List of Opportunities Franchise Under 2 Crore in India
The franchise model has become a massive hit in India. It enables potential entrepreneurs to own and run a business under an already established brand.
Franchise opportunities below 2 crore are numerous but are not very appealing to the more serious investors.
This article, therefore, will outline some of the best franchise options across different industries that fall under this range of investment.
Why Choose a Franchise Model?
The franchise business model offers a host of benefits to both new and seasoned entrepreneurs alike:
Brand Identity and Customer Base: Contrary to starting a standalone business, ready franchise machines have a ready-made brand identity and customers.
Operational Support: Most franchises provide training, marketing materials, and operational guidance.
Risk Lowered: The business model itself is tried and tested, reducing the chances of failure significantly.
Access to Resources: Franchisors Straighten out logistics and provide the suppliers.
Also read: List of Top 100 Profitable Franchise in India
Factors to Consider When Choosing a Franchise Under 2 Crore
This article takes into account the top considerations one needs to think about when investing in a franchise in terms of finances.
Line of Business: The industry must be aligned to your interest and experience, whether it is food, retail, or healthcare.
Franchising Fees: Upfront assessment of the fees to be paid from franchise fees to royalty payments.
Location Requirements: Match the locations of your choosing to the franchise’s demographic setup requirement.
Support Provided: Verify whether the franchisor has training, marketing, and operational support.
Return on Investment(ROI): The time it would take to break even and get a profit from the investment.
Top Opportunities Franchise Under 2 Crore
Here’s a detailed list of the best franchise options in India that require an investment under 2 crore.
Food & Beverage Franchise Under 2 Crore
a) Domino’s Pizza
Investment: INR 1.5 crore – 2 crore
Royalty Fee: 5-8% of gross sales
Franchise Key Features:
Domino’s Pizza is one of India’s most popular fast-food brands. Its menu is vast and popular, and therefore will always have customers.
Support Offered: Training, supply chain management, and marketing.
Ideal Location: Urban and semi-urban areas with high footfall.
b) Subway
Amount of Investment: Rs. 50 lakh-1.5 crore;
Royalty Fee: 8% of gross sales
Franchisee Highlights: Recognized for offering healthy fast food, Subway has created an extremely powerful presence in India. It is suited well for food courts in malls, high street, and commercial complexes.
Support Offered: Full Training and Support in Site Selection.
c) Barbeque Nation
Investment: Rs 1 crore to Rs 2 crore
Royalty Fee: 5-7% of gross sales
Franchise Highlights: Barbeque Nation is the largest casual dining restaurant chain in India; it has live grills in every table and boasts an extensive buffet. It captures customers from families as well as corporates.
Support Offered: Menu training, vendor management and marketing.
Retail Franchise Under 2 Crore
a) Big Bazaar
Required Investment: ₹1 crore to ₹2 crore Franchise Insights:
Big Bazaar is a retail brand. In India, it caters to consumers with various needs and groceries through a variety of clothing to electronics.
Support offered: It assists in-store layout, inventory management, and marketing operations.
Ideal Location: -High footfall traffic commercial complexes or malls.
b) Tanishq
Investment: ₹2 crore
Franchise Highlights: Tanishq, a brand by Titan Company, is the country’s largest jewellery retailer, and its premium launches offer a brand-loyal customer base to it
Support offered: Store setup and training with promotion.
c) Pepperfry
Investment: 1-1.5 crores.
Franchise Highlights: India’s largest online furniture retailer, Pepperfry also has physical experiential stores to sell products directly to customers.
Support offered: Marketing, inventory, operational training.
Healthcare Franchise Under 2 Crore
a) Apollo Clinics
Investment: ₹1.2 crore – ₹2 crore
Franchise Highlights: Apollo Clinics has been in the healthcare section for patients for diagnostics as well as primary healthcare services.
Support Offered: Training for staff, marketing, and operational guidance.
Ideal Location: ‘Cities and semi-urban areas where population densities are high.
b) Dr. Lal PathLabs
Investment: ₹50 lakh – ₹1 crore
Franchise Highlights: Dr. Lal PathLabs is a leading name in diagnostic services with a strong network and reputation.
Support Offered: Setting up laboratory training and ongoing support.
c) MedPlus
Investment: ₹70 lakh – ₹1.5 crore
Franchise Highlights: MedPlus is one of India\’s biggest chains in pharmacy retail, offers medicines, health supplements, and wellness-related products.
Support Offered: Supply Chain Management and Staff Training.
Education Franchise Under 2 Crore
a) Kidzee
Investment: ₹20 lakh – ₹50 lakh
Franchise Highlights: Kidzee is not only a frontrunner in early childhood education, but it also provides preschool education of high quality all across India.
Support Offered: Curriculum designing, teaching training and marketing.
b) NIIT
Investment: ₹50 lakh – ₹1.5 crore
Franchise Highlights: NIIT is a top company in skills and talent development with a strong focus on the IT and soft skills training domain.
Support Offered: Training programs, marketing, and recruitment.
c) Byju’s Tuition Centres
Investment: ₹1 crore – ₹2 crore
Franchise Highlights: Byju’s is the nation’s leading educational technology hub trying to extend its offline tuition centers by merging technology with personal instruction.
Support Offered: Training, marketing support, and course content.
