Franchising is an excellent way to expand a brand's reach by transcending geographical barriers. It could also be a step towards growing a successful Business empire. By implementing franchising, an individual can easily become associated with the brand of his/her choice, mainly because he/she anticipates a lucrative return on investment.
The location of an expanding Franchise business always determines the possibility of its growth and expansion, as it provides access to the right employees, raw materials, and investors, among others.
Top 5 Cities to Expand Your Business in India by Franchising
- Mumbai
- Pune
- Bangalore
- Delhi
- Hyderabad
Read more about these cities below
1. Mumbai
A franchise business could expand in Mumbai because Mumbai has a talented workforce and a developed infrastructure.
Mumbai is one the largest cities in India; it has the largest population and the highest GDP. It accounts for 70% of the country’s capital transactions. Some of the world's leading franchise brands have their headquarters in Alpha World City.
The city is home to some important financial institutions like the Reserve Bank of India, the Bombay Stock Exchange and the National Stock Exchange. No wonder, Mumbai is ranked as the fastest growing cities in India for business expansion.
Visit the Best Franchise Consultants in Mumbai here
2. Pune
Pune is another city in Maharashtra that is close to Mumbai. It is a rare opportunity for companies to establish a presence in Pune while maintaining access to the capital markets, customers, and suppliers in Mumbai.
Pune is seeing huge improvements in infrastructure development and around 3 million sq ft of real estate is being developed today. This, in turn, creates a huge potential for franchisors to expand their franchise business. Franchise business in this city is growing at a fast pace.
Tech giants like Infosys, Tata consultancy services, Accenture Solutions provide technology support & other infrastructure readily developed. There are various government schemes to boost FDI in Maharashtra, including MahaParwana (Mega Permission) Schemes, for entrepreneurs to expand their business in Pune. All these factors make Pune one of India's most important business cities.
Get Franchise consultancy from Best Franchise Consultants in Pune here
3. Bangalore
There is no doubt that Bangalore is one of the best economic centers of India. A hyperactive economic scenario is to blame for that. Many people know Bangalore as the Software and Technology Hub of India.
However, there are many opportunities for business expansion in Bangalore that you can exploit. That is why anyone with a viable franchised business can expand business there. The city is also known for having a distinct culture of mentorship and networking.
It is one of the many reasons that franchised businesses get drawn to this city. Also, Bangalore's literacy rate is considerably higher than that of other cities. As a result, franchisors can hire from a pool of talented and well-educated individuals. Expanding a business in Bangalore and sustaining it would require passion, dedication, and an idea to begin with.
Contact the Best Franchise Consultants in Bangalore here
4. Delhi
In contrast to Mumbai, Delhi is known for its extreme climate, other than the fact that it is the country's capital. While thinking of New Delhi, one also thinks of satellite cities like Gurgaon that are great for franchise businesses to flourish.
New Delhi is a place with a wide range of industries, which includes a financial sector, industrial sector and holdings of multiple leading companies. A large population hub, Delhi also has good access to political decision-making, which makes it the most important political center in the world. If you’re considering expanding your business through franchising, then you can consider Delhi as a city for expansion.
According to Franchise India, franchising has witnessed a growth of around 30-35% over the last four-five years and the overall turnover is estimated at around INR 938 billion. The sector contributes approximately 1.8% to the Indian GDP today and is expected to make up around 4% by 2022.
Get Franchise Consultancy from the Best Franchise Consultants in Delhi
5. Hyderabad
Hyderabad, better known as “The city of Pearls” and extremely famous for its mouthwatering delicacies, boasts a ton of opportunities of Franchise Business Expansion for franchisors who want to explore new cities of the country.
Many franchise business expansions have already taken place here. The city is known for its business markets and provides a profitable business to both the franchisees and the franchisor. Considering Hyderabad for your franchise business expansion is a great idea.
Contact the best franchise consultants in Hyderabad to expand your Business
Conclusion.
Our search for the 5 best cities in India for franchise business expansion led us to some exciting facts. We had cities like Bangalore, Pune, Hyderabad, Delhi, and Mumbai topping the Franchise businesses expansion in India.
Go ahead, select a city of your choice from the list of cities mentioned above and reach out to our franchise executive of your city, and get started with the franchise business expansion opportunities that are now readily available for your city or town in India.
We at Sparkleminds have helped more than 500+ clients to franchise their business both abroad and domestically. You can connect with us today for your franchise business expansion
Contact us today
Sparkleminds
309, Swiss Complex, 33, Race Course Road, Bengaluru, Karnataka 560001
Call us : 098444 41300
This post first appeared on Why Should You Franchise Your Business?, please read the originial post: here
