Thursday, April 11, 2024
HomeIce Cream FranchiseIs Polar Bear Franchise Worth Investing? Apply, Cost, & Profit

Is Polar Bear Franchise Worth Investing? Apply, Cost, & Profit

Are you an ice cream enthusiast hailing from Bangalore? If so, you must have surely indulged in the delectable ice cream sundaes offered by Polar Bear. Are you passionate to start a Ice cream parlour by partnering with a renowned franchise like Polar Bear? If your extensive research has led you to consider the Polar Bear business, you’re in the right place.

Look no further! In this blog post, we will delve into the exciting world of Polar Bear Ice Cream Sundae Zone, which primarily offers a diverse range Ice cream, cakes, sundae, shakes, falooda, and more and has certainly created a wave in the Ice cream industry, specially in the Southern India.

We assure you that after reading the complete article, you’ll gain a comprehensive understanding on the Polar Bear Ice cream, along with its costs, application procedure, and profit margin – and answer some of the commonly asked question on this chain.

Polar Bear Franchise Opportunity
  • Company: Polar Bear
  • Founded: 2008
  • HQ: Bangalore, India
  • Industry: Ice creams
  • No. of outlet: 120+
  • Model: Franchising
  • Area served: Nationwide
  • Franchise Fee: ~ ₹5-10 lakh
  • Profit Margin: ~ 15-20%
  • Area Required: Min. 700 sq ft
  • Total Initial Investment: ₹50 lakh

Overview of Polar Bear Franchise

Overview of Polar Bear Franchise
Overview of Polar Bear Franchise

Founded in 2008 by Mr. Kishore Rai by setting up its first-ever ice cream parlour at ITPL in Bangalore, Polar Bear has certainly emerged as popular and the most loved Ice cream sundae zones across the Southern Indian market.

The chain is renowned for offering a diverse range of 70+ natural and exotic Ice cream flavours, which includes flavorful ice creams, sundaes, shakes, falooda, sandwiches, waffles, and much more.

Polar Bear takes pride in serving 100% dairy and 100% vegetarian ice cream products that are prepared using the best available ingredients, in the best facility, and with the utmost emphasis on hygiene.

Over the years, Polar Bear has certainly garnered a loyal customer base across the country and marked their prominent position in the Ice cream industry, specially in the southern indian market.

Their immense success is oftentimes attributed to its strong emphasis on customer satisfaction, dedication to providing a delightful experience, and warm ambience to customers.

Polar Bear Ice Cream currently operates 120+ outlets in 14+ cities and has exciting plans for further expansion. The brand is actively seeking partnerships with aspiring entrepreneurs who share their passion, and it is important to mention that “Polar Bear is currently not seeking any franchise requests for Bangalore”.

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The Journey of Polar Bear

Polar Bear strategically entered the booming ice cream industry in India by investing time to understand the market and customer preferences. This approach allowed them to grasp the market potential and adapt their offerings accordingly. They introduced new flavors and revamped traditional Sunday recipes, catering to a wide range of customer tastes.

With their dedication and innovative approach, Polar Bear experienced rapid growth in the South Indian market. They emerged as one of the leading chains, serving a delightful variety of lip-smacking ice cream options.

At present, they own a team of over 1000(including the employees of franchisees), which have spread over 120 location in 14+ states.

Key Facts on Polar Bear Ice cream

Sr No.TypePrivate
1Trade NamePolar Bear Ice creams
2IndustryIce cream & Food and Beverages
3Founded2008
4Founders Or Parent CompanyMr. Kishore Rai
5Corporate HeadquartersIndia
6Number of locationsOver 120+ Nationwide
7Area servedIndia
8ModelFranchise
9Menu offeringLip-smacking flavors of Ice creams,
Sundaes, Sandwiches, and more
10RevenueNA
11Websitehttps://polarbear.co.in/

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Why Consider Owning a Polar Bear Ice cream Franchise?

owning a Polar Bear Ice cream Franchise
owning a Polar Bear Ice cream Franchise

Though the chain has opened over 120 outlet in just 15 year, it brings a lot of opportunities for aspiring entrepreneur who are looking for venturing into the industry with little or no knowledge.

We have highlighted a few of the reasons for reference;

  1. Established brand in the Southern India:
    • Polar Bear has undeniably established itself as a prominent brand in Southern India and is now gearing up for expansion into other territories in the upcoming years.
      • This established growth and humongous potential in the ice cream industry sets out a decent stage for entrepreneurs looking to partner with renowned brand.
  2. Experienced Team and its Founder:
    • While the ice cream industry may appear seemingly relaxed, it is far from easy. With the presence of popular brands like Giani’s, Naturals, Amul, and Baskin Robbins, competition is undeniably fierce.
      • However, Polar Bear has managed to establish a firm footing and carve out its own space among customers thanks to its visionary founders and team of experienced staffs.
  3. Bangalore – Already full
    • According to its official website, Polar bear is currently not seeking any further franchise requests for Bangalore which directly resembles the Impact, the brand image, and the growth of the franchise in its home territory.
  4. Exceptional and comprehensive training program
    • As a franchisee, you’ll leverage the brand’s reputation of delighting customers with innovative flavours, comprehensive support and training program to excel in any market.
  5. Proven & successful business model
    • The franchise has been in the industry for over a decade who has exceptionally understood the local market and the customer taste.
      • It has certainly allowed the franchisor to help its franchisee to leverage proven business concept that made them one of the leading ice creams parlour in South India.
  6. Awards and Recognitions
    • The franchise has received numerous awards and recognition from several media houses for its delectable ice cream ranges and the options served at their outlets.

