Cafe Franchise hots up as Haldiram’s acquires Gelato Italiano, The Coffee Bean & Tea Leaf franchise
The lookout for the best tea, coffee, beverage, and ice cream franchise in India is gaining immense momentum among the small and big entrepreneurs exploring new business ideas in the country.
Grabbing one such opportunity, leading quick service restaurant (QSR) chain Haldiram Bhujiawala has finalized a 100 crore deal with Everstone Capital to acquire The Coffee Bean & Tea Leaf India franchise from the equity fund.
Realizing the potential of the swiftly growing billion dollar franchise industry in India, Haldiram Bhujiawala also went ahead to acquire Italian origin ice cream franchise brand Gelato Italiano, which was also being operated by Everstone Capital along with The Coffee Bean & Tea Leaf India franchise under the banner of Pan India Food Solutions, a holding company set up by Everstone Capital to house the popular coffee chain and ice cream franchise businesses.
The development came through after the shutting down of multiple outlets of the brands that were being operated by Everstone Capital due the increased pan India losses that the company incurred.
Pan India Food Solutions also owns and operates the fast food franchise brand Spaghetti Kitchen in India. Although a confirmation about the brand being a part of the deal was not received from the executives of Haldiram’s.
Nonetheless, it is interesting to note that even after having considerable distinction in terms of its customer base and business operations when compared to both the premium coffee brand and the ice cream franchise giant, Haldiram’s has some extremely promising hopes for the expansion plan of both the brands, which it feels have a great potential to penetrate the Indian F&B segment when backed by the power packed administrative and functional support system of the Indian QSR operator.
Budding beverage brands from major cities operating in the QSR space such as The Tea Cottage have chosen the franchising route in order to quickly expand its business operations by giving out its franchises, thereby enabling entrepreneurs looking to start a beverage franchise in India.
Similar expansion plans are being followed by a significant number of small and large F&B operators to tap the unpenetrated franchise industry in India as quickly as possible.
After Haldiram’s big move, it’s pretty evident that the QSR franchise space in India has a huge potential and entrepreneurs looking to start a new business in India can very well go on to explore the top F&B and ice cream franchise opportunities such as a Cafe Coffee Day franchise, or a Cream Stone franchise, as these provide the investors with the option to invest in the ongoing business operations of an established brand post evaluating a number of crucial factors at both their, and the brand’s end, along with top notch marketing and operational support from the franchisor which could lay a promising foundation for better sustenance and growth while operating their franchise business in India.