Which Food Franchises Are Available Under 2 Lakh?

Starting a food franchise is a popular way to enter the food industry, especially when you can leverage an established brand. If you have a budget of under 2 lakh INR, there are several affordable food franchise options available in India. Here’s a look at some top choices and steps to get started.

Benefits of Low-Cost Food Franchises

Lower Financial Risk: Reduced initial investment minimizes your financial risk.
Quicker Returns: Potential for faster return on investment due to lower setup costs.
Easier Scalability: Lower costs make it easier to open multiple outlets.
Proven Business Model: You get to operate under a well-known brand with a tried-and-tested business model.

Top Food Franchises Under 2 Lakh

1. Chaat Adda

Initial Investment: Around 1-2 lakh INR
Specialty: Wide range of chaats and Indian street food.
Support: Training, marketing, and operational assistance.

2. Amul Preferred Outlet

Initial Investment: 1-2 lakh INR
Specialty: Dairy products, beverages, and snacks.
Support: Extensive product range and brand recognition.

3. 99 Pancakes

Initial Investment: Around 2 lakh INR
Specialty: Pancakes and desserts.
Support: Menu guidance, training, and marketing support.

4. Kulfi Centre

Initial Investment: 1-2 lakh INR
Specialty: Various flavors of kulfi and ice creams.
Support: Product supply, training, and promotional support.

5. Lassi Shop

Initial Investment: Around 2 lakh INR
Specialty: Different flavors of lassi, shakes, and beverages.
Support: Training, product development, and marketing support.

Steps to Start a Food Franchise Under 2 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 2 lakh INR is an achievable 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.