Are you looking for the Best franchise business in India to invest in for 2022? Look no further! Here at our blog, we have outlined the top franchises that are predicted to be the most successful in the coming year.
Whether you're looking for a restaurant, retail store, or service-based franchise, we've got you covered. So, what are you waiting for? Start your research today and see which business is the best fit for you!
But before that, let’s have a look at the myths and misconceptions about franchise businesses. Some people think that you need to be wealthy to own one, or that they're only for big businesses.
The truth is, franchise businesses can be a great option for anyone, regardless of their budget or business size. In 2022, the best franchise businesses will be those that are innovative and customer-focused.
So, if you're thinking of starting a franchise, now is the time to do your research and find the right one for you.
Best franchise business in India 2022
Want to jump straight to my top picks? My favorite is Domino's and McDonald's.
Food Industry:
1. Domino’s
Domino's is an American pizza chain founded in 1960.
Domino's began offering franchises in 1967 and now has more than 14,000 franchise units across the globe.
There are a few other food items besides pizza that are served here, such as pasta, garlic bread, chicken wings, and many other mouth-watering dishes as well.
Year in which it was founded : 1960
Franchising since which year : 1967
Initial Investment Required : The initial investment required to open a Domino's franchise is between Rs. 30 lakhs to Rs. 50 lakhs.
Royalty Fees they charge : Domino's charges a 6% royalty fee on gross sales, along with an advertising fee of 4%
Type of Franchise Model : In India, Domino's Pizza is a wholly owned subsidiary of Jubilant Food Works Ltd.
Domino's offers a traditional franchise model, which means franchisees are responsible for the day-to-day operations of their restaurant.
Domino's franchisees must have experience in the restaurant industry and access to the necessary financial resources.
Process of Applying for the franchise : To get started, interested individuals must fill out a franchise application on the Domino's website. The franchise review process typically takes 4-6 weeks.
2. McDonald’s
McDonald's is an American fast food chain, was founded in 1940 and began franchising in 1955.
Today, there are more than 37,000 McDonald's franchise units around the world.
Year in which it was founded : 1940
Franchising since which year : 1955
Initial Investment Required : To open a McDonald's franchise, you'll need to have funds between Rs. 6.5 crores to Rs. 14 crores. Additionally, with franchise fees of Rs. 30 lakhs.
Royalty Fees they charge : Royalty fees for a McDonald's franchise are currently 4% of gross sales. Franchisees also have to pay for advertising, which is typically 6-7% of gross sales.
Type of Franchise Model : The McDonald's franchise model is a traditional franchise model, which means that franchisees are granted the exclusive right to open and operate a McDonald's restaurant in a specified territory. Franchisees are also required to follow McDonald's strict operating procedures and guidelines.
Process of Applying for the franchise : If you're interested in getting a McDonald's franchise in India, the first step is to fill out an online application.
After your application has been reviewed, you'll be contacted by a McDonald's franchise representative to discuss the next steps in the process.
3. Subway
Subway is a franchise that was founded in 1965. It began franchising in 1974 and now has more than 44,000 franchise units worldwide.
Year in which it was founded : 1965
Franchising since which year : 1974
Initial Investment Required : The initial investment required to get a Subway franchise in India is between Rs 20 lakh to Rs 30 lakh.
Royalty Fees they charge : The royalty fees they charge is 8% of the gross sales.
Type of Franchise Model : In India, Subway offers both a dine-in and takeaway model.
Process of Applying for the franchise : To apply for a Subway Franchise, firstly, you have to request a franchise brochure with your details.
Then you will be contacted by the company for the related information about the franchise, and they will ask you to submit the application form on their official website.
4. Amul
Amul is an Indian Dairy, was founded in 1946 and has been franchising in India since 1955. It has over 4,000 franchise units in India.
India's White Revolution was sparked by Amul, which led to the country becoming the world's largest producer of milk and milk products.
Year in which it was founded : 1946
Franchising since which year : 1955
Initial Investment Required : It requires an initial investment of Rs. 10 lakhs.
Royalty Fees they charge : The royalty fees charged by Amul are 5% of turnover.
Type of Franchise Model : FOFO ( Franchise owned and franchise operated)
Process of Applying for the franchise : It offers a Master Franchise model in India. The Amul franchise is a great opportunity for those looking to get involved in the food and beverage industry in India.
In order to get the franchise, one must first submit an application form, which is available on the Amul website. After the form has been submitted, a representative from Amul will get in touch with the applicant to discuss further details.
5. Burger King
Burger King is an American based hamburger chain, was founded in 1954, and has been franchising since 1955. Now Its become in Top 10 franchise in India.
There are currently over 16,000 Burger King franchise units worldwide.
Year in which it was founded : 1954
Franchising since which year : 1955
Initial Investment Required : The initial investment required to open a Burger King franchise in India is approximately Rs. 2.25 crores.
Royalty Fees they charge : Royalty fees are 6% of gross sales.
Type of Franchise Model : Using the franchising business model along with a cost leadership strategy, Burger King remains competitive within the industry as of 2022 by blending a franchising business model with cost leadership strategies.
