How Women Can Realize Their Self-employment Dream With Franchise Businesses?
Despite the fact that women entrepreneurs are on the rise in India, the harsh reality is that they are vastly outnumbered by men in the entrepreneurial sphere. Women make up only 14 percent of India’s entire entrepreneur base, according to statistics released by the Ministry of Statistics and Programme Implementation.
For starters, becoming an entrepreneur is not simple. For a woman, the difficulties are multiplied. Women have to jump through a lot of hoops to get their business off the ground, from socio-cultural barriers to problems getting finances to a lack of government backing.
Why Franchising is the Best Option for Aspiring Women Entrepreneurs?
For women, franchise ownership has emerged as a terrific way to break into the world of business and self-sufficiency. In today’s competitive business world, finding a job that provides financial security and allows you to balance work and family life is becoming increasingly difficult. Most women, on the other hand, prioritize their personal commitments and family responsibilities, which typically entail raising a kid. That is why franchising is such a good fit for young female entrepreneurs’ objectives and goals.
While no one can disagree that successfully running a franchise necessitates a significant time commitment, it does allow owners to choose the working hours and growth rate that best suit them and their circumstances.
Starting a business comes with its own set of merits and demerits, and it’s frequently difficult to anticipate how successful your business idea will be. Because franchises are based on tried-and-true business strategies, the risk and volatility involved are significantly reduced. Furthermore, franchisors also provide owners with all necessary information about the firm and its success. They’ll also guide you in the proper route by providing continuing assistance, training, and advice. When compared to beginning a business from the ground up, you’ll have to work everything out on your own, frequently at the expense of costly blunders.
In the case of a franchise, getting a bank loan is relatively easier. That’s because financing an existing franchise with a track record is easier and less risky for them than financing a completely new enterprise. But do remember that your chances of securing business loans get that much better if you have a good credit score or repayment history to back you up.
Top Franchise Business Opportunities For Women
1. Ice Cream Parlor
Ice cream is one of the fastest-growing segments of the dairy or food processing business in India. The ever-increasing players and their expansion across India via the franchise method are expected to drive growth in this industry. Some national and international players, such as Kwality Walls, Vadilals, Amul, Mini Melts, Baskin Robbins, Gelato Vinto, and others, have grown from one outlet to hundreds of thousands in a matter of years, demonstrating the attractiveness of franchising in this industry. The ice cream franchise is a fantastic way for women to identify themselves as successful entrepreneurs while also earning a good living. An ice cream parlor can be started with a budget of around Rs 6 lakh.
Some Ice Cream Franchise Options are:
A. Natural Ice Cream – Natural Ice Cream is a Mumbai-based ice cream company owned by Kamaths Ourtimes ice cream Pvt ltd. Natural Ice Cream is noted for its superior ice creams produced with natural and fresh fruit that is served cold right out of the churn. The company has grown dramatically over the years, and in less than three decades, it has amassed a sizable client base in the country, with 135 locations and 125 flavors, 20 of which are accessible all year.
B. Giani’s – Gianiice cream is one of India’s oldest ice cream chains, having opened in Fatehpuri, Delhi, in 1956 by Late Gyani Gurcharan Singh. Gianis now has 29 locations in the Delhi NCR area, with many more set to launch in the near future. Gianis offers a broad variety of ice cream flavors, including hot chocolate fudge, tutti frutti sundae, blue berry blast, rainbow cassata, rabri flooda, cold coffee, fruit cream, and many other delectable flavors that melt in your mouth.
Investment & Area Requirement
● Investment – 6+ lacs
● Area Requirement – 200+ sq feet
2. Fashion Boutiques
Starting a Designer Boutique is the ideal way to exhibit your personal ideas and creativity while also enjoying fashion and styling. Regardless of the circumstances, these boutiques are always profitable. Clothing is always in demand since fashion changes every year, and people require new garments as the seasons change. As a result, a boutique is a great concept.
