Franchising is extremely a common way of doing business. As with any business venture, franchising is not immune to risk. But if undertaken in the right way, franchising can be a success vehicle for both the franchisor and franchisee. Franchising is about the relationship that the franchisor has with its franchisees.
How the franchisee meets its obligations to deliver the products and services to the system’s brand standards is very important. When selecting a franchise system to invest in, you want to evaluate the types of support you will be provided and how well the franchisor is managing the evolution of the products and services so that it keeps up with changing consumer expectations.
Below is the list of top 6 franchise business to start in India:
Food and Beverage franchise
With the expanded number of individuals liking to eat out and spend more on nourishment things, this sector has commanded the diversifying business like no different business segment. When you invest in a food and beverage franchise you are purchasing a tried and tested business process. This enables you to altogether lessen the hazard looked by free entrepreneurs and empowers you to center around boosting your benefits.
There are many different options for food and beverage franchising, such as fast food, health food, pizza, sandwich shops, ice cream parlor, smoothie, juice bars, cookie shop, candy outlet, and bakery as well as restaurant franchises. The rapid development of mall culture has also encouraged the growth of food and beverage franchises.
Automobile Franchise
As long as we drive cars, auto mechanics will be required. Those mechanics need replacement parts. When those cars are running great, owners will want them to look great, which mean car washes, custom paint jobs, and aftermarket parts. And when the occasional accident happens, we’ll need insurance agents, body shops, dent repair, and paint shops. Today, we even have mobile car detailing services.
The automobile sector is a major part of the franchise business and a great opportunity to start your own business. Different types of Automotive franchises are automobiles franchise, automotive parts, car repairs, car service center, bike service center, car decoration, car sales, car beauty clinic etc.
Fitness and Healthcare franchise
A rise in the standard of living in India has increased demand for quality health services and has resulted in health-care service providers, spas, beauty salons and clinics opening new businesses in the cities through franchises. Fitness is not just about a fit body but a fit mind as well. The fitness industry is looking forward to new ways of attaining fitness and maintaining a better lifestyle.
The different kinds of Healthcare franchises are physiotherapy, ayurveda, diet, wellness, health management, medicine, skin treatment, Pharma Company, pharmaceuticals, gym, personal care etc. Research and contribute your time to finding out all the types of business models that exist and choose the one that fits your idea of an ideal fitness business and suits your pocket. Also, train and get accredited so that the customers can really rely on you and your services for a healthy and safe way to their goal.
Education and Training Franchise
Education franchise is a major part of the franchise business and a great opportunity to start your own business. A franchise in education not only allows you to run a business, but it also allows you to help improve the education of children in need.
There are all kinds of Education & training franchises – including pre-school franchise, play school, day-care franchise, child care, learning center, training institute, grooming center, IT Institutes, animation school, retail school, coaching classes, educational institute, aviation academy, language center, recruitment service, customer services etc.
Education franchises will perform well in the market because of their target audience. Children are the number one priority of parents across the country and parents will continue to spend money on educating and tutoring their children in subjects that will help them succeed in their studies and prepare them for future.
Retail Business Franchise
If one wants to be a retail entrepreneur, starting your own brand comes with little support, so taking advantage of one of dozens of franchise opportunities and having the power of an existing brand behind you is the smartest way forward. With the help of retail franchising, you can open a store based on the name, branding, trademark, and products of an existing business. This category of franchising is a highly visible one.
Retail franchises are for people that want customers to come to them, as opposed to having to go out to find them. Examine your skills, interests, and financial situation. A retail franchise is driven by solid, consistent traffic. Look for locations near you that could support a retail franchise. HR is a big part of operating a retail franchise concept. Finding and keeping quality employees can be a challenge, but when you do find them, they can make your operation really shine.
Travel and Tourism Franchise
Tourism Industry is immense, and the changes in the industry over the years with the advent of technology have set new standards for the players involved, primarily, all Indian travel agencies. The growth of Indian tourism outpaces that of any other country. With booming Indian economy and growth of middle class, today outbound and domestic tourists far outnumber the numbers of tourist coming into the country.
Travel & Tours franchise is a major part of the franchise business. There are all kinds of Travel & Tours franchises – including travel agency, travel advisory, business trip planner, visa-passport assistance, study abroad, employment abroad etc. There are various companies who are offering different types of franchises in the travel domain. The franchisor provides management assistance, including accounting procedures, and facility management thus helping the franchisee to overcome a lack of experience in these areas.
