Launched in 2013 by Ravi Kiran and Chandra Lekha, Waffle House is a cafe restaurant where a variety of savoury waffles, sandwiches, pancakes, coffee etc are served to customers. The food served at the restaurant outlets isn’t just prepared with great care but and delicious as well.
Waffle House currently operates a total of 8 outlets, most of them are operational in Hyderabad itself while one in Bangalore city of Karnataka state.
The Hyderabad based cafe restaurant successfully added five franchise outlets since the year ( 2015 ) it become available for franchising. The company is now seeking the applications of prospective franchisees to scale its business across:
- Haryana, Himachal Pradesh and Jammu and Kashmir states of North India
- Andhra Pradesh, and Karnataka states of South India
- Assam state of Eastern India.
- Goa and Gujarat of Western India.
- Chhattisgarh and Jharkhand of Central India
- Chandigarh, Daman and Diu of Union territories
The Waffle House allows the aspiring franchisees to open either a unit franchise or a master franchise.
1. Unit franchise
The required investment for opening a unit franchise of Waffle House is between INR 10lakh – 20lakh with brand fee amounting to INR 5 lakh and 7% royalty. The space requirements is 300 – 500 square feet.
2. Master franchise
The master franchise option requires INR 30 – 40 lakh investment with INR 7 lakh as brand fee and royalty as 7%. Area requirement is 1,000 – 1,400 square feet.