A franchise is a business model where you get the right to use an established brand name, products, services, and systems in exchange for a fee and a share of the revenue. Franchising allows you to benefit from the brand recognition, customer loyalty, marketing support, and training of the franchisor while having the freedom and flexibility to run your own business.
Most Profitable Franchise Businesses in India for 2024 India is one of the fastest-growing economies in the world, with a population of over 1.3 billion people and a rising middle class. The country offers a huge potential for entrepreneurs who want to start their own business and tap into the diverse and dynamic market. One of the best ways to start a business in India is to buy a franchise.
Franchising is also a low-risk and high-reward option, as you can leverage the proven success of the franchisor and avoid the common pitfalls of starting from scratch.
According to a report by Franchise India, the Indian franchise industry is expected to grow by 30% annually and reach $140 billion by 2024. But with so many franchise opportunities available in India, how do you choose the best one for you? To help you out, we have compiled a list of 20+ most profitable franchise businesses in India for 2024, across various sectors and categories.
These franchises have a strong track record, high demand, low investment, and high returns. Whether you are interested in food and beverage, retail, education, fitness, or any other industry, you will find something that suits your passion and budget.
Food and Beverage
McDonald’s
McDonald’s is the world’s largest fast-food chain, with over 38,000 outlets in more than 100 countries. In India, McDonald’s has over 400 outlets across 65 cities, serving burgers, fries, wraps, nuggets, beverages, desserts, and more. The company offers two types of franchises: conventional franchises and developmental licenses. The conventional franchise requires an investment of Rs. 6.6-14 crore ($900k-$2m), while the developmental license requires an investment of Rs. 50-60 crore ($7m-$8m). The royalty fee is 4% of sales.
Subway
Subway is the world’s largest sandwich chain, with over 40,000 outlets in more than 100 countries. In India, Subway has over 600 outlets across 70 cities, serving sandwiches, salads, wraps, cookies, beverages, and more. The company offers a single-unit franchise model, which requires an investment of Rs. 65-75 lakh ($90k-$100k), including a franchise fee of Rs. 6.5 lakh ($9k). The royalty fee is 8% of sales.
Check out the detailed blog about Subway: How To Start A Subway Franchise In India
Domino’s Pizza
Domino’s Pizza is the world’s largest pizza chain, with over 17,000 outlets in more than 90 countries. In India, Domino’s Pizza has over 1,300 outlets across 285 cities, serving pizzas, pasta, garlic breads, beverages, desserts, and more. The company offers a master franchise model, which requires an investment of Rs. 2-3 crore ($300k-$400k), including a franchise fee of Rs. 30 lakh ($40k). The royalty fee is 5.5% of sales.
Check out the detailed blog about Domino’s Pizza: How To Start Domino’s Franchise In India
KFC
KFC is one of the world’s leading chicken restaurant chains, with over 23,000 outlets in more than 140 countries. In India, KFC has over 400 outlets across 100 cities, serving chicken buckets, burgers, wraps, rice bowls, beverages, desserts, and more. The company offers a single-unit franchise model, which requires an investment of Rs. 1-2 crore ($150k-$300k), including a franchise fee of Rs. 30 lakh ($40k). The royalty fee is 6% of sales.
Check out the detailed blog about KFC: KFC Franchise In India
Amul
Amul is a leading dairy brand in India, offering a range of products such as milk, butter, cheese, paneer, curd, ice cream, and more. It offers four types of franchise models: Amul Preferred Outlet, Amul Ice-Cream Scooping Parlour, Amul Railway Parlour, and Amul Parlour at CoE. The investment required for each model varies from Rs. 2 lakh to Rs. 6 lakh ($3k-$8k), depending on the size and location of the outlet. The franchise fee is Rs. 25,000 to Rs. 50,000 ($300-$700), which is refundable. The profit margin is 2.5% to 50%, depending on the product and format.
Check out the detailed blog about Amul: Start Amul Franchise And Dealership
Arun Ice Cream
Arun Ice Cream is another popular ice cream brand in India, which is a subsidiary of Hatsun Agro Products. It has over 5500 retail outlets across the country, offering a variety of ice cream flavours and products. Arun Ice Cream franchise requires an investment of Rs. 3 lakh to Rs. 5 lakh ($4k-$7k), including a franchise fee of Rs. 1 lakh to Rs. 2 lakh ($1.5k-$3k). The floor area required is a minimum of 250 sq. ft. The profit margin is 12% to 15%, depending on the sales volume.
