Thursday, April 11, 2024
HomeFood & BeveragesDoes Cocofit Franchise really Cost ₹11 lakhs? Steps, Cost, Profit

Does Cocofit Franchise really Cost ₹11 lakhs? Steps, Cost, Profit

Are you looking for a Food Franchise – Based only on Coconut based products? Did you come here after watching Shark Tank? Are you a Health enthusiast and think Coconut-based business can be beneficial to you? Then, This BLOG is specifically for YOU!

We all have been drinking Coconut water and understand the health benefits of it, but never realized that there could be a business or strong chain running in Southern India with a number of outlets.

Surprised? Isn’t? So, as we.

Yes, you read it right. We would like to introduce you to another interesting franchise – COCOFIT, a coconut-based business that has received funding from sharks on Shark Tank.

In this article, we’ll dive deep into the CocoFit Business with capital requirements, fee, profit, and step-by-step guidelines to get this franchise – and answer some common questions about the chain.

CocoFit Franchise opportunities
  • Franchise Fee Or Brand Fee: Rs. 5 lacs + GST
  • Royalty Fee: 3-7%
  • Floor Area: 150-350 sq. ft.
  • Ambiance & Interiors: Rs. 4.18 lacs
  • IT Support : FREE (35,000)
  • Kitchen Equipment & Machinery: Rs. 1.2 lacs
  • Agreement Period: 3 Years, Renewable
  • Total Initial Investment: Rs. 11 lacs – Rs. 13 lacs

Overview of CocoFit Franchise

Overview of CocoFit Franchise

Established in 2019 by Sasi Kanth, Pavan, and Sunil in Hyderabad, India, CocoFit is one of the renowned food chains offering varieties of innovative edible products made out of coconuts. Some of their lip-smacking coconut-based menus include – Coolers, Shakes, Smoothies, Sodas, Slush, Cream, Stone Ice cream, Waffles, and much more.

With their fabulous and affordable menu range, healthy products, best-in-class innovation has allowed the chain to grab a substantial market space in the food industry- Specially in Southern India.

Currently, the franchise boasts of over 34 outlets and 15 lakhs happy customers – PAN India. Having managing stores with a carpet area of over 250 sq. ft. the franchise is aiming to set up a Cafe Model area of 1200 sq. ft.

So, are you willing to take your love for COCO to next level by grabbing a chance to become a Partner with India’s First Coconut based franchise?

Oh yeah! You are on the right track.

Please continue reading if you are passionate about the Food and Beverages franchises & this little snippet about CocoFit excites you.

We will offer comprehensive and well-researched information regarding the CocoFit franchise, along with its price, fees, profit margin, and—most importantly—the reason “Why you need it.

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CocoFit – The Journey

Their humble beginning started soon after completing a pilot study for the first 2 months, CocoFit established its first outlet in Hyderabad in 2019 with a focus mainly on serving a range of Coconut based products to their customers to being one of the rapidly growing Food franchises with more than 34 outlets across the cities is aspiring.

Key facts about CocoFit

Sr No.TypePrivate
1Trade NameCOCOFIT PVT LTD
2IndustryFood and Cafe
3Founded2019
4Founders Or Parent Company Sasi Kanth, Pavan, and Sunil
5Corporate HeadquartersHyderabad, India
6Number of locationsOver 34 outlets – PAN India
7Area servedPAN India
8ModelFOFO – Kiosk or Mini Outlet
9Menus Coolers, Shakes, Smoothies, Sodas,
Slush, Cream, Stone Ice cream, Waffles
10RevenueApprox. Rs. 4 Crores
11Websitehttps://www.cocofit.in/

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What’s the USP for CocoFit

USP, in other words Unique Selling Proposition, is one of the major or driving factor for the franchise growth. And ya! Like Skippi Pop, they also went to SHARK TANK and grabbed the offer from Namita and Aman.

Some of their USP’s are;

  • India’s first coconut-based franchise model brand to be sold at retail stores.
  • Their products are made from 100% based out of coconut, making it absolutely safe.
  • They are known to offer dairy free product.

Why Choose a CocoFit Franchise?

