Buying a franchise starts with analyzing your area of expertise. The market always craves for the solution which is solving a particular need or problem from the customers. Where the success of a franchise can lie on multiple factors starting such as location, whether if customers are looking for the product or service that you are trying, how smoothly operations are going, business model, how much of investment are you ready to do, etc. but there are some industries that are more lucrative in providing returns to the franchise owners. The below-segregated ones are based on low investment criteria. However, there are industries like Retail, Apparel, Automotive, Eye-care which gives higher returns, but they also require a high level of investment.
Let’s take a look at those industries-
- QSR/Fast Food Restaurant- Lately in India, one of the fastest-growing models in the food business is the QSR format of restaurants. Many upcoming brands in India give a full privilege of a low-risk investment model to the owners which basically covers a low franchise fee, averagely high royalty, low set up cost and a better internal system. In India, there is a rise of such models as we also see a shift in customer behavior due to urbanization, need for more variety in food and in less time. There, no doubts are bigger and small brands in the market which exists at the disposal of the investors. Also, India has more restaurant friendly governmental laws and licenses which makes the survival of QSR type of restaurants, quite easy.
Some note-worthy brands are McDonald’s, Tacos, Dominos which are high investment brands and some growing brands like Belgium Waffle, Five Star Chicken, Petoo.in, Faasos. Where Belgium Waffle/Five-star Chicken caters to specific needs of the customer, where a brand like Faasos operates in a vertically integrated food business in India that operates all three stages of a “Food on – Demand” business model: Ordering, Distribution and Order Fulfillment, this leaves the owners to see good profits from an early stage of conception. Petoo’s franchise starts from 5-10 lakhs and can be operated in a tiny kitchen area of about less than 200 sqft and chef-less model, that itself reduces the cost to a minimum and increase 50% Product margins with lean set-up cost & operational cost, which makes Petoo an easy franchise option which gives a guaranteed return.
- Education – Another flexible franchise industry which can be tried in the area of education. It could start from a very simple fund of 5 lakhs for daycare facilities and can go up to an investment of 50 lakhs. It is also a kind of business which does not require a big area set up to start and many business owners are trying it from the comfort of their homes if they have space.
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Food Franchise IN 