Written By: Yukta Palekar

Would you like to know which franchise proves to be a good investment in Bhopal? This is the place for you! Owing to its rich heritage of development and growth over the last few years, Bhopal which is a manufacturing centre for electrical goods, chemicals, medicine, jewellery, sporting, and fitness equipment is has a readymade market.  Bhopal being the capital of Madhya Pradesh State, India, having the largest number of institutes of national significance and one of the first twenty smart cities, Bhopal has attracted number of existing business investors to franchise out. Though it has a conventional retail business populace, there are several ways for entrepreneurs considering a new franchise business in India to take advantage of the opportunities.

Why Bhopal is a Prime City for Franchising

• Capital City of Madhya Pradesh: Distinguished for its contemporary as well as traditional aspects and excellent wealth of culture. Contains museums, historical places, and Van Vihar National Park.
• Growth in Various Sectors: Considerable growth in various sectors. The potential for franchising is increasing for the business-minded people and franchisees.
• Diverse Population and Food Culture: Presents special food franchises based on regional cuisine. This appeals to the locals as well as the tourists.
• Presence of International Fast-Food Chains: Presence of fast-food establishments like KFC, and McDonald’s among other global fashion brands.
• Dynamic Market for Franchises: A wide range of franchise business opportunities exists. Attractive conditions for business establishment and expansion are available.
• A Thriving Hub for Entrepreneurs: With the expansion of repairs market and business-oriented policies in Bhopal, the city figures as an apt place for franchise expansion.

Leading Brands Franchise Opportunities in India: 

Royal Orchids and Regentia Hotels

SkylarkGroup of 4-5 Star hotel franchisees in India, founded by hotelier and businessman Chander Kamal Baljee around fifteen years ago, and today operates more than seventy five properties across the pan of the country.

Pure Valley Dairy

Reputed family brands in dairy and skin care. Promotes health and wellness through nutritious products.

Bhopali Chaii Cafe

A brand new enterprise which introduces modern coffee and interesting tea varieties. Subscription service “Sub-Chai” for personalized order and delivery. Cost-effective plans for both long and short time span services.

Chai Ho Jaye

Launched in 2018 featuring a diverse range of teas, coffees, and snack bars. The franchisees deliver quickly, accept online orders and event bookings, and take event orders. Whose plan is to become a casual tea lovers place.

Customized Keychains

A new franchise business based in Bhopal. Offers a hybrid business model combining online orders with doorstep delivery. Targeted at entrepreneurs looking to expand.

Adorable Handicrafts

All types of gifts for every occasion being offered by one of the most preferred jewellery franchise. Cities such as Bhopal, Indore, Jabalpur, Damoh and Sehore are under expansion.

Harirram Namkeen

Founded in 2020, specializes in Indian snacks. More than 25 varieties, working with craftsmen to ensure authenticity. Looks for low investment and few prospects for franchisees.

Lakme Salon

Hospitalty industry wanting towards growing franchisees. Meera includes salons and spa with the household name. Sloating angdesa inkingdome, the company dey, creating opportunity hearts for professional hairdressers.

PC Jewellers

Leading fur shelver praias designs fiyeis worulin. Housing a boutiques chain retail reach uzziol4grin cyr&nagama. In 60 cities of 17 states with ice jewelery. Fashion focused jewellery chain includes the experience of franchise operations supporting the model for promotion capitalisation.

Investing in franchise businesses like Royal Orchids and Regenia Hotels, Pure Valley Dairy, Bhopali Chaii Cafe, Customized Keychains, Adorable Handicrafts, Harirram Namkeen, Lakme Salon, and PC Jewellers offers entrepreneurs the chance to be part of thriving industries. With focus on quality, local partnerships, and affordable franchise models, these businesses present excellent opportunities for growth and success.

Madhya Pradesh: Developments in Agriculture, Investment, and Industries

• Agriculture and Allied Sectors: Mainly agriculture-based state with a decade development in agriculture.
• Investment-Friendly Environment: Facilitated investment synchs and integrated investments systems were introduced. Came on 4th position in ease of business index.
• FDI Inflows: Cumulative FDI inflows worth of US$ 225.7 Million between October 2019 and September 2020 (DPIIT)
• Potential for Manufacturing Hub: Sufficient land, Narmada’s water, power surplus, and skilled institutes. Good for auto-sector, food processing, textiles, and garments, defines sector, logistics and warehousing.
• Pharmaceutical Industry: Counted about 280 pharmaceutical units present.
• Wildlife and Conservation: Referred as the ‘Tiger State of India’ with diverse Wild Life.
• Though agriculture in Madhya Pradesh has advanced, the place is business friendly and has potencial for the growth of manufacturers in the other sectors as well. The growth of its pharmaceuticals, logistic and wildlife conservation Others, countries’ economies are strikingly inter-linked in India.

The Value and Benefits of Franchises in India

Franchise Model Overview

Aids the international corporations and the brands in penetrating the Indian market. Covers creative, management, legal, and education support to the franchisees. Franchisees are required to pay an initial rectifying payment and ongoing maintenance fee.

Mutual Benefits for Franchisors and Franchisees

Franchisors and franchisees benefit from shared revenues. Franchisees gain access to an established consumer base, creative assistance, legal support, and training.

Thorough Investigation of Business Partners

Investors should research potential partners and stick with well-known brands for safer investments.

Advantages of Franchising: 

• Provides training and technical know-how to franchisees. Allows for rapid business expansion. Lower operating costs and reduced risk for franchisees. Strong branding support and easier access to capital.
• Franchising is a profitable and viable business model in India, offering significant support and reduced risk for investors, while also driving rapid expansion and brand recognition.

Advantages of Starting a Franchise Business Other Than Setting Up Your Own

Established Brand Recognition

Franchises provide a trusted brand with a proven reputation, making it easier to attract and retain customers.

Proven Business Model

Franchises offer a tested business model, reducing the need for trial and error in strategy implementation.

Support and Training

Franchisors teams gives the facilities in site selection, lease negotiation, marketing, and operations training to help you succeed.

Marketing and Advertising

National and regional marketing efforts are managed by the franchisor, saving time and costs.

Lower Failure Rate

Franchise businesses have a lower failure rate due to their established success and continued support from the franchisor.

Easier Access to Funding

Lenders are more inclined to provide funding to franchises due to the established business model and lower risk.

Shared Buying Power

Franchisees benefit from bulk purchasing power, leading to lower costs for supplies, equipment, and insurance.

National or Regional Presence

Franchises often have a wide presence, attracting customers already familiar with the brand.

Turnkey Solution

Franchising offers a ready-made business model, allowing you to focus on operations and growth instead of building from scratch.

Exit Strategy

Selling a franchise is often easier and can result in a higher valuation compared to independent businesses.

Franchising offers numerous advantages, such as brand recognition, proven models, support, and a lower failure rate, making it a more attractive option than starting an independent business.

Conclusion

There are a lot of brands and franchises that one can venture to with in Bhopal. The potential of the city is pretty evident as the investments are high and the city is rated to go places. For this reason, it would be advisable to start a franchise in Bhopal by 2024. Head to FranchiseBazar top franchise opportunities and book an appointment with one of our consultants. Beging with this investment, Bhopal’s potential should be fully harnessed.

Disclaimer: The brands mentioned in this blog are the recommendations provided by the author. FranchiseBAZAR does not claim to work with these brands / represent them / or are associated with them in any manner. Investors and prospective franchisees are to do their own due diligence before investing in any franchise business at their own risk and discretion. FranchiseBAZAR or its Directors disclaim any liability or risks arising out of any transactions that may take place due to the information provided in this blog.