A franchise business is a business in which the owners, or “franchisors”,
sell the rights to their business logo, name, and model
to third party retail outlets, owned by independent, third party operators, called “franchisees”.
Franchises are an extremely common way of doing business.
Most of the franchisors are relatively new and small in India, although big MNC players are also in the market. Several large Indian corporate houses are also going the franchising way and newer & innovative concepts are being introduced.
Opportunities in Franchising in India exist in the following areas like Beauty Salons & Supplies, Business Services, Clothing, Computer & Internet, Consultancy, Consumer Services, Education & Training, Entertainment, Financial Services, Florists, Food and Beverages, Health Care & Fitness, Immigration Services, Interiors , Jewellery, Play School & Activity Centre, Retail and Travel.
Retail franchising within India, grew initially in the apparel & footwear sectors and has gradually grown to cover a wide variety of sectors including food, consumer durables, jewelry, books, home décor etc. in this type of business model, there are two varieties of Retailers…
- manufacturer-retailers – typically Product Distribution Franchises and
- aggregators – typically Business Format Franchises.
Substantial action is also happening in non metro locations, thereby spreading organised retailing over a larger footprint.
The franchise industry is growing at a rate of 30-35% per annum and the sales turnover of the sector was recently valued at over US$7 billion. It is expected that atleast same rate of growth is maintained in the near future.
The Education sector has so far dominated the Indian franchising scenario, and Retail is fastly catching up, but presently Food and beverage franchises are dominating the franchise sector (after boosting of online services providers like Swiggy,Zomato, etc for the Food & beverages Industry). One-third of new food outlets in India are established through franchise systems. Quick service restaurants and fast food outlets are the most popular, pointing to a shift in the pace of consumer lifestyles.
By 2022 it is estimated that the food and beverage industry will have doubled its workforce, providing plentiful employment within India.
What We as a Consultant do for your business?
· Help Business in spreading their business operation.
· Generate leads for the Franchise business.
· Collaborate with potential clients and act as bridge between franchisee & franchisor company.
· Assist Investors in choosing best franchise as per their interest & Rate of return (ROI / Payback Periods) at no cost from franchisee end.
· 24*7 available for you.