Best Cheap Franchise Business Ideas in India to Start
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Starting a business from scratch is challenging, but buying a franchise allows you to work with an established brand. A franchise gives you the advantage of a proven business model, brand recognition, and support. If you're looking for affordable franchise opportunities in India, you're in the right place! In this blog, we'll cover some of the best cheap franchise businesses you can start in 2024, with a special spotlight on Ajmera Fashion, one of the leading names in the textile industry.
Why Choose a Franchise?
A franchise business offers several advantages:
- Low Risk: Franchises typically come with a lower risk as the business model is already established.- Brand Recognition: Starting with a known brand gives you instant recognition, attracting customers without much effort.
- Support and Training: Franchise owners receive operational support, training, and marketing guidance from the franchisor.- Faster ROI: With an established customer base and operational systems, you are more likely to see faster returns on your investment.
While premium franchises can be expensive, there are plenty of low-cost franchise opportunities available in India.
What to Look for in a Cheap Franchise?
When choosing a low-cost franchise, consider these factors:
- Initial Investment: Look for franchises with an initial investment that matches your budget. Typically, a "cheap" franchise in India will have an entry point below ₹5 lakh.- Ongoing Fees: Be aware of royalties or franchise fees you’ll have to pay regularly.
- Market Demand: Pick a franchise that caters to an industry or niche with high demand in your location.
- Scalability: Look for businesses with growth potential, either by expanding locations or product lines.1. Ajmera Fashion - Low-Cost Textile Franchise
Industry: Textile & FashionInvestment: ₹3-5 lakh
Franchise Fee: ₹1 lakh (approx.)
Location: Pan-India
Ajmera Fashion is one of the fastest-growing textile companies in India, based in Surat, the hub of textile manufacturing. They offer a franchise model that allows you to enter the ever-growing apparel and fashion sector without massive investment. Ajmera Fashion is known for its diverse range of sarees, kurtis, lehengas, and more, and their affordable franchise model is perfect for those who wish to operate in the textile market.
The best part about Ajmera Fashion is that they provide end-to-end support, including product sourcing, marketing, and even online sales channels. As India has a strong tradition in textile and clothing, the demand for quality apparel is evergreen, making this a safe bet for anyone looking to start a business with a smaller budget.
Why Ajmera Fashion?
- Low Investment: Start with a low initial investment, and the returns can be considerable.
- Support: Full marketing and operational support, including training in retail management.
- Market Reach: With its affordable and trendy fashion, Ajmera has a nationwide market, both online and offline.
2. Kake Di Hatti - North Indian Cuisine
Industry: Food & Beverage
Investment: ₹2-5 lakh
Franchise Fee: ₹50,000 (approx.)
India’s food industry is always booming, and Kake Di Hatti offers an affordable entry into the popular North Indian food market. Known for their authentic, mouth-watering North Indian delicacies like butter naan, dal makhani, and paneer dishes, Kake Di Hatti is a great option for first-time franchisees. The franchise includes training, a proven menu, and branding materials to help you succeed.
Why Kake Di Hatti?
- Wide Appeal: North Indian food is popular across the country, guaranteeing high demand.
- Low Entry Cost: One of the most affordable food franchises available.
- Training and Support: Franchisees get extensive training and marketing support to ensure success.
3. Monginis - Bakery Franchise
Industry: Food & Beverage
Investment: ₹10 lakh (approx.)
Franchise Fee: ₹1 lakh (approx.)
Monginis is a household name in India’s bakery sector. If you're interested in opening a bakery, Monginis offers a well-established franchise model with a relatively low investment. Whether it's cakes, cookies, or quick snacks, Monginis' range of products is loved across the country. They provide an extensive training program and ongoing support for franchisees, ensuring that you can start your bakery business on the right foot.
Why Monginis?
- Brand Recognition: Monginis is a well-established name with loyal customers.
- High Margin Products: Bakery items generally offer good margins, making the business more profitable.
- Support: They provide product sourcing, training, and marketing support.
4. Lenskart - Eyewear Franchise
Industry: Retail
Investment: ₹20 lakh (approx.)
Franchise Fee: ₹2 lakh (approx.)
Lenskart has revolutionized the eyewear industry in India. With an easy-to-use online and offline hybrid model, Lenskart is expanding rapidly. The demand for affordable eyewear and eye-care services is growing, and Lenskart’s innovative business model allows franchise owners to leverage both online and in-store sales.
Why Lenskart?
- Booming Industry: The eyewear industry in India is growing rapidly, driven by increasing awareness about eye care.
- Omni-Channel Model: The business benefits from both online and offline sales channels.
- Training and Technology: Lenskart provides tech-driven solutions and full training support.
5. Jugnoo - Auto-Rickshaw Service
Industry: Transport & Mobility
Investment: ₹2-5 lakh
Franchise Fee: ₹50,000 (approx.)Jugnoo is a unique opportunity in the ride-hailing and delivery industry, focusing on auto-rickshaw services. With the increasing need for affordable public transport, this franchise model is gaining popularity in smaller towns and cities. Jugnoo’s franchise is one of the cheapest options, and the company provides comprehensive support in setting up your operations.
Why Jugnoo?
- Low-Cost Entry: A low investment franchise that taps into the growing demand for local transportation.
- High Growth Potential: Ride-hailing services are still expanding, especially in smaller towns.
- Operational Support: Jugnoo offers a full suite of support, including marketing, technology, and operational training.
Also read: Why is Clothing Franchise Business Popular In India.
6. Siyaram’s - Fabric and Apparel Franchise
Industry: Textile & Fashion
Investment: ₹5-10 lakh
Franchise Fee: ₹1 lakh (approx.)
Siyaram’s is another big player in the Indian textile and fashion industry. Known for high-quality suiting, shirting, and ethnic wear, Siyaram’s offers a reliable franchise model. The brand has a strong market presence, and its franchise business requires relatively low investment. If you want to enter the fashion world but prefer a more upscale brand, Siyaram’s could be the perfect choice.Why Siyaram’s?
- Well-Known Brand: Siyaram’s has been a household name for decades in the textile industry.
- Growing Market: The demand for formal and ethnic wear is growing, especially in Tier 2 and Tier 3 cities.
- Support and Training: The company provides extensive support, including product sourcing and retail management training.
Starting a franchise business in India can be a lucrative and relatively low-risk way to enter the business world. Whether you're interested in fashion, food, or transportation, there are many affordable franchise options available in India. Ajmera Fashion stands out as a great option in the textile sector due to its low-cost investment and extensive support, making it one of the best cheap franchises to consider in 2024.
Make sure you carefully evaluate each franchise's terms, fees, and potential ROI before making a decision. A franchise can offer the perfect balance of support and independence as you venture into entrepreneurship.
For Franchisee Enquiry, Call: +9163521 77288
Also Read...Low Investment Franchise Opportunities in Bangalore
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