Rasna Buzz Franchise
Rasna Buzz Franchise
The brand cherished by the households of the ’90s, Rasna, has conceptualized a mocktail bar, which it says is a revolutionary venue that is more than just a bar. The non-alcoholic outlet offers a truly welcoming, creative and nostalgic space where people of all backgrounds and walks of life can hang out, socialize and relax. The brand has also come up with an extensive beverage menu, with various regional delicacies. The first-of-its-kind kiosk bar concept specializes in mocktails and other lifestyle coffees and has been made livelier, thanks to the showmanship of shaking, stirring and flaring of drinks before the guests. This article seeks to guide the aspiring entrepreneur on getting started with this franchise model.
The Concept in Brief
The concept of mocktail bar will include new products apart from mocktails. Besides the parent product, it will have milkshakes, smoothies, and food items such as French fries, burgers, sandwiches, etc.
Catering to Consumer Needs
Rasna’s new business model is driven by millennials, but it has something for everyone. It aims at catering to the young and the old alike, with products suiting each of them. Some of them include tea varieties that suit older people, sugar-free offering for diabetic people or for those who prefer less sugar, fast-foods for the craving youth, and so and so forth.
The Rasna Advantage
Business choices don’t come easy, considering the options available and the question of suitability. Here’s why you could opt for this one.
- Authentic flavours
- Passionate brand
- Experienced management
- Healthier choice
- Strict operating standards
- The option of being an Area Developer/Unit Franchise
Entrepreneurs who are willing to begin and operate this model may have to make an investment of INR 10 lakhs-INR 20 lakhs, along with a franchise/brand fee of INR 4 lakhs. A royalty deposit of 6% is mandated. The projected percentage of return on investment is 85%, and the likely payback period of capital for a unit franchise ranges between 1-2 years.
The location of the establishment could preferably be high streets, malls, institutional parks, and corporate parks, given the potential for footfalls. The property must be commercial, measuring between 150-500 square feet.
The following areas have been proposed for expansion, though applications are invited from all quarters:
- Himachal Pradesh
- Jammu and Kashmir
- Uttar Pradesh
- Tamil Nadu
- Andhra Pradesh
- Arunachal Pradesh
- West Bengal
- Madhya Pradesh
- Andaman and Nicobar Islands
- Daman and Diu
Scope of Training
- To start with, the franchisees would be provided with a detailed operating manual to help them carry out their tasks.
- Expert guidance would be rendered from the Head Office in opening the franchise.
- Field assistance would be provided.
- Current IT systems would be included.
The franchisee must sign a standard agreement with the brand, valid for a span of five years. The agreement can be renewed after this period.
Post by Sreeram Viswanath
IndiaFilings is India's largest online compliance services platform dedicated to helping people start and grow their business, at an affordable cost. We were started in 2014 with the mission of making it easier for Entrepreneurs to start their business. We have since helped start and operate tens of thousands of businesses by offering a range of business services. Our aim is to help the entrepreneur on the legal and regulatory requirements, and be a partner throughout the business lifecycle, offering support at every stage to ensure the business remains compliant and continually growing.