The cake shop business is an evergreen business. There is always a demand for cakes.
You can start your own cake shop or you can start a cake shop by joining a brand. One such major brand is Ribbons and Balloons.
In this article, we will talk about the Ribbons and Balloons franchise opportunity. This includes Ribbons and Balloons franchise cost, profit margin, licenses required, whom to contact, and much more.
Why Ribbons and Balloons franchise?
Established in 2005, Ribbons and Balloons is a leading pastry and bakery chain. The company has a corporate office in Mumbai.
Ribbons and Balloons has 100+ outlets in Maharashtra and Karnataka States, The majority of these outlets are run by franchise models and some of them are directly run by the company.
They have a good presence in Mumbai, Thane, Pune, Mangalore, Udupi, and Manipal Cities.
The menu includes Cakes, Chocolates, Pastries, Biscuits, Savoury, desserts, Titbits, beads, etc.
Licenses and certificates Required
To open a Ribbons and Balloons franchise you need the following licenses and certificates:
- Business Registration – sole proprietorship/LLP/Private Limited
- FSSAI Licence
- Trade Licence – from the local municipality
- Shop and Establishment Registration
- GST Registration
- NOC from the local fire department
For business loans, you can approach banks like SIDBI.
Space required to start the franchise
The minimum shop area required to open a Ribbons and Balloons franchise is 250 square feet.
Make sure that your shop is located in a prime location in the city with a lot of footfall.
Ribbons and Balloons Franchise Cost
To start a Ribbons and Balloons franchise you need an investment of Rs 7 lakhs. Depending on the size of your store and your location, the amount of investment may vary slightly.
Here is the breakdown of the above-said amount,
- Franchise Fee -> 2 lakhs
- Shop Interior Works -> 2 lakhs
- Cooling counter and other equipments -> 2.5 lakhs
- Miscellaneous expenses -> 40,000 rupees
- Shop security deposite -> 35,000 rupees (varies as per the location)
The monthly expenses are employee salary, royalty fee15%, raw material purchase, shop rent, utility bills & packaging materials, etc.
Profit margin in Ribbons and Balloons franchise
From the Ribbons and Balloons franchise, you can expect a profit margin of up to 30% on the sales after deducting the royalty fee.
How to get Ribbons and Balloons Franchise
You can also contact them using their official website by filling out the franchise inquiry form.
Once you get in touch with the team they will connect you to the Ribbons and Balloons brand business development manager in your area. The business development manager will guide you in setting up your cake shop.
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What is the shop space required to start a Ribbons and Balloons cakeshop?
You require a minimum space of 250 square feet.
What is the investment required to start a Ribbons and Balloons franchise?
You need to invest 7 lakh rupees to start the franchise
What is the profit margin in the Ribbons and Balloons franchise?
You can expect a profit margin of up to 30%.
How to contact Ribbons and Balloons?
You can call them at their contact number +91 96060 13444.
I hope this guide to ‘Ribbons and Balloons Franchise’ will help you get started. If you have any additional suggestions, feel free to mention them in the comments section below.