To start up a Goli Vada pav franchise, the business owner needs a minimum of 350sq feet of space with 15 feet of the front opening. While the company may or may not offer proper seating, it should accommodate at least a waiting are for customers. Coming to location, the company demands it to be close to a populated residential area or a college.
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How much does a vada pav wala earn?
400 vada pav per day means he is earning Rs 3000 per day and around 1 Lac rupees a month by selling just vada pav at the food shop.
Why did Goli Vada Pav fail?
Venky realized that he couldn't establish Goli Vada Pav as a brand without uniformity in taste and consistent standards. Another issue was that the prices of ingredients were not static, and whenever prices of ingredients such as potato and onion used to go up, his margins used to go down.
Who is the owner of Goli Vada Pav?
Venkatesh IyerWhen Venkatesh Iyer co-founded Goli Vada Pav with Shiv Menon in 2004, he saw a big opportunity in selling affordable, clean, ethnic fast food to lower-income customers in India.
Is Goli Vada Pav franchise profitable?
Q: Is a Goli Vada Pav franchise a good investment? Ans: Yes, it is a highly attractive investment. The brand is reputed and has its own training academy.
Is Goli Vada Pav healthy?
No, vada pav is not healthy. Made from vada (potatoes filling) and bread. The vada is deep fried which is a major problem. What's the problem? Potatoes (Aloo) : Being high in simple carbohydrates they will lead to weight gain and are not good for people with diabetes, heart problem and obesity.
Is Goli an Indian company?
Goli Vada Pav is an Indian fast food restaurant chain originated from Mumbai, Maharashtra, India. It was founded in 2004 as a vada pav restaurant by Venkatesh Iyer. It currently operates in over 100 cities with over 300 stores.
Who is Venkatesh Iyer entrepreneur?
Venkatesh Iyer (Venky), the founder of Goli Vada Pav, saw the immense business potential in this humble recipe. Started in 2004, it has now grown to over 350 outlets across India, with its presence in 20 states and 100 cities.
Who started vada pav?
Ashok VaidyaHistory. The most common theory of the vada pav's origin is that it was invented in the erstwhile mill-heartland of Central Mumbai. Ashok Vaidya of Dadar is often credited with starting the first vada pav stall outside Dadar railway station in 1966.
What is the price of MBA chai wala franchise?
INR 3 LakhsThe franchise Fee for MBA Chai Wala is INR 3 Lakhs.
What is the cost of McDonald's franchise?
Documents- ID cards, lease documents, etc. Franchise Investment Cost- In India, if anyone wants to start a McDonald's franchise in India, then their net worth should be between INR 10 to 15 Crore. Also, assets worth INR 5 Crore should be in the form of cash or liquid assets.
How much does it cost for Domino's franchise?
Initial franchising fee: The Domino's initial franchise fee is $10,000 for building a new store or refranchising a closed store. Do note that Domino's sometimes charges a "reservation fee" of $25,000. The franchise disclosure document that you receive will have more details on this additional fee.
Who started vada pav?
Ashok VaidyaHistory. The most common theory of the vada pav's origin is that it was invented in the erstwhile mill-heartland of Central Mumbai. Ashok Vaidya of Dadar is often credited with starting the first vada pav stall outside Dadar railway station in 1966.
Who is Venkatesh Iyer entrepreneur?
Venkatesh Iyer (Venky), the founder of Goli Vada Pav, saw the immense business potential in this humble recipe. Started in 2004, it has now grown to over 350 outlets across India, with its presence in 20 states and 100 cities.
Q: Is a Goli Vada Pav franchise a good investment?
Ans: Yes, it is a highly attractive investment. The brand is reputed and has its own training academy. The technology they use helps maintain the f...
Q: Is it easy to become a Goli Vada Pav franchise?
Ans: The process is very simple. Goli Vada Pav franchise outlets cost between ₹ 8 to ₹ 10 and 12 lakhs. Goli Vada Pav charges a franchisee transf...
Q: How did Venkatesh Iyer decide upon the concept of a Goli Vada Pav?
