Cash rich tea stalls
Sure shot profitable business model
Sure shot profitable business model
Startups look at the tea as the next big thing. About 100crore people or 90% of India’s population drink tea. While traditional tea businesses are cash rich, modern tea businesses are incurring losses.
Instead of pursuing an MBA degree Praful Billore set up a roadside tea-stall. A typical tea stall can generate about INR 6000, by selling 700–800 cups per day at INR 7–10 per cup. The minimum profit is about INR 20,000 per month. Robin Jha quit his job from Ernst & Young to start Tpot. It has more than 30 outlets in Delhi-NCR. Tpot has a monthly run-rate of INR 50 lakh .
Read more at: https://yourstory.com/2017/03/tpot-startup
Praful says in his interview to Rahul, “I did not get admission in top colleges. I opted to start a tea stall, as it required less money. I did everything from washing utensils to preparing tea and managing finance.”
Britishers made tea popular in India. Earlier Indian tea was only for exports. Later Irani tea shops opened in Mumbai. They still sell brun-maska. In Mumbai most of the roadside tea stall owners are from one region in Rajasthan.