Starting a food franchise in India can be an excellent way to venture into the food industry with minimal risk. For those with a tight budget, finding a franchise under 1 lakh INR can be a game-changer. Here’s a look at some of the best food franchises available under 1 lakh in India, along with steps to get started and tips for success.
Benefits of Low-Cost Food Franchises
- Low Initial Investment: Reduced financial risk makes it accessible for many.
- Proven Business Model: Operating under a well-known brand can lead to quicker returns.
- Brand Support: Franchisors offer support in marketing, training, and operations.
- Scalability: Easier to expand and open multiple outlets.
Top Food Franchises Under 1 Lakh
1. Chaat Adda
- Initial Investment: Around 50,000 to 1 lakh INR
- Specialty: Varieties of chaats and Indian street food.
- Support: Training, marketing, and operational assistance.
2. Amul Preferred Outlet
- Initial Investment: Around 75,000 to 1 lakh INR
- Specialty: Dairy products, beverages, and snacks.
- Support: Product supply, training, and brand recognition.
3. Café Udupi Ruchi
- Initial Investment: Up to 1 lakh INR
- Specialty: South Indian snacks and beverages.
- Support: Menu guidance, training, and marketing support.
4. Lassi Shop
- Initial Investment: Around 1 lakh INR
- Specialty: Various flavors of lassi, shakes, and beverages.
- Support: Training, product development, and marketing support.
5. Pizza Da Dhaba
- Initial Investment: Around 1 lakh INR
- Specialty: Fusion of pizza and Indian flavors.
- Support: Training, marketing, and operational assistance.
Steps to Start a Food Franchise Under 1 Lakh
1. Research and Selection
- Identify and compare various low-cost food franchises.
- Evaluate the franchise’s reputation, customer reviews, and business model.
2. Financial Planning
- Assess your budget and arrange the necessary funds.
- Consider costs for franchise fees, equipment, initial inventory, and working capital.
3. Application and Agreement
- Contact the franchisor and express your interest.
- Fill out the franchise application form with required details.
- Review and negotiate the franchise agreement terms.
4. Location Selection
- Choose a strategic location with high foot traffic.
- Ensure visibility and accessibility for customers.
5. Setup and Training
- Follow the franchisor’s guidelines for store setup.
- Attend training programs for food preparation, customer service, and operations.
6. Marketing and Promotion
- Utilize the franchisor’s marketing support and materials.
- Implement local marketing strategies such as social media promotions, flyers, and discounts.
7. Launch and Operations
- Launch your franchise with a grand opening event.
- Focus on maintaining high standards of food quality and customer service.
Tips for Success
1. Customer Focus
- Prioritize customer satisfaction and build a loyal customer base.
2. Consistency
- Ensure consistency in food quality and service standards.
3. Marketing
- Continuously promote your franchise through various marketing channels.
4. Monitor Performance
- Regularly track sales, expenses, and customer feedback to identify areas for improvement.
Conclusion
Starting a food franchise under 1 lakh INR is a feasible and promising business opportunity. With careful planning, choosing the right franchise, and dedication to quality and customer service, you can successfully run a profitable food franchise. Explore the options, follow the steps, and embark on your entrepreneurial journey in the food industry.