Fitness Franchise Under 2 Crore
a) Gold’s Gym
Investment: Rs 1 crore – 2 crores
Franchise Highlights: Gold’s Gym is a globally renowned brand that caters to urban dwellers looking for premium fitness solutions.
Support offered: Equipment procurement, training, and branding.
b) Anytime Fitness
Investment: Rs 75 lakh to Rs 1.5 crore
Franchise Highlights: All-time fitness is available regardless of the time of day, thereby appealing to working professionals and fitness buffs.
Support Offered: Operational training, Marketing, and Equipment setup.
c) Cult.fit
Investment: Rs 1 crore to Rs 2 crore
Franchise Highlights: Cult.fit helps to combine fitness training along with technology to further deliver group and personal training.
Support Offered: Branding, application integration, and marketing campaigns.
Other Prominent Franchises Under 2 Crore
a) Hairstyling and Beauty by Jawed Habib
Investment: ₹40 lakh – ₹80 lakh
Franchise Highlights: A name in the beauty industry, Jawed Habib has got hair and beauty services for a vast clientele.
Support: Training and branding support.
b) DTDC Courier
Investment: ₹5 lakh – ₹10 lakh
Franchise Highlights: DTDC is one of the top couriers in India and has grown making its mark in the sky of couriers and logistics.
Support: Providing training with technology support and guidelines on operations.
c) Urban Ladder
Investment: ₹1 crore – ₹1.5 crores
Franchise Highlights: Urban Ladder is majorly a premium furniture and home decor company with a high emphasis on customer experience.
Support offered: Marketing, inventory, and store setup.
Steps to Start a Franchise Under 2 Crore
- Research and Shortlist: Evaluate franchises according to your interests, budget, and market demand.
- Meet Franchisors: Discuss terms, fees, and support structures with franchisors.
- Secure Funding: Arrange finances through savings, loans, or investors.
- Finalize Location: Choose a site that meets the franchise’s demographic criteria.
- Legal formalities: Sign the franchise agreement and obtain the necessary licenses.
- Training: Attend training programs provided by the franchisor.
- Launch: Market your franchise and open for business.
Check out this: List of franchise under 50 lakhs: Start Your Business
Challenges of Owning a Franchise Under 2 Crore
Initial Investment: At least below 2 crore Some franchises require extra investment in interior design or licensing fees.
Location Constraints: A suitable location that matches the franchisor’s requirements may prove to be tough to find.
Operational Dependence: Infringement of strict operational guidelines prescribed by the franchisor may limit the innovation.
Competition: There would already be a franchise of the brand somewhere in the vicinity, due to which market saturation is experienced.
Royalty and Marketing Fee – These are nearly continuous charges that would affect profitability.
Staff Training and Retention: Recruitment and retention of trained manpower is indeed a challenge.
Benefits of Owning a Franchise Under 2 Crore
Brand Pre-Established: The successful and well-known brand is already ready for franchisees.
Operational Guidance: Franchisors give training and constant help on how to run the business inside the franchise.
Marketing Support: They run campaigns to attract customers and boost sales.
Reduced Risks: Business models that have been tried and tested decrease the risk of failure.
Access to Resources: Access to suppliers, technology, and operation infrastructure is easy.
Quick Return on Investment: A good franchise can give fast returns on your investments.
Flexible Industries: They come in a bouquet of options – be it food, health care, retail, fitness, and more.
Networking Possibilities: Franchisees can greatly benefit from the support network of franchisors and peers.
Frequently Asked Questions (FAQs)
1. Best Franchise Business Types Under 2 Crore?
Popular sectors are food and beverages, retail, healthcare, fitness, and education.
2. Are franchises under 2 crores profitable?
Yes, many franchises give a high return on investment and make stable profits when you find the appropriate location and follow the business model.
3. How long is the normal ROI period for a franchise under 2 crore?
ROIs typically last anywhere between 1 to 5 years, depending on weather and market conditions relevant to the franchise.
4. Do all franchisors provide training and support?
Most franchisors divide their entire training and operational support, but it resorts to the type of coverage.
5. Are royalty fees compulsory?
Most franchises do charge a royalty fee that mostly tends to be a percentage of gross sales.
6. Can I choose my franchise location?
The franchise location approval comes mainly from the franchisor, as they are typically concerned with its alignment with their demographic strategy.
7. How do I fund my franchise investment?
There are ways to fund a franchise investment personally, which include bank loans or investors. Various banks have specific loans for franchises.
8. Do I need prior business experience to own a franchise?
Not always. Many training companies provide training for first-timers intending to start their first venture.
9. What are the other costs involved?
Costs may also comprise leasing the place, paying salaries for employees, and the money used in marketing, utilities, and so forth.
10. Can I sell my franchise if it is not able to generate profits?
Yes, but the franchisor may have certain stipulations for resale and may not ensure that someone will easily find a buyer.
Conclusion
Investment in a franchise not exceeding 2 crore! Franchise under 2 crore enables a wonderful opportunity for business within lesser risk than starting an independent business.
An individual’s established and well-known brand name will work in partnership with an already tested business model and operational support from the franchisor to achieve guaranteed profitability and sustenance in the long run.
Whether you are interested in food and beverages, in retail, education, healthcare or fitness, there are a large number of different franchises on the market at affordable costs to meet interest, skillset, and diverse market needs.
Becoming an entrepreneur with a good franchise means that one can encounter several opportunities and challenges, but the journey leads toward financial independence and professional development.
