Top 10 High-Profit & Best Franchise Business in India
Doing a business is not easy nowadays, but the franchise business model can help you reduce most of the difficulties of doing business and make high profits.
In this article, we will see some best franchise business in India. These franchise businesses opportunities are most popular and can give you fast business growth and high profits in the future.
There are hundreds of multinational and national brands that offer their franchise in India.
You have multiple types of business opportunities in different sectors like; foods, restaurants, health, fitness, courier service, institutes, etc.
Only you need to analyze your favourite business, experience, investment capabilities, and your own strategy to execute.
And you need to understand, franchise business is not entirely in your control. You may face some interference by the brand.
What is a Franchise Business?
In a franchise business model, a brand offers business partnerships to use its business strategy, products or service, and brand name for a specific time.
An applicant needs to pay fees to acquire the brand’s rights and sign an agreement by accepting all rules and regulations of the brand or company.
You can simply find a business that offers its franchise business opportunity; you need to invest some capital in using the brand name and its products and business model.
And you can set a business without any much risk because a franchise offering company has its own customer base, marketing strategy, and quality control, which is the most essential part of a successful business.
Only you need to maintain brand value and share some revenue with your brand or company, as mention in your agreement.
How to Start a Franchise Business in India?
If you plan to start a franchise business in India, you must follow I listed below instructions. It can be helpful for you to secure your business by falling into any legal trouble. All these are the most critical steps before starting any franchise business in India.
a. Select and finalize a niche:
Before doing any franchise business, you need to analyze your interest and experience. There are multiple categories and subcategories to choose one. The best option is a select niche, which is interesting for you.
And also, research about location and customer base where you want to start this business.
Most franchisees are issued a list of the nation’s cities where they want to expand their business and categorized the cities in tier-1, tier-2, and tier-3, etc.
So follow these, and if you plan food-related franchise business, you can start anywhere with doing some own research.
b. Complete the paperwork
Once you finalize your niche and Franchisee Company, your initial step is registering yourself with MCA (Ministry of Corporate Affairs- Govt of India) just after the initial sign agreement with the franchisee.
“The Ministry of Corporate Affairs is an Indian government ministry. It is primarily concerned with the administration of the Companies Act 2013, the Companies Act 1956, and the Limited Liability Partnership” – source; Wikipedia.
And also, get your ownership legally; all the legal process must do under the witnesses or legal advisor to avoid future business difficulties.
You can also deal with the franchise broker; it can reduce your complexity of legal formalities.
c. Licensing & Registration
After completing the agreement process, you need to get all licenses and registration process according to your industry requirements.
The Indian government is now more focused on businesses doing business more ethically.
These are some compulsory registration for doing any business in India:
- Company registration
- GST registration
- PAN number
- Licensing, etc
Belongs that, you also need to consult with the Franchise Company for human resources requirement and training facilities. Because any franchise business depends on the working staff.
You also work on currency conversion rates if you deal with the international brands.
10 Best Franchise Businesses in India
1. Baskin Robbins Retail Outlet
Baskin Robbins is an International Ice-Cream and Cake brand. It is an American food and Beverage Company, started in 1946 by Burl Baskin and Irv Robbins.
To acquire a Baskin Robbins franchise outlet, you need to invest Rs.11 lakhs to Rs.18 lakhs. And you have rented or own shop with a floor area approx 150 sq. ft to 500 sq. ft.
This famous brand has about 7500 outlets across the world. The company believes in developing a stable relationship with its franchisees by providing excellent training and operation related support.
2. Pizza Hut
Everyone knows the Pizza Hut is the most popular pizza and Italian food brand. Pizza Hut venture started on 15 June 1958, and its headquarters is situated in Texas, USA.
Pizza Hut started franchising in 1959 and is well known for its fast-food restaurant business. Now Pizza Hut has more than 18700 restaurant chains worldwide.
To start, the Pizza Hut franchisee business initial investment required approx Rs. 40 lakhs to Rs. 60 lakhs with a floor area of 500 or 1000 sq. Ft.
