Want to make money? Here is how to milk Amul for income
Amul is a famous Indian dairy and packaged food brand and the company is giving opportunities for individuals want to start a business of their own. The sales turnover could also be vary depending upon the location.
Making money is the goal of every individual caught in the capitalist system. And yes, greed is considered good here, but the person concerned has to build a money habit to ensure he or she puts in the hard labour with a focussed approach. However, it is money making ideas that are in short supply. Well, perhaps not. Here is one that will give you both work and income too and what you have to do is milk it for profits. Amul is a famous Indian dairy and packaged food brand and the company is giving opportunities for individuals want to start a business of their own. The sales turnover could also be vary depending upon the location. The turnover could be in the range of Rs 5 lakh to Rs 10 lakh per month according to Amul. However, it requires an investment and the minimum amount is set at Rs 2 lakh.
One can take up Amul’s franchise and earn a good amount every month. What makes it such a great idea? Well, the good news is that there is no need to share royalty or profit sharing for the franchise.
What is the Business Model?
The business model includes a franchise, that will have a prebuilt shop/space in a preferred location owned or rented. Amul's wholesale dealers will supply stock at the shop and the franchisee will avail the retail margin. Retail margins will be different for each product and the franchisee need not pay any royalty or share any revenue with Amul.
However, the entire cost (viz. interiors and equipment, excluding property cost) of setting up the store will be borne by the franchisee, which is expected to be in the range of Rs. 1.50 lakh to Rs. 6.00 lakh depending upon the business format. The working capital requirement would vary as per the sales volume.
There are various franchises that Amul offers. For starters, an Amul Outlet, Amul Railway Parlor or Amul Kiosk, one needs to invest about Rs 2 lakh. In which, Rs 25,000 is non-refundable brand security, Rs 1 lakh is spent on renovation and Rs 75,000 will be spent on the required equipment.
For the second franchisee- Amul Ice Cream Scooping Parlor- there is an investment of Rs 5 lakh. It includes brand security 50,000, renovations Rs 4 lakh, Rs 1.5 lakh for equipment.
Expenses like employee cost, electricity charges, rental charges etc. would also be borne by the franchisee.
Average returns on MRP of Amul products will be 2.5 per cent on a milk pouch, 10 per cent on milk products and 20 per cent commission on ice cream. On receiving franchisees of Amul Ice Cream Scooping Parlor, a revenue of 50 per cent is available on recipes based ice cream, shake, pizza, sandwich, hot chocolate drink. At the same time, 20 per cent on pre-packed ice cream and 10 per cent commission on Amul products.