Do you want to start a business that would involve less risk? Are you looking for the best franchise business in India? This article will give the readers a comprehensive list of the 10 most promising and rewarding opportunities of the best franchise business in India in 2024. Keep reading to learn about the breakdown of investments, potential profits, and how each franchise is different.
What is a Franchise Business?
A franchise business is an economic agreement where the owner of a business (franchisor) permits others (franchisees) to sell goods and or services under the franchisor’s trademark, business methods, technology, and procedures. Fees and royalties paid by franchisees are compensated by training, assistance, and the availability of the claimed brand. This model enables the growth of a business idea at a fast pace while at the same time standardizing service delivery from one branch to another.
They are cutting across nearly every industry, but are most evident in food joints such as fast food, retail shops, and hotels. They provide the businessman with an opportunity to own a business with little risk since there are pre-established techniques, which are followed and the franchisee receives constant guidance from the franchisor. But franchisees are bound by strict operating regulations and they have to split the revenues with the parent company.
Why Should I Select the Top Best Franchise Business in India?
Opting for the best franchise business in India offers several advantages:
1. Lower risk is accompanied by a capable business model
Franchises work on the basis of a successful business model; this means that the chances of failure are minimized because the system to be adopted has proved successful.
2. Instant brand recognition
It comes with ready market access since the brand is established and customers are aware of that brand and not as tasking as having to start from scratch and gain the public’s trust.
3. Education and assistance offered to staff members
Employees of franchisors and franchisees also benefit from training and support offered to owners of franchises and that is why employees are well prepared to enhance efficiency.
4. Established supply chains
Franchises are also characterized by efficient supply chain management; this means that inputs are well supplied, again eliminating logistical problems associated with the procurement of inputs.
5. Marketing and advertising assist
Marketing is usually managed by franchisors, providing the franchisees with professional marketing campaigns for customer attraction without additional pressure.
6. Proven operating systems
Franchises do provide better working models, which include systems and methods of buying supplies, handling clients, and other day-to-day procedures.
Top 10 Best Franchise Business in India
Now let us go for the list of Top 10 best franchise business in India opportunities.
1. Kalyan Jewellers
Investment Required: Starting from ₹1 Crore
Kalyan Jewellers, with over 43 years of business experience, is one of the most prominent franchise opportunities in India’s jewelry market. They have vast collections with designs in gold, silver, and diamond which would surely meet any preference.
Kalyan Jewellers caters to consumers at all levels of price since the jewelry pieces available are highly varied with respect to prices. All these years of experience had finally gone into the adding of repute for quality, which helped them gain a position in the Indian jewelry retail sector as a trusted name.
Key Features:
- Coverage of the brand in 21 states & UTs
- High-profit potential: 12%-20% net profit on sales
- Substantial investment in the development of franchisees
What You Need:
Space: 1000-2000 sq. ft.
Location: So it is advisable to choose the prime locations which are the most frequented by people.
Hence, good customer service skills
2. KFC
Investment Required: Starting from ₹96 Lakh
KFC has, in fact, managed to adapt to tastes in India and is turning out to be one of the very largest franchise opportunities in the food and beverage sector in India. The global fast food chain has, therefore, gained an important chunk in the Indian market by customizing its menu to accommodate the palates of its new tastes while retaining the flavor that belongs to it.
Known for its fried chicken, KFC franchise has managed to balance international standards with regional tastes that have contributed to its popularity among the Indian people, so much so that it has become a highly rewarding franchise investment in India’s restaurant market.
Key Features:
- Brand consciousness and identity
- Quality assurance with absolutely comparable procedures
- Sustainable supply chain management and business operations
What You Need:
Space: 1000-1500 sq. ft.
Location: Spaces that are profusely used or areas such as the food court to the extent possible.
Capacity to maintain good quality of foods and hygienic conditions.
3. Lakme
Investment Required: Starting from ₹50 Lakh
Lakme Salon franchise is the leader of the cosmetology industry in India and one of the country’s premier beauty sector franchises. With a heritage that has decades of reliable skincare and makeup products, Lakme salon franchises offer entrepreneurs a tried and tested business model built on a name customers trust.
The company has created an established system of support, having a long-standing customer base, and quality product innovation, making it a very attractive investment opportunity. The franchisees are given proper training programs along with marketing support and a deep understanding of the Indian beauty market, and they are well-equipped to reap the emergent beauty and wellness market.
Key Features:
- Wide product range: Cosmetics, derma, and aesthetic regimes
- High return on investment: 18%-25% ROI
- An innovative product and new products to the market
What You Need:
Space: 800-1000 sq. ft.
