THE HIGHS OF LOW-COST FRANCHISE

WELCOME to the world of low-cost franchise opportunities. Any investor starting is bound to have apprehensions about the success of his venture. In such a scenario, he would like to start small and with minimal risk. And what could be a better option than to invest in a low-cost franchise set up? Rather, it's the best business bet he can ever indulge in.

Now if you are wondering what low cost implies, we have bracketed the investment group. The franchise businesses with the initial investment between Rs 50,000 to Rs 10 lakh is a low-cost business. We have handpicked many such low-cost opportunities for you in this section. Scores of opportunities in low-cost franchise set up has made it easier for an entrepreneur to nurture his entrepreneurial dream.

After the success of low-cost businesses internationally in the tried and tested model of franchise, most of the budding entrepreneurs are replicating it in India now. Of all the opportunities, kiosk and carts top the charts in the low-cost models. As compared to other high investment business models, kiosks and carts are an apt option for an entrepreneur, as they are low in risk and high in profits. To operate a business through kiosk or cart, a potential franchisee needs to invest Rs 25,000 to Rs 3 lakh in an area of two to 25 sq. ft.

Due to the bountiful benefits that this format provides, franchisors pan-India are offering this low-risk success formula to their franchisees. Out of all the sectors, Food & Beverage industry tops the priority list followed by consumer services and education and training industry and a few others.

Here are a few benefits of buying a low-cost franchising business:

Meager investment: For a low-cost franchise set-up, you don't even have to bother about applying for a loan from bank or asking money from any one else. A little investment from your savings can sail you through.

Easy to launch: As compared to other business set-ups, a low-cost franchise business model saves you from the hassles of initial set-up, ambience and sourcing.

Sound record: Taking up the franchise of a well-known brand leaves you with no worries about whether the business concept will be successful or not.

Good recognition: Getting franchise of a well-known brand is like getting an extra scoop of icing on the cake. Most of the novel business concepts take multiple years to be popular and successful but there is nothing like that in any low-cost franchise opportunities. The brand is already popular.

However, a word of caution here. Don't get carried away by low cost. The rewards of a low-cost franchise are manifold but one cannot steer clear of the challenges a franchisee faces. Most of the franchisees operating through low-cost franchise models face the problem of reduced lock-in period and high rentals. It's always advisable to be aware of the challenges involved in a low -cost franchise. The areas of doing business are unlimited too. You can pick any business where your interest lies, be it .F&B, consumer services, business services and education and training. Grab any and discover the exciting benefits of owning a low-cost franchise business.

Comment