Apna Bazar franchise
2022 filing · July 22, 2022Growing
Apna Bazar at a glance
A South Asian grocery store selling spices, produce, packaged foods and household goods. At the end of 2021 there were 17 Apna Bazar locations in the US, 8 franchised and 9 company-owned, so most are run by the company itself.
The business
- Franchisor
- Apna Franchise LLC
- The company that sells the franchises
- Franchisor based in
- Hicksville, New York
What you pay
- Cost to open
- $1.5M–$3.14M
- A small (5,000 to 6,000 sq. ft.) Apna Bazar store, before real estate
- Franchise fee
- $100,000
- Paid once, when you sign
- Royalty
- 2.5% + minimum
- The greater of $5,000 a month or 2.5% of gross revenues
- Brand fund
- Yes
- 2% of gross revenue if a fund is formed
- Agreement length
- 20 years
- Territory
- None
- No exclusive territory
- Franchisor financing
- None offered
Where it is
- US locations, 2021
- 17
- Franchised and company-owned
- Franchised
- 8
- Company-owned
- 9
- Change in 3 years
- +3
- Franchised locations, 2019–2021
- States
- 7
- Most in New York, California and New Jersey
From Apna Franchise LLC’s 2022 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
Apna Bazar among all franchises with the same figure.
| Figure | Apna Bazar | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $2,321,500 | Costs more than 94% of franchises |
| Franchise feePaid once, when you sign | $100,000 | Higher than 98% of franchises |
| RoyaltyShare of sales paid to the franchisor | 2.5% | Lower than 99% of brands with a set rate |
| US locationsFranchised and company-owned | 17 | Fewer than 53% of franchises |
How much a Apna Bazar franchise costs
Opening a small (5,000 to 6,000 sq. ft.) Apna Bazar store, before real estate costs an estimated $1,500,000 to $3,143,000. That covers the franchise fee and everything else needed to open, through the first months of working capital.
Source: Apna Franchise LLC, 2022 filing, page 16
Apna Bazar franchise fee
The franchise fee is $100,000. You pay it when you sign the franchise agreement.
Source: Apna Franchise LLC, 2022 filing, page 9
Royalty and ongoing fees
| Royalty | The greater of $5,000 a month or 2.5% of gross revenues. |
|---|---|
| Brand or marketing fund | 2% of gross revenue if a fund is formed. |
| Required Minimum Expenditure for Local Advertising | Up to 1% of Gross Revenues |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Apna Franchise LLC, 2022 filing, page 10
Other fees as filed, from page 10. The filing lists every fee, including late fees and audit costs.
Sales and earnings
No figures Apna Bazar does not share sales or profit figures for its locations. Talking to current and former franchise owners is the usual way to learn what a location earns.
Source: Apna Franchise LLC, 2022 filing, page 53
- Estimate Estimated yearly sales per location
- $2M–$3.6M
Estimated from the sales that 292 comparable franchises file, matched on industry, format, cost to open, fees and size.
Growth and closures
Share of franchised locations, 2021 / 2019–2021. Typical means the median: half of brands are above it, half below.
| Measure | Apna Bazar | Typical retail brand | Typical franchise |
|---|---|---|---|
| GrowthNet change in franchised locations | 0% / +60% | −0.4% / 0% | +1.2% / +10% |
| ClosuresTerminated, not renewed or stopped operating | 0% / 20% | 5.4% / 18% | 3.9% / 16% |
| Bought backLocations the franchisor took back | 0% / 0% | 0% / 0% | 0% / 0% |
Typical retail brand is the median of the 114 brands in retail franchises with three years of counts.
How Apna Bazar compares
Of the 302 retail franchises on this site, Apna Bazar is the 298th cheapest to open and the 174th largest by number of locations.
| Figure | Apna Bazar | Typical retail brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $1.5M | $198K | $222K |
| Cost to open, high end | $3.14M | $425K | $477K |
| Franchise fee | $100K | $35K | $40K |
| Royalty | 2.5% | 5.7% | 6% |
| US locations | 17 | 38 | 21 |
| Shares earnings figures | No | 187 of 302 | 2,147 of 3,352 |
Typical is the median across the 302 brands in retail franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned | Opened | Closed |
|---|---|---|---|---|
| 2019 | 6 (+1) | 10 | +2 | −1 |
| 2020 | 8 (+2) | 9 | +2 | 0 |
| 2021 | 8 (0) | 9 | 0 | 0 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: franchise failure rates.
Source: Apna Franchise LLC, 2022 filing, page 54
Where Apna Bazar locations are
At the end of 2021, Apna Bazar had locations in 7 states. The most are in New York, California and New Jersey.
- New York7
- California3
- New Jersey3
- Delaware1
- Kentucky1
- Massachusetts1
| State | Franchised | Company-owned | Total |
|---|---|---|---|
| New York | 2 | 5 | 7 |
| California | 3 | 0 | 3 |
| New Jersey | 0 | 3 | 3 |
| Delaware | 1 | 0 | 1 |
| Kentucky | 1 | 0 | 1 |
| Massachusetts | 1 | 0 | 1 |
| Pennsylvania | 0 | 1 | 1 |
Source: Apna Franchise LLC, 2022 filing, page 55
Who owns Apna Bazar?
Apna Bazar franchises are sold by Apna Franchise LLC. Its filing names no parent company.
From Apna Franchise LLC’s 2022 filing, page 7.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | None. The filing says no litigation has to be disclosed. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: Apna Franchise LLC, 2022 filing, litigation on page 9, bankruptcy on page 9
Apna Bazar filings
The figures on this page come from Apna Franchise LLC’s 2022 filing, issued July 22, 2022, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2022 filing | July 22, 2022 | NASAA depository | Costs, fees and locations, 2019–2021 |
Each link opens the filing as a PDF. See the newest filings across all brands.
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Apna Bazar is also on these lists: food franchises.