By Shifa Qaiyum

One wants to quit their tiring 9 to 5 jobs and start their own business someday. But the thought of investing so much money and going to losses can be scary for you. Owning a franchise is one of the best ways to pursue your entrepreneurial dream.

A franchise is a business where the owner has already established a brand and gives a license of operation, branding, training, services, and products to someone by charging a franchise fee. You also need to pay a regular franchise fee to the franchisor to carry on using the brand name and product.

Best Franchise Opportunities under 50 lakhs in India

The development of cities has led to an increase in business opportunities. Different brands are ready to expand their business by giving out franchises to aspiring business owners.

5 Best franchise opportunities under 50 lakhs in India are:

What are the top franchises under 50 lakhs?

The top 5 franchises under 50 lakhs are

• Jawed Habib hair and beauty limited- It is one of the leading salon chains in India with over 500 stores across India.

Initial investment: INR 30-50 lakhs

Area required- 500 to 1,500 sq. ft.

• Academy of Broadcasting- It is a revolutionised radio broadcasting station.

Initial investment: INR 30-50 lakhs

Area required: 1,100 to 1,200 sq. ft.

• Gianis- Gianis is one of the oldest ice cream parlours in India with around 200 stores all over the country. It is known for its vegetarian ice creams.

Initial investment: INR 20-30 lakhs

Area required: 100 to 250 sq. ft.

• Barista- Barista has been serving hot coffees since the time cafe culture had not even set its foot in India. It is one of the Indian cafes.

Initial investment: INR 20-30 lakhs

Area required: 650 to 850 sq. ft.

• Figaro’s Pizza- It is a multinational quick serving restaurant which serves Italian cuisine. The company’s popularity has increased due to its quick, convenient and quality service.

Initial investment: INR 30-50 lakhs

Area required: 1,500 to 2,000 sq. ft.

• Latt Liv- The brand has eight categories. stationery, cosmetics, gifts & decor, homeware, digital, toys, purses & bags, fashion jewellery & accessories which are available at affordable prices.

Initial investment: INR 50-75 lakhs

Area required: 1,000 to 2,000 sq. ft.

• Riverine Enterprises- Their mission is to provide good quality ionizers at an affordable price in the market. They prioritize what a person actually needs to drink and everyone gets the benefits of ionized water.

Initial investment: INR 40-50 lakhs

Area required: 250 to 500 sq. ft.

These are some other franchises under INR 50 lakhs.

What are the best food franchises under 50 lakhs?

Here are the top 5 food franchises in India:

• Tea post -It is one of the leading tea cafes in India. Tea post sells quality and hygienic tea to fulfill your tea cravings.

Initial investment- INR 35 to 40 lakhs

Area required- 1,000 to 1,200 sq. ft.

• VarieTea- It is known for its unique blend of tea and has their own brand. The cafe is not only for teas but also provides delicious food.

Initial investment: INR 20-30 lakhs

Area required: 800 to 1,500 sq. ft.

• Costa coffee- This is one of the largest coffee chains in India that sells a perfect combination of delicate Arabica and Robusta beans.

Initial investment: INR 30-50 lakhs

Area required- 1,000 to 2,000 sq. ft.

• Xero degrees- It is a cafe with a cosy vibe with an American menu. This cafe sells people's favourite food which includes shakes, burgers, pizzas and classic fries.

Initial investment: INR 25-40 lakhs

Area required: 300 to 1,000 sq. ft.

• Udupi restaurant- It is an award-winning vegetarian restaurant which sells South Indian food.

Initial investment: INR 15-40 lakhs

Area required: 800 to 1,200 sq. ft.

There is a high growth in food franchises in India in recent years.

What are the best education franchises under 50 lakhs?

The 3 best education under 50 lakhs are

• UpGrad- It is an online higher education platform that provides world-class facilities to students.

Initial investment: INR 10-20 lakhs

Area required: 500 to 700 sq. ft.

• Prerna Education- It is one of the best IIT and JEE coachings with the technology-based education system.

Initial investment: INR 15-20 lakhs

Area required: 1,500 to 2,000 sq. ft.

• Toonskool- It is a major animation institute in India.

Initial investment: INR 12-20 lakhs

Area required: 1,000 to 1,500 sq. ft.

