Are you looking to start a franchise business in India but have a low investment budget Look no further In this article we will explore the best franchise business opportunities in India for 2020 with low investment options .
Are you looking to start a franchise business in India but have a low investment budget? Look no further! In this article, we will explore the best franchise business opportunities in India for 2020 with low investment options.
Starting a business can be a daunting task, especially if you have limited funds. However, with the right research and planning, it is possible to launch a successful franchise business in India with a low investment budget. In this article, we will discuss the pain points associated with starting a franchise business in India with a low investment and how to overcome them.
The target of this article is to provide potential business owners with a list of the best franchise business opportunities in India for 2020 with low investment options. We will explore the history, myths, and hidden secrets of these franchises, as well as provide recommendations and tips for starting and running a successful franchise business in India with a low investment.
What Is Best Franchise Business in India 2020 with Low Investment?
A franchise business is a business model in which a franchisor grants the right to use its brand, products, and services to a franchisee in exchange for an initial fee and ongoing royalties. Franchise businesses are a popular choice for entrepreneurs because they offer a proven business model and support system.
Franchise businesses in India with low investment options are those that require a lower initial investment fee and have lower ongoing royalties. These businesses are ideal for entrepreneurs who want to start a business but have limited funds.
History and Myth of Best Franchise Business in India 2020 with Low Investment
The franchise business model has been around for centuries, with the first known franchisor being the Singer Sewing Machine Company in the 1850s. Since then, franchises have become a popular business model across the globe.
There is a common myth that franchise businesses are only for big corporations and require a significant initial investment. However, there are many franchise opportunities in India that require a low investment and have proven success rates.
The Hidden Secret of Best Franchise Business in India 2020 with Low Investment
The hidden secret to running a successful franchise business in India with a low investment is research and planning. It is essential to research the franchise opportunity thoroughly, including its track record, initial investment requirements, training and support, and ongoing royalties. It is also crucial to create a business plan that outlines your goals, budget, and marketing strategy.
Recommendations of Best Franchise Business in India 2020 with Low Investment
Some of the best franchise business opportunities in India for 2020 with low investment options include:
- Food and Beverage Franchises
- Education and Training Franchises
- Health and Wellness Franchises
- Retail Franchises
Each of these franchise opportunities offers a proven business model, brand recognition, and ongoing support, making them ideal for entrepreneurs with a low investment budget.
Tips for Starting and Running a Successful Franchise Business in India 2020 with Low Investment
Some tips for starting and running a successful franchise business in India with a low investment include:
- Thoroughly research the franchise opportunity
- Create a comprehensive business plan
- Stay up-to-date with industry trends
- Build a strong team
- Focus on customer service
- Monitor and track your finances closely
Fun Facts of Best Franchise Business in India 2020 with Low Investment
Did you know that Subway, the popular sandwich franchise, is the world's largest restaurant chain, with over 44,000 locations in 112 countries? Or that McDonald's, the fast-food giant, has over 37,000 locations worldwide?
How to Start a Franchise Business in India 2020 with Low Investment
To start a franchise business in India with a low investment, you must first research and select a franchise opportunity that meets your needs and budget. Once you have chosen a franchise, you will need to contact the franchisor and complete their application process.
After being approved by the franchisor, you will need to secure financing, sign a franchise agreement, and complete any required training. Finally, you can launch your franchise business and begin operating as a franchisee.
What If Best Franchise Business in India 2020 with Low Investment
If you are still unsure about which franchise business to start in India with a low investment, consider consulting with a franchise broker or attending a franchise expo. These resources can provide valuable information and insights into the franchise industry and help you make an informed decision.
Listicle of Best Franchise Business in India 2020 with Low Investment
Here is a list of the best franchise business opportunities in India for 2020 with low investment options:
- Amul Ice Cream
- Baskin Robbins
- Dr. Batra's
- Domino's Pizza
- Global Desi
- KFC
- Lakme Salon
- McDonald's
- Motilal Oswal
- Nathu's Sweets
Question and Answer
What is the initial investment required for a low investment franchise business in India?
The initial investment required for a low investment franchise business in India varies depending on the franchise opportunity. However, most low investment franchises require an initial investment of between INR 5 lakhs to INR 20 lakhs.
What are the ongoing royalties for a low investment franchise business in India?
The ongoing royalties for a low investment franchise business in India typically range from 3% to 10% of gross sales.
What are the benefits of starting a franchise business in India with a low investment?
Starting a franchise business in India with a low investment offers many benefits, including a proven business model, brand recognition, and ongoing support. Additionally, low investment franchises offer a more affordable entry point for entrepreneurs who have limited funds.
What are the risks associated with starting a franchise business in India with a low investment?
Like any business venture, starting a franchise business in India with a low investment comes with risks. These risks include competition, changing market conditions, and unforeseen expenses. However, by thoroughly researching the franchise opportunity and creating a comprehensive business plan, entrepreneurs can mitigate these risks.
Conclusion of Best Franchise Business in India 2020 with Low Investment
Starting a franchise business in India with a low investment can be a rewarding and profitable venture. By researching the franchise opportunity thoroughly, creating a comprehensive business plan, and following the tips outlined in this article, entrepreneurs can launch and run a successful franchise business in India with a low investment.
