Looking for a low-cost business idea? Invest in these franchise opportunities below 10 lakhs
Franchise business is rapidly gaining its pace in the business world. It helps in both the franchisee and the franchisor in achieving their individual goals, that too in totally different ways. This is why millions and millions of new entrepreneurs are opting a franchise model instead of starting a business afresh.
However, it’s a common misconception that franchise business requires a huge amount of investment. In fact, franchising is the most feasible and profitable form of business opportunity. One can find a franchise starting from 1 lakh and may also range up to 1 Crore. So, even if you have a low-budget, you can undoubtedly start a profitable franchise business. Here are top 10 franchise business opportunities under 10 lakhs.
Courier & delivery
The Indian logistics market is riding high on growth tide. The sector has grown impeccably, owing to the rise of e-commerce. Currently, every organization use logistics & is in relation to customer satisfaction through cost minimization and quality service delivery. The logistics industry is expected to grow annually at a rate of 15- 20 per cent. Enjoy benefits of this ever-growing industry by investing various courier and delivery franchise opportunities such as Inxpress, that too under 10 lakhs!
Enough has been said about Pre-school industry, which ensures that it is one of the most profitable franchise opportunities in today’s time. In today’s competitive world, parents being more concerned about their child’s education and want to provide them with quality learning right from the kindergarten age, and are willing to shed extra money for that.
The demand for pre-schools has created a profitable market for the franchises not only in urban but also in rural areas. There are various pre-school brands offering franchise within 10 lakhs such as Cambridge Montessori, Wow Kidz, DPS Global Playschool etc.
Wraps & Rolls
Wraps & Rolls have become widely popular as convenience food and can be consumed on-the-go. Consumers prefer to eat wraps at any time of the day, but mostly it is ordered as a healthy lunch & evening snacks option. A wrap & rolls brand sells more than 300 wraps per day and tends to gain an average profit of INR 25000 per day. One can earn high profits with a small investment of 10 lakhs. There are various low-cost wraps and roll brand offering franchise such as Kathi Junction, Rollacosta, Kathi Express etc.
The beauty sector is an ever-growing industry and is often referred to as a recession-proof industry. It’s a billion-dollar industry and is rapidly growing at 15-20% annually. With the rising income level, working women population & changes in lifestyle have provided the necessary boost to the industry
As long as there are human beings, everybody needs to go to the salon. Everyone wants to be well-groomed and look good. Thus, the industry has a great future. Although salon franchises fall under high investment category, however, there are few brands like Louis Unisex Salon, Studio99 offering franchise opportunity under 10 lakhs.
Gifting is an evergreen industry. The gifting industry in India has registered strong growth over the past decade thanks to rising income levels, innovation, and e-commerce. The gifting potential of Indian consumers is quite high.
Today, the concept of personalised gifting has gradually evolved with an increasing number of millennials being inclined toward personalised gifting – both for corporate and personal gifting. Thus, a gifting franchise is a viable business opportunity in today’s time. Brands such as Ferns n Petals are offering franchise to aspiring entrepreneurs.
As it’s usually said, “Ice-cream solves everything”, it is also your solution to a low-cost franchise option. Ice-cream is the most enjoyed dessert all over the world and of all age groups. The ice-cream market in India has witnessed a substantial evolution in the last decade. From being considered as an indulgence to being considered as a snacking option, the ice-cream industry in India has grown remarkably. Thus, it is undoubtedly an amazing franchise opportunity with low investment and less carpet area. You can get franchise of famous brands such as Giani’s with investment starting from 10 lakhs and other brands like Gelato Vinto & Teddy’s.
Well, what more can we say about the electric vehicle industry, it’s the most trending industry right now! India is currently heading towards an electrifying future, and electric vehicles will form 7% of the new car sales in India by 2030.
In an endeavour to push for electric mobility, the government has lowered the GST rate on Electric vehicles to 5 per cent from 12 per cent and has made EVs affordable for consumers with additional income -tax deduction. The government has also mandated that all new three-wheelers sold in the country should be fully electric starting from 2023, and two-wheelers below 150 cc engine, from 2025. Thus, starting an electric vehicle franchise can be highly profitable for you. Brands such as Gayatri Electric Vehicle is offering EV franchise under 10 lakhs.
Juice & Shakes Lounge
The juice & shakes industry is brimming in India. With people becoming more health-conscious, juice and shakes shop are increasingly in demand. To capitalize on this lucrative business opportunity, you just need invest in a juice & shakes franchise and spend on location. Other than this, you just need to invest in raw materials and machines for making juice and shakes. The juice & shake market is estimated to grow at a rate of 25%-30%. Many famous brands are offering franchises under 10 lakhs, such as London Shakes, Juice Lounge etc.
Knowledge knows no boundaries. In a country growing rapidly in terms of technology and employment, you might get placed anywhere in the world. It is always beneficial to learn 2 or 3 languages to sustain in different geographical locations with people of various cultures and languages. As an entrepreneur, you should consider opening a language school franchise as it one of profitable business in the education industry. Franchise brand like The British Institute, English Pillars are offering franchises under 10 lakhs.
Healthcare business will never cease to be in demand. The most simple and easy way to venture in the healthcare industry is, to begin with, taking a pharmacy franchise. It is one of the most flourishing and productive franchises in the healthcare industry today. Brand name & trust are an important factor for success in the healthcare industry, taking up a pharmacy franchise offers both, also these stores have daily use products with them as well. Consider investing to brands like Care Pharmacy, Sanjivani etc.