Are you considering venturing into the world of food franchises in 2024? With numerous opportunities available, choosing the right franchise can be a game-changer. Whether you’re drawn to globally recognized brands or niche local favorites, each franchise offers unique benefits and investment opportunities. Let’s explore some of the most popular food franchises in 2024 that could turn your entrepreneurial dreams into reality.
Most Popular Food Franchises to Consider in 2024
McDonald’s
McDonald’s, established in 1955, stands as the second-largest employer in India’s franchise sector with over 38,000 outlets across 100+ countries, including 180+ in India. Owning a McDonald’s franchise is a coveted opportunity for entrepreneurs, offering substantial profit potential and financial independence.
Investment: ₹1.5 crores to ₹10 crores
Requirements: Spacious outlet, food and outlet licenses, kitchen equipment (oven, fryers, etc.)
Market Demand: McDonald’s continues to expand in India, planning new outlets in various cities.
Profit Margin: ₹12 lakh monthly
Amul Ice Cream
Amul, renowned for dairy products, offers two franchise models: Amul Kiosk/Railway Parlour and Amul Ice Cream Scooping Parlour. With 1500+ scooping parlours nationwide, Amul franchises are ideal for entrepreneurs looking to capitalize on India’s growing dairy market.
Investment: ₹6 lakhs to ₹10 lakhs
Requirements: Outlet space (100-150 sq. ft.), infrastructure, equipment, licenses
Market Demand: India’s dairy market is projected to reach ₹30,840 billion by 2027.
Profit Margin: ₹5 lakhs monthly
Kentucky Fried Chicken (KFC)
KFC, a global leader since 1952, boasts over 40,000 outlets worldwide, offering a lucrative franchise opportunity in India. Despite higher initial investment, KFC franchises promise substantial returns and sustained market growth.
Investment: ₹50 lakhs to ₹3 crores
Requirements: Licenses, restaurant equipment, utilities setup
Market Demand: KFC aims for steady global growth in system sales and unit expansions.
Profit Margin: ₹3 lakhs to ₹4 lakhs monthly
Burger King
Burger King, with nearly 14,000 stores globally, offers diverse menu options including burgers, chicken, and salads. Franchising with Burger King in India involves significant investment but promises substantial market growth and profitability.
Investment: ₹3 crores to ₹10 crores
Requirements: Food and restaurant licenses, 1200 sq. ft. outlet space, equipment
Market Demand: Expected growth in India’s QSR sector
Profit Margin: ₹3 lakhs to ₹4 lakhs monthly
Haldiram’s
Haldiram’s, established in 1941, is a prominent snacks and frozen food brand with a strong global presence, including 80+ countries. Franchising with Haldiram’s offers substantial growth opportunities in India’s expanding snack market.
Investment: ₹1 crore to ₹4 crores
Requirements: Outlet, infrastructure, licenses, equipment
Market Demand: Haldiram’s plans extensive expansion in India.
Profit Margin: ₹2 lakhs to ₹5 lakhs monthly
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Nizam’s Biryani
Nizam’s Biryani, known for its variety of biryanis and kebabs, offers a flexible franchise model adaptable to different locations. With a robust customer base, Nizam’s Biryani franchises promise attractive returns in India’s growing food sector.
Investment: ₹12 lakhs to ₹15 lakhs
Requirements: Spacious outlet, infrastructure, licenses, equipment
Market Demand: Expected high CAGR with plans for multiple outlets in India.
Profit Margin: ₹1 lakh to ₹5 lakhs monthly
Domino’s Pizza
Domino’s Pizza, a leading pizza chain globally, offers diverse franchise options in India’s expanding QSR market. With a robust customer base, Domino’s franchises promise stable growth and profitability.
Investment: ₹50 lakhs to ₹70 lakhs
Requirements: Licenses, utilities setup, real estate
Market Demand: India’s QSR market projected to grow significantly by 2025.
Profit Margin: ₹1 lakh to ₹3 lakhs monthly
Dunkin’ Donuts
Dunkin’ Donuts, renowned for its doughnuts and coffee, offers a popular franchise model in India’s food industry. With a strong brand presence, Dunkin’ Donuts franchises promise growth and profitability in India’s competitive market.
Investment: ₹70 lakhs to ₹1 crore
Requirements: Outlet, licenses, kitchen equipment
Market Demand: Strong market cap, global expansion.
