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Best Play School Franchise in India – List of Top 10 Preschool Franchise of 2023

February 2, 2023

This article will help readers understand the Best Play School Franchise in India that has made a prominent mark in the model. India’s preschool market is on the boom. With more parents turning super-concerned for the early growth of their...

Best Franchise

Best Tea & Coffee Franchise in India – List of Top 10 Tea & Coffee Franchise of 2023

February 2, 2023

As the topic suggests, this article discusses about the Best Tea & Coffee Franchise in India. In a traditionally tea-loving country, the odds are ten times higher for brands in the Indian hot beverage industry compared to the rest of...

Best Franchise

Best Pharma Franchise in India – List of Top 10 Pharmacy Franchise of 2023

February 1, 2023

In this article, investors will learn about Best Pharma Franchise in India to help them choose wisely. The Indian pharmaceutical industry has a good standing in the international market. Most developed economies, such as the United Kingdom, the United States,...

Best Franchise

Best Jewelry Franchise in India – List of Top 10 Jewelry Franchise of 2023

February 1, 2023

Know about Best Jewelry Franchise in India that has gained the highest popularity in recent year. The jewelry market in India is expected to grow at a CAGR of 4.93% in the next 3 years. Currently, the revenue generated from...

Best Franchise

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

February 1, 2023

This article will provide comprehensive knowledge on the Best Medical Franchise in India to help investors make an informed decision. A clinic is a healthcare facility that treats various health issues faced by an outpatient. It houses doctors specialized in...

Best Franchise

Best Mobile Store Franchise in India – List of Top 10 Phone Shop Dealership of 2023

January 30, 2023

Know about Best Mobile Store Franchise in India here. Mobile phones have become an extension of human beings nowadays. The Indian handset market is huge already and still has huge room for growth. As per a report published by Deloitte,...

Best Franchise

Best Electric Bike Franchise in India – List of Top 10 EV Bike Dealership of 2023

January 30, 2023

Check out Best Electric Bike Franchise in India here. The Indian electric vehicle market is expected to grow at a CAGR of 48.75% for the upcoming five years, as suggested by different research reports. The gradual shift of the economy...

Best Franchise

Best Rolls & Wraps Franchise in India – List of Top 10 Rolls Franchise of 2023

January 30, 2023

This article shall bring forth the Best Rolls & Wraps Franchise in India to help investors chose wisely. Due to changing lifestyle patterns, modern consumers’ appetite is more bent toward the go-to food. Food that’s handy, easy to carry, and...

Best Franchise

Best Clothing Franchise in India – List of Top 10 Clothing Franchise of 2023

January 28, 2023

This article brings forth the 10 Best Clothing Franchise that are doing great in the Indian market. Clothing is one of the fastest-growing industries in India. It is expected to grow at a CAGR of 3.34% between 2023 and 2027, and this...

Best Franchise

Best Salon Franchise in India – List of Top 10 Beauty Parlour Franchise of 2023

January 28, 2023

In this article, you will know about Best Salon Franchise in India. With the increasing number of people realizing self-care and the need to stay on top of their game, the number of salons is also growing. Earlier, if you...

Best Franchise

Best Food Franchise in India – List of Top 10 Food Franchise of 2023

January 28, 2023

The food Franchise business has always been on the top of the list of entrepreneurs as Indians live to eat. However, finding the Best Food Franchise requires a bit of hard work. This article will help reduce your trouble in...

Best Franchise

Best Franchise under 10 Lakh in India – List of Top 10 Franchise under 1 Million in 2023

January 27, 2023

Check out the list of Best Franchise under 10 Lakh investment in India here. Opening a business is always a challenging option to explore. It takes time to start and establish any new brand in the market; sometimes, it takes...

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.499 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.2,499 & Rs.4,999, 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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