Location: Shopping mall or areas where there are lots of people passing by
Concern for beauty and Cosmetics
4. FabIndia
Investment Required: Starting from ₹50 Lakh
Fab India is one of the leading franchises today, with the best of traditional Indian crafts blended with modern design, in the form of a store. Originating as an ethnic fashion and home décor brand, Fab India offers a robust business model embracing all aspects of artisanal Indian heritage to its franchise partners.
The product range consists of handcrafted clothing, accessories, home furnishings, and organic personal care items. Given its vast market presence and loyal customer base, Fab India represents a compelling investment in India’s growing ethnic retail sector.
Key Features:
- Unique product offering: It is the modern interpretation of the traditional design.
- Market leadership category that performs far better than many of the international brands.
- Review of existing ethical business practices for the promotion of local artisans
What You Need:
Space: 1000-1500 sq. ft.
Location: Fashion-sensitive markets that are mostly found in urban regions
Understanding of Indians in terms of crafts and textiles
5. Hero MotoCorp
Investment Required: Starting from ₹50 Lakh
Hero MotoCorp Limited is India’s largest manufacturer of two-wheelers and an international automobile giant. The company was established in the year 1984 and is offering high-value franchises in the automobile space.
With its strong distribution network, consistent brand value, and large portfolio of products that range from two-wheelers to scooters, Hero MotoCorp franchises give great business opportunities. Support for franchisees, from the training to market and operational support, makes it an excellent investment for entrepreneurs looking to join the automotive retail business.
Key Features:
- Wide product portfolio from first to top brands of cars
- Wide brand image with showrooms located all over India
- Dealers are to be supported and trained as part of a complete package service.
What You Need:
Space: 2000-4000 sq. ft.
Location: Spaces that one can comfortably see without obstruction
The capability to control the sales, service, and spare parts departments
6. Jockey
Investment Required: Starting from ₹45 Lakh
One of the most admired brands in India, Jockey is finding a strong market position in the apparel segment of innerwear, sleepwear, and activewear. Strong market presence and consumer trust have made the franchise Jockey one of the most promising in India. Its product range with a wide variety, coupled with quality assurance and recognition, makes it one of the best franchises for aspiring entrepreneurs entering the apparel business line.
The business franchise model by Jockey thus represents a very good basis for the achievement of business growth, especially in its reputation, which has been managed fairly effectively, with the customer’s loyalty to be an inherent success formula within the immense and aggressively competitive Indian retail landscape.
Key Features:
- There is an increased brand recognition due to good quality products along with increased brand image due to comfortable products.
- Wide customer base: Clothing and accessories, novelties, for man, woman and child
- Effective inventory management systems
What You Need:
Space: 1000-1200 sq. ft.
Location: Shopping centers or crowded markets
Knowledge of fashion retail and shoppers’ characteristics
7. Kake Di Hatti
Investment Required: Starting from ₹43 Lakh
Established as Kake Di Hatti, a well-known restaurant chain, it brings authentic North Indian cuisine. It is such a hotel that maintains and serves rich flavors and traditional recipes to the world. With quality and consistency in its approach, it has reached the top of India’s franchisee business landscape.
Its diverse menu features aromatic curries and tandoori specialties, reflecting the true essence of North Indian gastronomy. Its success in gratifying food enthusiasts and entrepreneurs alike makes it a very interesting choice for those seeking profitable franchise opportunities in the competitive restaurant sector.
Key Features:
- Long-standing reputation: Over 90 years in the business
- Customer loyalty due to the high quality and great taste of the products.
- Unique selling proposition: Widest naans and popular items
What You Need:
Space: 1000-2000 sq. ft.
Location: Such regions have always had people with a passion for foods
Love for North Indian food and service
8. Domino’s
Investment Required: Starting from ₹30 Lakh
Domino’s Pizza has spread across the length and breadth of India with over 1,400 outlets scattered across the country and indeed leading the fast food sector in India. This massive network offers an extremely precious franchise opportunity for entrepreneurs in one of the most dynamic market segments in the country.
The strong brand identity, proven business model, and continued innovation in the menu and technology make it an extremely attractive option for potential franchisees. With India’s burgeoning middle class increasingly discovering a taste for convenience foods, Domino’s franchises are ideally positioned to capitalize on this trend and gain consistent growth within the complex fast food industry.
Key Features:
- Popular delivery system associated with fast and effective service delivery.
