6 Franchise Business Options for 2020
6 Franchise Business Options for 2020
2020 has shown to be highly unpredictable, making it a bad time to launch your own business from scratch. You may still launch and successfully operate your own company, though. Start your business through a franchise, according to the secret.
A fantastic method to get independence, live a more independent lifestyle than just a 9-to-5 job, and make a lot of money like a business is to own a franchise. It also provides new investors and company owners with a chance to pick up various business skills. Here are six well-known Indian franchise chances that you must investigate if you intend to research your company alternatives that may bring you enormous success whenever the economy rebounds in the upcoming months!
Top Franchise Business Options in India 2020
Operating since: 1998
Number of outlets in India: 125+
Space required: 2000 to 3000 sq ft (approximately)
Investment required: INR 30 Lacs – INR 50 Lacs(approximately)
Franchises in the fashion industry won’t be going out of style anytime soon. All age ranges and gender continue to contribute to the growth of this industry thanks to rising internet access, the need to appear good on social media, and more discretionary cash than before. A Westside shop may be a great investment because it has a variety of fashion brands. The greatest moment to investigate this possibility is in 2020 since Tata Group, the owner of Westside, has made clear that it intends to grow the brand rapidly over the following three to five years. One of the greatest franchise opportunities in India
Operating since: 1960
Number of outlets in India: 290+
Space required: 1500-2000 sq. ft. (approximately)
Investment required: INR 40 Lacs – INR 60 Lacs (approximately)
As the top sustainable way brand in India, FabIndia doesn’t require an introduction. The company is one of the biggest platforms that provides Indian craftsmen with the living and respect they deserve, and it expects to build over 100 additional stores across India in 2020. In addition to being a socially conscious retailer of apparel, FabIndia also creates additional lifestyle goods that increase its consumer base. Customers in India have a great deal of devotion to the brand, especially those who favor Indian textiles to quick fashion. One of the greatest franchise opportunities in India
Operating since: 2019
Number of outlets in India: 2
Space required: 2500 sq ft (approximately)
Investment required: INR 80 Lacs – INR 1.5 CR (approximately)
Cities no longer sleep due to rising population heterogeneity, such as an increase in night shift workers and more female professionals. Convenience shops are now necessary due to this. A variety of reasonably priced goods and services are available at AM PM Shop, a 24-hour convenience store. The brand is now providing profitable Indian Franchise Business Opportunities with the goal of opening more than 1000 locations in the following five years.
Operating since: 2017
Number of outlets in India: 20+
Space required: 300-1000 sq ft (approximately)
Investment required: INR 17 Lacs – INR 37 Lacs (approximately)
The company intends to extend its operations abroad after opening more than 25 franchise locations across India in the upcoming year. The company, which is well-known among young people for its very cheesy meals, offers tasty food created with premium ingredients at incredibly low costs.
Pind Balluchi
Operating since: 1998
Number of outlets in India: 10+
Space required: 350-4000 sq ft (approximately)
Investment required: INR 37 Lacs – INR 2 Cr (approximately)
India has embraced the rich and delectable food of North India. Since many decades ago, Pind Balluchi has become a favourite among both locals and visitors to Delhi. Every meal at this unique restaurant is prepared using only the best and freshest ingredients, while maintaining the original recipes. The cooks make sure that every meal, whether the customer wants a vegetarian platter or kebabs, comes out to be a pleasurable culinary experience, especially when accompanied with Punjabi By Nature’s distinctive beverages. The company is welcoming many new businesses by providing templates for various investment budgets.
Ghoomar
Operating since: 2019
Number of outlets in India: 1
Space required: 2000 – 3000 Sq. Ft. (approximately)
Investment required: INR 1 Crore – 1.5 Crore (approximately)
You may sample Rajasthani cuisine that is entirely vegetarian at Ghoomar Traditional Thali Restaurant, along with the state’s culture and friendliness. Despite being very young, the restaurant has already won over families with its inviting ambiance. The crew is instructed to uphold the traditional Rajasthani maxim, “Atithi Devo Bhava,” which translates as “Guests are equal to God.” For a more genuine feel, the restaurant regularly sponsors cultural events and performances. This brand has a good chance for the year 2020 due to its novelty and newness.
In comparison to the startup world, the realm of franchising makes it easier to become successful and well-known. These franchise business prospects might be your best bet if you’re willing to invest the necessary resources—cash, time, effort, planning—into your firm. However, before signing the contract, we firmly advise conducting in-depth research, looking into prospects, and speaking with current franchisees. On our website, you can easily discover a variety of checklist and other useful tools that will assist you in making the best choice.