Check out the detailed blog about Arun Ice Cream: Start The Arun Ice Cream Franchise
Retail
Decathlon
Decathlon is one of the world’s largest sports goods retailers, with over 1,600 stores in more than 50 countries. In India, Decathlon has over 70 stores across 50 cities, selling sports equipment, apparel, footwear, accessories, and more. The company offers a single-unit franchise model, which requires an investment of Rs. 5-10 crore ($700k-$1.4m), including a franchise fee of Rs. 30 lakh ($40k). The royalty fee is 2% of sales.
Bata
Bata is one of the world’s leading footwear brands, with over 5,000 stores in more than 70 countries. In India, Bata has over 1,400 stores across 500 cities, selling shoes, sandals, slippers, bags, accessories, and more. The company offers a single-unit franchise model, which requires an investment of Rs. 35-50 lakh ($50k-$70k), including a franchise fee of Rs. 3 lakh ($4k). The royalty fee is 30% of sales.
Levi’s
Levi’s is one of the world’s most iconic denim brands, with over 2,800 stores in more than 110 countries. In India, Levi’s has over 400 stores across 200 cities, selling jeans, shirts, jackets, accessories, and more. The company offers a single-unit franchise model, which requires an investment of Rs. 40-60 lakh ($60k-$80k), including a franchise fee of Rs. 5 lakh ($7k). The royalty fee is 35% of sales.
Raymond
Raymond is one of the most trusted and respected textile and apparel brands in India, with over 1,000 stores across 400 cities, selling fabrics, suits, shirts, trousers, accessories, and more. The company offers a single-unit franchise model, which requires an investment of Rs. 60-80 lakh ($80k-$110k), including a franchise fee of Rs. 15 lakh ($20k). The royalty fee is 25% of sales. ## Education and Training The education and training industry is one of the most essential and
Education and Training
NIIT:
NIIT is one of the leading providers of IT and digital skills training in India, with over 5,000 centers in more than 40 countries. In India, NIIT has over 1,500 centers across 600 cities, offering courses in software, hardware, networking, data science, cloud computing, and more. The company offers a single-unit franchise model, which requires an investment of Rs. 15-20 lakh ($20k-$30k), including a franchise fee of Rs. 2.5 lakh ($4k). The royalty fee is 18% of sales.
EuroKids:
EuroKids is one of the leading preschool chains in India, with over 1,000 centers across 350 cities, offering programs for children aged 1.8-6 years. The company offers a single-unit franchise model, which requires an investment of Rs. 10-15 lakh ($14k-$20k), including a franchise fee of Rs. 1.5 lakh ($2k). The royalty fee is 18% of sales.
Kidzee:
Kidzee is another leading preschool chain in India, with over 1,900 centers across 750 cities, offering programs for children aged 1.8-6 years. The company offers a single-unit franchise model, which requires an investment of Rs. 8-12 lakh ($11k-$16k), including a franchise fee of Rs. 1 lakh ($1.4k). The royalty fee is 18% of sales.
Fitness and Wellness
Talwalkars:
Talwalkars is one of the oldest and largest gym chains in India, with over 250 clubs across 80 cities, offering fitness equipment, personal training, group classes, and more. The company offers a single-unit franchise model, which requires an investment of Rs. 2-3 crore ($300k-$400k), including a franchise fee of Rs. 25 lakh ($35k). The royalty fee is 8% of sales.
O2 Fitness Studio:
O2 Fitness Studio is one of the fastest-growing fitness chains in India, with over 50 centers across 15 cities, offering fitness equipment, personal training, group classes, and more. The company offers a single-unit franchise model, which requires an investment of Rs. 40-60 lakh ($60k-$80k), including a franchise fee of Rs. 5 lakh ($7k). The royalty fee is 10% of sales.
Automotive
Mahindra First Choice:
Mahindra First Choice is one of the leading multi-brand car service networks in India, with over 500 workshops across 275 cities, offering car servicing, repairs, accessories, insurance, and more. The company offers a single-unit franchise model, which requires an investment of Rs. 50-60 lakh ($70k-$80k), including a franchise fee of Rs. 10 lakh ($14k). The royalty fee is 5% of sales.
Speed Car Wash:
Speed Car Wash is one of the fastest-growing car wash chains in India, with over 80 outlets across 30 cities, offering car washing, detailing, polishing, coating, and more. The company offers a single-unit franchise model, which requires an investment of Rs. 15-20 lakh ($20k-$30k), including a franchise fee of Rs. 3 lakh ($4k). The royalty fee is 10% of sales.
CarzSpa:
CarzSpa is one of the leading car care chains in India, with over 70 outlets across 35 cities, offering car washing, detailing, polishing, coating, and more. The company offers a single-unit franchise model, which requires an investment of Rs. 10-15 lakh ($14k-$20k), including a franchise fee of Rs. 2 lakh ($3k). The royalty fee is 10% of sales.
