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Best Restaurant Franchise in India – List of Top 10 Restaurant Franchise to Buy

January 17, 2021

This article discusses about the Best Restaurant Franchise available in India. India is a land of foodies who love to taste a wide variety of cuisines. People get here plenty of options for restaurants in every small and big city....

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Best Pizza Franchise in India – List of Top 10 Pizza Franchise to Buy

January 16, 2021

Find out the list of Best Pizza Franchise in India. Pizza is a favorite of kids, teens, and even adults. This savory Italian dish has attracted the attention of almost every Indian citizen. Therefore, having a Pizza Franchise can be...

Best Franchise

Best Bakery Franchise in India – List of Top 10 Bakery & Confectionery Franchise to buy

January 16, 2021

Check out the Best Bakery & Confectionery Franchise in India Cakes, pastries, donuts, and other baked food items are a favorite of almost every India. These items help in refreshing a person’s mood with the first bite. Therefore, having a...

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Best Tea & Coffee Franchise in India – List of Top 10 Cafe Franchise to Buy

January 17, 2021

As the topic suggests, this article discusses about the Best Tea & Coffee Franchise in India. Tea and coffee are two of the most preferred beverages across the world. A common saying goes that a lot can happen over tea...

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Best Jewelry Franchise in India – List of Top 10 Jewelry Franchise to buy

January 23, 2021

This article will highlight the Top 10 Jewelry Franchise in India that has recorded the highest popularity. Jewelry is said to be a woman’s best friend as she prefers investing a lot of money in buying it. Gold, silver, diamond, and platinum...

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Best Juice & Smoothies Franchise in India – List of Top 10 Juice Franchise to buy

January 23, 2021

This article will enlighten readers on the Top 10 Juice & Smoothies Franchise in India. Juice & Smoothie bar is a profitable business option that can yield a high amount of return in a short time. More and more business owners are...

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Best Rolls & Wraps Franchise in India – List of Top 10 Rolls Franchise to buy

January 23, 2021

This article shall bring forth the Best Rolls & Wraps Franchise in India to help investors chose wisely. Many shop owners are also introducing innovative rolls and wraps to attract food-loving customers. Various types of rolls are available in this...

Best Franchise

Best Fast Food Franchise in India – List of Top 10 Fast Food Franchise to Buy

January 26, 2021

This article will throw light on the Best Fast Food Franchise in India, creating a buzz amongst investors. The craze for fast food is unmatchable in a country like India, having a population of over a billion. With such high...

Best Franchise

Best Clothing Franchise in India – List of Top 10 Clothing Franchise to buy

January 26, 2021

This article brings forth the 10 Best Clothing Franchise that are doing great in the Indian market. Clothes and fashion go hand in hand, and thus, clothing brands and stores always manage to attract a huge customer base. Almost all top fashion...

Best Franchise

Best Play School Franchise in India – List of Top 10 Preschool Franchise to buy

January 26, 2021

This article will enlighten readers on the Best Play School Franchise in India that have made a prominent mark in the model. Today, the concept of playschool is highly prevalent throughout the world. Indians are also adopting this concept fast,...

Best Franchise

Best Ice Cream Franchise in India – List of Top 10 Ice-Cream Franchise to Buy

January 26, 2021

This article will discuss with readers about the Top 10 Ice Cream Franchise in India that yield high returns on investments. Ice cream is a favorite dessert of almost every individual, irrespective of their age. This dessert is available in various flavors...

Best Franchise

Best Pharma Franchise in India – List of Top 10 Pharma Franchise to buy

March 29, 2021

In this article, investors will learn about Best Pharma Franchise in India to help them choose wisely. Pharmacies are crucial to help human beings survive since, without medicines, a man can collapse any day. Medicine shops, big or small, are...

Franchise Business in India

As per different reports and studies by national and international organizations, Franchise Opportunities are growing rapidly in India.

As per those reports, there were more than 6000 franchisors and close to 2.5 lakhs of franchisees around 2021, and the number has been growing very quickly.

What is a Franchise ? or Franchise Meaning

Franchise business refers to a business model where multiple people take part ownership of an already well-known business or brand, generate revenue for the main business, and get a share of the same revenue. For example, KFC has multiple outlets, and these are franchises.

So, there is one KFC where people purchase franchise rights from the company to use the company’s name, brand value, and services and products to generate business for KFC and get a portion of the revenue as their share.

Here the brand owner is the franchisor, who sells the franchise right, and the person buying the same and selling the products and services of the business for a share of revenue is the franchisee.

