Many financially unstable people affected the most during the lockdown period have taken MSME loans to start franchises. Ever since the lockdown happened, the tea stalls, roadside shop owners, and small vendors were impacted heavily.
A Tea Time franchise is probably the best idea to adapt after the lockdown. Everyone loves tea, and the business has better chances of making profits.
However, in this fast-growing world, selling tea the traditional way may not earn you many benefits. A tea franchise is more beneficial. You can take an MSME loan from online money lenders to help and boost your business growth. A business loan to start a franchise is always a great idea.
What is the Tea Time Group?
The Tea Time group is a respected member of the Tea Board of India. They offer one-of-a-kind products with the maximum profit margin. Their products are preserved most efficiently so that the quality does not fall.
Tea Time has been in the market for more than three years and has more than 1,400 franchises all over India. It is a low cost tea franchise.
They offer various flavors of teas, shakes, and coolers at affordable rates. They will also help you with the MSME loan and MSME registration information if needed.
Things You Need to Know Before Getting the Tea Time Franchise
You can also start your business with the help of the Tea Time franchise! This will help you to become financially stable after the fall due to lockdown. However, you should know the requirements before purchasing the franchise to help you prepare for the outlet.
You can register yourself for Udyog aadhar so that you do not have unwanted problems during the registration and loan process. These requirements are needed so that you will not reduce their dignity and business.
Area
The first thing you need to have for any business/franchise is a space to start a business. This space/area should be as per the conditions and requirements laid down by the company. You can take an MSME loan to purchase the land.
- Size should be 150-200 square feet.
- There must be hygienic water facilities and clean drains.
- The outlet must be near shopping malls, local markets, or bus stands to sell more.
- If you buy a shop to run your business, it must be on the ground floor and not on higher ones.
- The outlet must have sufficient space for customers to sit comfortably.
A loan will ensure that you can fulfill all the requirements without any financial problems. Since not every small business owner has a lot of cash in hand, they can apply for an MSME loan to enhance and grow their business and outlet.
Skill
You do not need any educational qualification to purchase a franchise from Tea Time, but you should know the basics of tea and running a business. You should know how to be friendly with customers and adhere to all the company’s guidelines.
Current expansion
Tea Time has set up more than two hundred outlets all over the country, and most of them are in Telangana and Andhra Pradesh. They are opening more outlets in the North, East, and West regions of the country. You can easily avail of the Tea Time franchise using your MSME registration.
Training
You need not worry that the company will leave you after giving you the franchise. They will support you and your business at all times.
- The company will train and assist you in all aspects to build your business successfully.
- They will give you a start-up kit, all the ingredients needed to make the beverages mentioned in their menu, and operational support.
- They will offer management training, in the beginning, to teach you how to work effectively.
- For marketing purposes, the company will advertise the outlet itself.
Once you learn all the needed skills and training, you can expand and advertise your outlet yourself using the money from the MSME loan or your profit.
Staff
You cannot work alone in the outlet. You need someone to work for you while you manage the business. The company has specified that you need 2-4 members for your outlet, who will help the customers and greet them politely.
The company is responsible for training the members as to how the beverages are made and presented.
The development of your business is dependent on how your staff behaves and prepares the beverages. If the customers are not satisfied with their performance, you will not expand your business.
Ensure that your staff is well-trained and skilled enough to keep the customers happy. You can always pay the salary to your staff using the money from the MSME loan.
Investment
You need money to get a franchise. The investment you need to make in the franchise is INR 4-5 lakh. It includes marketing fee, brand fee, start-up kit fee, portable equipment, and initial stock. The royalty charge is 3% of the gross sales each month, which will not exceed INR 9,000.
Taking a loan is risky. You should keep many factors in mind while choosing the firm to take a loan from, like the interest rate, time is taken to give you the money, flexibility in payment methods, and the firm’s experience.
Before taking the loan, you should register for Udyog Aadhar to simplify the different processes of registration. You may need to take a loan to invest in the Tea Time franchise.
ZipLoan is the solution to your loan problem. You can get a loan of INR 7.5 lakh in just three days, and the amount will go directly into your bank account.
You need not submit a balance sheet, and there will be no prepayment charges after the first six EMIs. Along with these benefits, our interest rates are lower than others, and we offer flexibility in the loan payment.
Our sole purpose at ZipLoan is to ensure the growth of your business and the financial stability of your family. We provide small business owners with MSME loans with the lowest interest rates, the quickest transfer of money, and flexible periods to help them grow.
Tea Time Franchise Contact Number
- Email ID – franchise@teatimegroup.com
- Contact No. +91 96 8566 7676, +91 95 7766 2211
Tea Time Franchise – Frequently Asked Questions
To start a franchise outlet of Tea Time an investment require between 4 lakh to 5 lakh. The investment cost covers the brand fee and the cost of the equipment.
Tea time franchise profit margin lies between 40% to 80%. The average payback period is from 5 to 10 months.
Tea time is booming in the F&B retail industry by already establishing 200+ stores in India, so it carries a reputed brand name along with it. Low capital requirements: A tea time set up requires an investment as minimal as ₹4.25 lakhs only.
Uday Srinivas Tangella, Founder of “Tea Time”, has driven the brand’s charge into the market over the past 3 years, leading it to 1400+ franchises in India already. He is the brains behind this operation, and is fondly referred to as the ‘Father of Indian Tea’ by a few!
Of course, Tea Time has been in the market for more than three years and has more than 1,400 franchises all over India.
A Tea Time Pvt ltd franchise typically requires an investment of ₹2lakhs – ₹5lakhs.
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