You must check the profitable franchise opportunity in Mumbai because, nowadays, people in Mumbai are highly motivated towards starting a business rather than doing a 9 to 5 job.
However, there are many things that come along with the idea of starting your own business. It can often be difficult to handle the obstacles in business, but once the business starts making profits, it will reward your efforts very well. So all the effort and risk are worth it when you put them into the right business.
A franchise business is the best option for those who have limited investment but want to make a good profit in a short time. Starting a franchise business can be really exciting and can help you achieve your dream of great success.
In Mumbai, there are many MNCs that have their franchises. Today, there are many MNCs who are successfully ruling our country with their franchises. The list includes some of your beloved brands like McDonald’s, Zara, KFC, Domino’s, Pizza Hut, Baskin-Robbins, etc. They are some of the most profitable franchise opportunity in Mumbai.
What is franchising?
A franchise (or franchising) is a technique of selling goods or services that involves a franchisor who creates the brand’s trade name and business model and a franchisee who pays a royalty and frequently an initial fee to have the right to use the franchisor’s name and method.
In simple words, a franchise is a business model in which you get complete authority to use someone else’s brand name and process. This authority is given for a certain period of time as per the franchising contract. In order to use the brand name, you have to make a small investment and sign a contract that includes all the terms and conditions.
Many people in Mumbai prefer franchise businesses because they create job opportunities. The franchisee gets business assistance, brand recognition, and a built-in customer base. The failure rate and risk involved in franchising businesses is lower. The profits are more than others.
So, if you are a Mumbaikar and thinking about investing in a franchise business, you may get a long list of franchisors as Mumbai is the financial capital of India and every brand wants to have its presence in the city. But you must look for a profitable franchise opportunity in Mumbai.
Before choosing an ideal franchise for you, conduct proper research on the brand, franchisor, the demand for the product, competition, budget, etc. Most of the franchise fees range from around Rs. 1 lakh to Rs. 20 lakh.
The list of profitable franchise opportunity in Mumbai
Here’s a list of profitable franchise opportunity in Mumbai, including brands from various industries. We have sorted it out for you. Read and select the best franchise for you.
1. Naadbramha Idli
Launched in: 2020
Investment required: Rs. 12 lakh to 15 lakh
Area required: 200 sq. ft.
Other requirements
Naadbramha Idli sells Maharashtra’s No. 1 Idli. They started as a small restaurant in Pune and, in a very short time, they have grown to have 45+ franchises located in Pune, Mumbai, Ahmednagar and Nashik. They have become one of the most profitable franchise opportunity in Mumbai. They are known for their clean and hygienic environment. Their idlis are delicious and healthy.
Here’s something new for you. Their business model is based on a unique cooking model called the No Chef Cooking Mechanism. So you don’t have to hire a chef to make idlis. All the idlis are made in a machine and anyone can operate that machine easily. This machine makes 120 idlis in one round.
Guess what’s the most amazing thing? You don’t have to pay extra to buy this machine. Naadbramha Idli will provide you with the whole setup.
Naadbramha Idli has a great reputation in the market. All their customers and franchisees are very loyal to them. All their branches are highly successful.
2. Phixman
Launched in: 2015
Investment required: Rs. 13 lakh to Rs. 14 lakh
Area required: 200 sq. ft. to 500 sq. ft.
Other requirements:
- Detailed knowledge and understanding of the mobile repair industry.
- Knowledge of the internal parts of electrical appliances
- Knowledge of using the tools and equipment.
- Communication skills
Almost everyone has a smartphone today. So, a mobile repair store can be a profitable franchise opportunity in Mumbai.
Phixman is regarded as the third-largest network for repairing cell phones and tablets in India. Over 25 service centers operated by the organization, which has a strong and expanding network across the nation, offer quick and efficient fixes for all technological problems.
The organization has improved its brand equity in the market by putting a greater emphasis on customer pleasure. Through quality control and a reliable process, Phixman Company supports its clients by giving them a better experience.
Phixman is each customer’s one-stop shop for all of their technological problems. Phixman is accessible 365 days a year to fix any issue you may be having with your phone or tablet.
3. Me n Moms
Launched in: 1994
Investment required: Rs. 28 lakh to Rs. 35 lakh
Area required: 800 sq. ft. to 1000 sq. ft.
