In a franchise business, the owners and franchisers sell the rights to their business logo, model, and name to the third party operators called franchises. In return, the franchisee pays a certain amount of fees for the rights to business, training and required equipments. Along with it, they agree to comply with the rules and obligations mentioned in the franchise agreement. Franchising is a well-known marketing strategy adopted by businesses for expansion in the market.
India is one of the countries that has gained immensely from globalization. In India, the trend of franchise business began during 90’s. The industry is still in its growing stage but the growth rate has been quite strong, which is about to rise in the coming time. So, if you are looking forward to investing, here are the references forsome of themost profitable Indian franchises.
Patanjali Ayurveda
Patanjali Ayurveda has become a household name in India with thousands of franchise outlets across the country. It is an Indian consumer goods company that manufactures mineral and herbal products. The manufacturing units & headquarters are located in the industrial area of Haridwar while the registered office is located in Delhi. The following are three Patanjali franchise schemes through which an applicant can become a part of the Patanjali family- Gramodhyog Nyas, Patanjali Mega Store, and Patanjali Chikitsalaya & Arogya Kendra. The security deposit for Gramodhyog Nyas is Rs. 21000 & for the Patanjali Mega Store is Rs. 5 lakh. The initial investment required to start the Patanjali Mega Store is Rs. 1 crore.
OYO Rooms
OYO Rooms is an Indian budget hotel chain, which is the world’s third-largest and fastest-growing hospitality chain of leased hotels, homes, and living spaces. Over 6 years, the company has expanded globally with thousands of hotels and vacation homes in several countries. There are a total of 50 OYO franchise outlets. If you own a hotel, a home or a commercial space, the OYO asset management can help. OYO promises to deliver its partners a 100% increase in revenue in 6 months, 80% occupancy every day, and 50% of customers from corporates.
Naturals Ice Cream
Naturals Ice Cream is a famous ice cream brand owned by Mangalore-based Kamaths Ourtimes Ice Creams Pvt. Ltd. The chain currently owns 135 stores across India with 8 stores under the direct control and the rest are run by franchises. With the brand planning expansion in UAE & South-East Asian markets, availing the Naturals Ice Cream franchise will be a wise investment. The franchise needs to invest Rs. 12 to 20 lakhs and arrange for local permissions that include food license, shop, and investment license for opening the store.
Lenskart
Lenskart is a famous eyewear business that started in the year 2010 by Peyush Bansal. Ranging from eyeglasses, sunglasses, and contact lenses, the company owns a wide range of eyewear and has a physical presence in more than 1,000 locations. Lenskart is an established and trustworthy name in the online and offline optical industry. The interested applicants have to invest an amount of Rs. 25 to 30 lakhs and an additional brand fee of about Rs. 2 lacs. The franchise is expected to make a minimum of about 30% return on investment per year per outlet.
VLCC
VLCC is one of the most popular healthcare and beauty brands in India. It is widely recognized for a scientific and therapeutic approach towards weight loss solutions and beauty treatments. Since its foundation in 1989 by Mrs. Vandana Luthra, the brand has expanded to four verticals- Wellness, Personal Care Products, Vanity Cube, and Institute. Owning a VLCC franchise business will turn out to be a profitable proposition. The area & franchise fee required for different VLCC verticals are as follows-
VLCC Slimming, Beauty & Fitness Center: Area required (1800-2200 Sq. Ft.) & Franchisee Fee (Rs. 12-16 lacs)
VLCC Slimming: Area required (1100-1250 Sq. Ft.) & Franchisee Fee (Rs. 6-8 lacs)
VLCC Salon: Area required (800-1000 Sq. Ft.) & Franchisee Fee (Rs. 6-8 lacs)
Vishal Mega Mart
Vishal Mega Mart is a brand owned by TPG Wholesale Pvt. Ltd. It is one of the fastest-growing chains of hypermarkets in India, including Apparel, General Merchandise, and FMSG. It is a famous retailing in India represented through its 322 brick and mortar stores across the country. The best prices and best quality products make Vishal Mega Mart a unique name among millions of customers. If you are interested in the franchise of Vishal Mega Mart, then the investment of Rs. 40 to 50 lakhs is required with a franchise fee of Rs. 50,000 to 1 lac and space requirement of 3000 sq. feet.
FNPCakes n More
The sister branch of Ferns N Petals, FNP cakes n more is a chain of cake store that offers cakes, pastries, chocolates, and sweet delicacies for every occasion. Owning a cake franchise business of FNP Cakes n More provides you the opportunity to be a part of the big market of cakes. To set up a FNP Cakes outlet, the total investment of approximately Rs. 8 lakh is required. The low-cost cake and bakery store size should be 200 sq. ft. (front end) and 200 sq. ft. (back end) on the ground floor. The expected Return on Investment is between 12-15 months and the franchise can earn between Rs. 50,000 to Rs. 2, 00,000 per month depending upon the city of operation.
Ferns N Petals
Ferns N Petals is a famous name in the floral gifting business that has been serving customers over the last 25 years. It has tie-ups with florist partners across the country that aids the fast delivery of orders and contributes to increased revenue. Ferns N Petals is one of the franchise in India with low investment in floral business. It has 350 franchise stores in PAN India- 300 flower stores and 50 cake shops, out of which 40% are managed by women entrepreneurs. Their franchise idea is formulated to help the aspiring businessman with a low investment of 8 to 9 lacs. It takes 3 to 4 months to recover the operational expenses and 8 to 10 months to recover the capital investment. They also help their business partners in selecting the right location, provide trained technical manpower support, FNP websiteand monthly E-commerce business support, which gives them an edge over competitors.
Mother Dairy
Mother Dairy is an Indian company that manufactures and sells milk, milk products, and other edible products. Founded in 1974, Mother Dairy is a wholly-owned subsidiary of the National Dairy Development Board (NDDB). With a low-cost investment of 5 to 10 lakhs, you can avail their franchiseand start the business of dairy products, food products, fruits and vegetables sold under the brand name of Mother Dairy. At present, there are some 1400 retail outlets and about 1000 exclusive outlets of Mother Dairy Fruit & Vegetable Pvt. Ltd. The franchise and dealers can receive support, training, and assistancedirectly from the head office.
The budding entrepreneurs looking forward to associating themselves with the best business can opt for the franchise of these most profitable Indian brands.
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