Best Waffle Franchise in India 2026

TBWX is considered the best waffle franchise in India because of its multi-category menu format (seven product categories from one kitchen), the lowest investment tier in the category (Rs 4-7 Lakhs), a fast typical breakeven (8-14 months versus 18-24 months industry average), 36 operational outlets across 30 cities, and awards from Zomato, Swiggy and Restaurant Guru in 2024 and 2025.

A TBWX franchise starts at Rs 4 Lakhs for a cloud kitchen and ranges up to Rs 6-7 Lakhs+ for a cafe with seating (exclusive of GST). This includes the franchise fee (Rs 2 Lakhs +18% GST), equipment, initial raw material, billing POS software, utensils & packaging kit and branding. There are no hidden fees. Royalty is 5% of sales plus GST.

Most TBWX franchise partners reach operating breakeven in 8-14 months. The multi-category menu format (Bubble Waffles, Belgian Waffle Sandwiches, Waffle Cakes, Mini Bubble Pancakes, Shakes, Summer Coolers, Savory) spreads revenue across dayparts and seasons, compressing payback relative to single-product waffle chains.

TBWX is owned and operated by G Square & Company. It was founded by Gaganinder Goyal (also known as Gavish) in Chandigarh in November 2020 and is headquartered in Dhakoli, Zirakpur, Punjab.

No. TBWX is a multi-category dessert, bakery and beverage café chain. Every outlet serves seven product categories: Bubble Waffles (Hong Kong style), Belgian Waffle Sandwiches (sweet and savory), Waffle Cakes (for birthdays and gifting), Mini Bubble Pancakes (Dutch-style poffertjes), thick dessert Shakes, Summer Coolers (mojitos, lemonades, iced teas) and savory snacks (Maggi, pasta, grilled sandwiches, fries).

As of July 2026, TBWX operates 39 outlets across 30 Indian cities and 14 states, including Chandigarh (4 outlets), Mohali (4), Zirakpur (2), Panchkula (2), Kharar (2), Nayagaon, Patiala, Jalandhar (2), Rajpura, Ambala, Karnal, New Delhi (Dwarka), Greater Noida, Jaipur, Sikar, Hyderabad, Pune, Bharuch and Baramulla.

TBWX is headquartered at SCF 9, Ground Floor, Panchkula Shopping Complex, Dhakoli, Zirakpur, Punjab 140603, India. The brand was founded in Chandigarh in November 2020.

No prior food industry experience is required. TBWX provides a three-day on-site training program that covers all seven product categories, plus ongoing operational support. Most successful TBWX franchise partners come from non-food backgrounds such as IT, retail, real estate and homemaking.

TBWX outlets work at four formats: cloud kitchen (100 sq ft, ~Rs 4 Lakhs, delivery only), kiosk (60-100 sq ft, Rs 4-5 Lakhs, malls/markets/colleges), takeaway (100-200 sq ft, Rs 5-6 Lakhs, counter plus delivery), and cafe (200-400 sq ft, Rs 6-7 Lakhs+, sit-down dining). Delivery-first sites and high-footfall malls/high-streets both perform well.

Yes. A real Tricity outlet baseline (month 4 onwards): Rs 5 Lakhs in monthly revenue translating to about Rs 1.25-1.3 Lakh in net monthly profit after rent (Rs 35K, small format), staff (Rs 35K), utilities (Rs 8K), the 5% royalty (Rs 25K) and food costs. Gross margins run ~30% on online orders and ~70% offline. Results vary by city, format and owner involvement.