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How much does Polar Bear Franchise Cost?

Polar Bear Franchise Cost
Polar Bear Franchise Cost

As mentioned earlier, the chain has a strong presence in the South Indian market. However, the initial cost of opening a single Polar Bear ice cream outlet can vary depending on several factors, including the location of the proposed outlet, the available floor area, and the extent of renovation required.

To become an approved Polar Bear Ice cream Franchise owner, one may require an initial investment of at least ₹50 lakhs for a floor area of minimum of 800 to 1000 square feet.

Additionally, the initial investment for a Polar Bear Ice Cream franchise includes various expenses and fees such as franchise fees, marketing fees, equipment costs, and other necessary fees.

How much is Polar Bear Franchise Fee?

The franchise hasn’t disclosed the cost break up of its initial investment. However, considering the industry standards, the franchise aspirant may anticipate to deposit a franchisee fee of ₹5 lakhs to ₹10 lakhs, excluding GST.

Additional Cost for Polar Bear

The franchise may require to pay a royalty fee of 5-7%, which will be charged on a monthly basis to efficiently run a Polar Bear outlet.

Type of FeeCost & Other details
Franchise Fee₹5 Lakh to ₹10 Lakh
Required SpaceMin. 700 sq ft
Interior Decor~₹10-20 lakhs
Equipment & machinery~₹5-10 lakhs
Royalty Fee5-7%
Ad Royalty FeeNA
Required liquid capital₹5 lakh
Inventory~5 Lakhs
Total Initial Investment₹50 lakh

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How Much is Polar Bear Franchise Profit Margin?

Polar Bear Franchise Profit
Polar Bear Franchise Profit

The profitability of a Polar Bear parlour can vary depending on several factors, such as location, overhead costs, supply chain, varieties of product served, market conditions & demand, and much more.

Additionally, Considering the Polar Bear’ significant presence across the Southern India, diverse range in menus, competitive pricing, moderate setup cost with high growth potential, A Polar Bear franchise aspirant may anticipate a gross profit of 40-45% and a Net profit of 15-22%.

See also: Samosa Party Franchise Opportunity: Cost, Alternatives, & Profit


What are the requirements to Start a Polar Bear Franchise?

  1. Interested candidates should should possess the necessary funding amounting to ₹50 Lakhs with a proper retail space of minimum 800 sq feet.
  2. Interested applicants are advised to dedicate themselves to the Polar Bear Ice cream business and follow the company standards and maintain their legacy.
  3. Interested franchisees should have passion to work in the Ice Cream industry and should possess the leadership and financial skills to operate a Polar Bear Ice cream parlour.
  4. The franchise doesn’t requires any background experience, but having prior experience will be an added advantage.
  5. The franchisee must be resident of India and he/she will be required to verify its personal documents.

List of Documents and licenses required to operate a Polar Bear Franchise

  1. Personal documents;
    • Aadhar Card, PAN Card, Voter ID Card
  2. Passport Size photographs
  3. Shop Agreement document
  4. GST License
  5. FSSAI or other necessary local government license required for trading.
  6. Proper electricity and water connection
  7. Income tax return doc for previous 2 years
  8. BANK Account details and at least last six months of bank statement.

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How to Get Polar Bear Franchise?

To become an approved Polar Bear Ice cream parlour owner may require a relatively moderate investment that may offers an impressive gross profit margin. Additionally, the Polar Bear 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 the Polar Bear’ official website and navigate to the franchising section;
    • Please fill in the details like Name, Email ID, Phone Number, City, State, and other business related information.
Franchise FormFill in the details here

Final Takeaway – Conclusion | Is it worth investing?

Undoubtedly, Polar Bear Ice creams is one of the leading and well-positioned Ice cream chain, which operates over 120 outlet across 14 cities in India. The chain has robust presence in South Indian market and has certainly planned to expand to other territories in upcoming years.

Despite its extensive experience of over 15 years in the ice cream industry, Polar Bear ice cream has chosen to operate in only 120 locations. This means that, on average, Polar Bear has opened only 8 outlets per year. In contrast, its competitors have experienced exponential growth, positioning themselves as national-level brands.

Additionally, to own and operate a full-fledged Polar Bear franchised outlet, one require an enormous capital of at least ₹50 lakhs and it is certainly higher comparing its competitor’s startup. Nevertheless, at least considering its ambience and interior decor setup, it justifies the price point.

The Bottom line – If you have made the decision to open a Polar Bear Ice Cream outlet, the first step is to find a prime location that can attract a higher customer footfall, thus contributing to increased revenue generation.

Additionally, it is advisable to have discussions with 4-5 existing Polar Bear ice cream outlet owners. This will provide valuable insights into the growth prospects and future expansion strategies of the brand.

Good Luck!! Happy Franchising!!

Want to explore more? Then check out below franchising opportunities.

Tea & Café FranchiseIce Cream FranchiseFood & BeveragesDeliveryDealership/DistributorshipBusiness Ideas, and Apparel Franchise

FAQ

  1. How much does it cost to start a Polar Bear Ice cream franchise?

    Ans: The cost of setting up a Polar Bear Ice cream outlet will require an initial investment of ₹50 lakhs for a carpet area of min. 8000 sq feet.

  2. Is Polar Bear Franchise Profitable?

    Ans: Well, the profitability of any polar bear ice cream outlet is affected by several factors, such as location, market growth rate, and customer’s footfall.
    Nevertheless, considering its growth prospects, diverse range in menu, and moderate startup cost to set up an outlet at prime location, one may anticipate a net profit margin of 15-20%

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