Everything You Need To Know About The Best Franchise Businesses in Chennai
Written By Anjali Dixit Dec 16 2021
India has become the most diverse and vibrant economic region in the globe. Its enterprises focus chiefly on the service sector and rapid economic advancement that appears to drive India into an economic superpower. India has remarkable corporation geography which can be felt at a provincial level, where considerable and immediate urbanization has progressed as an impending result of population expansion and spatial division to the economic cores and developing cities like Chennai.
Here, we'll try to explore the reasons and possibilities behind having the best franchise in Chennai. Without further ado, let's hop onto for the ride!
Ideal Demographics & Economy of Chennai
Chennai has an assorted economic base which is anchored by the software services, automobile, healthcare, hardware manufacturing and monetary services industries.
According to the Confederation of Indian Industry, Chennai has estimated to develop to a US$100 billion economy which is 2.5 times its present amount, by the year 2025.
Chennai is categorized as a global city by GaWC with a ranking of Beta based on the degree of global reach and monetary influence. It is assessed that about 400 financial industry corporations and firms are headquartered in the city. The Chennai area implies an unusual alternative to establish economic growth in India but generates many challenges relating to the rapid urbanization, environment, and quality of life.
Accessibility and Basic Infrastructure
Chennai is one of the four Indian cities engaged with the rest of the realm and neighboring cities and countries by undersea fiber-optic cables. The city is the dock point of a prominent network of submarine telecommunications cables. Chennai is recognized for its progressive medical and health care facilities, involving both government and private hospitals. The National Institute of Siddha, one of the seven apex national-level educational institutions, that emphasizes excellence in the Indian system of medicine and Ayurveda. In terms of passenger traffic, Chennai International Airport is the fourth busiest airport in India. Chennai also has permits for a vast network of rail, land and sea transport. The human capital and resources owing to its great population makes it even more favorable for setting up business firms and corporations in Chennai.
Potential for Growth of Franchise Business in Chennai in Last Decade
When opening a business, several various factors may cross your mind. It could be exceptionally impossible to predict when it advances and the business standard prospers, it can also occur as very rewarding. That's why mostly entrepreneurs are leading towards developing a franchise model to execute it more remarkably and accomplish the great success of fulfilling their dreams to certainty.
Buying a franchise gives rise to a lot of stress as well as excitement. It needs a proven business model and acceptable work experiences and practices for the investment into a profitable business franchise, particularly in Chennai. Chennai has a hold of a massive variety of business franchises that could be very beneficial to kickstart your very own business.
Post covid-19 major wave phase, India has seen a rise in the following business franchises
Food & Beverage
They are said to have an upgrade in their economy expansion rate by a factor of two as noted by trusted resources at numerous platforms. This is where we, FranchiseBazar, come to service. We help you select the best in class business franchise, keeping in mind your provisions, demands and funds. We have a group of experienced franchise consultants who with their expertise and knowledge will help you analyze the choices, also help in document procedures and give you the satisfactory response you were searching for.
Here is the list of a few best business franchise opportunities in Chennai from amongst various segments:
Plethora of Franchise Business Opportunities in Chennai in Various Business Segment
Food & Beverage Franchise
It is a food culture company that creates spaces for its customers to dine healthily and make heartfelt memories. They prioritized the customer experience and meticulously crafted every fine detail, such as providing reading and dining areas in our cafes. We make our own burger patties and don't use any preservatives. In addition to burgers, we offer sandwiches, fries, milkshakes, mojitos, appetizers, and coffees.
Franchising Since: 2021
Investment: ₹20-30 Lakhs
Franchising Fee: ₹2-5 lakhs
DrAtDoorstep is one of the innovative and unique healthcare start-ups that delivers services so that it can bring the ‘’Family Doctor Clinic’’ to the doorsteps of patients at a very economical and affordable rate. It is a unique health care delivery system that uses Health Informatics. DrAtDoorstep was launched in February 2017 under NISARG WELLNESS PVT. LTD. in Vadodara. An innovative concept is to provide a high quality of health care services using information and technology at your doorstep.
Investment: ₹10-15 Lakhs
Franchise fee: ₹2-5 Lakhs
Space: Less than 250 sq ft
Sarangi is a Kanjivaram Sari store which gives opportunity to acquire a Sarangi franchise which has hand-picked designer wear silk sarees. Sari is the traditional outfit of an Indian woman and any woman would strive to buy a designer or silk sari for a special occasion, be it a wedding, party or a festival. The main objective of Sarangi is to approach women all over the globe who have a particular taste and liking for silk sarees and it also anticipates to provide women entrepreneurs an opportunity to own a franchise which aids in evolving their career and professional associations with the clients.
Investment: ₹75 Lakhs -1 crore
Franchise fee: ₹2-5 Lakhs
Space: 1000-2000 sq ft
Check out the complete guide for A Complete Guide to Starting the Franchise in India Under 20 Lakhs in 2022 here.
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