Some markets are highly saturated, if you think of pizza then you will come across pizza giants like Pizza Hut, Dominos, etc. In this highly saturated market, it is very difficult to make a spot for a new business. In such a case the best option is to set up a franchise business.
If you don’t know what a franchise business is then don’t worry because in this blog, we will tell you what a franchise business is and we will also be giving you a list of the top 10 franchise businesses in India.
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What is a Franchise Business?
A franchised business means getting the rights of someone else’s business to run it.
Whenever you go to get a sub from Subway, then you are going into a Subway franchise. The place is owned by a person who has the rights of Subway to run their business there.
The owner of the franchise gives rights to a person under the franchise’s established rules and regulations and for a limited time.
Setting up franchises helps businesses to penetrate deeper into the country and that too without permanently owning a place, as they lease the place. It also plays a huge role in the country’s development as it creates new jobs.
Top 10 Franchise Businesses in India
In today’s world, India is one most popular hubs for international entities. Here are the top 10 franchise businesses that are established giants in India.
Patanjali is one of the most trusted brands in India. It was established in 2006 by Baba Ramdev and Acharya Balkishan. It is a leading giant in ayurvedic products with revenue exceeding 200 crores.
Today this brand is trying to dominate other sectors like health, beauty, food products, and much more.
When you think of pizza then the name Domino’s sure pops in mind. In India Dominos is one of the popular pizza chains, it has over 500 outlets across 120 cities ready to deliver pizza 24/7.
This company was established in 1960 and now has become one of the most renowned pizza chains in the whole world.
Archies has a wide range of unique collections of gifts for all occasions, be it an anniversary or a birthday party. Archies was established in 1979 and It has around 500 national and international outlets that sell products like greeting cards, teddy bears, artworks, personalized gifts, and many more.
The quality of products that Archies delivers is very good. It is one of the most profitable business franchises in India when it comes to accessories franchises.
4. PMKVY Franchise
This is a flagship scheme of The Ministry of Skill Development & Entrepreneurship launched in 2015 by prime minister Mr. Narendra Modi. The duration of this scheme is 4 years and its primary target is to increase employment from 5%, which was in 2014.
It provides education and any skill-based training, with a target of skill development of more than 1 crore youth in 4 years.
5. Dr. Batra’s Clinic
It is one of the fastest-growing companies in the health care industry. It has 105 clinics across 45 cities in India. It is a single Indian homeopathy clinic that has their franchise located in 5 countries, which are India, the UK, Dubai, Bangladesh, Bahrain, and have provided safe and natural therapies to more than 1.6 million people globally. Outside India, they have launched 10 clinics.
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Kentucky Fried Chicken popularly known as KFC is one of the most profitable franchises in India and is a leading brand when it comes to fried chicken. It was started in 1939 and now has more than 20,000 branches globally spread over 115 countries. It was also ranked at 201 in the list of fortune 500 lists.
KFC provides a wide range of food for both veg and non-veg people, it serves more than 12 million customers every day.
7. First Cry
The most profitable franchise when it comes to baby brands, first cry deals in kid’s apparel, toys, and accessories designed for a baby. They have their goods of premium quality and at an affordable price and because of this they have earned huge customer base in past years. Customer prefers to buy first cry’s products over other brands’ products because of the quality and trust that the company has built.
This company has a wide range of optical lenses, sunglasses, and frames. It was started in 2010 and now is one of the most profitable franchises in India, it is also referred to as one of the fastest-growing companies globally.
It has stores in more than 1000 cities in India and delivers high-quality products at an economic price.
9. Lakme Business
One of the leading brands when it comes to beauty products for women, Lakme is a brand owned by Hindustan Unilever and has over 150 outlets spread over more than 75 cities in India. Their franchise is not limited to beauty care stores but they also have their own salon under their franchise’s name.
It was started in 1952 and since then has earned a huge fan base because of its products and customer service. From the day this brand was established, it has maintained its name and quality.
10. Amul Scoop
Amul ice cream is a well-known brand in India. Indian trusts Amul’s products blindfolded. It is one of the most profitable franchises in the dessert business.
These were the list of top 10 franchise businesses in India in 2023.
People fear that starting a franchise business costs millions, but little they know is that owning a franchise is a very good way to earn money while you sleep. A franchise business can yield you a very good amount of profit in just a short period. You will be working under the name of a brand, which will give your business a very good reputation, and it will be easier for you to attract customers. You do not even need to spend on advertisements because the franchise you own is already very famous. It is a no-brainer to start a franchise business.