You need more than just an investment to get a business off the ground and make it successful. Very few people have the business acumen needed to be efficient in every aspect of running a business. But franchises are different.
Franchise organizations give entrepreneurs the chance to launch and grow businesses under a common brand with low investments and higher chances of success. Though each franchise is independently owned and managed, owners get the support of the franchisor in terms of standard operational procedures, advertising resources, training, branding, etc. For franchisors, this model is advantageous as it gives them a chance to expand their services, spreads brand messaging, provides steady cash flow and enables the development of new products and services.
Why Should You Consider a Franchise
If you have an entrepreneurial spirit, there are many reasons why you should consider taking up a franchise. Some of the advantages this model has are:
- A chance to have your own business
- Training from successful business operators
- Ability to use recognized trademarks, service marks, and patents
- Higher marketing budgets
- Better chance of succeeding
- Job stability with the freedom of being your own boss
- Opportunity to build more revenue
The Downside?
There are always two sides to every coin. Despite the many benefits, not everything about running a franchise is easy. Despite owning the business, you will have to share a percentage of the profits with the franchise owner. You will also not have the ability to include other brands under your umbrella and will remain legally dependent on the franchise owner.
Top 5 Franchise Business in India
There are a number of franchise opportunities available in India. This includes educational franchises, retail opportunities, tech opportunities, etc. The top 5 amongst them are:
Netmeds Marketplace Limited
With a legacy of over 100 years, Netmeds is one of the most successful pharmaceutical companies. The company is known as a provider of safe, affordable medication and superior customer service. Along with their online prescription fulfillment service, Netmeds is also venturing into an organized chain of “brick-and-mortar” branded retail outlets. Franchisees that are part of this growth plan get the advantage of a recognized brand name, state-of-the-art warehouses spread across multiple cities and large advertising budgets.
Little Ville Preschool Franchise
Little Ville Preschool has over 100 centers across 15 cities and 4 states in India. This preschool is designed to offer knowledge in a fun-filled manner to kindle a child’s desire to learn. Little Ville offers preschool and daycare programs along with after school activities. The school has nurtured over 7000 children. Franchisees of the Little Ville Preschool get the benefits of incorporating a holistic teaching methodology to nurture the overall growth of students, NPS affiliation, marketing support and aid with infrastructure and setup.
Lenskart Retail Store
Lenskart.com is the largest online optical store in India. The brand retails spectacles, contact lenses, and sunglasses in more than 1000 cities across India and abroad. Franchisees get the benefit of working with an established, credible brand and access to an expansive range of premium eyewear brands and designs. Existing franchisees are known to get 30% of net sales and can break-even in a period of 15-18 months.
Sterling Holidays Resorts Ltd
Travel and tourism is a growing sector for franchisees. Sterling Holidays is a pioneer in the field of Vacation Ownership. Established in 1986, the company aims at delivering great holiday experiences to Indian families. It owns a network of 24 leisure resorts at some of the most popular Indian holiday destinations. It is also planning to add resorts at 15 more sites. Franchisees partnering with Sterling Holiday Resorts get a chance to enter the travel and tourism market and make a name for themselves with minimal risk.
Edu-MASTERS Training Institute
Edu-MASTERS is one of the leading institutions for corporate, vocational and institutional training as well as training for school and college programs. The company has an experience of over 10 years and is known as a pioneer in the field. It is best known for its ability to make candidates “Job Ready” with 100% job assistance. Franchisees in this sector get a chance to work with an Overlap Business Modal (OBM) and unique, proven strategies.
Fast Facts
Name of Franchise | Investment Needed | Space Needed | No. Of Franchise Outlets/Dealers/Distributors | Establishment Year |
Netmeds Marketplace Limited | INR 10 Lac - 20 Lac | 300 - 1800 Sq.ft | Less than 10 | 1914 |
Little Ville Preschool Franchise | INR 5 Lac - 10 Lac | 1200 sqft plus | 20 | 2009 |
Lenskart Retail store | INR 20 Lac - 30 Lac | 300 - 500 Sq.ft | 200-500 | 2010 |
Sterling Holidays Resorts Ltd | INR 10000 - 50 K | 400-1000 sqft | 45 | 1986 |
Edu-MASTERS Training Institute | INR 50 K - 2 Lac | 800-1500 Sq Feet | 10 | 2009 |
Owning a franchise has all the excitement of running your own company without the risk of investing large amounts of capital. So, are you ready to take up your first franchise?