Health and Beauty
Lakmé Salon:
Lakmé Salon is one of the leading salon chains in India, with over 400 outlets across 125 cities, offering hair, skin, makeup, and bridal services. The company offers a single-unit franchise model, which requires an investment of Rs. 50-60 lakh ($70k-$80k), including a franchise fee of Rs. 10 lakh ($14k). The royalty fee is 15% of sales.
Naturals:
Naturals is one of the largest salon chains in India, with over 650 outlets across 80 cities, offering hair, skin, makeup, and bridal services. The company offers a single-unit franchise model, which requires an investment of Rs. 40-50 lakh ($60k-$70k), including a franchise fee of Rs. 5 lakh ($7k). The royalty fee is 15% of sales.
Real Estate
RE/MAX:
RE/MAX is one of the world’s largest real estate networks, with over 8,000 offices in more than 110 countries. In India, RE/MAX has over 100 offices across 40 cities, offering brokerage, consulting, valuation, and property management services. The company offers a master franchise model, which requires an investment of Rs. 2-3 crore ($300k-$400k), including a franchise fee of Rs. 50 lakh ($70k). The royalty fee is 6% of sales.
Coldwell Banker:
Coldwell Banker is one of the world’s oldest and most respected real estate brands, with over 3,000 offices in more than 50 countries. In India, Coldwell Banker has over 30 offices across 15 cities, offering brokerage, consulting, valuation, and property management services. The company offers a master franchise model, which requires an investment of Rs. 1-2 crore ($150k-$300k), including a franchise fee of Rs. 25 lakh ($35k). The royalty fee is 6% of sales.
Technology and Electronics
Apple Premium Reseller:
Apple Premium Reseller is one of the most coveted and exclusive franchise opportunities in India, offering the full range of Apple products and services, including iPhone, iPad, Mac, Apple Watch, AirPods, Apple TV, accessories, and more. The company offers a single-unit franchise model, which requires an investment of Rs. 2-3 crore ($300k-$400k), including a franchise fee of Rs. 50 lakh ($70k). The royalty fee is 5% of sales.
HP Store:
HP Store is one of the most trusted and respected technology brands in India, with over 500 stores across 200 cities, offering products and services in categories such as laptops, desktops, printers, scanners, accessories, and more. The company offers a single-unit franchise model, which requires an investment of Rs. 50-60 lakh ($70k-$80k), including a franchise fee of Rs. 10 lakh ($14k). The royalty fee is 3% of sales.
Lenovo Exclusive:
Lenovo Exclusive is one of the most popular and affordable technology brands in India, with over 600 stores across 300 cities, offering products and services in categories such as laptops, desktops, tablets, smartphones, accessories, and more. The company offers a single-unit franchise model, which requires an investment of Rs. 40-50 lakh ($60k-$70k), including a franchise fee of Rs. 5 lakh ($7k). The royalty fee is 3% of sales.
7 tips for choosing a franchise business in India:
1. Do your research:
Don’t just jump into the first franchise opportunity that comes your way. Research different franchises, understand the market demand, and compare investment costs and profitability.
2. Choose a franchise that aligns with your interests and skills:
You’ll be more successful and passionate about running a franchise if it’s in a field you’re interested in and have some skills or experience.
3. Consider the initial investment and ongoing costs:
Franchise fees, royalties, marketing costs, and inventory costs can all add up. Make sure you have the financial resources to cover the initial investment and ongoing operational costs.
4. Understand the franchisor’s support system:
A good franchisor will provide comprehensive training, marketing support, and ongoing operational guidance. Make sure you understand the level of support offered by the franchisor before you invest.
5. Talk to existing franchisees:
Existing franchisees can give you valuable insights into the day-to-day operations of the franchise, the challenges they face, and the level of support they receive from the franchisor.
6. Read the franchise disclosure document (FDD) carefully:
The FDD is a legal document that provides detailed information about the franchise business, including the franchisor’s financial statements, risk factors, and litigation history. Read the FDD carefully before you sign any franchise agreements.
7. Get professional advice:
Consider consulting with a franchise lawyer or accountant who can help you review the FDD and advise you on the legal and financial aspects of starting a franchise business.
Bottom line
Our list of 25 most profitable franchise businesses in India for 2023. We hope you found this blog helpful and informative.
Once you have chosen a business plan and taken steps for all the essential basic elements of starting a business, all that is left is to set up your online store on an e-commerce platform. If you decide to build your online business on OrderZ, you made the right decision!
If you are interested in any of these franchises or want to explore more options, please visit our website or contact us for more details.
Thank you for reading ?