It is another most popular and high profitable franchise business opportunity. McDonald’s is founded back in 1955. It has more than 38,600 franchises outlets around the world.
If you want to open a new McDonald’s restaurant franchise business in your area, your investment could be from Rs.7Crore to Rs. 15Crore. The agreement with McDonald’s is approx 20years.
This duration franchise is restricted to deal only with McDonald’s products and share a 4% service fess of total sales.
All staff at the restaurant will be trained by McDonald’s training centre.
KFC or Kentucky’s Fried Chicken is most famous by its delicious fried chicken lollypops and chicken balls etc.
It is also an American restaurant brand. KFC is started in 1952, and now it has 22,600+ franchise restaurants in around 150 countries.
To get a franchise of KFC, your investments will approx 9.7Crore. And you have a minimum of 500 sq. ft. floor area in a good location.
5. Lakme Salon Business
Lakme is a highly reputable brand in the cosmetic industry. Females are much comfortable to use products of this renowned brand.
Lakme is the no.1 cosmetic brand in India. It’s a low investment and highly profitable franchise opportunity, especially for women.
Now, Lakme has 240 stores in different locations. To start a franchise business with Lakme, you need to have a minimum of 900 sq. ft. space and capable of investing approx Rs. 50 lakhs to Rs. 60lakhs.
6. DTDC Courier
Desk to Desk Courier & Cargo (DTDC) is a well-known courier service provider in India. It was started in 1990, and approx 13000 employees are working in this company.
It is a fast-growing and highly channel partners developed company in India.
If you want to start a DTDC courier franchise business, a small investment between INR.75, 000 to INR.1.5lakhs and a minimum 100 sq. ft. area required.
7. Jawed Habib
Jawed Habib Salon is a well-known salon and hair institute in India. It has 65 hair academies and 850+ franchise salons across India.
The company gives franchise opportunities to entrepreneurs or businessmen with a minimum investment of about Rs. 15lakhs and a commercial floor area around 600 to 1000 sq. ft.
8. Dr. Batras
It is an excellent brand in the healthcare sector. Dr. Batras is actually famous for its effective homoeopathy treatments around the world.
The company was founded by the Mukesh Batra in 1951. To acquire this franchise, you need to invest Rs. 20 lakhs to Rs. 30 lakhs and minimum 300 sq. ft. floor area.
Lenskart.com is the most popular and the fastest growing online optical store in India. Company deals in eyeglasses, contact lenses, and sunglasses in more than 70 cities in India.
The company has 500+ stores in different locations in India. And if you want to do business with this decent opportunity provider company, you need to invest around 20 to 30 lakhs.
Kidzee is one of the most educational brands in India. The company provides education and overall development centres for kids.
Kidzee is the biggest playschool network in Asia. Kidzee has over 1900 centres running successfully across 750 cities across India.
Applicants need to invest Rs.12 – 15 lakhs to acquire their franchise business with a minimum of 2500 to 3000 Sq. Feet.
The franchisee needs to complete a training program about the Kidzee curriculum for operating the Kidzee preschool successfully.
11. Amul Franchise
Amul Franchise Business is also profitable business, and it’s the best brand name in India.
Amul provides high-quality dairy products like milk, ghee, butter, Ice-cream paneer, and many more.
To start a franchise, you have two options by Amul. You can acquire Amul Preferred Store or Amul Ice-Cream Scooping Parlour.
For Amul preferred store, you need to invest approx Rs. 2 lakhs with a minimum of 100 to 150 sq. ft. area.
And if you are interested in Amul Ice-Cream Scooping Parlour, your investment will be around Rs. 6 Lakhs with 300 sq. ft floor area.
Franchise businesses are changing market trends. In this business model, both a franchisee company and a franchise can succeed in their business.
Most important is that before finalizing any franchise business, candidates need to analyze the business’s potential according to the location.
Not every location is suitable for all businesses. Carefully researched and analyze the buyer persona of the brand in your area can makes you high income for a long time.
Food and other essential products based businesses are easy to make profits compare to others.
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