Companies Opting Franchise Biz

(prHWY.com) February 22, 2013 - Faridabad, India -- Now a day's more numbers of people are attempting franchise business to sell their products and services from insurance to office equipment to financial services. For branding or online marketing promotion, the entrepreneurs are directly contacting with franchise organizations. As the parent companies provide best ideas to how to handle the business model, online training and support, lucrative opportunities and also financial loans, the entrepreneurs are opting the franchise model for business expansion.

The present scenario of Indian business environment has changed and proved itself as a hub of franchise industry. The diversity of the population, share size of market, growing economy and modification in lifestyles pushes the franchise opportunities with modern retailing in the country. Sectors such as food and beverage, education, fitness, business services, retail, telecom and healthcare, are the fastest growing. Other sectors like home based business, beauty and spas, fitness services, automotive, IT, beauty and tourism are quick grasping up. It is fact that 30 percent sales in India are based on franchise business.

Indian market size of franchise business:
Now the franchise business in India is growing rapidly, that's why it has become the second largest country in franchise business in the world. With the modern growth hooked at nearly 30-40%, the industry will surely catch the high position in the forthcoming years. With an annual turnover of nearly US$3.3 billion, it consists of nearly 800 franchisors about 40,000 franchisees. Only 10 percent are foreign owned out of 800 business owner.

Top players in franchise industry:
There are a lot of franchise companies are running in India that have made their presences strongly and also expecting that it will grow up with high rates. According the area of interests the brand has initiated the branding via franchising and now also playing an important role in the country's economic development with greater job creation. Such as Gelato Vinto and Go Foodiezz... Organizations are the leading firm in food and beverage sectors and have set up good number of franchised outlets in India. With more than 500 national or internationals outlets, Archies ltd, that is a famous gifts and Cards Company is also planning to increase their franchised outlet overseas. In other hand education and training institute like Aisect Ltd, SS College and Delhi Paramedical & Management Institute (DPMI) are also looking to expand their franchise network. Besides these, Refeel Cartridge companies and Entrainment Company like Funz Infinitum Technologies (p) Ltd also offering the franchise opportunities to prospective investors and small business owner. BSA, owned by Ti cycles have established the more than 400 franchised outlets and also set the plan to open new outlets.

So it depends on you whether you want direct communication or interested to enter as individual franchisee. If you communicate directly with business owner you can create the opportunity of gaining the parent company's approval and finally, accessibility to the complete franchise base. If you are entering in market as individual franchisees primarily, you will spin your business wheels faster than you could ever imagine.

For more information related to this franchising companies please visit: franchiseindia.com

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