10 Lucrative Franchise Business Opportunities for Young Entrepreneurs in India
10 Lucrative Franchise Business Opportunities for Young Entrepreneurs in India
India has the largest young population on earth as well as a middle class that is expanding quickly. Due to these causes, our nation has evolved into a mega-market for significant worldwide and domestic corporations. Automobiles, fast food, education, beauty & wellness, postal and delivery, fashion, and healthcare are just a few of the many businesses competing to enter or grow in the Indian market.
The franchise business model is one of the main channels via which these companies are growing. A franchisor (franchise brand) offers conceptual, structural, legal, and training assistance to a franchisee (franchise outlet owner) in exchange for an upfront start-up fee and royalty fees.
Owning and operating a franchise has several benefits for both the franchisor and the franchisee. While the franchisee has access to the brand’s devoted customer base, creative help, legal advice, and training support, the franchisor is able to further develop the business in unexplored regions, boosting market share and revenues.
But before signing on the signed line, investors and companies must conduct extensive due diligence on their prospective business partners. It is actually safer for investors to stay with well-known companies and brands.
10 Lucrative Franchise Business Opportunities for Young Entrepreneurs in India
- Subway
- Jawed Habib Hair and Beauty Ltd.
- Affinity Salon
- DTDC
- Giani’s
- LensKart
- FabIndia
- Kake Di Hatti
- The Salad Story
- EuroKids
Let’s examine a few of India’s most lucrative franchise business opportunities:
Subway
Subway, the biggest sub sandwich business in the world, was founded in 1965 by Fred DeLucea to assist cover the cost of his undergraduate education. Peter Buck, who became the outlet’s initial investor, assisted Fred in starting this quest. The restaurant’s goal was to offer its patrons the best service possible at reasonable pricing, a goal that the company still upholds today. Today, Subway is one of the few widely popular fast food restaurants that makes a living by highlighting their selection of nutritious foods. Subway has developed a devoted following thanks to its salads and limitless sandwich possibilities on a range of breads, including whole wheat, multigrain, and gluten-free alternatives.
Founded in: 1965
Industry: Food & Beverages (Fast Food)
Investment: INR 54-90 lacs
Space required: 170 sq. ft. area for the food court and 350 sq. ft. for the non-food court space
Outlets in India: More than 500
Jawed Habib Hair and Beauty Ltd.
None besides Jawed Habib himself created the hair styling and wellness company known as Jawed Habib. Since he hailed from a family of barbers, he was accustomed to getting haircuts. But managing a 300 crore rupee company empire was difficult. Barber to luminaries like Lord Mountbatten and Pandit Jawaharlal Nehru was his grandfather. As a result of the heritage, Jawed’s father was chosen to be Rashtrapati Bhawan’s official hairdresser. Jawed Habib, however, had other ambitions for his life and aspired to build a name for himself across the country. In addition to being successful in his business endeavours, Jawed Habib was also instrumental in transforming Indians’ idea of a barber into that of a more glitzy hairdresser.
Industry: Beauty and Wellness
Investment: INR 20-30 lakhs
Space required: 150 sq. ft. to 1000 sq. ft.
Outlets in India: 875 (approximately)
Affinity Salon
In 1992, Vishal Sharma created Affinity Salon Group, one of India’s most prestigious salon chains. Affinity Salon stands out from its rivals because to its sophisticated and knowledgeable personnel, opulent and premium decor, and an extensive selection of beauty items from across the world. The organisation has also earned a spot in the Salon Red Book’s list of the Top 100 Best Salons in the World. The company has established a standard for providing both men’s and women’s beauty services in the nation that meet international standards. It has had consistent development and has approximately 100 shops nationwide. Due to the rising demand for unisex salons in these locations, they also intend to increase their reach in tier II and tier III cities.
Foundation year: 1992
Industry: Beauty & Wellness
Investment: INR 30-50 lacs
Space required: 1500-2000 sq. ft.
Outlets in India: 100 (approximately)
DTDC
The company’s founder, chairman, and managing director is Subhashish Chakraborty. The business was founded in Bangalore in 1990, and it now has over 1000 franchise locations throughout India. The franchise-based business model was successfully introduced by DTDC to the Express sector. The majority of franchise owners were the first investors and entrepreneurs, yet they may still be successful in their business because of DTDC’s fast franchise procedure and extensive training and structural support. The courier and delivery sector is predicted to increase at a compound annual rate of 17% and reach a value of INR 48,000 crore by 2023, according to a Deloitte report.
Founded in: 1990
Industry: Courier and Delivery
Investment: INR 50,000 – 2,00,000
Space required: 250 sq ft
Outlets in India: 1000+
Giani’s
Among the oldest and most popular ice cream shops in the country is Giani’s. Giani Gurcharan Singh, who started his career in 1956 by launching Giani di Hatti amidst the bazaars of Chandni Chowk, Old Delhi, was the man behind its founding. Numerous people fell in love with its rabri faluda and mango shake, and from that point on, its fame knew no boundaries. Giani’s subsequently opened a number of company-owned and franchise locations across northern India, realising significant returns on its investment. Giani’s has a strong area presence despite some economic setbacks and is likely to continue being a favourite among families for ice cream.
