If you have an entrepreneurial and adventurous spirit you’ll want to check out the 10 most profitable franchises in India.
While I am adventurous, I am not much of an entrepreneur. I really wouldn’t even know where to begin when it comes to running my own business. The idea of running my own business has always been exciting to me, but I don’t know much about what all goes into it. I do know it’s a lot of work. One of the biggest pros is working for yourself and setting your own schedule. I mean, who wouldn’t love that? You can also open your own business in pretty much anything you want, as long as you’re at least a little bit knowledgeable on your topic. If you’re too nervous to start from the ground up with a business, franchises can be a good place to start. A franchise allows you to expand an already opened business, through a special licensing to do so. You’re still the boss, but you just don’t have to start from scratch. The most common franchises in the U.S. come in the form of fast food restaurants. In these cases you buy the franchise while funding the building and location of the restaurant. It seems the return is great because pretty much everyone in America loves fast food.
According to Heritage, India is ranked 143 in global economies. That doesn’t mean, that it’s not a solid place for business opportunities though. Experts expect there to be trillions of dollars worth in business opportunities in the coming years, also bringing millions of jobs to the crowded country. With the country’s ever-growing population there are millions of workers looking for jobs. Therefore, India is a viable market to enter if you’re interested in opening your own franchise.
In order to create our list, we used Quora, Expert Market, and Franchise Connect India as our sources to see what are considered the most profitable and best franchise opportunities in India. Since there isn’t concrete information and statistics about the most profitable franchises in India, we took the franchises that whose names were repeated the most times in our sources and research. Those popular franchises were ranked higher on our list. If you are looking to open a food franchise in India, but you are low on funds, you should check our list of 8 cheapest food franchises to open in India.