Click here: Top 10 educational franchises in India

Name the best healthcare franchises under 50 lakhs.

The 3 best healthcare franchises under 50 lakhs are the following:

• Oh!man Pvt. Ltd- This healthcare specializes in male health especially reproductive issues.

Initial investment: INR 40-50 lakhs

Area required: 1,000 to 2,000 sq. ft.

• The Happy Tree- It is one of the best rehab centres in India. They provide the best care to patients suffering from mental health.

Initial investment: INR 20-30 lakhs

Area required: 2,000 to 3,000 sq. ft.

• Ofy clinic- It is the fastest-growing clinic that provides hair treatments, skin treatments and body shaping.

Initial investment: INR 50 lakhs

Area required: 750 to 1,000 sq. ft.

Thinking of investing in a franchise in 2023? Let’s see what the top franchise businesses are so far.

The top 5 franchises of 2023 are

• Patanjali- It is a brand that sells ayurvedic and herbal products. It was founded in 2006 by Baba Ramdev and Acharya Balkishan.

Investment: INR 7 lakhs

Area required: 500 sq. ft.

• Domino’s- It is a leading pizza chain with over 500 outlets in India. It is also the largest brand for delivery service.

Investment: INR 30 lakhs

Area required: 1,500 sq. ft.

• Archies: It is a well-known gifting brand with over 500 shops.

Initial investment: INR 12 lakhs

Area required: 500 sq. ft.

• Dr Batra’s clinic- These provide homeopathic treatment of diseases like asthma, allergies, hair treatments, etc. As per the survey, they are a leading homeopathy company.

Initial investment: INR 35-40 lakhs

Area required: 500 sq. ft.

• KFC- Kentucky Fried Chicken is one of the leading fast-food restaurant chains. They are known for their varieties of chicken but they have also launched various vegetarian options.

Initial investment: minimum INR 50 lakhs

Area required: minimum floor area should be 500 sq. ft.

See more: Top 20 franchise businesses to consider in India in 2023.

Frequently Asked Questions

1. What is a franchise business?

Ans. A franchise business refers to the method of distributing the rights of a renowned brand, trademark and support system of a company to a franchisee in return for a certain franchise fee.

2. Give some benefits of owning a franchise business.

Ans. Some benefits of owning a franchise business are

• It is secure because it is owned by well-established brands which bring a lot of customers.
• The brand is already recognised so it already has a customer base.
• You get business support from the franchisors while running the business. You are provided with workshops, training, types of equipment, and advertising plans.
• You have a greater chance of earning profits because the business is already popular among consumers.

3. What are the best franchise opportunities under 50 lakhs in India?

Ans. The best franchise opportunities under 50 lakhs are:

• Food and beverages franchises
• Beauty and wellness franchises
• Courier and delivery
• Retail and lifestyle
• Furniture and home decor
• Education
• Healthcare
• Laundry and dry cleaning

See more: 8 franchise business under 50 lakhs

4. What is the minimum investment to own a franchise business in India?

Ans. Different sectors have separate investment requirements. The investment depends on the brand and franchisor. Some brands also require lands which are also a part of the initial investment. Investments varying from INR 10-50 lakhs are required for opportunities under 50 lakhs.

5. How can I choose the right franchise to invest in?

Ans. The following points should be kept in mind before investing in a franchise business:

1. You should consider your passion, skills, interest, and capability before choosing a franchise. Some franchises might require certain certifications before you can open them up.
2. You should do thorough market research about the brand’s reputation and demand for the products or services before buying a franchise.
3. Make sure that the franchisor is providing you with full support before and during the business set-up.

6. What are the recurring expenses of owning a franchise business?

Ans. You don’t have to pay just the initial investments of owning the business, but some ongoing costs are also there. The recurring costs include rents, utility bills, royalties or franchise fees, advertising costs and operational costs.

7. Will the franchisor provide support?

Ans. Yes, the franchisor provides assistance depending on the franchise. It may consist of training and workshops, marketing and endorsement support, connection to established distributors, and a verified business model.

Conclusion

There are various sectors that provide franchise business investments of under 50 lakhs with huge profits. You should invest in a franchise if you are ready to face some challenges not just for your interest. Do detailed market research and invest in the franchise business which is high in demand.