5 REASONS A RETAIL FRANCHISE BUSINESS IN INDIA IS EVEN MORE IMPORTANT IN 2022
Written by Aditi Dec 11 2021
Retail franchises sell goods from a fixed location, such as a mall or kiosk. Retail franchise and business opportunities can be found in a variety of industries, including clothing, food, beverages, convenience stores, and so on.
5 Reasons for You to Start a Retail Franchise Business in India in 2022.
- Statistics Say That the Retail Franchise Business in India Is Growing Rapidly
- Support Is Provided by the Company to Start a Retail Franchise in India.
- It’s Less Risky Than Starting a Business From Scratch
- Franchise Businesses Are More Likely to Be Successful
Statistics Say That the Retail Franchise Business in India Is Growing Rapidly
According to a KPMG and Franchise Association of India (FAI) report, the Indian franchise industry's current estimated market size is US$ 50.4 billion, up from US$ 13.4 billion in 2012. Education, food, retail, and health, beauty, and wellness services are among the top prospects for franchisors in the United States. One of the most successful and popular business expansion models in the retail sector is franchising. It will play an important role in the growing services sector of the Indian economy in the coming years.
Support Is Provided by the Company to Start a Retail Franchise in India.
When you own a franchise, you have access to a variety of support services from the franchise company. The company can help with customer invoice processing, payroll accounts payable, and general operations support. It is the type of day-to-day assistance that you may not be able to obtain if you start a business on your own. In many cases, a franchise company will provide you with complete training and support to get your business up and running. It may also provide you with ongoing training in the company's business processes, marketing, and day-to-day operations. The franchise company has determined the best way for you to train your employees, so you do not have to develop the training system yourself.
It’s Less Risky Than Starting a Business From Scratch
When you start your own business, you build it from the ground up, and failures will cost you money, time, energy, and frustration. These pitfalls can be avoided with a franchise because you have a tried and true system to fall back on. A franchise business allows the owner to operate an independent business while reaping many of the benefits of a larger corporation. When starting a retail franchise business in India, you can even collaborate with friends and family.
Franchise Businesses Are More Likely to Be Successful
Starting a franchising business has several advantages over starting an independent business for a franchisee. One of them is that a franchise business usually has a higher success rate than an independent business for a variety of reasons. Retail franchise businesses benefit from well-experienced professionals, lower branding costs, a higher brand reputation, and other factors that increase their chances of success.
Franchise Businesses Are More Likely to Be Successful
Retail franchise opportunities allow you to use a well-known existing franchisor's name, branding, trademark, and products. Being a part of a franchise business provides brand recognition, teamwork, a solid reputation, publicity, and peer support. Retail franchising allows you to work for yourself while receiving assistance from others. Best Retail Franchise Opportunities in India include trading in clothing, supermarkets, IT, home & office, food, and medical stores, among other things. Unlike a sole proprietorship, franchising allows one to grow a business without incurring debt or incurring the cost of equity.
Some of the Best Retail Franchise Businesses in India for 2022 are mentioned below -
Pepperfry is India’s largest online Furniture and Décor company, with over 1.2+ lakh products listed and active on our website. Approximate 10-15 Lakhs Initial Investment, with Zero Inventory Carrying and Payback in less than 31 months as per business model.
Stovekraft is the largest kitchen appliances company in India. It strives to deliver innovative, user-friendly, and superior quality products at the best value to the customers, keeping in mind the prosperity of the company and its stakeholders. Its retail franchise cost in India is around Rs. 5-10 Lakhs investment and Rs.1-2 Lakh franchise fee.
Steel Hawk Traders have attained an impressive growth rate in the Global markets through visionary approaches to their remarkable manufacturing work. They have been fulfilling the growing demands and expectations of customers for various steel-based bottles & cups. Investment for this franchise is Rs.2-5 Lakhs and the franchise fee is around 50000 to 1 lakh.
PotsnPans is a growing company looking for people to take up their kitchen store franchise. They have a huge inventory that is home to over 150 plus international cookware products, spanning across saucepan, sauté pan, grill-pan, fry pan, milk pan, stick pot, stir-fry, wok, casseroles to innumerable kitchen accessories. Investment for this franchise is Rs.10-15 Lakhs and the franchise fee is Rs. 1-2 Lakhs.
Bestway Supermart is an online grocery store chain that is operated in the supermarket sector in India. It is a growing brand in the market. The Investment Range is Rs. 12-50 Lakhs and the franchise fee is Rs.2-5 lakhs.
Me n Moms is a one-stop shop that sells baby products online in India. It is designed in a manner that allows one to enjoy a hassle-free and fun online shopping experience. Investment ranges from Rs.30-40 lakhs and the franchise fee is Rs.1-50000.
Read more about Top Apparel Franchises 2021 here.
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