Franchising is a popular way to start a business in India because it offers a ready-made business model and established brand value. However, many potential business owners believe that franchises come with a high price tag. The good news is that several franchise opportunities are available in India for under ₹10 lakh, making it easier for first-time entrepreneurs and those with limited capital to start their business journey.
In this blog, we will explore some of the best low-investment franchise options across different sectors, ideal for budding entrepreneurs looking to invest under ₹10 lakh.
Why Choose a Franchise Under ₹10 Lakh?
Opting for a franchise under ₹10 lakh has several advantages, especially for beginners and small investors:
- Low Capital Requirement: It allows you to start a business without breaking the bank.
- Established Business Model: You gain access to a proven business model, reducing the risk of failure.
- Brand Recognition: You start with an established brand that already has a customer base.
- Training and Support: Most franchises provide initial training and ongoing support to help you run your business smoothly.
- Faster ROI: With a low initial investment, you can expect quicker returns on your investment compared to higher-end franchises.
Factors to Consider Before Choosing a Low-Investment Franchise
Before jumping into any franchise business, especially one with a low investment, it’s important to consider the following factors:
- Industry Demand: Ensure there is demand for the product or service in your region.
- Profit Margins: Look for franchises with reasonable profit margins and low operating costs.
- Franchise Terms: Understand the terms and conditions, including royalty fees, ongoing support, and the length of the agreement.
- Scalability: Choose a franchise that offers potential for growth and expansion.
- Franchisor Support: Make sure the franchisor provides sufficient training, marketing, and operational assistance.
Best Franchises Under ₹10 Lakh in India
Here are some of the top franchises in India that require an investment of less than ₹10 lakh:
1. Amul Ice Cream and Amul Preferred Outlet
- Industry: Dairy and Food
- Initial Investment: ₹2 – ₹5 Lakhs
- Franchise Fee: None
- Why It’s a Good Option: Amul is one of India’s most trusted dairy brands, known for its extensive product range, including milk, ice cream, butter, and other dairy products. The franchise operates on a no-franchise fee model, making it accessible for low-budget entrepreneurs. The low investment and high brand value ensure steady sales and fast returns.
2. DTDC Courier and Cargo
- Industry: Logistics and Courier
- Initial Investment: ₹1.5 – ₹2 Lakhs
- Franchise Fee: ₹50,000 to ₹1 Lakh
- Why It’s a Good Option: As the demand for logistics and courier services increases with the growth of e-commerce in India, DTDC’s franchise offers a lucrative opportunity. This franchise is ideal for those who want to enter the logistics industry with a small investment. DTDC provides comprehensive training and operational support, making it an excellent low-cost business for beginners.
3. Lenskart Lite
- Industry: Retail (Eyewear)
- Initial Investment: ₹5 – ₹7 Lakhs
- Franchise Fee: ₹2 Lakhs
- Why It’s a Good Option: Lenskart is a rapidly growing eyewear company in India, and the Lenskart Lite franchise is a low-investment model aimed at smaller markets. The company’s combination of online and offline sales ensures that the franchisee has multiple revenue streams. With a relatively low investment and strong demand for eyewear, Lenskart Lite is a good option for small-town entrepreneurs.
4. Archies
- Industry: Retail (Gifts and Greeting Cards)
- Initial Investment: ₹7 – ₹10 Lakhs
- Franchise Fee: ₹1.5 Lakhs
- Why It’s a Good Option: Archies is a well-established brand in the gift and greeting card industry, with a loyal customer base. The franchise offers a low-cost entry into retail, and the brand’s name provides credibility. Archies provides comprehensive training, support in merchandise selection, and assistance with store setup, making it a hassle-free option for beginners.
5. Kidzee
- Industry: Education (Preschool)
- Initial Investment: ₹5 – ₹10 Lakhs
- Franchise Fee: ₹1.5 Lakhs
- Why It’s a Good Option: Kidzee is one of the largest preschool chains in India, known for its innovative learning methods. With the increasing focus on early childhood education, starting a Kidzee franchise is a highly rewarding opportunity. Kidzee offers full support in terms of curriculum, teacher training, and marketing, making it a great choice for first-time business owners interested in the education sector.
6. EuroKids
- Industry: Education (Preschool)
- Initial Investment: ₹5 – ₹10 Lakhs
- Franchise Fee: ₹2 Lakhs
- Why It’s a Good Option: Another popular preschool franchise, EuroKids, offers a solid business model for those who want to invest in the growing education sector. The franchise provides support in setting up the center, training teachers, and implementing their curriculum. With a strong brand and a rapidly growing market for preschool education, this is an ideal choice for investors with a passion for education.
7. Tumbledry
- Industry: Laundry and Dry Cleaning
- Initial Investment: ₹5 – ₹8 Lakhs
- Franchise Fee: ₹1 Lakh
- Why It’s a Good Option: Tumbledry is India’s leading laundry and dry cleaning service provider, offering affordable franchising opportunities for entrepreneurs. The demand for professional laundry services is on the rise, and Tumbledry provides a low-investment option with full support in setting up the operations. This business can cater to both residential and commercial clients, providing diverse revenue streams.
8. Jugnoo
- Industry: On-Demand Services (Auto-Rickshaw Aggregator)
- Initial Investment: ₹5 Lakhs
- Franchise Fee: ₹1 Lakh
- Why It’s a Good Option: Jugnoo is a popular auto-rickshaw aggregator service in India, similar to ride-hailing apps like Uber and Ola. The franchise offers a unique opportunity in the on-demand transportation sector with a low initial investment. The business model works best in cities and urban areas where public transport and ride-hailing services are in high demand.
9. Monginis
- Industry: Food and Beverages (Bakery)
- Initial Investment: ₹5 – ₹8 Lakhs
- Franchise Fee: ₹1 Lakh
- Why It’s a Good Option: Monginis is one of India’s most recognized bakery chains, offering cakes, pastries, and snacks. It is an excellent option for investors looking to tap into the food and beverage industry with a small budget. The company provides assistance in setting up the outlet, training, and marketing support, ensuring a smooth entry into the market.
10. Reliance Jio Retail
- Industry: Telecom (Mobile and Internet Services)
- Initial Investment: ₹3 – ₹5 Lakhs
- Franchise Fee: None
- Why It’s a Good Option: With the ever-increasing demand for mobile connectivity and internet services, opening a Reliance Jio store can be a highly profitable venture. Jio’s low-investment franchise model allows you to sell Jio products, including mobile phones, SIM cards, and internet services. The telecom industry in India is booming, and this franchise offers a lucrative opportunity with minimal investment.
Franchises under ₹10 lakh provide a fantastic opportunity for aspiring entrepreneurs to own a business without requiring a large capital outlay. The key to success lies in choosing a franchise that aligns with your interests, market demand, and long-term growth potential. From food and retail to education and services, there are plenty of options to explore in India’s dynamic franchise market.
Make sure to do thorough research before investing, understand the terms and conditions of the franchise agreement, and check for ongoing support from the franchisor. With the right choice and dedication, owning a franchise can be your gateway to entrepreneurial success!