The best part about franchising is that there are risks but not as high as in an independent business venture. Read on...
Being a low-risk business model, franchise system is often chosen by the entrepreneurs who wish to expand in other regions in a short span of time. Other than being a low-risk model, franchise system is also an effective tool for entrepreneurs who possess less investment yet aspire to build a business of their own.
The best part about franchising is that there are risks but not as high as in an independent business venture. Therefore, low-budget businesses could be started as profitable franchises of bigger player that already exist in the market. Here is a list of five profitable franchises that could be started in less than Rs 25 lakhs.
Once being largely dominated by unorganised market, the concept of juice bars have now imbibed sophistication and are becoming what we call a ‘juice lounge’. There are a lot of juice lounges that are making the market more organised. Juice lounge franchises are an easy investment of about Rs 10-15 lakhs for an area of 250-800 sq ft, which can also be operated on a kiosk model and can cost you around Rs 9-12 lakhs for an area of 80-250 sq ft.
Popularly known as the ‘business on wheels’, the concept of service truck is gaining a lot of popularity in the business world. There are so many business ideas that are showcasing their business skills on the vans and trucks. Be it the concept of food trucks, dog groomers or hairstyling, entrepreneurs are opting for such a trendy and low-cost but effective business model. It’s the mobility of the concept that is making it a low cost venture and keeps the overheads of the company very low.
Talking about the investment for this concept, a food truck can be started in around Rs 5-10 lakhs, while a dog grooming truck and hairstyling truck will cost you around Rs 5-7 lakhs.
Nail Art Salon
With a variety of styles coming in the market, nail art is gaining a lot of popularity among the millennial, thereby giving the market a spectacular growth. The nail art segment is one of the fastest growing markets in the beauty sector and is poised to grow multifold in the coming years. With a minimal amount of investment requirement, the nail art segment is growing and entrepreneurs are taking up the franchising option for better growth and expansion. A nail art salon could be started in an investment of about Rs 5-6 lakhs for an area of 500-600 sq ft.
A shoe mending business usually specializes in restoring high-quality footwear by replacing the elements of the footwear that are damaged (heels and soles), worn and has been discolored due to exposure to various elements (sunlight, dirt, excessive usage etc). A shoe mending franchise is a low-cost business idea that can help you in achieving monetary gains for sure. The investment required in a shoe mending franchise is just Rs 5-7 lakhs for an area of 300-400 sq ft.
Pest control is yet another business idea that is burgeoning and is proved to be low-cost. The infestations of bugs and pests are extremely unhygienic and intolerant in domestic setups as well as in commercial setups. As consumer awareness and the need for hygienic environment is increasing, the demand for such services is rising. Pest control franchises provide better option for business aspirants to get introduced in the world of entrepreneurship in less investment. For a pest control franchise, one has to invest a minimal amount of Rs 2-5 lakhs for an area of 200 sq ft.