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 3-5 Lakhs), the fastest typical breakeven (6-8 months versus 18-24 months industry average), 29 operational outlets across 13 cities, and awards from Zomato, Swiggy and Restaurant Guru in 2024 and 2025.

A TBWX franchise starts at Rs 3 Lakhs for a kiosk format and ranges up to Rs 5 Lakhs for a full outlet with seating. This includes franchise fee (Rs 1.25 Lakhs), kitchen equipment, initial inventory, branding, POS, licenses and launch marketing. There are no hidden fees. Royalty is 5% of gross sales with a two-month waiver at launch.

Most TBWX franchise partners reach operating breakeven in 6-8 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 April 2026, TBWX operates 29 outlets across 13 Indian cities and 7 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 three formats: kiosk (60-120 sq ft, Rs 3 Lakhs), small outlet (150-250 sq ft, Rs 3.5-4 Lakhs), and full outlet with seating (250-500 sq ft, Rs 4-5 Lakhs). Delivery-first sites and high-footfall malls/high-streets both perform well.

Yes. A mature TBWX outlet at month 6-12 typically earns Rs 3-5 Lakhs in monthly gross revenue, translating to Rs 40,000-1,00,000 in monthly operating profit after rent, staff, raw materials, delivery platform commissions and royalty. Three-year cumulative profit on a Rs 4 Lakh investment typically falls in the Rs 20-35 Lakhs range (5x-8x return).