You must be wondering what a franchise business is, and if you know what it is, you want to know how it works and how you can start it.

So, here in this article, we will guide you on how a franchise business works, how you can start one and the requirements, how much you can earn, and other different factors you need to know before diving into the franchise world.

How does a Franchise Business work?

If you are wondering how Franchise Business in India works, then it is quite simple. Suppose there is a popular business entity that everyone is aware of and wants to expand their business in different parts of the country. They offer franchise opportunities to people who want to invest and buy the franchise right.

Once you buy the franchise right, you can sell the products and services offered by the main business. They will also offer you support and training for selling their business products and services.

Now, once you start generating revenue for the business house, they will share a percentage of your revenue with you. So, this way, both the business entity and your business grow.

However, there are different models for Franchises in India, and accordingly, they work. These are discussed in the next section of the article.

Business Models in Franchise India

There are two different models for India’s Franchise Business –

Single-unit Franchise

When a franchisee opens one single franchise, it is the single-unit franchise model. There can be other franchises of the same business in the same city or town that compete with each other.

Master Franchise

Suppose the franchisee has complete control over an area or city and is the only franchise of a particular business selling all the products and services across the area or a region.

In that case, it is known as the Master franchise business model. Here, there is no other competition for the franchisee in that region.

Apart from these, there are 2 more models that provide more options in this business.

FOFO Model

A FOFO Model is also known as a Franchise owned & Franchise operated model, where the franchisee owns the business & also the franchisee runs it.

The Franchisor here only provides outside support to the Franchise Owner. The Franchisee itself runs all operations. In this model, the Franchisee keeps most of the Revenue Share.

FOCO Model

A FOCO Model is also known as a Franchise owned & Company operated model where the business is owned & invested by the franchisee, but the franchisor or the Brand runs it.

Here the Franchisor takes care of all operations of the business along with marketing & other necessary works required to grow the franchise business.

The franchisee only invests and takes some part of the revenue sharing. Here, the majority of the Revenue is kept by the Franchisor.

Benefits of Franchise Business

The franchise business has witnessed around 30% to 35% growth in the past five years. As per the number of franchisors, and franchisees, India comes second in franchise business opportunities after the USA.

Around 1.8% of the GDP comes from franchise business while the figure is estimated to grow to 4% in 2022. The reason behind this huge growth is as follows –

  • There are hundreds of Best Franchise Businesses in India. You can open any of them as per your investment budget, business goals, and the sector you have experience in. Every sector has a franchise, especially in the food business, stock broking, medical equipment, and others.
  • There are many Low Investment Franchise businesses in India. If you consider a stock broking franchise, you can start with just Rs. 2 lakhs to Rs. 3 lakhs.
  • A franchise business helps build an independent business where you are the boss.
  • Franchisors are always there to guide and provide multiple support to build your business, so even if you are a new entrepreneur, you have a guiding hand upon you.
  • You get popularity in your business as most of the franchisors in India to have huge brand value.

How to find the right Franchise Opportunities in India?

To find the right and Latest Franchise Opportunities in India, you have to –

  • Research the new franchise opportunities that are open in the market
  • Identify the potential franchisors and brand companies
  • Then match whether you qualify their eligibility criteria or not
  • If you are eligible for becoming a franchisee of a business, then apply for the opportunity
  • Wait for the call and the interview.
  • Build a business plan in the meantime to impress the franchisors
  • If your business plan is accepted and your profile is selected for the franchise opportunity, then you will be provided with the franchise disclosure documents, which you need to go through thoroughly and understand the clauses
  • If both parties accept all the clauses, then you can assign the agreement and venture into the franchise business.

FranchiseByte provides Top Franchise Opportunities in India

FranchiseByte is your one stop solution for any type of Franchise Business Opportunity in India.

You can find details about Top Franchise Brands & connect with your favorite companies & Start your own business with them.

We will help you set up meetings with these Best Franchise Brands & we will also take care of any issues you might encounter during the agreement process.

FranchiseByte.com will help you in every step of the Franchise Agreement process.

During your Franchise hunt phase, we recommend the Best Franchise Opportunities in India. We will also guide you as per your preference & most suitable franchise brands.

We charge a minimal amount of Rs.299 for our Trail plan. If you are happy with our service, you can upgrade to our Standard Plan or Pro Plan, which are available for just Rs.999 & Rs.2,999, respectively.

With our Pro plan, we provide a plethora of services to our clients & we ensure that you find your ideal business, which will help you build a profitable venture.

 

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