Process of Applying for the franchise : The franchise model is a partnership. If you're interested in getting a Burger King franchise in India, the process is relatively straightforward. First, you'll need to submit a franchise application, through their online portal.
Once your application has been reviewed and approved, you'll be able to start the process of opening your franchise. The process of opening a Burger King franchise in India generally takes 6-12 months.
Automotive Industry:
1. Royal Enfield
Royal Enfield is an Indian motorcycle manufacturing company founded in 1901, and has been franchising since 1984.
In India, there are currently over 200 franchise units.
Year in which it was founded : 1901
Franchising since which year : 1984
Initial Investment Required : The initial investment of Rs 50-1 crore is required and an additional franchise fee of Rs.1 lac.
Royalty Fees they charge : They charged royalty fees of 5% of gross sales.
Type of Franchise Model : The company offers a dealership model, wherein the franchisee is responsible for sales, service and spare parts. And is currently looking for franchisees in tier II and tier III cities.
Process of Applying for the franchise : If you are looking to apply for the Royal Enfield franchise, you visit their website to fill out the application form. Many details are captured to evaluate your background.
If Royal Enfield chooses you to be one of their dealers, they may contact you based on their background investigation and assessment.
2. MRF Tyres
MRF Tyres was formed in 1946 in Chennai. In 1984, MRF Tyres started franchising in India and now has over 500 franchise units across the country.
The company manufactures a wide range of tyres for cars, SUVs, trucks and buses.
Year in which it was founded : 1946
Franchising since which year : 1984
Initial Investment Required : If you're looking to get an MRF Tyres franchise in India, the initial investment required is Rs. 25 lakhs to 30 lakhs.
Royalty Fees they charge : The company charges a royalty fee of 5% of the franchisee's turnover.
Type of Franchise Model : The company offers a dealership model. The process of applying for an MRF Tyres franchise is simple and straightforward.
Process of Applying for the franchise : First, you need to fill out an online application form available on the company's website. Once your application is received, an MRF Tyres representative will get in touch with you to discuss further details which may take up to 5-6 weeks.
Retail Lifestyle Industry:
1. Fab India
Fab India is a popular Indian retailer that was founded in 1960.
Franchising began in 2002, and there are now over 100 franchise units in India.
Year in which it was founded : 1960
Franchising since which year : 2002
Initial Investment Required : The initial investment required to open a franchise is approximately Rs. 35 lakhs including merchandise
Royalty Fees they charge : royalty fees are 5% of gross sales.
Type of Franchise Model : Fab India uses a single-unit franchise model, which means that each franchise is independently owned and operated. Franchises are available in most major Indian cities.
Process of Applying for the franchise : To apply for a franchise, interested individuals must have a dedicated space and submit an online application.
The dedicated team will verify the details, guide through the terms of franchise agreement, The entire process may take upto 12 weeks.
2. Miniso
Miniso is a Japanese home goods chain that was founded in 2013.
The company began franchising in 2017 and has since expanded to over 3,000 stores in over 80 countries.
Year in which it was founded : 2013
Franchising since which year : 2017
Initial Investment Required : The initial investment required to open a Miniso franchise in India is approximately Rs. 70 lakhs.
Royalty Fees they charge : The company charges a 5% royalty fee on franchisees' gross sales.
Type of Franchise Model : Miniso has a single-unit franchise model, which means that each franchise unit must be owned and operated by a separate franchisee.
Process of Applying for the franchise : To get a Miniso franchise in India, you can go to Miniso's official website and give your contact details and questions related to franchise once selected, the application procedure will commence.
Alternatively, you may approach the Miniso zonal offices via their website, and they will walk you through the franchise application procedure. The process may take upto 12-15 weeks.
3. Lenskart
Lenskart is a leading eyewear company in India, founded in 2010. It started franchising in 2012 and now has over 200 franchise units across India.
Year in which it was founded : 2010
Franchising since which year : 2012
Initial Investment Required : The initial investment required for a Lenskart franchise in India is Rs. 25 lakhs to Rs. 30 lakhs and a brand fee around Rs. 2 lakhs.
Royalty Fees they charge : The royalty fees are 5% of the monthly turnover.
Type of Franchise Model : Lenskart follows a micro-franchise model, wherein each franchise unit is independently owned and operated.
Process of Applying for the franchise : The franchise process is simple and straightforward, and anyone interested in starting ab can visit the company’s official website and fill the application form for franchise registration.
Then the respective team will contact you for further process. This may take upto 3 weeks.
4. First Cry
First Cry is a leading baby care brand in India was founded in the year 2010 and commenced the franchising.
It has more than 250 franchise units in India.
Year in which it was founded : 2010
Franchising since which year : 2010
Initial Investment Required : The initial investment required is Rs. 20 lakhs to 30 lakhs.
Royalty Fees they charge : The company charges a royalty fee of 5% of the turnover.
Type of Franchise Model : The franchise model is a single unit franchise. The franchise offers an opportunity to be a part of the growing baby care industry in India.
Process of Applying for the franchise : To get the franchise in India, one needs to contact the company and submit an expression of interest.
