The Operations Head (India) of Pan India Food Solutions, Mr. Amit Maheswari, has mentioned in an interview that India has a great scope for food & beverage franchises, especially coffee chains. Mr. Maheswari remarked that:
The organised coffee chain retail market is said to be Rs 1,000 crore and has been steadily growing. For CBTL, this is where opportunity lies for growth. (Roy, Business Standard)The first Coffee Bean outlet in India was started in Select CityWalk in Saket, New Delhi, in 2008. To drive the expansion better and faster, the company started franchising soon, with the first Coffee Bean franchise in India being opened in Chandigarh. The coffee house culture is more and more becoming an indispensable part of the urban lifestyle in contemporary India. The Coffee Bean & Tea Leaf (CBTL) is looking forward to grab this opportunity by opening 15 more outlets within this year.
At present, CBTL is operating in 29 countries through its 1000 outlets. The area requirements for opening Coffee Beans & Tea Leaf franchise in India is roughly 1,500 square feet. Mr. Maheswari also mentioned that the start up cost for CBTL franchise outlet in India, the investment will be around Rs. 80 to 90 lakhs. It will be a big investment no doubt, but we are sure that it is worth the return.
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You might also want to read:
1. Roy, Vijay C. "California-based The Coffee Bean & Tea Leaf to expand in India". Business Standard. 10 June, 2013. Web. 12 June 2013.
2. Image: "The Coffee Bean & Tea Leaf". The Purple Passport. N.D. Web. 11 June 2013. Cropped and resized.