Lucrative Business Opportunities that one can initiate Under 30 Lakhs
Mid-cost business opportunities are always among the top picks by entrepreneurs and franchisees across different sectors and markets existing in India. Especially if you are new into the industry, you just don’t want to start your entrepreneurial journey with investing a big amount during your initial entrepreneurial phase.
On the other hand, something that is too low cost could also raise doubts in an entrepreneur’s mind about its effectiveness and eventual returns. This is where mid-range business ideas become effective, offering entrepreneurs a chance to become successful without taking much risk, while also ensuring that there will be some amount of branding in place.
Since franchising is the most preferred business model in today’s time, investors and new business buyers are heavily looking for mid-range franchise opportunities that can assure them a safe method for rolling their money.
As new diseases are emerging such as Zika virus, Ebola and SARS, it becomes vital to diagnose such detrimental ailments in the early stage. By investing in a diagnostics’ franchise business, you could help prevent life-threatening diseases along with making great money. Moreover, diagnostics is believed to be an ever-green segment that will keep on growing with changing time.
Thyrocare has evolved as a successful firm, which is now a necessary existence in the Indian diagnostic industry. An investment around INR 2-5 lakhs are required, including equipment cost and franchisee fee. Further, a minimum area ranging from 250-500 sq. ft is required for starting a diagnostics’ firm.
F&B has always been a one-stop destination for aspiring entrepreneurs and the massive, and rapidly growing Indian F&B industry is a great proof for that. Additionally, new industry trends like organic food outlets, fresh juice bars, microbreweries and other flourishing formats are allowing new business ideas to thrive in the industry. While some F&B brands are innovating with their offerings, others are focusing on their traditional food, enhancing their services.
F&B is a huge pool of business opportunities for aspiring entrepreneurs. From big brands like Yum Foods to smaller firms, a lot of options are available that entrepreneurs can make, depending upon their investment criteria. The success of the F&B business is due to the rising number of well-travelled folk who are also food enthusiasts.
So, new entrepreneurs could start their entrepreneurial journey by doing a minimum investment around INR 15- 20 lakhs. Once attaining success, you could further invest in bigger F&B brands keeping your capital in mind. With an ROI of around 45-50%, F&B is definitely the most suitable business opportunity available for aspiring entrepreneurs.
Pest Control Business
The current Indian business ecosystem is a great region for starting a business, varying from the traditional to the latest ones. Pest control is one such business segment that is gaining popularity since the last couple of years. By investing in this business, you could provide an important service to the customers by eliminating rodents, harmful insects, and reptiles from both commercial and residential properties.
But before starting the pest control business, you need to apply for a pest control license along with clearing an exam that can demonstrate your ability to use chemicals properly. Being an industry which is still in its initial phase, it might be the right time to invest in this sector and grow as a major brand, once the industry boom. HiCare is an existing Indian pest control brand, which offers the above-mentioned services to its customers successfully.
In order to start a pest control business, an investment around INR 10-15 lakhs is required along with an area ranging from 350-1000 sq. ft, which can vary depending upon your budget. The ROI is calculated to be around 40%.