Written By: Yukta Palekar

Franchising might be a fantastic starting point for anybody looking to enter the fine dining restaurant sector. Applying a recognizable brand name speeds up your trip. To ensure you are ready to go, we will address all of your inquiries on how to launch a Mayflower Franchise Food business in India. Moreover, a growing name in the fine dining restaurant franchise segment is in this blog article!

About The Mayflower Franchise - A Pioneer In The Fine Dining Restaurant Franchise Experience

Swirl Lifestyle LLP, located in Chennai is a hospitality company with two Mayflower restaurants that serve pan-Asian cuisine. In addition they manage Sola Bistro and Bar known for its pizza, continental dish and cocktails. Also, May Kitchen and Bar in Puducherry which specializes in Franco-Tamil and Continental dishes.

Some of the advantages of buying a fine dining restaurant franchise are

• developing economy,
• high disposable incomes of people
• as well as rising seeking by middle class for high quality food services.

Both local and foreign visitors travel to India. This is so because the country’s tourism industry is booming as well as hospitality sector. Hence wanting to taste its unique foods while looking out for expensive fine dining experiences.

Luxury dining remains an integral part of Indian cuisine. This is since this middle class is enlarging and it wants luxurious places for eating.

MayFlower Franchise Investment Requirement

Mayflower Malaysia travel specialist seeks individuals passionate about franchising business.

The Company has more than 60 locations, so it is searching for entrepreneurs who can pay RM50,000 franchise fees over five years period +18% loyalty fee plus RM200 000 start-up capital which are not refundable.

The franchise scheme utilized by the company depends on a successful business model that it has developed.

Starting Mayflower Fine dine restaurant franchises is beneficial

The advantages of fine dine restaurant franchise include low cost start up, higher rate of success and lower costs compared to own businesses.

With the right knowledge and support, franchisees do not have to be experienced.

This makes franchisors more interested in taking over with instant brand recognition and built-in demand, as opposed to building a customer database.

When a parent company contributes a percentage of investment and has well-known trademarks that is recognizable by lenders familiar with the franchise’s real estate and equipment requirements, financing and in-depth training become simpler.

New franchisors go through extensive training programs which include classroom work as well as on-job training.

Fine dine restaurant franchises concentrate on turnkey ownership thereby saving owners’ time and energy.

However, they will need to pay for an initial franchise package as well as ongoing fees or royalties.

Prestige also comes with fine dine restaurant franchises where the brand owners provide complete sales, marketing and advertising support. This reputation is important for maintaining strong client base thus yielding higher ROIs.

What are the prospects for high-end eateries in India going forward?

The idea of fine dining restaurants has been greatly affected by the pandemic in India, with many of them now offering home delivery as a major income stream.

Franchisee restaurants like Indian Accent, Masque and Masala Library have had to adapt to new demands and trends to keep their businesses running. Even top-rated luxury hotels are starting to follow a delivery model, offering a limited menu, based on what is available locally at that time.

While reopening their doors for business, customers are putting safety and hygiene first when it comes to eating out. A report from ECG shows that before Covid-19 struck, 60% of diners preferred standalone AC and franchisee restaurants over other options; today however almost half will visit fine dining and franchisee restaurants as soon as the lockdown gets lifted.

The success of such establishments will depend upon offering unique, authentic and environment friendly experiences. Hygiene standards remain paramount but people may take some time before returning back to their old ways.

The hope is that everyone is past the worst days so far into this pandemic period resulting in a better future of fine-dining.

Market Size for Fine Dining Restaurants in India

With a projected rise of USD 125.06 billion by 2029, the Indian restaurant sector is expected to develop significantly and usher in a golden age for the food service sector. Over the course of the projected period, the industry is anticipated to grow at a CAGR of 10.03%, providing a wealth of chances for aspiring restaurateurs.

As the interests vary of its patrons is the variety of cuisines, ranging from cafés and quick food to fine dining and ethnic cuisines. In addition to providing excellent cuisine, opening a restaurant in India means getting to know the nuances of one of the biggest and most vibrant service industries in the nation.

This guide outlines the essential steps for opening a restaurant in India, including determining the concept, considering investment capacity, and understanding the Average Price per Customer (APC).