Profit Margin: ₹1 lakh to ₹3 lakhs monthly
Subway
Subway, known for its healthy sandwich options, offers a successful franchise model in India. With extensive global reach and plans for expansion, Subway franchises promise growth and profitability in India’s fast-food sector.
Investment: ₹25 lakhs to ₹30 lakhs
Requirements: Licenses, outlet setup, utilities
Market Demand: Growth plans for 2000+ franchise outlets in India.
Profit Margin: ₹1 lakh to ₹2 lakhs monthly
Wow! Momo
Wow! Momo, specializing in dumplings and Tibetan cuisine, offers a unique franchise opportunity in India. With a strong market presence and strategic growth plans, Wow! Momo franchises promise profitable returns in India’s street food segment.
Investment: ₹1 lakh to ₹8 lakhs
Requirements: Outlet, licenses, kitchen equipment
Market Demand: Estimated market size of $2.7 billion for momos in India.
Profit Margin: ₹85,000 to ₹1 lakh monthly
Biryani Corner
Biryani Corner, specializing in spicy biryanis, offers a low-cost franchise option with promising returns. With plans for expansion, Biryani Corner franchises promise growth and profitability in India’s street food market.
Investment: ₹50,000 to ₹1 lakh
Requirements: Small shop, kitchen equipment, licenses
Market Demand: Growth plans for multiple outlets in India.
Profit Margin: ₹30,000 to ₹1 lakh monthly
Tibbs Frankie
Tibbs Frankie, known for its affordable food options, offers a lucrative franchise opportunity in India’s fast-food sector. With a strong brand presence and strategic location requirements, Tibbs Frankie franchises promise growth and profitability in India’s diverse food market.
Investment: ₹3 lakhs to ₹5 lakhs
Requirements: Spacious outlet, infrastructure, licenses, equipment
Market Demand: Projected growth in India’s dairy market.
Profit Margin: ₹30,000 monthly
Pizza Hut
Pizza Hut, a pioneer in the pizza industry, offers a successful franchise model in India. With a strong brand presence and extensive customer base, Pizza Hut franchises promise growth and profitability in India’s competitive QSR market.
Investment: ₹20 lakhs to ₹30 lakhs
Requirements: 1000-1500 sq. ft. space, licenses, equipment
Market Demand: Projected growth in India’s pizza market.
Profit Margin: ₹20,000 to ₹50,000 monthly
Fresh Bun Burger
Fresh Bun Burger, a Mumbai-based brand, is revolutionizing the Indian burger market with its commitment to using fresh ingredients and innovative burger creations. Known for delivering exceptional quality and flavor, Fresh Bun Burger is rapidly gaining popularity among burger enthusiasts nationwide.
Investment: ₹5 lakhs to ₹10 lakhs
Requirements: Food and restaurant licenses, 300-500 sq. ft. outlet space, equipment
Market Demand: Expected growth in India’s QSR sector
Pizza Pitstop
Pizza Pitstop, headquartered in Mumbai, is carving a niche for itself in the Indian pizza industry. Renowned for its use of fresh ingredients and unique pizza recipes, Pizza Pitstop maintains high standards of quality and taste, making it a preferred choice among pizza lovers across the country.
Investment: ₹5 lakhs to ₹10 lakhs
Requirements: 300-500 sq. ft. space, licenses, equipment
Market Demand: Projected growth in India’s pizza market.
Profit Margin: ₹20,000 to ₹50,000 monthly
Fried to Crisp (FTC)
Fried to Crisp, an up-and-coming player in the Indian fried chicken scene, is making waves with its distinctive recipes and delicious offerings. Committed to delivering quality and flavor, Fried to Crisp is rapidly building a loyal following.
Investment: ₹5 lakhs to ₹10 lakhs
Requirements: Licenses, restaurant equipment, utilities setup
Market Demand: FTC aims for steady growth in system sales and unit expansions.
In conclusion, exploring franchise opportunities in the food industry can be a lucrative venture in 2024. Whether you prefer the global appeal of brands like McDonald’s and KFC or the local flavors of Haldiram’s and Wow! Momo, each franchise offers unique investment potential and profit margins. Consider your budget, market demand, and personal preferences when choosing the right franchise to embark on your entrepreneurial journey. With careful planning and strategic investment, you could soon be reaping the rewards of owning a successful food franchise in the thriving Indian market.
