India is currently gaining a lot of importance as the earth’s one of the real fastest-growing markets and the concept of franchising has been opted by many local and international business firms of this country. Standing only next to China in terms of Consumer capacity and retailing, India has been a profitable home for the franchising market.
India is diverse both geographically and culturally and this feature is taken as an advantage by many foreign companies to enter into business with the help of franchising.
Buying a franchise business always associates with some big advantages like:
Franchising is a type of business where the franchisee gets the license of the product made by the franchisor and sells it in the market earning huge profits. In India, franchising is giving a path full of opportunities for business owners and people who are trying to seek a job. Franchisor has found its very profit motive to open outlets in the Indian market due to its multi-ethnicity and desire for western goods. Nearly all franchisors after franchise agreement get a primary advantage like growth, risk reduction, and high profits after opening a franchise business in India.
Why is it Beneficial to purchase a franchise business in India?
India has proved to be a mega-market for a profitable franchise business. These days when the jobs are hanging by a thread and the whole country is under limitless chaos, the franchising market has proved to be a boon for small countryside businessmen in India. not only there is a huge scope of employment but also limitless profits by enlarging the business into various branches. All these are possible in India due to its extensive relief features and highly populous cities. Benefits of franchising are:
In India a franchisor can start with anything: be it beauty products, food, education, healthcare, and technology. Franchise business models which have many brands for expansion are naturally the ones who set up their franchise in India.
Here is some franchise business which has made enormous profits in India after opening up of various outlets throughout the country:
Among the food and beverages franchise, Subway name comes on the top followed by McDonalds and KFC and Domino’s
In beauty products names of Javed Habib, L’Oreal, affinity salon, and Lakme names come on the top of the list.
Courier delivery offices like DTDC, Cargo, Blue dart, FedEx, and express are some of the international brands that have found their way into the Indian franchising market.
Among various fashion products franchise, names of Skechers, Zudio , Pantaloons, Max, FabIndia, Madelyn Maddy, denim, Levis, etc have their name on the top the list.
Education has long been franchised in India since the departure of the imperial British. Many international schools and colleges have opened their branches in India for the education of all. Some important franchises are preschool, St. Xavier’s school, St Carmel school, St. Michael school, etc.
A lot of technological and computer IT-related franchise business has grown in India. some are like cartridge express, peacksoft Ltd, Microsoft Ltd, Mars EnTech Pvt Ltd, Smart Node, and so on. They are providing not only variegated types of software for the cyber development of the country but also endless job opportunities for thousands of people all across the country.
In the healthcare sector too, franchise is found everywhere. Apollo Hospital is one of the best healthcare franchisees in India. Franchise in health care offers a variety of products needed by the people in their daily lives.
Although there are many pros and cons of franchising your business, with some pre entrepreneurial experience, opening up a franchising market in India can buy you lots of wealth and can generate a significant amount of profit. Franchising will make one man independent enough to create a set up of his own. With the right decision and right opportunities, franchising can guarantee one not only success but also more coins in the pocket!
My name Is Dhinal Baxi and I am from Ahmedabad, Gujarat, India. I am a founder of franchise Insider . As a founder, we have served hundreds of clients. My experience from the financial sector has helped them to achieve great success in the franchise world. Franchise Insider is one of the leading franchise advisory and consulting company.
We've gotten so used to seeing men streetwear joggers, ripped jeans, and sleeveless shirts. Hair…
When it comes to festivals, the options for wedding jewellery are endless. You can go…
Whether it concerns your home or an office building, the state of a property’s windows…
You know that running an environmentally sustainable business is the right thing to do. But…
If you are in a financial crisis , or need to start a new business…
To realize the strategic advantage from the fleet management system (FMS) and differentiate the business…