Monday, February 19, 2024
HomeTea & Café FranchiseHow to Get Tea Bench Franchise? - Review, Cost, & Profit

How to Get Tea Bench Franchise? – Review, Cost, & Profit

Tea Bench Franchise Opportunity
  • Company: Tea Bench
  • Founded: 2021
  • HQ: Chennai, India
  • Industry: Cafe
  • No. of outlet: 150 +
  • Model: Franchise
  • Area served: Nationwide
  • Franchise Fee: ~₹1-2 lakh
  • Profit Margin: 30%
  • Area Required: Min. 150 sq ft
  • Total Initial Investment: up to ₹5.5 lakh

Overview of Tea Bench Franchise

Tea Bench Franchise

Started only a few years ago in 2021 by Dinesh Rathinam, Tea Bench is one of the most popular and growing tea businesses in India, with a strong base in Chennai.

Currently, the chain has over 100+ outlets across the Indian cities, specializing in serving over 20+ varieties of tea, black tea, milkshakes, ice tea, and much more.

Like other tea franchises, Tea Bench also shares a somewhat similar mission, which is “to bring an inspiring cup of the rarest tea experiences to its consumers.

Tea Bench takes great pride in serving over 15,000 cups of tea daily, delighting more than 20,000 satisfied customers. It has established a strong presence in southern India, with outlets covering major cities in Tamil Nadu, Karnataka, Andhra Pradesh, Kerala, and Telangana.

Does this brief description of Tea Bench pique your interest and make you consider owning their franchise? Don’t worry, there’s much more to explore that will provide valuable insights into whether Tea Bench is truly worth your investment.

You may like:

Know Everything about “Third Wave Coffee Franchise” – Cost & Profit – Third Wave Coffee

Start A Tea Day Franchise – Cost, Fee, & Profit – Tea Day

Pret A Manger Franchise in India – Eligibility, Cost, Fee, & Profit – Pret A Manger

Tea Bench: The Journey

Tea Bench, a recently established company, set out with a mission to provide an array of fresh and diverse tea and beverage options at affordable prices. Since its inception, Tea Bench has successfully expanded its presence across multiple locations in the southern states, making progress towards achieving its goals.

Key facts on the tea bench

Sr. NoTypePrivate
1Trade NameTea Bench
2IndustryCafe
3Founded2021
4Founders Or Parent CompanyDinesh Rathinam
5HeadquartersTamil Nadu, India
6Number of locationsOver 150 locations
7Area servedPAN India
8ModelFranchise
9Menu offeringVarieties of Tea and Snacks
10Revenue~ ₹ 1 Crores
11Websitehttps://www.teabench.in/

You may like:

Start A Tim Hortons Franchise in India – Cost, Fee, & Profit – Tim Hortons

Start a Yewale Amruttulya Franchise and earn 1 lacs per month – Yewale

Start a Chai Sutta Bar franchise – Capital required, Profit, and ROI – CSB

How Much Does A Tea Bench Franchise Cost?

Tea Bench Franchise Cost

Like other food franchises, Tea Bench offers multiple concepts with a flexible investment option. However, the initial cost of setting up a Tea Bench outlet may vary depending on several factors, such as the outlet’s geographical location, available carpet area, and chosen franchise model.

Nevertheless, to become an authorized Tea Bench franchisee, one may require an initial investment of ₹3.25 lakhs to ₹5.5 lakhs and a dedicated floor area of at least 150 square feet to set up a brick-and-mortar cafe space.

According to its official website, Tea Bench offers three types of franchises: kiosk, takeout, and dine-in.

How much is the Tea Bench franchise fee?

Although Tea Bench has not publicly revealed the specific breakdown of its initial investment costs, it is reasonable to anticipate a franchisee fee ranging from ₹1 lakh to ₹2 lakhs.

Additional Cost for Tea Bench

Tea Bench stands out from its competitors as it does not impose any royalty or marketing fees, ultimately helping the franchisee to garner extra profit.

Type of FeeCost and Other details
Franchise Fee₹ 1 lakh to ₹2 Lakhs
Royalty FeeNo Charges
Kitchen Materials (Including SS Tables,
Warmer, Induction Stove, Coffee Machine)
₹ 1,50,000
Billing Machine (Cloud-Enabled)₹ 11,000
Branding (Signage Board, Lollipop Board, Vinyl)₹ 50,000
Carpentry Work (Material and Labor)₹ 30,000
Painting Work (Material and Labor)₹ 10,000
Electrical Work (Material and Labor)₹ 25,000
Total Initial Cost₹3.25 Lakhs to ₹5.5 Lakhs

You may like:

Start a Chai Garam Cafe franchise – Cost, Fee, & Profit – Chai Garam Cafe

Mr Tea Franchise: Invest Rs. 6 lakh and earn in lakhs per month – Mr Tea

How to Get a Pizza Hut Franchise in India – Cost, Fee, & Profit – Pizza Hut

How much is the Tea Bench franchise profit margin?

Tea Bench Franchise Profit

The profitability of a Tea Bench outlet can vary depending on several factors, such as location, competition, overhead costs, supply chain, variety of services, marketing conditions and demand, and much more.

Additionally, considering the rise in quality and premium tea demand, a wide array of affordable beverage options, competitive pricing, low-cost and low-risk opportunities, and high growth and profit potential may help new franchisees acquire a quick customer base in their area.

They may also expect a gross profit margin of 60% and a net profit margin of 25–40%.