Why Choose a Cocofit Franchise

There are several prominent reasons to become a CocoFit Partner, and they are mentioned below for your reference;

  1. Low Startup Cost:
    • Opening a Cocofit outlet demands a relatively low-cost investment compared to other food and beverages franchises and relatively similar to Tea and Cafe model.
    • Can be started with an investment of Rs. 11 lacs -13 lacs for a min. floor area of 150 – 350 sq. ft.
  2. Affordable & Diverse Menu Range:
    • Cocofit caters to a wide range of affordable and diverse menu range which is completely based out of Coconut.
    • It helps them to attract health conscious as well as food enthusiasts to their outlet.
  3. Awards and Recognition:
    • Cocofit has a strong presence on social media platforms and a loyal customer base.
    • They have been funded and backed by Sharks from the Shark Tank.
  4. Training and Support:
    • CocoFit offers extensive and rigorous training program to its franchise to operate their outlet effectively and efficiently.
    • Provides training program for 7 days.
  5. Impressive ROI margin
    • After becoming a CocoFit outlet owner, One can certainly churn an exceptional profit margin with least investment.
    • The franchise provides a profit Margin of 18-22% across the menu.

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How much does a CocoFit Franchise cost?

Cocofit Franchise Cost

The franchise cost or Total Initial setup cost for Cocofit will depend on your location, size, and the extent of renovations required. One can either apply for a Mini outlet or Cafe model through their platform.

In General, the Cafe model may demand a carpet area of min. 1200 sq. ft with a substantial investment.

Nonetheless, To become a Cocofit franchise partner, one would at least require an initial investment of Rs. 11 lacs to Rs. 13 lacs with a min floor area of 150- 350 sq. ft.

CocoFit Franchise Fee

The franchise fee for CocoFit is Rs. 5 lacs + 18% GST. Furthermore, Interested applicants can take up a Unit or Master franchise of Cocofit and expand their outlets in their location and earn handsomely.

Additional Cost for CocoFit

Typically, to run and maintain a Cocofit outlet, one must adhere to their standards and are liable to pay a few additional costs such as Royalty fee, advertisement fee, maintenance fee, and a few other investments.

The ongoing royalty fee for Cocofit Franchise is 3-7% of the monthly gross sales for an agreement period of 3 years.

Type of FeeCost and Other Details
Franchise Fee Or Brand FeeRs. 5 lacs + GST
Royalty Fee3-7%
Ad Royalty FeeNil
Floor AreaMin. 150- 350 sq. ft.
Starting Inventory KitFREE
Part of Branding Cost Fee
Store Ambiance & InteriorsRs. 4.18 lacs
IT Support & Online PlatformsFREE (35,000)
Kitchen Equipment & MachineryRs. 1.2 lacs
Agreement Period3 Years, Renewable
Total Initial InvestmentRs. 11 lacs – Rs. 13 lacs

*Comment down below if you need the franchise investment brochure and detail cost break up of fee.

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Is CocoFit Franchise Profitable?

Is CocoFit franchise cost?

Absolutely yes!

Considering the enormous growth in the food industry- Specifically Healthy diet eatery, A wide range of products, Low Investment and High ROI, extensive training support, best marketing strategy, and regular food innovation, One may anticipate a healthy gross profit margin of 60% or net profit margin of 18-22%.

However, the above numbers may vary depending on the model, city, and location.

Do you want to understand more about profitability?

Let’s elaborate more on profitability;

CocoFit Franchise Profitability Explained

We will try to explain more about profitability with a simple example;

Assuming, if you have opened an outlet in a good area and with given expenses, achieving these numbers throughout the years;

  • a rent of Rs. 60000( for 350 sq. ft.)
  • Making an average sale of Rs. 5.5 lacs per month
  • With an average bill value of Rs. 200

So, below could be your profit structure;

Type of CostAmount
Average Monthly SellRs. 5.5 lacs
Raw Material Cost (Max 40%)(Rs. 2.2 lacs)
:Gross Profit: Rs. 3.3 lacs (60%)
Royalty Fee(Considered 7% Max)(Rs. 23,100)
Shop Rent(Rs. 60,000)
Chef and Helper(Rs. 28,000)
Electricity & Water Expenses(Rs. 25,000)
Misc. Expenses(Rs. 10,000)
:Net ProfitRs. 1.84 lacs (33%)

Please note that profitability may vary depending on location, expenses, season, customer footfall, and other emergency expenses, and it could range between 18-22%.

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What is the Support offered by CocoFit Franchise?

  • Site Search and Analysis
  • Standard Layout support from the company
  • Centralized billing systems
  • SMS and WhatsApp Marketing Support
  • Regular Food Innovations
  • Registration Support for Online Delivery Platforms
  • Social Media Marketing Support ( 10-12 Posts)
  • Quality checks and Complete Raw Material Support
  • Staff Training Support
  • Marketing & Sales grow up strategies and guidelines
  • All Hands Meetings to improvise the business
  • Location-specific promotions during the opening and planning of the launch

What does it require to Start a CocoFit Franchise?

