Store Economics for Operating QSR Stores in India
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Licenses Required to Operate in QSR in India and in other nations
Key Licenses Required-
Food Safety License
Health or Trade License
Beverage License
Environmental Clearance
NOC from Fire Department
Shop and Establishment Act
And Many more..
All these Licenses are required to operate each store in the QSR segment.
Potential Disruptive Threats for the Industry
Major Disruptive and Innovative Forces playing out in the Industry are –
1. New Retail Formats -Drive Thrus and Order Kiosks
2. Rise of Food Aggregators
3. Rise of Food-tech companies
4. Rise of Cloud Kitchen
5. Monthly Subscription based food ordering
Resources – QSR
Industry Resources for QSR Industry List of Resources to understand the Industry in detail. These reports together give a great start to understand the industry…
Trends in the Industry
1. Rise of Domestic QSR Food Chains
2. Rise in Off-premises consumption
3. Increase in Health Awareness amongst customers
4. Environmentally Aware consumption
5. Increased Focus on Hygiene and Safety
6. Ghost Kitchens on the rise
7. Rise in Fusion Food
8. Consolidation and Shutdowns in the Industry forced due to COVID19 impact
Key Variables for Success in the Industry
Key Variables for success in Industry –
1. Number of Stores
2. Same Store Sales Growth
3. New Product Introductions
4. Footfall – Physical and Digital
Evolution of the QSR Industry in India
Different Phases in the Evolution of QSR in India are –
1. 1990s – Entered India in the 1990s and started challenging Indian organized restaurants who had early mover advantage.
2. 2000-2010 – Demand and Acceptability grew and Tier 2 cities and below also started accepting the QSR concept.
3. After 2010 – Entry of Regional players in the space and the space gaining acceptance pan India and growth being registered with New Age consumers.
Resources – Tiles Industry
Industry Resources for Tiles Industry List of Resources to understand the Industry in detail. These reports together give a great start to understand the industry…
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