Thursday, April 11, 2024
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Can you own a Jogeshwari Misal Franchise? Cost & Profit

There is no doubt that bhel and a variety of misals are quite popular in western India, especially in the region of Maharashtra. With millions of Maharashtrians craving for unique dishes or snacks, it has not only given a boost to the local chain but also created a strong demand for these snacks throughout India.

With the growing demand, quick preparation timing, and affordable prices, quick food options have been contributing to the growth of fast food businesses in India. Over the years, the snacks that we used to have at home started being offered at street-side shops and later in restaurants.

Now, you might be feeling overwhelmed and considering starting such an opportunity in your city (especially in Maharashtra) and may have stumbled upon Jogeshwari Misal to embark on your flourishing journey into the quick food restaurants.

If you have ever dreamed of starting a quick food restaurant in India or if some of your colleagues or relatives have advised you to get started with it, you should consider reading this comprehensive article.

This blog will be all about the Jogeswari Misal Franchise. In addition to that, we’ll also shed light on its business model, estimated investment cost, and profit margin. With all that said, we’ll also answer whether you can buy the Jogeswari Misal and Bhel Franchise or not.

Jogeshwari Misal Franchise Opportunity
  • Company: Jogeshwari Misal and Bhel
  • Founded: ~2019
  • Founder: Mohan Baburoa Kotwal
  • Industry: Food & Beverages
  • No. of Locations: 20+
  • Model: Self-owned
  • Area served: Maharashtra, India
  • Franchise Fee: NA
  • Area Required: At least 500 sq ft
  • Est. Initial investment: ₹15 lakh to ₹30 lakhs

Overview of Jogeshwari Misal Franchise

Overview of Jogeshwari Misal Franchise

Jogeshwari Misal & Bhel is one of Maharashtra’s most popular and leading misal joints, boasting a robust presence throughout the state. The chain was founded a few years ago, a little before the pandemic, by Mohan Baburoa Kotwal.

Since its establishment of its first store, Jogeshwari Misal chain has slowly and steadily expanded its presence and has certainly garnered attention of misal lovers across the state.

One of their popular dishes is the Misal Thali, which not only provides a fulfilling cuisine experience to its customers but also offers them to enjoy an extensive range of cuisines served on a single thali at an affordable price.

Currently, the Jogeshwari Misal chain boasts a strong presence with nearly 20+ outlets in Maharashtra, catering to an extensive range of cuisines and serving over a million Maharashtrians every month.

Now, its popularity is not only limited to its local customers, but also a few MPs and Ministers like Pawar Saheb, Supriya Sule, and others are fond of the snacks served at Jogeshwari Misal and Bhel outlets.

With its citywide presence at premium locations, the chain may be planning to expand even further to multiple locations across the country, which will help position the chain as a prominent player in the snacks industry within the State.

But does Jogeshwari Misal offers its franchises?

To get the complete answer, you are advised to read further.

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The Journey of Jogeshwari Misal

While fragmentary information about Jogeshwari Misal can be found scattered across the internet, our platform aims to consolidate and present a comprehensive overview by meticulously gathering and curating these details.

As per credible information from Duns and Bradstreet’s, the Jogeshwari Misal chain embarked on its journey with the establishment of its inaugural store in Pune. Subsequently, barring the pandemic-induced challenges, the chain has consistently demonstrated remarkable progress, particularly within its home state.

Key facts on Jogeshwari Misal

Sr No.TypePrivate
1Trade NameJogeshwari Misal and Bhel
2IndustryFood & Beverages & QSR
3FoundedNearly 2018
4Founders Or Parent CompanyMohan Baburoa Kotwal
5Corporate HeadquartersPune
6Number of locationsOver 20+
7Area servedPrimarily in Maharashtra, India
8ModelSelf owned and operated
9Menu offeringVarieties of Misal, Bhel, and more
10RevenueApprox. 3-5 Cr

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Does Jogeshwari Misal offer its franchises?

Based on our meticulous research and a thorough examination of Jogeshwari Misal’s current business model, it appears that the chain does not sell its franchises to any individuals or investors. Instead, Jogeshwari Misal operates as a wholly company-owned entity.

Now, it is not only the case with Jogeshwari Misal; instead, several cafe chains like Chaayos, Third Wave coffee, and more have refrained from opting for a franchise model to expand their presence in other cities.

However, its self-owned and operational setup hasn’t restricted the franchise’s growth; rather, the chain has drawn an immense customer base due to its exemplary culinary experience, positioning itself as a prominent snacks business in the state.

