Written By: Yukta Palekar

A unique compilation of the top 10 food franchises in India under ten lakhs is available in 2024. Moreover, it provides future entrepreneurs with prospects that are not expensive but highly lucrative. Therefore, for anyone desiring to be a business owner, these franchises are affordable and attractive. This is since they offer delectable culinary experiences at an attainable price. When making a choice nowadays, potential franchisees refer to the food franchise for sale within this investment benchmark.

As for the diverse array chosen so well, it caters for many varied tastes and this appeals to smart businesses who may also happen to be ardent foodies.

The list provides new ideas as well as old favorites that could become hidden gems in the Indian cuisine franchise industry by 2024. These franchises will not only tantalize taste buds but also affordably pave way to success as an entrepreneur.

Because of the considerable growth of the food franchise sector in India over the past few years, potential business owners are searching for affordable franchises.

As there are many possibilities, people with little money are increasingly seeking investments that cost 10 lakh rupees or below. This alteration has opened up fresh prospects for entrepreneurs who do not have much capital to invest in their projects.

Entrepreneurs are now actively exploring franchising models that can strike a balance between a manageable initial investment and the opportunity for substantial profit margins.

The article examines top ten affordable food franchises for sale in India.

Top 10 Food Franchise for sale under 10 Lakhs in India

GIANI'S FRANCHISE

Founded in 1956, Giani's is a well-known company that specializes in shakes, ice cream, and sweets.

Among the greatest food franchises in India under 10 lakhs, it has made a name for itself with more than 200 franchise locations with an initial investment of 6–10 lakhs.

Chai Sutta Bar

Its earthy and rustic ambience, wide selection of teas, and innovative tobacco substitutes accommodate a range of tastes.

It's an attractive option for would-be business owners looking for affordability and uniqueness, as a franchise costs less than 10 lakhs.

The success of Chai Sutta Bar is demonstrated by the large number of franchisees who have amassed a devoted clientele and remarkable profitability.

In high-demand sectors, its steady annual growth is guaranteed by its strong profit margins and ROI.

Belgian Waffle Co.

With a less than 10 lakh investment required, this franchise gives would-be business owners a chance to get into the dessert industry.

The Belgian Waffle Co. is a unique opportunity with cheap investment, big profits, and a strong brand identification.

Several franchisees have achieved considerable profitability and have won the devotion of dessert fans throughout India.

Jus Momo

Dineamic Foods & Beverages' flagship brand, Jus Momo, sells real, handcrafted Tibetan momos that are created with fresh ingredients.

Jus Momo, which debuted in 2021, offers straightforward menu selections with an excellent return on investment, all at a reasonable price.

The firm does not impose any financial restrictions or yearly royalties on its franchisees; instead, it provides support and assistance, including staff training.

Franchises for Jus Momo can be created in large towns, coffee shops, bookstores, and nightclubs with a special business plan.

In India, opening a Jus Momo franchise costs less than 2 lakhs and needs 250 square feet of premises.

The franchise has low personnel needs, high returns, and no royalties.

House of Vada Pav

A franchise in India called House of Vada Pav specializes in serving up mouthwatering street cuisine that is made with the best ingredients and the utmost attention.

Their vada pav is designed to take patrons to the colorful streets of India, encapsulating the spirit of Indian culture. The goal the company aims at, is to create a society in which every individual has an equal opportunity to thrive by ensuring that everyone has an equal chance at success.

Their goal is to build a community where everyone can thrive, follow their passions, and benefit from many chances for both career and personal growth. investment from Rs. 2 lakhs to Rs. 5 lakhs.

Halla Bol

An authentic and delectable Amritsari Patty Kulcha experience may be had at Halla Bol, an Indian Synergy Enterprises business.

Aloo Masala, Peri Peri, Garlic, Paneer, Cheese Garlic, Cheese Peri Peri, Cheese Paneer, Cheese & Herb, Nimbu Pudina, and more delectable flavors are among those that the franchise provides.

Along with Tandoori Paneer Makhan, Garlic Peri Peri Chutney, Onion Salad, and Tarke wala Raita, the Amritsari Patty Kulcha is part of the serving.

The brand name, distinctive menu, employee training, fair return on investment, consolidated packaging material procurement, and scalable business strategy of Halla Bol are all factors in the company's success.

Range of Investment: Rs. 5 to 10 lakhs

Bubble Bee India

Their dedication to quality and precision has given them a reputation for dependability and credibility. Moreover it encourages repeat business and favorable word-of-mouth referrals.

Offering investments between Rs. 5 and 10 lakhs, Bubble Bee India is a lucrative business that meets the demands of its devoted clientele.

Tibbs Frankie

Amarjit Singh Tibb first experienced the Lebanese delicacy Tibbs Frankie in Beirut in 1967. With more than 80% of its locations countrywide, Tibbs Frankie is a business opportunity that is accommodating to regional tastes. The brand is worth between Rs. 5 to 10 lakhs and is well-known for its premium goods.

Amul  

Due to the minimal initial investment, exclusive ownership of business earnings, and assistance with shop opening and equipment purchases, owning an Amul franchise may be a fulfilling experience.

Range of Investment: Rs. 2 to 5 lakhs

Kathi Queen

The innovative business concept enables entrepreneurs to launch their own home-based restaurants. Rolls such as the paneer roll, masala chicken roll, veggie delight roll, and crispy aloo roll are all at a reasonable price at Kathi Queen. With the franchising concept, business owners may operate from their home kitchen. The firm provides chances with minimum investment, full training, support for tying up with Zomato and Swiggy, zero waste business, start-up aid, and help with online advertising. Between Rs. 5 lakhs and Rs. 10 lakhs is investible.

Advantages of launching a franchise for food in India

Starting a food franchise business in India offers numerous benefits for ambitious individuals.

The franchise model allows for less time and energy to generate brand awareness, as well as a pre-established model for entrepreneurs.

The rapid urbanization and changing lifestyles have led to an increase in fast-paced lifestyles and dual-income households, making food franchises well-suited to meet the growing need for affordable, accessible, and convenient dining options. The millennial and Gen Z age groups in India are more adventurous eaters, making food a good fit for their tastes.

Fast food chains with recognisable names are in high demand. This is due to the growing exposure to foreign trends and brands through travel, the internet, and media.

As middle-class people's disposable income grows, dining out and going to the movies have become more popular. Therefore, meeting this growing market by providing economical and convenient options through food franchises.

Market Size of Food Industry in India - Learn More About The Best Franchise For Sale Today

With a CAGR of 10.03%, the India foodservice market is at an estimate to reach 125.06 billion USD by 2029.

The market is driven by people's increased eagerness to try new foods and dining experiences. As well as by urbanisation, changing lifestyles, and the rising popularity of eating out.

In 2021, over 45 million Indians will choose to dine out, and also a large number of fast service restaurants will provide vegan menus.

Digital platforms such as Swiggy and Zomato are seeing the quickest growth. This is with a compound annual growth rate (CAGR) of 16.67% by value.

So have you selected your choice of food franchise for sale?

For entrepreneurs with less than Rs. 10 lakh, the top food franchise firms for sale in India provide profitable investment prospects in affordable investment range.

Success, however, is contingent upon following rules, securing permits, protecting intellectual property, and comprehending franchise agreements. These franchises are a fantastic option for those on a tight budget since they combine heritage, innovation, and profitability.

These businesses stand out as successful examples of low-risk investment options in the expanding Indian cuisine franchising sector.

Get in touch with FranchiseBazar to get more information.

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.