Who Owns Meridian Ice Cream? How Much Does the Meridian Ice Cream Franchise Cost? Profit Potential in 2024 .These are some of the key questions which will be covered in this Blog
Meridian Ice Cream is a well-known ice cream brand and has fast becoming popular in city Like Pune etc .Its a Brand which is seeing high customer experience that has been making waves in the Indian market, particularly in Pune, where it originated. The brand has grown significantly in past 2-3 years and in very less time has over 30 outlets. In this article, we explore the story behind Meridian Ice Cream, its franchise opportunities, cost details, and profit potential for 2024.We will also cover in depth of How to get Meridian Ice Cream Franchise in India .
Who is the Owner of Meridian Ice Cream?
Meridian Ice Cream was founded by Prasad Tupe, a visionary and yound entrepreneur based in Pune. Prasad Tupe has been brain child in establishing the brand and expanding its presence throughout India. Recently, the Meridian outlet at Amanora Mall, Pune was awarded the Excellence in Hygiene Award, a testament to the brand’s commitment to high-quality standards and customer satisfaction. This Vibrant clean image of Meridian Ice Cream has become synonyms with the Brand .
How to get Meridian Ice Cream Franchise Cost
For entrepreneurs looking to enter the ice cream business, Meridian Ice Cream offers a franchise opportunity that promises significant returns on investment. Here’s a breakdown of the franchise cost:
- Fixed Franchise Fee : ₹3 lakhs + 18% GST
- Construction & Equipment: ₹5 lakhs (includes fridge and interiors)
- Initial Raw Material: ₹2 lakhs + GST
- Other Expenses: ₹2 lakhs
- Working Capital: ₹3 lakhs
Total Investment will be around ₹18 lakhs
The above canculation is done for a 500 Sq Ft Outlet .For a Bigger or Smaller Size Outlet cost will be slightly variable .
Profit Potential of a Meridian Ice Cream Franchise in 2024
The profitability of a Meridian Ice Cream franchise is one of its key selling points. With a growing customer base and a well-established brand name, franchise owners can expect high returns.This is generally higher as compared to its competitors in similar domain .
- Monthly Sales: ₹5-6 lakhs
- Gross Profit Margin: 45%
- Return on Investment: 12 months
Considering the 45% gross margin on sales, franchise owners can anticipate breaking even within the first year. The company provides significant support, including raw material supply, Zomato and Swiggy tie-ups, and comprehensive training to ensure that franchisees can run their business efficiently.
Requirements for a Meridian Ice Cream Franchise
To open a Meridian Ice Cream franchise, the following requirements must be met:
- Age Criteria: Minimum 21 years old.
- Legal Requirements:No Criminal Record and ID Documents
- Location: Suitable Area 100-300 square feet .
- Capital: Initial investment of ₹18 lakhs.
Expansion Cities and Growth Potential
Meridian Ice Cream has plans to expand across India. Currently, it has outlets in cities like Pune, Jalgaon, Solapur, and Kalyan. Future expansion cities include major metros and tier-two cities like Hyderabad, Vishakhapatnam, Aurangabad, Patna, Delhi, Ahmedabad, Surat, and Mumbai.
Meridian Ice Cream franchise
The Meridian Ice Cream franchise is an excellent opportunity for businessmen to target high population of Ice Cream Lovers . With a moderate investment of ₹18 lakhs and a profit margin of 45%, franchise owners will get better returns as compared to other Franchise y. Backed by Prasad Tupe’s visionary leadership and safe ice cream business , this franchise promises both financial success and growth potential in 2024 and coming years
For more details or to inquire about a franchise, you can contact Meridian Ice Cream through their official website.