Why consider owning a Jogeshwari Misal Franchise? (if offered)

The reason for owning a Jogeshwari Misal franchise can be quite straightforward. To gain a basic understanding of its unique selling points (USPs), you can read the following points further.

  1. Early mover advantage:
    • No matter your location or business model, if your cuisine is beloved by customers and you offer something unique and exceptional, you can certainly lead in the industry.
      • Indeed, being one of the most popular snack businesses in the state, the franchisees of Jogeshwari Misal and Bhel are certain to benefit.
  2. Affordable setup cost:
    • While the chain hasn’t publicly disclosed its franchise setup cost, but considering its business model, confined area of operations, and new entry into the industry, Jogeshwari Misal chain may offer its franchises at an affordable cost.
  3. Unique concept clubbed with delicious cuisines:
    • Misal, Pav, and their diverse varieties are indeed popular in the state, and Jogeshwari Misal and Bhel has certainly mastered this evergreen concept. With a diverse range of cuisines combined with lip-smacking flavors, Jogeshwari Misal restaurants are bound to experience exceptional growth.
  4. Growing popularity:
    • Since its inception, Jogeshwari Misal restaurants have garnered the attention of numerous food lovers, vloggers, and even VIP individuals, leading to a statewide expansion of their stores.
      • Considering its immense demand, the chain may plan to expand to neighboring states strategically.

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How much does Jogeshwari Misal Franchise Cost?

Jogeshwari Misal Franchise Cost

It could be highly hypothetical to put up an estimated cost for a self-owned and operated restaurant chain.

There isn’t an official website available for Jogeshwari Misal and Bhel restaurants, and we also cannot verify the authenticity of its Instagram handle, as the account is not verified.

That being said, the cost mentioned by us will be purely an estimate and for educational purposes only, based on industry standards and Jogeshwari’s existing business model.

In order to gain access to its business, we’ll strongly recommend you to visit the nearest Jogeshwari Misal and Bhel restaurants.

To embark on an exciting journey with Jogeshwari Misal Franchise, one may need to have an initial investment of at least ₹15 lakhs to ₹30 lakhs for a floor area of minimum of 500-700 square feet.

Furthermore, the initial investment will comprise of its franchisee fee, marketing fee, training, and other miscellaneous expenses.

How much will be Jogeshwari Misal Franchise Fee?

The franchise fee for Jogeshwari Misal restaurants could range between ₹5 lakhs and ₹7 lakhs, excluding the GST.

Moreover, a franchise aspirant with a little background experience in the food and beverages industry will certainly benefit, though it isn’t mandatory.

Additionally, The chain may also impose a royalty fee of 5-7% from its franchisees, which will be calculated on a monthly gross sales.

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How much is Jogeshwari Misal Franchise Profit Margin?

Jogeshwari Misal Franchise Profit

The net margin or the profitability of a single Jogeshwari outlet will eventually depend on the location (primary factor), average customer traffic at the outlet, and overall customer experience at the restaurants.

Nonetheless, considering its robust presence in the home state, growing customer demand and popularity of its cuisines, extensive experience in operating multiple outlets, and quick serve food ranges, a franchise aspirants can certainly expect a net profit margin of approximately 15-25% and its gross margin ranging between 35% and 50%.

What are the factors contributing to its immense growth?

  1. Sustained expansion:
    • The chain has primarily focused on specific markets to build a robust customer base rather than expanding to multiple locations simultaneously.
  2. Nice and spacious restaurant ambiance:
    • Almost every Jogeshwari restaurants offers spacious and cozy environment, creating a luxurious ambiance that enhances the overall dining experience.
  3. Affordable food options:
    • With its affordable food options, the chain has not only captured the taste buds of food enthusiasts but has also enabled them to generate consistent revenue streams.

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What are the requirements to start a Jogeshwari Misal Franchise?

  1. First and most important – One should have the required funding to get a Jogeshwari Misal outlet, should be ready to invest at least ₹30 lakh.
  2. Interested applicants are advised to dedicate themselves to the Jogeshwari Misal restaurants business and follow the company standards and maintain their legacy.
  3. Interested applicants must undergo and complete the necessary training program offered by Jogeshwari Misal’s team.
  4. Interested franchisees should have a passion to work in the fast-food industry and should possess the leadership and financial skills to operate a Jogeshwari Misal restaurant franchise.
  5. Applicants are expected to secure a suitable location that meets Jogeshwari Misal’s requirements, such as high visibility, easy accessibility, and a plenty of parking space.

