Starting a restaurant franchise in India: Here is what you need to know
The food and beverage segment are growing exponentially in India. The surge of the franchise system of work has further fueled the growth of restaurants, pubs and bars, cafés and lounges and nightclubs in India. The changing lifestyle preferences have further triggered the growth. Even the harrowing times of the pandemic could not stop the franchise businesses from expanding, and now we have over 4,600 active franchisers and nearly 2,00,000 outlets operated by almost 1.7 lakh franchisees.
These whooping
figures are promising and motivating, driving entrepreneurs and aspiring
business owners to adopt the franchise model of success. Starting a restaurant
requires some understanding of the market. With the restaurant franchise
system, things have become simplified. You don’t have to get into the
nitty-gritty of starting the business.
Things to
consider when starting a restaurant business
Whether you are
starting a new restaurant or investing in a restaurant franchise, there are
some basics that one needs to know before dipping their toe in the restaurant
business world. To stay afloat in the business for a long, you need the right
business tactics and adopt innovative measures that can help your brand stand
ahead of the others. Below are some guiding tips that can be helpful in your
journey as a restaurant owner.
Determine the
target audience- Knowing your customer base is
important. Whether opening a restaurant, a café, or a bar, it is important to
know who your customer is. What is the target age group, and what are their
preferences? Acquainting with these basic ideas will help you serve your
customer better. You cannot skimp on any of these aspects when reaching out to
customers.
For example, the
late-night bar crowd is different from the customers who love to visit with
their families. Knowing the target age group is also important here. You should
do some research to understand the preferences of the particular age group.
Don’t skip
social media promotion- This is one of the most
promising marketing strategies, and you cannot miss out on this. Adopting the
right social media promotional strategy is paramount. This can begin with
creating your restaurant's social media page or YouTube channel and uploading
the latest events or offers. You can also collaborate with social media
influencers to further promote your brand and establish an instant reach to
thousands of people.
A pre-launch
following- Merely creating a social media page and
uploading pictures is not enough; you must establish a personal connection with
the people, and you need to add more followers to your list. Having your
patrons by your side will help create a successful launch event.
Plan a grand
launch- Now comes the most important part, and that
is launching the restaurant. For this, you need to make the launch and promote
it as a social media event. Once you have developed a list of followers, you
can begin hyping about your restaurant by posting on the social media page. You
can regularly look at the photographs and videos of the parties or the menu Das
enticing the customers. Make sure that the images are well photographed.
Drool-worthy pictures are certainly going to trigger the saliva glands of your
customers and attract them to your restaurant.
You have to
create hype about the opening of your restaurant. Promoted as a launch party
that should not be missed. You have to craft the marketing strategy based on
the preferences of your target group. You can also give them complimentary
drinks and food or also provide them coupons for the next visit.
Word-of-mouth
promotion works best in the case of restaurant franchisee marketing. A positive
word of mouth will help in creating a good brand reputation in the market.
Hence it becomes important that you must focus on your target audience and plan
your marketing strategy accordingly.
What's next?
As the global
food trend continues to change and India is one of the largest consumer
markets, many international brands are eyeing the Indian market. Several
international franchisees are paving their way to India. Regional brands are
also performing exceptionally well. The skyrocketing growth in the food and
beverage franchise segment indicates that it is one of the most lucrative
business opportunities. If You Are also willing to be a part of this growing
ecosystem, this is the right time to invest in the best franchisee opportunity.
Time to grow
with Brands and Branches
Growing wages,
rising population and increasing organization have motivated more and more
Indian population to dine out. People are now looking for the best restaurants
and cafes where they can have a good time with their family and friends.
Whether you are planning
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