• The largest consumers of food service in India are restaurants and hotels, which is driving the growth of the restaurant business. The increase in the number of restaurants in India is in attribution to factors such as rising per capita income, fast-paced urban lifestyles, and growth in the market size.
• Globalization during the 1990s also facilitated a growing number of non-Indian and fusion food chains. Therefore, that resulted in a rise in QSR (quick service restaurants) and affordable fine dining spots. Nevertheless, local and regional competition within the sector necessitates diversification and innovation.
• Food delivery has changed everything. This has seen an amazing digitalization of eateries all over India starting April of this year making Swiggy, Zomato, smaller local players their representative faces on the screens.
• Sustainability is increasingly becoming a mainstream concern for Indian restaurants which are now championing for green efforts like sourcing locally produced organic ingredients, reducing waste from uneaten food and using energy saving techniques.
• Pizza Hut, Burger King India, Global Tata Starbucks etc., also count other food aggregators.

Top Other Fine Dining Restaurant Establishments to Begin in India in 2024 Separated From MayFlower Franchise

Erra Karam – Franchise:

Popular in Kerala, Erra Karam is a resto-bar with a sophisticated ambiance and menu. Profitable fine dining establishment Erra Karam offers a finger-licking cuisine and a menu geared to satisfy spice demands.

For those wishing to launch their own upscale restaurant in Kerala, this franchise opportunity is ideal. Moreover, it is offering 2000–3000 square feet of space and an investment range of Rs. 75 Lakhs to Rs. 1 Crore.

AMRITSAR HAVELI – Franchise:

Well known Amritsar Haveli, a classic Punjabi food chain offers both veg and non-veg food options. The brand was founded in 2018 with the goal of providing tasty and clean Punjabi cuisine.

With 100% client pleasure guaranteed, the skilled chefs have perfected dishes like Sarso Ka Saag with Makki Di Roti, Dal Fry, Paneer Lababdar, and Amritsari Special Kulcha. The crew puts a lot of effort into cooking with love and providing the finest. Alongside all while maintaining quality and consistency.

Range of Investment: Rs. 40 Lakhs - 50 Lakhs

Parampara Flavours Of India – Franchise

The 2020 establishment of Parampara Flavours of India seeks to provide gourmet meals to Indians without breaking the bank. The restaurant chain serves a variety of cuisines in thalis, buffets, and ala carte options. This is by combining traditional and modern design aspects.

The franchise concept is spreading throughout India and the Southern Markets. In India, launching a restaurant franchise can be lucrative, but advantages include having access to a well-known brand name, help with operations, marketing, training, and site selection, a tried-and-true business plan, and economies of scale when buying supplies, equipment, and ingredients.

Investment need to be One to Two Crores.

Biryani Darbar – Franchise

Ajinkya Mhatre, the creator of Nav Sharda Hospitality, and Nishant Mhatre launched the Indian Biryani Darbar cuisine Franchise. This is when a group of friends were dissatisfied with the cuisine at a nearby restaurant.

In order to offer premium meals, they made the decision to open BD in Dombivli. The company's ten-year strategy calls for the opening of fifty restaurants throughout India. This is with a focus on Goa, Karnataka, Punjab, Delhi, Chennai, and Bangalore.

The objective is to establish a global brand recognisable for its high standards of quality and customer service. Parcel counter, small restaurant, and fine dining restaurant are among the franchise business model alternatives. The company wants to establish a reputation for providing good-quality food and services.

15–20 lakhs is the investment range.

Conclusion

Benefits of owning a fine dining restaurant franchise in India include the country's thriving economy, growing middle class, and expanding demand for upscale dining establishments, wines, and gourmet food. Further details on the newest fine dining restaurant franchises and the Indian food industry are available at FranchiseBAZAR.

Disclaimer: The brands mentioned in this blog are the recommendations provided by the author. FranchiseBAZAR does not claim to work with these brands / represent them / or are associated with them in any manner. Investors and prospective franchisees are to do their own due diligence before investing in any franchise business at their own risk and discretion. FranchiseBAZAR or its Directors disclaim any liability or risks arising out of any transactions that may take place due to the information provided in this blog.