Tea Bench Franchise Profitability Explained

To further illustrate the profitability of a Tea Bench location, let’s consider a hypothetical example. Suppose you have opened a Tea Bench outlet in a prime area and have achieved the following financial results over the years:

Since Tea Bench is a recently introduced brand in the tea and cafe industry, it may take some time to generate significant earnings.

Type of CostAmount
Sales/month₹ 3,00,000
Raw Material Cost (maximum 40%)(₹ 1,20,000)
:Gross Profit: ₹1,80,000 (60%)
Rent(₹25,000)
Employees salary(₹ 20,000)
Utilities(₹ 20,000)
Misc.(₹ 15,000)
Marketing(₹ 10,000)
:Net Profit₹ 90,000 (~30%)

You may like:

Is a Popeyes Franchise in India Worth the Investment? – Cost & Profit – Popeyes

Chai Your Luck: Can You Start a Chaayos Franchise? – Chaayos

Is Barista Franchise Worth Investment? Cost, Review, Profit, Alternatives – Barista Coffee

You may like:

Should you own Cafe Coffee Day Franchise? Alternatives, Cost, & Profit – Cafe Coffee Day

Space Required for Tea Bench Franchise

To own and operate a Tea Bench outlet, one should be capable of owning a store size of at least 150 square feet (owned, leased, or rented), which should be highly accessible and strategically positioned to attract a steady flow of customers

Manpower required to operate a Tea Bench Franchise

To manage a tea bench store efficiently, one should hire at least two professionals with little experience. It is not necessary to hire an experienced employee, as the franchises provide the training and support to equip chefs with the required skills.

Does Tea Bench Franchise REALLY Worth Investing?

Although owning and operating a Tea business may not require any special skills but a store at prime location, varieties in menu, competitive pricing, and exceptional customer experience may draw numerous customers at the chain. However, it is important to note that these elements alone do not guarantee the success of a store.

Moreover, given that Tea Bench is a relatively new brand with a limited food offering compared to similar startups, it is advisable to conduct a thorough analysis of this franchise opportunity.

Alternatively, one may explore well-established tea franchises already operating in their city, offering a wider range of products and potentially providing a more established and proven business model.

We at FranchiseGoal, strictly advise interested prospect to select a brand that has following features:

  1. At Least 5 years of operation
  2. Increasing growth pattern of its outlets
  3. Satisfied franchisees
  4. a proven track record of consistent profit margin

You may like:

Start a Keventers Franchise – Cost, Fee, & Profit – Keventers

Start a Samocha franchise – Cost, Fee, Profit, & ReviewSamocha

How to Get a Black Pekoe Franchise? – Cost & Profit – Black Pekoe

How to Get Tea Bench franchise?

One can avail this franchise using below mentioned steps;

  1. Visit its official website, but interestingly, you won’t find anything related to its franchising opportunity.
    • To learn more about it, you may need to visit Teabenchfranchise.in
      • You need to reach them at given details;

Official Address:

Tamilnadu Region Office

No:42, AC Block ,3rd Cross Street,
6th Main Road, Anna Nagar
Chennai, Tamil Nadu – 6000040

Karnataka Region Office

Novel Office – 46/4,
Garvebhavipalya, Kudlu Gate,
Hosur Main Road, Bangalore – 68

Official Details
Tea Bench Franchise Contact Numbertel:+91 9841784263
Email IDsupport@teabench.in

Final Takeaway – Conclusion

Tea Bench is one of the popular and rising Tea chains, specialized in serving a wide array of Hot and Cold Beverages. Currently, the chain has its presence in more than 150 location in more than 5+ indian states.

With an initial setup cost of ₹3.25 lakhs to ₹5.5 lakhs, Tea Bench may provide entrepreneurs its proven business model that may allow them to tap into the growing demand of its tea products. The franchise provides a flexible business model and an outlet holder may anticipate a net profit margin of 30%.

The Bottom Line/ Author thought: Overall, Tea Bench is all set to expand its presence in other states as well but with a minimal experience and limited food options, it may find some tough times to compete with renowned chain like Chai Sutta Bar, Chaayos, Third Wave, and Tea Time. 

If you are super interested in owning a Tea Bench, you should consider talking with at least 5-7 Tea bench outlet partner and get more insight about their growth.

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 Tea Bench Franchise in India?

    Ans: The initial investment for Tea Bench may accounts for ₹3.25 lakhs to ₹5 lakhs, which will include the franchise fee of ₹1 lacs to ₹2 lacs.

  2. Is Tea Bench Franchise Profitable?

    Ans: It could be difficult to quote about the store’s profitability with a limited information. However, the Tea Bench’s official website states that “Interested prospect may anticipate a gross profit of 60% and a net profit of 30%.

  3. Who owns Tea Bench?

    Ans: The chain was founded and managed by Dinesh Rathinam, A Chennai-based entrepreneur. it was established in 2021.

FranchiseGoal India
FranchiseGoal Indiahttps://in.franchisegoal.com
Welcome readers, FranchiseGoal is a global digital marketplace that connects aspiring entrepreneurs with top franchise and business opportunities. Our platform features enriched articles, industry insights, and a comprehensive blog to keep you informed and inspired. Join our social media community for regular updates, expert advice, and engaging discussions on franchising and business ideas. Discover your path to success with FranchiseGoal.
RELATED ARTICLES

Leave a reply & Get our response!!

- Advertisment -

Most Popular

Open chat
1
Scan the code
Powered by FranchiseGoal
Hello 👋
Can we help you?