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Space required to operate a Jogeshwari Misal and Bhel Franchise

A proper retail space with plenty of parking facilities should be a perfect location to operate a Jogeshwari Misal restaurant. The franchise may offer an extensive range of business models, and the required space will depend purely on the specific location and the chosen format.

Ideally, franchise prospects should acquire a retail space of at least 500 square feet in a high-traffic area, including national or state highways, educational institutes, and other prominent locations.

What are the alternatives to Jogeshwari Misal Franchise?

Jogeshwari Restaurant is irrefutably at a growing stage that hasn’t opted for franchising model yet. and we believe there could be only a few scenario where one would certainly look for its alternatives;

  1. The chain hasn’t started its franchising program.
  2. It has been working primarily in Maharashtra, and you wanted to open in different locations.
  3. Considerably a new in the market with only a few years of experience in the industry.

That being said, here are a few alternatives (not a suggestions from our end, we request you to kindly perform your extensive research on same):

Dhakka Mukki Franchise

Dhakka Mukki is another popular food joint that boasts a strong presence in Gujarat. The chain was founded in 2021 by Dinesh and Archana in Ahmedabad and is still considered to be in its early stages.

However, within two years of its establishment, Dhakka Mukki has grown into a chain with over 150 outlets across various cities in Gujarat.

But how did it manage to grow at such a rapid pace?

The answer lies in its business model. This chain offers a wide range of lip-smacking food options, starting at just ₹20, making it accessible for all. To establish a franchise, you would typically need a minimum investment of ₹5 lakhs, which includes a nominal franchise fee of ₹1 lakh.

To learn more about it, you can further read our in-depth article on same.

Read more: How to Get Dhakka Mukki Franchise – Cost, Fee, & Profit

Naadbramha Idli Franchise

Naadbramha Idli is another popular food chain that has grown from selling idli from a cart to become a restaurant chain with over 100+ stores in Maharashtra. It can certainly be considered as one of the alternatives to Jogeshwari Misal and Bhel.

Yes, we know that Naadbramha doesn’t serve Misal and Bhel, but if you’re a passionate entrepreneur looking to offer healthy, authentic, and affordable food options to customers, then Naadbramha should be at the top of your list, especially if you’re in Maharashtra.

Founded in 2016 by the Nidvanche family, Naadbramha has become a popular food joint in Maharashtra. The chain is currently focused on expanding its presence in its home state, and partnering with Naadbramha could be a great opportunity ( if you share a similar vision).

Read more: How to Start a Naadbramha Idli Franchise: Cost & Profit

How to Get Jogeshwari Misal Franchise?

Jogeshwari Misal and Bhel restaurant doesn’t have its official website and we could only find a unverified Instagram handle with a few thousand followers. So, here is our take on this:

  1. Visit one of the official Jogeshwari Misal and Bhel outlets in your area and express your interest in their franchises. You can either ask for the official’s contact details or visit their head office in Pune directly.
  2. One can also place their interest at its Instagram Handle, but be cautious before sending any deposits. It would be better to proceed with the 1st step.

Final Takeaway – Conclusion

Jogeshwari Misal and Bhel Restaurants is undoubtedly a popular snack chain, which is growing at a significant pace. With in its few years of its establishment, the chain has garnered an immense following for its delectable tasty Misal thali.

Despite of its statewide presence, it seems like Jogeshwari Misal and Bhel is yet to start its franchising program, and all of its outlets are owned and operated by the company itself.

The bottom line – Nevertheless, if you are still passionate about their business model and looking to inquire about their franchises, you should visit their head office and check if there are any possibilities.

Good Luck!! Happy Franchising!!

Read more:

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  1. How much does it cost to start a Jogeshwari Misal Franchise?

    Ans: The chain is yet to embrace the franchise model, as it seems all of its outlets are owned and operated by the company itself.
    According to its business model, To start a Jogeshwari Misal franchise, one may need to have an initial investment of at least ₹15 lakhs to ₹30 lakhs for a floor area of minimum of 500-700 sq feet.

  2. Is Jogeshwari Misal Franchise Profitable?

    Ans: Jogeshwari Misal restaurants are privately owned and have not disclosed their financial statements to the public. Nevertheless, considering its growing restaurant locations, affordable and delectable range of food options, and growing customer base, a franchise owner can certainly anticipate to earn a net profit margin of 15-20% from this chain.

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