The franchise business has experienced significant growth in recent years, providing a great opportunity to establish a successful business. One of the advantages of owning a franchise business is the low risk and high reward approach to business ownership. Investing in a franchise allows you to invest in an established business model, brand recognition, marketing support, training, ongoing guidance, and support from the franchisor.Â
You don’t need to start from scratch, as the business already has brand value. All you need to do is make a small investment and get started.
Best Franchise Under 10 Lakh in India
Here’s a list of the top franchises under 10 lakh in India:
G-Fresh Mart
G-Fresh Mart has experienced significant growth in the past few years. It started its franchise journey in 2020 and offers 22,000 products from over 1,200 brands. This includes groceries, personal care products, soft drinks, and ready-to-eat food, among others. G-Fresh Mart provides detailed operation manuals and processes, sales and marketing support, as well as technical and operational support. The investment required for a G Fresh business is Rs 5 lakhs to Rs 10 lakhs, with a potential return on investment of 35 to 40 percent after three months of sales.
Amul
Starting an Amul franchise is an excellent business opportunity in India. Unlike other franchises, the Amul franchise doesn’t require the payment of royalties. The profit margin in the Amul franchise depends on the products, ranging from 20 percent for ice cream to up to 50 percent for bakery items like chocolates or pizza. The cost of starting an Amul franchise is around Rs 25,000 to Rs 1,00,000, with equipment costs ranging from Rs 50,000 to Rs 1.5 lakhs. The profitability of an Amul store franchise can range from Rs 6 lakhs to Rs 10 lakhs.
Apollo Pharmacy
Apollo Pharmacy, a leading branded pharmacy chain in India owned by Apollo Hospitals, offers an excellent business opportunity in the pharmaceutical industry. To become a franchisee of Apollo Pharmacy, a token investment of around Rs 10 lakhs is required, along with a one-time registration cost. The pharmacy requires a minimum space of 200 square feet. Apollo Pharmacy offers a renewable franchise opportunity and typically includes a pharmacist and two staffers. By providing round-the-clock service, one can earn an average of Rs 65,000 per month.
Generic Aadhaar
Generic Aadhaar is another profitable franchise business that offers generic and branded medicines at lower prices than their branded counterparts. The generic medicine business is growing significantly across the country. To start a franchise business with Generic Aadhar, you will need a commercial property with a floor area of 200-259 sq. ft. The company provides detailed operating manuals and expert guidance for opening the franchise. The standard franchise agreement is for a dealership term of around 5 years and is renewable. You can start your franchise business with Generic Aadhar in your city with an investment of around Rs 5 to 6 lakhs.
Mother Dairy
Mother Dairy is a renowned dairy firm that is rapidly expanding its operations and has established two more production factories in 2014. Being one of the top 5 brands in Asia, Mother Dairy is the biggest producer of milk-based products. The cost of owning a Mother Dairy franchise ranges from around Rs 5 lakhs to Rs 10 lakhs, with a franchise fee of Rs 50,000. Mother Dairy produces and distributes a range of products including milk, ice cream, cheese, butter, and yogurt.
Patanjali
Patanjali is a top franchise business in India which requires an investment of under 10 lakhs. It is India’s largest and most trusted brand, known for its quality products. Patanjali is offering business opportunities in different cities in India to those seeking entrepreneurship. It provides assistance to franchisees in technological and managerial skills. The investment required for a Patanjali franchise is around Rs 7 to 10 lakhs, with franchise fees of 2 to 3 lakhs. The space requirement is around 250 to 500 sq ft.