Home based franchises at less than Rs 10 lakh

It’s time to explore home based franchises

With more and more people wanting to don the hat of an entrepreneur, there has been a substantial increase in the franchise business modules. The rise of home based franchises business have written several success stories. Let us look at the top 10 home based franchise business one may consider under Rs 10 lakh.

Play gym: With the growing popularity of nuclear families and working parents, play gyms offer parents a one-stop solution for their kids’ physical activity combining play with exercise. The growing popularity of video game consoles with children spending time in front of the TV screen is also balanced out by such play gyms. Startup costs of ‘Physical Parenting’ centers depend on the type of facility provided but all play gyms could be easily located in your home.

Educational Consultancy: With a lot of youngsters seeking professional advice on their career options in India and overseas, there is a huge untapped market for such educational consultancies to blossom especially in smaller cities. This could be operated easily in a designated area in one’s home and does not require too much technical knowhow to run and operate the franchise.

Vaastu Consultancy: Vaastu consultancy is a thriving business opportunity with various well known brands offering franchise opportunities with very little investment. Vaastu consultancy services can include offering customers ways to make their homes and offices vaastu compliant either while construction work or after the construction activity as the case may be. Vaastu consultants can tie up with various architects in their city to increase the quantum of their clients on a revenue sharing basis. Furthermore, the centers can operate vaastu tutorials and classes for still higher revenues.

Juice Bar/Coffee Shop:  While it may be hard to get a franchise of a well known eatery brand under Rs 10 lakh, many smaller companies are offering dedicated centers specializing in their area of expertise. Juice bars and domestic coffee shops are one such option one may consider. The downside is that one can only operate such a business if one's home is located either close to a commercial area or in a commercial center to attract potential customers.

Salon: If fashion is your thing, then look no further than opting for a beauty salon as a home-based franchise business. While some of the bigger and well established brands may be charging a higher premium for their brand value, most medium levels brands offer franchise models under Rs 10 Lakh. Beauty salon business has a vast upside to it if operated in a professional manner.

Classified Advt. Booking Centre:  With the rise in number of media outlets, many media companies are now offering franchise modules for classified advertising booking centers. Classified advertising booking centers can be operated from a home office and has a tremendous upside in smaller cities.

Language Tutoring Academy: Foreign language tutoring academy or English speaking academies are a good business module for a home-based franchise business under Rs 10 Lakh. The growing popularity of such centers in urban areas underlines the high need of such language tutorial centers in smaller cities and towns. While spreading quality education, such language tutoring centers offer a good business proposition in the medium to long-term.

CTA: Are you willing to invest into home based franchises ? Do share your views.

ENDS