Franchise Business in Bangalore: 4 Reasons Why Bangalore Is A Great Spot for Franchise Business.
Written by Aditi Dec 04, 2021
Bangalore is the capital of the Indian state of Karnataka. It is also known as Bengaluru. It has a population of more than ten million people, making it a megacity as well as India's third-most populous city and fifth-most populous urban agglomeration. In Bangalore, both aspiring entrepreneurs and established business owners are looking for new business opportunities.
So, if you want to start a new business in Bangalore but don't know where to start, don't worry! Here are four reasons why Bangalore is an excellent location for franchise business and also a list of some of the Best Franchise Businesses in Bangalore.
Why Bangalore Is A Great Spot for Franchise Business?
- Ideal Demographics of Bangalore
- Accessibility and Basic Infrastructure
- Potential for Growth of Franchise Business in Bangalore in the Last Decade
- The plethora of Franchise Business Opportunities in Bangalore
1. Ideal Demographics of Bangalore
Bangalore, India's fifth-largest city, is a rapidly growing and emerging market. International food brands and chains frequent the city, and it serves as a test market for many companies looking to export their products and/or establish partnerships in India. As its population becomes more familiar with international food brands and cuisines through food and beverage retail and foodservice providers, the Bangalore market holds potential for imported US food and agricultural products.
Bengaluru's economy contributes more than 87 percent to the economy of the state of Karnataka, accounting for 98 percent of the state's software exports. Among the first startups to be established in the city in the 1990s were Infosys, Wipro Technologies, and Mindtree, as well as smaller companies such as Tejas Networks. Flipkart, which was founded in Bangalore, acquired several other Bangalore-based e-commerce companies, including Myntra, before being acquired by Walmart in 2018 for nearly $20 billion. Swiggy, Ola Cabs, InMobi, Quickr, and other unicorns have their roots in Bangalore.
2. Accessibility and Basic Infrastructure
Bangalore is probably the only city in India that has been identified as a leading tech giant and a mecca for startups in the country, as India's Food and Pub Hub, and as a city with one of the best climates in the world. All of these factors, when combined, form an unrivaled formula that has helped Bangalore become the best location to explore some of India's top franchise opportunities. The city has a young and vibrant business seeker brigade that is not afraid to take risks when looking for business ideas in Bangalore.
3. Potential for Growth of Franchise Business in Bangalore in the Last Decade
The Indian franchising industry is growing at a rate of 30-35 percent per year and is expected to reach USD 100 billion by 2024. With over 4,600 active franchisers and nearly 2,00,000 outlets operated by nearly 1.7 lakh franchisees, India is already the world's second-largest franchise market after the United States. Multi-unit franchising has increased by more than 36% in the last two years. Business Opportunities in Bengaluru are quite diverse, with enough bandwidth to accommodate entrepreneurs from all walks of life. The investment required to start a franchise business in Bangalore can range from Rs 2 Lakhs to Rs 5 Crores and higher, depending on the business segment and services offered.
4. List of Top 5 Franchise Business Opportunities in Bangalore
- Hritvi Wellness
- Wax Touch
- Salon Perimeter
When looking for franchises in Bangalore, people can select any business ranging from food, hospitality, education, consulting, retail, and many more. The following are some of the Best Franchise Business Opportunities in 2022 for Bangalore that can offer promising returns over the next few years:
At Shell, we share a set of core values – honesty, integrity, and respect for people – which underpin all the work we do. We use advanced technologies and take an innovative approach to help build a sustainable energy future.
Franchising Since: 2018
Investment: Not revealed
Franchise Fee: No investment
Hritvi Group is dedicated to giving affordable health and wellness services by providing people with the right education through the use of technology platforms, educating new healthcare professionals on holistic, innovative, and personalized treatments to achieve the goal of providing accessible and sustainable healthcare for all.
Franchising Since: 2020
Investment: Rs. 20-30 Lakhs
Franchise Fee: Rs. 5–10 Lakhs
3. Wax Touch
Wax Touch is a chain of first-ever exclusive body waxing salons in India. By becoming a franchise owner, you shall get access to the know-how, the business knowledge, the support, and the keys to success so you can turn it into a profitable venture.
Franchising Since: 2021
Investment: Rs. 5-10 Lakhs
Franchise Fee: Rs. 2–5 Lakhs
The company, with its strong sourcing abilities and contacts, as well as a very strong technical team, the format was able to deliver high-quality service at very affordable rates to a large number of people who would otherwise hesitate to seek professional beauty services.
Franchising Since: 2017
Investment: Rs.20-30 Lakhs
Franchise Fee: No Investment
Teago comes with a unique proprietary blend of tea that soothes your taste buds and gives a shot of energy each time you take a sip. What makes their tea so special is the specific mix of ingredients, exclusive only to Teago, that creates a taste of its own and makes it nearly impossible to replicate anywhere else in the world!
Franchising Since: 2020
Investment: Rs.5-10 Lakhs
Franchise Fee: Rs.2-5 Lakhs
Consider your skills, experience, interest, and knowledge when analyzing and deciding which business opportunity is right for you. You can visit the website, connect with a franchise consultant and search for the right Franchise Business Opportunities in Bangalore for you.
Register To Take A Franchise at FranchiseBazar Or Call / WhatsApp: +91 98444 43200
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