Latest News
-
Gold Prices India, April 18: After Huge Rally, 24K Of 100 Grams Yellow Metal Falls By Rs 3300 -
Indian Railway Finance Corp (IRFC): BUY Top Dividend Railway PSU Stock For 55% Gains Ahead; Target Rs 220 -
Buy Multibagger Tata Stock Ahead Of Dividend In April, TP Rs 679: Sharekhan, YTD Gain 37% -
Elon Musk Seeks Approval For Lucrative Pay Package Amid Legal Scrutiny -
Federal Bank Hikes Interest Rates On Savings Accounts & Fixed Deposits: Details Here -
Green Deposit Showdown: SBI Vs Bank Of Baroda Interest Rates -
1:6 Split: Metal Giant Vedanta Shares Hit New 52-Week High On Big Announcement; Splitting Up By Dec-2024 -
5 Bonus Issues, Rs 8/Share Dividend: Buy Multibagger Energy PSU, Dividend On April 30; TP Rs 195 -
Sterling Tools And Yongin Forge Strategic Pact, Stocks Surge -
Just Dial Hits 52-Week High With 13% Surge On Q4 Results Growth
Start a Business with Amul and Earn Rs 5 to 10 lakhs Per Month
In an official release, the dairy giant Amul is inviting individuals with an entrepreneurship opportunity. It said that "anyone with a very small capital base and good business acumen" could start an Amul franchisee.
The highlight of the business offer is that one need not share the profits or any royalty with Amul and will need just an initial spending of Rs 2 to Rs 6 lakh.
Initial Investment
An applicant will need prebuilt shop or space either rented or self-owned at a good location. The entire cost of setting up the shop like interiors and equipment will have to be borne by the individual. The expenses to set up the shop can be anywhere between Rs 1.50 lakh to Rs 6 lakh depending on the type of franchisee.
Amul is offering different kinds of franchisees. If you choose an Amul Outlet, Amul Railway Parlor or an Amul Koisk, the investment would be Rs 2 lakh, which includes Rs 25,000 non-refundable brand security, Rs 1 lakh on renovation and Rs 75,000 on equipment.
An Amul scooping parlor, on the other hand, could cost Rs 5 lakh, where the non-refundable brand security would be Rs 50,000.
Business model
The products will be supplied to the shop through Amul wholesale dealers and the franchise will get a retail margin. The margin varies from product to product and this revenue is not needed to be shared with Amul.
Depending on the sales volume, your working capital may vary too.
Earnings
Depending upon the location of your store, Amul says one can earn a revenue of around Rs 5 to 10 lakhs.
The shop will also get a commission on minimum retail price (MRP):
- 2.5 percent on milk pouches
- 10 percent on milk products
- 20 percent on pre-packed ice cream
- 50 percent on recipe-based products sold at Amul Ice-Cream Scooping Parlour
