It doesn’t hurt to have a dearth of money in the bank. If you are an entrepreneur you know how good ideas can result in creating a franchise-based business.
In India, many franchise-based businesses have flourished with sustainable class and a huge market. Launching a franchise is a tried and tested approach to starting your venture. However, a rich franchise requires one sort of investment with wide networks.
If you are looking for a business franchise model that offers a lot of flexibility and options with good returns. Then you need to invest a large sum of money for a profitable income.
In this article, we have curated a guide for franchises under 10 lakhs for you that offers a lot of opportunities. So today we will talk about these best franchises which could promptly bring many benefits to you.
Moreover, the franchise setup is rapidly growing in India. As the mega-market expansion has gradually paved the way for entrepreneurs to achieve their goals.
In this post, you will get some idea on franchise business and the franchises under 10 lakhs that are highly adaptable as per the environment. Below is the list of franchises to earn huge profits.
Top Profitable Business Franchise:
When it comes to preschool franchises Kidzee tops the chart among the other preschool franchises in India. Having such experience, the brand has nearly more franchises all over India. It has risen as India’s franchisor of the year in all of its divisions in 2010 and remains the same. The required investment to start this business model is around INR 5-12 lakhs. The necessary space required for this franchise is around 2000 feet.
- Mother Dairy
Mother dairy is one of the food franchises in India which was ranked at 39th position in the list of top 100 companies of India. It is gaining popularity for manufacturing dairy and milk products. If you are looking to start your food franchise business Mother dairy is one of them for you. The company has its outlets all over India because of its high quality. Moreover, the franchisor doesn’t have to pay any royalty for the franchise.
Though an area of approx 5000 square feet is required for the franchisor to set up a shop and at least one person is needed to run the shop. So the amount required for this investment franchise is about approx INR 5 – 10 lakhs. Otherwise, the franchisor has to pay 50,000 rupees as franchisor fees to the company. For the first year, you can expect a 30 percent return on investment. You will be able to reach a breakthrough point in about 2 years.
InXpress is a courier and delivery service franchise that was founded in 2011. The company has partnered with over world-class carriers that can handle pickups and deliveries. The brand gives the entrepreneur the right way of starting their journey in the franchise world. It is a flexible business setup that might cost around INR 5 lakhs. It is one of the low-cost franchise models. There are nearly 20 – 50 units in India.
Lenskart is one of the highly profitable business franchises in India. It was founded in 2010 and has become one of the fastest-growing eyewear brands in India. The brand has franchise outlets in India. There are nearly 330+ units in India that operate both online and offline. To start your business with Lenskart you need more than INR 35+ lakhs. Thus aiming to be one of the best franchises.
- AFFINITY SALON FRANCHISE:
Affinity Salon is a beauty and wellness franchise that offers a sophisticated and luxury ambiance to consumers. With well-experienced and international products the salon has garnered attention over the years. It is considered among wellness and beauty salons in the world. The area required for this franchise is about 1500 – 2000 sq. ft with an investment ranging around 30 – 50 lakhs. It is one of the best unisex salons aiming to deliver the best services to its clients. There are nearly 100 outlets in India. The brand is also planning to open more franchises in the coming years.
- Fern N Petals
This is one of the best retail business franchises to have its niche quality arrangements for florals. This brand in particular is among the leading franchises that have been gaining value due to its ethics. There are nearly 162 Fern N Petals in all over India. The brand is looking forward to opening more outlets in the coming years making it a global market. Fern N Petals is one of the leading franchises where you can start your business. The area space required for this franchise is about 250-500 sq. ft with an investment of about INR 5 – 10 lakhs.
- Giani’s Franchise:
Giani’s is famous for its ice creams and beverages. So if you love ice creams based on desserts. Then Giani is the one for you. The brand dates back to 1956 and was founded by Giani Gurucharan Singh. To start this business franchise the area space set up would be about 80 – 300 square feet. The royalty fees would be about a decent amount. But the investment ranges from 10 – 20 lakhs. Giani has over 50+ outlets across the country.
Fabindia has become the household name today due to its unique essence of embracing and propagating Indian culture through apparel and other products. Fabindia is loved by all groups alike and they have crossed over INR 1000 crore sales in recent times. Currently, the growth of Fabindia has been gain been ed by beating its competitors like Levi’s and Zara.
These are the top best high profitable business franchises under 10 lakhs in India. Buying and opening a franchise needs a lot of preparation and hard work.
That comes with good research, commitment, and creativity so take your time and plan to select the best franchise for you. Although there are other franchise opportunities in various departments. But look at the one that works for you.