Franchise India highlights some lucrative and profitable mid-range franchise business opportunities for a fruitful entrepreneurial journey. Read on to know more...
Establishing a business on a fixed budget is never an easy task for any entrepreneur and franchisee. Since dreaming big on a small budget is a common habit of every other investor, low-cost franchise business opportunities are perfect solutions to such investors.
Making sale with the lowest margins and later parlaying the profits into the next levels are some success mantras for any existing and aspiring mid-range franchise business.
So, if money is the problem, franchisees could consider some of the below-mentioned mid-range franchise business ideas that could help them emerge as successful firms in their respective fields.
Quick Service Restaurant (QSR)
Unlike any other businesses, QSR comes up with low investment in the initial stages that eventually grows with time in terms of profits as well as investment. According to an analysis by apex industry body Associated Chambers of Commerce and Industry of India (ASSOCHAM), the QSR sector in India is currently growing at a compounded annual growth rate (CAGR) of 25%, expected to triple its existence in India in terms of revenues and sales by 2020.
Brands like The Rollin’ Dough, Kingdom of Momos, Kathi Express are already dominating the domestic QSR market with more brands expected to come up in the near future.
Mentioned below are some QSR franchising facts for aspiring franchisees:
Tour Packages’ Franchise
India is now one among the top travel destinations worldwide that have witnessed a boom in the recent time. Customer’s changing habits along with their desire for the ultimate wanderlust has made this industry a ripe one for all aspiring entrepreneurs and franchisees.
Firms like MakyMyTrip and Bonton Holidays are already dominating the domestic market with their franchising models, offering great services to their customers. Thus, if money is restricting you from achieving big, consider investing in a travel agency franchise that could prove to be fruitful in the near future.
Mentioned below are some tour packages’ franchising facts that could be informative for new investors:
In today’s time, one can easily find breakfast, tea joints and cafés in cities since they are almost always occupied with customers. Investors are realising that food as a commodity is assumed to do great, especially in a competitive market like India. All one needs to do is to invest the required amount for acquiring a café franchise, along with getting the right paperwork done, like permits from respective authorities.
Being a mid-range business opportunity, it allows both the franchisees and entrepreneurs to focus on the rest of the budgets that might include groceries, staff management, renting of the space, and other raw materials. Thus, if you are looking for a great mid-range business opportunity such as a franchisee, investing in a café could well be the solution.
Mentioned below are some breakfast joint franchising details that might be informative for aspiring franchisees: