Franchise Opportunities Under 5 lakhs In 2024

By Startup Authority January 13

What would the business world be without franchise options? I am sure many people have not thought if such an option would not be available in the current business world. Yes, there would be less opportunity for growth for individuals and the country as a whole.

Every year so many startup companies are coming up and offering a franchise option. This is the only industry which offers a good business structure to people so that they can earn very well.

Similarly, further in this article, we will tell you some of the best franchise opportunities under Rs 5 lakhs to open this year.

Amul Parlour

Willing to partner with one of the best ice cream parlours in our country then Amul Parlour Franchise is right there. Amul has been a major part of everyone’s life. Due to its trustworthy products, so many people have trusted this brand for many years.

This parlour franchise can easily be opened within 150-300 square feet of area. People willing to join such a reputable business franchise can do so at a very low investment rate. The strong PAN India presence of this brand makes it one of the best choices for franchises under Rs 5 lakhs in 2024.

Now, some of the important documents that will be required to open an Amul Parlour franchise are Aadhar card, PAN Card, Bank Details, and personal details. One can always visit its official website for more franchise details.

Franchise fees	Rs 25-80k
Total investment	Rs 3-5 lakhs
Number of outlets	1400+

Tata 1MG

Ever since Tata acquired 1MG, the medicine orders from this online e-commerce site have increased rapidly. That is one of the reasons why Tata 1MG Franchise has become India’s best online pharmacy providing a wide range of prescriptions and medicines to customers.

There are numerous reasons to choose a Tata 1MG franchise in India for 2024. Here are some of the reasons:-

Well-established brand: When you choose the Tata 1MG franchise, you already become a part of one of the most reputable businesses in the world. You get access to the health and wellness industry from a well-reputed brand at a very low investment.
Robust e-commerce platform: Many of us have surely used or seen the Tata 1MG app and website. Everything on the application and website is clearly mentioned and it is easy to use. All the credit for such goes to the parent company.
High-income ratio: There is always a high chance of opening a Tata 1MG franchise in India. According to their official website, over 160 million individuals use the products and services from Tata 1MG.

Franchise fees	Rs 15,000+GST
Total investment	Rs 2-3 lakhs
Number of outlets	300+

India Post

India Post is the widest postal network not only in India but, in the whole world. It is a government-operated postal system in India which is known for its strong PAN India service.

Interestingly, India Post Franchise is also known as Post Office in India. Due to its amazing and quality services, this government-operated postal network or brand has become famous in India.

We know there is always constant demand for customers to send their products from one place to another. The rise in demand for postal services is leading to open new India Post franchises every month.

This is one of the reasons why India Post have opened up a franchise option where services are franchised but, the delivery and transmission will be done through the department.

Now, once you have opened a India Post franchise these are the products and services that can be done inside the franchise:-

Sell stamp and stationery
Money order facility
Personal life insurance
After-sale service of life insurance

Franchise fees	Rs 5000
Total investment	Rs 1-3 lakhs
Number of outlets	1.5 lakh+

DTDC Courier franchise

DTDC is one of the most trusted courier brands or companies in India. It is responsible for shipping various kinds and types of products throughout the country. This courier company was established in 1990 and today it has already become a part of so many customers.

According to their website, this brand caters to more than 14,000 physical customers. They serve more than 14,000 pin codes across the nation. This company have made it possible to reach 96% of India's population.

Other than this, the brand is also present in various international countries. These are some of the reasons why one must keep the DTDC courier franchise on their bucket list.

Franchise fees	Rs
Total investment	Rs 1.5-4 lakhs
Number of outlets	12000+ franchise partners

Tea Tiffin Franchise

Tea Tiffin Franchise is one of the recently established food and beverage brands in India. Starting in 2021, this food brand has already made a very strong PAN India presence. Currently, they are focused quite a lot on customers who are from and around Delhi.

The USP of this amazing food and beverage brand is that it offers freshly made tea using garden ingredients. Yes, the food ingredients they use are 100% natural with no preservatives or added chemicals. This is what makes the company different from its competitors and famous in our country.

Now, other than serving quality tea products, this company also offers various breakfast items. Some of them are poha, sandwiches, idli, vada, and many more. One of the best reasons to choose them is they have a very low-investment franchise model.

This brand has two different franchise models and they are Express Model and Take Away Model. Now, the Take Away model is slightly more than Rs 5 lakhs but, you can definitely take the Express Model franchise. You can visit its official website for more franchise details and information.

Franchise fees	NA
Total investment	Rs 1.5 lakhs
Number of outlets	NA

Waffcha

I am sure not many people have heard of this amazing food and beverage franchise company. Waffcha franchise company offers European desserts to Indian customers at a very affordable rate.

The interior ambience of this company is a very unique concept. Founded in 2019, this food and beverage brand has already opened 9+ outlets across the country. Some of their famous food products are the following:-

Duo Chocolate Kitkat Waffles
Chocolate fully loaded Pancake
Blue Velvet Cookies Pancakes
Chocochip Pancakes
Cheesy Waffles
Triple Chocolate Waffles
Blueberry Waffles

Franchise fees	NA
Total investment	Rs 5 lakhs
Number of outlets	9+

Dr Lal Path Labs

Have you ever wondered if you could be a part of diagnostic and related healthcare at a very affordable investment? Dr Lal Path Labs Franchise has brought an amazing business opportunity for people who are willing to earn good profit by investing less.

This brand is one of the most trusted destinations for diagnostic tests and health checkups. Interestingly, this brand was started way back in 1949 by the late S.K Lal. The head office of this brand is located in Delhi.

Now, when you plan to open this franchise you need to have some marketing and leadership skills. It is because the profit from the business will highly depend on how many people you have marketed the service to. The more people visit your franchise, the more you earn a profit margin.

Franchise fees	NA
Total investment	Rs 3-4 lakhs
Number of outlets	200+ labs and 1500 collection centres