India is the third-leading consumer of goods and services in the worldwide market. Beginning a franchise in India is a tried-and-tested approach to starting one’s own venture. Automobiles, beauty, fast food, education, wellness, postal delivery, fashion, and healthcare are various of the most sought-after domains for starting a franchise. The franchise business is one of those models that brands have adopted for development in India. There are numerous low-cost franchise opportunities in India one can go for.
India is a jumbo market for the most profitable franchise businesses. The franchise setup is quickly expanding in the country. It helps both the franchisee and the franchisor in achieving their individual goals.
What is a Franchise Business?
Franchise organizations provide a structure for launching, operating, and growing a business. Indeed, the successful franchisor can deliver the complete framework around which the business is constructed. Franchisors typically produce comprehensive operations manuals and coaching programs for their franchise house owners that cover selling, operations, accounting, technology, and different areas that are specific to the actual business model. These efficiencies are designed to change franchise house owners to earn a lot of money and pay less time and energy than otherwise would be needed to open and operate the same business on their own.
One way to estimate how well a franchise is doing is through its overall growth. Check what number of units (locations) are intercalary and lost throughout recent years. The name of the whole and therefore the usual step of the place could even tell you concerning the demand of a specific place.
Best 7 Low-Cost Franchise Businesses
1. Scoop Amul
Amul is recognized as one of the best low-cost franchise businesses. You can also set up an Amul ice-cream franchise because it is an extremely profitable business and people admire Amul for the taste and quality it provides. You’ll need a bare minimum of 300 square feet in a prime location with air conditioning and a pleasant interior to open an ice cream parlour. The initial investment is also quite petite; you will just need a sum of Rs 2-5 lakhs to get started. The best part about this business is that it needs a little marketing because people are already familiar with Amul.
2. Franchise of PMKVY
PMKVY franchise is another best low-cost franchise business option. This proficiency certification scheme’s main goal is to enable a large number of Indian residents to participate in industry-related skill-based training that will help them improve their livelihood. Its main objective is to raise the unemployment rate from 5%, which it was in 2014. If you wish to pursue education or skill-based training, PMKVY is a good place to start (Pradhan Mantri Kushan Vikas Yojana).
3. Archies
Archies is one of the well-known best low-cost franchise businesses. And also, as a popular brand that sells greeting cards, personalized presents, artwork, and other similar items, this company has a network of over 500 national and international locations. Since 1979, its products have won the hearts of millions of people. They feature a wide selection of one-of-a-kind gifts for anniversaries, birthdays, Mother’s Day, Valentine’s Day, farewells, and other special occasions.
4. American Kidz
American Kidz is a children’s training company. It aids in the training of students and the acquisition of the English language. They are regarded as pioneers in the field of language instruction. Setting up a training academy is one of the next best low-cost franchise business options.
5. Jugnoo
Jugnoo provides taxi and auto-rickshaw services. They are fast expanding, with roughly 29 million rides performed to date. They are excited to expand and invite different franchises to join them in this business. As they are expected to expand their business further, this is one of the best low-cost franchise businesses.
6. Himalayan range
The Himalayan range is a kitchenware brand that has expanded to become a global brand. They have a distinct and innovative range of concepts. They provide low-cost franchising options for launching and growing a business.
7. Patanjali
This company was formed in 2006 by Baba Ramdev and Acharya Balkrishna. Herbal and Ayurvedic products were the company’s original product lines. Patanjali is another Best Low-Cost Franchise Business that has expanded its company into other areas after achieving remarkable success in this arena, including beauty products, healthcare, personal care, food items, and much more.
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