an overkill and people flocked to traditional retail and traditional QSR, which meant the organised retailing and QSR business was slow to take off. The company makes a net margin of 8 percent. Reading Time: 6 minutes. Release Date: 12/9/2020 *****LIMIT 2 BOXES PRR HOUSEHOLD PER WEEK. ) Exclusive of applicable taxes and charges, if any During the first three months their stores were closed. The QSR chain, which now has 114 outlets in two cities, aims to open 1,000 franchise stores across India in the next 7 years. The factory he outsources his orders to has a manufacturing capacity of 1.8 tons per hour, which include buns and patties. People who eat at Jumbo King will not choose other Vada Pav and vice versa. Jumbo King Foods Pvt. Jumbo King has a team of people spanning the functional areas of operations, business development, franchisee relations and marketing. All food products are standardised so that the taste is the same in every outlet. Pivoting the business model from company-owned stores to franchise-focused outlets helped Mumbai-based Jumboking reinvent itself. However, they were paying high rentals and competing against the frugal kirana or standalone family-owned store, which led organised stores to close or incur huge debts to keep operations afloat. Copyright © 2001 - 2020. Time Commitment. Franchise Reviews & Business Opportunities in India. "To win the QSR business in India, you need to own and understand the consumer. Year in review: How was 2020 for edtech, ecommerce, online gaming, and more? Box 20547San Jose, CA 95160PH. With the launch of Jumbo King, they were now in direct competition with the countless or roughly 20,000 Vada-Pav Sellers in Mumbai. But what gets to me is that people say cloud kitchens are a business that brings down cost. Dheeraj decided to pivot and converted outlets that were doing well to franchise-owned stores; the team now handles 114 outlets. Serves Street Food, Fast Food. Franchise Update Media has its finger on the pulse of franchising with unrivalled audience intelligence and market driven data. Jumboking has only 1.3k Twitter followers. Why franchise with Jumbo King? In the same year, we introduced several Jumbo King vada pav variants. Legal Notices | Privacy Policy, European Master & Multi-Unit Franchising Conference, Franchise Leadership & Development Conference, Franchise Marketing Leadership Conference, Franchise Leadership & Development Report. 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