Despite the fact that this sector is dominated by a few well-known boutique companies, there is a wealth of possibilities, particularly for women entrepreneurs. A good sense of fashion, creativity, and business are all things that will help you become a great entrepreneur. A franchise boutique business requires an investment of roughly Rs 50,000-Rs 2 lakh, as well as a space of around 100-250 sq ft.
Some Fashion Boutiques Franchise Options are:
A. Canary London – Canary London provides customers with high-end fashion. It is one of India’s fastest-growing garment retailers. As the name implies, they include an international element in all of their garments, which appeals to customers. Franchisees will be aided with training and will be led through the marketing and design process.
B. Biba – The prominent brand Biba is owned by BIBA Apparels Private Limited. In fact, Biba offers fashionistas current ethnic design at an accessible price. Biba is the brainchild of Mrs. Meena Bindra. Biba currently has 230 locations, 75 in malls and 118 on Main Streets.
C. Suti Clothing – Suti is owned by Wings (India) Fashions Pvt. Ltd. It is an Indian corporation situated in Jaipur. Kurtis, leggings, suits, and Patiala are among the brand’s premium womenswear offerings. The company currently operates over 50 exclusive brand locations around the country.
Investment & Area Requirement
● Investment – 2+ lacs
● Area Requirement – 200+ sq feet
3. Salon & Parlor Business
The salon sector is rapidly expanding. Women are in charge because they understand the business and know how to improve it. This is why, when it comes to beauty franchise expansion, women are more trusted.
The salon business concept is ideal for women who wish to start a business because it can be started on a modest scale or with minimal initial expenditure. The salon is a lucrative market that may help women entrepreneurs make a lot of money while also establishing themselves in a competitive industry.
Some Salon & Parlor Business Options are:
A. Lakme – Lakme is a more well-known brand of beauty items and cosmetics all over the world, having been in business for over 50 years. They have a loyal following of customers that buy their products only because of their brand name, which denotes high quality from their online store. Opening a franchise salon to sell their beauty products is a great business opportunity in India. In India, they already have over 150 physical stores spanning across 40 cities.
B. Looks – Looks Unisex Salon is a well-known name in the Indian hair and beauty industry. The business has set the bar for other salons in India, and it continues to flourish by following international beauty trends at a low cost. Looks boasts of experienced stylists and aestheticians who are trained by the brand to unparalleled service. Looks Unisex Salon is equally popular among both men and women.
C. Javed Habib – Jawed Habib is a well-known Indian stylist who dared to enter the then-underdeveloped beauty market. Jawed Habib salons provide a comprehensive range of beauty services that meet international standards. The salon network has locations across the country that offer bridal packages, hairstyling treatments, foot spas, and other aesthetic services. Investors can choose from a variety of franchise options, and the company is known for offering continuing assistance and training.
D. Cuts n Style – Cut & Style is one of the most prestigious beauty salon chains in the world, a one-stop grooming destination created to delight consumers with a world-class product line for Hair and Beauty services. CUT & STYLE has expanded its horizons to meet the hair and beauty needs of the public.
Investment & Area Requirement
● Investment – 25+ lacs
● Area Requirement – 300+ sq feet
4. Restaurant Franchise
Despite the fact that the majority of cooks are males, women in the restaurant industry are capable of handling and supervising the industry, particularly when it comes to ensuring workplace decorum, hygiene, and health. The return on investment will be roughly 50%, with a breakeven point of 1-6 months.
Some Restaurant Franchise Options are:
A. McDonalds – McDonald’s has franchises in over 120 countries across the world. McDonald’s began as a simple grill restaurant and has now expanded to include Fast Food items such as hamburgers, fries, wraps, soft drinks, ice cream, and more. McDonald’s currently has over 36000 locations in over 120 countries across the world. Customers can order a variety of combo meals, desserts, special offers, and other services. They employ over one million individuals, implying that the brand alone employs millions of people.