The process of applying for the franchise includes an evaluation of the business plan and the financials of the applicant. The entire process may take up to 6-8 weeks.
Retail Furniture:
1. Pepperfry
Pepperfry is an Indian online furniture store that was founded in 2011.
The company started franchising in 2016 and currently has over 100 franchise units in India.
Year in which it was founded : 2011
Franchising since which year : 2016
Initial Investment Required : The initial investment required for a Pepperfry franchise in India is Rs. 15 lakhs to Rs. 40 lakhs.
Royalty Fees they charge : The royalty fees charged by the company are 5% of the monthly turnover.
Type of Franchise Model : Pepperfry follows a master franchise model and offers franchising opportunities to both individuals and companies.
Process of Applying for the franchise : Interested individuals and companies can get in touch with the company through their website and start the franchise application process. This may take upto 6 weeks.
2. Nilkamal
Nilkamal was founded in 1981 and began franchising in 2006. It has over 60 franchise units in India.
Year in which it was founded : 1981
Franchising since which year : 2006
Initial Investment Required : The initial investment required around Rs.20 Lakhs to Rs. 30 Lakhs.
Royalty Fees they charge : and the royalty fees are 5%.
Type of Franchise Model : The franchise model is a turnkey model. The Nilkamal franchise is a great opportunity for those looking to start their own business in the retail sector. The franchise also has a good reputation and is well-known in the industry.
Process of Applying for the franchise : Interested individuals can get the franchise by filling out an online application form.
The process is simple and straightforward. Once the application is received, a representative from Nilkamal will contact the applicant to discuss the next steps. This may take up to 4weeks.
Healthcare Industry:
1. Apollo Pharmacy
Apollo Pharmacy was founded in 1987 and has been franchising since 2004. There are currently over 1,000 franchise units in India.
Year in which it was founded : 1987
Franchising since which year : 2004
Initial Investment Required : The initial investment required for an Apollo Pharmacy franchise in India is Rs. 5 lakhs to 10 lakhs.
Royalty Fees they charge : Royalty fees are charged at 5% of gross sales.
Type of Franchise Model : The franchise model is a Master Franchise model. A Master Franchisee can have any number of Sub-Franchisees.
Process of Applying for the franchise : To get an Apollo Pharmacy franchise in India, one has to first approach the company and submit an expression of interest.
After that, the company will evaluate the applicant and if they are found to be suitable, they will be asked to submit a business plan.
Once the business plan is approved, the applicant will be asked to pay the initial investment and sign the franchise agreement. It takes 4weeks for entire process.
2. Dr. Lal Pathlabs
Dr. Lal Pathlabs is a leading diagnostic center in India. It was founded in 1949 and has been franchising since 2009.
It has a network of over 2000 franchise units in India.
Year in which it was founded : 1949
Franchising since which year : 2009
Initial Investment Required : The initial investment required for a Dr. Lal Pathlabs franchise in India is Rs. 3 lakhs to 4 lakhs.
Royalty Fees they charge : The royalty fees charged by Dr. Lal Pathlabs are 5% of the total revenue.
Type of Franchise Model : The franchise model of Dr. Lal Pathlabs is a master franchise model.
Process of Applying for the franchise : To get a Dr. Lal Pathlabs franchise in India, the interested party has to submit an application form available on the website of Dr. Lal Pathlabs.
After scrutiny of the form, the applicant will be called by the executive team within a week.
Benefits of starting franchise business in India
India is a land of opportunity for entrepreneurs. With a population of over 1.3 billion people, there is a vast market for goods and services.
Franchising is a proven business model that can be a great option for entrepreneurs looking to start a business in India. There are many benefits to starting a franchise business in India.
- One of the main benefits is that you will have the support of an established brand.
- Another benefit of franchising in India is that you will have access to a proven business model.
- Lastly, franchising can be a great way to grow your business. With the help of a franchisor, you can expand your business quickly and efficiently.
If you are looking for an opportunity to start your own business, franchising could be the perfect option for you. With the benefits of support, a proven business model, and growth potential, franchising offers many advantages for entrepreneurs in India.
Disadvantages of starting franchise business in India
There are a number of disadvantages to starting a franchise business in India.
- One of the biggest challenges is the high cost of entry. Franchisors often require a large up-front investment, which can be difficult to raise in India.
- Another challenge is the complex regulatory environment in India. Franchises are subject to a number of different laws and regulations, which can make it difficult to get started.
- Finally, it can be difficult to find qualified employees in India. While there is a large pool of potential workers, not all of them will have the skills and experience required to successfully run a franchise.
Conclusion
Franchising in India has a rich history and has proven to be a solid business model across all the industries. The growth of this sector has been significant in the last decade, and with the economic growth of the country, it is expected to grow further.
best franchise business in India are a great way to start a business with minimal risk in 2022.
Frequently Asked Question
Q1. Which is the most profitable franchise in India?
The food industry is the most profitable franchise in India. Amul, India's leading brand, founded in 1946 and began franchising in 2000.
Q2. Which is the best franchise business to start in India?
Courier and delivery service is the best low-cost franchise to start in India.
Here are my best picks:
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