By FMTeam Every person who is looking forward to starting a business in India mainly has one aim, which is to make their business profitable and successful as soon as possible. But usually, with a business that you start from scratch, that isn’t the case. That’s the reason why there are franchise opportunities for people to apply for, especially those who have a particular love for business. And for sure, there are a lot of franchise opportunities that you can grab with a decent budget or initial investment of 10 lakh rupees or so. That’s exactly what this post is all about because here we have the list of best and famous franchises under 10 lakhs in India as of 2024. So, let’s get to it.
1. Momo Street
Ever heard of a revolution involving momos? Well, originally started by Archit Bhandula in 2021, Momo Street is precisely that! Among the young and hungry, this brand is a hit even with more than 25 stores opening up all throughout India, you know? And yes, you can very well join this fast-food craze for an investment of ₹5 to 7 lakhs including a franchise fee of ₹1 to 2 lakhs. That’s pretty much it to serve those mouthwatering momos as well as other items with Momo Street’s name.
2. Amul
When you consider dairy in India, Amul most likely immediately springs to mind, isn’t that the case? Established in 1950, this super famous company started franchising in 2000 and today has more than 10,000 stores. Not one royalty fee here, people! Investing merely ₹2 to 5 lakhs would let you become part of the Amul family, you know? And yes, on ice cream, you can enjoy profit margins of 20%; on baked products, they reach an amazing 50%.
3. Smartkidz
Dream of helping to mold young brains right here in India? Founded by Sudhir Karkha in 2007, Smartkidz is a preschool franchise with more than 285 outlets around India. It’s all about excellent education with a planned course of study. You may make an impact in early childhood education for ₹5 to 7 lakhs and a 1500 to 2500 square foot space, and that’s pretty much it.
4. Sanjog Pharmacy
It has been causing ripples in the retail pharmacy sector ever since Rajesh Mirchandani opened Sanjog Pharmacy in 2020, you know? For sure, this company distinguishes itself for quality and service among over 15 stores providing anything from FMCG to Ayurvedic treatments. Your ticket into this expanding sector is a ₹5 to 7 lakh investment and a 200 to 300 square foot location, that’s all.
5. 69 Go Pizza
Would you like to join the pizza craze of India? Well, then for sure, your golden chance is 69 Go Pizza, noted for its modern service and quality of ingredients. Investing ₹5 to 10 lakh will let you open a shop and present some of the best pizzas in town. And yes, their minimal royalty fees appeal even more.
6. Creamy Heaven
Starting in 2010 and franchising in 2018, the Creamy Heaven brand now has literally more than 35 outlets. You can bring newly created ice creams and sweets to your city for ₹5 to 10 lakhs. For a brand with a great reputation and marketing backing, the 2.5% royalty charge is a minimal cost. Perfect for everyone with a sweet taste and a passion for consumer pleasure, you know?
7. Lassi Day Cafe
Lassi in India? Everybody loves that here! Authentic lassi and appetizers are found at Lassi Day Cafe, with more than 100 outlets, you know? Starting here is a ₹6.8 to 10 lakh investment including a ₹2.9 lakh brand fee, that’s it. And you can very well expect monthly sales of up to ₹6 lakhs with a 30% profit margin.
8. Mumbai Chai
Mumbai Chai, run by Waah Chai Private Limited, captures the soul of street cuisine from Mumbai, that’s for sure. This franchise is the tea lover’s dream with more than forty stores providing premium teas and street cuisine. Starting in high-footfall locations, an initial investment of ₹6 to 7 lakhs will get you going with them.
9. Kathi Junction
Roll into success with Kathi Junction, a fast-casual restaurant since 2009 leading edge. Having more than 200 stores, this brand specializes in several Kathi rolls. All it takes to start this tasty adventure is a ₹8 to 10 lakh investment plus a 4% royalty charge.
10. Morya Misal
With Morya Misal, a Pune-based chain renowned for its Misal Pav, you can very well spice up your life. Established in 2013, it is already a fast-food favorite in the country. You can present this fiery Maharashtrian treat for ₹5 to 10 lakhs, that’s the initial investment we are talking about here.
11. Michaels Ice Cream Burger
But what if you always wanted to do something unique and out of the ordinary in the business scene of India? Well, then you must consider the Michaels Ice Cream Burger brand. Why’s that though? Well, launched by Varun Michael Sequeira, Michaels Ice Cream Burger presents exactly that with its creative ice cream burgers. Originally from New York, this brand is currently really appealing in India. With this innovative idea, known for minimal waste and no need for professional labor, you may enter the food business for ₹5 to 10 lakhs.
12. Chick Blast
Chick Blast calls if you want to capitalize on the love of Indians for chicken, you know? First launched in 2009, this brand is well-known for its quality and sensible cooking techniques overall. You can create great dinners emphasizing health with ₹5 to 10 lakhs, so for those driven by quick food, it really is a great prospect.
13. Chai Sutta Bar
Chai Sutta Bar really got going in the last few years or so in the country, right? And now everybody knows about them. They are known for their variety of teas, snacks, and all that. Investing ₹6 to 8 lakhs will let you create a shop offering reasonably priced, premium tea with their name.
Conclusion
That’s all there is for now. And if you really want to put your 10 lakh or less to good use then for sure, check out these franchise opportunities listed above. Though, it is always advisable to dig a little deeper on your own and find out more about the details of each franchise opportunity before you jump right in and apply.
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