Street food franchise evaluations – Budget & trends

You definitely know more about street food options, whether you live in India or anywhere else around the globe – street food is everywhere. On the streets of cities, nearby railway station, public places, mall, etc. street foods are easily available at reasonable rates. In the course of last 5 to 10 years effective changes noticed within food service industry, for example diversity in menu and food service formats has been observed. This dynamic variation reflects customers’ choices and preferences as well as investors curiousness to generate more profits. The street food franchise sector is absolutely growing effectively, to add more, showed wide scope of growth and potential to passionate entrepreneurs. Apart from this globalization, digitization and urbanization has changed face of food franchise sector and today people demands convenient food options.

The industry status

Whole street food market can be divided into organized and unorganized players. Food courts, QSR, registered food chains, etc. fall under organized sector and local vendors, roadside unregistered shops, dhabas, etc. belongs to unorganized segment. In India, large market proportion is captured by local vendors, in fact organized markets is identified by its         food quality, freshness and cleanliness. As per recent reports, aspiration of people towards hygiene meals has been increased and exponential rise in standard street food franchise players has observed. Furthermore, young generation is point of discussion for food franchises because youth spending huge amount on food away-from-home instead of home cooked meals.

New franchise concepts are gaining popularity, in addition, consumers have acquired different taste consistently so there is need to improvise current infrastructure. Are looking to own a street food brand? You will need a minimum of 3 to 4 lakh investment with enormous support from franchisor. As a franchisee you only need to monitor franchisor’s activities and make sure you learn everything what they are offering.