Other requirements: No
Me n Moms is a 0 to 4-year old baby and mother-care products manufacturer. Me N Moms’ mission is to provide the finest love and care in order to meet the needs of the children while cherishing those precious early years of motherhood and childcare. It is passionate about offering goods and services for moms, expectant mothers, infants, and toddlers in both markets. It is a name that is associated with child-care and parenthood in India. Through its emphasis on ongoing innovation, Me n Moms has developed an unwavering image for quality and safety standards. With an unwavering brand image for quality and safety standards and a focus on innovation and other touch points, MeeMee, which was introduced in 2006, makes the promise to fulfil “The Joy of Parenting” for every parent.
With more than 400 SKUS and a leading position in the 0–4 year category, MeeMee is the largest product brand in India and is available in more than 4500 outlets.
In Mumbai, Child and Mother care products are among the fastest growing industries. If you have interest in baby and mother care products, you can go for the Me n Moms franchise as it is one of the most profitable franchise opportunity in Mumbai.
4. Amul
Launched in: 1994
Investment required: Rs. 2 lakh-Rs. 5 lakh
Area required: A minimum of 100 sq. m.
Other requirements: No
For various reasons, Amul has excelled in the Indian dairy industry and is one among the most profitable franchise opportunity in Mumbai. The dairy empire offers a vast variety of high-quality milk products at incredibly low prices, catering to practically every industry and consumer sector. It has built a reputation for itself.
With its exceptional support and wide-ranging reach, Amul provides business people with incredible value through its franchises at affordable prices.
In addition to cafes, restaurants, canteens, food and tea stalls, grocery stores, ice-cream parlours, candy shops, fast-food chains, supermarkets, and other establishments, the dairy company also has consumers in other economic sectors. In addition to this, the business recently increased its presence online.
5. Patanjali
Launched in: 2006
Investment required: Rs. 7 lakh-Rs. 70 lakh
Area required: 300-2000 sq. ft.
Other requirements: If you want to open a Patanjali megastore, then it should be located within 1 km of Patanjali Chikitsalaya.
One of India’s top brands, Patanjali, was created entirely there. It has created fierce competition for the nation’s leading forage brands. Since its founding, this business has employed numerous people and assisted numerous farmers by using their raw resources to create Ayurvedic remedies.
People highly appreciate and trust the brand, whether they are in an urban or rural region. The worldwide popularity of Patanjali has enabled the brand to establish a presence in every Indian city. Since its start, Patanjali has been expanding. Thus, it is on the list of profitable franchise opportunity in Mumbai.
6. Lenskart
Launched in: 2010
Investment required: Rs. 25 lakh-Rs. 30 lakh, additional brand fees of Rs. 2 lakh
Area required: 300-500 sq. ft.
Other requirements:
- Entrepreneurial skills
- Excellent educational background
Since its founding by Peyush Bansal in 2010, Lenskart has become one of India’s most rapidly expanding eyewear businesses. With more than 1,000 locations, Lenskart offers a variety of eyewear, including eyeglasses, sunglasses, and contact lenses. Additionally, Lenskart offers franchising options to business owners and individuals looking to start a company in the eyeglasses sector.
In India, the retail sector for eyewear is emerging in the nation. So, Lenskart is one of the most profitable franchise opportunity in Mumbai. The Indian eyewear industry was valued at about Rs. 8,400 crores in 2016, and it is anticipated to reach Rs. 12,600 crores in the years to come.
7. FirstCry
Launched in: 2010
Investment required: Rs. 20 lakh-Rs. 30 lakh
Area required: 1000-2000 sq. ft.
Other requirements:
- Leadership skills
- Behavioral etiquettes
FirstCry is the largest online retailer of baby and children’s products in Asia, offering items for infants and children up to the age of early adolescence. The primary goals of the business are to offer premium goods at competitive pricing, together with a wonderful shopping experience, free shipping, and top-notch customer support.
FirstCry offers a broad range of products that it has purchased from prestigious top brands both at home and abroad. Diapers, strollers, clothing, shoes, and many more items are among the available goods.
Both online and offline, FirstCry is accessible. online via its website and mobile devices, as well as offline via its nationwide network of physical stores. Due to this, the business has developed a solid foundation and a well-known brand name that is loved by more than 20,000,000 families nationwide and is growing.
The Naadbramha Idli franchise is cheaper than many in the list. But it yields a great profit. If you have noticed, all the other brands have been established for a long time. But Naadbramha reached here in the short time of just 1 year. It is the fastest growing fast food brand and the most profitable franchise opportunity in Mumbai. Their mission is to make India a healthier country by providing them healthy and tasty idlis. They are the best at that and are moving closer towards the mission every single day.
Join Naadbramha in the mission to make India healthy.
Contact us right away to learn more and have a thorough discussion.
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