Best Food Franchises in India
Food franchises are highly profitable businesses, and their owners make good money out of them. Indian customers are now more aware of brands thanks to globalization and market liberalization. It has made it possible for foreign companies to open top restaurant franchises in India on multiple occasions. Franchises allow business owners to take advantage of the large market and meet the varied needs of the general public.
Popular Indian Food Franchises
There is no shortage of food franchise choices in the Indian market. It can be difficult to choose the Best Food Franchise in India that fits your objectives and budget. To help you, the blog compiled a list of the top 10 food franchises in India.
1. Pizza Domino's
Domino's Pizza is owned by Jubilant Fireworks, which is regarded as one of India's top food franchises. It is the second-largest pizza business in the US and has a huge number of locations throughout India. Domino's is a well-known best restaurant franchises that offers classic, non-traditional, and transitional locations.
2. Amul
One of India's top food franchise companies is Amul, which is well-known for its milk and dairy products. For the general public, the brand provides two types of franchises. Amul ice cream scooping parlor and Amul Kiosk, often known as Amul Railway parlor, are available. You need to have between 100 and 150 square feet of outlet space to launch an Amul franchise. About 1500 Amul scooping parlor franchisees can be found in India at the moment. You would have to pay for this franchise.
3. Kentucky Fried Chicken (KFC)
Fried chicken is now widely associated with KFC, a household name. Even though there have recently been a few competitors, none have been able to equal KFC's fried chicken in terms of quality. There are almost 40,000 locations worldwide for this Fortune 500 Company. Even with over 749 outlets, there are still some places in India where a KFC site might be opened.
As one of the best food franchise in India, your budget should be about INR 50 lakhs for a handy location. Additionally, INR 1 crore for an unusual one. About INR 1.5-3 crores would be required to purchase this franchise.
4. Subway
Fast food restaurant Subway takes great pleasure in serving nutritious meals. It is well-liked by those who are health-conscious. It is present in over 41,600 locations worldwide. Subway hasn't yet made an appearance in many locations in India though. This fast-food franchise is worth your investment given its popularity. It plans to expand its product line in addition to creating menus that appeal to Indian palates. An initial investment of INR 5 to 25 lakhs would be required.
5. La Pino's
La Pino'z Pizza was founded in Chandigarh by Sanam Kapoor in 2011. It is now well-known for its tasty and reasonably priced pizzas and has more than 500 locations around the country. Moreover, this company is expanding internationally and intends to debut in Dubai, the United Kingdom, Australia, Tanzania, and Canada. You will need to invest between INR 30 and 40 lakhs to purchase this food chain franchise.
6. Pizza Hut
We adore this American fast-food chain because of its exceptionally good pizzas. This company was started in Wichita, Kansas, by Dan and Frank Carney. There are 18,703 stores worldwide as of right now. Approximately INR 15-30 lakhs will be required as an investment for this lucrative fast-food franchise in India. By applying for a business loan with FlexiLoans, franchise enterprises with a high success record can quickly receive an unsecured business loan to handle funding.
7. Tibbs Frankie
Every neighborhood in Mumbai has a Frankie store if you have been there. The cuisine is tasty and reasonably priced. Admittedly, Tibbs Frankie is among the most affordable fast-food franchises in India and a fantastic option for a restaurant. In 1969, Amarjit Singh established Tibb's Frankie in Mumbai, and since then, its renown has only grown! It operates more than 300 outlets in fifteen Indian cities. Only about INR 5–12 lakhs are needed as an initial investment. To set up the outlet, you would need a space of 75–150 square feet.
8. Haldirams
There is a packet of Haldiram's Bhujia, Bakarwadi, or another popular food from this brand in every home. With outlets in more than 80 countries, this is one of India's most well-known and premium brands for namkeen and sweets.
The store you want to open will determine the investment cost. Its namkeen and sweet store requires a total expenditure of INR 30-35 lakhs. You will need to invest between INR 1-4 crores to open a casual dining establishment or fast food business. FlexiLoans allows you to apply online for a business loan.
9. McDonald’s
Every child's favorite restaurant, McDonald's, is incredibly well-known all over the world. McD's is well-known for its kid-friendly dishes and reasonably-priced fast food. To cater to Indian palates, they have made some adjustments to their menu. Because of this, investors and business owners can profit greatly from this franchise business opportunity. Although there is potential for great profit in this industry, several considerations include restaurant size, location, and marketing. Being a food and beverage franchise owner can be costly because it requires an enormous investment of INR 6.6-14 crores.
10. Wow! Momo
Delicious dumplings are loved by many. Wow! Momo has provided us with delicious dumplings at affordable prices. Since its 2008 launch, it has had over 1120 successful locations. Regardless of your location, momos are always a bestseller. A little INR 1-8 lakhs is all that is required to obtain this well-known food chain franchise.
Things to Take Into Account in India While Selecting a Food Franchise
The money you need to launch indian food franchise business is available. Banks and other financial organizations handle the financial side of your business by providing MSME loans and collateral-free business loans. However, you need to take into account the following elements whether you decide to go with an Indian fast food or restaurant franchise:
1. Know Your Budget
You must establish a precise budget before launching your Indian food enterprise. The costs of the supplies, labor, royalties, food store franchise fees, etc. are your responsibility. Make sure the franchise you choose fits both your needs and your budget.
2. Research on Markets
Researching the market, the demand for the product you plan to sell, the target market, and the many brands is essential when starting a business. Examine the several food franchise opportunities that are offered.
3. Information about Competitors
You must be aware of the rival companies that sell comparable goods. In these kinds of situations, you need to find another lucrative food store franchise In India to help you reach as many customers as possible.
4. Finance
To establish food franchise opportunities, you need to assess your financial situation. Comprehend the initial outlay, associated costs, and anticipated income with clarity. Think about purchasing a franchise that has a high rate of return. Cash flow forecasting is another crucial aspect to consider. When necessary, you can choose funding choices by using the online company loan calculator to determine your eligibility for an MSME loan.
5. Adherence to Law
In India, there is strict regulation of this sector. Make sure you read the terms and conditions in the franchise agreement. It is required of the franchisor you are working with to abide by the rules and laws. Make sure that the franchisor has finished registering the trademark and that you are authorized to use it in the desired franchise location. You, as the franchisee, will have to pay taxes on the money you make. Speak with a tax professional, understand the tax ramifications, and make sure you abide by the tax regulations.
Conclusion
In India, starting a food and beverage franchise involves considerably more than just financial commitment. It takes extensive research to determine which franchise is best for you. This would necessitate taking into account several variables that affect the revenue stream of the company.
