Best Business Ideas With 20 Lakhs Investment – Franchising has become a very lucrative option in India given how impossible the opportunities today are. Contrary to the common assumption that it requires a huge investment and takes a few years to make money, there are many franchises that are easy to buy and use with a small investment. In the next section, we will look at what the scope of a franchise business in India is, where to start and what are the best opportunities in India under 20 lakh.
How to get a Franchise Under 20 Lakhs Investment In India?
When it comes to creating a franchise in India, there are many tools available, but there are some ground rules to follow. It necessitates a solid business plan, money investment, and extensive research into the company niche you wish to acquire. Here are a few quick steps to help you learn how to get franchises in India.
- Know your niche: This is the most important step to starting a franchise in India. Whether it’s a small business idea or a unique business idea, you need to do proper market research for the franchise you choose. Demographics play an important role in finding franchise opportunities. For example, if you are in a Tier 2 city and are looking for a luxury brand, this could be a lost cause.
- Complete the process: After agreeing with the franchisor, register with the Department of Commerce. You must comply with all legal requirements to avoid future problems.
- License: Once validated, complete the licensing process. From Industry to Corporate Licensing – Fill out all your licensing documents before issuing a franchise.
- Ownership: Once all licenses and legal documents are in place, it’s time to move ownership. This must also be done through legal process with all paperwork.
- Ownership gives you access to brands, banners, logos, slogans, and more, as well as business methods, tools, marketing styles, and more to use when creating a franchise.
Best Business Ideas With 20 Lakhs Investment In India
1. Food Franchise Business Ideas With 20 Lakhs Investment
Because India is one of the world’s greatest consumers of fast food, most successful American companies such as McDonald’s and Subway have established a strong presence in the country. Fast food has been a preferred food alternative as the economic strata of urban households has risen rapidly. There are a variety of franchise opportunities in this area, ranging from small-scale business concepts to profitable big-brand food chains, where you may put your food management skills to good use. This sector includes a lot of popular franchises that can deliver fantastic returns for a 20 lakh investment. Here are some of the best culinary franchises that might help you start a business for less than 20 lakh.
- Kathi Junction
- Rolls & Bowls by FeedX
- U.S. Pizza
- Ghasitaram Halwai
- Sports Franchise
India has a deep love for sports, and is considered like another religion in the country. Therefore a sports franchise can be a best business idea under 20 lakh. If you have a good interest in sports and are looking for unique business ideas to set up in India, sports franchises can be your true calling.There are plenty of good and established brands whose franchise can be set up in India. Here are some of the small profitable business ideas that can be set up as a franchise business under 20 lakh in India.
- H2O Sports Franchise
- GoalSquad Sports Shop Franchise
- Playmart Sports shop
- Yoova Mart Sports shop
- Retail Franchise
In a developing country like India, most of the consumer sectors have grown exponentially in the last five to ten years. In retail and especially e-retail markets, the franchise businesses have done exceptionally well. Thanks to urban households that have given rise to preference of retail brands. Retail provides a range of products like grocery, clothing, supermarket chains, etc, and while these are unique business ideas or even with an investment of 20 lakh they are small-scale business ideas. With a minimum investment they can yield a good profit. Here are some franchises in the retail industry that can be the best business under 20 lakh.
- Vajor – women clothing line
- Ariave – home decor brand
- Nut lounge – Food and beverages store
- Hypermarket – supermarket retail store chain
- Clear Dekho – eyewear brand
2. Restaurant Franchise Business Ideas With 20 Lakhs Investment
If there has been a direct beneficiary of India’s consumerism then it is the hospitality sector and more specifically the restaurant franchise. Young India spends their weekends usually trying out new restaurants. It is therefore not new to see a rise in the restaurants in all tier-2 and tier-3 cities of India as well. A restaurant franchise is a profitable venture that can yield good returns. Some of the popular franchises available in the sector as best business under 20 lakh are:
- The J
- Oregano – The Organic Pizzeria
- Bos Red Chilly
- Momo food truck
- Wrap King
3. Education Franchise Business Ideas With 20 Lakhs Investment
With more people opting for building new skills, education is also a sector that has shown tremendous growth in the last few years. Whether it is for alternative skills, kids preschool or any other target age group, education is a sector that is safe from any kind of slump. There are some big brands that are available as unique business ideas, here are a list of upcoming education franchises that are best business under 20 lakh:
- ICON preschool
- Prerna Education
- Jumpstart Preschool
- The Learning Curve
- Amigo Academy Pvt LTD.
Also Read – How To Become Rich In India In Short Time (2021)
4. Health care Franchise Business Ideas With 20 Lakhs Invest
With a growing population, healthcare systems in India need to be constantly updated to meet with the increasing demands. A lot of healthcare franchises are available that can be small profitable business ideas for a minimum investment of 20 lakh.
- India IVF
- GMM Human Care
- Kerala Ayurvedic health care
- Thyrocare diagnostics
5. Business services Franchise Business Ideas With 20 Lakhs Invest
Apart from all the basic needs, there are tons of services that the urban middle class needs on a daily basis. Research has shown that the growing middle class strata in India, has now become more open to various services online. Here are some unique business ideas that can be applied to as a franchise. These are some of the upcoming business ideas under 20 lakh.
- Twinto cleaning services
- Universal InfoWiz
- Zool Ad Network
- eSeva World
India, with its population and growing economy, has grown exponentially in the franchise market and is expected to continue growing. By 2030, India will become the world’s third-largest consumer, after the United States and China, at around $6 trillion. This means that the Indian market faces the challenge of franchising opportunities with small business ideas and unique business ideas. As more and more people choose the path of entrepreneurship, it is expected that the franchise market will inevitably grow.
It is estimated that nearly 35% of franchisees on the market are beginners. The idea of franchising has a silver lining, so more and more people are focusing on franchising rather than startups. The creation of more franchises in India could address the economic inequality India is currently facing. Franchise stores can employ 30-40 people. You can increase that number only if you use the potential that the franchise company offers you. India’s bright dreams may come soon.
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