Ans: Venkatesh Iyer, an investment banker, came up with the idea while sipping chai and eating Vadapav in 2003. What he saw was a McDonald’s outlet...
Q: What went wrong with Goli Vada Pav?
Ans: Mr Venkatesh knew that without consistency in flavour and standards, he wouldn't be able to buil d Goli Vada Pav as a brand. Another diffic...
When did Goli Vada Pav start?
Venkatesh Iyer and Shrivadas Menon started the very first Goli Vada Pav franchise in India in 2004 within an investment of 40 lakh rupees. What started with just a stall has now turned into a massive chain. With over 300 outlets in the entire country, the company is continuously growing.
How much space does a Goli Vada franchise need?
To start up a Goli Vada pav franchise, the business owner needs a minimum of 350sq feet of space with 15 feet of the front opening. While the company may or may not offer proper seating, it should accommodate at least a waiting are for customers.
What are the USPs of Goli Vada Pav?
Keeping the same as their USP, Goli Vada Pav offers extremely affordable options with a range of variety .
When did Venkatesh Iyer start selling food?
The venture started from a very small stall back in 2004 when Venkatesh Iyer and Shrivadas Menon decided to sell food for a living. They contemplated between South India food and Vada Pav in Mumbai. Ended up selling vada pav.
Why did the company outsource the fryer?
The Company made sure they are outsourcing in order to grow. The company gave out franchise on complete cost and labor put in by the franchise. The company then started outsourcing the patty and even outsourced the fryer for a longer shelf life of products.
What is included in franchise investment?
The amount of investment includes the franchise fee, establishing the kitchen, decor of the outlet, investment in assets like computers, counter, seating, etc.
How long has Goli Vada Pav been around?
Goli Vada Pav is a famous brand that has been popular in the country for more than 12 years now
When was Goli Vada Pav launched?
Launched in 2004 by Venkatesh Iyer & Shrivadas Menon, Goli Vada Pav has made a name for itself since then in Maharashtra. The first outlet of the business was started in Kalyan, Mumbai, as a small outlet selling vada pav. Today the firm has spread its wings throughout the country, with more than 300 outlets in more than 100 cities.
What is the USP of Goli Vada Pav?
One of the main Unique Selling Proposition of the company is that Vada Pav is one of the most popular street foods and is affordable too. With just a couple of vada pav, you can finish your breakfast and carry on with your daily work. Another highlight of Goli Vada Pav is that it offers a wide range of vada pav varieties to its customers.
What is vada pav?
Vada Pav, called the Poor man’s burger, is one of Maharashtra’s most famous street foods. It looks like a burger, but instead of a chicken patty, you will have a potato vada wedged between two bread slices. The food has been a favourite food for Mumbaikars for more than 50 years now, and it is effortless to make.
How many square feet do you need to have a vada pav?
To get a franchise, you should have a minimum of 350 square feet along with 15 feet frontage area for people to enjoy their vada pav. Most importantly, the location you choose needs to be in a crowded space with many footfalls like railway stations, shopping malls, movie theatres, etc.
Where is Vada Pav popular?
Vada Pav is a popular street food not only in Mumbai but also has become very popular throughout the country. Goli Vada Pav was launched with a minimal investment of just around 40 lakhs, and today their profits have soared to 350 crores with about 350 outlets throughout the country.
Does Goli Vada Pav have refresher training?
Goli Vada Pav will provide all the required training required for all the franchisee staff to get the hang of the outlet and the dishes served in it. There will also be refresher training programs conducted throughout the year.
Why Goli Vada pav Franchise?
Before starting any food chain business, everyone always think about why should be go for some special brand? Lets explain some special things about goli bada pav bhaji business.
How many outlets does Goli Bada Pav have?
Now by today, It has more than 300 Outlet throughout the nation. According to the founder of Goli Bada Pav business, Mr. Venkatesh Iyer, He started this business after resigning from his job from a leading financial company. His Aim is to expend his Brand Bada Pav partners from 300 to 1000 Franchise in 2020.