Do you fear starting a business and it might fail? That is where the role of the franchise comes into play. Franchise businesses are gaining immense popularity in India, and 2024 is no different.
It is the best option because it provides an opportunity to expand the business, attract new customers, and establish a reliable source of income.
Whether a seasoned entrepreneur or just a beginner, it offers a great opportunity for everyone. However, choosing the right franchise business can be overwhelming because of various options.
From food to education franchises, this article features 15 profitable and best franchise businesses in India in 2024 to help you decide and choose the business that suits you best.
Which Franchise is Most Profitable in India?
Starting a franchise is a good idea because of the various benefits it offers such as you get the advantage of the established brand name, customer base, and marketing techniques.
Here the the best franchise business in India that you can consider in 2024.
1) Amul
You must have the Amul products from your childhood, creating a strong impression on your mind. According to Statista, Amul reported sales of over 550 billion Indian rupees in the financial year 2023 and has had an increasing growth rate since 2011. So, why not invest in this brand?
Amul is India’s dairy giant brand and already has a strong presence in the market. It has a widespread reach and is popular among many in India. All these factors make one of the attractive franchise opportunities.
Another factor that makes it a wonderful choice is its low initial investment and not charging royalties. It offers various products, from ice creams to milk products.
They also provide marketing support, training, and product supply, leaving you with zero worries.
The Amul is the best franchise business that offers good profit potential, although the profit margins may vary depending on the location, product mix, and other factors.
You can get a consistent income stream because the demand for dairy products and ice cream is never-ending.
2) Domino’s
Want a slice of success? Domino’s Pizza is a globally recognized brand and offers aspiring entrepreneurs or those who want to start a business various franchise opportunities.
It is popular among all age groups because of its diversity in the menu and efficient delivery system. It is the best franchise business in India because of its loyal customer base and innovative approach to the pizza industry.
They provide comprehensive support along with the best profit margins. If you are looking for a franchise in the food industry, Domino’s is the best for you because of its excellent brand image and quality to ensure customer satisfaction.
3) Kidzee
Kidzee is the leading preschool chain in India that ensures the best early childhood education. Early childhood education and development is becoming crucial, making it a preferred choice among parents.
It promises a fulfilling and profitable franchise business. It allows you to set up a preschool under the brand that provides a well-structured curriculum and interactive teaching methods.
It offers a great ROI (Returns on Investment) and assistance in marketing. However, the profit margins depend on the location and competition.
The Kidzee franchise offers an initial investment of Rs. 12 lakh while supporting operations and curriculum development. It is the best franchise business if you want to invest in the education sector.
4) VLCC
Are you looking for a beauty and wellness franchise business to invest in? Then consider investing in VLCC because it is a trusted brand that provides an extensive range of services from fitness to skincare and hair treatments.
From the VLCC Slimming Center to the VLCC Institute of Beauty & Nutrition, it offers various franchise options to accommodate different investment capacities and location preferences.
The diversity in their services helps attract a wider audience. The VlCC offers a great profit margin, making it an attractive choice in the current Indian market.
5) Lakme Salon
Salon is a requirement of everyone in India, whether for a man or woman. However, they all prefer salons with strong brand reputations and an established customer base, and Lakme Salon is no different.
Their initial investment is Rs. 50-60 lakh, making it an impressive franchise opportunity. With continuous popularity and salon requirements, this franchise offers a profitable business.
Their salon offers various beauty, hair, and skin services. The franchisors also provide training and operational support to achieve the best profits. Lakme Salon has established itself as a successful leading brand in the beauty salon chain and the best franchise business in India.
6) Jawed Habib Hair & Beauty
The hair styling industry is growing in India, making Jawad Habib the best franchise business. They are known for their quality and expertise.
They offer a solid ROI because of their loyal customer base and increased brand awareness. It has positioned itself as a strong leader in the hair care and styling sector.
You get hair styling, salon management, and customer service training, making it an attractive option. It offers a significant profit potential for franchisees.
7) Hero MotoCorp
Not only the beauty industry is the best franchise business option, two-wheeler industry has also gained popularity, including Hero MotoCorp. Opting for this franchise is a ride worth taking.
It provides a wide range of motorcycles and scooters. Through its dealership network, a wide customer base, and a variety of products, you can choose the Hero MotoCorp venture.
It offers after-sale service for customer satisfaction and retention. Like any other franchise business, it also provides training, marketing, and technical assistance support.
You can expect high profits because of the consistent demand of the customers for two-wheelers. However, profitability can vary depending on the location, sales, volume, and market competition.
8) KFC
Just hearing the name of this fast-food brand makes your mouth watery. KFC is renowned for its strong brand image, amazing product quality, and efficient operations.
KFC is a successful franchise model that allows entrepreneurs to own and operate its restaurants. It caters to various customer food preferences by offering multiple food options.
Although its fried chicken is the best-selling item, its signature dish. You can consider choosing this best franchise business because it offers various opportunities while providing comprehensive support.
9) Chai Sutta Bar
Chai Sutta Bar has made a place in the Indian food & beverages industry. It is a compelling choice because of its rapid expansion and popularity.
It appeals to many customers because it has established itself as a trendy and affordable hangout spot for everyone and chooses the location that customers can access easily.
It is a small franchise business in India with a franchise cost of about 6-8 lakh, with an investment of 16-18 lakh needed. It focuses on high-quality chai and snacks, which are in high demand.
