In today's generation, people have understood that working from 9 to 5 every day doesn't allow them to take that next step to becoming financially independent.
So a lot of people are into start-ups. It is like jumping from one race into another and continuing to run. Unlike the other race, one might lose everything they have here.
So, it is substantial that one should step carefully here. If you're prudent enough, rather than starting from scratch with an idea, you can fully utilize an already well-established idea with a complete structure, i.e., Franchise.
Franchise organizations are like a manual to set up a business. A
successful franchisor will give you the whole setup for the firm.
It includes the operations manuals and training programs such as marketing, operations, accounting, technology, and other areas unique to the company model. You just have to start and straightaway focus on the revenue.
Franchises under five lakhs in India
Unacademy
Unacademy is an educational platform working with a motivation to create the most famous online knowledge repository for education in multiple languages.
Edtech platforms have gained much attention for their ability to provide knowledge remotely, thus bringing education to every nook and corner.
Unacademy is one of the popular tech platforms which sponsored even the IPL. It would be wise to invest in such a platform with an expected return of 100% on investment.
Founder's name: Roman Saini
Founded year: 2010, formal launch in 2015.
Franchise Launch Date: 2022
How Many Franchise outlet units: Less than 10
Royalty Fees: 15%
Investment Details: 2 - 5 Lakhs INR
Space Required: 0 sq ft
Company contact details: help@unacademy.com
The i-School
EduMETA team wishes to see a good change in education, to provide better and more affordable education to everyone. They have been one of the biggest brands training youngsters for higher education for over a decade.
Edumeta is a one-of-a-kind school that has developed a personalized and innovative education model. The rising two-parent work culture and the need for improved education are ideal for its success, with an expected return of 60% on monthly sales.
Founder’s name: Nayan Sharma
Founded year: 2004
Franchise Launch Date: 2018
How Many franchise outlet units: 100 - 200
Royalty Fees: N.A
Investment Details: 4.99 Lakhs INR
Space Required: 1500 - 2000 sq ft.
Staff Requirements: 5
Company contact details: support@edumeta.in
What a Sandwich
What a Sandwich is one of the cloud kitchen models that focuses only on delivering food. It cuts down floor space for restaurants and leads to lesser investment.
What a sandwich focuses on the less competitive area with health in consideration, thus improving the chances of attraction. They give an anticipated ROI of 100%, an excellent return for your business.
Founder’s name: Hussain J. Lokhandwala
Founded year: 2013
Franchise Launch Date: 2018
How Many franchise outlet units: 20 -50
Brand Fees: 50K INR
Royalty Fees: 7%
Investment Details: 50K -2 Lakhs INR
Space Required: 200 - 250 sq ft.
Company contact details: mumbai.kwan@gmail.com
Chai Lije
One of the major selling products in India is chai/tea. Chai Lije is a kiosk format chai restaurant that provides tea, shakes, and snacks affordably and hygienically with improved taste.
Chai-chain restaurants are a booming business in the market, taking less time to break even compared to other companies. It has an expected ROI of 158%, and within 6 - 8 months, you can regain the capital you invested.
Founder’s name: M.S. Rajashekar
Founded year: 2016
Franchise Launch Date: 2020
How Many franchise outlet units: Less than 10
Brand Fees: 1,50,000 INR
Royalty Fees: 2%
Investment Details: 2 - 5 Lakhs INR
Space Required: 100 - 150 sq ft.
Company contact details: info@chailije.com
Bounce Infinity - Battery Swapping Infra
It is a futuristic business and also a step toward Green Energy. It is a battery swap station where an EV scooter user can come in anytime to exchange his discharged battery for a fully charged one, reducing the time of charging a near-empty battery.
It has an anticipated return of 12% on investment, with the chances of growing further.
Co-Founder's name: Vivekananda Hallekere, Anil and Varun Agni.
Founded year: 2018
Franchise Launch Date: 2018
How Many franchise outlet units: Less than 10
Brand Fees: 15,000 INR
Royalty Fees: NIL
Investment Details: 2 - 5 Lakhs INR
Space Required: 10 - 15 sq ft.
Company contact details: https://bounceinfinity.com/contact
India First Robotics
India First Robotics is an educational and manufacturing company with an international presence. It focuses on imparting robotics coding knowledge to students from the school to college level.
The projection on return is 60%.
Founder's name: Vinay Kunwar
Founded year: 2009
Franchise Launch Date: 2013
How Many franchise outlet units: 100 - 200
Brand Fees: 50,000 INR
Royalty Fees: 5%
Investment Details: 50K - 2 Lakhs INR
Space Required: 300 - 500 sq ft.
Company contact details: bdm@indiafirstrobotics.com
IBT Institute Private Limited
IBT Institute is an educational institute that specializes in coaching students preparing for competitive exams like banking exams, Railways, CAT, SSC, CLAT, etc. Till the student is successful, the institute provides support is its unique feature.
