Top 10 Franchise Business for Small Towns
The concept of Franchise Business opened the gate for spectacular possibilities of profits and success with limited liabilities if you are planning to begin a business venture even if you are in a small town. Generally, the Small Towns bridges the gap between the cities and villages and this is the place where a business can have voluminous scope for growth. Often there is a misconception that Big businesses can happen only in big cities but in reality, small towns provide an opportunity to explore a different market condition with a reasonable percentage of ROI.
It is stated that in India, above 10% of the country's GDP and 8% of the employment is from the rural entrepreneurship business and retail space. Globally, it is stated that India is the 5th largest destination for retail and franchise businesses. Also, it is anticipated that the overall value of the retail business will rise to US $1 trillion by 2020. It is expected to grow at an annual growth rate of 12% to 20% in the upcoming years. Apart from this India's (B2B) - Business to Business is expected to raise 7 billion US dollars by 2020.
This is the platform where you can commence a business with low investments and turn it into a big enterprise with persistent efforts. To begin a Franchise Business in the small town you have to do an in-depth groundwork such as geographical locations, capital investments, investment of manpower, purchase of equipment, and so on. Before doing all these groundworks you have to decide what kind of Franchise business you can commence in a small town. Based on the business type you are going to opt it will be easy for you to organize the work and the other legal requirements efficiently. In this blog, we have briefly outlined the top 10 Franchise businesses that you can choose to do in the small towns and that which will lead to a successive path.
Pre- Schools: This one of the best one-shot investments with good ROI. It is stated that in India Preschool businesses have seen tremendous growth in the recent past. It is anticipated that the total CAGR is expected to rise to 19% around 2019- 2024. The innovative learning techniques such as the Montessori method of learning have attracted parents to join their kids to schools at an early stage. Also, in the coming day with the increasing nuclear family and working parents, there will be an endless need for early education and daycare centers. Checkout the Preschool Franchises here.
Food Trucks: Food Truck can be given the first preference out of all the options in a Franchise business. The reason is simple: who doesn't love to taste different foods? When you have a Food Truck there is an additional advantage compared to other franchise businesses. It has mobility, a Food Truck can be in any place at any time. For Example, consider you are having a Food Truck, you can just park the truck outside a school, college, or outside an office in the late afternoon. Definitely, you can make a handsome amount of money with Food Franchises with no space for doubts. The only thing that matters here the most is the taste and quality of the food provided to develop the business.
Laundry Services: This business comparatively requires a higher one time investment. However, the high-cost investments can turn to profits soon in this business. In the initial stage, you can appeal to the customers with services at an affordable range along with quality services. Additionally, you can also complement your customers with a small cafeteria while waiting for the washing to happen. Apart from these services, laundry services with a Pick and Drop service at the doors can help you gain more customers to the business. You can check various Laundry Franchise Opportunities here.
Grocery Store: It is the ever-moving business as the people in a locale cannot always commute to the market for small items. Mostly they step into the nearby store to purchase their requirements. Grocery Franchise is an evergreen business. Most of the people prefer a Grocery Store that is located near to their doorstep to avoid the crowd. Initially, you can start with small investments and by the passage of time, you can own a chain of supermarket stores in different locations.
Internet Services: Internet has become the part and parcel of life. In today's world without the internet possibly 70% of the work would just stagnate. As various Internet service providers are entering into the market the competition is high and tough. You can wisely invest in this area with a minimum investment by providing the internet access to remote areas. You can begin a Recharge and Mobile handsets store in the remote areas. Also, you can open the retail branch of popular mobile and internet services in cities. The yield of profit in this business is significantly high and constant.
Automotive Repairs: Automobile Franchise business surely requires a huge capital investment at the initial stage. But, the later benefits are equally leaps and bounds in it. Auto Repairs is common for an individual who owns a car, bike, auto-rickshaw, travel bus, and other public transports. All these vehicles can not run efficiently without spare parts after a certain period. For a smooth and safe ride, people have to change spare parts of their vehicles regularly. Owning an Automobile Spare parts business will definitely result in huge benefits.
Beauty Salon or Spa : Presently, both men and women are conscious about their appearances. Both of them like to be groomed well before for any meetings or gatherings. Even otherwise people have now become more conscious of their physical appearances. You can get regular profit in this business with a slightly high-level of investment with quality services. For best Spa Franchise Opportunities refer to this page.
Ice Cream parlor: Anything that is related to a food-based industry can have a definite ROI. Also, setting up an ice cream parlor doesn't incur more capital investment. Owners can even let out a portion of their house to begin this business initially. If you are planning to have an Ice cream parlor then it is preferable to begin in warmer climate conditions. Besides, this business moves steadily in Shopping Malls and theaters. Further, if you gain success and more profit in this venture you can slowly expand the horizon of the business to candies, cakes, and sweet stores for special occasions. Look for Top recommended Ice Cream Parlor Franchise Opportunities by Franchisees.
Nursery Farms: Recently, people have shifted their attention on eating foods that are organic. They are looking for food that has no adulteration in it. This has led many many people to set a rooftop garden or microgreens at their homes. Where they can have the vegetables and fruits that are grown by them. Apart from this most of the people also like to have a floral garden for decoration purposes on their lawn. This field has seen a tremendous scope in the recent past also going forward there would be voluminous scope for this business. The initial investments are also comparatively economical and affordable.
Pharmacy: Medicines are one of the essential commodities in our day-to-day life. Though the upfront costs and recruitment process is typically higher and tedious when compared to other franchise businesses it is a kind of business that can sustain in the long-run as well. This is one of the essential business and ever-moving business you can opt for. As people usually in India step into a pharmacy first before the hospital for small health ailments.
Now, that you have seen the brief outline of the Franchise businesses that you can opt-in the Small towns. It is more important to meet the local demand in that area. Meeting up with locality demand can help you sustain in the long run as well. Always concentrate on what is missing in the small towns and try to begin your venture with that.