Goli Vada Pav Business model: This Indian fast-chain restaurant makes 100 of crores in revenue.

Goli Vada Pav Business model

Goli Vada Pav Business model: In today’s time everyone wants to start a business but only a few get success in their business field. It is not that today’s generation does not have many ideas, they do, but they lack one thing which is Patience. Today in this news article of Bhartiye Times, we will talk about Goli Vada Pav Business Model and success Story.

How did Goli Vada Pav start?

Goli Vada Pav was started in 2004 by Venkatesh Iyer. Before starting his business Venkatesh used to work in a finance company. He did a corporate job for 15 years. Once when he was coming back from his office he saw a stall of Vada Pav and just behind that Vada Pav stall there was a McDonald’s store. Quickly his mind started to find similarities between Vadav and McDonald’s burger.

He kept thinking about his startup he shared his startup ideas with his family and friends but at that time no one believed that a Vada Pav Business could compete with McDonald’s in India. Iyer kept thinking if McDonald’s can achieve success then why can’t Vada Pav? In 2004 Iyer quit his job and started his Goli Vada Pav Business.

In 2004 Venkatesh opened his first Goli Vada Pav Shop in Mumbai in Kalyan. We all know that business is not that easy and not everyone gets success easily same happened to Venkatesh he faced many difficulties while operating the business.

There was a time when Venkatesh was about to go bankrupt because he was unable to find the investors for his startup. At one of the business summits he got a chance to speak about his business and in that summit many big and successful businessmen were present like Anand Mahindra, Ratan Tata, etc from that summit one of the investors showed interest in Venkatesh Iyer’s Goli Vada Pav Business and invested 21 crores.

Another challenge he faced in his Business was that the food items were not up to the mark. The food that was prepared in the morning would get spoiled by the evening due to which food and money were wasted but he didn’t give up and collaborated with one of his friend managers of the Vista Project. Vista project used to serve raw food items to McDonalds in India. After collaborating with Vista Project Venkatesh improved his food

How many outlets does Goli Vada Pav has?

Today in 2023 a quick service restaurant Goli Vada Pav has 300 stores and operates its business in 100 cities and 20 states. It is India’s one of the largest quick-service restaurants. It has more than hundreds of employees working in the restaurant.

Also read

It was first started as a Vada Pav Business but later with the growth of the business menu items also increased. Let’s look at it’s some of the famous menu items. Choco X-TASY, Hara Bhara Roll, Cheese Corn Pop, Classic Vada Pav, Pav Bhaji, Goliman, Goli Fries, Paneer Roll, Crispy Vada Pav and many more.

Goli Vada Pav Business model

Goli Vada Pav Business model: If you know how McDonald’s makes Money. Then you also must know how a fast chain restaurant makes money. Goli Vada Pav Business model is that Goli Vada Pav hands over its franchise to someone else and gets a share in the profit margin it also shares the recipe of food with the franchisee owners.

On the other hand, Goli Vada Pav has its restaurants from where he does not need to share any profit with the franchisee owners. All the profit which is generated from its shop goes to the business’s pocket.

As per reports revenue turnover is more than 100 cr in 2023.

EBITDA of the company decreased by 157.70%

Assets of company has increased by 135.05%

Liabilities of the company increased by 45%

who is founder of Goli Vada Pav?

Venkatesh Iyer is founder of Goli Vada Pav.

when did Goli Vada Pav Start?

It was started in the year 2004.

How much does a Vada Pav cost?

It costs around 8 lakhs

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