Start Your Own Business with Franchise Opportunities under 15 Lakhs

Share Blog:

Franchising is a way to start your own business by buying the rights to use a bigger company's brand and ways of doing things. This can be a safer option than starting from scratch because you get support from the bigger company, including training, help with operations and marketing, and a proven way of running the business. Starting a franchise can be less risky than starting a completely new business because people already know and trust the brand. This makes it easier to attract customers. Plus, This can help you get customers more easily. It also means you don't have to figure out everything on your own, which can be hard when starting a business.

What's great is that there are low cost franchise opportunities available for less than 15 lakhs. This means you don't need a lot of money to get started, making it easier for people with limited funds to become business owners. In this blog, we'll talk about different Low cost franchise under 15 lakhs and why they can be a good choice for starting a business.

Benefits of Low cost Franchise Business

Choosing a budget franchise business has many good things about it. You get to use a famous brand, have ready-made ways of doing things, get help when you need it, face less risk, and find it easier to get money to start. These are all reasons why franchising is a good idea if you want to start a business with less chance of things going wrong at the beginning.

Familiar Brand

Franchises are great because they use big brand names that people already know and trust. When customers see a familiar brand, they feel more comfortable and are more likely to buy from that business. This helps the business make more sales and keeps customers coming back. It's like when you go to a store you know and like because you trust their products.
Using a well-known brand also helps when dealing with other companies. Suppliers and business partners like working with established brands because they know they can rely on them. This makes it easier for the franchise to get good deals and work well with others. It's like having a good reputation that helps you in many ways.

Ready-to-Use Systems

Franchises have already figured out how to run their businesses smoothly. They have tested everything from how they do work to how they sell things. As a franchise owner, you don't have to spend time and energy figuring out how to do everything from scratch. You can use their proven ways of doing things right away. This helps you work better and learn faster, so you can focus on making your business grow.

Help and Guidance

The company you buy the franchise from helps you a lot. They give you training and help you pick the right place to start your business. They also keep helping you with how to run things day-to-day, do marketing, and give you access to useful resources. They have teams of people who are there to help you deal with any problems, do things the best way, and know what's happening in the industry. This support is really important, especially if you're new to owning a business or trying something new.

Reduced Risk

Starting a franchise is safer than starting a brand-new business from scratch. This is because you join a well-known brand that already has a good reputation. The company you buy the franchise from also helps you a lot. They have a proven way of doing things that work, and they support you along the way.
When you start a franchise, you're not starting from zero. The brand is already successful, the products or services are liked by customers, and there are already many customers who trust the brand. This makes it less risky compared to starting a business all by yourself, where you have to figure out everything on your own.

Access to Financing

Franchise businesses find it easier to get money from banks or investors. This is because banks trust well-known brands more than new ones. They see it as a safer bet to loan money to someone who's part of an established and successful business model. Having access to money can help you start your franchise and make it grow faster.

Franchise Opportunities Under 15 Lakhs

Here are some franchise opportunities that you can start with an investment of less than 15 lakhs:

Invest in a food cart franchise that offers popular snacks or beverages like ice cream, sandwiches, or juices. These can be operated in busy areas or near schools, offices, and parks.
Start a franchise that provides mobile phone repair services. With the increasing use of smartphones, there's a high demand for reliable repair shops.
Consider franchising an education center that offers tutoring services, skill development courses, or language classes. These centers can cater to students of all ages.
Invest in a fitness studio franchise that focuses on specific workout routines like yoga, Zumba, or high-intensity interval training (HIIT). These studios are popular among health-conscious individuals.
Start a franchise of a well-known beauty salon that offers services like haircuts, styling, manicures, pedicures, and facials. Beauty services are always in demand.
Franchise a travel agency that offers holiday packages, flight bookings, hotel reservations, and travel insurance. This can be a lucrative business, especially in tourist destinations.
Invest in a franchise that provides pet grooming services such as bathing, hair trimming, nail clipping, and flea treatments. Pet owners are often willing to spend on their furry friends' grooming needs.
Start a franchise of a courier and delivery service that caters to local or regional deliveries. With the rise of e-commerce, there's a growing demand for reliable delivery options.
Franchise a cleaning service that offers residential or commercial cleaning solutions. This can include regular cleaning, deep cleaning, and specialized services like carpet cleaning.
Invest in a coffee shop kiosk franchise that offers a range of hot and cold beverages, snacks, and pastries. These kiosks can be set up in malls, office complexes, or busy street corners.

These franchise opportunities cover a range of industries and cater to different customer needs, making them viable options for starting a business with a budget of less than 15 lakhs.

Factors to consider

When choosing a franchise, there are important things to think about to make sure your business does well. First, see if people in your area want what the franchise is selling. Check if the franchise has a good reputation by reading customer reviews and seeing how people think about it. Make sure the franchisor gives you good training and helps to run the business smoothly. Understand how much money you need to start the franchise, pay fees, and cover ongoing costs like rent and bills. Also, think about how the franchise can grow in the future and if it's a good fit for your goals. Do research, talk to other franchise owners, and get advice before you decide. Taking time to understand everything can help make your franchise successful and satisfying.

Franchise Success Stories (India) on a Budget

Starting a franchise on a limited budget can be difficult, but it's definitely achievable! Here are some inspiring stories from the Indian market:

Success Story: From Worker to Dosa King

Suresh used to work at Sagar Ratna, a famous South Indian food place. He dreamed of having his own restaurant. He saved money and got a loan to start with a small kiosk instead of a big restaurant. This saved a lot of money at the beginning.
Suresh focused on doing things well. He made sure customers were happy, kept things clean, and served food quickly. He also joined in local events to get more people to come to his place. Now, Suresh's restaurant is doing great. It shows that you can succeed even if you don't have a lot of money.

Important Things Suresh Did:

Picked a Good Spot: He chose a place with low rent but lots of people passing by.
Worked Efficiently: He made things run smoothly and didn't waste anything.
Cared About Customers: He gave great service and got to know the people in the area.

The Fitness Fanatic: Anjana's Journey with Cult.Fit

Anjana really likes fitness and wanted to do something new for work. Cult.Fit, a big chain of fancy gyms, said she could run one of their gyms. They had different options for how much money she needed to start. Anjana chose a smaller gym to save money. She put it in a good place near where people live and work, so the right people would come.

Anjana used social media a lot to tell people about her gym and made special deals for them to join. She also became friends with local fitness teachers to make her gym different and fun. Now, her gym makes money, showing that if you love what you do and plan carefully, you can succeed even with less money.

Important Steps:

Learn About Franchises: Look into different franchises that let you start with different amounts of money.
Advertise to the Right People: Use social media and team up with local businesses to get the word out to the people you want to come to your gym.
Make Your Gym Special: Offer something different to your customers so they love coming to your gym.

Wrap-Up: Starting Your Franchise Journey

In this blog, we've talked about how starting a franchise with a limited budget can be a great way to own your own business. We discussed important things to think about, like if people want what the franchise is selling, if the franchise has a good reputation, and if it offer good training and support. We also looked at how much money you'll need to start and keep the franchise running, as well as the potential for the franchise to grow in the future.

We shared stories of people who started successful franchises with limited funds, like selling ice cream, fixing phones, teaching languages, and running fitness studios. They showed us that with hard work and smart decisions, anyone can make their franchise business a success.

So, if you're thinking about starting a franchise, do your research, talk to other franchise owners, and take the steps needed to make your dream of owning a business a reality. It's possible to achieve success with a franchise, especially when you choose the right one and put in the effort to make it through beyond your imagination.