Introduction–
A franchise business in India is rapidly growing and a beneficial venture for both franchisor and franchisee. A franchise business in India offers access to an already proven business model that makes it a low-risk and highly profitable model. Several Food brands like One Bite, Domino’s, Frozen Bottle offer franchises under 20 lakhs in India to lead easy expansion.
Franchise Business in India–
A franchise business in India is highly attractive and popular among small businessmen and entrepreneurs because it provides an efficient way to enhance the financial stability of investors due to a low-risk business model and potential for quick Return on Investment. The startup time and establishment process of a franchise business in India is quicker than starting a completely new and Independent business brand from scratch. Franchise business model allows investors to leverage the benefits of established brand recognition and available support system from franchisor for assured success.
Factors supporting Franchise Business in India–
The factors which continuously support the franchise business in India are-
- Growing middle class of India and increasing disposable income, enhancing the demand for diverse franchise businesses.
- Continuously increasing consumption and demand for diverse food options, making the franchise business attractive for investors.
- Access to established brand recognition and the franchisor’s reputation makes a franchise business profitable and successful.
- Access to comprehensive training programs and ongoing operational support ensure error-free and efficient business processes.
- The growing awareness of franchising is increasing the understanding of investors and making it appealing among young entrepreneurs.
Franchise under 20 lakhs in India–
Several food brands like One Bite, Frozen Bottle and Domino’s offer franchises under 20 lakhs in India. Starting a food franchise under 20 lakhs in India offers numerous benefits for the franchisee. It is a low-cost startup budget that offers faster Return on Investment and reduces the risk of financial losses. A food franchise business offers an established brand name and operational support to a franchise that leads to consistent sales and profitability of the business, with efficient Customer service. It also offers scalability and high potential for growth due to an efficient network of suppliers and distributors that reduces the overall cost of the venture.
Process of starting a Food Franchise Business under 20 lakhs in India–
The process of starting a food franchise in India includes the following steps-
- Potential investors need to research, identify and select a suitable food franchise brand considering its business model and partnership record
- Conduct financial planning considering the budget for initial investment, ongoing cost and royalty fees while securing necessary funding
- Legal and regulatory requirements like acquiring business registration documents, a franchise agreement and mandatory licenses
- Select a suitable location, commence the start-up process and access the staff training program while leveraging marketing assistance and operational efficiency
Conclusion–
To conclude, starting a food franchise in India is beneficial for investors due to the growing middle class, continuously increasing demand, access to established brand recognition and comprehensive training for franchisees. Individuals may select a food franchise brand based on its recognition in the market and available support system.
