Introduction–
Franchise business in India is a popular and profitable venture that allows businessmen and entrepreneurs to use funds for effective business processes without the burden of starting a whole new business from scratch. Several famous brands in the Food Industry, such as One Bite, Rasoi Junction, and Chai Sutta Bar, are available under Rs 20 lakhs.
Franchise Business in India–
Franchise Business in India is growing rapidly due to several supporting factors helping franchisees to run a well-managed business to gain consistent profitability and growth. The franchise business model has a lower risk of financial losses and business failure than an independent business venture, making it suitable for wider investors. The Franchise business in India is supported by strong brand recognition and an established customer base, which leads to positive business operations and high potential of profit and success. India is a decent location for a food franchise business due to its diverse and growing population, growing demands of different and convenient food options, growing economy, increasing buying power of the population on food and rich food culture.
How franchise is better than an Independent business?
A Food Franchise in India is better than an Independent business in the following ways-
- A Franchise business has a low risk of business failure due to a proven business model.
- A franchise business offers established brand recognition, unlike an independent business.
- A Franchise business in India gets the benefit of favourable market conditions.
- A franchise business offers ongoing support and training programs to franchisees.
- A franchise business in India offers access to economies of scale
Franchise under 20 lakhs in India–
One of the best Food franchise under 20 lakhs in India is One Bite Company due to its efficient franchise model. One Bite company is one of the most famous and fastest growing brands in India recognised for its diverse menu, high-quality ingredients, affordable products and consistent customer services. One Bite offers effective brand recognition in the market that leads to good sales and profitability right away by accessing a loyal and large consumer base. One Bite Franchise Model and operational processes are proven in the market, making it suitable to run and earn effectively.
How to start a food franchise under 20 lakhs in India?
- Search and choose a famous, supportive and growing Food brand like One Bite.
- Assess and align the budget and financial readiness for the business
- Keenly review the franchise agreement (royalty fees, initial investment, level of control, etc.)
- Acquire all necessary documents and certificates for legal compliance
- Choose a suitable location (high visibility, accessibility, foot traffic, etc.)
- Access and complete initial training programs and operate accordingly to meet brand standards
Conclusion–
To conclude, a food franchise in India is suitable for investors as it possesses a low-risk of business failure and financial losses due to a proven business model, access to training and operation support. Individuals may prefer One Bite company to start a franchise under 20 lakhs because it is a growing brand with high demand in the market.
