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  JOINT VENTURE

 
International | Joint Venture | Franchising

PROFILE OF OVERSEAS PARTNER:

You should have the drive and commitment to start and participate in operations of your own restaurant bus0iness.

You should own / rent / lease property (approx 3000 sq.ft with a bar ) in a strategically located place.

You should have or can arrange a sum of approximately 200000US$ for investment into the project.

The investment figure includes the signing in amount of the franchisor, complete interior costs, kitchen investments, the startup expenses/working capital of the project.
(The total investment figure provided is approximate and would vary countrywise.)


BUSINESS PROPOSALS & SIGNING IN FEE:

THE INDIAN PARTNER WILL :

Provide the concept, theme and the registered trade name MIRCH MASALA.

Advise on project execution by giving the basic design and standard specifications of the interiors.

Assist in procurring furniture, fixtures, interior props.

Guide the kitchen set up by providing technical details of kitchen design and other equipments.

Recruit & provide periodic training of required man power.

Provide the required basic menu and kitchen management procedures.

Provide standardized masalas, recipes and regular research based updations of the  same.

Support in carrying out various Indian theme food festivals.

Provide necessary back-up from India in terms of new Interior props and fresh -skilled man power.

Install all management and restaurant operating systems.

Provide continuous upgradations and assistance.

Handle restaurant operations and management.

THE OVERSEAS PARTNER WILL:

Arrange for required finance.

Execute creation of restaurant as per set design and concept.

Arrange for shipping of building materials and props from India.

Organise for all necessary Visas and documents for the transfer of man power.

Procure all Govt. licences and legal formalities.

Source local recruitment of man power.

SIGNING IN FEE & PROFITS:

A signing in amount of US$30000 is payable to the Indian partner on signing of the agreement to be reinvested by the Indian partners as their contribution towards capital.

Profits / Dividends after all the expenses will be shared at a ratio of 50 : 50 between the Indian and the Overseas partner.