- High awareness and visibility of brands throughout the country
- Strengthening of technology supports order processing and delivery
What You Need:
Space: 1500-2000 sq. ft.
Location: It can also be areas of residences or business districts.
Agility to cater for both sit-in and delivery services
9. Jawed Habib Hair & Beauty
Investment Required: Starting from ₹25 Lakh
Jawed Habib is the name behind India’s hair care world, and he has made his mark in this very competitive beauty and grooming sector. One of the most phenomenal franchise business models in the country has been devised by him, which has brought great excitement to prospective entrepreneurs to step into this booming industry.
With an established brand name, long-term training programs, and a time-tested business model, Jawed Habib salons offer the platform for success. His salons are found in new-age techniques, quality services, and wide appeal that make his saloons most preferred by consumers all over India seeking professional hair care and styling services.
Key Features:
- Comprehensive services: Coiffeur, coupe, coiffure, beauty salon
- High brand awareness in the hair care market segment.
- Current trends and modern techniques in hairstyles.
What You Need:
Space: 500-1500 sq. ft.
Location: It is to be used in areas of high population density and especially where people are conscious of the latest fashion.
A specific interest in beauty and grooming
10. McDonald’s
Investment Required: Starting from ₹25 Lakh
McDonald’s, the global fast food market leader, entered the Indian market subsequent to a strategy very intelligently designed around adapting to the tastes and preferences of the local market. The company overcame the challenges in culture and diets by providing vegetarian products and items that could be found nowhere else but in the Indian palates.
It makes McDonald’s one of the hottest franchises in India’s QSR market. It has made it a kind of role model for international development in the fast food business franchise, particularly in markets as varied as India balancing global brand identity with localization.
Key Features:
- An established brand which automatically creates trust with customers
- The local menu which would more suit their Indian palate
- OTIF marketing support benefits from international and local marketing campaigns
What You Need:
Space: 1500-4000 sq. ft.
Location: A busy road, a commercial complex, a mall, a food court or an individual restaurant.
Good organizational skills to manage a large team of staff
Explore More:
Comparison Table of the Best Franchise Business in India
| Brand Name | Investment (Starting from) | Area Requirement | Profit Margins |
| Kalyan Jewellers | ₹1 Crore | 1000-2000 sq. ft. | 12%-20% |
| KFC | ₹96 Lakh | 1000-1500 sq. ft. | 7%-8% |
| Lakme | ₹50 Lakh | 800-1000 sq. ft. | 18%-25% |
| FabIndia | ₹50 Lakh | 1000-1500 sq. ft. | 17%-20% |
| Hero MotoCorp | ₹50 Lakh | 2000-4000 sq. ft. | 5%-10% |
| Jockey | ₹45 Lakh | 1000-1200 sq. ft. | 20%-25% |
| Kake Di Hatti | ₹43 Lakh | 1000-2000 sq. ft. | 20% |
| Domino’s | ₹30 Lakh | 1500-2000 sq. ft. | 8% |
| Jawed Habib | ₹25 Lakh | 500-1500 sq. ft. | 20% |
| McDonald’s | ₹25 Lakh | 1500-4000 sq. ft. | 29.36% |
Conclusion
Choosing the best franchise business opportunity in India depends on your pocket, talents and market trends. All of these highlighted top 10 opportunities can be very advantageous and can bring large amounts of profits. Let me make this clear, success in any business entails work, commitment and sound management.
Considering the best franchise business in India, it is essential to study the entire business and its background, review the franchise agreement and think about the franchisor and your strengths. If you make a proper decision and ensure the desired level of quality, you are on the right path to having a successful business in 2024 and further.
Frequently Asked Questions
What makes a franchise the best franchise business in India?
It has been found that the best franchise business in India consists of factors such as brand establishment, accurate business model, adequate support and a good opportunity for profitability.
What is the initial investment needed to kick-start the best franchise business in India?
The cost of investment for the best franchise business in India is between ₹25,000 to ₹1,00,000 or more as per brand and business.
What benefits does it have to begin the best franchise business in India?
Some of the benefits of franchising include; business format, name recognition, guidance, purchasing, and marketing help that can be availed by the best franchise business in India.
Is it possible to have a part-time franchise business in India and be the best?
Many of the best franchise businesses in India opportunities demand extended time throughout the business formation period. It’s advisable to consult the particular franchisor on the requirements.
What is the process of selecting the right franchise business in India for me?
If you want to find the best franchise business in India, you should look at the amount of money you want to invest, what kind of business you are interested in, the skills that you possess and the current demand in your region.
