By continuing, you agree to LoansJagat's Credit Report Terms of Use, Terms and Conditions, Privacy Policy, and authorize contact via Call, SMS, Email, or WhatsApp
Disclaimer: The information published on LoansJagat is intended for general informational and educational purposes only and should not be considered financial, legal, or investment advice. Interest rates, loan terms, statistics, and other data may change over time and may vary by lender or source. Please verify the latest information and consult a qualified financial advisor or the respective Bank/NBFC before making any financial decisions.
Apply for Loans Fast and Hassle-Free
Subscribe Now
About the author
LoansJagat Team
‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.
Related Blog Post
Simplify All Your Loans Into One Affordable EMI
Customers Served
Debt Consolidated
1200+ Reviews
Locations in India
Club all Loans & Credit Card Bills into Single EMI
Quick Apply Loan
Consolidate your debts into one easy EMI.
Takes less than 2 minutes. No paperwork.
10 Lakhs+
Trusted Customers
2000 Cr+
Loans Disbursed
4.7/5
Google Reviews
20+
Banks & NBFCs Offers
Other services mentioned in this article
Key takeaways:
Bonus tip:
Do you know? The government of India offers several loans for encouraging the growth of franchising business in India. MUDRA loans is one of the schemes that provide loans to 3 categories, Shishu ( ₹50,000), Kishore (₹50,000 to ₹5,00,000) and Tarun (₹5,00,000 to ₹10,00,000).
In the last few years, the franchising business has experienced a high growth. There are around 4500 franchises all over India which are working across different sectors like food, health and wellness, education etc.
The government of India also encourages the start and growth of the franchise business by different schemes and offering loans to small businesses. Therefore, it is important that you understand the right business loan for your franchise business for a sustainable growth.
Starting a franchise business is highly profitable. Below are some reasons to start a franchise business:
These are some of the key reasons to start a franchise business in India. There are many examples of successful franchises in India like Naturals ice cream, VLCC, Domino’s pizza etc.
There are many franchise business ideas and some of them are as follows:
Due to the consistent demand, food and beverages franchise business has always been a most successful franchise business idea. For example, domino’s pizza, natural ice cream, chaayos etc.
Education franchise businesses like coaching centres, coding academies, skill development centers have a high potential of growth and scalability. There is an increased usage of technology and emphasis on higher education which helps in the success of education franchise business.
The beauty and salon franchise business is growing covering both premium and affordable segments. For example, VLCC, Lakme salon provide an established franchise business option.
There is an increased awareness with the grooming services of pets which makes the pet care and grooming franchise business more profitable today.
This franchise business includes yoga studios, gym, pilates and mental health centers. People are more aware of the need for health and wellness care,therefore this business is growing at a successful rate.
These are some of the best franchise business ideas to start. There are many more like solar energy installation, home automation services, cloud kitchens etc.
Refer the below key factors to consider before starting a franchise business:
You have to keep yourself updated with the above factors before starting a franchise business.
*T&C Apply
These are some of the pros and cons of the franchise business.
Overall, starting a franchise business is highly profitable because the brand is already well established and the government also provides incentives and loans to small businesses. There are few risks in starting this business as it requires more time and investment.
What is the main advantage of starting a franchise business?
You can choose the franchise sector in which you want to start your business. For example, you can start your domino’s pizza franchise business if you have expertise in the food related sector.
What are some profitable franchise businesses in India?
Some of the profitable franchise businesses in India are solar energy installation, home automation services, cloud kitchens etc.
What are some small business ideas?
You can start your reselling business of clothes or beauty products or rental business.
Is a franchise business profitable?
Yes, a franchise business is profitable as the brand is already established and it also offers training and support.
How do I start a franchise business?
Research the competition in the area where you are looking to open your franchise business.
Related Business Ideas | |||
