Are you curious about how you are seeing multiple stores of famous brands growing so rapidly around your neighbourhood? Do you want to be a part of this growth? Let us introduce u to the world of franchise business. You may have heard about this earlier but now is the time to invest in it for an enormous turnover later.
What is a franchise business
Franchise business is one model of business where a franchise setup allows the franchisee to enjoy a low-risk business and the franchiser enjoys his business expansion. It is gaining popularity in the Indian market these days. The history of franchising dates back to the Middle Ages when landowners made agreements with the tax collectors or the government who retained some amount of the revenue and turned the rest over. But it boomed majorly after World War II. A fun fact, one of the first successful franchising operations was started in America Which was an early version of today’s Coca-Cola. Now, most of the brands which we see around like Domino’s, Pizza Hut, big bazaar, and grocery 4u retail, all are successful franchise stores.
Prerequisites for starting a franchise business
Apart from deciding the correct location for your business, having all the agreements and contracts ready, There is one more thing you need. Starting any franchise business requires you to have seed money which will help you get through the initial few months so that you can start generating revenue. For example, the grocery store franchise cost is just around 15 to 20 lacs. In some cases, the franchise may provide you with seed money.
Types of franchise models
A franchise business is a profitable business in a country like India. But choosing the type of business which will suit the audience closer to you is also very important. If you are a single person and want a small franchise business you can take up a job franchise like real estate services, shipping services, event planning etc. The model which is being followed the most is a business format franchise. Any leading supermarket franchise including the grocery 4 U retail follows this model. Other models include a distribution franchise, and investment franchise or a conversion franchise.
Model for starting your business
Who hasn’t seen a grocery 4u store around their neighbourhood? As anyone can vouch for this, the grocery 4U franchise is growing rapidly in the Indian market. So after referring to the grocery 4U retail private limited reviews, you can see how a successful franchise business looks like. It is a supermarket franchise business where grocery store franchise cost is well within the budget.
