Are you an aspiring entrepreneur? Read this article as here we unveil the best franchise business ideas to own in India.
Franchising is known to be one of the most productive models of business and the concept has recently caught fire in almost all sectors of the Indian economy. According to recent reports, India is home to around 1.5 lakh franchisees and 4,600 franchisers operating in the country; and the Indian franchising industry is about to reach USD 140-150 billion in the coming years.
Franchising has been the buzzword since only a few years ago and is a lucrative option to start with for a new entrepreneur. Many of the aspiring entrepreneurs are opting for a franchise business model due to the enormous advantages it has.
Are you an aspiring entrepreneur too? Then, read this article as here we unveil the best franchise business ideas to own in India.
Food & Beverage Franchise
With increased purchasing power and willingness to eat out, consumers of F&B industry are quite forthcoming towards fast food companies such as ‘Dominos’, ‘BurgerKing’, ‘Starbucks’ etc. These biggies of F&B industry are tried and tested by various other countries and are already well established brands. This is one of the major reasons why franchising in F&B industry is lucrative. Food is something that cannot be compromised with either on quality or budget. A restaurant that has been tried, tested and recognised is likely to get more customers than a newly established place.
However, there is a variety of food and beverage franchising such as pizzerias, burger joints, bakeries, ice cream parlors, restaurants and many others.
Beauty & Wellness Franchise
The Indian beauty and wellness industry is witnessing a steady growth due to various beauty and fitness trends. Whether it’s about self-grooming, which has now become an indispensible part of today’s culture, or fitness that has made every individual concerned about their health, there is a great scope in beauty and wellness industry.
Franchising opportunities in cosmetics, salons, spas, yoga studios, fitness centres, ayurveda, pharmaceuticals, personal care, hospitals, clinics, and many others, could help you venture into the beauty and wellness sector.
Education and Training Franchise
With around 40% of the population that consists of school-goers, India is one of the most favourable countries to start an education business. In India, there are various schools and other institutions which operate on a franchising model such as Kidzee, Eurokids, and Seth MR Jaipuria Schools, etc. Franchising in the education sector is quite a lucrative business opportunity in India.
Starting your own school requires a huge amount of capital, and investing this much amount of capital could be risky. Franchising lowers down the risks involved in a business as franchisors are the sole owners and provides capital to establish a franchise.
Transportation is among the basic infrastructure that is required to live in any country. Whether it’s about movement of living beings from one place to another or about carrying out different operations such as product delivery, transportation of raw materials for other industries, automobiles are very much in demand.
The automobile industry has also gone through various technological interventions, and has paved the way for development of various small scale businesses including painting jobs, car-washing, service centres, manufacturing units, etc. This sector has a lot of scope and could be operated on a franchising model.