Top 10 Best Franchise Business Opportunities in India
Today many people are searching for good business opportunities. They don’t want to be a paid employee but want freedom to do their business in their own style. However, one is not sure whether the business identified would be successful or not. Obtaining franchise is one such thing which suits best to the beginners in such case. What is Franchise Business in India? How to find potential Franchise Business Opportunity in India? Which are the top 10 Best Franchise Opportunities in India one can start and successful in business?
What is Franchise Business?
A franchise is a type of license that a party (franchisee) acquires to allow them to have access to a business’s (the franchiser) proprietary knowledge, processes and trademarks for a given period of time. It allows the party to sell a product or provide a service under the business’s name. In other words, it is an arrangement in which the franchiser grants the franchisee the right to use its trade-mark or trade-name as well as some business systems to sell a product or service.
The risk and investment involved in such type of business is very low and you attain the rights to use well-established business model and systems. There is no need to do the marketing also as it is the job of parent company.
What are the disadvantage of Franchise Business?
You are required to satisfy business terms and conditions with sincerity.
You need to share business profit with the franchisor.
The control of parent company is quite high.
The royalty fee for some company is really elevated.
How to pick-up potential business idea for Franchise in India?
There are few points that have to be kept in mind while picking up the potential business idea for a franchise:
1) Category of business
Select a category of business very meticulously. There are a number of categories available like food joints, retail chain store, eatables, skill development, etc. One needs to select a business keeping in mind his own interest and the demand for the product in a particular market.
2) Brand name
Brand name plays a vital role in the success of business as it definitely carries a value with it. A recognized and renowned brand name is readily taken by the public.
3) Investment required
Another important aspect of obtaining a franchise is the investment involved. One must avoid too high investment in franchise business.
The breakeven time of money invested should be less than a year. One should start earning profit as quickly as possible.
5) Expansion plan
One must also think of the expansion prospects of the business in the future. The franchise must have good future expansion plans.
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Top 10 Best Franchise Opportunities in India
Here the few ideas of franchise with low investment in India.
1) Dr. Batras Franchise Opportunity
This franchise is from healthcare and wellbeing segment. It requires an investment of around Rs 20-30 lakh. The break-even point of this business is one year and you need around 400 q. feet of space to start this business.
2) DTDC Franchise Opportunity
It is a famous brand name in the courier segment. The franchise is available with an investment of as low as Rs 1.5 lakh. Breakeven of this business is very quick and you need a very small space to start this courier company. With the increasing trend of e-commerce, the future of this segment seems to be very bright.
3) SmartSchool Junion Franchise Opportunity
SmartSchool Junior Preschool is India’s most advanced and the most affordable preschool to start with. With lowest most investment and world standard curriculum, no doubt it is the fastest growing preschool chain in INDIA. With SmartSchool Junior, you would get an opportunity to run 4 profitable businesses in the same location, a never seen phenomenon in the preschool business. You need Rs 2 to Rs 5 Lakhs of investment and 1,000 to 2,500 Sqft of area to start this business.
4) Kidzee Franchise Opportunity
This is a franchise of pre-school for kids. If one is interested in child education sector, then this is a good option for him. It requires an investment of Rs. 10lakh and a place of about 300 sq. feet.
5) SMC Global Securities Franchise Opportunity
It is one of the best equity broking house in India offering Online trading, depository, IPO, Mutual Funds, Corp Deposits, Insurance broking etc., One need an investment of Rs 2 Lakh to Rs 5 Lakhs and a minimum space of 500 Sq feet to start this Franchise business.
6) Café Udupi Ruchi Franchise Opportunity
Café Udupi Ruchi, is a restaurant which will provide the guests with Tasty, Healthy Vegetarian food. It is the World’s First Indian Veg Cuisine Quick Service Restaurant (QSR) based on a unique concept, offering wide range of Indian Veg cuisine food. It serves from Breakfast to Dinner including South, North Indian and Continental Fusion.The uniqueness of the restaurant is that, it operates on the Easy To Cook mixes, completely developed and manufactured by Sri Family. All these mixes are manufactured at ISO 22000 certified premises, with FSSAI approved ingredients, by taking utmost care and love for the guests (the end user) to relish and cherish. Our mixes are 100% Natural, Free from all Artificial Preservatives, Colours, Flavouring substances.
You need to invest for Rs 20 to Rs 30 Lakhs and should have 70 to 4,500 Square feets.
7) Jawed Habib Franchise Opportunity
You can also take a salon franchise from Jawed Habib. It is a well-established brand in beauty products and services. You just need to have Rs.5-10 lakh and a place of 600 sq feet to start this business.
8) First cry Franchise Opportunity
It is a popular brand name in the field of kids clothing and kids items. One can obtain its franchise with a cost of 10-15 lakh and a place of 1000 sq. feet. You can start earning money from this business right from the beginning.
9) Khadims Franchise Opportunity
Khadims is a renowned footwear brand. One needs to invest Rs. 25 lakh to start this business.
10) Lenskart Franchise Opportunity
It is in the optical business. You need to invest Rs. 20-30 lakh to attain its franchise. The minimum space required for this is 1000 sq. feet.
Conclusion: The above may not be comprehensive. However this article has few franchise business ideas for start-ups for new beginners to initiate their own business. The field of franchise must be chosen very carefully after making a proper survey about the demand of the product.
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Top 10 Best Franchise Opportunities in India