CocoFit Franchise requirements are listed below;

  1. Financial requirements:
    • The initial investment for a CocoFit Outlet ranges from Rs. 11 lacs – Rs. 13 lacs, with a Rs. 5 lacs as franchise fee. Additionally, you will need to have a floor area of 150- 350 sq. ft.
  2. Passion to Work in Café Industry:
    • Interested franchisees should have a passion to work in the Food and beverage industry and should possess the leadership and financial skills to operate a CocoFit outlet.
  3. Only FOFO:
    • Currently, the franchises are seeking prospects who can take up and run this franchise on their one. So, if you looking for FOCO, then It may not be for you.
  4. Location Matters:
    • Without a perfect location, no one can drive great sales for their outlets, so it is recommended to perform the initial market research and get the necessary help from the Cocofit franchising team.
    • Find a location in high-traffic areas, such as a mall, street corner, supermarket, etc.
  5. Agreement term:
    • The initial term of the franchise agreement is 3 years, with the option to renew by paying a minimal fee.

How to Get a CocoFit franchise?

Becoming a Cocofit outlet owner requires a minimal investment that offers an impressive gross profit margin. Nevertheless, the Cocofit chain may provide several benefits, and interested candidates can take up franchise outlets in their city through their expertise and endless support systems.

One can avail this franchise using below mentioned steps;

  1. Visit their Franchise page – and fill in the details such as Name, Email Id, Phone Number, City, State, Country, Interested franchise model & other required info, and submit the form.
  2. Or, Call them at – +919182382825
  3. Or, Email them at – thecocofit@gmail.com
Apply for CocoFitFranchise Form

Once you submit the form, somebody from the franchise team will contact you within a week to discuss it further and ya it does take time.

Final Takeaway

Started in 2021 by Sasi Kanth, Pavan, and SunilCocofit is one of India’s first coconut-based franchise models, offering a variety of Coconut based edible items, including Coolers, Shakes, Smoothies, Sodas, Slush, Cream, Stone Ice cream, Waffles, and much more.

The franchise boasts over 34 plus franchise networks, more than 15 lacs happy customer base, and more outlets planned to release in next year will create tremendous opportunities for interested candidates to grab THIS deal in this ever-growing market.

However, considering the exponential rise in Healthy eatery startup, 100% natural product range, moderate investment with high ROI, backing from Sharks, extensive training and market support aids an extra advantage for the new franchisee unit holder.

With an Initial investment of Rs. 11 lacs – Rs. 13 lacs, CocoFit chain may offer an outstanding profit margin to its stakeholders and one may anticipate an exceptional gross profit margin of 60% and a net profit margin of 18-22%.

Nevertheless, By making some changes in your expenses, one can certainly increase the profit margin extensively.

The Bottom line – In case you are interested in the Food & Beverage industry and want to take advantage of the opportunity with a minimum investment, then you can start a CocoFit outlet in India. With its immense legacy, expertise, and robust supply chain, one may experience stable and steady growth in their entrepreneurial journey.

So, what are you waiting for? Go and start your entrepreneurial journey with CocoFit!!

Good Luck!! Happy Franchising!!

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FAQ

  1. How much does it cost to Start a CocoFit Franchise?

    Ans: To start a Cocofit outlet, one would certainly need an investment of Rs. 11 lacs to 13 lacs with a floor area of 150- 350 sq. ft.

    Franchise Fee Or Brand Fee: Rs. 5 lacs + GST
    Royalty Fee: 3-7%
    Floor Area: Min. 150- 350 sq. ft.
    Starting Inventory Kit: FREE(Part of Branding Cost Fee)
    Store Ambiance & Interiors: Rs. 4.18 lacs
    IT Support & Online Platforms: FREE (35,000)
    Kitchen Equipment & Machinery: Rs. 1.2 lacs
    Agreement Period: 3 Years, Renewable
    Total Initial Investment: Rs. 11 lacs – Rs. 13 lacs

  2. How much does a CocoFit Franchise Owner make?

    Ans: With a good location and good footfall in season, one can anticipate a monthly sale of about Rs. 5 lacs and a gross profit margin of 60%, while the net margin would be 18-22% to over 35%.

FranchiseGoal India
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