Goli Vadapav to open 100 outlets in next 12 months, targets tier II and III cities.
Established in 2004, Goli Vadapav is one of the largest ethnic chains of vadapav in India.
The group started signing franchising within a few months of opening their first store launch to drive deeper market penetration for the brand. “We had dreamt of building a national chain of vadapav,” shares Venkatesh Iyer, Founder & CEO adding that new income source, operational benefit, deeper market penetration and risk reduction attracted him towards franchising.
Goli Vadapav is currently having over 250 franchisees running close to 300 stores of the brand pan India. “To be no. 1 ethnic fast food chain of quick service restaurants by retaining authentic Indian taste and maintain highest hygiene standards in food quality. Our focus remains on network expansion and maintain high operational standards,” adds Venky as he is fondly called.
No. of stores (company-owned + franchise): 300
Investment required : Rs 10 – 12 lakhs
Area required : 200 – 250 sq ft
Expected break-even : 6 – 8 months
Preferred cities & location : Tier 1 and tier 2 cities