They offer impressive profit margins, making it the best franchise business. This business does look promising, but consider various factors before making your decision, such as competition, location, and operational efficiency.
If you are also passionate about the food industry, what can be a better franchise than Chai Sutta Bar?
10) McDonald’s
We have been enjoying burgers, fries, beverages, and snacks from McDonald's for so long that it needs no introduction. It is not only popular in India but has a global outreach.
It is one of the world’s most successful franchises, offering the best franchise business opportunities. You can operate its restaurants easily after it grants you the license.
The Indian franchisee Westlife Development has also operated 357 McDonald’s restaurants across the country in FY2023 as mentioned in the Statista research report.
The company offers training support that allows you to function its operations efficiently. This globally recognized brand has access to various resources and networks, making it beneficial for those who opt for this franchise business.
It is a top franchise in India that offers great profits and a consistent income because of its immense popularity. However, you should still know the fast-food industry is very competitive. That is why considering various factors when choosing a franchise can be beneficial.
11) Jockey
Investing in a leading innerwear brand is also one of the amazing franchise business ideas. One of the leading brands is Jockey.
It has been in the Indian market for a long time because it offers the best comfort, quality, and innovative products. Jockey also provides a good franchise opportunity in India that you can operate through the brand outlets.
You can access the Jockey brand and operational support through its franchise model. It is the best franchise business that provides a comprehensive range of innerwear products for men, women, and children.
The innerwear is in continuous demand, making it a profitable venture and an attractive franchise option for many entrepreneurs.
12) Delhivery
Everyone got their parcels and couriers delivered through Delhivery. It is the best logistics franchise business that offers various franchise opportunities to expand its reach. It provides delivery services and has a wide network.
The initial investment just starts at Rs. 50,000, making it an accessible opportunity. It primarily offers two franchise models: local delivery and courier & sales franchises.
The first one manages local pick-up and delivery operations within a specific location. It allows you to set up a delivery center where you can handle all these tasks.
The other one handles the booking of parcels and documents from customers through the Delhivery-branded retail counter.
Its investment and profitability can vary depending on the location and commission structure. With increasing demand, this best franchise business provides rapid delivery solutions. If you choose them, you can become a part of this constantly growing online retail.
13) CarzSpa Detailing Studios
Various car owners want to give their cars a makeover or make them look more stylish. It makes the auto detailing industry in India quite popular, including CarzSpa.
It offers various services, from basic car washes to advanced PPF (Paint protection films). This helps accommodate different customers' needs and requirements.
If you are interested in the automotive detailing sector, then this is the best franchise business and opportunity for entrepreneurs. CarzSpa provides franchisees with car detailing techniques, management, and customer service training.
With rising car ownership, the demand for car detailing busines is also increasing. Its investment amount may vary based on the outlet and city you plan to operate in.
Recommended Reads: DIY Car Washing Tips at Home
14) Lenskart
The eyewear industry has been revolutionized by the most popular and recognizable eyewear brand, that is, Lenskart.
But did you know it has also ventured into the franchise model? Yes, Lenskart is also one of the profitable and best franchise businesses in India in 2024.
Its strong online presence, extensive range of products, and well-established brand recognition make it popular among many entrepreneurs.
Their profits increased further after they launched offline retail stores. Lenskart is a promising venture that offers franchise opportunities.
15) ServiceMaster Clean
ServiceMaster Clean is the best franchise business for individuals or businesses looking to enter the cleaning industry.
They can access the brand, training, support, and market assistance through its franchise model. This is a trusted brand that provides commercial cleaning services.
They may offer a good return on investment because, with strong customer relationships and smooth operations, ServiceMaster Clean can lead to a profitable franchise business.
Recommended Reads: How to start a Cleaning Business? A Comprehensive Guide
Factors to Consider When Choosing the Best Franchise Business in India
Consider these factors when choosing a franchise business in India in 2024.
Initial Investment
The first factor to consider when choosing the best franchise business in India is initial investment. This is because initial investment is required by every franchise.
It is important to determine your budget and financial capacity to decide which franchise business suits your requirements. However, don’t forget you receive higher returns if the investment is higher.
Location
Location is very important because it will decide whether you will make great profits or break your franchise business. Look for those locations that are easy to access and have high footfall.
Market Demand
Another essential factor is market demand. You can attract more customers and consistent profits if you choose a franchise business that caters to a high-demand sector. Understand market demand before you start or choose the franchise business.
Support and Training
The support and training are often provided by the franchisors, such as in marketing, operations, or customer service. Ensure that they offer comprehensive support, as it will help you succeed.
Bottom Line
If you are also looking for the best franchise business in 2024, you can choose any of the options above. They are all recognized brands that offer various franchise opportunities in India.
Whether in the food, beauty, car detailing, or cleaning industry, you can choose them depending on your preferences and budget because there is a franchise for every individual.
Enter the exciting world of franchising, but don’t forget to research and determine your options.
Frequently Asked Questions
Q1 How much does it cost to start a franchise in India?
Ans The cost required to start a franchise in India varies widely, ranging from a few lakhs to several crores.
Q2 Are franchise businesses successful in India?
Ans Franchise businesses have already established brand recognition, making them successful in India.
Q3 What support do franchisors provide?
Ans The support provided by franchisors includes training, marketing support, operational guidelines, and ongoing assistance.
Q4 Can I start a franchise with no experience?
Ans Yes, you can start a franchise with no experience, as the franchisors offer comprehensive training programs.
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