This article will teach you about Best Franchise Business Opportunity in India.
Becoming a brand is difficult, it doesn’t happen within a blink of an eye. It takes years of blood and sweat to make your business a brand.
However, there is another way of doing business where you will be a part of a brand with a loyal clientele and popularity. It can be done if you purchase a franchise of a business/brand.
Franchise businesses have become highly popular in the Indian market due to low investment requirements.
There are multiple options in franchise businesses. In every sector, you can find opportunities for franchise businesses.
This article will discuss the top franchises you can own and have a profitable business venture out of it.
We will discuss each of these opportunities in detail, along with the investment requirements, revenue generation probability, and other requirements.
What is a franchise business?
In a Franchise business model, a business entity already popular for their products or services offers partnering opportunities to people against a cost.
The person or the business house which purchases the franchise becomes the franchisee. The brand or the business entity selling their franchises is the franchisor.
The franchisor provides additional support to the franchisee to set up the business. They provide structural, legal, and operational support. Franchisees also get training support from the franchisor if required and a lot more.
The franchisor charges an upfront fee which is the franchise cost that franchisee needs to pay. There can also be royalty charges if applicable. The franchisee and the franchisor share the profit earned by the franchise.
The ratio of sharing profits is pre-decided. The purpose of selling a franchise is to expand the business without investing huge capital, and for the franchisee, it is beneficial because they get to use the brand name.
Best Franchise Business in India – List of Top 10 Franchise Opportunity of 2022
Let us now see which all franchise businesses can be profitable in India –
|1||Jawed Habib Franchise|
|3||Fab India Franchise|
Let’s have a detailed understanding of these franchise businesses below –
Jawed Habib Franchise – Best Franchise in India
To start with, we have Jawed Habib Hair and Beauty Ltd. franchise. As most of you know, this is a chain of salons providing multiple beauty and hair care services.
Jawed Habib is known for hairstyling treatment. In India, there is no hair stylist as popular or sought after as jawed Habib.
It was founded in 2000 and currently has around 900 franchises across the country. It will cost you around Rs. 20 lakhs to Rs. 30 lakhs to purchase the franchise rights and set up the salon.
Jawed Habib just changed the way people look at barbers. He changed the profession into one of the most professional and glamorous ones.
DTDC Courier Franchise – Best Franchise Business in India
Courier service and DTDC are like two sides of the same coin. This company has created such goodwill in the market that whenever people think of courier services, at least this name once strikes most people’s heads.
DTDC has been in the market for decades and has thousands of franchises nationwide.
The best part of owning this franchise is that the cost and investment requirement is within Rs. 50000 to Rs. 2 lakhs.
Can you imagine having the franchise of DTDC at such a low cost? Subhashish Chakraborty founded this business entity, and presently he is the Chairperson and MD of the firm.
In the courier and express industry, DTDC has made its mark, especially with the franchise business model.
Fab India Franchise – Best Business Opportunity in India
If you want to start a business in the retail fashion segment, then FabIndia can be a great choice. FabIndia is known for its ethnic collection for both men and women.
You can offer a great variety of clothing to the customers. The primary attraction is the quality of the material provided by this brand, and it is one of a kind.
Though the investment requirement is a bit higher for this franchise of FabIndia however you can also expect a great deal of profit.
The investment requirement would be around Rs. 40 lakhs and above. There is more than 175 franchise of FabIndia across the country.
It was started in 1960 by John Bissell, and now it is a brand that is liked by both the younger generation and elderly people.
Euro Kids Franchise – Top Franchise in India
Pre-schooling in India is becoming increasingly famous. Eurokids is a name that has been reckoned with pre-schooling for a few years.
This is one of the most trusted pre-schools in the country and has thousands of franchises. It started back in 2001 by Prajodh Rajan and Vikas Phadnis.
Their child-first ideology created a different meaning for pre-schooling, where kids are not taught bookish things much. Rather, they are familiar with spending time without their parents, away from home, making friends, playing, interacting with other kids, and other such activities.
You can buy the franchise of Eurokids for a price of Rs. 10 lakhs to Rs. 20 lakhs which also includes the setting up cost for the school.
Subway Franchise – Top Franchise Business in India
If you want to get into the FMCG sector and have decent capital that you can invest, then Subway can be one of the best options.
The total investment would be around Rs. 50 lakhs to Rs. 90 lakhs depending on the space you buy or rent, staff, and related parameters.
However, this is the most profitable franchise business model in India.
There are more than five hundred franchises of Subway in India, but it still falls short of catering to its product demand. It is a foreign brand started in 1965 by Fred DeLucea.
Patanjali Franchise – Top Franchise Opportunity in India
Patanjali brought a wave of using organic and herbal products to the market. While there were many such products before, the magic of Baba Ramdev made Patanjali stand out from the rest.
If you plan to open a mega store and have a minimum of Rs. 1 crore to invest, you can buy the franchise of Patanjali.
You would also need a minimum area of 2000 square feet for opening the Patanjali Mega Store. To start the process, you also have to pay a security deposit of Rs. 5 lakhs, which is fully refundable.
The initial investment requirement is around Rs. 1 crore, and you can further expand and make more investments.
Lenskart Franchise – Top 10 Franchise in India
In the eyewear and optical industry, Lenskart has brought a revolution. It has come up with numerous designs to make your glasses attractive.
This business already has thousands of franchises/branches across the country. It is also one of the fastest-growing companies in the world in this industry.
You will need a minimum investment of Rs. 30 lakhs to start this franchise business. At the same time, the requirement for opening the store is a minimum of 300 square feet area.
You can choose spaces in a mall or near hospitals or clinics.
Amul Franchise – Top 10 Franchise Business in India
Amul needs no introduction as this is one of the oldest companies in India, selling multiple FMCG products. We hardly know any other butter than Amul’s, isn’t it?
So, you can start Amul Scoop or Amul Store, where you can sell different products of Amul. It will cost you around Rs. 2 lakhs to Rs. 5 Lakhs to set up the store and start the business.
It is one of the most profitable franchise businesses in India at present. The investment requirement is low compared to other similar franchises.
You would need a space to open the store, which must be 300 square feet or more. You can design the ice cream parlor as per your choices and preferences.
Domino’s Franchise – Top 10 Franchise Opportunity in India
Nowadays, Pizza is a go-to food for youngsters and millennials. While there are many pizza baking companies in the country, Domino’s is the name that is reckoned the most regarding pizza.
There are over 500 outlets/ franchises in India, and it is in over 70 countries.
To open a Domino’s franchisee, you would need to invest around a minimum of Rs. 30 lakhs and have 1500 square feet of space.
The profit margin in this franchise business is quite high compared to others in a similar segment.
Bikanerwala Franchise – Best Franchise Business Opportunity
Regarding sweets and snacks, Indians always have a foot forward. Bikanerwala is one of the most famous sweet-making brands in the country.
Not only sweets, but it has a range of cookies, snacks, Indian food items, and a lot more. For this franchise, you need to have a space/area of 1200 to 2000 square feet.
The minimum investment requirement is around Rs. 30 lakhs to 40 lakhs. The profit margin is quite high, and so is the demand for most of the products of this brand.
Buying a franchise and running it may give you the brand name and goodwill for use, but you must put your heart and soul into making the business run.
As you can see above, there are different franchise business opportunities in every market and industry.
All you need to do is choose the one that suits you the best. It would help if you considered the investment, profit margin, and other criteria for being eligible for the franchise.