Are you Confused About What Profitable Franchise Business to Start in Telangana?
Telangana, the newly made state, cut out of Andhra Pradesh in 2014, has shown some massive business opportunities, growing on its soil. It has been identified as one of the most business-friendly states of the country.
According to the FICCI KPMG report published in 2015, the direct selling market in Andhra Pradesh and Telangana has the potential to attain a market size of Rs 50 billion by 2025.
According to the report, by 2025 the industry can potentially engage direct sellers in the range of 1.3 million to 1.4 million including over 0.8 million women as direct sellers providing additional income opportunities to the households.
The Telangana market is ready and if you are thinking about what franchise business to start, then take a look at the following points:
The automotive franchise comprises of branded car selling to car washing, repairing, reselling and maintenance etc. Telangana is one of the most rapidly developing states in terms of business, where transportation plays a major role.
The required investment would be 20-30 lakhs and ROI would be 30-40%.
Telangana is known for its food and as a developing state, the population is from every part of the country, to cater all, cafes are mushrooming and to keep self ahead of the competition, café franchise business would be one of the safe and profitable options.
The required investment would be up to 15 lakhs and ROI would be 45-50%.
Courier business will grow, where new business is set up and import-export plays a major role, which is why it is profitable to take up courier franchise, to begin with.
The required investment would be up to 10 lakhs and ROI would be 15-20%.
Telangana is known for the IT services and in IT companies, the consultancy is the one-stop destination when they are looking for people to hire in their companies, so consultancy franchise business has a huge opportunity to grow in Telangana.
The required investment would be 20-30 lakhs and ROI would be 25-30%.
Business Services franchise:
When businesses are coming up in rapid speed, demand for business services will also grow, hence taking up business service franchise will always prove fruitful in this state.
The required investment would be up to 30 lakhs and ROI would be 15-20%.