Why a QSR Model
The QSR market in India is estimated at 25.46 billion USD in 2024, and is expected to reach 38.71 billion USD by 2029, growing at a CAGR of 8.74% during the forecast period.
QSRs benefit by having most of the pros of both Dining in and Cloud Kitchens - by not depending completely on aggregators for sales thereby cutting commissions, direct to consumer interaction, and rely on sales from both target audiences of delivery and dine-in.
It also cuts out the cons such as comparatively lesser operational cost than a full service dining in-restaurant, lack of restaurant identity, recall and repeats unlike cloud kitchen as it has a physical space and can encourage spontaneous conversion.
Another factor about the multi-cuisine QSR is that the food does not get typecasted into as single cuisine. Between Chinese, North Indian, Street Food, South Indian and a coffee shop, there is something to satiate everyone! With a common kitchen where inventory and staff can be cross utilised, there is more to offer to the consumers!
FAQ
Which countries are being considered for GoFood franchise partnerships?
We want the world to get a chaska (taste of India)! We are open to exploring absolutely any country, subject to meeting our criteria!
What is the investment required?
You’ll need to invest between INR 80 lakhs and INR 1.5 crore, depending on the store size and format, covering both the setup of the store and kitchen.
What space is needed to operate a GoFood franchise?
You’ll need a space ranging from 1200 to 2000 sqft, depending on whether it’s a Multi-Brand Food Court or Brand Store format.
Are there any additional fees or royalty charges?
According to the number of brands obtained, we shall clearly state the additional charges and royalty upon finalisation of the agreement.
What support does GoFood offer its franchise partners?
We handle everything from operations to supply chain management and technology integration to ensure smooth business operations. From the architecture, to the procurement of staff, operations and vendor management, we assist you from end-to-end. Additionally, we assist you in national and topical marketing campaigns and provide you with design collaterals for the same.
What is expected from franchise partners?
Franchise partners are expected to contribute only to the capital expenditure while GoFood manages all operations under the FOFO and FOCO Model.
Does GoFood assist in site location, supply chain establishment, and menu development?
Does GoFood assist in site location, supply chain establishment, and menu development?