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Franchising Opportunities in India
India offers numerous opportunities in the field of franchising. The vast geographical expanse, the multi cultural people, the strong economy and the growing middle class have all contributed to the growth of franchising in India. Many companies, both global and Indian, owe their success to franchising. Franchising offers a win-win situation for both the franchisor and franchisee. While the franchisor’s business expands multifold, the franchisee can gain by a great income and a flexible work style.
In the recent times, India has emerged as one of the hot favorites for franchising. Franchising opportunities in India include many global players as well as top Indian names. Since India is a favorable market, global giants look at franchise opportunities in India, to earn high returns. The well-known global players in India include names such as Mc Donald’s Pizza Hut, HP, Subway, Domino’s and Kentucky Fried Chicken among others. Many Indian companies also offer profitable franchising options. MRF, NIIT, Apollo Hospitals, Reliance, Tata, Bharati, VLCC and Talwalker among others, are some of the well-known franchisors in India.
Unlike starting up your own business, as a franchisee, you need lesser capital and you also have a brand name that people are already familiar with. To be a successful franchisee, you need to select a field that interests you. You also need to consider the initial investment and the franchisor requirements. For example, if you want to open a Mc Donald outlet in your area, you need to look into certain aspects – the area, the probable clientele, and pricing, labor and miscellaneous expenditures. If you think it can be a profitable venture, you can consider becoming a franchisee. You will be provided all support, know-how and training, but you need to adhere to the franchisor’s quality requirements.
Franchising opportunities in India include almost all sectors - automotive, healthcare, IT, beauty, retail, business services, food and beverage and more. Compared to a start up business, as a franchisee, your risk factor is very low. Once you run your business smoothly, ROI (Return of Investment) starts to flow in almost immediately. Your ROI will depend on how efficiently you run your business.
Franchising opportunities in India are not restricted to only the big names alone. You can also benefit from the ever-growing new franchise business opportunity and small business opportunity in India. Keep abreast with news and analysis of franchising in India with the bi-monthly Franchise Plus magazine. Read up, gain knowledge and become a successful franchisee.
About the Author: Anurag Batra is well known and dedicated Author, writes for many sites like www.Franchise-plus.com