Franchise Consulting Company – Franchise Alpha
Franchise Consulting Company – Franchise Alpha. Franchise Business in India will cross $100 billion mark by 2024 . 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 4,700 franchisors and 1,70,000 franchisees.
- However, the Indian franchise market is still very young; the industry accounts for roughly 2% of the national gross domestic product (GDP).
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.
