The franchising industry is growing in leaps and bounds that endeavours to promote the healthy growth of the economy through job creation, promotion of micro, small and medium enterprises (MSMEs) and so on.
Employment Scenario in Franchising Sector – India Vs International
Although the industry is still at its nascent stage in India, it is vital to note that the franchise business accounts for 2% of the national Gross Domestic Product (GDP). The country is already the second-largest market for franchising community in the world, after the United States. According to Statista, the US franchise industry employs 8.43 million, while Canada estimated to generate 1.9 million franchise-related jobs. In India, close to 1.5 million people are employed through franchising.
With 4,600 franchisors active in India, the concept of franchising is quite popular in fast food chains, beauty parlours, fitness centres, education, and departmental stores of international repute. This goes to show that franchising is not just a great way to be self-employed, but it is also a big employment generator.
India on the cusp of major change
By 2024, the franchising business is pegged to touch USD 100 billion in India. The country is set to witness a change in terms of employment that could lead to unprecedented economic growth coupled with radical improvements. The demand for franchising is increasing across various industry sectors, and the growth is propelled by young people who largely opt for franchising as their first entrepreneurship venture.
Benefits of being an ATM Franchisee
If you considering the franchising route, Indicash ATM Franchise Business Model is an attractive proposition that offers significant earnings with high-profit potential. Indicash is managed and operated by Tata Communications Payment Solutions Ltd (TCPSL). TCPSL is one of the largest providers of White Label ATMs (WLA) in the country. TCPSL is providing a new business opportunity to aspiring or established entrepreneurs to start earning with Indicash ATM Franchise business model. Some of the benefits of this model are:
- Start your business with minimal capital: Indicash ATM Franchise is an asset-light & high margin business model. You can start your Franchise business with a minimal investment of ₹5 lacs.
- High Return on Investment (ROI): You have the potential to earn up to 33%P in the first year of operation itself which can be scaled up to 53%* in the 5th year, based on 10% incremental transactions year on year. The advantage of this model is that there is no minimum threshold of transactions. You can start earning with the first transaction itself.
- End-to-end Training & Support: Indicash deploys the ATM based on the business model you select. It imparts aspiring entrepreneurs with comprehensive training and extensive know-how to run and manage daily operations, including cash loading, promotions, first-level maintenance, etc.
- Partner with a trusted brand: You have the opportunity to partner with the Tata brand, which is one of the most trusted brands in the country today. Indicash is one of the largest White Label ATM (WLA) operator in India and the second largest in rural and semi-urban areas.
Take the first step towards owning and operating a franchise business with Indicash. To begin your entrepreneurial journey, all you need is a commercial space (own/rented/existing listed Indicash sites), minimal capital and an entrepreneurial spirit to run a business. To know more, visit www.indicash.co.in.