Franchise Business-We’ve produced a list of the top 20 franchise firms in India to help you choose the best investment opportunity.
Myth: Starting a franchise business in India will cost you millions of dollars.
The truth is that anyone can start a franchise business for less than a million dollars.
If you work hard, you can generate a limitless profit in a short period of time in business. In modern times, India is one of the most important commercial and economic hubs among South Asian countries, and many multinational companies are flocking to the country with numerous franchise opportunities.
Franchises assist corporations expanding their footprints in India, and they also play an important part in the country’s economic development by creating additional jobs. This is one of the reasons why people are looking at franchise opportunities in India.
People look for company ideas, but they are unsure whether their venture will be successful, so they are hesitant to take a chance. However, the risk component is lower in a franchise firm because you have a well-established brand business strategy.
The following are some of the main advantages of opening a franchise business in India:
.Reduced operating costs
.Local Business Expertise
.Expansion in a Hurry
.Branding
.Technical know-how and training
.Franchisees face less risk.
.Simple access to capital
These are some of the advantages of a franchise business. Want to discover some of the disadvantages that may befall you?
Disadvantages of franchising:
1.Strategy for a Limited Exit
2.Expensive Investment
3.Greater influence over the parent firm
4.A portion of profits must be shared with the parent company.
5.Strict Operations Regulations
These are some of the advantages and disadvantages of the franchising business. Let us now inform you about some of the greatest franchise businesses in India, which we have chosen after extensive study.
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India’s Top 7 Franchise Businesses
1) Patanjali’s Yoga
For a few years now, it has become a trusted and famous Indian brand. This is one brand that has generated more than 200 crores in income. This company was formed in 2006 by Baba Ramdev and Acharya Balkishan.
The company’s early product lines were herbal and Ayurvedic goods. Patanjali expanded its company into other areas after achieving remarkable success in this arena, including beauty products, health care, personal care, food items, and much more.
It has evolved into one of the most value-added goods in the FMCG industry. For taking its franchise, you would require a minimum area space of 500 Sq Ft and a minimum investment of 7 lakhs, which you can transcend depending on your budget. You can make a lot of money by becoming a franchisee because it has become a dependable and cost-effective brand in just a few years.
2) Domino’s Pizza
It is one of the most well-known pizza businesses in the country, with over 500 locations in various Indian states. It was founded in 1960 and has since grown to become the leading and largest brand for pizza delivery services.
You’d be surprised to learn that it has over 1 million customers in more than 70 countries, including India. Apart from pizza, it also serves pasta, garlic bread, chicken wings, and a variety of other delectable foods.
It is available in over 120 cities in India, and it is owned by Jubilant Food Works Limited, thus if you want to take the franchise, you must be a partner with them. To obtain a franchise, you must have a minimum space of 1500 Sq Ft and a minimum investment of 30 lakhs.
The main advantage of this franchise is that it is a well-known brand, and people enjoy its taste; hence, there are excellent chances of making a high profit.
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3) The Archies
This firm has a network of over 500 national and international locations since it is a well-known brand that sells greeting cards, personalised presents, artwork, and other similar items. Since 1979, its products have won the hearts of millions of people.
They feature a wide selection of one-of-a-kind gifts for anniversaries, birthdays, mother’s day, valentine’s day, farewell, and other special occasions. As a result, creating an Archies store can be a profitable business for you because it does not require a large workforce and can be started with a floor size of 500 Sq Ft.
For inventories, design, music, and other similar accessories, an investment of roughly 12 lakhs is required. You can earn a considerable amount of money from it each month, ranging from 25% to 30%.
As a result, if you enjoy the arts and are creative, this could be a perfect franchise business for you, as you will be able to demonstrate your creativity while also giving others a great idea for buying gifts for their loved ones.
4) PMKVY Franchisorship
It is the flagship scheme of the Ministry of Skill Development and Entrepreneurship, which was established in 2015 by our current Prime Minister, Mr. Narendra Modi. The goal of this initiative was to help India’s youth develop various talents.
The primary goal of this skill certification plan is to enable a large number of Indian residents to participate in industry-related skill-based training that will help them earn a better living.
Its primary goal is to boost the employment rate from 5% in 2014 to 10% by 2020. If you desire to pursue an education or skill-based training, you could consider joining PMKVY (Pradhan Mantri Kushan Vikas Yojana).
This scheme has a four-year term and a four-year goal of skill development for more than one crore youth. It also provides specific provisions for exceptional candidates, such as residential training.
5) Kentucky Fried Chicken
KFC is an abbreviation for Kentucky Fried Chicken, which was founded in the United States in 1939. With over 20,000 branches worldwide, it has become a well-known entity all over the world. It operates in over 115 countries, making it one of the largest restaurant corporations in the world, and it is rated 201 on the Fortune 500 list.
They sell chicken, non-vegetarian and vegetarian snacks, as well as other cuisine items such as a burger and cool drinks. Every day, it serves over 12 million customers, which is a massive quantity. People appreciate its taste and have faith in its quality, so acquiring a franchise can be really beneficial.
If you have a minimum floor area of 500 Sq Ft, a minimum investment of Rs.50 Lakhs, and your own premises in a decent location, this could be one of the greatest franchise enterprises for you.
6) The First Cry
It is one of the most well-known children’s and infant brands, specialising in children’s clothing and accessories. This business has a lot of promise because the investment is low and the rewards are big. They offer high-quality children’s clothing at a lesser cost, as well as the option of purchasing online.
People trust their products because many people prefer Firstcry over other brands, therefore being a franchisee can be very helpful for you because people do not enjoy sacrificing when it comes to their children.
It is one of the most well-known children’s and infant brands, specialising in children’s clothing and accessories. This business has a lot of promise because the investment is low and the rewards are big. They offer high-quality children’s clothing at a lesser cost, as well as the option of purchasing online.
People trust their products because many people prefer Firstcry over other brands, therefore being a franchisee can be very helpful for you because people do not enjoy sacrificing when it comes to their children.
7.)Lenskart
This company provides optical lenses, sunglasses, eyeglasses, and frames for people of all ages and is regarded as one of the fastest-growing businesses in the world. It has been immensely popular in India in a few years and has stores in over 1000 places since its inception in 2010.
They provide a wide range of options and variety, making them the first choice of consumers looking for optical or lenses. They founded this company to provide individuals with affordable vision. Another significant feature of Lenskart is that they have a unique programme for women who want to open a franchise.
You would require a minimum capital of Rs.30 lakhs and a minimum area space of 300 Sq Ft to take its franchise. It would be ideal if you opened it near clinics, malls, or any optical store.