B. Burger King – Burger King (BK) is an American hamburger fast food restaurant company whose menu ranges from a basic selection of burgers, French fries, drinks, and milkshakes to a more extensive and diverse range of items. BK uses non-beef goods like TenderCrisp and TenderGrill chicken sandwiches, as well as other products like mutton sandwiches and vegetarian sandwiches, to expand in India.
C. Burger Singh – Burger Singh was formed in 2014 by a team of highly experienced individuals in the F&B sector, Mr Kabir Jeet Singh and Nitin Rana, with a mission to give an Indian twist to burgers in order to cater to the increasing demand for Indian cuisines. Burger Singh’s basic product line includes vegetarian and non-vegetarian options, as well as fries and drinks in various combinations. Over the next three years, they plan to open 77 locations throughout India, making it one of the greatest fast food franchises in the country.
D. Dominos – Domino’s Pizza is an international franchise that sells pizza via delivery and is the second largest pizza business in the United States, with locations in every state. The franchisor offers Domino’s Pizza Store concepts, in which the franchisee runs a Domino’s Pizza Store that sells pizza and other permitted products via delivery and carryout. There are numerous advantages to owning a Domino’s Pizza franchise.
E. Pizza Hut – Pizza Hut offers a variety of excellent pizzas as well as other cuisine products. There’s a vast variety of pasta, wings, sides, desserts, drinks, and calzones on the menu. Pizza Hut currently has more than 11000 locations in more than 100 countries.
F. Barbeque Nation – In the year 2006, Barbeque Nation introduced the concept of a live grill to India. Grills were discovered under the table by customers attending Barbeque Nation. It allowed people to cook their own barbeque, and it quickly became popular. Now that the business has established itself in the customized dining space, it has begun to expand its operations across the country. Barbeque Nation began as a single restaurant in Mumbai and has since grown to over 140 locations across the country.
G. Pind Baluchi – PindBalluchi is the perfect spot to satisfy all of your North Indian culinary desires while also transporting you to the genuine Punjabi Pind. It is well-known throughout the country for its wonderful North Indian cuisine. Traditional entry doors, jharokhas, wooden chairs, and lanterns, as well as the restaurant’s waiters dressed in traditional uniforms, add to the overall village setting. The restaurant’s open kitchen simulates an open dhaba, complete with simmering tandoor effects and sizzling tawa preparations, ensuring a wonderful eating experience.
H. Haldiram – Becoming a Haldiram Franchisee, a well-known brand, is a fantastic opportunity for any business-minded people who wish to deliver good quality in exchange for a fair price. The biggest benefit of becoming a Haldiram Franchisee is that as a distributor, you won’t have to put in any effort to establish the brand because it’s already well-known in India and overseas.
I. Bikanerwala – Bikanervala is a well-known brand throughout the country, and one of the most important families of traditional sweet manufacturers is said to be Bikanervala. Bikanervala’s renowned name and fame stems from the immense treasure trove of traditional Indian sweets, namkeens, and spices that have been developed and polished over a long period of time. Bikanervala is known for its high quality and inventive Indian cuisine, particularly sweets and snacks. It provides customers with the highest quality, flavor, and hygiene. It provides you with the pure flavor of homemade sweets and nibbles.
J. Sagar Ratna – Sagar Ratna opened its first branch in Defence Colony in 1986, and it has since grown to become the most popular South Indian cuisine destination in the country. With over 90 restaurants, Sagar Ratna has built a foothold in the National Capital Region (NCR) through company-owned restaurants and in many key cities across North India through franchise outlets in a relatively short period of time. Sagar Ratna continues to thrill its patrons with its traditional South Indian food cooked fresh many times a day, having earned numerous honors in the hospitality sector in various categories over the years.
Investment & Area Requirement
● Investment -7+ lacs
● Area Requirement – 300+ sq feet
Final Thoughts
Do you want to work in your field of interest? You can choose a franchise from a wide range of industries, including education, fitness, health, and wellness, as well as cuisine, fashion, and beauty. That is the beauty of franchising! While the industries just named are among the best-performing for women franchise owners in India, successful franchise businesses can be found in a variety of fields.