Founded in: 1956
Industry: Food and Beverages (Desserts and Ice Creams)
Investment: INR 10-20 lacs
Space required: 80-300 sq. ft.
Outlets in India: 50+ (approximately)
LensKart
The eyeglasses portal with the fastest growth in India is LensKart. As an online site for contact lenses, it was established in 2010 by Peyush Bansal, Amit Chaudhary, and Sumeet Kapahi. Sunglasses and eyeglasses were also included to the assortment later in 2011. The firm then took the risk of opening physical locations in order to increase its retail presence and thereby reach more people. Currently, the expansion goal is concentrated on growing the existing 330 offline stores to 500 outlets. The Indian eyeglasses market is estimated to be worth $2 billion and is expanding at a 25–30% yearly rate. When one approaches a market from this angle, eyewear emerges as a lucrative sector to explore, with LensKart serving as the sector’s largest success tale and brand.
Founded in: 2010
Industry: Eyewear
Investment: INR 30-35 lakhsÂ
Space required: 300-500 sq. ft.
Outlets in India: 330+ (approximately)
FabIndia
John Bissell, an American, launched FabIndia in 1960, and it is now a well-known brand that appeals to people of all ages. Before extending to domestic retail in 1976, company began by selling home goods. In the previous ten years, FabIndia outsold rival brands like Zara and Levi’s India to become the biggest retail clothing brand in the country, surpassing the INR 1,000 crore sales record. The company has stuck to its initial mission of promoting Indian culture via clothes and other goods. FabIndia has been introducing new product categories and broadening their selection in an effort to increase their reach.
Founded in: 1960
Industry: Retail (Fashion)
Investment: INR 40-50 lacs
Space required: 700-1500 sq. ft.
Outlets in India: 175+ (approximately)
Kake Di Hatti
An intergenerational restaurant company called Kake di Hatti has been operating effectively for more than seven decades. It started off as a modest store at Chandni Chowk in Old Delhi in 1942 and quickly gained notoriety. Kake di Hatti has cultivated a dedicated and specialised following for itself due to its constant excellence. It stands out from other north Indian eateries by having endured time and keeping its calibre.
Only after being certain that the franchise owner would be able to uphold the high standards that it has upheld thus far does the corporation provide franchise licences. Rest certain that this is one of the safest options for potential franchise purchasers if you make the cut.
Founded in: 1942
Industry: Food and Beverage
Investment: INR 20-30 lacs
Space required: 900-2000 sq. ft.
Outlets in India: Less than 10
Salad Story
The Salad Story ushers in a new wave of deliciousness to meet the rising demand for healthy eating. Supriya Chopra started the company and officially introduced it in January 2018 with the goal of promoting not just salads but also a balanced diet and a healthy way of life. The company works to dispel the idea that eating well is a monotonous pastime and replace it with one that is enjoyable.
Health has become a top issue for today’s population due to shifting consumer habits, yet there aren’t many eateries that can meet this need.
The Salad Story seeks to close this gap by developing appealing yet nutritious menu items and assuring high-quality, sustainably sourced, and ideally fresh ingredients. The brand has achieved success in a number of areas and is anticipated to see a sharp growth in the next years.
Foundation year: 2018
Industry: Food and Beverage
Investment: INR 30-60 lacs
Space required: 300-1000 sq. ft.
Outlets in India: 10 (approximately)
EuroKids
One of the most well-known preschool chains in India is EuroKids. It was founded in 2001 by Prajodh Rajan and Vikas Phandis, and it was their “child first” philosophy that contributed to the brand name “EuroKids'” success. EuroKids has come a long way from its beginnings as a publishing company to becoming a fully-fledged playschool chain that parents all over the country have come to trust. With more than 1000 preschool facilities spread over more than 350 cities in India, Nepal, and Bangladesh, EuroKids has solidified its position as the ideal setting for raising young children.
In India, the preschool industry has grown steadily over the years and is expected to expand at a compound annual growth rate of around 32% during the next three to four years.
By spending 500 crores to establish over 2,000 additional schools in tier II and tier III cities along with corporate daycare facilities, EuroKids aims to fully capitalise on this expansion.
Founded in: 2001
Industry: Preschool education
Investment: INR 10-20 Lakhs
Space required: 150-250 sq. ft.
Outlets in India: 1000+
These are only ten of the thousands of alternatives available to investors and company owners to launch a profitable franchise. In order to find the ideal franchise business opportunity for you if you are new to the franchise market, we advise hiring a franchise consultant. Keep in mind that purchasing and running a franchise store requires a sizable investment as well as your dedication, perseverance, ingenuity, and hard work. Contact us right away, and we’ll get back to you with additional information on how you may launch your own franchise.
