39 outlets · 30 cities · Just Waffle It

TBWX vs Waffle Castle. How to Compare

Both are Indian waffle chains. We publish TBWX's numbers below and give you the checklist to get the same answers from Waffle Castle, or any other brand, directly.

TBWX: Rs 4-7L all-in

Published investment range, franchise fee Rs 2 lakh (+18% GST) included. Waffle Castle's current costs: verify on their official channels.

TBWX: 5% royalty + GST

Our published royalty structure, no separate marketing fund. Ask any franchisor for theirs in writing.

TBWX: 38 outlets, 30 cities

Growing via Tier-2/3 franchise expansion. Check any brand's current outlet count on their official pages.

TBWX: 25+ menu items

Waffles, waffle cakes, bubble waffles, savory, and shakes. Check Waffle Castle's current menu directly.

TBWX's published numbers

Investment Rs 4-7 lakhs all-in (exclusive of GST). Franchise fee Rs 2 lakh (+18% GST). Royalty 5% of sales plus GST. Breakeven typically 8-14 months. 38 outlets across 30 cities and 15 states. Most partners run profitable outlets. These are the figures we put in writing — ask us to document any of them during your evaluation.

What to ask Waffle Castle (or any franchisor)

Get the same data points directly from any brand you compare: total investment including deposits and equipment; franchise fee and royalty structure, including any marketing fund; average monthly revenue of a typical outlet, with proof; gross margin after input costs; time to breakeven for recent franchisees; and contact details of 2-3 existing partners you can call. A good franchisor answers all six in writing. We don't quote other brands' numbers here — they aren't ours to publish.

Common Questions

Franchise FAQs for TBWX vs Waffle Castle. How to Compare

TBWX's published range is Rs 4-7 lakh all-in with a Rs 2 lakh franchise fee (+18% GST). Waffle Castle's current investment isn't ours to quote — get it from their official channels and compare the totals like-for-like, including equipment and deposits.
Use the same checklist for both: total investment, fee and royalty structure, documented revenue and margins, time to breakeven, and existing-partner references. Rely on what each brand puts in writing, not on third-party estimates.
25+ items across 7 categories: Belgian waffle sandwiches, bubble waffles, waffle cakes, mini pancakes, shakes, summer coolers and savory. For Waffle Castle's current menu, refer to their official listings and decide which fits your catchment.

Trademark & non-affiliation notice

Brand names referenced on this page are trademarks of their respective owners. The Belgian Waffle Xpress (TBWX) is an independent brand operated by G Square & Company and is not affiliated with, owned by, merged with, a subsidiary of, or related to any of the brands named here. Comparisons exist to help franchise prospects make informed decisions, not to disparage.

Figures cited about other brands are drawn from publicly available sources as of publication date and may be out of date. For current, authoritative information about a named brand, visit the brand directly:

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