Final Up to date:
Arshad Khan, the roadside tea vendor who grew to become an web sensation in 2016, appeared on Shark Tank Pakistan asking for Rs 30 lakh in trade for five % fairness within the enterprise.
The viral chaiwala opened his first rooftop cafe in Islamabad in 2020. (Photograph Credit: YouTube)
Arshad Khan, the roadside tea vendor who grew to become an web sensation in 2016 for his beauty and blue eyes, appeared on the second episode of Shark Tank Pakistan to pitch his model, Cafe Chai Wala. He was joined by his enterprise accomplice, Kazim Hasan, who shared particulars about their model and requested for Rs 1 crore Pakistani rupees (roughly Rs 30 lakh) in trade for five % fairness within the enterprise. The sharks, together with Faisal Aftab, Usman Bashir, Junaid Iqbal, Rabeel Warraich and Romanna Dada, listened intently because the duo pitched their plans. After some powerful negotiation, Kazim and Arshad efficiently secured a cope with Rabeel and Romanna.
Arshad began the pitch by saying, “My image went viral in 2016 and for one and a half to 2 months, I couldn’t perceive what was occurring to me. After I lastly understood, I began modelling and appearing, and started visiting Lahore, Karachi, and Faisalabad. Earlier than this, I had by no means travelled exterior of Lahore or Islamabad. After that, many individuals urged that I open a restaurant. Whereas I used to be working, I had all the time dreamed of opening my very own cafe. After assembly Kazim Hasan Sahab, we had a correct workplace lunch in Islamabad.”
Kasim Hasan shared that in March 2020, they opened their first rooftop cafe in Islamabad. Sadly, resulting from COVID, they relaunched the cafe in October 2020 and it garnered consideration even earlier than its official launch. After asking for 1 Crore Pakistani rupees in trade for a 5 % fairness, he defined their enterprise mannequin, claiming that they promote franchise rights for 35,000 Pakistani rupees (roughly Rs 10,000) and cost a 5 % royalty.
Alternatively, additionally they have a restaurant within the UK, the place franchise charges are between 150,000 and 200,000 kilos (roughly between Rs 1 and a pair of crore). Kazim talked about that every outlet generates over 1000 kilos (roughly Rs 1 lakh) and his imaginative and prescient is to develop shops sooner or later.
Junaid Iqbal was initially impressed by their yearly earnings however determined to exit the deal as a result of he didn’t have a lot data in regards to the hospitality business. Faisal Aftab, then again, additionally discovered the concept of partnering with Arshad Khan interesting, however wasn’t curious about transferring ahead. Rabeel Warraich provided Arshad and Kazim Hasan Rs 1 crore they initially requested, however he raised the fairness from 5 to 24 % resulting from numerous causes. In the meantime, Romanna Dada grew to become keen to affix and provided to accomplice with Rabeel.
Usman Bashir determined to affix Romanna and Rabeel, whereas asking for 30 % fairness. After some negotiation, Kazim requested Usman if he can be curious about buying a grasp franchise for the US. Following extra dialogue, Kazim requested the sharks to decrease their fairness calls for to twenty % however Rabeel and Romanna needed 24 % with the attractive supply to develop their enterprise worldwide. After discussing with Arshad, Kazim agreed to affix palms with the 2 sharks.