The return expected is a staggering 200% on investment.
Co-Founder and Director's name: Pradeep Singh
Founded year: 2008
Franchise Launch Date: 2009
How Many franchise outlet units: 100 - 200
Brand Fees: 200000 INR
Royalty Fees: NIL
Investment Details: 2 - 5 Lakhs INR
Space Required: 800 - 1500 sq ft.
Company contact details: +917814961955 WhatsApp
Digital Pace
Digital Pace is an online coaching center that trains students to get a seat in their desired engineering and medical institutions. They train students for IIT-JEE, NEET, NTSE, KVPY, etc.
The expected capital return period is one month, and the expected ROI is 300%.
Founder's name: Praveen Tyagi
Founded year: 1999
Franchise Launch Date: 2022
How Many franchise outlet units: Less than 10
Brand Fees: 300000 INR
Royalty Fees: 60%
Investment Details: 2 - 5 Lakhs INR
Space Required: N.A
Company contact details: 18002025007
Coppergate Consultants
Coppergate is based in Mumbai. They work on recruiting executives and staff for IT and non-IT companies. They assist every franchise in training staff as well as managing operations.
The expected ROI is as high as 100%.
Founder's name: Owned by Franchise owners
Founded year: 2007
Franchise Launch Date: 2008
How Many franchise outlet units:50 - 100
Brand Fees: NIL
Royalty Fees: 20%
Investment Details: 50K - 2 Lakhs INR
Space Required: 300 sq ft
Company contact details: admin@coppergate.in
Brain Checker Techno Services
They focus on career counseling services for both parents and children. They have over 650+ counselors across the country and use scientific assistance to create a roadmap for career success.
The expected ROI is 200%. It is a beautiful opportunity for people looking to start a business on counseling services.
Co-Founder's names: Dr. Ashwin Raje and Keya Raje
Founded year: 2012
Franchise Launch Date: 2014
How Many franchise outlet units: 100 - 200
Brand Fees: 200000 INR
Royalty Fees :25%
Investment Details: 2 - 5 Lakhs INR
Space Required: 200 - 300 sq ft
Company contact details: consult@brainchecker.in
SuperKart 365
It is a one-of-a-kind digital business promotion system that incorporates eCommerce. Its main goal is to improve retailers' business in a particular locality. The Return on Investment is projected to be 78%.
People looking for a digital business opportunity are well suited for this platform. People who already own a business can also take the franchise for improvising their own.
Owners: Franchisors
Founded year: 2020
Franchise Launch Date: 2020
How Many franchise outlet units: 500 - 1000
Brand Fees: 30000 INR
- Royalty Fees: 70%
Investment Details: 50K - 2 Lakhs INR
Space Required: N.A
Company contact details: info@superkart365.in
Go Waterless
Go Waterless is a unique concept where the cars are washed absolutely with zero water usage, thus promoting an eco-friendly service. Within 1.5 years, they could grow their business into 85+ franchises.
It is a fast-growing business with a projected ROI of 100%. You can start this business without renting any space. It's a revolutionary business for people who want to start with less capital.
Founder's Name: Nitin Sharma
Founded year: 2019
Franchise Launch Date: 2019
How Many franchise outlet units: 50 - 100
Brand Fees: NIL
Royalty Fees: NIL
Investment Details: 2 - 5 Lakhs INR
Space Required: N.A
Company contact details: mail@gowaterless.in
Conclusion
It is not an easy task to run a business without any background. Franchises make that possible because it is ideally started and already established in the market and made sure it is a working model.
So for people looking to make a name for themselves in the market and grow as business owners, this setup is a boon. To run a franchise, you need not have any specialized degree, such as an MBA from IIMs.
Every training part is taken care of by the parent organization, thus bringing down your work to management. Even for that purpose, they provide you the training on what and all you need to take care of.
So take up a Franchise and start a new journey in your life as an independent business owner.
Frequently Asked Questions
Q1. What business can I start with five lakhs?
The businesses mentioned in this article come under the category of a business that requires a capital of up to 5 lakhs. You can choose any one from them based on your preferences.
There are multiple businesses that you can take up based on your field of education as well.
Q2. Which franchise is best in India for under five lakhs?
Every business mentioned in this article is well suited for the Indian subcontinent. You can choose the businesses based on your locality in India by doing market research on which will be an ideal business, depending on the average age of most people who reside there.
Q3. Which franchise business can I start with INR 5 lakhs in India?
If you are a person who wants to start a corporate business set up with five lakhs, then you can choose Coppergate. If you want to make good returns in a short period, you can go with Chai Lije. Ultimately, it boils down to your mindset.
Q4. What is the cheapest, most profitable franchise in India?
What a Sandwich is one of the cheapest franchises you can go for, and expect a good ROI of 100%. Go Waterless is also one of the most inexpensive and profitable franchises you can start in India, with an expected ROI of 100%.
But choose a franchise based on the demography.