India is one of the diverse nations; industrial sector is pacing due to number of franchise establishments in past few years. Noticeable changes have been observed in economic condition, for example standard of living improved in metros, tier 1, 2 and 3 cities and government is also encouraging domestic as well as global entrepreneurs to invest in local markets. Franchise business sector is contributing largely towards economy of the nation, at present approx. 3 million employment opportunities generated and is estimated that in coming years there will be more business options available for small pocket entrepreneurs. Owning a money-making franchise is an entrepreneurs dream but due to stiff competition inexperience contenders unable to stay in market for longer time. Overall before investing in any franchise categories few things should be considered like: brand value, profit margins, future strategies of brand, services, breakeven point, etc.
Connect franchise is adroit franchise consulting firm which has done fantastic work to bring best brands in sectors: food & beverage, entertainment, jewelry, automobile, etc. Indian brands are growing at rapid rate, boosting employment and export of local products to new markets all over the world. Many of the categories are available but few of them are evergreen:
- Food & beverage: Day-by-day Indian population is enhancing, consumer spending are positive for franchise establishments. Food and beverage franchise segment is always fruitful, there are number of brands that offer magnificent support to franchisee.
- Retail: It is also a top category for investment. Retail sector is a multibillion dollar and is projected to generate lots of business opportunities in next five years.
Automobile: Increasing demand for automobiles over past few years is beneficial for Indian economy. Doors of new business have been opened, local and global brands are entering in Indian marketplace through franchising route.