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Franchising in India
Indian Franchise Industry will cross $51 billion mark by 2017 according to a recent KPMG and Franchise Association of India (FAI) report. The current trend, however, strokes a slight different picture, highlighting that the growth is much faster, expected to overtake the initial underestimating predictions easily. While one can argue over these statistics, few can deny that more number of entrepreneurs in the country are steering towards franchising today.
- Franchising is growing faster than any other sector in the Indian economy.
- This industry is expected to grow at an average rate of 28 percent through the next decade.
- The Indian Franchise Eco-system comprises of over 3,700 franchisors and 1,50,000 franchisees.
With start-up wave simmering down in India, countless entrepreneurs are realizing the true potential (and ease) that franchising concept involves, including the short break-even point and quicker outcome. And the mentioned numbers very well documents this picture.
So if you’re planning to start a new business – but buying an existing one doesn’t align with your goals and starting something from the scratch sounds too much of hassle – franchising is your ultimate solution.
YOUR FRANCHISING JOURNEY STARTS HERE
STARTING A FRANCHISE
IT’S SIMPLE — BUT IT ISN’T EASY
Much like venturing any path in the business landscape, it requires advanced planning and impeccable strategy, followed by right execution, to grow and sustain in the long run. There’s a host of things that need to be factored before striding ahead and committing yourself.
BUILDING A FRANCHISE
OF COURSE, YOU WANTED ALL!
When you started your company, didn’t you want it to grow and sustain, delivering you big bucks? Did you not want to create a business that spans across state and even countries with thousands and thousands of customers?
BUYING A FRANCHISE
ARE YOU WILLING TO START AN EMPIRE FROM THE SCRATCH?
It seems like everyone is starting their own company these days. While as trendy as this is, it might not necessarily be feasible for all. Maybe the idea of creating and shaping a brand name from the scratch doesn’t sound so convenient to you.